With Bitcoin trading above $23,000 emerging to become the new normal, institutions and Bitcoin whales are driving price discovery into previously unchartered territories on the price charts. This doesn’t come as a shock to maxis and on-chain analysts, however, with Willy Woo recently quoted as saying, “$100,000, I would rate as very conservative, probably overly...Read More
Bitcoin’s price has dropped by over 6% in the past seven days. The crypto-asset, at the time of writing, was trading at $18,368, falling fallen to as low as $17,800 before recovering. However, BTC’s press time price was still well below the $19,000-level from earlier in the week. So, where is Bitcoin headed? Is the...Read More
When Bitcoin’s price hit a new ATH on most cryptocurrency exchanges, traders expected it to hit $20,000 quickly. However, the crypto-asset soon faced a wave of corrections following the same, even as its market cap crossed $354 billion and it became the 7th largest currency in the world. To many, the $20,000-level may seem unattainable...Read More
Bitcoin’s price may be suffering from weekend slumps yet again and it has dropped over 11 percent from the $19,200 level. The market capitalization is down from $581 Billion to $512 Billion and on-chain analysts are comparing the price action in the past week to Gold’s fractal of the 70s. Mark Twain’s comment “history never...Read More
