• Analysts Discuss the Probability of Break Above $20,000 and Alt-Season

    Bitcoin [BTC] has continued to trade around the $10k support for quite some time now. The break above 10k came about in a bullish trend. However, a descending triangle pattern has panned out from the yearly highs.Leading crypto-analysts Tone Vays, Vanzen, Willy Woo, and David Puell weighed in on how they viewed Bitcoin price currently.Moreover, the altcoin dominance also decreased below 30% during the move. They also estimated the probability and the extent of an altseason.On Bitcoin’s Prolonged Price ActionBitcoin [BTC] has been prepping for a big move from the past couple of weeks. However, the price action has prolonged at $10,000 for quite some time now. Due to the institutional view of things and global economic turmoil, Bitcoin has enjoyed a bullish momentum in the first half of 2019.Moreover, the rise was also fuelled by the short squeeze – the capitulation of short-sellers. Vanzen talked about the general market sentiments using the Bitcoin Funding and premium index indicator developed by Neobutane.BTC/USD 1-day Chart with BitMEX Funding and Premium rate Indicator | Chart source TradingViewThe favorable funding rates and premium…

    Sep 18, 2019
  • Looking Towards the Bitcoin Halving: Will BTC Price Pump in 2020?

    The number of BTC awarded to miners for adding blocks to the Bitcoin blockchain is set to decrease next year. These so-called halving events occur about every four years and are part of the cryptocurrency’s distribution schedule.The next halving, expected in May of 2020, will be Bitcoin’s third. The previous two halvings resulted in huge surges in BTC price in the months that followed them.Will Bitcoin Rally Following the 2020 Halving?Bitcoin was originally designed with a hard and fast supply distribution schedule. Every 210,000 blocks mined by the Bitcoin network, the number of Bitcoin awarded to miners for successfully adding a block to the blockchain decreases. In 2009, block rewards were 50 BTC. After four years, this decreased to 25, then to the current reward of 12.5 in 2016.The number will reduce once again to 6.25 BTC next year. Previous having events have been followed by steep run ups in Bitcoin price. From a theoretical perspective, this makes sense. Equal or increased buying pressure with few new coins hitting the market will make the price rise.We can not predict the…

    Sep 10, 2019
  • Apple Looks Towards Cryptos While Binance issues Stablecoin Backed by USD

    Key highlightsApple says they have an eye cryptoBinance issues stablecoin backed by USDVanEck’ to offer limited Bitcoin ETFFranklin Templeton tokenize fundTwitter has no interest in Libra like projectApple says they have an eye cryptoThis week, another Wall Street Tech Gaint shows signs of getting attracted to crypto. In the recent updates coming from the company, Jennifer Bailey who is the vice president of Apple’s payment service Apple Pay said that Apple was keeping an eye on digital currencies. In an interview with CNN, Bailey said that the company thought cryptocurrencies “were interesting” and that they had “long-term potential.” This move from the tech giant is interesting and seems it too would be in line to join cryptos after Facebook which announced Project libra some months ago.Binance issues stablecoin backed by USDStablecoin Mania continues this week as now Binance has got into the race with its own USD backed Stablecoin. This new fiat-backed coin by Binance, called Binance USD (BUSD), is approved by the New York Department of Financial Services (NYDFS) and is being launched in partnership with the Paxos Trust…

    Sep 9, 2019
  • Bitcoin Price Stable Compared to Pound Sterling During Brexit Debacle

    Bitcoin has, amid the country’s parliamentary drama and the pound’s tribulations, by contrast, seen a solid and protracted period of growth.

    Sep 5, 2019
  • Bitcoin Price (BTC) Signaling Bullish Reversal: Can Bulls Break $10.5K?

