Bitcoin Rally

Bitcoin ‘Whale Clusters’ Show $14K as Pivotal for BTC Price Bull Run

Source Node: https://cointelegraph.com/news/bitcoin-whale-clusters-show-14k-as-pivotal-for-btc-price-bull-run
Time Stamp: August 16, 2020 8:35 AM - Modified On: May 21, 2021 - Published By:
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David Puell, an on-chain analyst, laid out several key data points on Aug. 16 based on the past 4-year cycle of Bitcoin (BTC). Data show that the $14,000 level is a crucial price point for Bitcoin due to whale clusters.According to Puell, whale clusters show many large buyers bought in the $9,000 to $12,000 range. Whales that bought at $9,000 are seeing relatively high profits, and those that bought the top are at a breakeven point.The clusters could result in a volatile price action where buyers and sellers aggressively try

Boom! Kraken Predicts Imminent Bitcoin Price Rally of Up to 200%

Source Node: https://cointelegraph.com/news/boom-kraken-predicts-imminent-bitcoin-price-rally-of-up-to-200
Time Stamp: August 13, 2020 1:33 AM - Modified On: May 21, 2021 - Published By:
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Major U.S.-based crypto exchange Kraken has released a report predicting that Bitcoin (BTC) will rally by between 50% and 200% in the coming months.The report notes that Bitcoin posted a 21-month low for volatility on July 24 of just 23%, and stated that BTC’s 12 historic volatility lows (of between 15% and 30%) have typically been followed by a rally of 140% on average.With August usually the third-most volatile month for BTC price fluctuations, Kraken is predicting that upward momentum produced by Bitcoin at the end of July will continue

Bitcoin Whales Are Accumulating More Than 50,000 BTC Every Month: Report

Source Node: https://cryptopotato.com/bitcoin-whales-are-accumulating-more-than-50000-btc-every-month-report/
Time Stamp: August 1, 2020 7:11 AM - Modified On: May 21, 2021 - Published By:
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The latest data suggests that Bitcoin’s recent bullish stint has excited large scale investors. Whales have been accumulating copious amounts of BTC in anticipation of a larger rally. Also, there’s an almost 38 percent increment in Bitcoin addresses holding more than $1 million worth of BTC.Bitcoin Hodler Net Position Change Remains PositiveData from on-chain analysis and crypto market insights provider, Glassnode suggests that Bitcoin’s recent rally hasn’t induced much of a selling reaction from long-term investors.Bigshot market participants are holding tight and eagerly waiting to reap greater profits from further

There’s More To Bitcoin’s Rally Than Just Inflation Fears

Source Node: https://medium.com/the-capital/theres-more-to-bitcoin-s-rally-than-just-inflation-fears-418c7b168753?source=rss-------8-----------------cryptocurrency
Time Stamp: August 1, 2020 12:15 AM - Modified On: May 21, 2021 - Published By:
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While some analysts are pointing to inflation fears to explain bitcoin’s recent rally, there are so many other factors at play that affect the cryptocurrency’s rise.Neil Johnston was a creature of habit, and it was one of the things which his wife of twenty-four years Dorothy, both loved and loathed about him. While Dorothy appreciated Neil’s dependability, she was wondering if things were getting a little stale.So naturally Dorothy grew a little worried when Neil, who would walk through the door almost like clockwork at 7 pm every evening for