Bitcoin
Top Analyst Benjamin Cowen Says Bitcoin in ‘Very Critical Spot,’ Foresees More Upside for BTC if This Happens
Published
2 months agoon
By
admin![](https://blocknewsmedia.com/wp-content/uploads/2024/07/More-Upside-for-BTC.jpg)
Analyst Benjamin Cowen is saying that the possibility of Bitcoin (BTC) rising higher will increase if the flagship cryptocurrency manages to go up above a key moving average on the weekly chart.
In a new video, Cowen tells the 803,000 subscribers of his YouTube channel that Bitcoin is currently in a “very critical spot” and is poised for a “further rally” if BTC rises above the 20-week moving average and maintains that level as support.
“In 2021, I said something very similar. I said if we can hold the 20-week Smooth Moving Average (SMA), we should have clear skies ahead. And we did for a little while. We did put in a new all-time high.”
![](https://dailyhodl.com/wp-content/uploads/2024/07/BC-BTC-0718.png)
According to Cowen, Bitcoin will need to break above the 20-week SMA in order to replicate the massive rallies it has traditionally enjoyed months after the halving. Cowen says that so far Bitcoin’s price action is mimicking what happened to the flagship crypto asset in 2013.
“If you look at 2013 what happened is we wicked above the 20-week SMA a couple of times just like we just did. But then ultimately it took about a month to get back above it. And you can see that back in 2013 we were also generally setting a series of lower highs as well we slowly worked our way back above the 20-week Smooth Moving Average, by August came back down, held it as support in September and then we had a Q4 rally.”
![](https://dailyhodl.com/wp-content/uploads/2024/07/BC-BTC-0718-2.png)
Bitcoin is trading at $64,400 at time of writing.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
![](https://dailyhodl.com/wp-content/uploads/2018/06/Get-Alerts-728x90.png)
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: DALLE3
Source link
You may like
AAVE jumps 11% fueled by heightened whale activity
Judge Torres Issues Order To Hold $125M Penalty On Appeal
Robinhood Settles with California for $3.9 Million Over Crypto Withdrawal Violations
U.S. Spot Bitcoin ETFs See Record $287 Million in Outflows, Except BlackRock
Near Protocol’s X page hacked, again
Chainlink, DexSceener, Metamask Support ADA, Cardano Price Eyes 28% Gains
Banking
Switzerland’s fourth-largest bank ZKB launches crypto services
Published
21 hours agoon
September 4, 2024By
admin![](https://blocknewsmedia.com/wp-content/uploads/2024/09/SwissBorg-Raises-over-E20M02.jpg)
![](https://crypto.news/app/uploads/2023/04/SwissBorg-Raises-over-E20M02.jpg)
Zurich Cantonal Bank, Switzerland’s fourth-largest bank, has launched crypto trading and custody services, expanding its financial offerings.
Zurich Cantonal Bank, Switzerland‘s fourth-largest bank, has officially entered the crypto market, offering its clients the ability to trade and store Bitcoin (BTC) and Ethereum (ETH).
In a Sept. 4 press release, the bank said the new offering is integrated into its existing digital platforms, including ZKB eBanking and ZKB Mobile Banking. The bank has partnered with Crypto Finance AG, a subsidiary of Deutsche Börse Group, to execute crypto trades, the press release reads.
Alexandra Scriba, head of institutional clients & multinationals at ZKB, says customers and third-party banks will not need their own wallet and do not have to worry about storing their private keys, as the bank will handle both processes.
ZKB’s entry into the crypto space is not just limited to its own clients as the bank is also offering a business-to-business solution that enables other Swiss banks to provide crypto trading and custody services. Per the press release, Thurgauer Kantonalbank, a Swiss cantonal bank, has become the first partner bank to adopt this service.
The latest move is continuation of ZKB’s latest efforts to foray into the crypto market as in recent years, the bank explored blockchain technology extensively, including its participation in the issuance of the world’s first digital bond on the SIX Digital Exchange in 2021 and its role as joint lead manager in a 2023 Swiss National Bank pilot project for issuing digital bonds with central bank digital currency.
ZKB’s initiative comes amid a broader expansion of crypto services among Swiss financial institutions. In late June, crypto-friendly bank Sygnum, based in Zurich, extended its business-to-business services to over 20 entities, including PostFinance, ZugerKB, and LuzernerKB, allowing a significant portion of the Swiss population to access crypto markets.
Source link
Bitcoin
Will Bitcoin Repeat History? Analyst Sees This 2019 Pattern In Current Market
Published
1 day agoon
September 4, 2024By
admin![](https://blocknewsmedia.com/wp-content/uploads/2024/09/DALL·E-2024-09-03-17.15.23-A-digital-illustration-exploring-whether-Bitcoin-will-repeat-history-with-an-analyst-seeing-a-2019-pattern-in-the-current-market.-The-image-features-.jpg)
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.
Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.
Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.
When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)
Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.
In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.
Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think’s probably unfeasible, I’ve done already a hundredfold.”
PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.