    Bitcoin price surged higher and broke the main $10,000 and $10,200 resistances against the US Dollar.The price is currently consolidating below the next key resistance at $10,500-$10,525.This week’s followed key bearish trend line was breached with resistance near $9,880 on the hourly chart of the BTC/USD pair (data feed from Kraken).The price is currently trading in a range and dips are likely to find bids near $10,250 and $10,100.Bitcoin price is up more than 7% above $10,400 against the US Dollar. BTC is now facing hurdles near $10,500 and it might correct lower in the short term.Bitcoin Price AnalysisYesterday, we discussed a few important hurdles for BTC near the $9,900 and $10,000 levels against the US Dollar. It seems like the bulls enjoyed a strong rally since the price surged above the $10,000 resistance level. Moreover, there was a close above the $10,200 resistance and the 100 hourly simple moving average. It helped many altcoins in staging a recovery, including Ethereum, binance coin, ripple and BCH.During the rise, this week’s followed key bearish trend line was breached with resistance near…

    Sep 3, 2019
  • Most Cryptocurrencies in the Green as Bitcoin Price Hits $10,400

    Monday, Sept. 2 — Markets are bouncing back and showing upward price movement, after trading sideways for the better part of the day.Market visualization. Source: Coin360The Bitcoin (BTC) price is showing impressive price movement, after trading close to $9,700 for most of the day. At press time the number one cryptocurrency is trading at $10,401, up 6.63% on the day.Bitcoin 24-hour price chart. Source: Coin360Cointelegraph reported earlier that Bitcoin is attempting to bounce from the trendline of the symmetrical triangle, and if the BTC/U.S. dollar pair picks up momentum above the moving averages and breaks out of the downtrend line, it can result in a retest of the yearly highs at $13,973.50.The most popular altcoin Ether (ETH) is picking up momentum as well and is trading at $178.53, up more than 4.5% on the day.Ether 24-hour price chart. Source: Coin360Like most cryptocurrencies, Ripple’s XRP token has been trading steadily throughout the week, and is now showing a gain of just over 2%. At press time the coin is trading at $0.260.XRP has been a major underperformer among major cryptocurrencies in 2019. One of…

    Sep 3, 2019
  • Bitcoin Price Analysis and Prediction for September 2nd

    After dropping by over $1,000 in a single day last week, Bitcoin has been trading sideways around the $9,500 range this weekend. The past couple hours have been exciting for the market though, because Bitcoin broke upwards and tested $9,800. It’s clear that the market will test the $10,000 level once again, as it has multiple times in the past. Bitcoin is trading at $9,767 on Bitstamp at the time of writing.Bitcoin NewsWhen it comes to Bitcoin news, Coindesk released an awesome report about a Bitcoin mining farm BitRiver that are operating and flourishing in Siberia, Russia. The company is based in the city of Bratsk, and operates out of the Bratsk hydroelectric center. The cold temperatures and low electricity costs are the perfect conditions for running a Bitcoin mine. Moreover, the city fully supports the mining company and its operations. Now that Bitcoin is back at the $10,000 level, Bitcoin mining is a lot more profitable than it was back in 2018. Even though the difficulty increased, the price increased much faster.In other news, according to court documents there…

    Sep 2, 2019
  • Bitcoin Price Plummeted Below $10k Overnight; Here’s What Analysts Think

    Several traders and analysts had earlier warned that bitcoin was heading for $8000 after it fell to $10,300 earlier this week.

    Aug 30, 2019
  • Bitcoin Price At $9,400 is a “Good Buying Opportunity”: Here’s Why

    Bitcoin (BTC) has been absolutely hammered over the past two days. In fact, some 36 hours ago, it was trading at $10,200; now, the cryptocurrency is sitting snug at $9,500.Related Reading: Altcoin Market Is Failing to Produce Utility, Only Bitcoin Can Become MoneyThis dramatic sell-off, which comes after the cryptocurrency traded in the low-$10,000s for a good two weeks, has inflicted investors across the board with a newfound sense of fear.Analyst Dave the Wave, who has been calling for BTC to fall to $6,000 for weeks, doubled down on his prediction in the wake of the crash. He pointed out that Bitcoin is currently in a descending triangle that has a breakdown target of $6,200. Youch.Assuming you still have dry powder left, and assuming it goes this low, will you be ready to pull the trigger?— dave the wave (@davthewave) August 29, 2019However, there are some remaining optimistic. In fact, one prominent analyst, famous for his on-chain analysis, is arguing that now may be an optimal time to accumulate BTC, not sell it.Buy Bitcoin Now?In a recent tweet, Willy…

