Bitcoin (BTC) Surmounts $6,500, Investors Overwhelmingly Bullish

Bitcoin Tops $6,500 At Last, Many Bullish Wow. In what can only be described as jaw-dropping, Bitcoin (BTC) rocketed pass $6,300, $6,400, and $6,500 in rapid succession on Friday. By the looks of it, $6,600 might just be on the horizon. For some reason or another, buying pressure has returned to the cryptocurrency market in droves. While some cynics have argued that Bitcoin is rallying too fast and too high for its own good, some are sure that BTC’s technical set-up still is looking entirely bullish. David Puell of Adaptive…

Bitcoin Fundamentals and Technicals Flip Overwhelmingly Positive

2018, by many measures, was the crypto ecosystem’s worse year yet. Digital assets, even Bitcoin (BTC), lost over 80% of their peak value on average; industry startups laid off chunks of employees or shut down entirely; and the words “crypto” and “blockchain” receded from the limelight, becoming a painful memory for those who “FOMOed” near early-2018’s peak. However, an array of data and other key pieces of evidence tells us that more likely than not, 2019 will be an absolutely monumental year for Bitcoin. Let’s take a look. Bitcoin Fundamentals…

Bitcoin (BTC) Price Trend Overwhelmingly Bullish & Dips Remain Attractive

Bitcoin price started a downside correction after trading as high as $5,641 against the US Dollar. The price tested the $5,500 support area and recently bounced back above $5,580. There is a key bullish continuation pattern in place with resistance near $5,595 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains well supported on the downside and it could climb to a new 2019 high above $5,641. Bitcoin price remains in a strong uptrend above $5,400 against the US Dollar. BTC is moving higher…

Bitcoin (BTC) Trend Overwhelmingly Positive As Bulls Eye $5,400

Bitcoin price formed a double bottom pattern near $4,940 and climbed higher against the US Dollar. Bulls pushed the price above the key $5,150 and $5,160 resistance levels. Yesterday’s highlighted major bearish trend line was breached at $5,110 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently trading in a positive zone and it could continue to rise towards $5,350 or $5,400. Bitcoin price rebounded sharply above $5,200 against the US Dollar. BTC is back in a decent uptrend and it seems like…

Bitcoin (BTC) Price Trend Overwhelmingly Bullish, Bulls Aim $4,400

Bitcoin price gained traction in the past few days and traded to new a new monthly high at $4,132 against the US Dollar. The price corrected lower recently, but it found support near the $4,050 and $4,040 levels. There is a major ascending channel in place with support at $4,070 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair might decline towards the $4,040 support once again before climbing higher in the near term. Bitcoin price is trading in a strong uptrend above $4,000 against…

Bitcoin (BTC) Price And Time: Trend Overwhelmingly Bullish

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) Price Weekly Analysis: Trend Overwhelmingly Bullish To $4,200

Bitcoin price slowly moved higher and dips remained supported above $3,800 against the US Dollar. The price fell significantly recently, but buyers protected the $3,800 support area. There is a crucial ascending channel is in place with support at $3,830 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair remains in an uptrend and it is likely to accelerate above $4,000 and $4,100 in the near term. Bitcoin price is grinding higher with a positive bias above $3,800 against the US Dollar. BTC/USD buyers are…

Bitcoin Price Watch: BTC Trend Overwhelmingly Bearish Below $3,760

Bitcoin price extended losses and traded below the $3,720 and $3,700 supports against the US Dollar. The price traded as low as $3,671 and it is currently consolidating above the $3,700 level. There is a crucial bearish trend line formed with resistance at $3,775 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher, but it is likely to struggle near the $3,740 and $3,760 resistance levels. Bitcoin price is trading with a bearish bias below $3,800 against the US Dollar. BTC remains…

Ripple Price Analysis: XRP’s Trend Overwhelmingly Bullish Above $0.3200

Ripple price rallied recently and broke the $0.3000, $0.3150 and $0.3250 resistances against the US dollar. There was a break above two bearish trend lines with resistance near $0.2920 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair traded above the $0.3320 level and it is currently correcting gains towards the $0.3210 support. Ripple price jumped back sharply in the bullish zone against the US Dollar and Bitcoin. XRP/USD is trading with a positive bias and dips remain supported near $0.3200. Ripple Price Analysis After…

Centralized Exchanges Still Overwhelmingly Dominate Market, New Report Shows

Despite a significant uptick in the creation of decentralized crypto exchanges (DEX) in 2018, their centralized counterparts continue to control the lion’s share of global industry trade volumes. The finding was reported in the 2018 Cryptocurrency Exchange Annual Report from crypto and blockchain research organization TokenInsight, shared with Cointelegraph Jan. 21. TokenInsight’s report, which has reportedly analyzed data from over 400 global crypto exchanges, indicates that DEX account for just 19 percent of the global exchange ecosystem. Further, the trading volumes on DEX amount to less than 1 percent of…