Bitcoin is currently trading at $33831 after a highly volatile and eventful week. Before the weekend, Elon Musk’s tweet led to a massive surge in price, bringing it closer to $40000 level. However, there is consistent resistance and the price dropped to $33000 before it would hit the ATH. There were several metrics hinting at...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
When Bitcoin decoupled from Gold in November 2020, on-chain analysts predicted that it was gearing up to hit a new ATH on the charts. As it happened, that’s exactly what happened. However, the sentiment on the part of the market’s retail traders was mostly mixed after the Bitcoin-Gold correlation dropped so dramatically. The “store of...Read More
