Bitcoin Investing Blog - Page 2 of 4

Bitcoin Making A Recovery Despite Activities In China Intensifying FUD. Is 50k Level Next?

2021-09-272021-09-27 by T. Okonkwo

Last week was dominated by fear and uncertainty in the crypto market, as Bitcoin took a major dip, dropping to as low as $39,600 and breaching the $40k support levels. Though Bitcoin quickly bounced and is trading at over $42k at the time of putting this article together, the crypto market has been left in …

The Stage Is Set For Another Bull-Run As Golden Cross Takes Place, $50k Retest Loading?

2021-09-18 by T. Okonkwo

Stage Is Set as Golden Cross occurs - cryptocaptain

A recent price surge of the digital currency giant led to the formation of the Golden Cross a phenomenon known to historically trigger the price surge of Bitcoin. As investors are anticipating a reoccurrence of Bitcoin price increase, could the Golden Cross propel yet another bull-run? The Golden Cross, a phenomenon known to have historically …

Bitcoin Consolidating As Price Stands Still

2021-09-11 by T. Okonkwo

Having failed to breach $47,000, Bitcoin went through a rollercoaster this week following a price slump from over a 4-months high of around $52K on the day El Salvador official made Bitcoin a legal tender in the country. Though BTC recovered several thousand, it has failed to breach $47k since then. BTC lost over $10k …

Bitcoin Overcomes $50k Price; Is The 60k Psychological Levels Next?

2021-09-072021-09-03 by T. Okonkwo

Having made an inter-day push above the 50k critical level yesterday, Bitcoin is finally seen to be making a fresh attempt to go above the 50k price mark, a feat the crypto giant achieved on the 23rd August but became choppy ever since until today. While some investors remain doubtful if Bitcoin will maintain or …

Latest Bitcoin Correction: A Bear Surge or Just Another Healthy Correction

2021-08-27 by T. Okonkwo

A week of euphoria for crypto traders and Bitcoin enthusiasts turned to one of mixed feelings after Bitcoin bulls attempt to go beyond $50k for the first time in over 3 months was met with rejection. With short-term technicals turning bearish, traders are left wondering if this is a healthy correction. Bitcoin lost over $3k …

Bitcoin Prints More Bullish Pulse: $50k Incoming?

2021-08-212021-08-20 by T. Okonkwo

BTC/USD price bounces off a key moving average, prompting altcoin prices to soar. Bitcoin has shown significant signs of strength this week and might just hit $50k this week. BTC has printed a more bullish pulse this week, picking up patterns similar to April’s ATH. Will the improved momentum mid-time frame chart signal a full-scale …

Bitcoin Aiming To Pierce Through To $50k Levels But Near-Term Correction Is Likely As Bearish Divergence Is Formed

2021-08-13 by T. Okonkwo

Bitcoin Pierce New Levels - Crypto captain

Bitcoin Bulls have been having a great go in the past few days as its latest upward trend sees Bitcoin taps a three months high this week. Amid regulation controversies from the US government on taxation, the Bulls are shining but bearish divergence is seen to have formed, and short-term correction looms. Having backtested the …

Crypto Market Sees A $100 Billion Boost In Market Cap As Bitcoin Surges Past $40,000

2021-08-062021-08-06 by T. Okonkwo

The start of the week did not go all well for the cryptocurrency powerhouse as Bitcoin dropped from $40k it attained the previous week. Having attained two months high of $42k, Bitcoin dropped to a week’s low of $37,271k on Thursday. With a BTC rally reclaiming the $40k mark, the Crypto market cap has grown …

Pro Traders Tread The Cautious Path As Bitcoin Rally Scatters Bearish Sentiment

2021-07-312021-07-30 by T. Okonkwo

Having broken a descending wedge pattern, Bitcoin surged up to an impressive 22% increase this week. The crypto giant reached its highest since June 15 this week. With a good surge in price, no doubt the bear was attacked but the bear sentiment remains strong prompting pro-traders to maintain an overall cautious outlook. After enduring …

Bitcoin Approaches A Strongly Bearish Territory; Will Investors Be Tempted To Sell Their Crypto Assets?

