Bitcoin price extended gains recently and broke the $8,100 and $8,200 resistances against the US Dollar. The price seems to be setting up for more gains above the $8,300 resistance area. There is a crucial bullish trend line forming with support near $8,140 on the hourly chart of the BTC/USD pair (data feed from Kraken).…
The much anticipated Bakkt platform looks like it is finally ready to launch this July. Those behind the project and many in the wider crypto asset space are hoping that the institutional-grade offering will encourage investors with the deepest pockets to enter the Bitcoin market. Bakkt plans to appeal to the wealthiest class of investor…
Binance, one of the world’s leading cryptocurrency exchanges by trading volume, has been making wave after wave across the crypto industry in recent weeks. The Malta-based trading platform known for its exotic altcoin offering has saw its native crypto token soar, launched a DEX, debuted their Binance Launchpad platform for the much hyped IEO tokens,…
Bitcoin (BTC) and the aggregated cryptocurrency markets have been able to find some stability after their upwards surge yesterday, which may be a bullish sign that points to the possibility that further gains are imminent in the near-future. Additionally, this upwards move has led multiple technical indicators to begin flashing bullish signs, and any bullish…
Being a decentralised project, with no CEO or board members, Bitcoin has always been lacking an official marketing department. However, that has not stopped the world’s first viable digital asset becoming worth billions of dollars. Whereas many other crypto asset companies have dedicated teams to promote their coin or token, Bitcoin must rely on the…
Throughout its short history, Bitcoin (BTC) has been seen as anything but centralized, sovereign, and censorable. The crypto asset was created by a pseudonymous individual, is secured by a global group of miners, and is backed by no government, traditional finance system, or common entity. And as a result, many have looked to Bitcoin and…
Bitcoin price broke to the upside and cleared the $7,950 and $8,000 barriers against the US Dollar. The price even broke the $8,200 resistance area and it is currently correcting lower. There is another major breakout pattern forming with resistance near $8,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…
The Deputy Prime Minister of Italy has proposed a new tax on cash and other valuables held by citizens at banks. If actually imposed, the measure could drive people towards Bitcoin as a way to keep their savings safe from cash-strapped government ministers. The proposal comes as rising geopolitical tensions are impacting other investment markets,…
Bitcoin (BTC) adds 6.1 percent Ahead of next year’s halving, BTC is likely to inch higher Tone Vays, a Bitcoin supporter and a former Financial Analyst at JP Morgan, is edgy of the current uptrend. BTC is ranging, and prices aren’t steady above $8,000. That’s what’s visible in the daily chart. Therefore, unless otherwise there…
After an extended period of sideways trading, Bitcoin and the aggregated crypto markets have been able to surge today, which has allowed BTC to break above its previously strong resistance level that existed at $8,000. Although this upwards surge is certainly bullish, Bitcoin does still face some resistance around $8,200, but a break above this…