Whales are Accumulating Bitcoin Despite Its Stalling Momentum

Bitcoin’s multi-week consolidation phase comes close on the heels of the strong uptrend that the cryptocurrency was able to post late last month. Despite its macro outlook remaining incredibly strong, it appears that Bitcoin’s short-term outlook is being impeded by the heavy resistance at $12,000.

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Bitcoin Analysis for 2019-12-09 [Premium]

The Bitcoin price has created an ascending triangle in both the short- and the medium-term. There is resistance all the way to $7900. The long-term outlook still suggests that this is a retracement as opposed to a new upward move.

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Bloomberg: Bitcoin (BTC) will hit $10K, it’s a matter of time!

Bloomberg published its Bitcoin forecast for 2020, in which it claims that BTC for $10K is just a matter of time. In the forecast it is also stated that Bitcoin will drop to $ 6,500 before rising: – Increasing adoption of Bitcoin, the digital quasi-currency with limited supply, tilts our price outlook on the first-born […]

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Bitcoin’s Rejection at Key Price Hurdle Puts Short-Term Bull Trend at Risk

Bitcoin sharp rejection at resistance around $7,800 has weakened the short-term bullish outlook.

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Bitcoin Analysis for 2019-12-05 [Premium]

The Bitcoin price is trading inside a descending channel. It initiated a rapid upward move yesterday, which retraced completely afterward. Longer time-frames give a bearish outlook. Bitcoin Price Highlights The Bitcoin price is trading inside a descending channel.

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3 Bearish Indicators for Bitcoin This Week

The Bitcoin price has fallen below a significant support area and validated it as resistance. As long as BTC remains below $7600, the outlook is bearish. During the previous week, the Bitcoin price initiated a rally which caused it to increase by almost 20 percent.

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Bitcoin Analysis for 2019-12-04 [Premium]

After a very weak breakout from the previous pattern, Bitcoin created a descending triangle and broke down. It is creating a bearish continuation pattern aiming for $7100. The long-term outlook remains bearish.

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Bitcoin Price Suffered 31% November Slump But a Hostile China Boosts Outlook

Bitcoin price dropped by 31% since October. Yet, Spencer Bogart sees strengthening fundamentals pushing BTC up in the medium-term. The post Bitcoin Price Suffered 31% November Slump But a Hostile China Boosts Outlook appeared first on CCN.com

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Bitcoin Analysis for 2019-12-03 [Premium]

The Bitcoin price initiated a very weak breakout from a descending wedge. The price is attempting to hold on to a significant support area, which if broken down, could retrace back below $7,000. The short-term outlook is neutral but leaning bearish.

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Bitcoin Analyst’s Tool Gives Strong Sell Signal

The Bitcoin price initiated a relief rally on November 25. The inability to continue that rally has caused the price to create a bearish outlook in the long-term — suggesting that it will continue heading lower.

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3 Fundamental Reasons Bitcoin’s Price Is Crashing

Bitcoin’s outlook went from bullish to extremely bearish real quick. Institutions may…

The post 3 Fundamental Reasons Bitcoin’s Price Is Crashing appeared first on CCN.com

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Bitcoin’s Macro Outlook is Insanely Bullish, But BTC May First Visit Sub-$5,000

Bitcoin has been facing intense volatility over the past month, which first began when it incurred an explosive rally that sent it from $7,300 to highs of $10,600. In the time since this occurred, BTC’s bears have been firmly in control, erasing nearly all of the gains that were produced in this rally.

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Bitcoin (BTC) Reaches Crucial Support At $7.4K, Larger Decline In Play?

Bitcoin price is down 6% and tested $7,400 (discussed in the medium term outlook) against the US Dollar. The price is showing no signs of a strong recovery and remains at a risk below $7,800. There is a key contracting triangle forming with resistance near $7,650 on the hourly chart of the BTC/USD pair (data.

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Video: Bruce Fenton on the Bitcoin Foundation, Satoshi Roundtable and Scaling

Satoshi Roundtable organizer and long-time Bitcoin advocate Bruce Fenton discusses his early days in Bitcoin, scaling debates and outlook on privacy. The post Video: Bruce Fenton on the Bitcoin Foundation, Satoshi Roundtable and Scaling appeared first on Bitcoin Magazine.

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Bitcoin is closer to a critical buy zone, but not all analysts agree

As Bitcoin threatens to push for lower prices, some of the most prominent analysts in the industry believe that it is getting closer to a zone that poses high levels of demand. Regardless of their positive outlook, other analysts are not as optimistic expecting a further retracement.

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Bitcoin Medium Term Outlook: Here Is Why BTC Could Test $6.5K

Bitcoin price is currently in a downtrend below the $9,100 pivot level against the US Dollar. The price is trading well below the $8,500 support and the 100-day simple moving average. There is a crucial bearish trend line forming with resistance near $8,880 on the daily chart of the BTC/USD pair (data feed from Kraken).

