Evidence shows that whales are buying the massive bitcoin dip. Bitcoin’s digital gold narrative was crushed in the recent selloff. If whales are indeed buying the dip, bitcoin can eventually regain its digital gold status. Bitcoin has wiped out many traders over the last few days. The intense selloffs coupled with extreme volatility are shaking weak hands out. We know this because the average lifespan of coins that moved in March is around one month. This suggests that those who bought between January and February this year have capitulated. Glassnode data scientist providing critical onchain data. | Source: TwitterThe question now is who’s buying this massive dip? Evidence suggests that whales once again gobbling BTC at rock bottom prices. Their buying activity can reignite bitcoin’s

Advertisement Bitcoin plunged by nearly 40% in the last 24 hours. The brutal stock market selloff is killing other asset classes. Bitcoin’s safe-haven and uncorrelated asset narratives have been thrown out of the window. Bitcoin has a history of heart-stopping volatility but they all pale in comparison to what happened in the last 24 hours. The king cryptocurrency bowed down to macro forces as it lost nearly 40% of its value in yesterday’s trading. The last time something similar happened was back in 2013 when bitcoin plummeted by close to 50% in a day. BTC crashing harder that it has in seven years | Source: TwitterVirtually no one has foreseen yesterday’s drop considering that bitcoin has made tremendous leaps in fundamentals. However, one must also take into account that the entire

Bitcoin’s golden cross is a sign that a strong bull market is likely on the horizon. Statistics reveal that bitcoin may post a new all-time high in six months. Analysts believe that a new all-time high this year is definitely possible. Bitcoin is in the midst of a disbelief rally. The largest cryptocurrency has breached psychological resistance at $10,000 and is up over 41% year-to-date. Above $10,000, there’s very little stopping BTC from printing new all-time highs. Bitcoin has two major resistances to break before hitting all-time high. | Source: TradingViewThe good news for the bulls is that history is on their side. There have been crucial developments over the last few weeks indicating that bitcoin may skyrocket above $20,000 before 2020 expires. Golden Cross Indicates a Strong Bull

Crypto enthusiasts are still divided on whether the halving is already priced in.
Google Trends data reveal that the search term “bitcoin halving” is gaining traction.
Analysts believe that bitcoin will soar after the halving generates media hype.
The highly-anticipated bitcoin halving is months away and many traders are still undecided whether the event is priced in or not.
To provide some context, the top cryptocurrency is up by over 50% from the 2019 bottom. In the previous two halvings, bitcoin soared by at least 2,902%. It’s very unlikely that the reduction of mining rewards by half is priced in.
Pomp is convinced that the halving is not priced in. | Source: TwitterThe hype over the halving is accelerating as Google Trends data reveal that the topic is just

Entire accounts were wiped out as XRP/USD on the Bitmex exchange tanked.
Bitmex is not compensating traders whose stops were not executed.
The Crypto Twitter community chimes in on the shocking development.
Bitmex is once again grabbing headlines for all the wrong reasons.
One of its newest products, the XRP/USD Perpetual Quanto Swap Contract, lost more than half of its value in a blink of an eye. The asset nosedived from $0.32 to $0.14 in one five-minute candle.
The frantic downswing liquidated countless traders. Some of them took to Twitter to express their disgust and frustration over the crypto derivative trading platform. One trader even claimed that his stop loss failed to trigger, thereby liquidating all his crypto holdings. Bitmex won’t be compensating him

The growing U.S. workforce and retirement of the boomers will force the Fed to double its balance sheet.
The expansion of the Fed’s balance sheet will lead to low or even negative yields.
These conditions will drive investors to seek assets that are scarce and bitcoin is the number one candidate.
By now, it’s no longer a secret that the Federal Reserve is responsible for pushing the stock market into all-time highs.
The Fed continues to pump billions into the financial system as it grew its balance sheet from $3.7 trillion to nearly $4.2 trillion in a matter of months. During the same period, the S&P 500 and the Dow Jones skyrocketed to all-time highs.
The Federal Reserve expanding its balance sheet. | Source: FREDOne analyst believes the central bank will continue

