Tag: The Daily Hodl

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But as we can see from December 2018 to the current top in 2021 in November, it’s basically been a 22x return. The analyst and trader says that for Bitcoin to reach a $1,000,000 price, the flagship crypto asset needs to overcome challenges such as severing its tie to equities. …Read the full story

The trader goes on to highlight the $41,000 to $42,000 price range as being of interest to high-time frame investors. At time of writing, Bitcoin is trading sideways at $41,244. …Read the full story

We saw the big sell-off in summertime 2021 and right now, we had a huge dollar index rally and this is the third one of its kind over the last five years. …Read the full story

The top-ranked crypto asset by market cap reached as high as $46,900 at the beginning of April before a dip to the current sideways trading levels. Convex, which offers no withdrawal or minimum performance fees, rewards liquidity providers and Curve stakers on the Curve Finance exchange. …Read the full story

In contrast to the whale’s relatively active trading strategy, Cowen notes that the majority of the richest Bitcoin wallets tend to buy only on occasion, usually after large corrections. “The reason why I keep watching these wallets is, man it’d be nice to see them buying again. …Read the full story

According to the Glassnode co-founders, the macroeconomic landscape looks shaky after the Federal Reserve announced the tapering of its balance sheet to the tune of $95 billion per month in an effort to combat persistent inflation. Despite the bleak macroeconomic picture, Allemann says that BTC continues to show signs of on-chain strength. …Read the full […]

“There have been a couple of times where we’ve seen a similar type of price action. With Bitcoin forming a pattern that has historically led to major trend reversals, Cowen looks at what could be next for the leading crypto asset by market cap. …Read the full story

Clemente also highlights one on-chain metric that shows the tendency of market participants to hold on to their BTC troves. …Read the full story

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“I am always keen to find new ways to connect with my fans across the world. …Read the full story

It’s why people in times of inflation are drawn to gold or silver or real estate or commodities, other hard assets as hedges to inflation. …Read the full story

“In the next six months, very uncertain because historically, if you look at rising and falling PMI environments, most of Bitcoin’s bull run activity occurs during rising PMI environments. “I’m kind of neutral over the next six months. …Read the full story

Then we are probably going to sweep the lows towards $32,000 to maybe even $29,000 to make a bullish diverge on higher time frames and to have that downwards drop. …Read the full story

With the current political turmoil in Europe and the inverted yield curve, it is indeed challenging to define the short-term trend of Bitcoin – so, there could be volatility in the price action associated with the looming crisis. The foremost factor affecting MPI is the total amount of coins sent from the affiliated miners’ wallets, […]

All-time highs are not that far from where we are, it’s $67,000. So when Terra is buying Bitcoin or other people are buying Bitcoin, those are movements inside of the crypto community. …Read the full story

In the shorter term, the analyst doesn’t discount a tagging of new local lows. For those long-term bullish on Bitcoin, the analyst says that a downward capitulation might be ideal in order to reset important indicators such as the moving average convergence divergence . …Read the full story

That’s what we really want to look for. …Read the full story

“Global growth will decline on higher commodity prices driven by the continuation and possible escalation of the Russia/Ukraine war. Even though some of these coins are already down 75% from their all-time high, I don’t believe even they can escape the coming crypto carnage. …Read the full story