Bitcoin traders are split on whether the cryptocurrency’s once-every-four-years “halving” will jolt prices toward 2017’s all-time-high near $20,000 or multiples of that. What’s clear is interest in the topic is surging on Google, according to a report from the Norwegian cryptocurrency analysis firm Arcane Research. The search engine’s Google Trends feature shows queries on the term “bitcoin halving” have doubled this month from December levels to the highest since the last such event in 2016. According to Arcane Research, the increasing number of Google searches is a sign the halving might…
Day: January 27, 2020
Bitcoin’s Halving Captures Growing Interest – Among Google Searchers
Bitcoin traders are split on whether the cryptocurrency’s once-every-four-years “halving” will jolt prices toward 2017’s all-time-high near $20,000 or multiples of that. What’s clear is interest in the topic is surging on Google, according to a report from the Norwegian cryptocurrency analysis firm Arcane Research. The search engine’s Google Trends feature shows queries on the term “bitcoin halving” have doubled this month from December levels to the highest since the last such event in 2016. According to Arcane Research, the increasing number of Google searches is a sign the halving might…
A “Serious” Bitcoin Correction to Occur if BTC Drops to This Level: Top Trader
After a five percent increase overnight, the bitcoin price is vulnerable to a major correction. A prominent trader Peter Brandt warned that a fall below a key level may trigger a serious correction. Brandt named the 18 displaced moving average (DMA) as the important level bitcoin has to defend to prevent a large pullback. Currently, as of January 27, the 18 DMA is at $8,540 on BitMEX. What happens if bitcoin drops below $8,540 and resumes correction? If the bitcoin price drops below the 17 DMA at $8,540 and enters…
How Coronavirus Outbreak in China Could Weigh on Crypto Prices
Jason Wu had to cancel a dozen meetings with his crypto clients in China after the coronavirus epidemic broke out this month. “We planned a 10-city tour to talk with potential clients in China,” Wu, the CEO and founder of non-custodial crypto lender DeFiner, said. “Nobody wants to attend any crypto-related conferences or any meetings at all because of the virus, we have to rearrange everything.” Since the first patient was identified on Dec. 8 in Wuhan, the capital of Hubei province in central China, the virus has claimed 80…
Bitcoin Price Indicator That Called 2019 Bull Run Flashes Green Again
Bitcoin (BTC) plans to move higher and further squeeze bears in the short term, several price indicators suggest. As the week begins, a group of measurements — some surprisingly accurate historically — are combining to make traders firmly bullish on BTC. Guppy repeats April 2019 bull signal Leading the positive signs is a useful but somewhat forgotten indicator dubbed the Guppy. This is a collection of exponential moving averages which has flashed green on the daily chart for the first time in around 300 days. The interval is significant —…
$9,500: Bitcoin Bulls Aim Big After Recent Surge Above $8,500
Bitcoin found a strong buying interest above $8,200, resulting in a fresh increase above $8,500. BTC price is currently above $8,600 and the bulls seem to be eyeing a break above $8,800 and $9,000. Bitcoin price is currently rising and showing positive signs above $8,500 against the US Dollar. The bulls seem to be in control above the $8,400 and $8,500 support levels. There was a break above a major bearish trend line with resistance near $8,360 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…
Bitcoin Cash Just Broke $350 and $400 Seems Imminent: Here’s Why
Bitcoin cash price started a strong rally from $300 and it gained more than 15%, whereas BTC is struggling near $8,700. BCH/USD could continue to rise towards $400 in the near term. Bitcoin cash price is up more than 15% and it broke the $350 resistance area against the US Dollar. The price is showing a lot of positive signs above the $330 level and the 100 SMA (4-hours). There was a break above a major declining channel with resistance near $324 on the 4-hours chart of the BCH/USD pair…
Ethereum Rallies 5%: Is This A False Breakout or Real Move To $200?
Ethereum found support near the $158 area and climbed around 5%, just like bitcoin. However, ETH price is facing a strong resistance near $170, above which it could continue higher. After forming a support base near the $158 level, Ethereum recovered above $162 against the US Dollar. The price is up more than 5% and it broke the $165 resistance area. There was a break above a key bearish trend line with resistance near $161 on the hourly chart of ETH/USD (data feed via Kraken). The bulls need to gain…
Former Employees Sue Justin Sun and TRON Foundation, Alleging Workplace Hostilities
A lawsuit accuses the frontman of the TRON cryptocurrency and his business associate of harassing and firing two employees, allegedly as payback for the employees’ objections to management practices and applications of the technology they were developing. In a 70-page court document filed in October in California state, Richard Hall, 50, and Lukasz Juraszek, 28, said they put up with escalating hostilities on the job that culminated in their termination last summer from BitTorrent, a file-sharing service that combined with the TRON Foundation in a $120 million sale two years…
Ethereum On Verge of Strong Bullish Breakout, Analysts Say. Here’s Why
While Bitcoin saw a stellar 2019, gaining around 90%, Ethereum suffered. The second-largest cryptocurrency, which was one of the best-performing assets in the 2017-2018 bull cycle, actually posted a negative performance in 2019, shocking investors across the board and contributing to a strong altcoin decline. Despite this, analysts are getting on the digital asset, seemingly indicating that it will have a much better year than last. Related Reading: Here’s Why Wall Street Veteran Thinks Bitcoin Isn’t a Viable Money, Yet Ethereum Preparing to Break Higher, Analysts Assert Cryptocurrency trader Polar Hunt…