Market trends, Economics, Investment, Business cycle, Financial markets, Market trend

Bitcoin Balances on Exchanges at 2-Year Low and That May Be a Bullish Sign

On Sep 28, 2020
@CoinDesk shared
RT @CoinDeskMarkets: The balance of #bitcoin on major exchanges has hit its lowest point since November 2018 – some believe that could be a positive signal for $BTC's price. @MuyaoShen reports https://t.co/B6aoKz3Wo7
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Bitcoin balances on major exchanges have hit their lowest point since November 2018. Yet unlike that time, it may be a positive signal.

www.coindesk.com
On Sep 28, 2020
@CoinDesk shared
RT @CoinDeskMarkets: The balance of #bitcoin on major exchanges has hit its lowest point since November 2018 – some believe that could be a positive signal for $BTC's price. @MuyaoShen reports https://t.co/B6aoKz3Wo7
Open

Bitcoin Balances on Exchanges at 2-Year Low and That May Be a Bullish Sign

Bitcoin Balances on Exchanges at 2-Year Low and That May Be a Bullish Sign

Bitcoin balances on major exchanges have hit their lowest point since November 2018. Yet unlike that time, it may be a positive signal.

Bitcoin: The Bull Rages On

Bitcoin: The Bull Rages On

For the third time this week, bitcoin is back above $8,000 Wednesday and trading near its ten-month peak. Mainstream media outlets have been struggling to identify the …

Bitcoin And The Cryptosector: Spring Awakening Or Just A Thaw?

Bitcoin And The Cryptosector: Spring Awakening Or Just A Thaw?

Bitcoin is up more than 75% in just four months! A free and global competition of free private market money. Seasonality - Bitcoin does not like the summer. Sen

So, what happened at 6k?

So, what happened at 6k?

$6,000 was an important level to a lot of people. That is why it held for so long. Miners, crypto hedge funds, ICO’s. They all were relying on the price to hold and stabilize at that level ...

Crypto Analysis Is Science Fiction - A Year In Review

Crypto Analysis Is Science Fiction - A Year In Review

Aside from attempting to understand the movements of the cryptocurrency market, I also write a lot of fiction. Sometimes analysis feels like science fiction, because I'm making an effort to ...

Bitcoin On-Chain Analytics at Odds With Sub-$8K Bitcoin Price Forecasts

Bitcoin On-Chain Analytics at Odds With Sub-$8K Bitcoin Price Forecasts

Crypto investor sentiment flipped bearish as Bitcoin price dropped by $1,500 last week but do on-chain analytics show a bear trend forming?

Is Bitcoin Heading to Become a Bull Market After Getting Over its Days of Crazy Volatility?

Is Bitcoin Heading to Become a Bull Market After Getting Over its Days of Crazy Volatility?

Since June, its price has hovered around the $6,500 mark for almost two months. This has been very unusual for one of the most volatile assets in history

A crypto VC puts the bear market in perspective

A crypto VC puts the bear market in perspective

Arianna Simpson discusses the recent downturn and the future of the crypto trade.

How the Dow’s Fractal of Doom Could Take Bitcoin to $1,000

How the Dow’s Fractal of Doom Could Take Bitcoin to $1,000

Throughout 2020 thus far, Bitcoin has been showing a tight correlation with major stock indexes like the Dow Jones and the S&P 500. If this continues,

Why is Bitcoin Price Growing Slower and Slower?

Why is Bitcoin Price Growing Slower and Slower?

The potential short-term and long-term growth prospects of bitcoin can be gauged from the ongoing price activity. BTC price is facing increasing

Why Has Bitcoin Price Fallen so Much?

Why Has Bitcoin Price Fallen so Much?

Finding a solid explanation for the extended bearish market trend is not necessarily all that easy. Furthermore, as the price declined over the past year capitulation played a key part in ...

Will a Bitcoin bull market ever return?

Will a Bitcoin bull market ever return?

The winter of 2017 will go down in history as being one of the most awe-inspiring and surprising bull markets the world has ever seen, with Bitcoin surging to $20,000 while a number of ...

“Bitcoin [BTC] and Ethereum [ETH] should be focused on, XRP maybe later,” says Blockchain Capital’s Spencer Bogart

“Bitcoin [BTC] and Ethereum [ETH] should be focused on, XRP maybe later,” says Blockchain Capital’s Spencer Bogart

The world of cryptocurrencies has been in the midst of bullish rises and bearish falls that have resulted in marked shifts in investor sentiments. The current market atmosphere has also ...

Bitcoin prices keeps plunging. When will they hit bottom?

Bitcoin prices keeps plunging. When will they hit bottom?

The recent plunge in the stock market is a cakewalk compared to what's going on with cryptocurrencies. Bitcoin prices are down more than 15% in just the past week and have plummeted nearly ...