The price of bitcoin closed the second quarter of 2019 at a profit of approx 189 percent. Many claimed that it was Facebook’s Libra announcement that injected a fresh wave of optimism in the bitcoin market. Others believed that the ongoing US-China trade war and its impact on the macroeconomic sentiment influenced investors to consider…
Most of the serial critics had fallen silent during the crypto winter of 2018 as Bitcoin and its brethren fell out of favor in the mainstream media. Now that BTC has surged over 200 percent, breaking into five figures again, they have started crawling out of the woodwork, full of vitriol as usual. Dr Doom:…
After a solid rally there will always be a correction, it is in the nature of markets. Bitcoin’s parabolic surge to just under $14,000 in barely three months had to end somewhere and this week that pullback has deepened. Most are confident that a new bull market has been established so new buyback zones are…
There were continuous losses in bitcoin price below the $10,500 support against the US Dollar. The price even broke the key $10,000 support and traded to a new weekly low. There is a major declining channel forming with resistance near $10,270 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair…
Bitcoin and the aggregated crypto markets have once again extended their downwards movement that first began when BTC hit $13,800, which now appears to be a local top that may hold for the near future. Related Reading: Bitcoin Breaks Parabola With Big Downtrend, a BTC Correction Inbound? Despite this, Bitcoin is fundamentally robust currently, which…
It seems that once again, a crypto exchange has beat Bakkt, the Bitcoin (BTC) venture launched by the New York Stock Exchange, to the punch. Announced Monday afternoon, ErisX, a Chicago-based cryptocurrency startup, has secured a “derivatives clearing organization” (DCO) license from the Commodity Futures Trading Commission (CFTC). Our DCO license is the next step…
After managing to stay situated above $11,000 for a number of days, Bitcoin (BTC) has begun to slip. This is a far cry from the performance seen earlier this week, with one day seeing Bitcoin post a 20% daily gain. Related Reading: Bitcoin Must Break Above $12,444 Or Else Price Breakdown May Occur, Claims Prominent…
The bullish outlook for bitcoin improved exceptionally in the second quarter of 2019 as the cryptocurrency surged by more than 165 percent. But according to a crucial technical indicator, a sharp reversal is underway. Prominent market analyst Josh Rager spotted Shooting Star — a candlestick pattern in which an open, low, and close, are virtually the…
The Bitcoin network is looking stronger than ever but prices are starting to decline in a long awaited correction. The weekend had many thinking that the bulls could push higher, but those thoughts have been quashed Monday morning as markets continue to dump. Bitcoin Dumps 9% on The Day The weekend witnessed a minor resurgence…
Bitcoin and the aggregated crypto markets have been facing tremendous volatility over the past several days and weeks, with BTC oscillating between the $10,000 and $12,000 region, making relatively large moves between each of these two price regions. Now, the prominent analyst who predicted Bitcoin’s recent bull run is warning investors that Bitcoin may be…