Bitcoin price up 3.6 percent, finding support from breakout levels Jack Dorsey is accumulating BTC, buys $10k worth every week Current transaction levels low but up from early Feb 2019 High net-worth individuals, it seems, are ramping up at current spot levels. Down 75 percent from 2017 highs, Bitcoin is available at a discount. As…
Following the recent influx of selling pressure that sent Bitcoin’s price spiraling below its previously established support level at $3,800, the cryptocurrency’s bulls were able to garner an influx of buying pressure that sent BTC back above $3,800 and towards $3,900. It now appears that Bitcoin is facing relative levels of resistance at $3,900, and…
Since hinting at his undying support for the crypto space in late-2017 and early-2018, Jack Dorsey has become somewhat of a mythical figure for Bitcoin holders the world over. But after going radio silent on the matter of Bitcoin (BTC) for a handful of months, the chief executive of both Twitter and Square has recently…
Bitcoin price predictions have always been topics of contention. Using technical analysis alone will only give us part of the picture but fundamentally most agree that the long term outlook is strong. A number of the industry’s prominent analysts have started publicly betting on future prices of Bitcoin. Will Bitcoin Hit $1,500 or $6,500 First?…
Bitcoin price extended losses and traded below the $3,720 and $3,700 supports against the US Dollar. The price traded as low as $3,671 and it is currently consolidating above the $3,700 level. There is a crucial bearish trend line formed with resistance at $3,775 on the hourly chart of the BTC/USD pair (data feed from…
At the moment, the cryptocurrency market is primarily concerned about when Bitcoin might bottom, and not when Bitcoin price will return to its previous all-time high of $20,000. Market sentiment is currently so low, any positive movement in Bitcoin price is normally rejected by bears hoping to buy the number one crypto later at lower…
Bitcoin’s price once again dipped after it was unable to hold $3,800 as a level of support. This drop led many cryptocurrencies to plunge nearly 5% and has further confirmed that BTC does not have enough buying pressure to allow it to decisively push above $4,000. Now, Bitcoin has established a fresh support level at…
According to a report by respected accountancy firm PricewaterhouseCoopers (PwC), the individuals behind the SamSam ransomware attack are connected to the controversial cryptocurrency exchange WEX (formerly BTC-e). The Iranian hacker group is believed to have used the platform to launder up to $6 million. Two of the men identified by the US Department of Justice…
Following an extended period of sideways trading, the cryptocurrency markets dropped today as Bitcoin failed to hold above its recently established support level at $3,800. BTC’s drop below this level has led many cryptocurrencies to plunge 5% or more, signaling that greater volatility is likely to come as the week continues on. Despite the current…
Over the course of 2018, Bitcoin (BTC) broke a number of key technical levels. In some cases, the cryptocurrency fell so fast (and hard) that its moving averages didn’t catch up to it for months. And while nearly every notable support line, like the $10,000 and $6,000, have been snapped, an analyst argues that BTC…