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Bitcoin Outlook Has Changed to Bearish, According to Analyst

The Bitcoin price has initiated a downward move, which has put into play a bearish medium-term scenario in which the price could drop to $7000. Cryptocurrency analyst and trader @murocrypto stated that the Bitcoin price structure suggests that we are in a bearish market.

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Bitcoin and Monero Analysis for 2019-11-19 [Premium]

The Bitcoin price broke down from a descending wedge. The price should reach at least one of the support areas outlined. The short-term outlook is bearish while the medium-term is neutral (but leaning bearish).

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Crypto Trends 2019: Bitcoin Banking ahead!

The British investment company CoinShares Group has published a Report on the cryptocurrency market trends. With a general positive outlook, analysts point out inevitable problems with state regulation – right up to the moment when statesmen come closer to understanding the role of cryptocurrencies.

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The Year 2020 Cryptocurrency Outlook: Speculators Rely on Bitcoin ahead of Blockchain

Coinspeaker The Year 2020 Cryptocurrency Outlook: Speculators Rely on Bitcoin ahead of BlockchainAfter trending lower in the prior sessions, now Bitcoin has managed to move higher and is in the process of forming a bullish candle.

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Bitcoin Cash Price Analysis BCH / USD: Defining Moment

Bitcoin Cash has a bullish short-term bias and a bearish medium-term trading outlook The four-hour time frame shows that a head and shoulders pattern has formed The daily time frame is showing that a neutral wedge pattern has formed Bitcoin Cash has been on a wild ride since mid-September, with the BCH / USD pair […] The post Bitcoin Cash Price Analysis BCH / USD: Defining Moment appeared first on Crypto Briefing.

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Bitcoin Analysis for 2019-11-11 [Premium]

The Bitcoin price has decreased in order to validate the previous descending resistance line which it broke out of on Oct 25. Once there, it began an upward move. However, the rally stalled at $9,200 and the price has been decreasing since.

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Why one trader thinks Bitcoin may begin a mega bull run and reach $50k by July 2020

According to a cryptocurrency trader, the Bitcoin price may be set for an extended rally to $50,000 by mid-2020, based on its macro trend. Throughout the past two weeks, despite the brief breakout of the Bitcoin price to $10,600, many technical analysts have generally geared towards a bearish short term outlook.

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Bitcoin Price: Crypto Twitter Bearish, But Is This A Crash Or Just Retracement?

As surely as night follows day, after a three-digit drop in bitcoin price, crypto-twitter turns bearish. This time the drop was a not-insignificant $500, and the bearishness has become hard to bear [sorry].

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Did Xi Jinping Impact the Price of Bitcoin?

BTC sentiment is a key market driver. Following Xi Jingping’s positive comments on blockchain a narrative that the news will drive price growth has emerged. A look at search trends between Bitcoin, gold, and China provides additional insight.

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Bloomberg: Ethereum, XRP et al. likely to remain below June 2019 Peak until BTC hits $20k

Researchers behind a monthly cryptocurrency report entitled “Bloomberg Crypto Outlook” said that Ethereum, XRP, and other digital assets included in BGCI are unlikely to recover to June 2019 levels until Bitcoin achieves a record high, Three Arrows Capital CEO Su Zhu observed on Twitter.

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Bitcoin Analysis for 2019-11-08 [Premium]

The Bitcoin price is trading inside a horizontal channel with resistance and support at $9,800 and $9,000 respectively. If the current price decrease holds, it will have major bearish implications based on the daily time-frame and the channel breakdown.

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Market Outlook: Crypto Whale Tales and China’s Blockchain Hype

During our last market outlook, cryptocurrency prices had found new foundations after the massive rally on Friday, October 25. Since then digital currency prices have been meandering roughly in the same positions after coins like BTC failed to break upper resistance on various occasions.

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Novogratz Employs a More Realistic Viewpoint, But Future Outlook Remains Upbeat

Michael Novogratz, the founder of Galaxy Digital and former global macro hedge fund manager for Fortress Group, has admitted that the exuberance in crypto got the best of him, and he is factoring in a more realistic outlook on the market.

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Bitcoin and Litecoin Analysis for 2019-10-30 [Premium]

The October 25 breakout has stalled once the Bitcoin price reached the 100-day MA. The BTC price has created a symmetrical triangle and a possible triple bottom inside it. The short-term outlook remains slightly bearish.

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Maker’s Stability Drops 8 Percent to 5.5 APR as DeFi Sentiment Picks Up

Maker Protocol’s stability fee is voted into existence with MakerDAO’s governance mechanism. The stability fee is what helps keep DAI’s peg afloat, and the confirmation of a reduction to 5.

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Bitcoin and Monero Analysis for 2019-10-25 [Premium]

The Bitcoin price is trading right at the support line of a descending wedge. The outlook from the daily time-frame is bearish, since a death cross just transpired. However, the short-term outlook is bullish and is supported by a bullish candlestick formation.

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Bitcoin Hashrate 7x Higher Than Key Historic Point, Signals Bullish Outlook

Bitcoin (BTC) has yet again made good use of the support line in the $7,800 region to ward off piling up bearish pressure. It has done so for the fifth week in a row now, and with the price going back over $8,300, the possibility of a bullish reversal has begun looming on the horizon.

