Day: April 13, 2019

Bitcoin RSI Remains Overbought, BTC Could See $3,000 If Historical Trend Is Followed

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Bitcoin Ready To Dump… Maybe While Bitcoin saw a drawdown from $5,450 to $4,950 on Thursday, BTC’s Relative Strength Index (RSI) reading remains at somewhat overbought levels. HornHairs, an industry analyst, recently drew attention to this fact, explaining that the technical’s movements over the coming days should be a topic of focus for traders across the board. He explains that crypto investors shouldn’t “sleep on one-day RSI bear divergences,” adding that the last two times Bitcoin looked as it did on the RSI, a retrace to the “previous swing low”…

Bears Should Be Sweating? Bitcoin (BTC) Showing Bullish Signs

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Bears’ Time Is Up According To One Bitcoin Analyst On Friday, Bitcoin (BTC) traded flat, with the asset posting a mere 0.5% gain to reach $5,100. In spite of this non-action, a popular analyst, Pat, claims that it would be fair to call that a bottom may very well be in for the cryptocurrency market. Pat quipped that if he was a “big bear,” he would “definitely be sweating.” But why is Pat so optimistic? According to the tweet, seen above, Bitcoin has broken above both its 200-day moving average…

Bitcoin (BTC) Price Signaling Bullish Continuation With Bulls In Control

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Bitcoin price corrected lower recently and tested the $4,920 support area against the US Dollar. The price recovered nicely recently and traded above the $5,040 and $5,100 resistance levels. There is a major breakout pattern in place with resistance at $5,130 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to accelerate higher and it could even surpass the $5,180 and $5,220 resistances. Bitcoin price likely completed a downside correction near $4,900 against the US Dollar. BTC is grinding higher and the current…

VR Firm Magic Leap Seeks Blockchain Engineers for User Data

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Virtual reality (VR) startup Magic Leap is seeking blockchain engineers according to recent listings on employment website Greenhouse. The firm is looking for a senior blockchain architect and blockchain engineers. Among the duties listed for the senior blockchain architect position, the individual will be “planning and execution of a portfolio of blockchain, smart contract, and Ricardian contract technologies in support of the implementation of our Lifestream business function.” In a recent interview with VR industry publication UploadVR, Magic Leap CEO Rony Abovitz said that Lifestream is: “all the data that…

Whale Watch: Large Bitcoin Cash Holders Accumulate 1 Million BCH Since February

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In the last two weeks, cryptocurrency prices have seen significant volatility and during this time onlookers have noticed large bitcoin whale movements once again. Data stemming from blockchain analysis indicates that over the last 48 hours, unknown whale wallets moved over 20,000 BTC ($101 million), showing another large migration not seen since last February. Additionally, bitcoin cash whales have accumulated 1.1 million BCH in the last five weeks. Also read: Bitcoin Whales Have Accumulated Thousands of Coins in the Last 2 Months Whales Have Moved $300 Million Worth of BTC…