Posts by Alfredo Showtimer
Bitcoin Indicator Says The Top Is In
Bitcoin price has finally closed a weekly candle over $60,000 on Binance for the first time in the asset’s history, marking the highest weekly close ever. However, just as such a moment is realized, a highly accurate top-sniping indicator with a three for three success rate has called the top of the current crypto market…
Read MoreSmall Lawsuit Wins Pushes XRP Price Back to 2018 Highs; Pullback Ahead?
Key XRP Outlook XRP almost hits $1.5 for the first time since January 2018. The upside boost comes in the wake of small legal wins for Ripple Labs as it battles the US Securities and Exchange over a lawsuit. Technically, the Ripple token has climbed to overvalued levels, requiring a neutralizing price correction. XRP, the…
Read MoreBitcoin Weekly Outlook: Breakout Over $60K Expected on Coinbase Listing
Key Bitcoin Takeaways Bitcoin flirts with $60,000 for a breakout move. The cryptocurrency is trending inside a classically bullish ‘Ascending Triangle’ pattern. Coinbase’s listing on Nasdaq, US inflation data update this week promises further upside. Bitcoin has endured significant selling pressure over the last few trading sessions as it attempts to close above $60,000. The…
Read MoreA Bitcoin Correction Towards $55,000 Likely At The End of Week
Key Bitcoin Price Outlook Bitcoin reaches a short-term resistance trendline that constitutes a descending channel pattern. The cryptocurrency risks upside rejection heading into the weekend session. Its downside target lurks near $55,000. Sliding US bond yields undermined the dollar and prompted bitcoin’s climb on Thursday. Nevertheless, the trade appeared cyclical as the cryptocurrency fell lower…
Read MoreBitcoin Cycle “Nowhere Near The Top”
Bitcoin price still can’t crack back above $60,000 and prices are slowly moving downward. And while the creator of the popular stock-to-flow model agrees there’s no avoiding regular corrections in the leading cryptocurrency, the top of the current cycle is “nowhere near.” Here’s a closer look at why the model’s creator is so confident in…
Read MoreeToro appoints Dr. Hedva Ber, Israel’s former Banking Supervisor, as Deputy CEO and Global COO
April 6, 2021 – Global multi-asset investment platform eToro, today announces the appointment of Dr. Hedva Ber as Deputy CEO and Global Chief Operating Officer (COO). Dr. Ber will lead eToro’s operational infrastructure, corporate governance, compliance and regulatory affairs, legal, risk management, and social responsibility. Dr. Ber has more than 25 years of experience across…
Read MoreBoom for Bitcoin as Macro Analysts Stick to Their Bearish Dollar Calls
Bitcoin and the US dollar have stopped caring about their inverse correlation heading into 2021. The flagship cryptocurrency closed the first quarter more than 100 percent higher as more and more institutions became accustomed to its safe-haven characteristics. For instance, US carmaker Tesla revealed that it replaced $1.5 billion of its cash reserves with bitcoin,…
Read MoreGrayscale Bitcoin Trust to Convert to an ETF, Premium Remains Negative: What’s Next?
Earlier this Monday, Grayscale Investments announced its plans to transform Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund. Up until recently, GBTC was one of the only investment funds for institutions and retail investors alike. Amidst growing competition, however, the fund’s high management fees and stringent lock-up periods lost favor with many investors. Since February,…
Read MoreBitcoin Bulls Risk Losing Uptrend Line From Sub-$20K
Bitcoin price is back under $57,000 after losing an important trend line that has supported the cryptocurrency’s now historic uptrend. The critical uptrend line began just after the leading cryptocurrency by market cap cracked back above $20,000 for the first time, and it never looked back since. Losing such a line, however, could lead to…
Read MoreA Big Glitch Appears in Bitcoin Bullish Bias: Rising Rate Hikes Bets
There are more traders now that prefer to hold Bitcoin than selling it to realize earlier profits. It is indicative of a major price boom ahead for the flagship cryptocurrency, which has already surged by almost 1,380 percent from its 2020’s nadir of $3,858 (data from Coinbase). Bitcoin Rise to Glory Lower interest rates have…
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