Source link
Bitcoin
Bitcoin About To Mimic Japanese Stock Market’s Incredible Late 1980s Rally: Crypto Analyst
Published
2 days agoon
September 3, 2024By
admin![](https://blocknewsmedia.com/wp-content/uploads/2024/09/to-hold-new-japan.jpg)
A popular crypto analyst thinks Bitcoin (BTC) is currently mirroring the Japanese stock market’s giant rally about four decades ago.
The pseudonymous analyst TechDev shares charts with his 467,400 followers on the social media platform X that compare BTC’s performance since 2010 with the performance of the Nikkei 225, a price-weighted index that tracks 225 blue-chip companies trading on the Tokyo Stock Exchange, between the years 1950 and 2000.
TechDev’s charts suggest Bitcoin could crack $760,000 sometime between 2028 and 2029 before witnessing a multi-year bear market.
The top-ranked crypto asset by market cap is trading at $59,621 at time of writing.
The analyst also shares a chart that has a line for Bitcoin’s price and a line that pits the Chinese 10-year bonds (CN10Y) against M2SL, the seasonally adjusted measure of money supply in the United States.
Based on the trader’s chart, he appears to suggest that an expansion in the CN10Y against M2SL would trigger big Bitcoin rallies.
Last month, TechDev noted in a newsletter that he was optimistic about the recent downturn in the crypto market.
“Obviously, there is extreme fear in the market. The last two weeks were filled with ‘told you’ comments from doomer bears – on a retest to $48,000 levels they previously said would never be reached the last time they were doom-posting at $25,000.
Exactly what I like to see. The fact that it came at a time when global macro conditions are pointing up makes it nothing more than two weeks of loud noise to me. More like the last six months.
It’s usually the case in all speculative markets, but the last two years have reflected this more than any other time in the crypto market – it doesn’t move up until X is scared absolutely shitless. That was the case at $15,000 after the FTX crash, at $20,000 after regional banks were failing, at $38,000 after the brutal post-ETF wick, and now.
What you’ll also recall is how much sentiment can whiplash in a couple of weeks. Expecting it again. All the while, the global cycle continues to point higher.”
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
![](https://dailyhodl.com/wp-content/uploads/2018/06/Get-Alerts-728x90.png)
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Source link
![](https://blocknewsmedia.com/wp-content/uploads/2024/09/crypto-news-trading-chart-front-side-view-Exchange-building-background-bright-neon-colors-option04.webp-80x80.webp)
AAVE jumps 11% fueled by heightened whale activity
![](https://blocknewsmedia.com/wp-content/uploads/2024/09/XRP-Lawsuit-80x80.jpeg)
Judge Torres Issues Order To Hold $125M Penalty On Appeal
![](https://blocknewsmedia.com/wp-content/uploads/2024/09/robinhood-ipo-crypto-gID_7-80x80.jpg)
Robinhood Settles with California for $3.9 Million Over Crypto Withdrawal Violations
![](https://blocknewsmedia.com/wp-content/uploads/2024/09/default_blackrock_bitcoin_0-80x80.jpg)
U.S. Spot Bitcoin ETFs See Record $287 Million in Outflows, Except BlackRock
![](https://blocknewsmedia.com/wp-content/uploads/2024/07/crypto-news-hacker-option02.webp-80x80.webp)
Near Protocol’s X page hacked, again
![](https://blocknewsmedia.com/wp-content/uploads/2024/08/cardano2-1.webp-80x80.webp)
Chainlink, DexSceener, Metamask Support ADA, Cardano Price Eyes 28% Gains
![](https://blocknewsmedia.com/wp-content/uploads/2024/09/O22FG2PJKZBFLNWGHD7KCBDNL4-80x80.jpg)
Robinhood’s Former Ban on Crypto Withdrawals Draws $3.9M Settlement in California
![](https://blocknewsmedia.com/wp-content/uploads/2024/09/unnamed-17-80x80.png)
Choose Privacy
![](https://blocknewsmedia.com/wp-content/uploads/2024/08/crypto-news-staking-option02.webp-80x80.webp)
Best crypto staking platforms
![](https://blocknewsmedia.com/wp-content/uploads/2024/09/a_5f215c-80x80.jpg)
Investors Lose Sight Of MATIC As It Drops 16% Ahead Of Upgrade
![](https://blocknewsmedia.com/wp-content/uploads/2024/06/x-logo.png)
Is SEC Planning More Crypto Crackdowns In September? Legal Officer Warns
![](https://blocknewsmedia.com/wp-content/uploads/2024/09/gwv2rbnw0aajdbr-80x80.jpg)
Coinbase CFO Says Kamala Harris Campaign Accepts Crypto Donations: Fortune
![](https://blocknewsmedia.com/wp-content/uploads/2024/09/crypto-news-Trump-criticizing-crypto-while-holding-an-NFT-inside-Trump-Tower04.webp-80x80.webp)
Trump’s lead over Harris is growing
![](https://blocknewsmedia.com/wp-content/uploads/2024/09/hacker-eth-digital-tornado-80x80.jpg)
Crypto Exchange Hacker Moves $6,500,000 in Ethereum (ETH) to Digital Asset Mixer Tornado Cash: PeckShield
![](https://blocknewsmedia.com/wp-content/uploads/2024/09/PEPE-Meme-Coin.webp-80x80.webp)
Pepe Coin Whale Bags 9 Tln Coins, PEPE Price Breakout Ahead?
