- Bitcoin could jump above its year-to-date high despite correcting by $1,500 on Tuesday.
- The upside prediction comes from the cryptocurrency’s 14-week Relative Strength Indicator.
- The technical indicator’s readings are above levels that maintain the market’s overall bullish bias, confirming a moderate buying sentiment.
Bitcoin is most likely to extend its upside momentum above $10,500 despite failing to test the level repeatedly since February 2020.
So hints Relative Strength Index (RSI), a momentum oscillator that measures the speed and change of an asset’s price movements. The widely-followed indicator is now signaling a long-term upside rally above $10,500, Bitcoin’s year-to-date high based on its latest readings.
Notably, RSI identifies an asset’s oversold and overbought conditions based on numerical parameters oscillating between zero to 100. A reading above 70 reflects an overbought asset, while the same below 30 indicates an oversold one. Readings between 30 and 70 show a neutral area.
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Half-Life: Alyx looks to be VR’s new killer app. However, the platform already had its fair share of solid releases. Half-Life will help bring people to VR, these killer apps will make them stay. The rise of virtual reality has been a long time coming. From the early experimental days of Sega VR and Nintendo’s Virtual Boy to the extreme immersion seen within the upcoming Half-Life: Alyx, it has never been a better time to get into the space. But, as good as Valve’s upcoming title looks (and it looks good), you’d be doing yourself a disservice to only pick up that game. A VR headset is worth your investment for a variety of other reasons as well – and that was the case before we knew of this latest Half-Life. Half-Life: Alyx releases on March 23rd, and it looks to be a system seller, alright. | Source: Twitter Virtual Reality Was Fine Before Half-Life: Alyx 2017 was a notable year for virtual reality software. In May, we saw the release of arguably my favorite VR title to this day:…Feb 14, 2020
The fintech arm of China’s largest insurer and a logistics conglomerate are teaming up to develop a blockchain-based information-sharing platform for one of the country’s biggest trading hubs. ,Apr 3, 2020
Bitcoin price will hit $30,000 by the end of 2019, according to Kenetic Capital co-founder Jihan Chu. In an interview with Bloomberg, he points to three bullish factors including the upcoming bitcoin halving, the disappointment of tech IPOs, and the likes of Facebook and Fidelity embracing crypto. Chu’s $30k price target comes as bitcoin teases the $9,000 mark and ticks over a $150 billion market cap. “Ten years out from the bitcoin story, and we are starting to see the story become a reality. and what people are really seeing now is that cryptocurrency is not going away” – Jihan Chu. 1. BITCOIN PRICE BOOSTED BY FACEBOOK, JP MORGAN, FIDELITY Chu says big companies will drive the next phase of bitcoin adoption. Facebook recently announced its “Globalcoin” project while JP Morgan revealed its own JPMCoin to settle payments. Fidelity has launched institutional crypto custody. “You don’t have to take my word for it. It’s Facebook, it’s Jamie Dimon, it’s Rakuten, it’s Fidelity. All are getting in the space either in building the infrastructure or providing services. That’s going to drive mining share and adoption.” 2….May 28, 2019
View Bitcoin is gaining amid a selloff in fiat currencies and could rise further if the U.S. stock markets track European equities higher. Technical charts indicate scope for a rise to key resistance at $5,926. A move higher would confirm a breakout on the hourly chart and may propel prices toward $6,400. Bitcoin is on the rise Thursday morning (UTC), showing resilience in the face of a global dash for dollars seen in the foreign exchange markets. At time of writing, the cryptocurrency is trading near $5,670, representing a 9.4 percent gain on a 24-hour basis. Bitcoin found bids near $5,260 during the Asian trading hours and has been climbing since, according to CoinDesk’s Bitcoin Price Index. While bitcoin is flashing green against the U.S. dollar, most fiat currencies are currently trading in the red. For example, the British pound-to-dollar exchange rate is hovering near 1.1555, the lowest level since 1980. The currency pair has dropped by nearly 8 percent this week. The Australian dollar fell to a 20-year low of 55 U.S. cents early on Thursday and is currently…Mar 19, 2020
The world’s combined debt will hit $255 trillion by the end of 2019 — equal to $32,500 for each person on the planet or $12.1 million per Bitcoin (BTC). Bitcoin figures reacted with shock to the latest figures from the Institute of International Finance, which this month updated its Global Debt Monitor. $12.1 Million per single Bitcoin By the end of the year, the world’s debt will have expanded by an extra $12 trillion compared to the end of 2018. The timely data comes as United States national debt alone hits $23 trillion, with the Federal Reserve undaunted by the idea of debt continuing to expand. As Cointelegraph reported, while Fed chair Jerome Powell has described the current debt trajectory as “unsustainable,” he considers there to be no critical problems with not paying it off. For Bitcoin proponents, however, the verdict on the fiat economy creating over $12 million of debt for each Bitcoin that will ever exist was obvious. “Plan A has already failed,” online analyst Rhythm summarized on Nov. 15. “That’s how you fight the war today” Never…Nov 18, 2019