Research firm Glassnodes came up with a new metric to gauge bitcoin adoption.
The growth of this new metric appears to coincide with recent bitcoin rallies.
It appears that conditions are right for this metric to breakout and possibly foreshadow the next bull run.
Bitcoin bulls have a lot of reasons to be excited. On Wednesday, the top cryptocurrency posted a fresh 2020 high of $9,443.96. It’s also up over 30% year-to-date and it continues to show signs of strength.
The top cryptocurrency is close to breaching the resistance of a key metric. I’m talking about the number of entities entering bitcoin on a daily basis. The growth of entities strongly suggests that more people are using the cryptocurrency. This metric is relevant because the last time adoption grew,

An Ikigai analyst started a tweetstorm that details the birth of the petrodollar.
The analyst also covered the fiscal irresponsibility of the federal government.
He said that once inflation kicks in, people can rely on bitcoin to save them from hyperinflation.
Earlier this month, the Bank of England announced that the central banks of the United Kingdom, Canada, European Union, Japan, Sweden and Switzerland are in collaboration with the Bank of International Settlements for joint research on central bank digital currencies (CBDC). As the group studies the potential use cases of CBDC in their respective jurisdictions, one analyst is already thinking of the role that bitcoin will play in the digitalization of currencies.
Hans Hauge, a crypto asset investment analyst

Jack Dorsey is working on a kit that can help integrate Lightning Network to bitcoin wallets.
Dorsey’s Square won a patent for a crypto-to-fiat payment system.
Bitcoin can take multiple roads to a multi-trillion dollar valuation.
Tim Draper has not backed off his prediction that bitcoin will skyrocket to $250,000 in 2023. The venture capitalist who invested in Skype, Tesla, and SpaceX believes that key improvements happening on the Bitcoin network will catalyze the surge in valuation. Developments such as the Open Node and Lightning Network are helping bitcoin’s cause. Nevertheless, Draper believes that more engineering needs to be done so that the number one crypto can become a widely-used currency.
Fortunately, Jack Dorsey is hard at work to help create the

Travis Kling shared a chart that showed bitcoin might be set for a bullish breakout in May 2020.
Consider taking a contrarian stance because a post-halving dump happened in the past.
Even if there’s a massive shakeout, bitcoin looks poised for a bull run this year.
Bitcoin has been struggling to keep its bullish momentum alive since it topped out at $9,188.10 earlier this month. The cryptocurrency is down nearly 10% from the yearly high. Many are saying that the bear market is not yet over. They claim that bitcoin is due for a plunge.
Travis Kling of crypto asset management firm Ikigai is not among the bitcoin doomsayers. The chief investment officer believes that the top cryptocurrency is due for a rampaging bull run.
Bullish Technicals Coinciding With

The altcoin market cap may be bottoming out.
One trader suggests that the altcoin market cap is mirroring bitcoin’s 2011-12 cycle.
If the analyst is correct, there’s a chance we will see gains similar to the profits made in the 2017 bull market.
Many people got rich during the 2017 crypto bull market. I’m not just talking about those who timed bitcoin before it exploded to $20,000. There were speculators who traded altcoins and waited for them to skyrocket in value against bitcoin. Then, these traders took profits just before the crypto bear market hit.
Imagine multiplying your initial investment between 10x and 100x in a matter of weeks. For instance, Ripple pulled off an astronomical surge of 1,148,300% against BTC between December 2017 and January 2018.

Peter Schiff admits that he mistook his PIN for his password.
It’s very unlikely that the gold bug never knew his password and PIN.
Schiff is getting thousands of engagements while running a smear campaign against bitcoin at no cost.
On Sunday, outspoken bitcoin-hater Peter Schiff took to Twitter to share an outrageous claim. According to the gold bug, he lost all of his bitcoin because his Blockchain wallet forgot his password. Of course, Crypto Twitter (CT) had a field day. As of this writing, the infamous tweet has over 4,700 comments, 1,400 retweets, and 5,400 likes. Many of the comments highlighted Schiff’s inability to keep up with new technology.
One crypto enthusiast making fun of Peter Schiff for being a boomer. | Source: TwitterA few days later, the

