Bitcoin Death Cross On Monthly MACD Spells Doom For December

A bearish cross on Bitcoin’s monthly moving average convergence/divergence (MACD) indicator could spell challenging times ahead. Such crosses occur when the 26-week moving average (MA) of BTC price goes above the 12-week MA. A Cross Into Bearish Territory As pointed out in a tweet yesterday by commentator, Byzantine General, the 12-week MA fell below the 26-week […]

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Bitcoin, Crypto Markets Bounce Back as China Crackdown FUD Wanes

The correlation between any further oppression of the bitcoin and crypto industry in China and market movements appears to be crumbling. Mainstream media is still firmly behind the premise that the latest rout was a direct response to further crackdowns on the mainland, but BTC and digital assets are making gains today to suggest otherwise. […]

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Bitcoin Black Friday: Marching to $7,000 at Fast Speed

Bitcoin is crashing in real-time and nothing can stop the market from experiencing new lows. The price has finally reached its pre-Xi comments levels, though the bears are so strong that it has already broken below those levels. Bitcoin Dangerously Close to Breaking Below $7k Bitcoin has recently broken below the $7,500 level for the […]

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Bitcoin Drops Below $8K For First Time This Month, Here’s Why

Bitcoin has declined below the psychological level of $8,000 for the first time since October 25. Interestingly, the trading volume on Bitcoin futures exchange Bakkt is increasing, which suggests that institutional investors are happy to enter the market at lower prices. Bitcoin Continues the Bearish Mood Earlier on Thursday, Bitcoin dropped to $7,982, according to […]

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Bitcoin Demand Model Reveals a ‘Clear Growth Trend’ (Since 2011)

The overall chart of Bitcoin demand has shown a clear growth trend, with demand in dollar terms increasing by 2.2 times each year.  BTC Demand May Become Self-Fulfilling Prophecy The big mystery for Bitcoin is whether the reward halving would cause a significant price rally. Skeptics see the possibility as rather distant. Attached a slightly […]

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