Bitcoin’s Perfect Storm: Is BTC Ready to Rumble?

Crypto market momentum is still pushing ever higher as Bitcoin touches its long term resistance point of $4,200. It appears that a perfect storm is brewing for BTC which could send it on a rally up to $5,000 or beyond. The next few days will be critical for crypto markets which will all follow in its wake, whatever direction Bitcoin takes. Four Months ago Bitcoin plunged through $6,000 which many had predicted would be its floor in this bear market. It hit a 2018 low of just below $3,200 in…

Bitcoin’s Perfect Storm: Is BTC Ready to Rumble?

Crypto market momentum is still pushing ever higher asBitcoin touches its long term resistance point of $4,200. It appears that aperfect storm is brewing for BTC which could send it on a rally up to $5,000 orbeyond. The next few days will be critical for crypto markets which will allfollow in its wake, whatever direction Bitcoin takes. Four Months ago Bitcoin plunged through $6,000 which manyhad predicted would be its floor in this bear market. It hit a 2018 low of justbelow $3,200 in mid-December but has been battling back…

Former Point72 Exec: Bitcoin is Still a Perfect Way to Bet Against Central Banks

Travis Kling has taken to the streets yet again. This time, the chief investment officer of Ikigai, a Los Angeles-based crypto hedge fund that launched in October, doubled-down on his sentiment that Bitcoin (BTC) is a perfect way to bet against the monetary policy enlisted by global governments and Wall Street mainstays. Related Reading: Economist’s Belief That Stocks Are Overvalued Has Bitcoin Enthusiasts Enthused Bitcoin Hedge Against Fiscal Irresponsibility At the Cayman Alternative Investment Summit hosted in the British Territory, Grand Cayman, Kling explained that there’s a high likelihood that the…

Canadians Denied at U.S. Border for Purchasing Marijuana Shows Perfect Usecase for Bitcoin

The Government of Canada has advising warnings that citizens should purchase marijuana with cash to protect their personal information on December 19, 2018, highlighting a perfect real-world scenario for Bitcoin. While Canada made waves back in October by legalizing recreational marijuana, Canada is back in the news due to other countries (notably the USA) turning away Canadian citizens that have purchased marijuana, despite it being legally acquired. Note this isn’t a problem if a Canadian is traveling to another marijuana friendly country but with the political landscape still heavily against…

45 cents to 55 Cents Perfect for Buying at Discount

From xRapid launch, comments from Michael Didiuk and recent partnership between Ripple Labs and Santander’s One Pay X, Ripple fundamentals are vibrant.  However, we are yet to see that spill over to price. So far, XRP is down 18 percent from last week’s highs but could pull back above 50 cents. Once it does, conservative traders can buy on pull backs with first targets at 80 cents as per our previous XRP highlights. Latest Ripple News It’s like the anticipation of SEC to deliver a favorable ruling on XRP has…

ETH Dips Perfect for Bulls Aiming at $300

Ethereum prices are slowing down. At the back of last week’s eight percent gains, prices are ranging in lower time frames. Even though yesterday was bearish, we expect prices to pick up and sync in line with last week’s gains. However, for activation of long term bulls, prices must close above $300 or week ending Sep 9. Latest Ethereum News No doubt Ethereum is a market leader when it comes to smart contracting and dApp development. Thanks to its pioneer advantage, the platform is a go-to platform for developers and…

Cryptocurrencies Are ‘Perfect,’ But Often Used for Illicit Activities

Cryptocurrencies are “perfect”, but are often used for bad purposes, executive chairman of multinational Spanish banking group Banco Bilbao Vizcaya Argentaria (BBVA) Francisco Gonzalez Rodriguez stated in an interview with CNBC Friday, September 14. Gonzalez has claimed that the world is going through “an incredible digital revolution” which will eventually lead to a new world order. However, the BBVA executive has also stressed that there are “ripple effects” that must be understood. He further explained the risks of digital technologies: “Cryptocurrencies are perfect, but are used for bad purposes today,…