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Bitcoin Technical Analysis: BTC Resilience Maintains Amidst a Balanced Crypto Market

[Feb 7 7:30 AM] Bitcoin’s price continues to demonstrate resilience in the face of market fluctuations, settling at $42,902 to $43,091 within the last hour, with a modest uptick of 0.4% in the last 24 hours. This week’s growth of 0.7%, coupled with a…

JPMorgan Warns of Increased Risk for Crypto Market Due to Tether’s ‘Lack of Regulatory Compliance and Transparency’

[Feb 5 8:30 PM] JPMorgan has warned of increased risk for the crypto market resulting from Tether’s “lack of regulatory compliance and transparency.” The global investment bank’s analysts explained that other stablecoin issuers that…

Ethereum Technical Analysis: ETH Remains Range Bound With Neutral to Bullish Momentum

[Feb 5 8:09 AM] Ethereum’s price held above $2,300 over the past 24 hours, ranging between $2,266 and $2,333. The cryptocurrency faces technical resistance at its recent highs according to an analysis of key oscillators and moving averages. These indicate…

Bitcoin Technical Analysis: BTC Holds Steady Above $43K as Bulls Defend Support 

[Feb 5 7:03 AM] Bitcoin’s price is holding above the $43,000 range after bulls defended key support levels over the weekend. The leading crypto asset is up 2% week-to-date and 5.6% over the past two weeks. Bitcoin On the 1-hour chart, bitcoin’s (BTC)…

Coinbase Sees Positive Setup for Bitcoin as Exhaustion Hits Factors Pressuring BTC

[Feb 4 7:34 PM] Cryptocurrency exchange Coinbase says many technical factors pressuring bitcoin, and crypto more broadly, are starting to be exhausted. “We expect macro factors to become more relevant for the digital asset class in the weeks ahead, which…

Ark Invest Discusses 4 ‘Major Catalysts’ Driving Bitcoin Price in 2024

[Feb 3 10:00 PM] Asset management firm Ark Invest has highlighted four major catalysts that will drive the price of bitcoin this year. “Bitcoin has emerged as an independent asset class worthy of a strategic allocation in institutional portfolios,”…

‘Wolf Of All Streets’ Explains Bitcoin Halving Could Send BTC to $240,000

[Feb 3 8:30 PM] Scott Melker, also known as the “Wolf Of All Streets,” has explained why the upcoming Bitcoin halving could push the price of the cryptocurrency to $240,000. Noting that in the last halving cycle, bitcoin’s price went from the…

Bitcoin Technical Analysis: BTC’s Price Resilience Holds Steady Amidst Market Fluctuations

[Feb 2 7:11 AM] On Friday, the price of bitcoin fluctuated within a daily span from $41,937 to $43,347, with its market value reaching $846 billion. The trading activity for the day tallied up to $17.35 billion, showcasing a spike in investor involvement and…

Billionaire Tim Draper Doubles Down on Bitcoin — Foresees Moment When People Won’t Want Dollars Anymore

[Jan 31 7:00 PM] Billionaire venture capitalist Tim Draper has doubled down on bitcoin and his price prediction of the crypto. “I think that there’s going to be a moment where there’s a run on the banks,” he cautioned, adding: “I…

Bitcoin Technical Analysis: A Collision of Signals and Macro Decisions Ahead of Fed Ruling

[Jan 31 7:15 AM] Over the past 60 minutes, bitcoin’s trading value has fluctuated between $42,525 and $42,715, demonstrating a dynamic price range. Its 24-hour price swing extends from a low of $42,340 to a high of $43,853. Currently, bitcoin boasts a market…

Standard Chartered Expects SEC to Approve Spot Ethereum ETFs in May, Pushing ETH to $4,000

[Jan 30 7:30 PM] Standard Chartered has predicted that the U.S. Securities and Exchange Commission (SEC) will likely approve a spot ethereum exchange-traded fund (ETF) in May. The banking giant’s analyst foresees the price of ether rising to $4,000 by the…

Peter Brandt Highlights Bitcoin Price Pattern Key to Keeping BTC’s Bull Trend Healthy

[Jan 29 8:00 PM] Veteran trader Peter Brandt has highlighted a bitcoin price pattern that frequently appeared in past major bull runs. “It is the Hump …Slump …Pump… Dump [HSPD] that keeps a bull trend healthy,” he explained…

Ethereum Technical Analysis: ETH Trade Volume Remains Low Amid Selling Pressure

[Jan 29 8:30 AM] On Jan. 29, 2024, ethereum’s price dynamics display a nuanced interplay of market elements. The current price of ether stands at $2,247, with a 24-hour range fluctuating between $2,246 and $2,284. Despite its substantial market…

Bitcoin Technical Analysis: Bearish Signals and Bullish Hints Amidst Market Turbulence

[Jan 29 7:30 AM] Bitcoin, the leading digital currency by market cap, showcased nuanced market dynamics on Jan. 29, 2024. Bitcoin’s value fluctuated within a narrow band, ranging from approximately $41,950 to $42,069 within the last hour. Indicators such as…

Deutsche Bank Survey: Over One-Third of Respondents Expect Bitcoin to Fall Below $20,000

[Jan 27 8:30 PM] A Deutsche Bank survey has revealed that over one-third of 2,000 respondents anticipate bitcoin’s price to drop below $20,000. Moreover, around 15% of those surveyed predict the cryptocurrency’s price to range between $40,000 and…