    Aug 30, 2019
  • Bitcoin Indicator Resembles Mid-2016 Bullish Beginnings

    Much of the crypto market may have flipped sentiment to being bearish on Bitcoin after yesterday’s dump that bled out over $20 billion from the total crypto market cap.However, according to one of the most respected crypto analysts in the space, an important trend indicator suggests that the current price action very closely resembles a pattern from mid-2016, right before Bitcoin went on its highly publicized bull run and brought crypto into the limelight from there forward.Bitcoin’s Relative Strength Index Shows Comparison to Last Bull RunFew crypto analysts carry as much weight as PlanB. The analyst has done extensive research into Bitcoin price analysis and is behind the Bitcoin stock-to-flow model that is often cited by well-respected figures from around the financial sector.The analysis is so strong, it’s turned skeptics like CNBC Squawk Box host Joe Kernen into not only believers, but supporters who regularly promote the crypto asset at every turn. Kernen has even been seen citing PlanB’s analysis on-air and during segments discussing safe-haven assets like gold or Facebook’s Libra.In Plan B’s latest analysis, a chart depicting Bitcoin’s…

    Aug 30, 2019
  • Bitcoin Bulls Remain Confident Despite Ongoing Crash

    After breaking below $10,000 yesterday, Bitcoin has faced a significant influx of selling pressure that has sent its price reeling down towards the lower-$9,000 region. This sell-off has drastically altered the overall market sentiment and came shortly after BTC made a failed attempt to surge towards $11,000.Some major Bitcoin bulls are still expressing confidence that Bitcoin is still likely to surge higher in the near future, with one billionaire investor explaining that investors who employ foresight when it comes to their crypto investments will likely be rewarded.Bitcoin Plummets Towards $9,000 as Sellers Flex Their Strength At the time of writing, Bitcoin is trading down over 7% at its current price of $9,500, which marks a significant retrace from its daily high of nearly $10,300.While looking at BTC’s weekly price action, the crypto is currently trading down from highs of over $10,500 that were set during a large rally that the crypto experienced this past Sunday after temporarily dropping below $10,000.It does appear that $10,000 – which was previously a critical support level for the cryptocurrency – grew weaker with each time…

    Aug 30, 2019
  • Bitcoin Price (BTC) Trend Overwhelmingly Bearish, Turned Sell On Rallies

    Bitcoin price is down more than 5% and it recently broke the key $9,760 support against the US Dollar.The price is currently consolidating near the $9,500 support and remains at a risk of more losses.This week’s followed bearish flag was breached with support near $10,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).The price is likely to extend its decline below the $9,500 and $9,480 support levels in the coming sessions.Bitcoin price fell sharply below the $10,000 and $9,800 supports against the US Dollar. BTC price is currently at a risk of more downsides below the $9,500 support.Bitcoin Price AnalysisIn the past two days, we saw many bearish signs for BTC below the $10,500 support against the US Dollar. Finally, there was a bearish breakdown below the key $10,200 and $10,000 support levels. Additionally, there was a close below the $10,000 support and the 100 hourly simple moving average. More importantly, there were heavy downsides in Ethereum, ripple, binance coin, EOS and litecoin.Bitcoin price is down around 5% in the past few hours and it even…

