Category: btcusd

98% of CFOs say their hedge fund will invest in Bitcoin by 2026: Study

June 16, 2021

Crypto Nanobot 0

Traditional hedge funds are willing to increase their exposure in Bitcoin and other cryptocurrency markets over the next five years, a new survey has found. Intertrust Global — an international trust and corporate management company — polled the chief financial officers of 100 hedge funds globally about their intention to purchase crypto-assets. About 98% of […]

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Bitcoin drops below $36K as century-old financial model predicts big BTC crash

June 5, 2021

Crypto Nanobot 0

Overconfident Bitcoin (BTC) bulls would need to battle more than just Elon Musk as a price prediction model — created by technical analyst pioneer Richard Wyckoff more than 100 years ago — also goes against their wild upside predictions. Dubbed as Wyckoff Method, the model involves a five-phase approach to determine price trends that majorly […]

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Bitcoin’s epic $7.5B long squeeze just made BTC price more bullish — Here’s why

May 21, 2021

Crypto Nanobot 0

May 19’s price crash in the Bitcoin (BTC) spot market wiped about $7.56 billion worth of long-leveraged positions from cryptocurrency derivatives markets. Leveraged bullish investors winded up around $7.5 billion in longs on May 19. Source: Bybt The event marked the biggest bullish leverage wipeout since March 2020. Retail and institutional investors borrowed from leading […]

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Bye, alt season? Analysts see traders rotating back to Bitcoin after $30K ‘reset’

May 20, 2021

Crypto Nanobot 0

The Bitcoin (BTC) market bias stands divided on how to interpret the BTC price crash this week, wherein the pair lost more than 35% of its value at one point on Wednesday, crashing to as deep as $30,000 on Coinbase. Global media outlets attributed the plunge to China reiterating its anti-crypto business stance and Tesla suddenly […]

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Bitcoin chart fractal notorious for 60%–70% price crashes is back — What’s next?

May 19, 2021

Crypto Nanobot 0

Bitcoin bulls should brace for aggressive downside market corrections in the sessions ahead, especially as the benchmark cryptocurrency breaks below a critical support level. Dubbed the 20-week exponential moving average (EMA), the wave has historically served as a primary downside target for bulls to accumulate Bitcoin (BTC). For instance, the BTC/USD exchange rate maintained its […]

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Bitcoin’s drop from $64K comparable to Black Thursday, but Coinbase outflows hint at accumulation

May 18, 2021

Crypto Nanobot 0

Elon Musk and COVID-19 have something in common: They have both panicked investors — at least once — into dumping their Bitcoin (BTC) holdings. The similarities notched up higher in the previous six days as Musk doubled down on his chaos-inducing perspective toward Bitcoin. The billionaire entrepreneur engaged in a Twitter spat with top cryptocurrency […]

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Buy or hodl, says investor Raoul Pal as Bitcoin price chart hints at ‘falling wedge’

May 17, 2021

Crypto Nanobot 0

Raoul Pal wants Bitcoin (BTC) investors to mobilize their trades against Elon Musk. The macro investment strategist advised traders to either accumulate or preserve their Bitcoin holdings just as the flagship cryptocurrency suffered massive declines over the weekend and at the beginning of this week. Bitcoin drops by 16.92% over the weekend and Monday. Source: Tradingview […]

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