Why Bitcoin traders pinpoint $17,000 as the next logical bottom

The Bitcoin price has been declining throughout the past four days.

The post Why Bitcoin traders pinpoint $17,000 as the next logical bottom appeared first on CryptoSlate.

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Bitcoin Targets $25,000 Fib Level With New All-Time High Set

Today, Bitcoin price set a new all-time high record. While that statement certainly speaks for itself, it does beg the question: what comes next? Given the fact that this hurdle was the one the entire investor class was watching, and it is now out of the way, the most logical next target could be $25,000. […]

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Bitcoin’s “logical” market cap limit (for now) is gold’s $9 trillion valuation: trader

Bitcoin has undergone a strong rally since the lows of September and October. The post Bitcoin’s “logical” market cap limit (for now) is gold’s $9 trillion valuation: trader appeared first on CryptoSlate.

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This Golden Bull Market Factor Predicts Bitcoin Will Rocket to $14k

Bitcoin price has broken up out of its trading range and has potentially also broken out of a massive, multi-year triangle. If the breakout can hold and confirm, the first logical target according to an important bull market factor would be $14,000.

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Bitcoin’s The ‘Logical Choice’ In 2nd Half Of 2020; DeFi To ‘Stay Hot’ But Returns Cool: Arca

Bitcoin will ultimately be a “great investment in 2H2020 as a flood of new investors flock into the space, and there just won’t be enough BTC offered to satisfy this new demand,” predicts Jeff Dorman, CIO at Arca.

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Unless Bitcoin Breaks Through These 2 Levels, a Crash to $7,000 Is “Logical”

After attempting to rally through $9,500 this week, Bitcoin failed to sustain its bullish momentum yet again. As of this article’s writing, the leading cryptocurrency trades for $9,200, having sustained somewhat of a pullback.

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Bitcoin‘s Fate May be Determined By How it Responds to this Single Level

Bitcoin pushed higher overnight as bulls attempted to firmly surmount the $9,000 region, although the crypto faced yet another rejection at these price levels One fund manager is now noting that BTC’s current price region seems like a logical place for its uptrend to stall This comes as a respected trader notes that the crypto has reached a pivotal price level that could determine its fate in the weeks and even months to come Bitcoin […]

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Bitcoin Reaches ‘Logical’ Support As Volatility Wanes, Explosive Move Incoming

After Bitcoin price rocketed last month from lows around $6,400, the crypto asset touched over $9,000 before falling lower to what a well-known financial market analyst says is “logical support.” Meanwhile, a tool designed by the analyst suggests that volatility in the Bitcoin market is reaching bear market lows, potentially signaling that an exceptionally explosive... The post appeared first on NewsBTC.

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Bitcoin Upside Potential At $8k Is Far Greater Than the Down

As a novice Bitcoin trader, it may seem logical to think that long and short trades are pretty much equivalent. You decide if you think price is going up or down, and long or short it accordingly, right? But that ignores the asymmetrical nature of the two options, as Scott Melker, a trader at TxWestCapital tweeted yesterday.

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Bitcoin Price Analysis: Market Is Set for Deeper Tests

If the market breaks support, the next logical level for the bitcoin price to test is at the $8,700s — the range that led to last week's massive breakout. The post Bitcoin Price Analysis: Market Is Set for Deeper Tests appeared first on Bitcoin Magazine.

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P2P Crypto Lending Is on the Rise

As peer-to-peer cash, it only seems logical that cryptocurrency should be deployed for P2P lending. While that application has taken time to materialize, bitcoin and other crypto assets are now increasingly fulfilling that purpose.

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Bitcoin (BTC) $ 9,600: support for next fall and alts rise

Bitcoin’s logical behavior, which clearly fits within our balanced forecast, is still mysterious to some analysts from the technical analysis camp. Still, their forecasts for the market also deserve attention.

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Why Bitcoiners Are Turning to Unschooling for Decentralized Education

Unschooling is an alternative education movement quickly gaining popularity and currency worldwide. Like Bitcoin, it is an individualist approach to an area of human action long thought to be established beyond question―education.

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Bitcoin Jesus Roger Ver Destroys Lightning Faithful Tone Vays in Debate

By CCN: Let me start by saying I’m undecided on the issue of blockchain scaling. I think both camps make valid points. The day that Bitcoin Cash launched was the logical resolution of a drawn-out war which would never have ended otherwise.