Changpeng Zhao advocated for storing your crypto assets on a trusted centralized exchange after Peter Schiff lost access to his BTC holdings.
Last year, Binance was hacked but the exchange covered all losses.
There are still numerous reasons why you should store your own coins.
Not your keys, not your coin. This is a phrase commonly tweeted by hardcore crypto investors. It means that if you don’t control the keys of the wallet, you don’t control the cryptocurrency.
The adage once again made rounds on Sunday as self-proclaimed bitcoin-hater Peter Schiff tweeted that he lost his bitcoin. The gold bug claims that he did not forget his password; his wallet forgot his password.
Peter, wallets don’t forget passwords | TwitterWhether the bitcoin-hater is telling the truth

Charlie Bilello highlights the performance of Mastercard and Visa in an attempt to shoot down bitcoin.
In terms of returns, bitcoin has dramatically outperformed the two financial companies.
When it comes to transaction volume, Visa and Mastercard have significantly outpaced the cryptocurrency.
Bitcoin has no shortage of critics. Some of them love to cherry pick statistics to rip the top cryptocurrency. I have yet to see someone slam bitcoin in an area where it undoubtedly dominates until today.
Charlie Bilello, CEO of Compound Capital Advisors, took to Twitter take a swipe at the number one cryptocurrency. It appears that the chief executive of the investment firm did not do his homework. His erroneous tweet quickly backfired.
Bad Mouthing Bitcoin By Questioning

There are several theories that can explain the current bitcoin pump.
The revelation that Grayscale raked in close to $200 million in Q4 investments may explain why the cryptocurrency bottomed out in December.
New investments must keep flowing in or there’s a chance that BTC drops all the way down to $5,000.
Bitcoin recorded another fresh 2020 high Friday as it climbed to $9,000.
There are different theories as to why the number one cryptocurrency suddenly came back to life. Just over a week ago, bitcoin rallied along with gold and oil after geopolitical risks in the Middle East escalated. Some analysts claim that speculators are already positioning for the May 2020 halving. Others claim that the loose monetary policies of central banks is driving investors to take

The bitcoin rally is making many crypto investors euphoric.
An economist ran a poll to check on the pulse of the BTC market.
An ultra bullish atmosphere may be a sign that a trend reversal is incoming.
Over the last couple of weeks, bitcoin has been slaying bears and disbelievers. On Tuesday, bitcoin printed a fresh 2020 high of $8,903.20. The crypto token’s renewed bullish vigor is driving many retail investors into euphoria.
One retail trader is already predicting that bitcoin will hit $20,000. | Source: TwitterThe ecstatic atmosphere probably drove Alex Kruger to measure community sentiment. The trader and economist ran a poll asking Crypto Twitter (CT) what they think would be BTC’s 2020 high.
Results reveal that CT is feeling ultra bullish. That’s bad news for

The Sacramento Kings launched a blockchain-powered app that allows fans to bid on game-worn gear.
NBA is at the forefront of crypto adoption in professional sports.
The Kings must start winning big games to help raise awareness of the potential of blockchain technology.
Many people think that cryptocurrencies only serve as an alternative payment option. While there are coins that fit this bill, there are other cryptocurrencies that can perform a host of other functions.
I laud the efforts of one NBA team to help raise awareness on the potential of blockchain technology. The Sacramento Kings, in partnership with Consensys and Treum, launched a blockchain-powered platform that enables fans to purchase authentic in-game gear.
Kings Fans Can Now Bid on Game-Worn Sports

The Bitcoin SV pump has caught many crypto investors by surprise.
A Twitter user has been following BSV’s price action and has a theory as to why the price of the bitcoin hard fork suddenly spiked.
If market manipulation is truly the cause of the surge, investors should take caution as a massive dump is possibly on the horizon.
While bitcoin maximalists are excited about the king of cryptocurrency’s over 24 percent pump, one bitcoin hard fork is leaving nearly everyone in a state of massive disbelief. We’re talking about Bitcoin SV. The crypto-token spearheaded by the controversial Craig Wright and Calvin Ayre is now trading around $360. On Tuesday, BSV climbed as high as $458.74.
The massive green candle on Bitcoin SV’s chart against USD has sparked calls of an

