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May 04, 2021

Bitcoin Market Analysis — May 4

Bitcoin (BTC) got struck by immense volatility yesterday as the benchmark cryptocurrency dipped by over $4k after touching the $59k high. Meanwhile, Ethereum (ETH), Binance Coin (BNB), and Dogecoin (DOGE) continued to print record highs after record highs. Ethereum has been on a bullish roll for a ...

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May 02, 2021

CryptoQuant Data Suggests that Whales Kept Buying Bitcoin Through Last Month’s Dip

According to an on-chain data report from CryptoQuant, Bitcoin (BTC) whales took advantage of the April crash to stock up on BTC. Additionally, the report noted that the prospect for another upward price surge is still very likely, as traders struggle to break the $58k resistance. Following an over...

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May 02, 2021

Bitcoin (BTC/USD) Struggles Rallying Towards the $60,000 Resistance Level

Bitcoin Price Prediction – May 2BTC/USD market line has been on a rebound-moving effort since when it found support around $50,000 during an upswing correctional movement. BTC/USD MarketKey Levels:Resistance levels: $60,000, $65,000, $70,000,Support levels: $50,000, $45,000, $40,000 BTC/USD – Daily...

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April 29, 2021

US SEC Postpones Decision Date for VanEck’s Bitcoin ETF

The US Securities and Exchange Commission (SEC) has announced that its final decision on VanEck’s Bitcoin ETF proposal will suffer a 45-day delay. With this delay, the Grayscale Bitcoin Trust (GBTC) holds a monopoly on institutional investments looking for Bitcoin (BTC) exposure. Grayscale is the p...

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April 28, 2021

Bitcoin (BTC/USD) Rallies Northward Strongly Against the Resistance Level of $55,000

Bitcoin Price Prediction – April 28On the current note of recovery moving mood, the market valuation of BTC/USD has to intensify more efforts to rally past the resistance trading zone of $55,000 level to be able to continue its journey back to the north direction. BTC/USD Market Key Levels:Resistan...

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April 27, 2021

Glassnode Reports Surge in Bitcoin On-Chain Activities, as Transfer Volume Reaches Record High

Glassnode, an on-chain analytics provider, has posted a weekly activity report for the Bitcoin (BTC) network, noting that several milestones and record highs have gotten triggered for various metrics. The report suggested that the peaks in on-chain transaction volume and fees indicate that the corr...

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April 25, 2021

On-Chain Data Suggests Bitcoin’s Bullish Bias Still Intact

Despite the massive plunge suffered over the past week, on-chain data proposes that demand for Bitcoin (BTC) is still intact. The data revealed that the declining number of BTC stored on exchanges and miners’ refusal to sell their coins is indicative that the benchmark cryptocurrency could resume i...

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April 25, 2021

Bitcoin (BTC/USD) Finally Reaches Lower Support of $50,000 in a Downward Price Correction

Bitcoin Price Prediction – April 25In the aftermath of the recent downward price correction of the BTC/USD, its market valuation has lowered down to the level expected to be the final trading point of extension around the value of $50,000. BTC/USD MarketKey Levels:Resistance levels: $55,000, $60,00...

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April 22, 2021

Guggenheim Chief Investment Officer: Bitcoin to Drop to $20 – $30k Range

Scott Minerd, the Chief Investment Officer at Guggenheim Partners, has made a gloomy prediction for Bitcoin (BTC). Minerd also holds the title of chairman of Guggenheim Investments, the global asset management and investment advisory arm of Guggenheim Partners. Guggenheim Investments is responsible...

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