Even though Bitcoin is currently trading sideways, Bill Barhydt said he is bullish on the benchmark cryptocurrency based on technical and macro factors.
Analysts say the likelihood of a further downward move is expected the longer the benchmark cryptocurrency stays near the resistance area.
With President Donald Trump delaying the stimulus package, the Bitcoin and stock market fell down in tandem.
Blockstream CEO Adam Back believes Bitcoin's market cap will increase by 400% within two years.
Despite bearish news that affected global markets, Bitcoin appeared unfazed, attributing to the strength of its macro uptrend.
Traders are pessimistic about the price of Bitcoin, which is poised to drop further based on key technical factors.
Video game pioneer Atari will conduct a public token sale of Atari Token on Bitcoin.com on Nov. 2018.
The fourth quarter was not good for Bitcoin in the last two years. Still, the post-halving cycle could sway the charts differently.
The two blockchain-related bills aim for the United States to become the industry leader in blockchain technology.
Previous halvings served as a catalyst for Bitcoin's price rallies. The same is expected to happen this year.
It asks taxpayers if they have received, sold, sent, exchanged or acquired virtual currency in 2020
This is the first time Ethereum had more cumulative fees paid against Bitcoin.
The sideways behavior of Bitcoin has caused traders to look for opportunities in altcoins and DeFi tokens.
The previous was record was in 2017 when Bitcoin reached its all-time high price.
In an interview, billionaire Michael Novogratz says he believes Bitcoin's correlation with the stock market is a correlation that will not last forever.
The number of Bitcoin already in circulation has surpassed 18.5 million. With only 2.5 million left, analysts are expecting the scarcity will drive up value.
The European Union is planning to regulate cryptocurrencies in order to mitigate the risks associated with them.
The analyst says the current figure in the 30-day average of Bitcoin addresses is already equal to a price closer to $15,000 when measured on an autoscale basis since 2017.
An analyst says Bitcoin has never gone lower than the 200-weekly moving average.
Bitcoin's realized capitalization is now higher than when Bitcoin reached its all-time high price in December 2017.
Bitcoin is failing its support at $10,000, to which analysts warned of more pull back.
South Africa's Mirror Trading International has denied all allegations that it is running a multi-level marketing scam.