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Tag: bitcoin bottom

Data Suggests Bitcoin Holders Remain Steadfast

This is an opinion editorial by Shane Neagle, the editor-in-chief of “The Tokenist.”Macroeconomic headwinds are continuously adding to a bearish narrative across all markets,...

This Chart Pattern May Bring Directional Rally In Bitcoin Price

The Bitcoin price continues its choppy movement inside a descending triangle pattern. Furthermore, the price spread within this pattern has narrowed to the point where it is considered a no-trading zone. Thus, any new traders looking for an entry opportunity should wait for this triangle pattern breakout, as it will break the ongoing uncertainty in

The post This Chart Pattern May Bring Directional Rally In Bitcoin Price appeared first on CoinGape.

Bitcoin To Bounce At This Level Next, Top Trader Predicts

Bitcoin price has been hovering around the $24,000 mark on Monday, causing a lot of turbulence in the crypto market. A majority of coins...

Crypto Analyst Says Bitcoin (BTC) Bottom in Sight After Six Weeks in Red – Here’s His Target Price and Date

After six consecutive weeks in the red, a popular crypto strategist says that the end of Bitcoin’s (BTC) correction is finally on the horizon. Pseudonymous...

BTC Price Analysis: What’s The Cycle’s Bitcoin Bottom According to Capitalization Models?

Bitcoin has been trading sideways in the past few weeks. It is still consolidating between the $36K and $45K levels, liquidating both bulls and bears on multiple occasions. With the current economic and geopolitical uncertainty, it would be wise to consider the worst possible case and plan it. Technical Analysis By: Edris The Daily Chart: On […]

Understanding Bitcoin’s Energy Consumption

In this episode of the "Bitcoin Bottom Line" podcast, the host and guest discuss how Bitcoin relates to farming, energy and more.

What Is The Future Of International Bitcoin Adoption?

The "Bitcoin Bottom Line" podcast hosts discussed the future of Bitcoin adoption by governments around the world.

Is a Bitcoin Bottom in?

As Bitcoin prices bounce from multi-month lows, we investigate the likely driving mechanisms, and evaluate the quality of support provided in the $30k-$40k range.

McDonald’s Marks Local Bitcoin Bottom With Crypto Tweet

Bitcoin continues to display bullish price momentum as it has managed to reclaim the lows around $40,000. The benchmark crypto has been slowly recovering after a violent downside move which shocked traders and market participants. Related Reading | TA: Bitcoin Topside Bias Vulnerable If It Continues To Struggle Below $38K As of press time, Bitcoin trades at $41,486 with an 8% and 9.8% profit in the last 24-hours and 7-days, respectively. How Do You Do, Fellow Kids? The crypto trading community has been celebrating the recent Bitcoin price action after weeks of downside and sideways movement. When BTC was trending downside and pushing the market lower, crypto traders started joking about taking a joke on the popular food chain restaurant McDonald’s. The food chain took note and replied to the crypto traders via Twitter. Many relevant personalities in the space, including Cameron Winklevoss, and other big accounts commented on the post with messages alluding to a McDonald’s product or about potentially joining the restaurant. how are you doing people who run crypto twitter accounts — McDonald's (@McDonalds) January 24, 2022 Even Giga Bitcoin Bull Michael Saylor, CEO at MicroStrategy, shared memes of him joking about working in the popular food chain restaurant. In another Tweet, Saylor shared a picture of him using an apparel with a McDonald’s slogan “Doin’ whatever it takes”, as seen below. Doin’ whatever it takes since ‘92. #Bitcoin pic.twitter.com/93gSyB3L2t — Michael Saylor⚡️ (@saylor) January 6, 2022 Per his Wikipedia page, Saylor and McDonald’s were closely intertwine in 1992, the picture was part of a promo campaign. At that time, MicroStrategy was in a very early stage and Saylor won a $10 million contract to developed applications and study ways to make promotions more effective. Almost 30 years later, the software company founded by Saylor would spearhead a new treasury strategy by adopting the Bitcoin standard. Once MicroStrategy broke the wall and integrated BTC into its balance sheet, Tesla, Block, and others followed. Make It Or Break It? 2022 Could Be Bitcoin Most Important Year Interestingly, Bitcoin recent price action draws the food chain’s emblematic “M”, as seen below. The last time Bitcoin saw its yearly lows around $33,000, McDonald’s made the aforementioned Tweet. The “McDonald’s Pattern” draw on the chart could become legendary if Bitcoin truly hit its final bottom before resuming NewsBTC has presented several different vision on the potential trajectory for BTC’s price going into 2022. While some experts expect the cryptocurrency to struggle, others believe it will manage to surpass the $100,000 threshold. On the bullish side, Senior Commodity Strategist for Bloomberg Intelligence Mike McGlone believes BTC will come out on top of a widespread market downtrend due to a hike on interest rates. On a less optimistic note, QCP Capital expect BTC to struggle in 2022 and remain rangebound unable to achieve a new all-time high. Related Reading | Bitcoin Sees Poor Demand As Investors Try to Defend $37K, Is BTC In Trouble? Time will prove them right or wrong, if BTC’s price can decouple from traditional markets, as it has happened for brief periods over the past weeks, the cryptocurrency could attract more institutional attention. In that sense, McGlone and others believe 2022 will be one of BTC’s most important years.

Bull Trap Again! Bitcoin Bottom Not Yet Reached, Falling below $35,511 Will Get The Bulls Back!

btc-down

The post Bull Trap Again! Bitcoin Bottom Not Yet Reached, Falling below $35,511 Will Get The Bulls Back! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Bitcoin started the year 2022 on a sour note and has been struggling ever since. In 2021, the digital currency went on a spectacular price fluctuation roller coaster ride. Since November, the price of Bitcoin (BTC) has been steadily declining on a daily basis. Bitcoin has already fallen below the $ $40,000 barrier, down by …

Traditional Banks And Bitcoin

Discussing how traditional banks can incorporate Bitcoin with Fourth Capital's CEO.

Short-Term Bitcoin Holders Taking the Brunt of BTC Capitulation: Analytics Firm Glassnode

Crypto research firm Glassnode is looking at fresh Bitcoin (BTC) data to see if the recent sell-off indicates that BTC is just in a slump or entering bear market territory. In its latest weekly newsletter, Glassnode says that due to the wild price swings commonly seen in the crypto markets, a deeper analysis of the […]

The post Short-Term Bitcoin Holders Taking the Brunt of BTC Capitulation: Analytics Firm Glassnode appeared first on The Daily Hodl.

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