2021-07-242021-07-23 by T. Okonkwo

Cryptocurrency giant Bitcoin is seen to make moves towards a strong bear territory. As bear market lingers, traders are promoted to slam-down bullish arguments. Will Bitcoin test even lower price levels in the coming weeks? As Bitcoin appears to be in a strongly bearish territory, investors will be making more sell moves to buy later …

Bitcoin Once Again At The Most Critical Level In The Short-Term

2021-07-182021-07-17 by T. Okonkwo

The flagship cryptocurrency, Bitcoin, continues to struggle this week as the asset dropped to a 19-day low of just over $31,000. Altcoins suffer a downtrend as well, with ETH below $2,000, DOGE dumping beneath $0.20, and some losing a substantial amount of value. The past week has shown more bearish than bullish signs. BTC fellby …

Bitcoin May Be Ready For A Show Of Robustness, But Which Direction Will It Break

2021-07-092021-07-09 by T. Okonkwo

Having lost 6% of its value in the last 48 hours, Bitcoin is currently trading at around $32,900 region. The fall in value was as a result of decreasing amounts of trading volume. Over the past weeks, the Bulls have appeared weaker having put its buying power into support yet still failing to produce any …

Bitcoin Tipped To Enjoy A Positive Turn Around In The Third Quarter of 2021

2021-07-02 by T. Okonkwo

Bitcoin closed its worst trading quarter in three years with a 41% decline. As bitcoin continues with its price slumps we see the primary cryptocurrency retrace to a little over $33,000 this week. Having attained a 12-day high of $36,400 Bitcoin has experienced an over $2,000 wipe in gains in the past 48hours. The impact …

Bearish Bitcoin Market To Be A Short-lived Phenomena As Positive Signals Prevails

2021-06-262021-06-25 by T. Okonkwo

With majority of the cryptocurrencies trading in red, this has been yet again another rollercoaster week for digital currencies. With Bitcoin down a steep 11.7% this week and currently trading beneath $34,000 despite negative fundamental news coming from China. BTC recovering having dipped to around $28,000 shows that demand remains strongly bullish. UN Perceives Blockchain …

Cleaner Energy To Help Revive Bitcoin Bull-Run?

2021-06-19 by T. Okonkwo

Yet another week of Bitcoin enacting it’s dominance in the crypto world having managed to pull a bit up above the $37k region but seem to be ending the week in the red in a week it attained a high of around $40k. Will cleaner energy boost adoption of Bitcoin? BTC/USD Weekly Chart. Source: Blockchain.com …

The Return of Bitcoin Bull Market: Will Governments Eventually Defeat Bitcoin?

2021-06-11 by T. Okonkwo

Bitcoin has continued to make moves to recover recent losses having reached a week high of $38,500. In a week that sees most altcoin failing to produce gains, Bitcoin dominance is booming. Will Government regulations make or mar Bitcoin? After falling to as low as $31,000 on Tuesday, Bitcoin started to reclaim its lost ground …

Bitcoin Market Analysts Divided Over Price Trajectory

2021-06-042021-06-04 by T. Okonkwo

Yet another choppy week of price action in the crypto sphere. With Bitcoin down by about 4.7% this week, having tested a resistance at $40,760 last week. Analyst remain divided over short and intermediate term trajectory of the cryptocurrency giant. Bloomberg Analyst: Bitcoin more likely to hit $100K than $20K in 2021 Bloomberg senior commodity …

Market Analysis: Is Bitcoin Headed For Further Crash?

2021-05-28 by T. Okonkwo

Yet another week of indecisive price action as Bitcoin was unable to reclaim the $40k levels. Traders remain extremely cautious following last week’s brutal sell-off, but on-chain data is beginning to signal increasingly bullish activity. The past week hasn’t gone in favour of the bulls as the price of Bitcoin is down about 9%, currently …

Bitcoin: Is This The End?

2021-05-21 by T. Okonkwo

Bitcoin has seen a shaky week in which the price is down by over 20%. The cryptocurrency giant alongside almost all altcoins experienced a bloodbath, with Bitcoin retesting the $30k support. Is bitcoin in for full recovery or is the bull market over? Elon Musk May Have Just Hinted An Offload Of Tesla’s Bitcoin Holding …

Bitcoin: Sell Season?

2021-05-142021-05-14 by T. Okonkwo

Bitcoin, the digital currency giant started off to a good start this week but took a sharp drop trend following news that Tesla suspended accepting BTC as payments for their electric vehicles. A sea of reds for the crypto world at some point this week. The question now is, is it time to buy or …