Category: Bitcoin News

Bitcoin Price (BTC) Could Retest Key Support Before Fresh Increase

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Bitcoin price climbed higher recently above the $11,000 resistance level against the US Dollar. The price spiked towards $11,200 and recently corrected lower below $10,800. There is a connecting bullish trend line forming with support near $10,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could retest the key $10,000 support level before it could rise again towards $11,000. Bitcoin price is struggling to continue higher above $10,800 support against the US Dollar. Therefore, BTC price might decline towards $10,000 before it could start…

Bitcoin And Crypto Market Approaching Next Break: BCH, XLM, EOS, TRX Analysis

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The total crypto market cap is currently trading in a range below the $290.0B resistance. Bitcoin price is also consolidating above the $10,500 support and is preparing for the next move. BCH price broke the $320 resistance, but it is struggling to gain momentum. EOS price is up around 2% and it recently traded above the $4.100 and $4.200 resistances Stellar (XLM) price is slowly moving higher towards the $0.0950 and $0.1000 resistance levels. Tron (TRX) price is likely to continue higher and it might soon break the $0.0300 resistance…

Reminder: Bakkt is Launching Bitcoin Futures in the Coming Day

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Bakkt is Finally Here That’s right, Bakkt is finally here. After months upon months of deliberation, hype, and odd regulatory setbacks, the cryptocurrency venture that has been backed by the New York Stock Exchange, Microsoft, and Starbucks is launching. Starting Monday, July 22nd, the exchange will be testing physically delivered Bitcoin futures, which will be one of the first product of its kind to be regulated in U.S. markets. It is currently unclear who will be testing the product, or in which way the contract and custody solution will be…

Bitcoin: Signal That Preceded Two 60% BTC Rallies is Forming

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Bitcoin Bulls Ready to Run Bitcoin (BTC) bulls are poised to break out of the gates. As noted by prominent analyst Joe McCann, the one-day Moving Average Convergence Divergence (MACD), an indicator meant to determine momentum and trends, is about to see a bullish crossover on Bitcoin’s one-day chart. This will see the blue line, the 12-Period EMA − 26-Period EMA, cross above the signal line. As McCann points out in the chart above, the last two times that the one-day Bitcoin chart saw this series of events come to fruition, BTC rallied by…

Bitcoin (BTC) Price Weekly Forecast: Approaching Next Crucial Break

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There was a solid upside correction initiated from the $9,100 swing low against the US Dollar. The price gained traction after it broke the key $10,000 resistance area and traded towards $11,250. There was a break above a major bearish trend line with resistance at $10,400 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair tested a crucial resistance near $11,250 and it is currently correcting lower. Bitcoin price is showing positive signs above the $10,250 support against the US Dollar. However, BTC must break…

Altcoins to Outperform Bitcoin? BTC Dominance Falling

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Bitcoin Dominance Losing Steam Despite the fact that Bitcoin is the leading crypto, altcoins, as non-BTC digital assets are known, were all the rage in late-2017 and early-2018. In fact, over the course of the bull run from 2016 to early-2018, Bitcoin dominance fell from over 90% to 33% at the bottom. This was catalyzed by a Cambrian explosion in the variety of cryptocurrencies, the ICO revolution, and massive growth in older projects like XRP and Ethereum. But, for much of the recent rally in the Bitcoin price, altcoins have…

Bitcoin Flexes Its Muscle, Reclaims $11,000 in Abbreviated Weekend Rally

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Seemingly out of nowhere, the bitcoin price rocketed past the psychologically important $11,000 level this weekend. No doubt traders are getting whiplash from the dramatic swings, as the range-bound BTC then pulled back to just over $10,900. The bitcoin price is off its best levels of the day. | Source: TradingView Not too long ago, Galaxy Digital CEO Michael Novogratz predicted that BTC would be range-bound for a while, suggesting the market would hover between $10,000 and $14,000, which it has. Now he is offering another bit of advice to investors…

Bitcoin (BTC) Sees Watershed Moment in China, And It’s Bullish

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Bitcoin is “Property” Under Chinese Law Boom, Bitcoin (BTC) has just seen a watershed moment in China. Despite the fact that the nation’s regulators turned on cryptocurrency, enforcing heavy regulations about digital asset trading, events, and certain forums/social media accounts, a court in China purportedly confirmed that BTC is legally protected as a form of “digital property”. Per a thread from Dovey Wan, a partner at Primitive, a crypto-friendly fund, the Hangzhou Internet Court confirmed that Bitcoin can be defined as “property” under local law. In fact, a statement from the…

Why You Can’t Bet With Bitcoin at Online Casinos in the US

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Since the dawn of Bitcoin, the cryptocurrency landscape has seen a lot of digital currency gaming websites where users can wager their coins in games like poker, dice, blackjack and slots. Because public blockchains are transparent, the protocols have made online gaming provably fair. However, throughout most states in the U.S., residents cannot participate in online gambling as politicians from the ‘Land of the Free’ stop them from making bets with their own money. Also read: Bitcoin Cash Milestones: Delivered Code, Upgrades and Platform Development Government: Here to Tell You…

Bitcoin (BTC) Holding Above $10,800 May Set Stage for Boom

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Bitcoin Spikes 4% in Minutes Out of nowhere, Bitcoin (BTC) has surged higher over the past couple of hours, catching many traders with their pants down as normal. As of the time of writing this piece, BTC trades at $10,900, just shy of the key resistance of $11,000, but located slightly above another important level, $10,800. According to Financial Survivalism, a prominent analyst, the next 24 to 48 hours will be essential to watch for Bitcoin and the broader cryptocurrency market. If we can breakthrough $10,800 & stay there for…