Historical Trends Show Bitcoin Might Have Bottomed At $3,100 The Mayer Multiple, a measure conceptualized by diehard Bitcoin investor and evangelist Trace Mayer, seems to be signaling that BTC might have bottomed. As explained by analyst Crypto Kea, the multiple, which weighs the price and 200-day moving average (key support/resistance), recently passed 1.0 after falling...Read More
The world’s largest cryptocurrency asset manager, Grayscale Investments, saw its value of Assets Under Management (AUM) top $1 Billion yesterday. Price gains across the crypto spectrum saw the value of Grayscale’s bitcoin holdings alone jump to $999.1 Million. Tweet The Good News From The Rooftops Grayscale tweeted to announce the milestone, publishing a breakdown of...Read More
After breaking decisively above the important resistance level of $4,100 yesterday, Bitcoin (BTC) has continued to climb and is now nearing its next key resistance level of $4,200 that has proven to be incredibly strong over the past month.Analysts now expect Bitcoin to incur some major volatility in the near future as it approaches this...Read More
You could say Warren Buffett is loaded for bear. The “Oracle of Omaha” says he’d like to make permanent investments in U.S. companies with decent long term prospects, but not while the U.S. stock market is so overpriced. Maybe he should buy Bitcoin instead. Buffett Pines for ‘Elephant-Sized’ Acquisition In his 2019 annual letter to...Read More
