Bitcoin’s Role as ‘Digital Gold’ Will Aid Further Demand, Traders Say

2023-11-7 13:41

Traders continue to point out bitcoin’s supposed role as ‘digital gold,’ amid economic headwinds in the U.S., as a possible price catalyst.

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Bitcoin Traders Count Losses As Total Liquidations Approach $300 Million

Bitcoin (BTC) traders have experienced a tough week as the cryptocurrency dipped below $30,000, causing panic among traders who shorted Bitcoin in the hope of the asset’s price moving upwards.   According to data provider Coinglass, many traders are counting their losses, and a record of approximately 87,977 traders have liquidated over the past 24 hours, totaling $291 million and counting.

2023-4-20 07:20


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Bearish or Bullish? Bitcoin Traders Argue Over Death Cross Outcome

On Saturday, cryptocurrency analysts and traders have been discussing bitcoin’s recent chart patterns and the infamous death cross pattern has been a topical conversation. A number of traders believe when bitcoin’s short-term moving average (MA) dips below the long-term MA, the crypto asset could be bracing for a major sell-off. Meanwhile, others are sure the […]

2021-6-21 18:00


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Calling Tops and Bottoms: 2020’s Most Popular Bitcoin Traders and Analysts

Bitcoin and cryptocurrency trading is quite popular these days. With the price upswings and volatility in 2020, crypto traders have made and lost a lot of money. In the last few years, a number of digital currency enthusiasts have been attracted to professional traders and analysts routinely publishing technical analysis (TA) online.

2020-11-16 21:35


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Institutional Traders are Shorting Bitcoin Now More Than Ever Before

Institutional traders are growing incredibly bearish on Bitcoin, widely betting that its price is poised to see a strong near-term pullback This sentiment is a far depart from that seen by retail traders, which are more bullish than ever on the cryptocurrency This data comes from the latest Commitment of Traders Report, which details an interesting trend in the dynamic between retail investors and so-called “smart money” From a technical and fundamental standpoint, there are […]

2020-8-23 19:00


Bitcoin Leaves Traders In Speculation, Struggles To Maintain The $6,000 Mark

The big bull has been navigating in highs and lows in the last seven days, leaving traders perplexed about when and if Bitcoin will hit a steady trading price mark in the month of November. Although analysts and traders have stayed hopeful, holding strongly to the belief that the bull is not likely to fall […] The post Bitcoin Leaves Traders In Speculation, Struggles To Maintain The $6,000 Mark appeared first on ZyCrypto.

2018-11-11 00:41