Blockchain.com, a crypto services and blockchain technology company, announced a few weeks ago a new partnership with Blockstack to integrate the Stacks (STX) token into its products including the Blockchain Wallet, Blockchain Explorer, Blockchain Markets and new crypto exchange, The PIT. To commence the partnership, the Blockchain.com team confirmed today that Stacks (STX) will be the second token in its airdrop program. Qualified Blockchain Wallet users will receive the STX airdrop before February 2020. Blockstack Founded in 2013, Blockstack’s decentralized computing network and app ecosystem has attracted hundreds of independent developer teams to create apps that put users in control of their data. These apps offer private, secure alternatives to large tech companies. There are currently over 300 applications on the Blockstack network. “Blockstack has methodically built the foundation for a new internet where users are in control of their data and identity. We look forward to not only expanding the number of Stacks holders, but also on-boarding them into an ecosystem of apps that puts the sanctity of their data first.”– Peter Smith, Blockchain.com CEO and Co-founder Earlier this…Nov 28, 2019
On June 25, JPMorgan Chase revealed that its digital currency “JPM Coin” will start trial operation as early as this year. This is an important project centered on the international settlement field at JPMorgan Chase. As a digital currency for instant settlement, the model is similar to virtual currency using DLT technology. JPM Coin is a digital currency based on blockchain that anchors US dollars in 1:1 and is designed to enable instant payment using blockchain technology. JPM Coin is currently a prototype product and is currently being tested only among a handful of JP Morgan Chase customers. Since the release of Libra white paper on June 18, the attention of encryption industry, financial industry, regulatory agencies and even major media has not stopped. But whether the industry supports or opposes it, final opinion will fall on “regulation.” Bank of England Governor Mark Carney said at a meeting of the European Central Bank,”he is‘open’ attitude to the potential utility of Facebook’s cryptocurrency program. “But he also warned, “After the plan is implemented, it may face strict supervision.” On June 20, blockchain expert…Jun 27, 2019
A Chinese city is encouraging bitcoin mining, a payments processor joins Libra and the World Economic Forum is looking to blockchain to solve supply chain distortions. Situated amid the plateaus of the Szechuan province, Ya’an city is encouraging the blockchain industry to take advantage of excess hydroelectric power produced during the region’s summer rainy season. Without stating it outright, this public alert is a tacit approval of the energy-intensive bitcoin mining industry. Here’s the story: You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here. Top Shelf Excess ElectricityA Chinese city in the world’s bitcoin mining hub is encouraging the blockchain industry to help consume excessive hydroelectricity ahead of the summer rainy season. “On principle, blockchain companies should construct factories near power plants that have excessive power and are integrated with the State Grid,” reads guidance published by the city of Ya’an. Latest MemberCheckout.com, an online payment processor, is the newest member of the Libra Association. The company revealed Tuesday it would join the…Apr 29, 2020
The recent volatility seen within the crypto market has led to widespread liquidations amongst Bitcoin traders This has caused the open interest seen across most major exchanges to plummet, with the slow recovery being a sign that many of these traders are now moving to the sidelines One interesting occurrence seen while looking towards the Binance spot orderbook points to aggressive buying amongst active investors. This favors longs and could help bolster BTC Bitcoin has seen some immense volatility throughout the past several days and weeks. This turbulence came about after Bitcoin sharply ran to highs of over $10,000 before facing a rejection that ultimately led it to decline to lows of $8,000. In the time since this decline, BTC has seen a sharp rebound that has allowed it to recoup the majority of these losses. It is still trading well below its weekly highs, but it is showing some signs of underlying bullishness. Analysts are now pointing to one interesting occurrence seen while looking towards the Binance spot orderbook as a reason why the crypto may soon climb higher….May 12, 2020
Twitch star Pokimane faces calls to be suspended from the site after accidentally showing pornography during her stream. The streamer opened a tab from PornHub during a stream on May 19, 2020. Some feel that she should face the same punishment as streamers like Alinity and Amouranth, who have also been suspended from Twitch for nudity. Star Twitch streamer Pokimane had an embarrassing moment in a stream this week. She accidentally showed pornography during a stream. Pokimane, who has 4.8 million followers on Twitch, (warning: link NSFW) opened a browser tab with a paused PornHub video during her stream on May 19, 2020. Scarce Suggests No One Else Should Be Banned for Nudity on Twitch Since the incident, some have called for Pokimane to be suspended from the site. Scarce, who runs a YouTube news channel, suggested that if Pokimane doesn’t get banned for this, then no one else should get banned from Twitch for nudity. YouTuber Scarce thinks streamers shouldn’t be banned for nudity. | Source: Twitter Pokimane’s accident draws comparisons to other female Twitch streamers who have had…May 23, 2020