Bitcoin enthusiasts were hopeful last week that a familiar technical pattern would come to the rescue of their beloved digital asset, but it was not to be, at least not yet. The pattern that got everyone excited was what is called a “Double-Bottom Reversal”. If you calculate the distance from the bottom to its “neckline”,…
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With all the hoopla surrounding the stumbling Bakkt futures exchange, we tend to forget that the Chicago Mercantile Exchange (CME) has already established itself as a “go to” place for Bitcoin futures contracts. The CME is also a wily competitor, having knocked out the Chicago Board of Exchange (CBoE) from the arena last March. The…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for October 15, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, The only real way to describe it, a total buzzkill. Just as Telegram was set to release…
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Bitcoin enthusiasts, investors, and observers have still not gotten over how severely Bitcoin fell from grace, after the Bakkt crypto futures exchange opened for business. The blame-game has continued for weeks. The S&P 500 Index also took a tumble at the same time, as trade talks worsened and recession fears ramped up, but none of…
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Bitcoin enthusiasts have been jostled about after the disappointing Bakkt debut, losing 20% or more of their gains for the year and fearing the worst going forward. For those reasons alone, it is easy to see why Bitcoin’s supporters are searching madly for any technical signal that might be glowing “Green” at the moment. It…
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Cryptos may have taken it on the chin big time over the past two weeks, dropping billions in market cap, while even Bitcoin shed 20% of its valuation, but crypto investors can still smile in coffee rooms across the globe, since their BTC returns were 110% to date. These figures include recent losses, as well,…
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Bitcoin revisited the upper $7,000s this weekend, continuing its ranging behavior, but always with a gradual downward slope, as if tempting bears or bulls to grab on. The excitement from a few weeks back is quickly becoming a distant memory, but so is $10,000, its last ranging median for weeks on end. Advocates, however, are…
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In some respects, we are back to old times where Bitcoin followers react to every tiny little wobbling that affects their favorite digital asset. The carnage from last week’s battle has been cleared from the battlefield, as investors regain confidence that Bitcoin might actually be on a road back to recovery. A cacophony of critical…
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The dust is beginning to settle from last week’s demolishment of Bitcoin’s valuation, and the time is now right for respected analysts to speak up on its behalf, since the all-important Bitcoin narrative needs a boost at this time. One analyst, who has never shied away from speaking glowingly about Bitcoin’s prospects, has been Tom…
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“It was the best of times, it was the worst of times.” Unfortunately, the latter phrasing applies to this last quarter for Bitcoin, its first negative quarter of the year and, by far, a shock to crypto enthusiasts across the globe. BTC is hovering about $8,300, a 23% loss for Q3, but on a positive…
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