A Storm is Brewing: Bitcoin to See Massive Volatility Due to These Factors
Bitcoin has seen some mixed price action as of late that has made it incredibly confusing as to where it will trend in the mid-term The crypto is seeing some signs of strength today, with its price rebounding off of its recent lows as bulls look to target its $33,000 resistance The bear case for BTC has grown stronger throughout the past few days, but it remains unclear as to whether or not this low […]
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As an asset class, Bitcoin has gained a lot of retail interest, but when it comes to the big money, institutional investors haven't had the opportunity to really participate. But that's not because Wall Street isn't interested."There is not a hedge fund or institutional investor that doesn't have Bitcoin on their white board. They know about it, they're thinking about it. Some even have it in their personal accounts," explained Matthew Roszak, an investor from Tally Capital. "But in order for them to jump in the water, they need tools that they are more used to."There is a perfect storm....
Bitcoin bounced back from the high area of around $30,000, and trends to the upside of its current range. The first crypto by market cap managed to trace back its weekend losses and returned to the $40,000 area. Related Reading | TA: Bitcoin Recovers Losses But Here’s Why $41.5K Could Prevent Gains At the time of writing, Bitcoin trades at $41,600 with a 6% and 5% profit in the last 24-hours and 7-day, respectively. The general sentiment in the market seems optimistic as BTC’s price was able to push back the bears’ fresh assault and prevent further losses. The $38,000 to $39,000 area....
Bitcoin has been spiraling lower ever since it tapped its all-time highs within the mid-$19,000 region There are a few factors driving this move lower, including selling pressure stemming from the rejection, fear regarding a regulatory crackdown in the U.S., and withdraws on OKEx resuming The confluence of these factors has created a perfect storm for bears, and they appear to be taking full advantage of it One trader believes that Bitcoin has quite a […]
Bitcoin price has been trapped in a tightening trading range and has barely moved in weeks. The top cryptocurrency by market cap has been boring compared to its characteristically volatile self. Looking back at the asset’s historic volatility, a fractal pattern could be forming that suggests the price per BTC is about to blast off […]
Tonight, on The Andy Milonakis NFT Show: On the one hand, the Goat Soup NFT collection’s floor price flatlined. It lost the momentum it got with the Gary Vee pump. On the other hand, a storm is brewing. Slowly but surely, Andy keeps adding utility, rolling out bonuses, and building with the community. The time […]