Mayer Multiple Passing 1.0 Signals That Bitcoin (BTC) Bear Market Might Be Over

Historical Trends Show Bitcoin Might Have Bottomed At $3,100 The Mayer Multiple, a measure conceptualized by diehard Bitcoin investor and evangelist Trace Mayer, seems to be signaling that BTC might have bottomed. As explained by analyst Crypto Kea, the multiple, which weighs the price and 200-day moving average (key support/resistance), recently passed 1.0 after falling to 0.51 on December 14th. Kea claims that this simple fact “might have just indicated the bottom of this bear market.” The analyst looks to the fact that in previous market cycles, whenever the Mayer…

Prominent Crypto CEO: Bitcoin (BTC) Passing $6,200 To Spark “Major Bull Run”

Crypto Winter Might Not Be Over Just Yet The brutal, nearly 16-month long “crypto winter” might not be done just yet, according to Vinny Lingham anyway. Lingham, the chief executive of blockchain startup Civic and investor, recently issued a multi-part thread on the matter, breaking down why he believes that the ongoing rally in Bitcoin (BTC) might not be sustainable. And interestingly, Lingham pins his thought process to a single fact: altcoins, or what the blockchain entrepreneur calls “various crypto assets” have yet to decouple from the price action of…

Bitcoin Cash Fans Start ‘Torch Passing’ Ceremony With a Non-Divisible Token

Bitcoin Cash (BCH) supporters have been passing around a different kind of ‘LN Trust Chain’ across forums and social media. The social experiment for passing digital value has taken a different path to the Lightning Torch because people can share the non-divisible SLP Torch onchain for fractions of a penny. Also read: How to Use Bitcoin When the Apocalypse Hits The One and Only Non-Divisible SLP Torch Begins a Passing Ceremony Over the last few weeks, Lightning Network (LN) supporters have been participating in a social experiment called the Lightning…

Bitcoin Cash Fans Start ‘Torch Passing’ Ceremony With a Non-Divisible Token

Bitcoin Cash (BCH) supporters have been passing around a different kind of ‘LN Trust Chain’ across forums and social media. The social experiment for passing digital value has taken a different path to the Lightning Torch because people can share the non-divisible SLP Torch onchain for fractions of a penny. Also read: How to Use Bitcoin When the Apocalypse Hits The One and Only Non-Divisible SLP Torch Begins a Passing Ceremony Over the last few weeks, Lightning Network (LN) supporters have been participating in a social experiment called the Lightning…

The Passing of Cypherpunk Tim May Is a Stark Reminder of Bitcoin’s Grassroots

On December 15, 2018, one of the co-founders of the Cypherpunk movement and prominent computer scientist Timothy C. May passed away at the age of 67. Among numerous other achievements, May was primarily responsible for shaping the conversation around the economic and legal freedoms implied by modern cryptography. The famous Cypherpunk mailing list in which these ideas were discussed, included contributions from Julian Assange, Nick Szabo, David Chaum, Adam Back, Hal Finney, Wei Dai, and countless other individuals. Now, after ten years of Bitcoin, 26 years since The Crypto Anarchist…

Bitcoin Price Looks North After Passing $6.4K Resistance

Bitcoin (BTC) is teasing a decent bullish move, having cleared crucial resistance a few hours ago. The leading cryptocurrency moved past $6,400 earlier today, signaling that bearish exhaustion – as indicated by Tuesday’s spinning bottom candle – is paving way for a corrective rally. Notably, the positive price action was preceded by a solid defense of the long-term trendline connecting the June low and Aug. 11 low and an upside break of the symmetrical triangle. As a result, the stage looks set for an upside move. However, caution is still…