Tuesday’s across the board pump got many retail crypto investors excited.
The strong rally coupled with volatility reminded several analysts of the 2017 crypto bull market.
While the pump can make you feel excited, it’s important to note that bitcoin and other large cap coins may succumb to profit-taking soon.
The jaw of the crypto community dropped on Tuesday. Bitcoin along with nearly every other crypto generated a pump that has not been seen for quite some time. The rally pulled off by most cryptocurrencies shocked many retail investors. This is especially true for crypto enthusiasts who hopped on the bandwagon after the 2017 bull market.

Those who entered the crypto industry before it took off in 2017 know what a true bull market looks like. They say the

Many crypto analysts believe that bitcoin has already bottomed out.
Bitcoin’s bullish price action is giving some traders the ammunition to predict a run-up to $14,000.
Other analysts warn that investors should taper their expectations.
Bitcoin is starting the year with a bang. The top cryptocurrency is up by over 17% year-to-date, and we’re just two weeks into 2020.
The impressive run has caught the attention of analysts. Some are already claiming that the bear market bottom is in.
Source: TwitterWhile a pullback might be in order to consolidate gains, these analysts say there’s a strong possibility that the downtrend is a thing of the past. One trader predicts that bitcoin could soon rally over 65%.
Bitcoin May Have Just Ended a Six-Month Downtrend
Bitcoin jumped

It’s common knowledge in the cryptocurrency world that bitcoin dictates the trend.
New information suggests that bitcoin might be following the lead of a stablecoin.
The correlation between BTC and USDT has been growing over the last 18 months and it shows no signs of slowing down.
In the cryptocurrency world, it’s no secret that almost every coin follows bitcoin’s lead. Wherever the top cryptocurrency goes, nearly all coins follow. I found it surprising that a stablecoin, Tether (USDT), may be dragging the king of cryptocurrencies out of bear territory.
Charles Edwards, head of digital investment firm Capriole, spotted an interesting correlation developing between Tether and bitcoin. It seems that in the last year and a half, the top cryptocurrency is following

A popular host and crypto investor has made a bullish statement on altcoins.
Ran NeuNer’s tweet was met with heavy criticism.
Nevertheless, it is difficult to deny that large market cap coins are showing signs of strength.
It’s not a secret that most alternative coins or altcoins are dependent on bitcoin. Wherever BTC goes, almost every other crypto token follows. That’s especially true for large market cap coins such as Ethereum, Litecoin and EOS.
A score of one indicates perfect correlation. | Source: CoinMetricsBitcoin’s recent resurgence is helping drag many altcoins out of bear territory. Ran Neuner, the widely-followed founder of Onchain Capital, appears to have spotted this emerging trend. The host of Crypto Trader recently tweeted one of the most bullish

A position trader is making noise on social media after tweeting an ultra bullish prediction on bitcoin.
The cryptocurrency’s performance in the last two halvings may have prompted the analyst to make a bold call.
Other big names in the industry share a more conservative price target.
Bitcoin’s recent bullish price action is giving new life to crypto enthusiasts. The crypto token is up over 12% year-to-date. While the gains are not as impressive as they sound, the technical ramifications of bitcoin trading above $8,000 is what’s important. To many bulls, this is an indication that the king of cryptocurrencies has already bottomed out.
Trader Mac says that the bottom is in as long as $7,450 holds. | Source: TwitterAs bulls come out of hibernation, there are those

The crypto community is on the fence regarding the May 2020 halving.
Fundstrat founder Thomas Lee believes that the halving along with two other catalysts will push bitcoin to greater heights.
Other analysts are also bullish on the orange coin as they predict that a new all-time high is on the horizon.
There’s an ongoing debate in the crypto community regarding the May 2020 bitcoin halving. Many are claiming that the bullish catalyst is already priced in. In other words, market participants who are expecting a sharp rise in bitcoin’s value once the halving occurs would be disappointed.