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Bitcoin Price Analysis: Daily Resistance Level Tested Following Strong Buying Pressure

Summary:Despite some strong, intraday selling, bitcoin’s macro-bullish market structure remains intact. So far, we have seen a test of two daily levels and have clearly established support.

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Bitcoin (BTC) To $50,000 – Hayes, Bernstein And Tampax Validation

Arthur Hayes says bitcoin will go to $50,000. That’s actually a fairly conservative target, as Hayes himself suggests, if he takes to the logical conclusion the arguments he employs to justify his bullish pronouncement.

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Op Ed: Why Bitcoin’s “Toxic” Maximalism Makes Sense

Over the years, Bitcoin has gained a reputation for having a “toxic” community of users around it. This accusation is mostly thrown at Bitcoin by proponents of altcoins and those who have supported various Bitcoin hard fork attempts in the past.

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Bitcoin Price Analysis: Slow Upward Drift Tests Market Supply

A slow, grinding upward drift has been the name of the game for bitcoin’s market over the last few weeks. The upward drift is bringing us slowly to a level that was previously rejected violently:Figure 1: BTC-USD, Daily Candles, Upward DriftOur third rejection of the red resistance level shown above brought the market into a test of macro support in the mid-$3,000s.

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Bitcoin Price Analysis: Slow Grind Could Lead to Short Squeeze

Last Friday, we discussed a macro resistance level bitcoin would likely test. The level was tested three times prior and immediately rejected. Now, for the fourth time, we find ourselves situated above the level as we wait to see if our support holds:Figure 1: BTC-USD, Daily Candles, Fourth Test of Macro ResistanceThe first three attempts to hold support above the black, broken resistance have been stifled with relatively high amounts of volume.

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Bitcoin Price Analysis: Could Three Times Be the Charm for This Resistance Level?

Bitcoin remains in its tightly coiled range as the market continues its sideways trend for the third week in a row. While macro support has been tested three times recently, we have yet to test the overhanging macro resistance:Figure 1: BTC-USD, Daily Candles, Narrow RangeThe blue zone outlined above shows a very strong zone of support that, over the last few weeks, has seen three strong tests and has led to a slowly upward-drifting market consolidation.

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Bitcoin Price Analysis: Low Time Frames Show Signs of Life Amid Weekly Tests

Bitcoin continues to coil tightly within its range-bound market as the bulls and bears fight it out to see which is most dominant. On the lower time frames (TF), bitcoin is managing to find support:Figure 1: BTC-USD, 2-Hour Candles, Low TF SupportThe zone outlined by the green line in Figure 1 represents local support that has kept the market afloat for the last week and a half.

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Bitcoin Price Analysis: New High Paves Potential Reversal Setup

After days and days of consolidation, bitcoin finally managed to break a new high for the first time in almost two weeks. This new high, so far, has been short lived, however, as it was almost immediately sold into by eager bears:Figure 1: BTC-USD, 4-Hour Candles, New HighOur current 4-hour candle is seeing a relatively easy retracement after days and days of an upward grind.

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Simply ‘Logical’ for Every Big Macro Fund to Hold 1% in Bitcoin: US Billionaire Investor

In the last 48 hours, the Bitcoin price recovered beyond the crucial $3,500 support level and avoided a further drop below $3,000. The valuation of the cryptocurrency market increased from $110 billion to $120 billion, by just over $10 billion.

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Bitcoin Price Analysis: Strong Rally Set to Test Overhanging Resistance

Shortly after the London Open, the entire crypto market saw a strong round of buying. Some coins broke their highest volume seen since the beginning of the bear market, and several others broke straight through overhanging resistance levels.

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Bitcoin Price Analysis: Major Support Broken on Expanding Volume and Spread

After weeks of consolidation, bitcoin finally broke through support. The market now finds itself cruising toward prior lows. On expanding volume and spread, the bitcoin market appears ripe for a continuation of the downtrend:Figure 1: BTC-USD, Daily Candles, Broken SupportAlthough the current daily candle has yet to close, unless there is a strong influx of demand hitting the market, it stands to reason that bitcoin will be closing a new daily low for the first time since mid-December.

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Electroneum Price Loses Bullish Momentum as Bitcoin Goes off the Rails

Even though it has been a relatively good week for the Electroneum price, all good things come to an end eventually. As Bitcoin is showing uber bearish signals once again, all other markets follow in very quick succession.

