Bitcoin expects to face turbulent times this week as its dependence on macro fundamentals grow. S&P 500 earnings and the next fiscal stimulus bill are among the most influential catalysts that could drive the cryptocurrency lower. Nevertheless, it may retain its yearly bullish bias based on technical factors. The new week poses a big test for Bitcoin investors who are flying blind since its “halving.” The cryptocurrency is treading flat inside a $300 trading range […] read whole article

Related Links

  1. First Week of December Ends with Flush of Green, Bitcoin Nears $3,700 - Cointelegraph
  2. 3 Signs Show Bitcoin on Verge of Macro Upsurge, Making $20k Imminent
  3. Grayscale raises $217 million this week for new crypto investment... 3 weeks of BTC issuance (but realistically it's not all for Bitcoin).
  4. 3 Key Metrics Suggest Bitcoin Price Has Completed Its Macro Bear Cycle
  5. Plan B (@100trillionUSD) pitched bitcoin to institutional investors last week. Presentation started with these 3 charts: Sharpe ratio (@woonomic ), zero correlation with other assets (@PanteraCapital), correlation and cointegration with stock-to-flow (@100trillionUSD). Amazing response!
  6. The Last Time Bitcoin Formed These 3 Patterns, It Dropped 60% in a Week
  7. Crypto Research Firm Identifies 3 “Big” Bitcoin Bull Run Catalysts
  8. 3 Macro Factors Show Why Bitcoin Is Poised to Erupt Past $10,500: Analyst
  9. Market Wrap: Bitcoin Dips as Stock Markets Close Lower on the Week
  10. Bitcoin Price Analysis: Macro Resistance Could Push Price Down to $6,000s