However, some heavy hitters believe that the halving is far from being priced in. One personality thinking along this line is Fundstrat founder Thomas Lee. The widely followed

Ethereum may be due for one last leg down.
Despite ether’s bearish price action in 2019, it has made significant progress.
The cryptocurrency’s growing fundamentals will likely eventually catalyze a new bull market.
Just like bitcoin, Ethereum has been correcting ever since it posted a high in June 2019. From last year’s high of $363.30, the number two cryptocurrency has lost over 62% of its value. Those losses are significantly magnified if you consider that Ethereum traded at $1,424.30 in January 2018. From the all-time high, ether has already shed over 90% of its value.
To some retail traders, the extreme losses would indicate that the bottom is on the horizon. However, one analyst believes that investors are likely due for more pain in the form of a persistent

Bitcoin’s use-case has evolved over time.
Recently, the top cryptocurrency has been surging under the safe haven narrative.
While both gold and bitcoin moved higher due to geopolitical risk, the cryptocurrency has significantly outperformed the precious metal.
Bitcoin’s primary use-case is continuously evolving. At first, many thought the cryptocurrency would be the next generation payment method. Scaling issues and extreme volatility deterred many merchants from accepting BTC.
At that point, critics thought that the virtual currency would die. But, the number one crypto proved to be resilient as its value proposition changed into a store of value and as the only non-correlated asset in the world. In the last week, bitcoin’s use-case is making another

The deescalation of the situation in Iran may have triggered a round of profit taking in bitcoin.
Multiple analysts remain bullish on the top cryptocurrency predicting that it won’t go any lower than $7,800.
While not all analysts are boldly optimistic, one must consider that bitcoin’s corrections during bull markets tend to be shallow and short-lived.
After a strong rally catalyzed by the tensions in Iran, bitcoin is starting to show signs of exhaustion. From a low of $6,853.53 on January 3rd, the digital gold soared and posted a 2020 high of $8,463.57 in less than a week.
Since then, the cryptocurrency has been succumbing to profit taking. That’s not surprising considering that bitcoin printed gains of over 23 percent in a short period of time. Many analysts are

Peter Brandt laid out two scenarios for bitcoin last month.
The recent price action of bitcoin suggests that Brandt’s immediate bull scenario is playing out.
Brandt teases his followers with the possibility of a bull run in his latest tweet.
The most followed trader on Twitter, Peter Brandt, made his Bitcoin Live Crypto report available for free last month. In this issue, the veteran analyst presented two bullish scenarios for the king of cryptocurrencies.
The first script involved a short-term bearish price action that would see the massive capitulation of bulls. The trader saw bitcoin violating the lower boundary of a multi-year channel and dropping all the way down to $5,324. In this scenario, the cryptocurrency would have bottomed out in July 2020.
In the

Bitcoin is possibly becoming a safe haven asset. The top cryptocurrency is rising in tandem with gold as tensions in the Middle East grow. It’s possible that bitcoin may be in the early stages of a parabolic advance. If you think that the turmoil in Iran and the rest of the Middle East has nothing to do with bitcoin, think again. The king of cryptocurrencies has traded bullishly ever since the conflict between the U.S. and Iran started. bitcoin has pushed higher each time tensions were heightened. Is it just a coincidence or is bitcoin becoming the safe haven asset crypto enthusiasts hope it would be? My money is on the latter. It’s possible that the smart money are hedging with bitcoin. This could trigger the cryptocurrency’s ascent to new all-time highs. Bitcoin and Gold Have Been on a

Peter Schiff is once again targeting the number one cryptocurrency. His tweets are looking ridiculous as they are no longer based on sound logic. Some bitcoin traders are using Schiff’s tweets to time a possible bitcoin rally. Peter Schiff, the self-professed bitcoin hater, has been talking trash about the king of cryptocurrencies over the last few days. The gold bug has a long history of spewing venom on the asset dubbed as digital gold. Instead of focusing on providing helpful content on gold and other precious metals, Schiff makes it a point to criticize the cryptocurrency almost every chance he gets. Recently, the chairman of SchiffGold once again belittled bitcoin. At this point, Schiff’s antics are becoming ridiculous. His latest tweets reveal that he’ll say anything to make