Tag: btc

Crypto Bulls On Alert As Bitcoin (BTC) Flip-Flops Around $4,000

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Bitcoin Could Turn Bearish Under $3,900 Ever since Bitcoin (BTC) breached $4,000 a few days back, the market has entered a lull. Cryptocurrencies have held within a tight range, failing to show signs of either a bullish breakout of bearish reversal. Yet, some analysts are starting to fear a short-term collapse, as BTC flip-flops around $4,000 with indecision, a sign to some that a sell-off is in the works. Luke Martin, better known as Venture Coinist, remarked that if Bitcoin heads higher in medium-term time frames, like the four-hour or…

Mt Gox Settlement and $593 Million of BTC and BCH, Will Bitcoin Rally?

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Bitcoin prices steady after yesterday’s sell-off Mt Gox trustee approved 802,521 BTC as claims Volumes stable but below average Wholesale liquidation of Bitcoin and Bitcoin Cash stash in the hands of Nobuaki could heap pressure on responsible exchanges. Besides, it will also cause unnecessary price fluctuation that may work against victims triggering a sell-off towards Dec 2018 lows. Bitcoin Price Analysis Fundamentals All eyes are on Nobuaki Kobayashi and how he plans to compensate victims of the now defunct Mt Gox following his approval of “802,521 BTC, 792,296 BCH and…

Bitcoin (BTC) Price Looks To Reclaim $4,000 After Sharp Sell-off

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Bitcoin price traded to a new weekly high above $4,060 and later declined sharply against the US Dollar. The price broke the key $3,960 support level and tested the next main support at $3,875. There is a short-term connecting bearish trend line formed with resistance near $4,015 on the hourly chart of the BTC/USD pair (data feed from Kraken). The recent rebound was positive, but it won’t be easy for buyers to reclaim $4,000 and $4,020. Bitcoin price rebounded sharply after a massive drop below $3,900 against the US Dollar.…

Bitfinex’s Bitcoin Markets Could Be Signalling a BTC Rally To $5,000

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Bitcoin “Likely” To Break Higher Over recent weeks, the cryptocurrency market has seemingly began to embark on a slow and steady recovery. While the asset class took a slight tumble on Thursday, with Bitcoin (BTC) falling by 1.33%, cryptocurrencies are still nearing their year-to-date highs. The simple fact has led some crypto analysts to begin touting bullish sentiment, as the technical and fundamentals tides have seemingly begun to turn in BTC’s favor. Prominent trader Filb Filb joined in with his own optimism recently, issuing a number of charts accentuating his/her…

Bitfinex’s Bitcoin Markets Could Be Signalling a BTC Rally To $5,000

boss

Bitcoin “Likely” To Break Higher Over recent weeks, the cryptocurrency market has seemingly began to embark on a slow and steady recovery. While the asset class took a slight tumble on Thursday, with Bitcoin (BTC) falling by 1.33%, cryptocurrencies are still nearing their year-to-date highs. The simple fact has led some crypto analysts to begin touting bullish sentiment, as the technical and fundamentals tides have seemingly begun to turn in BTC’s favor. Prominent trader Filb Filb joined in with his own optimism recently, issuing a number of charts accentuating his/her…

Hold Bitcoin (BTC), Billionaire Recommends Even as Coin Demand Wane

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Bitcoin prices likely to crumble Chinese billionaire recommends hodling Transaction volumes low averaging 6k. Although Bitcoin is on an uptrend, it may correct in days ahead as sellers of Feb 24 flow back pouring cold water on bulls’ effort. All the same and according to Zhao, a Chinese billionaire, Bitcoin holders should hold as much as possible when nobody cares. Bitcoin Price Analysis Fundamentals According to the US SEC, Bitcoin and Ethereum are the two most decentralized platforms. Indeed, as a pioneer and a growing network powered by a global…

Bitcoin Price & Technical Analysis: BTC Trying to Continue Rising

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Photo: QuoteInspector By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. Paper shops in Australia start selling BTC Novogratz thinks Bitcoin is likely to rise soon Investors get more interested in altcoins Over the last week, there were no major news in the crypto world. Among the curious things, one may pay attention to the Australian paper shops starting selling BTC. This is based on the Binance’s Lite Australia platform. Currently, there are at least 1,300 selling points. Other cryptos are likely to be added soon. The transaction fee is 5%, and…

Bitcoin (BTC) Price And Time: Trend Overwhelmingly Bullish

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Bitcoin price is gaining bullish momentum above the $4,000 resistance area against the US Dollar. The price is trading near monthly highs and it could accelerate above $4,050 and $4,080. There is a key connecting bullish trend line formed with support at $3,985 on the hourly chart of the BTC/USD pair (data feed from Kraken). The current price action indicates a positive uptrend, with chances of gains above $4,100 in the near term. Bitcoin price is trading with a positive bias above $4,000 against the US Dollar. Dips in BTC…

Bitcoin (BTC) Going Mainstream, Accepted By a $4.7 Billion Company

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Bitcoin Price steady, may rally Avnet now accepts Bitcoin via BitPay Participation low but demand picking up By collaborating with BitPay, Avnet now joins the likes of Microsoft and Dell as corporations accepting Bitcoin as payment. Regardless, Bitcoin (BTC) prices are steady and could close above $4,000. Bitcoin Price Analysis Fundamentals Based in Phoenix, Arizona and drawing $17.4 billion in revenue, Avnet—one of the largest electronic component distributors in the US and one of the most capitalized Fortune 500 Company has partnered with BitPay, a Bitcoin and Bitcoin Cash payment…

Crypto Analyst: As Bitcoin Staring Down A Barrel, BTC Needs To Break $4,200

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Bitcoin Facing Downtrend, Watch $4,200 Per prominent analyst Crypto Rand, Bitcoin (BTC) is entering “do or die” time. In a recent post, Rand drew attention to a “yearly downtrend channel resistance,” which began in April 2018, and has depressed BTC each time it has tried to foray higher. In July of last year, BTC tried its hand at moving past $8,000 but failed, as the asset encountered this multi-month resistance level. In November, the cryptocurrency plummeted under $6,000, failing to maintain a medium-term, mildly-sloped uptrend and break the downtrend simultaneously.…