Analysis

MrBitcoin July 7, 2020

Bitcoin futures have seen a rising premium over spot BTC in recent months, which seems to indicate that traders are bullish on the benchmark cryptocurrency. This premium is particularly clear while looking towards the CME – which seems to indicate that professional traders and institutions are particularly bullish on BTC at the present moment. This […]

MrBitcoin July 2, 2020

Ethereum is holding strong above the $225 support level against the US Dollar. ETH is slowly rising and it is likely to continue higher towards $235 and $240. Ethereum is following a bullish path and it recently spiked above the $230 resistance level. The price could correct a few points, but the $228 and $225 […]

MrBitcoin June 29, 2020

The number of Bitcoin that has not moved in over 12 months achieved a new all-time high. The statistic indicates investors are confident in the long-term trend of BTC. Dan Held, who leads business development at a top U.S. Bitcoin exchange Kraken, said: “61% of Bitcoin hasn’t moved in over a year. That’s an all-time […]

MrBitcoin June 26, 2020

Bitcoin price is eyeing a breakout towards $13,000, according to Bloomberg analyst Mike McGlone. The senior commodity strategist stated that the cryptocurrency’s declining volatility is making it a digital version of gold. He also highlighted BTCUSD trading inside a bullish technical structure. Could Bitcoin price break above $10,500, a technical resistance it has repeatedly failed […]

MrBitcoin June 5, 2020

Bitcoin is recovering and showing positive signs above the $9,700 level against the US Dollar. BTC price is likely to accelerate higher above $10,000 as long as it is above the 100 hourly SMA. Bitcoin is correcting higher and it recently cleared the $9,740 resistance zone. The price even broke the $9,800 level and it […]

MrBitcoin June 2, 2020

Bitcoin leaped over $10,000 in Monday trade as a weakening dollar sentiment sent risky assets higher. The cryptocurrency corrected lower in the early morning Tuesday but signaled strength amid an optimistic macro outlook. Top analysts further predicted the rally to continue, with popular crypto commentator, Ivan Liljeqvist, forecasting a $20,000 price prediction. Bitcoin was among the […]

MrBitcoin May 9, 2020

Since the $3,700 lows, Bitcoin has roared higher, crossing above resistance after resistance in succession. Just recently, BTC tapped $10,000. Although impressive, a top analyst expects for the cryptocurrency to head even higher, citing three “solid” tailwinds for this market. Bitcoin’s Macro Tailwinds Are Growing There’s a confluence of four fundamental factors that indicate Bitcoin’s […]

MrBitcoin May 5, 2020

Ethereum stayed strong above the main $200 support zone against the US Dollar. ETH price is struggling and it must surpass the $210 level to start a decent upward move. Ethereum is currently consolidating in a broad range above the $200 zone. The price is currently facing a couple of short term hurdles near the […]