Global economist Nouriel Roubini expressed his rage against Bitcoin and blockchain while displaying his profound lack of understanding in the field. A Political Rap against Crypto Roubini was present at an informational hearing round “Exploring the Cryptocurrency and Blockchain Ecosystem” organized by the US Senate Committee on Banking, Housing, and Urban Affairs, alongside Peter Van…
Despite its best efforts to keep crypto out of India, it appears that the Indian government is still not willing to completely exclude cryptocurrencies. According to the new announcement, India is making plans to launch its own digital currency. India Plans to Launch a Government-Backed Cryptocurrency One senior government official from a board created by…
Key Points Bitcoin price traded higher recently and broke the $6,600 and $6,620 resistance levels against the US Dollar. There is a major bullish trend line in place with support at $6,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to climb higher towards the $6,650, $6,700…
Key Points Bitcoin price formed a decent support near the $6,400 level against the US Dollar. There was a break above a major bearish trend line with resistance at $6,540 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is struggling to gain momentum above the $6,600 and $6,650 resistance…
Bitcoin’s volatility rates have hit a 17-month low, due to a combination of a slow news cycle and low trading volume, leading some investors to believe that the lack of volatility could signal a maturing market. Despite this, debate remains as to whether or not a stable Bitcoin is a positive sign for its future.…
Key Points Bitcoin price remained below the $6,600 resistance level against the US Dollar. This week’s followed important bearish trend line is still active with resistance at $6,585 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair has to clear the $6,585 and $6,600 resistance level to gain traction in…
Key Points Bitcoin price broke the $6,540 and $6,520 support levels to move into a bearish zone against the US Dollar. Yesterday’s highlighted important contracting triangle was breached with support at $6,520 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair tested the $6,400 support level and it is currently…
Key Points Bitcoin price is trading in a tight range above the $6,540 support against the US Dollar. There is a key contracting triangle in place with support at $6,545 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is poised to make the next move either above $6,610 or…
Price analysts and charting experts are conflicted as to whether or not the recent price rise and persisting stability for Bitcoin and the general cryptocurrency markets signals growing strength or represents the calm before the storm. One charting expert believes that the technical damage done to Bitcoin over the past nine months will take several…
Key Points Bitcoin price is placed well above the $6,440 support level against the US Dollar. There is a crucial bullish trend line formed with support at $6,540 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to break the $6,625 and $6,665 resistance levels to trade further…