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Bitcoin Traders are Exiting Bullish Positions En Masse, Data Shows
12/30/2019 07:44
The number of traders who had bullish positions on bitcoin is declining. And it could be significant in determining the cryptocurrency's next big move. Charts on the Bitfinex exchange earlier showed an almost parabolic rise in long positions, showing that investors expected to profit from a rise in the bitcoin price. Between November 23 and... The post appeared first on NewsBTC.
Bitcoin Rally Pauses But Not Likely Over, Bulls Aim $8K
12/30/2019 06:04
Bitcoin price rallied recently above $7,300 before it ran into $7,500 against the US Dollar. The price is showing positive signs it seems like the bulls aim another test of $7,500. There is a major bullish trend line forming with support near $7,325 on the hourly chart of the BTC/USD pair (data feed from Kraken).... The post appeared first on NewsBTC.
Bitcoin & Crypto Market Showing Bullish Signs: LTC, BNB, BCH, TRX Analysis
12/30/2019 05:30
The total crypto market cap is slowly rising and it is now above the $185.0B support. Bitcoin price rallied recently, but it failed to climb above the $7,500 resistance. Binance coin (BNB) price is up more than 5% and it broke the $14.20 resistance area. Litecoin (LTC) price is slowly recovering and it is now... The post appeared first on NewsBTC.
Ripple Nears Key Breakout Resistance, BTC & ETH Gain Traction
12/30/2019 04:28
Ripple price is slowly grinding higher and approaching the $0.2000 resistance against the US dollar. XRP seems to be forming a nice support near the $0.1940 and $0.1925 levels. There is a key rising channel forming with support near $0.1945 on the hourly chart of the XRP/USD pair (data source from Kraken). The price remains... The post appeared first on NewsBTC.
Ethereum (ETH) Rallies 5% But Bitcoin Still Trailing
12/30/2019 03:08
Ethereum is up more than 5% and it broke the $130 and $132 resistance levels against the US Dollar. The price is currently consolidating near the $135 level, with a positive bias. There is a key bullish trend line forming with support near $131 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin... The post appeared first on NewsBTC.
Bitcoin Was Just Rejected at $7,500, and It Means Price Could See Bigger Pullback
12/30/2019 00:30
Over the past few hours, Bitcoin (BTC) has shown strength rather uncharacteristic to its performance over the past few weeks, surging to $7,520 just an hour or two ago. But since then, the price of the leading cryptocurrency has retreated, returning to $7,350 after bulls failed to break through $7,500. Analysts are currently divided over... The post appeared first on NewsBTC.
Final Days of 2019 are Critical for Where Crypto Market Goes Next, Here's Why
12/29/2019 23:30
A myriad of factors points to the possibility that the Bitcoin bottom could be in, which comes as the crypto finds itself caught within a firm bout of sideways trading within the mid-$7,000 region, closely on the heels of BTC's recent bounce from lows of $6,400. One popular crypto analyst recently spoke about these factors,... The post appeared first on NewsBTC.
Millennials Trust Bitcoin More than Warren Buffett's Berkshire Hathaway
12/29/2019 22:30
An average investor reaching young adulthood in the 21st-century trusts bitcoin more than a three-decade-old bullish stock. So it says in a recent study conducted by Charles Schwab. The U.S.'s thirteenth largest banking firm studied millennial investors' self-directed portfolios for the year 2019. It found that a majority of them had more exposure to a... The post appeared first on NewsBTC.
Four Signals Suggesting Bitcoin Price On Verge of Bull Trend
12/29/2019 21:00
The past few months haven't been too kind to Bitcoin. Case in point, since peaking at $14,000 this June, the cryptocurrency has fallen by 50%, tumbling as low as $6,400 due to selling pressure from PlusToken and weak hands. Despite this strong retracement, there is a confluence of technical factors that suggest the medium-term future is bright... The post appeared first on NewsBTC.
Ouch: BitMEX Bitcoin Liquidations Neared $20 Billion In 2019
12/29/2019 20:15
Over the past two years, BitMEX, a prominent Bitcoin derivatives platform, has gained much traction within the cryptocurrency trading community; in 2017, most BTC traders kept to trading on spot exchanges, meaning without leverage, though the tides have changed in the past two years as investors seek more profits. Related Reading: BitMEX Research Predicts Bitcoin... The post appeared first on NewsBTC.
 
 


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