Traders Blog - Analysis, Strategies, News and more: Tag - Bitcoin
Bitcoin back above $30,000 – about to reverse the downtrend!
Bitcoin retreating slowed last week and the crypto major consolidated in a narrow range around $30,000. Bitcoin is currently back above $30,000 and a glance at daily chart reveals the bearish trend is about to reverse if the price breaches above $30,...
Bitcoin back below $30,000 – on its way to $20,000?
Bitcoin retreating proceeded unabated last week. Bitcoin fell to as low as $24,000 last week as Tether briefly lost its peg to US dollars. The crypto major Bitcoin recorded seven straight weeks of losses for the first time in its history. Bitcoin is...
Stablecoins and Crypto Markets
Here everything is about the trust!As is evident in the name, Stablecoins are coins with stable prices. The primary usage of these coins is in trading. Due to their stable prices, no one buys them to gain from the price increase. However, to trade an...
Bitcoin, time to buy?
29K and 40K, or 37,500 and 42K?Bitcoin price traded below $29,700 this morning before its return above 31,00 and rejected from 32,650. This means the first 3.6% fall, then a 9.75% rise from the daily low and again more than 8% discoun...
Global Economic Outlook - May 2022
Foggy economic conditions and fears of stagflationWhile we are still dealing with the Russia-Ukraine conflict, Inflation in the United States started showing some signs of muting and decline. At the beginning of the month, most central banks already...