Bitcoin (BTC) has recovered from recent lows and settled above $9,700 handle. At the time of writing, BTC/USD is changing hands at $9,767, gaining nearly 3% in recent 24 hours amid growing upside momentum. Twitter account “Whale Alert,” registered another spike of crypto whales activity. The big accounts got to life and moved around about […]
Month: July 2019
Bitcoin’s (BTC) bulls have reason to be optimistic despite the recent 33 percent price drop, as a long-term technical indicator has turned bullish. The 50-candle price average has crossed above the 200-candle average on the three-day chart, confirming a golden cross – a bull market indicator. That is the first such crossover on the three-day […]
Donald Trump’s time as U.S. president has been filled with events and talking points that illustrate the utility a digital, apolitical money like Bitcoin. While the precursor to this post covered Trump’s policies and talking points that have been beneficial for the Bitcoin price, this post will cover Bitcoin-related events that directly involve the president […]
Bitcoin surged $1,000 in just 30 minutes during U.S. trading hours Thursday, a move that found the leading cryptocurrency rising from $9,335 to a high of $10,400, based on Bitstamp data. The sudden rally could be associated with the massive unwinding of short BTC/USD positions (profit taking) seen in 30 minutes to 15:00 UTC, as reported […]
If bitcoin (BTC) breaks $14,000, it is going straight to $20,000. I hope you will allow me a little wriggle room in that but a break of $14,000 will make a fast move to about $20,000 very likely indeed. This is the setup: The Bitcoin chart: an explosive technical setup CREDIT: ADVFN This is an explosive […]
The bitcoin price has roughly tripled since the start of the year, and most people have associated the price movements with the hype around Facebook’s upcoming Libra cryptocurrency — even though Libra is very different from Bitcoin. While bitcoin has been on a tear this year, nearly all of the major altcoins have not been […]
The bitcoin price has dived after touching year-to-date highs of $13,880 per bitcoin on the Luxembourg-based Bitstamp exchange late last month to trade at lows of $9,710 earlier this morning. The sudden bitcoin, ethereum, Ripple XRP, and litecoin price sell-off comes after warnings bitcoin is heading for a “violent breakdown” and technical data that showed […]