JPMorgan Sees Downward Pressure Easing for Bitcoin as Grayscale Profit-Taking Fades

[Jan 27 6:30 PM] Global investment bank JPMorgan says that profit-taking from Grayscale’s bitcoin trust (GBTC) has largely happened already. “This would imply that most of the downward pressure on bitcoin from that channel should be largely behind…

Bitcoin Technical Analysis: BTC Reclaims $41K Mark Following Short-Term Consolidation 

[Jan 26 8:00 AM] At present, the price of bitcoin is $41,106, marking a significant climb from its 24-hour low of $39,538 and peaking at $41,474. This upward movement signifies a 3% gain within the last day, reflecting a surge of optimistic sentiment among…

Former Bitmex Chief Expects Bitcoin to Bottom Out Between $30,000 and $35,000

[Jan 25 8:30 PM] Former Bitmex CEO Arthur Hayes has predicted that bitcoin will find a support level between $30,000 and $35,000. He contends that the ongoing bitcoin selloff is not due to outflows from Grayscale’s bitcoin trust (GBTC). “That argument…

Bitcoin Technical Analysis: Deciphering BTC’s Complex Market Behavior

[Jan 24 8:05 AM] Bitcoin’s price dynamics on Jan. 24, 2024, present a complex picture of market fluctuations and investor sentiment. With prices oscillating between $39,878 and $40,069 in the past hour and a broader 24-hour range of $38,505 to $40,515, the…

Peter Schiff Says All Spot Bitcoin ETFs Are Now in Bear Markets — Warns of Deeper Losses

[Jan 23 8:00 PM] Gold bug and economist Peter Schiff has warned of deeper losses for spot bitcoin exchange-traded funds (ETFs), emphasizing that they are “now in bear markets.” Referencing the Proshares Bitcoin Strategy ETF which is down more than 50%…

Mad Money Host Jim Cramer Doubts Bitcoin Will Find Its Footing as Selloff Continues

[Jan 23 6:30 PM] Jim Cramer, the host of CNBC’s Mad Money show, has doubled down on his bearish bitcoin price outlook, predicting that the cryptocurrency will continue to struggle against the backdrop of a plummeting crypto market. “Unlikely that…

JPMorgan Sees Challenges Ahead for Crypto Market — Downgrades Coinbase Stock

[Jan 23 3:00 PM] Warning of a difficult time ahead for the crypto market, global investment bank JPMorgan has downgraded Coinbase stock. Emphasizing that crypto prices are already under pressure, JPMorgan warned of “greater potential for cryptocurrency ETF…

Ethereum Technical Analysis: Bearish Trends Dominate Across Multiple Timeframes

[Jan 22 8:32 AM] Similarly to bitcoin’s action, the second largest crypto asset by market cap, ethereum, has seen some market turmoil and a distinct downtrend. As of Jan. 22, 2024, ether has shown a notable decrease, registering a 3.3% drop in 24 hours and a…

Bitcoin Technical Analysis: BTC Navigates Through Bearish Currents

[Jan 22 7:41 AM] With market capitalization standing at $798 billion and a 24-hour trade volume of $16.58 billion, bitcoin’s current state remains consolidated just above the $41K zone. As bitcoin hovers around $41,088, a meticulous analysis of its 1-hour…

JPMorgan Warns of Incoming Bitcoin Selloff With Anticipated $3 Billion Grayscale Outflow

[Jan 21 7:00 PM] Global investment bank JPMorgan has warned of additional outflow from Grayscale’s bitcoin fund, cautioning that it will put “further pressure on bitcoin prices over the coming weeks.” The bank’s analyst also explained…

Mad Money Host Jim Cramer Sees ‘Nasty Beginning to Bitcoin Selloff’

[Jan 20 7:00 PM] Jim Cramer, the host of CNBC’s Mad Money show, has warned of a bitcoin selloff. While cautioning investors about investing in bitcoin and the newly launched spot bitcoin exchange-traded funds (ETFs), he said: “I’m not as…

Weekly NFT Sales Dip — Ethereum Outshines Bitcoin, Solana and Avalanche Record Gains

[Jan 20 1:00 PM] The latest statistics indicate a further decline in non-fungible token (NFT) sales this week, showing a 5.05% decrease compared to the previous week. Sales of NFTs reached $297 million, with Ethereum leading the way this week. Ethereum’s…

Bitcoin Technical Analysis: Navigating BTC’s Ups and Downs as Price Teeters Above $41K

[Jan 19 7:21 AM] On Thursday, bitcoin experienced a decline, reaching a low of $40,600, and has since been hovering slightly above the $41,000 mark. The cryptocurrency world is abuzz with speculation about the duration of this downturn, especially as the excitement…

JPMorgan CEO Advises Investors to Stay Away From Bitcoin — ‘My Personal Advice Is Don’t Get Involved’

[Jan 18 8:00 PM] Jamie Dimon, the CEO of JPMorgan Chase, has advised investors to stay away from bitcoin. “My personal advice is don’t get involved,” he said. “But I don’t want to tell anyone what to do. It’s a free…

Peter Schiff Predicts Bitcoin Bloodbath — Expects SEC Chair Gary Gensler to Introduce ‘New Onerous Crypto Regulations’

[Jan 18 6:30 PM] Economist and gold bug Peter Schiff has predicted that U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler “will soon introduce new onerous crypto regulations” that will result in “a sharp decline” in the…