No Man’s Land: Bitcoin Price Locked in $600 Range for Seventh Day

View Bitcoin has been trapped largely in the $7,500–$8,100 trading range since June 5. A high volume falling channel breakout on the 4-hour chart, if confirmed, would revive the bullish outlook and open the doors to $8,500. The 4-hour chart moving averages and trading volumes indicate the price is more likely to fall back to $7,500 in the next 24 hours. A break below $7,500 would validate the bearish doji reversal confirmed by Sunday’s close below $8,000 and allow a deeper drop below $7,000. Bitcoin’s (BTC) struggle for direction continues…

No Man’s Land: Bitcoin Price Locked in $600 Range for 7th Day

View Bitcoin has been trapped largely in the $7,500–$8,100 trading range since June 5. A high volume falling channel breakout on the 4-hour chart, if confirmed, would revive the bullish outlook and open the doors to $8,500. The 4-hour chart moving averages and trading volumes indicate the price is more likely to fall back to $7,500 in the next 24 hours. A break below $7,500 would validate the bearish doji reversal confirmed by Sunday’s close below $8,000 and allow a deeper drop below $7,000. Bitcoin’s (BTC) struggle for direction continues…

Nearly 1% of All Ethereum is Locked in the MakerDAO Smart Contract

Twitter Facebook LinkedIn MKR.tools creator Mike McDonald raised a celebratory alarm on Twitter yesterday morning. According to the Ethereum blockchain, about 1 million ether  – or almost 1 percent of the total Ethereum supply – is presently locked in MakerDAO smart contracts. There is now 1,000,000 ETH locked in @MakerDAO smart contracts as of this morning ?. A slight rounding error away from 1% of the total ETH supply. pic.twitter.com/0ePQv6mWKm — Mike McDonald (@mikeraymcdonald) November 13, 2018 MakerDAO is the project behind Dai, a second-generation stablecoin offering which very carefully…

BTC/USD Locked Inside Ascending Channel

Bitcoin price today remained in a bias-conflict, neither rising nor falling much. The BTC/USD started Wednesday just shy of 7010-fiat and managed to go as north as 7137-fiat by the end of Asian, and the beginning of European session. The lackluster volume didn’t offer many opportunities for the day traders, but it established that price could attempt a solid breakout from after invalidating its comprehensive narrow range. To explain further, BTC/USD is still climbing inside the ascending channel (please refer to the chart below) while testing its upper trendline as…

EOS Locked 7 Accounts and This Has Implications for Everyone in Crypto

In an effort to stop several thefts, seven accounts on the EOS blockchain were frozen on June 17. At face value, many will see this move by the 21 block producers (BPs) in charge of validating transactions on the newly live blockchain as a success in stopping malicious actors from bilking several users out of more than $20,000 in EOS. But others are concerned that such a decision will have far-reaching implications – and not just for EOS, but many other blockchains as well. But first, it’s helpful to understand…