Category: btc price

Bitcoin must now reclaim these price levels to resume its rally to $20K

Bitcoin must now reclaim these price levels to resume its rally to $20K

Bitcoin (BTC) has been seeing significant momentum in previous weeks as its price was approaching the precious $20,000 all-time high. However, an abrupt end came to this glorious rally, with Bitcoin price crashing severely over the past 24 hours. Cryptocurrency market, 1-day performance. Source: Coin360 While most investors were celebrating a potential new all-time high, […]

Continue Reading

Bitcoin price dips below $18K — Time to watch these ‘whale cluster’ support zones

Bitcoin price dips below $18K — Time to watch these ‘whale cluster’ support zones

Bitcoin (BTC) price dropped below the $18,000 support level on Nov. 22. This comes after BTC continuously saw high over-the-counter (OTC) and institutional volume throughout November. BTC/USD 1-hour chart. Source: Tradingview Data suggests that the growing institutional demand was likely one of the main catalysts behind the BTC price rally to $18,965. According to the […]

Continue Reading

Not just Wall Street: Quant trader explains why Bitcoin price is going up

Not just Wall Street: Quant trader explains why Bitcoin price is going up

Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin (BTC).  The catalysts are increasing adoption, whales, inflows from other products into Bitcoin, and influence from other markets. Alameda Research is a major cryptocurrency firm that trades a variety of cryptocurrencies and derivatives, with a volume […]

Continue Reading

Bitcoin analyst gives 4 reasons why BTC price will hit $22,000 next

Bitcoin analyst gives 4 reasons why BTC price will hit $22,000 next

Philip Swift, a Bitcoin (BTC) analyst and the creator of Lookintobitcoin.com, laid out four reasons why BTC is headed to $22,000. Both fundamental and technical factors indicate the top cryptocurrency’s momentum is strengthening. The one-year HODL percentage, the decline of Bitcoin exchange reserves, neutral funding rates, and institutional accumulation point toward a prolonged BTC rally. […]

Continue Reading