Bitcoin Price and Technical Market Analysis April 26th, 2020
Buyers can’t fix price above $7580. Breaking $7000, sellers will fundamentally change the market situation. The main fight probably will be in the range $7600-7700. Yesterday’s trading day on Bitcoin market continued consolidation in the range $7470-7580. Yesterday’s daily candle opened at the price $7508 and closed at $7538, forming pins both up and down. […]
Bitcoin Demand Surging in Argentina as National Debt Default Looms
Bitcoin volumes in Argentina are rapidly accelerating ahead of a possible default on USD 65 billion of foreign debt Bitcoin volume in Argentina in terms of Argentine Pesos (ARS) is up 1,028% since January 2018. Although a significant fraction of this Bitcoin volume increase can be explained by devaluation of the ARS, real volume has […]
Trending Bitcoin News and Market Sentiment April 26th, 2020: Facebook Gives Indian Tech Biggest-Ever FDI, Bitcoin Yet to Detach Enough from Traditional Markets to Explode During Financial Crisis
India receives largest-ever FDI in tech sector from Facebook as tech goes bullish in South Asia Bitcoin not yet detached enough from traditional markets to explode during financial crisis The weekend volumes have done little to give us any more insight into how Bitcoin price will perform over the next few weeks, with just over […]
Bitcoin HODLING Has Been Rapidly Rising Since the End of March
On-chain data indicates Bitcoin HODLING has been rising at an unprecedented rate Retail Bitcoin investors have been in a buying frenzy for weeks according to on-chain data. Specifically, data from Glassnode’s HODLER Net Position Change metric shows that Bitcoin HODLING has been rising at an unprecedented rate since the end of March. This buying frenzy […]
