Bitcoin
Bitcoin Price ‘Bull Cross’ Points to Positive Market Shift
A much-followed bitcoin price indicator has turned bullish for the first time in seven months, indicating a trend change in the market.
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A much-followed bitcoin price indicator has turned bullish for the first time in seven months, indicating a trend change in the market.
The total trading volume in the cryptocurrency market recorded yesterday reached a its highest amount since April 25, 2018.
Bitcoin could revisit December highs above $4,200 in the near-term as the recent rally is backed by a surge in trading volumes.
There are two bitcoin ETFs under review by the SEC, after the VanEck/SolidX proposal was published in the Federal Register Wednesday.
The VanEck/SolidX bitcoin ETF proposal is slated for publication in the Federal Register tomorrow, giving the SEC 45 days to approve, reject or extend a decision on it.
The amount of money allocated to short bets against bitcoin fell to a more than 6-month low today.
Bullish bets on bitcoin, the world’s largest cryptocurrency by value, reached 11-month highs on Monday.
Bitcoin’s high-volume move to one-month highs could be the start of a stronger rally to above key resistance near $3,760.
Identifying speculative bubbles or bearish exhaustion may be possible through the use of a fairly new metric known as the Mayer Multiple.
Bitcoin’s six days in the doldrums has weakened the bull case in the short term, leaving a target of $3,700 for a resumed rally.