Bitcoin Price Profits 153% on Average After 30% Drops, Buys Ahead: Analyst

By CCN: Throughout the past three years, the bitcoin price has demonstrated relatively large pullbacks averaging 30 percent following a large upside rally. $BTC 30%+ pullback coming? Yes, eventually. If history repeats, there should be plenty of strong pullbacks on the way to next peak ATH There were at least nine 30%+ pullbacks from last […]

Predictable Bitcoin Drop Snowballs to Major Cryptos Plunging 7%

By CCN: In the last 24 hours, the bitcoin price has dropped by around four percent against the U.S. dollar, leading major crypto assets such as ethereum, bitcoin cash, and XRP to drop by more than seven percent. The anticipated pullback of both bitcoin and the rest of the crypto market comes after technical analysts […]

Bitcoin Price Roars Loud but Could Quickly Unravel to 30% Plunge: Analyst

By CCN: Josh Rager, a cryptocurrency trader and technical analyst, expects a healthy pullback for bitcoin based on the historical performance of the asset in the past three years. Since 2016, the bitcoin price has tended to correct by 30 to 40 percent following a strong short-term rally. The bitcoin price is up nearly $3,000 […]

Bitcoin Price Blitzed $20,000, 13 Days After it Last Closed at $8,300; Déjà Vu?

By CCN: Year-to-date, the bitcoin price has surged by 113 percent in a stunning recovery, achieving $8,000 in merely six months after plunging to $3,150 in December 2018. Although bitcoin experienced extreme volatility in recent days, it’s up significantly in 1 month (source: coinmarketcap.com) As said by Thomas Lee, a co-founder at Fundstrat Global, bitcoin […]

Bitcoin Beats Other Cryptos in ‘Smarter’ Bull Market, Says Billionaire Investor

By CCN: Mike Novogratz, the billionaire CEO of Galaxy Capital and a former hedge fund manager at Fortress Investment Group, believes alternative cryptocurrencies, or altcoins, will be outperformed by bitcoin in the bull market. Not this time. Market getting smarter. $btc will outperform. — Michael Novogratz (@novogratz) May 19, 2019 The statement of Novogratz comes […]

$25,000 Bitcoin Price Next for Perma-Bull Lee after Ringing Crypto Winter Dead

By CCN: Fundstrat CEO Tom Lee says the ‘crypto winter’ is finally over, offering 13 solid reasons to back up his claim. According to the bitcoin perma-bull, there’s nothing but blue sky between here and his $25,000 price prediction. If he’s right, then bitcoin has bottomed for this cycle and we have now entered a […]

Bitcoin Price Hits All-Time Highs in These Countries, Thanks to Crippling Fiat

By CCN: If you thought bitcoin’s recovery to $8,000 was impressive, take a look at these charts below. While most traders are focused on bitcoin’s price in dollars, the recent surge has propelled bitcoin to all-time highs in Argentina and Sudan’s local currencies. Even if you bought the top of 2017’s bitcoin bubble in Argentine […]

JPMorgan Tries Fear-Mongering in Attempt to Sabotage Bitcoin Price Rally

By CCN: JPMorgan doesn’t love bitcoin. The bank – the United States’ biggest financial institution by assets – has been historically pessimistic about the flagship cryptocurrency, so just when bitcoin prices started going through the roof, it decided to crash the party with a dire warning. #Bitcoin prices diverge from intrinsic value, carrying echoes of […]

Bitcoin Price Skyrockets to 2nd-Best Quarter in 5 Years; Record High Next?

By CCN: Bitcoin price is on track to having its second-best quarter since 2014 with a 92 percent gain within two months if it remains above $8,000 by the end of June. Since April 1, in about a month and a half, the bitcoin price has increased from $4,100 to $8,000, by nearly two-fold against […]

Bitcoin Surged 10x After 2016 Halving; Will 2020 See a Similar Result?

By CCN: In about every four years, the Bitcoin blockchain network experiences a block reward halving, a mechanism that reduces the rate in which new bitcoin is generated or mined by miners. The block reward halving has typically served as a key fundamental factor behind the dominant cryptocurrency’s major rallies. Price one year before first […]