Bitcoin price declined heavily and later found support near the $3,630 level against the US Dollar. The price recovered recently and traded above the $3,700 and $3,750 resistance levels. There is a short term ascending channel in place with resistance at $3,880 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…
Billionaire investor and Berkshire Hathaway CEO, Warren Buffet, has once again offered his thoughts on Bitcoin (BTC). Appearing on CNBC earlier today, he stated that his position on the digital currency had not changed. However, the more Buffet offers in way of critique of Bitcoin, the more it appears that he cannot differentiate the fintech innovation…
Bitcoin has started Monday off trading up slightly after experiencing increased levels of volatility over this past weekend. BTC has so far respected $3,800 as a level of support, but also faces strong resistance around $4,200, which is the price point at which the cryptocurrency’s price dropped after touching. Although this recent volatility was unexpected,…
Bitcoin is going to be worth a million dollar. The extremely bullish target is once again trending high inside the cryptocurrency space thanks to Jesse Lund. The IBM executive, who heads the firm’s blockchain & digital currencies wing, recently said in an interview that bitcoin would reach a seven-figure value. Media ran the story. People spread…
What goes up must come down. Many had predicted a market correction but few of them expected it to be so fast and so violent. In just over an hour $14 billion was unceremoniously dumped out of crypto markets as Bitcoin and its brethren plunged back below previous levels of resistance. 2019’s Largest Single Day…
Since Venezuela entered its current crisis, Bitcoin (BTC) and cryptocurrencies become a popular subject in the nation. Carlos Hernández, an economist in the strife-filled Latin American nation, recently issued a New York Times op-ed to discuss the matter, elaborating on why the flagship crypto can be a proper hedge against the hyper-inflating bolivar. Related Reading: Naval:…
Since Bitcoin (BTC) gained traction in the mainstream media, many skeptics and economists have claimed that the cryptocurrency space resembles the Dotcom boom and bust at the turn of the millennia. Thus, many have argued that the crypto market’s cycles will likely make many reminiscent of the Nasdaq, a tech-centric stock index, in 2000 to…
The crypto markets plummeted today following yesterday’s price surge that was widely seen as being highly bullish by many analysts. Yesterday’s sharp and sudden surge sent Bitcoin above $4,000, which had previously been a strong level of resistance for BTC. Today, however, the crypto markets have plummeted, sending BTC down towards $3,800. This recent volatility…
With the crypto market’s recent price action in mind, analysts are starting to come to the conclusion that bears are putting an end to the bloodshed. A number of traders and industry commentators recently took to Twitter to tout their optimism on the Bitcoin price. Traders Hint At Crypto Market Bottom StormXBT recently noted that the…
Bakkt, a digital asset platform which is set to introduce the very first physically-settled bitcoin futures, will launch later this year. And, according to Alec Ziupsnys, the launch could legitimize the dominant cryptocurrency before 100 million potential users per week. The chief innovation officer at BlockEdge Capital tapped on how Bakkt’s partnership with Starbucks was…