Category: Bitcoin

Bitcoin Strategy ProFund aims to tackle regulatory barriers for investors

Bitcoin Strategy ProFund aims to tackle regulatory barriers for investors

Mutual funds provider ProFund aims to enable crypto exposure for investors without actually buying Bitcoin. 310 Total views 7 Total shares The United States-based investment management firm ProFunds announced the launch of Bitcoin Strategy ProFund (BTCFX), one of the first publicly available mutual funds or ETFs that performs in parallel with Bitcoin (BTC). ProFunds provides […]

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Bitcoin price hints at ‘megaphone’ bottom pattern, and a breakout toward $40K

Bitcoin price hints at ‘megaphone’ bottom pattern, and a breakout toward $40K

Bitcoin’s (BTC) latest rebound from below $30,000 has increased its prospects of extending its retracement move higher, at least according to one classic technical pattern. Dubbed as Broadening Formation, the megaphone-shaped pattern appears when the price moves inside two diverging trendlines. Investopedia states that a broadening formation represents disagreement over the next potential bias among […]

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