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Tag: price

Bitcoin price rally to $ 12K is meaningless until bulls flip it to support

On Tuesday Bitcoin ( BTC ) bulls mustered enough strength to push BTC price slightly above the $ 12K mark, a level not seen since Sept. 1. Cryptocurrency daily market performance snapshot. Source: Coin360 The move occurred after Monday's (Oct. 19) high volume surge to $ 11,822 was followed by continued buying into Tuesday, providing […]

Sharp Bitcoin price move brewing as BTC volatility falls to a 16-month low

Bitcoin ( BTC ) options aggregate open interest has increased to $ 2 billion, which is 13% below the all-time high. Although the open interest is still heavily concentrated on deribit exchange, the Chicago Mercantile Exchange (CME) has also reached $ 300 million. In simple terms, options derivatives contracts allow investors to buy protection, either […]

New stimulus checks may push Bitcoin price above $ 11K

The latest research by Cointelegraph Consulting suggests that financial stimulus packages bolster the stock market and cryptocurrencies. The first round of checks worth $ 1,200 were deposited directly into bank accounts on April 11. A week later, the CEO of Coinbase, Brian Armstrong, pointed out that the deposits in the amount of $ 1,200 on […]

Top traders go long after Bitcoin price rallies to key $ 11.5K resistance

On Oct. 7 Cointelegraph reported that top crypto traders had kept a bearish stance since mid-September and at the time the Bitcoin ( BTC ) long-to-short ratio had reached its lowest level in 10 weeks. All of this changed in a matter of hours as soon as BTC broke through the $ 11,000 resistance. Whenever […]

Bitcoin price breaks $ 11K, crypto traders optimistic about BTC’s action

The price of Bitcoin ( BTC ) has seen a recovery during the past week, surging by nearly 6.5% since Oct. 2. The resilience of the dominant cryptocurrency has traders pleasantly surprised, as many analysts anticipated a larger pullback. Following BTC's rebound above the critical $ 10,500 support level to just over $ 11,000, the […]

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