Hedge fund manager who told you to sell Bitcoin at $10,500 is once again calling the topBTC $8676 (-1.3%) • ETH $208 (-3.9%) • XRP $0.21 (-6.2%)
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Thomas Thornton, the head of Hedge Fund Telemetry, has made the headlines for his accurate predictions regarding the direction of Bitcoin’s trend. Relying on the Tom Demark (TD) sequential index, the former portfolio manager forecasted some of the most profitable tops and bottoms that the flagship cryptocurrency has had over the past months. In mid-December 2019, Thornton said that BTC was poised to reverse as it was falling below $6,500. Thereafter, the buying pressure behind the pioneer cryptocurrency rose significantly, which led to the beginning of a new uptrend. Then, on Feb. 7, the trading veteran recommended his Twitter followers to close their long BTC positions. Six days later, the bellwether cryptocurrency topped at a high of $10,500 and began its downward trajectory towards $4,000. Now, he believes that Bitcoin could have reached a local top, which may result in a steep decline. More news ⏬Crypto traders go into hiding as BitMEX continues losing market share
The crypto market has been subjected to immense volatility throughout 2020, with Bitcoin plummeting to lows of $3,800 in mid-March before incurring an intense rebound that has since led it all the way up to highs of $9,500. Crypto.com announces a “Halving Special” with Bitcoin 50% off, but supply is limited
Cryptocurrency payment platform Crypto.com announced the launch of a special Bitcoin halving offer set to take place on 06:00 UTC, May 12. Supply-demand dynamics show Bitcoin may be poised for “exponential” rally
Just six weeks after Bitcoin crashed to $3,700, the cryptocurrency has started to push $8,000 — more than 115 percent higher than the March lows. Venture capitalist: We’ve never seen a compelling reason to hold Bitcoin SV
Years after their respective forks, both Bitcoin Cash (BCH) and Bitcoin Satoshi’s Vision (BSV) have remained at the top of this nascent market, representing the fifth and sixth largest cryptocurrencies, respectively. After Bitcoin’s near 50 percent drop in March, exchanges lost institutional volume and reveal over 100,000 BTC withdrawals
Cryptocurrency exchanges and retail traders alike felt the effects of Bitcoin’s sudden fall in March 2020. While the latter may have lost significant capital on long positions, the drop has compelled exchanges to exist in an institution-less and low-volume environment. Data shows that the ongoing crypto rally could be highly sustainable
Bitcoin saw a technically significant uptrend today that allowed it to erase virtually all of the losses resulting from the meltdown it faced in mid-March. What else?🌍 Wanchain-backed FinNexus expands to XRP Ledger for tokenizing real-world assets 🖥 Cardano founder Charles Hoskinson: Founders must decouple from the cryptocurrency 🛣 Here’s why Bitcoin’s dwindling open interest could be great for bulls Featured sponsors🎬 ChainFlix - ChainFlix is a revolutionary blockchain-based P2P video streaming platform that allows viewers, content creators, and enhancers to monetize their time, contents, and efforts. In the Chainflix platform, coins are to be mined during the video-viewing process, and all participants in the system (content creators and activators, storage providers, viewers, operation participants and advertisers) are organically connected in a way to ensure user-oriented operation and fair distribution of blockchain-based and PoA algorithm-mined coins among the participants. Learn more ☁️ Bitcoin Wallet - Bitcoin Wallet is a cloud-based mobile and desktop cryptocurrency storage and exchange app with a focus on security, speed and convenience. Bitcoin Wallet allows you to use any coins, tokens and blockchains without any restrictions and limits. Learn more 💳 Crypto.com - Founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. With over 1 million users on its platform today, Crypto.com provides a powerful alternative to traditional financial services, turning its vision of ”cryptocurrency in every wallet” into reality, one customer at a time. Learn more 📈 AMFEIX - AMFEIX groups investors' funds into a pool that is managed by experienced traders on liquid exchanges. Our team of professional technical traders and analysts execute open market operations on a daily basis and make profits from the volatility. Learn more Want to be seen here? Contact us Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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Hedge fund manager who told you to sell Bitcoin at $10,500 is once again calling the top