Bitcoin prices jumped within the expected bullish context during the previous analysis touching our awaited target at 33,990, recording its highest price of 36,875. On the technical side today, we tend to be positive in our trading, but cautiously depending on the stability of trading above the support level of …
Read More »Bitcoin Could Exceed $500,000 on Corporate Purchases
Bitcoin could surge to new unprecedented highs, amid increased interest from institutional investors. The world’s largest cryptocurrency in terms of market capitalization could go as high as $535,000 if corporate buyers convert 10% of their cash reserves to Bitcoin, according to a recent report by Ark Invest cited by CoinTelegraph. …
Read More »Bitcoin Facing an Intraday Bullish Path
Positive trading dominated the movements of Bitcoin touching the first target to be achieved during the previous analysis, located at a price of 33,940. On the technical side, today the 50-day moving average supports the occurrence of a bullish slope in the coming hours, in addition to the stability of …
Read More »Bitcoin Witnessing a Temporary Rally
Bitcoin started its weekly trading on a slight bullish slope after finding a good support floor near 33,430, which forced it to retrace the upside. On the technical side, Bitcoin continues to receive a positive stimulus from the 50 day moving average. This increases the possibility that we will witness …
Read More »Bitcoin Surges after Elon Musk’s Twitter Message
Bitcoin surged on Friday, after Billionaire and business tycoon Elon Musk added a hashtag with the name of the world’s largest cryptocurrency to his Twitter bio. The digital currency is currently up by around 9% at $35,377, but earlier today, it rose by as much as 20% after the move …
Read More »Bitcoin Trying to Clear Negativity
Negative trading dominated Bitcoin within the expected bearish path during the previous report touching the required target located at the price of 31,130. The daily trend is still a bearish trend, but on short time frames, we notice attempts by Stochastic to erase the negativity temporarily. We may witness a …
Read More »Bitcoin Continues to Decline
Bitcoin succeeded in achieving the negative outlook, as we expected during the previous analysis, surpassing the second official target to be achieved at 31,730, to record its lowest price during the morning trading of the current session at 31,428. On the technical side, we tend to be negative due to …
Read More »Bitcoin Continues to Dominate Investments in Cryptocurrencies
Bitcoin accounted for the biggest share of investment inflows in cryptocurrencies since the beginning of the year, CoinTelegraph reported. The biggest digital currency in the world in terms of market capitalization, dominated 97% of inflows into cryptocurrencies in 2021, as shown by a recent report by CoinShares. Earlier this year, …
Read More »Bitcoin Tilted to The Downside
Negative trading controls the movements of Bitcoin after it found a strong resistance level around 32,000, as the current moves witness a stable bearish slope near the lowest level during the session. The technical side indicates the possibility of continuing the decline due to the negative pressures of the simple …
Read More »Bitcoin Shows Recovery Signs and Ether Gives Up Record High
Bitcoin rose on Monday, reducing its recent losses that came amid a strong correction wave and selling pressures that brought the price of the world’s largest digital currency below $30,000. Over the past 24 hours, Bitcoin rose by about 3% to near $32,600, cutting its losses over the past seven …
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