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 3, 2020

Bitcoin is seemingly stuck in no man’s land. As this outlet has covered extensively, the cryptocurrency has been caught between a crucial support and a crucial resistance; every time BTC attempts to break past $8,500 or $10,000, it is rejected. There is a growing sentiment that down will be the direction that Bitcoin eventually breaks, […]

MrBitcoin June 30, 2020

It’s been a tough past few days for Bitcoin traders. After holding ~$9,400, the cryptocurrency temporarily slipped under $9,000 on the weekend. In the process, dozens of millions of BitMEX longs were liquidated. Yet an analyst has asserted that there’s a high likelihood BTC revisits $10,500. Bitcoin then surmounting that level may lead to even […]

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 27, 2020

Bitcoin has been coiling for a breakout over the past few weeks. The cryptocurrency has traded in the low-$9,000s, stuck between heavy support at $8,500 and heavy resistance at $10,000. Soon enough, analysts have said, something will break. According to a prominent trader, Bitcoin is more likely to break this consolidation to the downside rather […]

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 23, 2020

The United States is in turmoil, and the dollar is weakening slowly, but steadily. But an economist is warning that the decline may soon kick into warp speed. If it does, what might that mean for Bitcoin? Warp Speed Dollar Decline Could Lead Bitcoin To Take The Throne The United States has long enjoyed its […]

MrBitcoin June 21, 2020

Bitcoin’s consolidation phase has persisted, with the cryptocurrency continuing to trade sideways as it hovers around $9,360 The cryptocurrency has struggled to garner any notable momentum, showing some signs of weakness as it continues trading around the lower boundary of its range It does appear that it could be poised to see further near-term weakness […]