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Is Bitcoin Still a Safe Haven Asset?

Despite what is a common belief, the leading cryptocurrency is still a safe haven asset even after its massive price drop.  According to Bloqport, the inability that bitcoin has in retaining its value over other assets has raised questions in regards to its status as a safe-haven. Despite what is probably a common belief in the world right now, the leading cryptocurrency is still a safe haven asset even after its massive price drop over this past week. At least that’s according to Bloqport, a digital assets research company. The inability that bitcoin has in retaining its value over other...

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Bitcoin Risks Further Decline As Fed Injection Fails To Restore Confidence 

Bitcoin (BTC) risks further downside as the recent FED injection of $1.5 trillion failed to restore market confidence. The S&P 500 (SPX) remains in a free fall and BTC/USD appears to be in a vulnerable position now that it has run into a key resistance. The most probable scenario here would be the beginning of another downtrend that could see the price of Bitcoin (BTC) decline below the previous low of $3.8k. For now, the probability of BTC/USD declining below $3k is quite low but things could change quickly and it would all depend on the outlook of the stock...

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Caitlin Long Comments on safe-haven narrative - can’t Judge Bitcoin on a Two Week Movement

The continuous volatility in the cryptocurrency space over the past few weeks has given rise to several uncertainties throughout the world.  Many holders of bitcoin will continue to fill their crypto portfolios whereas some others will have attempted to liquidate the assets that they are currently own. The continuous volatility in the cryptocurrency space over the past few weeks has given rise to several uncertainties throughout the world. Many holders of bitcoin will continue to fill their crypto portfolios whereas some others will have attempted to liquidate the assets that they are currently own. The safe-haven story that bitcoin has...

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Sally Ho's Technical Analysis 17 March 2020 BTC ETH

Bitcoin (BTC/USD) gained marginal ground early in today’s Asian session as the pair traded as high as the 5150.00 area after trading as low as the 4432.30 area during yesterday’s North American session.  Stops were elected below the 4860.00 and 4696.55 levels during the move lower, both of which previously represented upside price objectives related to the pair’s recent climb from the 3858.00 area.    The 5985.00 level represented an upside price objective related to buying activity that commenced around the 4860.00 area during Saturday’s Asian session.  One range that traders are carefully monitoring is the appreciation from last week’s recent...

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Is The Bitcoin Correction Over? 

Bitcoin is down more than 10% for the day. It declined more than 14% earlier and could still decline further. So, the big question is, “Is this correction over?”. The answer for the most part is, “Yes, it is over”. Please note that “over” does not mean that it cannot go down lower. The situation with stock markets across the globe is still too volatile and we could see big swings either way. However, the damage is done and the purpose is served. A lot of Bitcoin (BTC) has changed hands and there is nothing much to gain from dragging...

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