Bitcoin SV, a somewhat controversial hard fork of Bitcoin Cash, has suddenly spiked by as much as 17% intraday following legal developments in the Craig Wright legal battle with the late David Kleiman.However, there is one important lingering factor that could cause this rally to run out of steam and eventually lead to a lot…
The price of Bitcoin SV (BSV) surged by a massive 28 percent on Friday as traders assessed a key development in the ongoing legal dispute involving founder Craig Wright.The self-proclaimed Bitcoin creator submitted a total of 428 documents to the plaintiffs, one of them allegedly including details of a trust that holds billions of dollars…
Recently, a study was released that suggests that gaps left on CME Bitcoin futures charts are filled with as much as 95% accuracy, and often fill during the first week trading resumes.Because of how accurate the data appears to be, pair of gaps remaining on CME Bitcoin futures charts could hint at where Bitcoin price…
The correlation between gold and bitcoin has reached its highest levels since August 2016, according to a new study.Arcane Research, a cryptocurrency-focused data analysis firm, noted a steep direct proportionality between the two rival assets. In a report published on Friday, the firm mentioned that the correlation was “below zero just half a year ago”…
Bitcoin price followed a bearish path after it failed to surpass the $8,500 resistance against the US Dollar. BTC is now approaching a crucial support near $7,750 and $7,600.Bitcoin is trading near a significant buy zone at $7,600-$7,750 against the US Dollar.The bulls are likely to gain control if they are able to protect $7,600.There…
After posting what appeared to be a grim break below $8,000 yesterday, Bitcoin’s bulls have thus far been able to step up and defend a key monthly support level that is the only thing stopping BTC from posting significantly further losses.The cryptocurrency’s ability to hold above this level is bullish, and further confirms the possibility…
It seems that not a day goes by without a news story highlighting the shortcomings of the current banking system. In a world with alternatives growing in viability daily, incidents, like the following, serve as a powerful incentive to pay attention to Bitcoin.The latest example of the power banks have over individuals comes from Canada…
This morning, crypto Twitter lit up with discussion over an altcoin that was once buzzing during the 2017 crypto hype bubble went on a sudden rally against Bitcoin.Before the rally began to retrace, the pump saw a massive 50% gain against BTC in a single day, giving crypto investors who were around during the bubble…
There exists a schematic depicting the psychology driving the different stages of a market cycle, and it often gets shared in response to the current sentiment in Bitcoin markets.According to the “Wall Street Cheat Sheet,” investors in the first-ever cryptocurrency could be in denial and will be caught off guard if Bitcoin falls significantly lower…
Bitcoin (BTC) has had a great start to 2020, rallying 16 percent higher from the $6,800 lows put in last week. Although some say it is too early to tell if the cryptocurrency market is out of a bear phase, a prominent analyst who called this latest move is convinced BTC has further to surge.Related…