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The Evolution Theory- Telephone to Smartphones: Where Is Bitcoin Heading To?
8.12.2019
Predicting the future of Bitcoin and blockchain technology is not an easy task. The value of the digital coins, including Bitcoin, is quite volatile. It keeps on changing regularly, and many times, there is no logical justification behind the increase or decrease in the price. That said, most...
Bitcoin Technical Analysis: ‘Long the Corn’
7.12.2019
Bitcoin (BTC) seems to find its bottom for now at $7221, which is a weekly 61.8% Fib level. Bulls successfully defended its position, and now it is aiming for $8499 resistance, which is a weekly 50% Fib level. Good opportunity to ‘Long the Corn’*.   *Corn: Bitcoin is also known as Corn in...
Bitcoin Faces Firm Resistance Above $7,400 and Holds Bearishness
6.12.2019
Bitcoin price trades above $7,200 and $7,300 after having dropped near to $7,000 BTC price soared as high as $7,772.62 in the past five days, but currently faces resistance at $7,400 followed by $7,500 The currency continues to trade in the selling zone; gains support from 5-day EMA and SMA Bitcoin...
Bitcoin Technical Analysis: BTC Bulls lurking beneath
5.12.2019
Bitcoin prices are showing some strength here, and it is very crucial to understand the overall trend as it is very easy to get lost in the small timeframe noises.   Bitcoin Price Analysis 1 Week Time Frame: Weekly Bitcoin price briefly fell below 61.8% Fib level, but bull manages to push...
Jack Dorsey Betting Big for Bitcoin in Africa; Is Bitcoin Ready?
4.12.2019
Cryptocurrencies have been one of the most polarizing concepts of this century, and the divide seems to be growing day by day. With traditionalists like Warren Buffett and other established names criticizing Bitcoin, modern entrepreneurs, especially from the technology space, like Mark Zuckerberg...
Bitcoin Trades Around $7.2k; Holds a Strong Risk of Sliding Below $7k
3.12.2019
Bitcoin price records a dip of over 5% in two days from ranging at $7,553.42 to bottoming out at $7,161.70 The current trading price of BTC is correcting downwards from $7,500-$7,300 price range and is consolidating around $7,200 price area BTC trading price around $7,200 has been stable since past...
Bitcoin (BTC) Trades with Inactive Supports; May Lead to $6,800
2.12.2019
BTC trades at $7,289, below the major supports, i.e., $7,350 and $7,500 Bitcoin records a 7-day high around $7,830 and there happens to be an S/R flip; $7,350 and $7,500 prices are acting as major resistances The downfall below $7,500 has been quite rapid in a 24-hour time frame Bitcoin trades...
Bitcoin’s Month-Long Plunge Sees a Break; Starts Forming Higher Highs
30.11.2019
BTC is driving the market towards its weekly high as it is heading to cross $7800 with a positive bias. The leading crypto coin had started an uptrend around five days ago when the price faced bottom well below the key support levels. Now, when Bitcoin is recovering its loss of valuation, it is...
Bitcoin (BTC) Bounces Back, Swing Traders Paradise!
29.11.2019
Bitcoin’s current price is a swing trader’s paradise with clear support and resistance zones. It is respecting Fibonacci levels on weekly and daily time frames like clockwork. Using weekly and daily charts with Simple Moving Averages, Ichimoku Kinko Hyo, Fibonacci Retracement Tool, and...
Bitcoin (BTC) Trades Above $7,500; Is this a Reliable Bull Trend?
28.11.2019
Bitcoin, this time hits the major resistance level at $7,500 instead of just battling with supports BTC price took a leap above $7,600 as well, after nearly five trading days—when it was correcting downwards, but this time it seems to be spiking Bitcoin trading price is now supported by...
Cryptocurrency Technical Analysis: A Tale of Dance between Ripple, Stellar Lumens & Bitcoin
28.11.2019
XRP (Ripple) and XLM (Stellar Lumens) can be seen dancing together in tune with Bitcoin’s price action. Current XRP and XLM prices are highly correlated to the BTC price action and in turn, correlated to each other as well as shown in the given chart below:     BTC/USD is denoted by...
Bitcoin Rises Drastically within No Time; Hits the Overbought Region
27.11.2019
Bitcoin trades above $7,000 after having hit bottom around $6,900, just at the time of writing BTC price gains support as it takes a steep climb above $7,100 The Green long candle has hit the right direction only if it would stay Bitcoin price trend looks like a half hourglass, from trading around...
Bitcoin Takes a U-turn as It Trades Above $7.3k; Is This a Positive Sign?
26.11.2019
Bitcoin price responds positively after having marked negative sentiments below $6,000 BTC price supported by 5-day EMA around the trading price area of $7,200 Although, even after having a recent price correction beyond $7,300 in the past 24 hours, BTC is still sliding in the solid selling zone...
Bitcoin Crashes but Continues to Entice Investors as RSI Stays at 52
25.11.2019
Bitcoin crashes hard as it hits the price area around $6,500; currently in a temporary upward correction phase The downward stride has been swift as the coin slid below $8,000 to $6,500 within just 5 days Supports remain totally inactive, while BTC loyalists and enthusiasts remain hyperactive...
Ellington Properties Employs Bitcoin Suisse AG To Facilitate Easy Crypto Payments
25.11.2019
Ellington Properties, which shines as a highly-reputed boutique property developer firm based in Dubai, has announced that it has collaborated with Bitcoin Suisse AG (BTCS) to acknowledge its crypto brokerage services. The strategic integration has been aimed to ease out the payments system for...
Bitcoin Will Come Down to $4,500 Price Point, Says Crypto Expert Tony Vays
25.11.2019
Bitcoin is falling rapidly, and the nightmares of 2018 seem to be coming back again. While the apex crypto was priced at about $13,800 in the last week of July, it has steadily come down to less than $6,800 as of date. This is despite several crypto proponents and experts claiming that Bitcoin will...
Top-5 Cryptos This Week: Bitcoin (BTC), XTZ, LEO, XRP, BSV
24.11.2019
Several top performers of the past seven days are at critical levels. Can they reverse direction and rise or will they fall further?
Still in the Queue… Why Bitcoin is Popular but Not a Global Currency Yet?
24.11.2019
Cryptocurrency has grown in popularity over the years despite the flak it has drawn from various governments and other sectors of the economy. However, it would not be too much to claim that cryptocurrency holds the key to the future, as a digital currency would emerge as one of the most important...
Bitcoin Trades Slightly Above $7,000; Withholds Risk of Bottoming Out
23.11.2019
Bitcoin trades close to the biggest supports around $7,000 and $7,100 at $7,177.66, as per the data feed from Coinbase BTC holds moderate volatility for the few days to come until the coin shows some signs of improvement The bearish hold remains quite strong due to the selling pressure under which...
BTC–The King Steps Down the Throne, as it Slips Recklessly Below $7,000
22.11.2019
The king of cryptocurrencies – Bitcoin slips below $8,000 and even below $7,000 on Coinbase BTC price marks the fresh decrease below $8,000 and $7,000 after almost 6 months of the moderate bull trend Bitcoin records the new 90-day low as it breaks in despair BTC price, unable to maintain the peak...