Seasoned crypto enthusiasts will remember Didi Taihuttu as the man who went all-in on Bitcoin (BTC) in 2016. He sold his and his family’s possessions. camping out in the Netherlands while he waited for Bitcoin to the moon. In an interview with Cointelegraph, Taihuttu recalls how it felt to own almost nothing but Bitcoin, 6 years ago: “I don’t have any cars, motorbikes, nothing. And I’m happier than ever. And she [Taihuttu's wife] agrees! At that moment we decide to break that chain and lead by example for the kids.” He explains his realization that life is about accumulating happiness, …

The ongoing Bitcoin (BTC) price correction could continue as per almost a century-old technical analysis principle called "Elliott Wave Theory." The interim bearish outlook put forth by the Elliot Wave Theory appeared as Bitcoin tumbled below $35,000 amid the Russia-Ukraine conflict. Bitcoin wave fractal eyes repetition The theory, which divides a price cycle into two sets—one consisting of five upward-trending impulse waves and the other having three follow-up corrective waves—points to the possibility of BTC's price dropping toward $25,500 in 2022. At the core of its bearish outlook is its record of predicting cyclical tops and bottoms throughout the Bitcoin …

Order books, essentially the list of orders that a trading outlet implements to show the interest of buyers and sellers, show considerable buyer interest in the $30,000 region on large exchanges Coinbase and Binance. There is 5,000 Bitcoin sat ready to purchase down to a $30,000 price, and another 7,000 BTC down to a $28,000 price on Binance. The sell-off may not be over, but Bitcoin (BTC) buyers can take solace in the knowledge that order books in the $28,500 to $30,000 region are dense. Consequently, the price plunge due to Russia’s military operations may take a breather. Binance is …

While a bullish backdrop emerges in February, spare a thought for the traders trying to time the market. One savvy trader by the name of Samjhill on Reddit has built a trading tool that outperforms dollar-cost-averaging (DCA) for buying Bitcoin (BTC). DCA is the strategy in which investors buy a small amount regularly regardless of price fluctuations. It works in contrast to traders keen to get the lowest entry, timing the dip to perfection and avoiding “catching a falling knife.” The aptly named “Buy the Dip Bot” aims to “get the best price for a given asset by using a …

There is still room for humility and humor amidst a gloomy January for Bitcoin (BTC). A former outspoken Bitcoin critic has flipped bullish on Bitcoin after conversations with Michael Saylor, CEO of Microstrategy. What’s more, Sven Henrich, the CEO of market analysis firm NorthManTrader, made light of his change of heart retweeting a jibe from Twitter account Documenting Bitcoin. Excellent https://t.co/tAIwLWJfKv — Sven Henrich (@NorthmanTrader) January 24, 2022 Despite his previous comments that Bitcoin “fixes nothing”, Henrich has followed the crypto markets for three years. He tweeted regularly about Bitcoin price action, offering market analysis as reported by Cointelegraph. However, …

The estimated leverage ratio for Bitcoin (BTC) hit a new all-time high last night according to CryptoQuant. Further metrics point to growing leveraged interest, but liquidations have remained relatively low. According to on-chain analytics resource CryptoQuant, while the Bitcoin price fell off a cliff over the past 24 hours, the estimated leverage ratio reached 0.224, an all-time high. The metric works by dividing exchanges’ open interest by their coin reserve. The result shows how much leverage traders are using on average. A higher ratio, such as 0.22, indicates that more investors are taking high leverage risks. Conversely, lower values mean …

Bitcoin bulls continued to battle with bears near the $43,000 support level on Sept. 27 as China’s crackdown on all things cryptocurrency put a halt to last week’s positive price movements and has stifled growth into the day. According to Eric Krown, a cryptocurrency trader and host of Krown’s Crypto Cave, what comes next for Bitcoin (BTC) really “depends on what timeframe you are talking about,” but he is currently focused on the more medium- to long-term outlook. In the latest episode of “The Market Report” with Cointelegraph, the cryptocurrency trader indicated that for right now, “We are probably going …

2021 has been a wild ride for the cryptocurrency market as Bitcoin shocked its naysayers by setting a new record high at $64,863, and the DeFi and NFT sector made headlines around the world. Crypto traders need to be wary of times like these because the notoriously volatile nature of the cryptocurrency market can see vast fortunes wiped out in a matter of hours or days once the trend shifts. According to Charlie Burton, veteran trader and the co-founder of Ezeetrader, this is when it is important for every trader to have a defined set of rules that they stick …

The cryptocurrency market found itself in a state of cautious optimism on Monday after Bitcoin’s (BTC) price briefly spiked above $35,500, renewing hopes that the bull trend will resume shortly. Despite the bullish move, some analysts have warned that the failure to secure a daily close above the $35,000 resistance level is a sign that traders are simply closing positions at each breakout to resistance — a hint that further downside could be in store. According to David Puell, on-chain analyst and creator of the Puell Multiple, the indicator has just given its fifth Bitcoin buy signal in history. $BTC: …