Category: Bitcoin Analysis

Bitcoin Price Pounds into Bull Market, Could Surge to $400,000: Analyst

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As the bitcoin price continues to hover in a tight range just below $4,000, crypto investors are breathlessly waiting to find out whether bitcoin price can punch through the resistance line that thwarted its most recent attempt to initiate a new bull market. Below, we examine both the bull and bear case for bitcoin as traders position themselves to be on the right side of the crypto market’s next major move. Bull Case: Bitcoin’s Losing Streak is Over, Could Rally to $400,000 Writing at ThinkMarkets UK, Chief Market Analyst Naeem…

Crypto Market Testing Crucial Support: XLM, Bitcoin Cash, EOS, TRX Analysis

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The total crypto market cap corrected lower recently and tested the $132.0B support area. Bitcoin cash price started a downside correction after testing the $165 resistance. EOS price is slowly moving lower towards the $3.70 support level. Stellar (XLM) price is up more than 4% and broke the $0.1120 and $0.1140 resistances. Tron (TRX) is currently flat near the $0.0230 support level. The crypto market is trading above key supports, with range moves in bitcoin (BTC) and Ethereum (ETH). Stellar (XLM) gained traction, while BCH, EOS, ripple and tron (TRX)…

Bitcoin Price Has Just a 5% Chance to Hit $10,000 in Next 6 Months

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The chances of the bitcoin price reaching five figures within the next six months are growing slimmer by the day. Based on the current value of BTC options, cryptocurrency analysis firm Skew Markets has disclosed that the odds of bitcoin exceeding the $10,000 mark by September are now just 4.6 percent. Odds of bitcoin >10k by September = 4.6% What do you think? pic.twitter.com/5BVeRbETem — skew (@skew_markets) March 18, 2019 Additionally, the probability of bitcoin reaching slightly lower price targets are not that great either. For instance, the probability of…

Facebook Cryptocurrency is ‘Cool’ But Bitcoin is Better

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Billionaire investors Cameron and Tyler Winklevoss aren’t too worried that Facebook’s cryptocurrency project will end up being a “bitcoin killer.” In fact, they maintain that it will have more impact on the world than Facebook ever did. Winklevoss: Bitcoin Still ‘So Young’ for People to Crow over its Demise Speaking to the UK’s Daily Telegraph at the annual SXSW festival of film and music, the twins, who first bought the leading cryptocurrency when it was valued at around $8 per coin, pointed to how an emerging Amazon outmaneuvered retail giant…

Bitcoin (BTC) Flat-Line Below $4,000; Bears of Feb 24 Likely to Flow Back

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Bitcoin price up but under pressure MimbleWimble protocol could be an excellent match for Bitcoin Transaction volumes more than half those of Feb 24 There are specific benefits of the MimbleWimble protocol, and one of them is privacy through CT. If the Bitcoin community decides to incorporate this untested protocol, then the network will not be scalable but be completely anonymous. Perhaps it will be the only trigger that will drive prices above $6,000 to $12,000 as demand Bitcoin (BTC) demand surge. Bitcoin Price Analysis Fundamentals To understand emerging technology…

Bitcoin Rages Bullish in Technical Indicators For the First Time Since 2017

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In recent months, the substantial increase in the daily volume of bitcoin and the rest of the cryptocurrency market has led analysts to suggest that the overall trading activity in the market is rising. While some stated that the minimal impact on the bitcoin price despite the large movements of alternative cryptocurrencies show a small inflow of capital into the crypto market, the general sentiment regarding the asset class has improved. Join CCN for $9.99 per month and get an ad-free version of CCN including discounts for future events and…

Bitcoin (BTC) Price Watch: Rally Takes Break, But Not Likely Over

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Bitcoin price climbed higher towards the $4,040 level before correcting lower against the US Dollar. The price declined below $4,000 and tested the key $3,940 support area. Recently, there was a break above a connecting bearish trend line with resistance at $3,970 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently moving lower, but it remains well supported near $3,940 and $3,920. Bitcoin price corrected gains recently below $4,000 against the US Dollar. BTC could bounce back as long as it is trading…

Bitcoin Perma-Bull Tom Lee Believes Bitcoin Price Should Be $15,000-$20,000

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Bitcoin perma-bull Tom Lee of Fundstrat tried to buttress his recent projection that the bitcoin price is due for a major rally soon. On March 17, Lee tweeted that the “tailwinds” that had dragged bitcoin down during the current Crypto Winter are easing. Specifically, Lee claims that “macro factors such as a rally in risk assets plus the US dollar no longer surging are tailwinds for BTC.” Join CCN for $9.99 per month and get an ad-free version of CCN including discounts for future events and services. Support our journalists…

The Current Bitcoin (BTC) Revival Propped By Low Volumes

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Bitcoin prices up, banding along the upper BB Craig Wright sued for allegedly defrauding Dave Kleiman Transaction volumes low, averages must be above 40k for BTC to rally The family of Dave Kleiman is suing Craig Wright for $5 billion claiming that he unlawfully forged, backdated and signed off part of Dave’s share of around 1.1 million BTCs they had mined. Whether an eventual closure will see these BTCs liquidated or not, Bitcoin prices are recovering although with light trade volumes. Bitcoin Price Analysis Fundamentals Craig Wright is a controversial…

Bitcoin Rallying Above $4,000 Could be Due to Bitmex Futures: Analyst

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There is a noticeable correlation between Bitcoin’s latest jump and Bitmex Futures, believes Luke Martin. The renowned cryptocurrency analyst said Thursday that Bitcoin price moved north right after Bitmex launched its September futures, XBTU19. Martin noted that the bitcoin market underwent a jump in volume and volatility after the XBTU19 went live. He also identified two similar events in the past in which the beginning of new futures contracts coincided with increased volatility and volume in the Bitcoin market. Bitmex Futures and Bitcoin Price | Source: Luke Martin Martin referred…