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Bitcoin Price Analysis: Range-Bound Market Coiled for Next Move

For the better part of a month and a half, bitcoin has been fairly range-bound and unable to establish new lows or new highs. There are some bullish and bearish setups on the horizon for bitcoin, so let’s check out both sides of the argument because currently the market is sitting in the middle of Indecisionville — the most immediate sign of which is this glaringly obvious head-and-shoulders bottom reversal pattern:Figure 1: BTC-USD, Daily Candles, Head-and-Shoulders BottomThis current pattern is nothing more than a setup at the moment, but it represents one potential outcome of this sustained consolidation. дальше »

2019-1-4 02:22


Western Union “We Would Be Ready” For Crypto. Ripple Tests Still Ongoing

Cryptocurrencies continue to make their way into the world of finance and traditional payment systems. Despite some skeptical statements and the bearish 2018, their adoption has dramatically increased to the point that many experts believe that eventually crypto use could complement or even compete directly with the traditional fiat system. дальше »

2018-12-21 05:56


Few months after including Cryptocurrency into its gruelling exams, CFA institute terms Bitcoin an illegitimate investment

“Whatever it is, it is not a legitimate investment.” According to reports from Finance feed, these were the words coming from the Chartered Financial Institute this morning. With numerous statements conveying the idea that cryptocurrencies are not assets, and are not valuable, to say the least, the institution believes that cryptocurrency, precisely Bitcoin, is “too […] The post Few months after including Cryptocurrency into its gruelling exams, CFA institute terms Bitcoin an illegitimate investment appeared first on ZyCrypto. дальше »

2018-12-20 15:47


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Bloomberg Finds That Tether Could Be Backed by Sufficient USD Collaterals

Bloomberg reported December 18 that Tether, the largest stablecoin by market cap, is most likely backed by equivalent USD deposits. Tether’s Bank Statements Suggest USD Sufficiency According to the report, Bloomberg reviewed the bank statements of four separate months which depicted that the amount of USDT coins in circulation was in accordance with Tether LTD’s […] Bloomberg Finds That Tether Could Be Backed by Sufficient USD Collaterals was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News. дальше »

2018-12-19 15:59


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Bitcoin Price Analysis: Bear Pennant Breakout Puts $1,700 Price in Sight

Another week, another low. Bitcoin’s market has been bleeding relentlessly for weeks and now, after falling 50% in value in just one month, the market has managed to break south of a major bearish consolidation pattern called a bear pennant:Figure 1: BTC-USD, 4-Hour Candles, Bear Pennant BreakoutThis is a massive bear pennant with a staggering $2,000 measured move. дальше »

2018-12-12 01:52


“Ripple attorneys will have their hands full explaining the statements of Ripple executives,” claims Larry Cermak

“Ripple attorneys will have their hands full explaining the statements of Ripple executives,” claims Larry Cermak Larry Cermak, economy/law analyst and author at theblockcrypto. com, launched an interesting Twitter thread today regarding Ripple, XRP, and the currency’s status as a security. дальше »

2018-12-7 02:15


Top 3 Bitcoin FUD Points: The Death Spiral, BTC Price Going to Zero and Next-Gen Blockchains

There are several FUD topics spreading on mainstream media and other newspapers regarding Bitcoin and cryptocurrencies. For example, how many times did we hear that China banned Bitcoin or that mining activities are destroying the world? Although these statements have already been refuted, they keep targeting the crypto community. One of the main issues that […] дальше »

2018-12-6 04:14


Debunking the Bitcoin Death Spiral Theory

Bitcoin critics always seem to be the loudest during bear markets, which means the most ridiculous negative statements about the digital asset are also made during these times. In addition to plenty of claims of bitcoin’s death from the likes of angel investor Jason Calacanis and economist Nouriel Roubini, there is now also the theory […] The post Debunking the Bitcoin Death Spiral Theory appeared first on Coinjournal. дальше »

2018-12-4 11:47


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Bitcoin Price Analysis: Wait and See Where Recent Signs of Strength Lead

This week realized a big gain as bitcoin enjoyed a 25% rally from its local bottom before topping out around $4,400. Support currently appears to be established in the mid-$3,000s as the market remains indecisive over its next move:Figure 1: BTC-USD, Daily Candles, Current Support LevelFigure 1 shows the relevance of the current support level as it represents a previous support level that was never properly retested during last year’s parabolic bull market. дальше »

2018-11-30 01:45


Ether Price Analysis: Untested Support Leaves Shaky Foundation During Drop

Much like the rest of the crypto market, ether has found itself devalued by more than 90% since its all-time high of $1,400 back in December of 2017. And now, almost a year later, ether sits just above $100 on what appears to be shaky ground during its latest round of selling over the last few weeks:Figure 1: ETH-USD, Daily Candles, Rapid DescentSimilar to bitcoin’s movement discussed in yesterday’s article, ETH-USD experienced a parabolic growth profile during its bull run. дальше »

2018-11-28 01:55


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Bitcoin Price Analysis: Another Red Day Pushes BTC Into Deeper Support Test

Bitcoin has tumbled again today as the market continues to see further downward movement shortly after breaking two areas of market support. So far, bitcoin is down 15% on the day — 25% in 1 week:Figure 1: BTC-USD, Daily Candles, Downward ContinuationThis drop below support is starting to display hallmarks of market capitulation. дальше »

2018-11-20 02:27


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Bitcoin Price Analysis: Yearly Support Breaks as Bitcoin Tests Underlying Demand

After months and months of consolidation, the yearly support finally broke and now bitcoin has found itself in the lower $5000s for the first time since 2017:Figure 1: BTC-USD, Daily Candles, Broken SupportBitcoin managed to drop a staggering 16% yesterday as the market sliced through the long held support like a knife through butter. дальше »

2018-11-16 01:28


China's Central Bank Wants to Put the Damper Airdrops: Report

The People's Bank of China (PBoC), China's central bank, has its eyes on cryptocurrency companies that run airdrop campaigns in the country. In its most recent financial stability report for 2018, which was published on Friday, November 3, 2018, the bank said there has been a surge in the number of "disguised" Initial Coin Offerings (ICO), including the free distribution of crypto tokens through airdrops, despite its effort to clamp down on their activities. дальше »

2018-11-5 22:04


China's Central Bank Wants to Put the Damper on Airdrops: Report

The People's Bank of China (PBoC), China's central bank, has its eyes on cryptocurrency companies that run airdrop campaigns in the country. In its most recent financial stability report for 2018, which was published on Friday, November 3, 2018, the bank said there has been a surge in the number of "disguised" Initial Coin Offerings (ICO), including the free distribution of crypto tokens through airdrops, despite its effort to clamp down on their activities. дальше »

2018-11-7 22:04