Crypto investors were incredibly disappointed earlier today after Bitcoin surged to highs of $9,000 before it began reeling lower, which has led many analysts to believe that a deeper pullback is imminent. Despite this, one billionaire investor and crypto enthusiast recently explained that he believes BTC will begin consolidating between $7,000 and $10,000, which could…
Weekly peer-to-peer trading volume in the Latin American bitcoin market has been rising steeply, according to data provided by LocalBitcoins.com. The over-the-counter bitcoin trading portal found that Argentina, Chile, Mexico, Columbia, Peru, and Venezuela are posting more offline trading activity than that reported on the global average scale. Measured against their local fiat currencies, the…
Some think it’s too early to call it, but the Bitcoin (BTC) bull run is seemingly back on the table. Over the past two months, the cryptocurrency market has seen the bitcoin price double, rallying from $4,200 to $8,600, the price as of the time of writing this, in a 2017-esque fashion. With this jaw-dropping…
Bitcoin price corrected lower recently and tested the $8,425 support against the US Dollar. The price bounced back and it is currently trading above the $8,600 resistance area. There was a break above a key bearish trend line with resistance at $8,690 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…
Another suspected dark web drug dealer is about to stand trail because he wrongly believed Bitcoin transactions were entirely anonymous. This has prompted the US Attorney for the Northern District of Texas, Erin Nealy Cox, to issue a warning for all those attempting to deal drugs online using Bitcoin. In the early days of Bitcoin,…
Bitcoin capped at $9,000 Andy Cheung is bullish, expects BTC to spike to $20,000 According to Andy Cheung of OkEx, Bitcoin’s fair value is $20,000. In the meantime, prices are correcting and oscillating inside May 26th trade range with caps at $9,000. Bitcoin Price Analysis Fundamental After two months of a relieving rally, BTC prices…
Over the past 48 hours, Bitcoin (BTC) has begun to locally top out, with buying pressure slowing and prices slightly slipping. One prominent investor, however, explains that we’re just getting started, looking to strong fundamentals in the broader cryptocurrency sector. In fact, he explains that by year’s end, BTC will have moved past $20,000, and…
Since its third major surge of the now two month old Bitcoin rally, the king of crypto has held on to all of its gains. Support and resistance zones have shifted to new higher levels and the chart, when zoomed out, looks unnaturally parabolic, remnant of the December 2017 one. Bitcoin Bull Flag A descending…
Bitcoin price topped near the $8,950 level and recently corrected lower against the US Dollar. The price declined below the $8,700 and $8,620 support levels to enter a short term bearish zone. There is a major bullish trend line forming with support near $8,300 on the hourly chart of the BTC/USD pair (data feed from…