Binance, the world’s largest crypto exchange, recently published a report through its research department that claims that the cryptocurrency market has more than likely already bottomed. How do you know when a market has bottomed out?@BinanceResearch shares its in-depth observations from investigating cryptoasset cycles.https://t.co/8lL9QlJhON — Binance (@binance) April 13, 2019 In the report titled “Investigating […]
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Bitcoin Price Flirts with Breakout But May Not Yet Have Bottomed
The bitcoin price on Sunday surged as high as 7.28 percent against the US dollar ahead of the US session. The BTC/USD rate is trading at 4158-fiat at press time. The pair is almost completing the formation of an inverse head and shoulder pattern. Its neckline appears more like a near-term falling trendline, capping the
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Bitcoin Price Surges 15% in Rebound Action — Has It Bottomed Already?
The bitcoin price on Wednesday saw the arrival of bulls as it surged 15 percent in an impressive rebound action. The BTC/USD index opened at 3776-fiat while continuing the upside action of the previous day. It kept forming higher highs, eventually setting its daily peak at 4350-fiat as the US trading session came into play.
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Bottomed? Bitcoin is Quieter Than Ever with Lack of Volatility: A Good Sign?
The cryptocurrency markets have made headlines for their volatility, which has caused wild price swings, which has led to opportunities for a tremendous amount of both profit and loss. However, that does seem to be changing, as the most well-known digital currency in the world seems to be going through a quiet phase. Specifically, Bitcoin
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Bitcoin Price Has Bottomed, According to Barry Silbert
Bitcoin price has found its bottom, according to early Bitcoin investor and Founder & CEO of Digital Currency Group, Barry Silbert.
What Caused the Spike?
Bitcoin price 00 saw an unprecedented rise July 17, spiking with more than 10 percent in around 45 minutes.
Speaking on CNBC’s Fast Money, Bitcoin advocate Barry Silbert associates the increase with the fact that a lot of people were actually looking for a bottom which, according to him, is already in.
82% Of Institutional Investors ‘Believe Bitcoin Has Bottomed,’ Fundstrat Survey Finds
Fundstrat Global Advisors cofounder Tom Lee has revealed traditional finance strongly favors cryptocurrency after a personal survey convinced him “big money” will soon enter the market.
Lee: Results Are ‘Leading Indicator’ For Crypto Capital Influx
Uploading the results of a questionnaire he delivered to invitees of a small gathering April 23, Lee, who is famous for his positive Bitcoin price outlook, said the “small group” of institutional investors “believe BTC has bottomed.”
Attending were a crypto and traditional macro hedge funds, players Lee described as “long-only.”
“We see this as a leading indicator for inflows of big money into Crypto,” he commented.
Google Trends Data Suggests Bitcoin Price May Have Bottomed Out
The latest Google Trends data suggests that the downward trend in Bitcoin price may have found a bottom and could be reversing to the upside.
Google Trends: A Harbinger for Bitcoin Price?
Bitcoin price hit its all time high in mid-December, touching $ 20,000 USD. Thus, it will come as no surprise that the amount of people searching for ‘Bitcoin’ on Google also peaked at the exact same time.
Trends data is an anonymous, categorized, and unbiased sample of Google search data. It tracks trillions of searches per year , making it one of the most useful, real-time data indicators of human interest by region and category.