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Market Outlook: Crypto Prices Hold Steady but Face a Crucial Turning Point

After sitting around $257 billion, the cryptocurrency market lost $35 billion in less than 30 minutes on September 24. Since then, many digital assets have found new support, but bears have started to claw away at these areas.

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Global U.S. Dollar Shortage to Benefit Bitcoin, Says Crypto Twitter’s Biggest Bull

Many have been bearish on bitcoin after the dominant cryptocurrency breached support of $9,000 in September. The month-long consolidation around $8,000 is not helping either. It is only giving bitcoin haters more reason to scream their bearish outlook.

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Bitcoin, Ethereum and Litecoin sink as buying pressure fades

A number of technical indicators estimated that the entire market was susceptible to a downturn. Now that the bearish outlook seems to be validated, here is where Bitcoin, Ethereum, and Litecoin could be heading next.

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G7: Crypto Stablecoins Like Libra Threaten Financial Stability, But Not Bitcoin

It comes as no surprise that Facebook is still on the receiving end of regulatory pressure from global economies. The social media giant has done the crypto industry few favors as all eyes are now on stablecoins and the outlook for them is predictably pessimistic.

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Market Outlook: Leading Cryptocurrencies Attempt to Break Resistance

Digital currency markets have started to show strong signs of recovery after dropping to new lows last week. On Monday, a number of cryptocurrencies gained between 2-5% over the course of the day.

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Banking Giant HSBC Set to Fire 10,000 More Employees

The banking sector continues to suffer drastic layoffs as the global economic outlook remains uncertain. The latest financial institution reported to be set for cutting a massive amount of workers is HSBC, which has already announced firing thousands of people just a few weeks ago.

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Best Bitcoin and Cryptocurrency Wallets [2019]

What is a Bitcoin Wallet? A “wallet” is basically the Bitcoin equivalent of a bank account and it allows you to receive bitcoins, store them, and then send them to others. You need a Bitcoin wallet to manage your Bitcoins or altcoins, just like you need an email program like Outlook or Gmail to manage […]The post Best Bitcoin and Cryptocurrency Wallets [2019] appeared first on CaptainAltcoin.

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Market Outlook: A Few Cryptocurrencies Rebound While Fear Grips Central Banks

In the last 48 hours, digital currency markets have rebounded after some bearish price dips last week. After losing $35 billion in a short period of time, most crypto markets have been gradually healing and the overall market valuation of the cryptoconomy has clawed back at least 50-60% of the losses.

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Market Outlook: Traders Play New Positions After Massive Drop in Crypto Prices

On September 24, digital currency markets saw significant losses as the entire cryptoconomy lost $35 billion in a short period of time. Cryptocurrency enthusiasts and traders are now even more uncertain to where markets are headed in the short term.

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The Cycle of Traditional Economic Manipulation is an Opportunity for Cryptocurrencies

One of the primary reasons that Bitcoin bulls are so full of hope and euphoria is the constant manipulation and complexity in global economics. Central banks are constantly changing their outlook and looking for ways to either inject or withdraw liquidity from the market.

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Market Update: Low Volumes and Uncertainty Shake Crypto Traders

The majority of digital currency markets have lost a few percentages over the last few days as cryptocurrency trade volume has been waning. Since our last market outlook, more than $20 billion in global trade volume disappeared and this Tuesday’s market data shows there’s only $60 billion in worldwide crypto trades in the last 24 […] The post Market Update: Low Volumes and Uncertainty Shake Crypto Traders appeared first on Bitcoin News.

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EOS, IOTA, and Chainlink showing mixed signals as Bitcoin consolidates

Altcoins are still in the spotlight while Bitcoin continues consolidating. Right now the markets are choppy, giving mixed technical signals. Here is the outlook for EOS, IOTA, and Chainlink. EOS EOS went through a 36 percent rally that took its price from $3.

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Market Outlook: Uncertainty Builds With Thin Trade Volumes and Bitcoin Futures Launch

Digital currency markets have dropped in value over the last three weeks, losing $25 billion since mid-August. Market prices have been creeping downward on thin global trade volume and the last two months of volatility seem to be taking a toll on short-term bullish optimism.

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Bitcoin Price Prints Bearish Weekly Close, Which Opens the Door to $8,500: Trading Expert

Bitcoin bears might get an upper-hand in the short-term, but the coin’s long-term outlook is still extremely bullish

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Bitcoin And Crypto Recover As BNB Tries To Catch Up

The crypto markets are continuing to trade sideways, but the outlook appears to be gradually improving. Bitcoin gained more than 2% over the weekend, while altcoins show a diverse landscape of gains and losses.

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Bitcoin’s outlook both short and long term look bearish; revisit to $9,100 likely

Bitcoin has been trending below $10,000 for quite a while now and most of Twitter is stressing that this will be the last time anyone will be able to buy Bitcoin at these levels. Be that as it may, Bitcoin touched $9,400 more than four times in the last 2 months or so.

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