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Bitcoin’s Hourly Chart Signals Possible Bull Run Ahead

Bitcoin’s recovery has taken the shape of a bull flag on the hourly chart. A breakout could accelerate the recovery, perhaps bringing a re-test of $60,000. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

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Bitcoin Returns Above $58K as Momentum Improves

Bitcoin recovered some of its losses from the “Black Friday” shopping day when it declined by more than 8%, following news of a novel COVID-19 strain called Omicron. 3iQ Digital Assets President Chris Matta discusses the potential drivers moving prices higher as the cryptocurrency is trading over $58,000, up nearly 6% on the day.

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Bitcoin's Price Trajectory Ahead of Thanksgiving Weekend

CoinDesk's Galen Moore discusses what to make of bitcoin's price trajectory as the cryptocurrency is holding support above its 100-day moving average of $53,700. Plus, potential headwinds out of India amid talks of a bill banning cryptocurrencies in the country, and reactions to Salvadoran Ambassador to U.S. saying bitcoin challenges the U.S.' monetary authority.

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Bitstamp Exec on India’s Plan to Ban ‘Private Cryptocurrencies’

The Indian government is still seeking to ban most cryptocurrencies under a long-awaited bill that will be submitted for consideration. Bitstamp U.S. Chief Compliance Officer Thomas Hook discusses the potential impact on Bitstamp, which supports credit and debit purchases of digital assets in India. Plus, his thoughts on the Kleiman vs.

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Bitcoin Faces Resistance Around $57K, Altcoins Recover From 7-Day Lows

Bitcoin is meeting the $57,000 resistance level during U.S. trading hours Wednesday as altcoins and other layer 1 tokens recovered from seven-day lows. New data on bitcoin dominance continued to signal a bias toward altcoin exposure. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

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El Salvador Wants to Build ‘Bitcoin City’ With Major Tax Incentives

El Salvador, the only country where bitcoin is a legal tender, is going to build an entire city based on the largest cryptocurrency by market value. “Bitcoin City” will have no income, property, capital gains or payroll taxes.

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Is There a Bullish Breakout Ahead for Bitcoin?

Needham & Co. Vice President John Todaro discusses his positive assessment of the crypto markets despite continuing to see red over the past week. “We’re still ​in a bullish macro set up here for bitcoin and cryptocurrencies more broadly,” Todaro said. “We do have around $100K bitcoin [price target] in Q1 2022.”

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Bitcoin Still Trading in Bullish Channel Despite Price Support Break

New data reveals bitcoin’s broader outlook remains constructive despite the recent pullback. The largest cryptocurrency by market cap fell below its support level of $57,653, the Oct. 23 low, which has paved the way for a deeper pullback. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

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El Salvador's Bitcoin Bond Specifications

New data shared by El Salvador President Nayib Bukele reveals his plans to issue a $1 billion “Bitcoin Bond” with a 10-year maturity on the Liquid Network. Half of the money raised will be used to purchase bitcoin, and the rest will fund construction of a new ”Bitcoin City” along the Gulf of Fonseca near a volcano. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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El Salvador to Raise $1B via 10-Yr 'Bitcoin Bond' in Partnership With Blockstream

El Salvador President Nayib Bukele announced he would create an entire new city based on bitcoin and also issue a $1 billion "bitcoin bond" with Blockstream. Yet, bitcoin's price has since retreated and is down over 5% on the day. "What Bitcoin Did" Host Peter McCormack discusses his thoughts on the bitcoin bonds and why he's "not surprised" that "Bitcoin City" did not boost BTC's price.

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