Bitcoin – 91��ý

Crypto Market Update

Dr. Achim Klein — Sun, 01 May 2022 19:13:54 +0000

Price and sentiment have been undecided between bull and bear. Rate hikes, inflation fears and a strong dollar might drag the crypto market down. But recently sentiment has been becoming a little bullish in the last days. 91��ý's algos will keep you posted once they identify a good opportunity.

Crypto Market Analysis and 91��ý Update

Dr. Achim Klein — Fri, 25 Mar 2022 12:30:36 +0000

Bitcoin and the crypto market are fighting resistance and continue their sideways trend. 91��ý uses boring market times to develop new industry-leading quantitative investment products to deliver in our mission of making accessible hedge-fund invesment approaches for everyone.

For crypto believers: How to best buy into the crypto market?

Dr. Achim Klein — Fri, 28 Jan 2022 09:40:43 +0000

Bitcoin and the crypto market have continued their downtrend. Amid this downtrend the overall narratives and value propositions of crypto have not changed. Adoption of crypto continues to rise. Markets that look like they are going to hell mark good times for buying for the ones having the conviction and for believers with a mid-to-long-term investment horizon. We discuss ways to take advantage of cheap coins and of getting into the market safely.

Onchain-analysis suggests the bottom is close

Dr. Achim Klein — Fri, 21 Jan 2022 16:55:45 +0000

Each plunge in this downtrend has been a little less deep than the former one. That is, there is still a lot of interest in buying crypto. An often cited onchain analysis, the Entity-Adjusted Dormancy Flow, shows that a potential bottom may have been reached in the current downtrend. At least historically, its current reading has well marked market bottoms.

Understanding the Crypto Market’s Volatility

Abigail Clark — Mon, 17 Jan 2022 23:09:30 +0000

Market volatility is caused by any form of uncertainty which could influence the value of an asset. Two important drivers have been (1) shifts in regulation regarding cryptocurrencies, and (2) adoption of crypto currenices in real-world use cases. Market volatility may sound intimidating, but so long as you know how to invest properly, this volatility might end up in your favor.

Cryptos crashing: Where is the bottom?

Dr. Achim Klein — Fri, 07 Jan 2022 12:05:36 +0000

State of the market The downtrend in the crypto market has been continuing as Bitcoin has crashed through $46k support and is now at a cruicial higher time frames support level of $42k. Despite being recently stronger than Bitcoin, Ethereum also did not hold $3600 and crashed towards $3200. What caused the crash? A driver ...

Is Bitcoin back in bull mode?

Dr. Achim Klein — Fri, 24 Dec 2021 09:34:11 +0000

In this weekly Bitcoin chart, you can see that Bitcoin recaptured the 51k level and it looks like the recent downtrend since mid November might be broken. Pretty comparable to the change in trend in the end of July and end of September when the bull market resumed. Raoul Pal and others suggested that a ...

Is December a good month to buy crypto?

Dr. Achim Klein — Fri, 17 Dec 2021 19:36:48 +0000

State of the market Crypto markets keep consolidating this week and Bitcoin’s price trend is leading downwords as it still creates lower highs. However, important levels of support held so far as Bitcoin hovers still above $47k. Inflationary environment and counter measures A cruicial event this week has been the FOMC meeting, in which interest ...

Will the bears prevail in the crypto market?

Dr. Achim Klein — Fri, 10 Dec 2021 17:38:29 +0000

State of the market Bitcoin is still in a downtrend and probably is about to further consolidate throughout the rest of the year. A test of lower price levels around $42k to $43k seems possible and as long as its stays above that level, the outlook for Q1 of 2022 remains bullish. A drop to ...

Best coins for the next crypto bull run

Dr. Achim Klein — Fri, 03 Dec 2021 14:52:36 +0000

State of the market In this week, Bitcoin kept trending south, making lower highs on the chart. $56k held as support (see the blue line). But $60k could not break so far. Breaking $60k would be clearly a bullish signal. However, we are not there (yet). Thus, the market is a bit boring right now. ...

Crypto Market Crashing – When Should I Buy?

Dr. Achim Klein — Fri, 26 Nov 2021 21:53:30 +0000

State of the market After a relief rally taking Bitcoin to $59k and some altcoins showing also some nice relief rallies, we observed a hefty drop all across the crypto market today. Bitcoin erased all its relief gains and printed new lows around $53.5k. Ethereum dropped to $4k. Ethereum still looks a bit stronger than ...

How Investing in Cryptocurrencies Holds Up Against Traditional Investments

T. Okonkwo — Wed, 27 Oct 2021 20:07:48 +0000

How does investing in crypto actually compare with traditional assets? We compare investing in crypto to traditional asset classes like stocks, bonds, forex, and gold. Key differentiators are given by the inherent volatility, regulation, but also opportunities.

$64k ATH Shattered; Early Bullish Signals But Bitcoin Price Breakout Not Yet Confirmed

T. Okonkwo — Sat, 23 Oct 2021 15:38:41 +0000

The third week of Q4 sees Bitcoin finally breaking ATH and now officially going for fresh price discovery. This is a result of positive developments from the first-ever SEC-approved futures-backed Bitcoin ETF. Even though Bitcoin has charted a new ATH, It is still an early bullish signal, and not enough to fully confirm the breakout. As ...

