Bitcoin price traded to a new 2019 high at $8,370 and recently corrected lower against the US Dollar. The price traded below the $8,200 support, but there are many supports above $7,800 and $7,600. This week’s followed bullish trend line could provide support at $7,800 on the hourly chart of the BTC/USD pair (data feed…
It’s no secret that one hallmark of Bitcoin and the entire crypto markets is that they are volatile, going through major pricing cycles at a rapid speed that limits investing in the nascent technologies for only the brave of heart. Despite this, recently released research signals that Bitcoin actually has a far higher risk-return ratio…
Leading crypto asset management firm Grayscale Investments has recently launched a campaign attempting to dissuade investors from gold whilst demonstrating the advantages of digital assets such as Bitcoin. The latest effort depicts Richard Nixon with words to the effect that gold wasn’t good enough for Nixon, so it isn’t a good investment today. The problem…
While the current parabolic Bitcoin rally has caused the altcoin market to bleed out, many of the large cap crypto such as Ethereum recently bounced at long-term support, and are expected to rally significantly in the coming days as Bitcoin consolidates. Crypto investors across the market are particularly bullish on Ethereum, which has been underperforming…
Bitcoin (BTC) prices up but in tight ranges The US SEC delays their decision on Bitwise Bitcoin ETF After their decision on Bitwise Bitcoin ETF, all eyes are on the US SEC and whether they will finally approve any of the many applications. Even so, buyers are in charge with prices soaring 70 percent after…
It is difficult to accurately predict the price trend of highly volatile assets like cryptocurrencies. One could attempt at least to predict a near-possible scenario based on the cryptocurrency’s valuation based on available financial strategies. It is – though – not clear which theory Joseph Lubin, a prominent blockchain pioneer, applied to the bitcoin market.…
It isn’t a secret that Bitcoin (BTC) has absolutely surged over the past six weeks. In that time period, the crypto asset rallied from a key resistance at $4,200 to $8,100, where it resides now. While such a move was covered incessantly by mainstream media outlets, little evidence indicated that consumers, who were likely still…
While Bitcoin has the entire crypto world watching in shock and awe as the seemingly unstoppable rally continues, its crypto cousins in the altcoin market have only further dropped relative to their BTC ratio. However, according to previous altcoin/BTC bear cycles, an end to the carnage may be in sight. And once the bearish momentum…
Kevin O’Leary has stated that Bitcoin is “garbage” , a “digital game”, and ultimately, “worthless”. The Shark Tank investor attacked Bitcoin and the rest of the crypto industry largely based on the current volatility of digital assets. The successful entrepreneur states that because he was unable to buy property using the popular digital asset, it…
Bitcoin (BTC) surge 40.8 percent After Bill and Warren, Kevin now says Bitcoin is useless Kevin O’Leary, the millionaire Shark Tank Host says Bitcoin is a useless currency with no use. Nonetheless, Bitcoin is a platform that is already disrupting traditional setups. After tomorrow, Bitcoin (BTC) could surge above $8,500. Bitcoin Price Analysis Fundamentals It’s…