Bitcoin price breaks $11K, crypto traders optimistic about BTC’s action
This post was originally published on this siteThis post was originally published on this siteThe 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 […]
Why traders expect ‘boring’ Bitcoin and altcoin price action until 2021
This post was originally published on this siteThis post was originally published on this siteBitcoin (BTC) price has been stuck in a range for weeks now but traders generally expect a slow fourth quarter for the top-ranked digital asset. Bitcoin quarterly returns (%). Source: Skew.com In 2018 and 2019 Q4 closed net negative, injecting a bit of bearish sentiment into the market. […]
Bitcoin Futures Traders Bet on Bullish Price Action, but Not Too Fast
Bitcoin (BTC) futures trading has been on a high since July 21 with both the Chicago Mercantile Exchange and Bakkt seeing sizeable increases in volume and open interest for their contracts. This resurgence in BTC futures comes as the spot market value of the largest crypto by market capitalization reached a new 2020 high. Two […]
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However, it looks like Bakkt is making a comeback. Ecoinometrics, a Bitcoin analysis company, stated that Bitcoin’s recent price action is “inspiring” Bakkt’s traders. #Bakkt #Bitcoin Futures Jun. 02, 2020. Wow! Check out that big rise in open interest! Apparently the price action is inspiring traders on Bakkt… As of April 26, 2018, 1 bitcoin price has a worth of $7427. $7427 x 12.5 = $92,837.5. Now you know why we call it mining. The analogy is that you are mining new bitcoins. This is why people invest in mining rigs so they can be the first one to solve the transaction and be added to the blockchain ledger. How To Trade Bitcoins and Crptocurrency? To trade bitcoins or cyrptocurrencies you need to ... Bitcoin price breaks $11K, crypto traders optimistic about BTC’s action. October 09, 2020 @ 15:51 +03:00. Factors behind BTC’s recovery There are several key factors that aided the recovery of Bitcoin from the initial drop below $10,500. First, the U.S. dollar has declined in the past 14 days, indirectly causing BTC and gold to rally. Second, the news around Square’s $50 million Bitcoin ... Price Action Tracker is a real time Price Action scanner, it instantly finds all occurrences of your favourites price action on Bitcoin to bring you the best trading opportunities! Disclaimer: We are not financial advisors. Read our full disclaimer for more information. Share with fellow traders. Trading financial instruments, including Stocks, Futures, Forex or Options on margin, carries a ... Bitcoin Options Traders Bet the Price of BTC Can Touch $36K by December This past weekend, data shows the most active bitcoin options contracts were calls for $28k, $32k, and $36k by the year’s end.
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