Tag : BTC

Bitcoin remains bullish in the long term based on macro factors
07 Sep
7:04

Bitcoin remains bullish in the long term based on macro factors

Bitcoin is still bullish on the macro timeframe according to a popular trader on Twitter. He shared this chart below today, writing that BTC is still in good shape: “We are currently testing an important level of support (S / R flip). It is good to drop at 12k, but…

Stop shorting Bitcoin anymore, on-chain data is showing price increase in the short term
07 Sep
2:24

Stop shorting Bitcoin anymore, on-chain data is showing price increase in the short term

Bitcoin has seen some extremely bearish price action over the past few days, with cryptocurrency prices dropping as low as $ 9,900 before some strong support can be found. The buying pressure here has proven to be quite substantial, as it allows BTC to climb higher and once again stabilize…

This is why Bitcoin has yet to reach a macro peak at $ 12,500
26 Aug
1:07

This is why Bitcoin has yet to reach a macro peak at $ 12,500

The US dollar steadily stabilized as traders awaited further guidance on Federal Reserve monetary policy from top officials attending the annual Jackson Hole meeting. The greenback rose sharply last week thanks to stronger business activity and home sales than expected. Senior forex strategist Junichi Ishikawa at Tokyo-based IG Securities calls…

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