Buying Bitcoin (BTC) Is Investing and Saving for Retirement

When talking about retirement investments, people usually focus on stocks. However, Bitcoin is proving to be a better retirement investment asset, even ahead of stocks, commodities, and other traditional investment vehicles. BTC Perception Is Improving Bitcoin’s popularity continues to grow all over the globe, despite the current bear cycle still keeping prices down. A research carried out by Blockchain Capital Blog earlier last month shows that Bitcoin awareness, familiarity, perception, and conviction have increased over the past two years. According to the research results, the percentage of people that have…

Bitcoin (BTC) Taps $8,000 After $1,700 Flash Crash

Bitcoin Jumps Up To $8,000 And just like that, we’re back over $8,000. Just hours ago, Bitcoin (BTC) tapped the aforementioned price level yet again, seemingly denying calls that a downturn is inbound. As Dan Held, the co-founder of Interchange, the “market bounced quickly from that fierce dip.” This move comes after CNBC “Fast Money’s” social media managers made a seemingly bearish ‘analysis’ of the crypto market. The jokes on them. For those who don’t know what Held, a long-time Bitcoiner is talking about, here’s a brief update. On Friday,…

Could Bitcoin (BTC) Scale Back Even Further? Analyst Thinks Crypto Needs To

Bitcoin Bull Market Might Not Have Started Bitcoin (BTC) is very cyclical. Over its ten years as a tradable asset, it has followed a set pattern, which can be easily charted. This is why Magic Poop Cannon, an ill-titled analyst, has recently begun to raise red flags, noting that the ongoing rally might be a “huge fake out”. In a recent TradingView post, Magic laid out his thoughts on the matter, postulating why BTC could fall from here, potentially to new lows. He explains that strong, correlated increases in the…

Bitcoin (BTC) Price Weekly Prediction: Indicators Suggest Rally To $9,000

There was a strong buying interest for bitcoin near the $6,800 support area against the US Dollar. The price started a fresh increase and broke the $7,000 and $7,500 resistance levels. There was a break above a major contracting triangle with resistance near $7,300 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is eyeing a strong rise and it could trade above $8,500 and $8,800 in the near term. Bitcoin price is up more than 10% after a strong downside correction against the US…

Bitcoin (BTC) Could Sell-Off Further, Plunge Under $7,000: Analyst

Bitcoin Might Be Poised To Drop Further On Friday, the crypto market was shocked when Bitcoin suddenly flash crashed. Within an hour, the leading cryptocurrency fell from $7,800 to $6,100 on Bitstamp, as one entity seemingly triggered a massive sell-off with one large sell order, purportedly amounting to 5,000 BTC. While Bitcoin rapidly recovered, moving from $6,100 to $7,300 as of the time of writing, some fear that this move is entirely conducive to the crypto market’s short-term success. In other words, another drawdown might just be inbound. Bravado analyst…

First Brexit, Now Trade Wars: Global Politics Driving Bitcoin (BTC) Investors

In April, after more than a year of falling prices, Bitcoin and the crypto markets took off on a bullish rally. While the initial price jump has been tied to a massive 21,000 BTC buy, geopolitical overtones at the time concerning Brexit contributed to the wave of investment interest. During the same week that Bitcoin and cryptocurrency experienced its first bullish rally since the beginning of 2018, British Parliament and Prime Minister Theresa May were embroiled in a debate on how to handle their exit from the European Union. While…

Despite Bitcoin (BTC) Stagnation, Economist Has High Hopes For Crypto

Bitcoin (BTC) bears slow down In 20-30 years Bitcoin will be money says a BoE Chief Economist Andrew G. Haldane, the Chief Economist of the Bank of England, believes Bitcoin will be money in the next two to three decades. Presently, BTC is trending within a $30 range as bears attempt to press lower. Bitcoin Price Analysis Fundamental Well, it has been a see-saw for Bitcoin and most cryptocurrencies because of their direct correlation with the king. Although some skeptics as Roubini and traditional market influencers as Kevin O’Leary of…

Bitcoin (BTC) Price Near Inflection Point: Fresh Increase Likely

Bitcoin price declined heavily yesterday and traded close to the $6,650 support against the US Dollar. The price traded as low as $6,645 and it is currently recovering towards the $7,400 level. There is a key bearish trend line forming with resistance at $7,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair needs to clear the $7,400 and $7,512 resistance levels to start a strong upward move. Bitcoin price seems to be forming a new support base above $7,000 against the US Dollar. BTC…

Bitcoin (BTC) Correction in Progress, Another $1,300 Drop Likely

Bitcoin (BTC) slide 10.9 Percent Bitstamp flag a large sell order that caused a market imbalance, over-pricing BTC Not surprising, Bitcoin (BTC) prices are under pressure, dropping 10.9 percent in the last day, at the time of writing. Analysts attribute this to a large sell order from Bitstamp that forced prices to fall as supply exceeded demand. Bitcoin Price Analysis Fundamentals In a day marked by chaos and investors jostling to liquidate Bitcoin (BTC) at market rates, the asset price dropped by $1,340. By sliding from intra-day highs of $7940…

732,982 Bitcoin Addresses Now Own More Than 1 BTC

Bitcoin (BTC) enthusiasts, it seems, are not ready to regret once BTC register new all-time highs. Statistics now reveals that most crypto enthusiasts are on a spree, accumulating before the unstoppable Bull Run kicks in. “The Bitcoin virus continues to spread. 732,982 Bitcoin addresses now own more than 1 BTC,” noted Kevin Rooke on Twitter. A glance at a historical chart tracking Bitcoin’s active addresses indicates that active BTC addresses were on their all-time high towards the end of 2017. For example, on Nov 21, 2017, active Bitcoin address stood…