Bitcoin has been trading around $10,500 for the last few days as price levels begin to form rising support. The question remains as to whether enough volume will enter Bitcoin in order for price levels to break up-wards through key resistance at $11,00o. Bitcoin 1-Hour Analysis On the 1 hour chart for XBT/USD, we can...Read More
While Bitcoin price makes a comeback, XRP community investors warn Ripple overselling the XRP tokens as part of the company’s investments. After last week’s poor performance, Bitcoin is back in action swinging above $10,500 levels. Bitcoin price started gaining momentum since Monday, September 2 and added $1000 over the last 24 hours. The Bitcoin price...Read More
Bitcoin bounced right off of the key triangle support on all time-frames at $9,350 on the 30th of August causing bullish divergence to play out. Since then price levels have pumped to $10,700 as price levels near a key breakout point. Bitcoin 1-Hour Analysis On the 1 hour chart for XBT/USD, we can see where...Read More
In a relief rally for the investors, Bitcoin price jumped 6% to move above $10,000 levels. With today’s move Bitcoin alone contributes to 70% of the overall cryptocurrency market cap. The Bitcoin price is finally back above its crucial support of $10,000 levels giving its investors a sigh-of-relief. Last week, Bitcoin crashed below $9500 making...Read More
Max Keiser bets on Bitcoin’s sharply rising hashrate and the Game Theory to back his predictions. He says hashrate, and not the Bitcoin price, is the true indicator of the crypto’s inherent strength. The last month of August 2019 ended almost on a flat note for Bitcoin as the cryptocurrency consolidated around $10,000 levels. In...Read More
Bitcoin’s volatility has drastically decreased over the last few weeks as price action unfolds close to key support at $9,400. This key support line creates the bottom of the asymmetrical triangle stemming from $14,000 down to $9,400 mentioned in a previous analysis on Bitcoin. Bitcoin 1-Hour Analysis On the 1 hour chart for XBT/USD, we...Read More
Bitcoin price surprises the market by slipping below $10K levels on August 28. Crytpo analysts trace Bitcoin whales moving massive BTC tokens ahead this week. On Wednesday, August 28, Bitcoin price showed a sudden downward movement crashing below $10,000 levels in just a few minutes. The BTC movement surely took the crypto investors by surprise...Read More
Bitcoin and a few major altcoins have shocked the market as they have shed significant weight in a considerably short time. Right now, the crypto market prices have lost billions and there is no pointer to a bull run in the near future. The entire crypto market has been in a free fall of sorts...Read More
Recently a political action committee (PAC) BitPAC announced that they are going to conduct an initial coin offering (ICO) to support the candidates for public office. By donating, participants will receive Politicoins in return. BitPAC, which is a political group in the U.S., decided to launch an ICO for the support of public office candidates....Read More
The upcoming CME futures expiration set for Friday is expected to have a significant effect on the next bitcoin price action as the biggest cryptocurrency threatens to plunge below the $10,000 mark. In the past nine weeks, the Bitcoin price rally has stalled. Analysts believe that the crypto may suffer a severe pullback if the...Read More
Nigel Green, the CEO and co-founder of deVere Group, which is one of the world’s largest independent financial advisory organizations, predicted that Bitcoin price could hit $15,000 and that its new normal bottom is $10,000. Nigel Green made some comments regards Bitcoin‘s price earlier this month as BTC makes a small jump in price hitting...Read More
Bitcoin breaks 5-day long up-trend, dropping back to key support levels at $9,800. Since then bullish divergence appears to have formed on lower time-frames and could spur a reversal in the coming days. Bitcoin 1-Hour Analysis On the 1 hour chart for the XBT/USD pair, we can see the ascending wedge that formed throughout the...Read More
Over the last 5 days, Bitcoin has bounced off the 0.382 Fibonacci level as mentioned in my previous analysis. Since then price levels have risen sharply testing resistance just shy of $11,000. An influx of new volume could propel price levels to $12,000 next week. Bitcoin 1-Hour Analysis On the 1 hour chart for XBT/USD,...Read More
Bitcoin can be seen bouncing off the 0.382 Fibonacci level around $9,600 as price action visibly creates an ascending wedge. Many bearish indicators point towards a break-down and lower low in the coming days. Bitcoin 1-Hour Analysis On the 1 hour chart for XBT/USD, we can see an ascending wedge has formed as a result...Read More
