Tag: trading

Bitcoin's Long Bet A House of Cards?

Bitcoin's Long Bet A House of Cards?

It’s a wild year for the cryptocurrency market! So as an environmental journalist in OverTraders.com I’m diligently watching the newest developments and doing my best to keep you informed. Recent data tells a different, more concerning story. One in which overconfidence could be soothingly lulling us away from deeper, more...

Bitcoin Bulls Face Headwinds as Price Rejects Key Resistance Level

Bitcoin Bulls Face Headwinds as Price Rejects Key Resistance Level

Bitcoin is once again in the bearish hot seat. It failed to push above the resistance at $87,470, an important Fibonacci level imposed by a descending channel. This rejection would indicate a likely retest and furthering of the current downtrend, with investors still cautious of more downside price action. Technical...

Bitcoin Coinbase Premium Surges, Hinting at Potential $90K Price Target

Bitcoin Coinbase Premium Surges, Hinting at Potential $90K Price Target

Bitcoin’s Coinbase premium index has rocketed to its highest extreme since February 20. This surge comes on the heels of a 5% BTC bull run on March 19. This increase indicates robust buying demand from U.S. investors and points to a Bitcoin price of $90,000. The Coinbase premium index measures...

Bitcoin Bull Run The Psychology Driving Long Positions

Bitcoin Bull Run The Psychology Driving Long Positions

As a journalist specializing in dissecting market trends, I've observed a fascinating phenomenon in the cryptocurrency world: the persistent rise in long positions on Bitcoin. OverTraders.com is here to bring understanding and perspective to these complicated market forces. This article discusses the psychology of big bets on Bitcoin and why...

Bitcoin Long Positions Surge Amidst Cautious Market Sentiment

Bitcoin Long Positions Surge Amidst Cautious Market Sentiment

Bitcoin has a tough road ahead. Bullish leveraged positions on the Bitfinex exchange have jumped to a close to six-month high. This massive increase comes in spite of an overall market sentiment that continues to be downbeat. This divergence raises basic questions about whether the recent price increases are sustainable....