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Rumors Denying Russia’s $10B Bitcoin Investment ‘Ridiculous,’ Says Ginko

The economist who told the media Russia was planning to buy $10 billion of Bitcoin has staunchly defended his remarks in the face of ensuing criticism. ‘Who Denied It? Vladimir Putin?’ Speaking to Australian news outlet Micky, which first reported the story earlier this month, Vladislav Ginko dismissed reactions which questioned his reliability.

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Bitcoin Price Analysis: Strong Impulse Tests Macro Support Levels

Finally, after about a week or so of a tight, range-bound market, bitcoin poked right through support. This swift move dropped the price nearly 10% in the span of just a few short hours:Figure 1: BTC-USD, Hourly Candles, 11% DropNot only did this move occur on high spread, it occured on high volume.

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R3 Announces Global Payment App With XRP as Base Currency

R3 has unveiled a new app on their international blockchain, a global payment platform that uses Ripple’s XRP as its initial base currency. The app, dubbed Corda Settler, continues R3’s track record for pursuing  ambitious blockchain projects, and it is allegedly “purpose-built to allow for payment obligations raised on the Corda blockchain platform to be made through any of the world’s payment systems, both traditional and blockchain-based.

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SEC Commissioner Not Ready to Approve Bitcoin ETF, Worries Fester

To say that advocates of crypto are dedicated would be putting it lightly. Since Bitcoin’s earliest blocks, true innovators have discovered value in the crevices of the cryptocurrency world, finding it logical to latch onto this nascent industry in times of despair and euphoria alike.

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BitPay Integrates PAX Stablecoin Into Cryptocurrency Payment Platform

Bitcoin payment platform BitPay is now going to allow payments with the Paxos Standard token (PAX), which it calls “the fastest growing stablecoin and the highest trading volume of any U.

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The Bitcoin Cash Split Isn’t Over Yet

“Some men aren't looking for anything logical, like money. They can't be bought, bullied, reasoned, or negotiated with. Some men just want to watch the world burn.” – Alfred in "The Dark Knight"

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Recover My Bitcoins Or I’ll Blow Up Miami Airport: Indian Teen Threatens FBI

Scams are nothing new in the crypto industry. From ICOs that received money and then vanished to trading sites that went down with investors’ funds, there is no shortage of people who’ve lost their hard-earned money in their pursuit of the Bitcoin millions.

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BlockFi Now Offers Litecoin and Gemini Stablecoin-Backed Loan Options

Crypto-to-USD lender BlockFi has announced that it will support loans backed by both Litecoin and Gemini’s recent stablecoin token GUSD. This is the first time the company is expanding to accept collateral in one of the crypto industry’s top-10 assets besides bitcoin and ether.

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Ether Price Analysis: Higher Lows Could Yield Retest of Local High

After two back-to-back weeks of record-setting volume, ether finds itself situated below historic resistance and currently unable to reach its downtrend line:Figure 1: ETH-USD, Weekly Candles, Downtrend and Record-Setting VolumeFor months, ether has been unable to break its downward trend.

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eToro Signs U.K. Football Clubs in Sponsorship Deals, Pays With Bitcoin

Global investment platform eToro has partnered with British Premier League clubs in a sponsorship deal that could see future transfers of players in the English Premier League (EPL) settled in cryptocurrency.

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Crypto Exchanges Create Working Body to Bolster Bitcoin Trading Market and Increase Credibility

Cryptocurrency exchanges are taking a page from successful stock markets, forming a working group to oversee the unregulated digital asset exchange space, according to Business Insider. Create the New Financial Market While it isn’t confirmed, the logical sequel to such a working group is the formation of a self-regulatory body or a “virtual commodity marketplace.

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Analysts: Bitcoin isn’t replacing fiat currency anytime soon

For the past few years, through boom and bust, hype cycles and FUD (and just about anything in between), we’ve heard that Bitcoin is what’s next. Evangelists say it’s the logical successor to fiat currency, a long-overdue replacement to paper cash that’s overstayed its welcome.

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[promoted] Fueling Decentralized Crypto Investments With Aenigma

For many, the complex nature of crypto investing is an unsolvable enigma. Despite the potential for great returns, many are hesitant to jump in and navigate the complexities and uncertainties inherent in this space.

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