Bullish all the way? MicroStrategy doubles down on its Bitcoin bet

There’s never a dull day when it comes to crypto as was exemplified recently when the digital asset market dipped by around 50%, eventually taking the total capitalization from its all-time high of $2.5 trillion to around $1.7 trillion.  As was expected, in the wake of all this turbulence, Michael Saylor-led business intelligence firm MicroStrategy announced that it was all set to “buy the dip” — successfully concluding its $500-million offering of secured notes. To further elaborate on the matter, per a statement released by the company, it was revealed…

Traders look for Bitcoin price daily close at $41K to confirm bullish reversal

Bitcoin started the week with a strong breakout to $40,900, but today bulls are trying to hold Bitcoin price above the $40,000 level.  As the price broke from the $31,000 to $39,000 range on June 14, traders speculated that setting a daily higher high and a close above $41,000 would set BTC up for a move to $47,000, but a lack of sustained buy volume and the much-discussed possibility of a death cross between the 50- and 200-day moving average are factors that could be keeping traders cautious. BTC/USDT daily…

Will A Large Spike In Bullish Sentiment Translate To A Bitcoin Rally?

With such a large spike in bitcoin sentiment recently, a bitcoin rally could be underway. Bitcoin has been fluctuating between $30k and $40k for a while now with no real significant movement either up or down. This has come in light of the market crash experienced over a month ago. The asset lost about 50 percent of its value and a lot of investors have had to take a step back and reevaluate their crypto positions due to this. Related Reading | Hall Of Fame Investor: Bitcoin Is In A “Bear…

Bitcoin investors more bullish than ever despite 50% price crash: survey

Despite Bitcoin (BTC) and the wider cryptocurrency market experiencing one of its worst crashes in recent memory, investors are apparently more bullish than ever regarding the future fortunes of Bitcoin and a host of altcoins. That’s according to the results of a Q2 retail investment survey conducted by crypto firm Voyager Digital, which polled 3,671 high-frequency traders on the Voyager platform. The survey’s findings revealed that 81% of respondents are more confident in the future of cryptocurrency, even after the violent price crash in April and May, which saw Bitcoin…

Bitcoin Prints Bullish Pattern, Why Dips Turn Attractive For BTC

Bitcoin price formed a base above $35,000 and started a fresh increase against the US Dollar. BTC broke the $38,000 resistance and it even traded close to $40,000. Bitcoin started a fresh increase above the $38,000 and $38,500 resistance levels. The price is currently well above $38,000 and the 100 hourly simple moving average. There was a break above a major declining channel with resistance near $36,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower, but the bulls are likely to…

Bitcoin price could hit $85K in months as indicators flip bullish — report

Bitcoin (BTC) is still below a key moving average and that is “not a bullish sign,” says a new report, but signs of a rebound have finally arrived. In its latest market update released on June 11, trading suite Decentrader highlighted three on-chain indicators calling for an imminent bullish continuation for BTC/USD. Indicators echo March 2020 aftermath Bitcoin has now spent almost a month below its 200-day moving average (DMA). This is concerning, Decentrader warns, and external factors such as geopolitical sentiment continues to weigh on sentiment. “Bitcoin has kept…

Bullish Bitcoin newsflow gives bulls a boost ahead of Friday’s $565M options expiry

On Friday, June 11, a total of $565 million in Bitcoin (BTC) options are set to expire. This is significant because the last couple of weeks have been a massive deception for bulls. After all, the price was struggling to sustain the $33,000 support. However, an unexpected bullish turn of events led to an 18.5% hike from the $31,000 low on June 8 to $38,491 today. This strong move saved the bulls because any level below $34,000 would have wiped 98% of the current call (buy) options. Who saved the…

Bullish reversal? Traders debate whether $37K BTC price is a trend reversal

The cryptocurrency market flashed bullish on June 9 as Bitcoin (BTC) price reversed course and rallied 20% to $37,500.  For the past few weeks, analysts had been debating whether or not BTC was entering a long-term bear trend and the argument has been further complicated by a mixture of positive and negative headlines including the adoption of Bitcoin (BTC) as legal tender in El Salvador and authorities in China ordering Chinese search engines to block results for searches related to the top crypto exchanges in the country.  Data from Cointelegraph Markets Pro and…

3 potential bullish catalysts for Ethereum price in June

As of June 1, Ether (ETH) has dipped by more than 40% after establishing a record high of $4,384 in May. The major move downhill in the world’s second-largest cryptocurrency by market cap has prompted many analysts to predict additional declines. For instance, Clem Chambers, chief executive of financial analytics portal ADFVN.com, sees the recent ETH/USD plunge as reminiscent of the beginning of 2018’s crypto crash that preceded a 24,000%-plus bull run. Comparing Ethereum (black) and Bitcoin (blue) bull runs in 2017-2018 and 2020-2021. Source: ADFVN Ether surged by more…

Carl Icahn Bullish Ethereum, May Invest $1.5B in Crypto

Key Takeaways Carl Icahn told Bloomberg TV that he may invest up to $1.5 billion in the cryptocurrency space. Icahn spoke about inflation of the U.S. dollar and recognized Bitcoin and Ethereum as alternative stores of value. He added that he thinks crypto “is here to stay one form or another.” Share this article Carl Icahn is weighing up a big investment in the cryptocurrency space.  Carl Icahn Talks Crypto  Billionaire investor and former crypto skeptic Carl Icahn is considering buying into cryptocurrencies.  Speaking to Bloomberg TV Thursday, the 85-year-old…