Bitcoin Analyst: BTC’s Parabolic Rally Hints of a Pullback to $13.8k

Quick take: Bitcoin zoomed past the $17,115 resistance level like it did not exist BTC is still showing signs of bullish momentum Its parabolic nature since September points to a pullback to $13,800 However, a pullback is not guaranteed and Bitcoin could continue rising Bitcoin Analyst, MagicPoopCannon, has shared his most recent analysis of BTC in which he points out that the King of Crypto zoomed past the $17,115 resistance level like it did not exist. Furthermore, Bitcoin is showing little signs of slowing down despite exhibiting a parabolic rally…

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The Bitcoin Dragon Will Eat the Kingdom of Gold – Microstrategy CEO

Quick take: Microstrategy CEO, Michael Saylor, has compared Bitcoin to a dragon that will eventually eat the Kingdom of Gold His comments were in response to the CIO of BlackRock, talking about Bitcoin eventually replacing Gold as a store of value and a choice of investment amongst Millenials Bitcoin devouring Gold’s market cap of $9 Trillion means BTC will eventually be valued at $500k The CEO of MicroStrategy, Michael Saylor, has compared Bitcoin (BTC) to a dragon that will eventually devour gold. Mr. Saylor’s exact words were as follows. When…

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Bitcoin (BTC) Active Addresses Hit 1.19M, The Highest Since Jan. 2018

Quick take: Bitcoin’s active addresses have hit a 2 year high of 1.19 Million This amount of activity on the Bitcoin blockchain was last witnessed in January of 2018 Bitcoin has also set a 2020 peak value of $18,732 – Binance rate High chances are that Bitcoin will retest $20k this year The number of active Bitcoin (BTC) addresses has hit 1.19 million. This value is a two year high and was last witnessed in January of 2018. This feat was captured by the team at Unfolded and shared via…

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OKEx Update: Bitcoin and Crypto Withdrawals to Resume by Nov. 27th

Quick take: OKEx users will have unrestricted Bitcoin and Crypto withdrawals on or before November 27th The exchange will also launch loyalty reward campaigns to thank the OKEx community for being patient OKEx’s founder, Star Xu, has been reportedly released by Chinese authorities The value of OKB has rallied by approximately 30% since rumors started circulating of Mr. Xu’s release, erasing all losses of the past one month OKEx users can now breathe a sigh of relief as the exchange has announced that it will resume unrestricted withdrawals of Bitcoin…

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BTC Surges To $18.4k, Dumps to $17.2k as $0.8B is Liquidated in 24hrs

Quick take: Bitcoin broke the $17,100 resistance level Bitcoin then zoomed past $18k to post a 2020 high of $18,474 – Binance rate BTC soon fell hard to $17,200 The intense price action resulted in over $800 million in liquidations across the crypto markets The last 24-hours have been an exciting ride for Bitcoin (BTC) traders and investors. Late yesterday, the King of Crypto was staring at a 2-year-old resistance level at $17,100 which many thought would be the proverbial brick wall for Bitcoin. However, BTC overcame this area with…

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Bitcoin Analyst: $13,800 is Next if BTC Cannot Break $17,100

Quick take: Bitcoin analyst, MagicPoopCannon, believes that Bitcoin will ultimately challenge its previous ATH However, it has one more resistance level at the $17,100 price area If BTC does not break this resistance, it could drop back down to $13,800 Bitcoin could then bounce from $13,800 to a new all-time high Bitcoin analyst, MagicPoopCannon, has provided his most recent insight into Bitcoin’s probability of breaking its previous all-time high. According to Magic, Bitcoin (BTC) is on a path towards testing a crucial resistance area at the $17,000 level. This is…

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Grayscale Bitcoin Trust (GBTC) Share Price Rises by 63% in Q4 2020

Quick take: The share price of Grayscale Bitcoin Trust (GBTC) has increased by 63% since October 1st Grayscale continues to accumulate Bitcoin (BTC) owning approximately 2.7% of the total supply Investors who believe Bitcoin is overpriced could be buying GBTC as a long term hold The share price of the Grayscale Bitcoin Trust (GBTC) has increased by 63% in the fourth quarter of 2020. October 1st found GBTC trading at $11. At the time of writing, the same GBTC was valued at $17.96 as markets closed for the weekend on…

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Bitcoin (BTC) is in Bubble Territory – Crypto Analyst

Quick take: Timothy Peterson has pointed out that Bitcoin is in ‘bubble territory’ He further warns of a possible 20% drop in the value of BTC Bitcoin has failed to claim the $16k price area as support  A rising wedge on the 6-hour chart could mark the beginning of a possible correction Timothy Peterson of Cane Island Alternative Advisors has shared his most recent analysis of Bitcoin (BTC). According to Mr. Peterson, Bitcoin has entered ‘bubble territory’. He explained that this was due to Bitcoin’s 30-day return exceeding a set…

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Bakkt’s Bitcoin and Crypto App Opens its Doors to Early Testers

Quick take: Bakkt’s Bitcoin and Crypto app is now available to those who signed up for early access Current features include cash (USD) deposits/withdrawals and Bitcoin trading More features will be added with time Early users/testers have been requested to give feedback The Bakkt mobile app is one more giant step towards Bitcoin and crypto adoption The highly anticipated mobile app by Bakkt is now available for those who signed up for early access. Participants of the early access program were notified of the availability of the Bakkt app via…

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Bitcoin Whales Holding at Least 10k BTC Hits a 2020 Peak of 111

Quick take: The number of Bitcoin whales holding at least 10,000 BTC has reached a 2020 high of 111 Bitcoin addresses holding between 1,000 and 9,999 BTC is also high at 2,129 which is 6 addresses shy of the all-time high The impressive bags of Bitcoin whales is evidence of investor confidence Bitcoin is attempting to turn the $16k price area into support The number of Bitcoin whales holding at least 10,000 BTC is at a 2020 peak of 111. This is according to data from the team at Santiment.…

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