![](https://blocknewsmedia.com/wp-content/uploads/2023/09/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8zZmE3ZTQzYzVmNTkwYTA0ZDA1MWZlY2EwZGY4YjA2OS5qcGc-80x80.jpg)
How Web3 can prevent Hollywood strikes
![](https://blocknewsmedia.com/wp-content/uploads/2023/07/iStock-1349331161-80x80.jpg)
XRP Explodes With 1,300% Surge In Trading Volume As crypto Exchanges Jump On Board
![](https://blocknewsmedia.com/wp-content/uploads/2024/07/TUYCJ3CEPJGIJNZROV22QP4URQ-80x80.jpg)
German Government Sill Holds 39,826 BTC, Blockchain Data Show
![](https://blocknewsmedia.com/wp-content/uploads/2024/07/crypto-news-The-American-Capitol-blurry-city-background-bright-tones-low-poly-styl-80x80.jpg)
House to revisit crypto regulation bill vetoed by Biden
![](https://blocknewsmedia.com/wp-content/uploads/2024/06/japan-80x80.jpg)
'Asia's MicroStrategy' Metaplanet Buys Another ¥400 Million Worth of Bitcoin
![](https://blocknewsmedia.com/wp-content/uploads/2023/11/shutterstock_download-10-80x80.jpg)
NEAR Foundation And Eigen Labs Team Up To Improve Web3 Transactions On Ethereum Rollups
![](https://blocknewsmedia.com/wp-content/uploads/2024/03/shutterstock_download-68-80x80.jpg)
Record-Breaking GBTC Outflows Send Bitcoin Down 14% To $62,000
![](https://blocknewsmedia.com/wp-content/uploads/2023/09/LeveX_PR_1694504390wfIPv5Yjgo-80x80.jpeg)
LeveX Unleashes Next-Gen Social Trading Features, Pioneering a Cohesive Crypto Trading Ecosystem – Blockchain News, Opinion, TV and Jobs
![](https://blocknewsmedia.com/wp-content/uploads/2023/10/Crypto_Casino_Image_16958307434iOEBcGQRB-80x80.jpg)
Worldwide Digital Asset-Based ETP AUM Remains 53% Ahead YTD Despite Quarterly Drop – Blockchain News, Opinion, TV and Jobs
![](https://blocknewsmedia.com/wp-content/uploads/2024/06/maxresdefault_live-80x80.jpg)
Live Launch Episode 1- Coming Soon
![](https://blocknewsmedia.com/wp-content/uploads/2024/06/felix6-80x80.jpg)
Bitcoin's Role In Defending Democracy In Nicaragua With Félix Maradiaga
![](https://blocknewsmedia.com/wp-content/uploads/2024/05/ETFs-presale-80x80.png)
Crypto Whale Withdraws $75.8 Million in USDC From Coinbase To Invest In Ethereum’s Biggest Presale – Blockchain News, Opinion, TV and Jobs
![](https://blocknewsmedia.com/wp-content/uploads/2023/07/iStock-1253144504-80x80.jpg)
Avalanche Foundation Commits $50 Million To Tokenized Asset Purchases
![](https://blocknewsmedia.com/wp-content/uploads/2023/02/SEC-shutterstock_1625495629-80x80.jpg)
SEC vs Service Provider Developments Keeps Market Volatility Up – Blockchain News, Opinion, TV and Jobs
![](https://blocknewsmedia.com/wp-content/uploads/2024/06/crypto-news-Trump-criticizing-crypto-while-holding-an-NFT-inside-Trump-Tower02.webp-80x80.webp)
Republican National Committee pledges to ‘defend the right to mine Bitcoin’
Trending
- Blockchain1 year ago
How Web3 can prevent Hollywood strikes
- crypto1 year ago
XRP Explodes With 1,300% Surge In Trading Volume As crypto Exchanges Jump On Board
- Markets2 months ago
German Government Sill Holds 39,826 BTC, Blockchain Data Show
- cryptocurrency2 months ago
House to revisit crypto regulation bill vetoed by Biden
- business2 months ago
'Asia's MicroStrategy' Metaplanet Buys Another ¥400 Million Worth of Bitcoin
- crypto10 months ago
NEAR Foundation And Eigen Labs Team Up To Improve Web3 Transactions On Ethereum Rollups
- Bitcoin6 months ago
Record-Breaking GBTC Outflows Send Bitcoin Down 14% To $62,000
- Blockchain12 months ago
LeveX Unleashes Next-Gen Social Trading Features, Pioneering a Cohesive Crypto Trading Ecosystem – Blockchain News, Opinion, TV and Jobs