    Aug 29, 2019
  • Bitcoin & Crypto Market Cap Tumble: LTC, BNB, BCH, TRX Analysis

    The total crypto market cap extended its decline below the $245.0B support area.Bitcoin price dived more than 5% and broke the key $9,800 support area.Binance coin (BNB) price is down around 12% and it traded close to the $22.00 support area.Litecoin (LTC) price is also down around 10% and it broke the $70.00 and $68.00 supports.BCH price declined below the $300 support and tested the $285 support area.Tron (TRX) price is down nearly 12% and traded close to the $0.0150 level.The crypto market cap and bitcoin (BTC) are extending their decline. Ethereum (ETH), litecoin, ripple, BCH, TRX, XLM, BNB and EOS are trading with a strong bearish bias.Bitcoin Cash Price AnalysisBCH price failed to stay above the main $305 and $300 support levels against the US Dollar. The BCH/USD pair started a fresh decline and broke the $300 support. The price gained bearish momentum and tested the $280 support area. The current price action is bearish, suggesting more losses below the $275 support.On the upside, an immediate resistance is near the $290 level. However, the main resistances are near the…

    Aug 29, 2019
  • Ethereum Price (ETH) Dives Below Crucial Support, Bitcoin Down 5%

    ETH price failed to stay above the key $185 and $180 support levels against the US Dollar.The price is down around 10% and is trading below $172, while bitcoin is down around 5%.There was a break below a bearish continuation pattern with support near $172 on the hourly chart of ETH/USD (data feed via Kraken).The pair is likely to continue lower and it may soon test the $165 or $162 support.Ethereum price is down close to 10% versus the US Dollar, with strong bearish moves vs bitcoin. ETH price remains in a downtrend and it could decline further to $162.Ethereum Price AnalysisIn the past few days, we saw how ETH price struggled to clear the $192 and $195 resistance against the US Dollar. The price even settled below the $190 support and the 100 hourly simple moving average. As a result, there was a sharp decline below the $185 and $180 support levels. The price declined around 10% and even broke the $172 support area. Similarly, there were strong bearish moves in bitcoin, ripple, EOS, and binance coin.A new monthly…

    Aug 29, 2019
  • Bitcoin Price Is Showing Bullish Signs so This Analyst Believes

    For the first time in 2019, one of the leading technical indicators of Bitcoin price is showing bearish tendencies, which ultimately are sending mixed signals to the crypto markets.Some analyst insists that Bitcoin are in the bull market, while others believe that there is no pain without any gain and Bitcoin might have to see some pain to get to the gains.MACD is the technical indicator that is responsible for measuring the moving average divergence/convergence in the world of trading. After two months of the range-bound trading, two weekly indicators crossed, which tend to indicate a bearish market for Bitcoin price movements.Bitcoin price: Bullish vs. BearishMurad Mahmudov, a famous chart analyst, insists that the market is still bullish; however, the technical indicator is indicating otherwise.In his tweet, he stressed that people are depicting that the weekly MACD bear cross is some doom verdict, whereas, during the last bullish cycle every time a local bottom was marked by it.People out here be talking about the Weekly MACD ‘bear cross’ like its some kind of a doom verdict.Ironically it marked the local…

    Aug 29, 2019
  • Bitcoin Price Struggles to Recover After Slump Earlier Today

    Wednesday, Aug. 28 — Top cryptocurrencies Bitcoin (BTC), Ether (ETH) and XRP are in the red following a sudden price crash at 5:45 p.m. UTC. The market as a whole is also red across the board.Market visualization. Source: Coin360The Bitcoin price is trading at $9,691 at press time, marking a 4.42% price decrease on the day. BTC, ETH and XRP all sharply dropped in price from 5:45 p.m. to 6:20 p.m. UTC today — just over 35 minutes’ time. Bitcoin dropped by approximately 6% in this period, falling from over $10,265 to $9,630.  Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Bitcoin 7-day price chart. Source: Coin360At press time, the top altcoin Ether is trading over $173 and is down by 6.73% on the day. ETH fell by over 9.6% in today’s price crash, from over $186 to under $168. Just yesterday, the blockchain-based browser Brave announced that it is developing a crypto wallet that will support ETH, Ethereum-based tokens and collectibles, as well as decentralized applications or DApps. Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+…

    Aug 29, 2019

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