Bitcoin price has been ranging between $26,000 and $31,000 since mid-March, but analysts are increasingly calling time on the sideways action.This, it argues, is thanks to the United States“sideshow” vanishing, leaving Bitcoin closely mimicking its consolidation and breakout phase from 2020.
Then, the Federal Reserve unleashed a giant $4 trillion of liquidity, buoying risk assets and ultimately sending Bitcoin to new all-time highs. Should the relationship continue to play out, the next phase is obvious — a dramatic exit of the trading range, with QCP positioning long options plays.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘The Bitcoin Standard’ Author Becomes Economic Advisor to El Salvador’s Bitcoin Office | CoinMarketCapCryptoNews: Dr. Saifedean Ammous, renowned economist and author of 'The Bitcoin Standard,' will take on a new role as an Economic Advisor to El Salvador's Bitcoin Office. 🇸🇻
Source: CoinMarketCap - 🏆 290. / 63 Read more »
Cleanspark Bolsters Hashrate With $40.5M Purchase of 12,500 Bitcoin Miners – Mining Bitcoin NewsThe purchase is expected to raise Cleanspark's overall Bitcoin hashrate by an extra 1.76 exahash per second (EH/s).
Source: BTCTN - 🏆 531. / 51 Read more »
Bitcoin Miladys Introduces Standard for Converting Ethereum NFTs to Bitcoin Ordinals | CoinMarketCapCryptoNews: Bitcoin Miladys, a Bitcoin-based derivative of the Miladys NFT collection, has introduced the BRC-721E token standard in collaboration with Ordinals Market and Xverse. 🔥
Source: CoinMarketCap - 🏆 290. / 63 Read more »
Wealthy Investors and Family Offices Embrace BTC Following Bank Failures, Says Swan Bitcoin Executive – Bitcoin NewsLubka said wealthy investors and private offices have been gravitating towards bitcoin since the downfall of Silicon Valley Bank (SVB).
Source: BTCTN - 🏆 531. / 51 Read more »