A rough week for Bitcoin is turning into a big hangover at the weekend as the sells keep the pressure on. For the first time in over six months BTC dipped below $7k and further losses are looking likely. Bitcoin Hits 6 Month Low The 2019 crypto rally is becoming a distant memory as the…
A man suspected of online piracy has had almost US$4.3 million in cryptocurrency seized by authorities in New Zealand. Police also seized a further $700,000 in bank funds. The funds were restrained by the Criminal Proceeds Recovery act. It is by far the largest seizure of cryptocurrency ever in New Zealand. NZ Authorities Seize Online…
Bitcoin (BTC) has found itself caught firmly within a bearish downtrend over the past several weeks, which has led its price to plummet down to $7,000, with today’s drop marking a full retrace of the gains that were incurred in late-October. Analysts are now noting that Bitcoin is currently trading at a key long-term technical…
The price of bitcoin and several other major cryptocurrencies have dropped dramatically over the last 24 hours, wiping billions from their value. Bitcoin fell by more than 10 per cent to take its price below $7,400 (£5,700) for the first time since May, with no sign of the current crash slowing down. Ethereum, ripple, bitcoin…
It’s not uncommon for technical crypto analysts to compare Bitcoin price charts with that of other assets hoping to draw some comparisons that an actionable strategy can be derived from. The leading crypto asset by market cap has been closely following the price action of early Nokia stocks, and if Bitcoin continues to follow the…
Bears are back, and they’re back with a vengeance. As of the time of writing this, Bitcoin (BTC) is trading at $7,100, having plunged as low as $6,800 — an extremely important long-term price level. The cryptocurrency market is down some 8% in the past 24 hours, and seems poised to tumble lower. With that…
The crypto market this morning is a sea of red, following a massive breakdown by the leading cryptocurrency by market cap, Bitcoin. The market leader breaking down has led to as much as 10% declines across the board in most altcoins, including Ethereum, EOS, Binance Coin, and many others. Is this time to buy the…
Following an incredible parabolic rally and recovery during the first half of the year in 2019, Bitcoin price has spent the second half of the year in an ongoing downtrend that has taken the price of the asset back into a range not traded in since the depths of the bear market. Does this mean…
The Shanghai branch of the People’s Bank of China has just commented on crypto yet again. According to the announcement, published on Friday, the branch of the Chinese central bank has observed a resurgence in cryptocurrency-related speculation through ICOs, IEOs, STOs, and other capital-raising/token distribution methods. Related Reading: Bitcoin Readying to Drop 85% to $1,000,…
Bitcoin price is down 6% and tested $7,400 (discussed in the medium term outlook) against the US Dollar. The price is showing no signs of a strong recovery and remains at a risk below $7,800. There is a key contracting triangle forming with resistance near $7,650 on the hourly chart of the BTC/USD pair (data…