Tag: Bullish

This Bitcoin Hard Fork Is up Over 100% YTD & Still Looks Very Bullish

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While the limelight continues to shine on bitcoin, there are other crypto tokens that might also deserve your attention. One, in particular, is Bitcoin Gold. The bitcoin hard fork climbed as high as $32.54 on June 26 before succumbing to profit-taking. At that point, the cryptocurrency was up by over 154 percent for the year. It is down almost 20 percent from the 2019 high currently. However, our analysis suggests that the current pullback is potentially nothing but a setup for a big comeback. Bitcoin Gold Printing a Reliable Reversal…

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…

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

boss

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…

Bitcoin Price (BTC) Signaling Bullish Continuation To $11K

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Bitcoin price rallied recently above the $10,000 and $10,200 resistance levels against the US Dollar. The price climbed towards the $10,800 resistance and recently started consolidating gains. There is a contracting triangle forming with resistance near $10,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could accelerate towards $11,000 and $11,200 if it clears the $10,800 resistance. Bitcoin price is showing a lot of positive signs above the $10,400 support against the US Dollar. BTC is currently preparing for more upsides and it could…

3 Battered Cryptos Are Flashing Bullish Signals

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The crypto market’s steep selloff over the last few days has driven the total market capitalization of all cryptocurrencies from a high of $294.9 billion to lows of $249.1 billion this week. That’s a drop of over 15 percent in less than five days. As a result, many coins – including large-caps – plummeted close to crucial support areas before enjoying a moderate recovery on Thursday. The silver lining from the downturn is that it demonstrated that bulls are willing to defend their territory, even in battered cryptocurrencies like Ripple…

Crypto Trader Screams Bullish Green Bitcoin Price in July

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Bitcoin is having a mixed July so far. The price of the flagship cryptocurrency has hit a slump of late after beginning the month on a solid footing thanks to President Trump’s latest tirade and the aspersions being cast on Facebook’s Libra cryptocurrency. But despite the recent dip in bitcoin prices, one trader still believes that the cryptocurrency could end July at $16,000. BITCOIN Targeting $16000 within July. – #BTCUSD chart https://t.co/InjL0qdgEX — TradingShot (@TradingShot) July 10, 2019 An aggressive bull cycle could push bitcoin prices higher TradingShot is a…

Bitcoin Smashes Past $13,000: BTC is “Bullish AF”, Analyst Says

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Bulls Boost Bitcoin Beyond $13,000 Bulls have continued to make their presence known on Wednesday. Bitcoin (BTC), as of the time of writing this, is changing hands for $13,050 apiece, marking the highest the asset has been since late-June, prior to the brutal $4,000 dump following the blow-off top at $13,800. This rapid bullish reversal, which took a mere two weeks’ time, accentuates that Bitcoin is clearly in an uptrend. If Bitcoin manages to close a daily candle, let alone a weekly candle, above $13,000, many analysts, including Crypto Hornhairs…

Bitcoin Smashes Past $13,000: BTC is “Bullish AF”, Analyst Says

boss

Bulls Boost Bitcoin Beyond $13,000 Bulls have continued to make their presence known on Wednesday. Bitcoin (BTC), as of the time of writing this, is changing hands for $13,050 apiece, marking the highest the asset has been since late-June, prior to the brutal $4,000 dump following the blow-off top at $13,800. This rapid bullish reversal, which took a mere two weeks’ time, accentuates that Bitcoin is clearly in an uptrend. If Bitcoin manages to close a daily candle, let alone a weekly candle, above $13,000, many analysts, including Crypto Hornhairs…

Bitcoin’s 20% Slump From 2019-High Won’t Kill Strong Bullish Fundamentals

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Since June 26, within the past three weeks, the bitcoin price has declined from $13,868 to around $11,200 by 20 percent against the U.S. dollar. After recording a 250 percent increase in value year-to-date at its yearly peak, a pullback for bitcoin was generally anticipated by traders. Following its 20 percent decline, fundamentals for the dominant crypto asset remain strong as seen in its hash rate achieving an all-time high. What does all-time high bitcoin hash rate indicate? Since January 2019, the hash rate of the Bitcoin blockchain network has…

Bitcoin’s 20% Slump From 2019-High Won’t Kill Strong Bullish Fundamentals

boss

Since June 26, within the past three weeks, the bitcoin price has declined from $13,868 to around $11,200 by 20 percent against the U.S. dollar. After recording a 250 percent increase in value year-to-date at its yearly peak, a pullback for bitcoin was generally anticipated by traders. Following its 20 percent decline, fundamentals for the dominant crypto asset remain strong as seen in its hash rate achieving an all-time high. What does all-time high bitcoin hash rate indicate? Since January 2019, the hash rate of the Bitcoin blockchain network has…