Bitcoin price formed a double bottom pattern near $4,940 and climbed higher against the US Dollar. Bulls pushed the price above the key $5,150 and $5,160 resistance levels. Yesterday’s highlighted major bearish trend line was breached at $5,110 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently trading…
The recent Bitcoin SV (BSV) imbroglio first began when those backing the cryptocurrency took legal action against popular figures within the crypto community who had been outspoken against both BSV and its mastermind, Craig Wright – who is widely seen as a charlatan who incessantly claims that he is the true Satoshi Nakamoto. BSV, which…
One of France’s most iconic buildings lies virtually destroyed after a tragic fire consumed it last night. In response to the incident, which has moved much of the planet, a group of French Bitcoin advocates have set up a crypto appeal. The blaze is now under control but millions of euros worth of architecture and…
The large upwards momentum that Bitcoin incurred over the past couple of weeks appears to have petered out as BTC has failed to advance past $5,400 since surging from lows of roughly $4,000 last month. Despite the dwindling momentum, the rally that brought the enduring “Crypto Winter” to an end may not be over yet,…
Bitcoin and most of crypto is surging once again. The entire market capitalisation for all digital assets has risen from a daily low of $171.33 billion to over $176.5 billion at the time of writing. Whilst this week has certainly been a dramatic one in terms of news events, there is nothing immediately apparent that…
It is impossible for the bitcoin price to stay below $1 million by the year 2020, said John McAfee. The British-American cybersecurity expert cited basic mathematics as his single metric to justify his six-figure prediction for bitcoin. He stated that bitcoin’s behavioral economics was utterly different from that of stocks, adding that one could not…
In the eyes of many across the globe, including anti-establishment figures, credited and established economists, and consumers, the macroeconomy could be on the verge of collapse. In fact, in a recent Bloomberg op-ed, Narayana Kocherlakota, the former president of the Federal Reserve’s Minneapolis arm, advised his old employer to prepare for a crisis. But Bitcoin…
After picking up some steam this past Sunday, Bitcoin was able to approach the $5,200 level before dropping slightly. Although the previous drop – which sent BTC reeling back towards the lower-$5,000 region last week – seemed to mark the end of the surge, it now appears that the markets have further room to climb…
Over the past couple of weeks Bitcoin SV – the Bitcoin Cash hard fork that is the brain-child of Craig Wright and Calvin Ayre – has been embroiled in controversy, mainly due to the legal action being brought about by BSV’s champions against popular figures within the cryptocurrency industry. These figures were targeted after they…
Bitcoin price close above $5,000 Analysts and Investors confident of market recovery The Bitcoin moon-sling chorus is only getting louder as the market ooze confidence thanks to early April upswings and supporting candlestick arrangement. Even so, there should be a conclusive close above $6,000 before bulls lift prices higher. Bitcoin Price Analysis Fundamentals Not only…