Bitcoin Bulls Finally Zero-Out The Bears, Aims For New ATH

T. Okonkwo — Sat, 09 Oct 2021 11:57:16 +0000

Bitcoin marked its highest price climb since mid-May this week with a number of altcoins following suit. Approximately a week ago, Bitcoin struggled below $45k price but impressive gains adding up to 35% in value, this week sees Bitcoin reaching for new ATH. Q4 started on a good note when Bitcoin broke above a descending ...

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

T. Okonkwo — Sat, 17 Jul 2021 14:44:14 +0000

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 Market Analysts Divided Over Price Trajectory

T. Okonkwo — Fri, 04 Jun 2021 12:00:10 +0000

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?

T. Okonkwo — Fri, 28 May 2021 16:57:38 +0000

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?

T. Okonkwo — Fri, 21 May 2021 16:11:54 +0000

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?

T. Okonkwo — Fri, 14 May 2021 13:06:54 +0000

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 ...

Bitcoin Bull Run Finally Coming To An End?

T. Okonkwo — Fri, 07 May 2021 16:28:28 +0000

A week that sees Bitcoin trying to stage a comeback in order to catch up with spectacular price action seen in Ethereum and other altcoins. Is the Bull season over? Comedian Bill Maher Just Made Bitcoin Decidedly ‘Uncool’ The power being used right now to guess numbers and win imaginary prices is the same ...

Bitcoin To Hit 100k This Year Despite Recent Price Slump – Experts Believe

T. Okonkwo — Fri, 30 Apr 2021 12:41:16 +0000

The flagship cryptocurrency has been recovering from its recent slump of around the 46,000 range having attained ATH of $64,900 last-week. Despite recent panic, some analyst still expects six-figure Bitcoin prices this year. Pending any dramatic movement in price today, this is the first time in six years that Bitcoin will end the month of ...

Bitcoin Still To Break The 50k Resistance But Bull Rally Remains Strong On The Long-Run

T. Okonkwo — Sat, 06 Mar 2021 19:37:22 +0000

Following an unstable week of price action that has seen inconstancy in bitcoin price, bitcoin continues to show infirmity in the region of $47,600. Having failed to break past the $52,000 mark, suggesting the possibility of more downside in the short term. The world’s largest cryptocurrency, Bitcoin currently trading at $47,600 experienced a massive correction ...

Bitcoin hits $58k, sets new record high.

T. Okonkwo — Mon, 22 Feb 2021 11:33:50 +0000

Bitcoin increased about 28% in the last 7 days reaching an all time high of $58,335 in Sunday trade. Some reasons for this spike can be attributed to billionaire Elon Musk after his portfolio company Tesla invested about 1.5 billion USD and also stated that they would accept BTC as a form of payments for ...

The Ultimate Beginner’s Guide to Investing and Trading Bitcoin and Cryptocurrencies

Lyubomir Kirilov — Mon, 30 Nov 2020 14:22:22 +0000

You want to invest in the cryptocurrency market but do not know how to get started? This guide teaches you how to make the first steps in investing in Bitcoin and other cryptocurrencies.

Is Bitcoin the New Gold?

Lyubomir Kirilov — Thu, 26 Nov 2020 18:41:22 +0000

Investors around the world are becoming increasingly worried about the effects of the Covid-19 pandemic on the global economy. As the inflation raises, many people are comparing bitcoin and gold to find out which of the two is a better store of value, and which is better at fulfilling the role of a safe-haven asset ...

Bitcoin sets new record highs. Will the bull run continue?

Lyubomir Kirilov — Fri, 06 Nov 2020 13:57:01 +0000

Bitcoin is up 5% in the last 24 hours and up 15% in the last 72 hours reaching a record high of 15,9K USD – a price last seen during the bull run of 2017. A possible explanation for the recent price surge could be the increasing odds of a Democratic US president. Recent election ...

91��ý: The SCIENTIST and the deep Seas of Data

Lyubomir Kirilov — Thu, 03 Sep 2020 16:00:06 +0000

The Bull Market Compass combines knowledge from the fields of big data, sentiment analysis, and predictive analytics using methods of artificial intelligence. Our service is backed by more than 10 years of scientific experience in these fields by the founders.

Crypto News Digest May 4 – 10

Lyubomir Kirilov — Tue, 12 May 2020 21:48:57 +0000

May 4 Kyber Network Crystal (KNC) holders will soon be able to delegate their voting rights to StakeWith.US while still receiving voting rewards.

Crypto News Digest April 20-26

Lyubomir Kirilov — Sat, 02 May 2020 22:29:14 +0000

Apr. 20 Facebook is looking to hire "experts in fraud, compliance, workforce management, and customer care" to support the team at Calibra working on a digital wallet for Libra.

Crypto News Digest April 6-12

Lyubomir Kirilov — Mon, 13 Apr 2020 20:43:32 +0000

Apr. 6 Coinhouse became the first AMF registered crypto company. The Financial Markets Authority (AMF), France's financial regulator, will soon require all firms in France, which provide crypto exchange and custody services, to register with the regulator.