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Three Reasons Why Bitcoin is Bearish, Explains Analyst
02/08/2020 07:58
Bitcoin may have surged bombastically heading into 2020 but one analyst thinks the cryptocurrency is going to fall back. Options trader Dyme said bitcoin is entering a "perfect bearish setup," listing three converging negative indicators that hint a deep price retracement in the coming trading sessions. They are Rising Wedge, Bearish Divergence, and Overleveraged Longs.... The post appeared first on NewsBTC.
Traders Expect Bitcoin Price to Explode Big in Next Week: Will It Happen?
02/08/2020 06:00
Bitcoin has been on an absolute tear over the past few days. Since bottoming at $9,100 early this week, the cryptocurrency has ripped higher, surging from $9,100 to a recent high of $9,850 as buyers have stepped in en-masse. While this over 7% surge is already impressive in and of itself, data suggests that crypto... The post appeared first on NewsBTC.
Here's Why a Politician Says U.S. Must Smarten Up on Crypto Regulation
02/08/2020 04:00
Despite the large number of crypto-centric companies founded and based in the U.S. — like Coinbase, Kraken, and so on and so forth — American regulation hasn't been all too kind to the budding industry around Bitcoin over the past few years. Blockchain firms are fined millions by the Securities and Exchange Commission (SEC) and... The post appeared first on NewsBTC.
Indicator That Signaled Bitcoin's Bottom at $6,400: Price on Verge of Steep Pullback
02/08/2020 02:00
If you've been involved in Bitcoin or crypto investment at all over the past two years, you likely know of the TD Sequential. The technical indicator, created by Point 72 consultant Tom Demark, has long been a staple of trading suites of crypto investors, giving these individuals a way through which they can figure where... The post appeared first on NewsBTC.
Bitcoin's Volume Delta Tells a Bullish Tale; is a Major Push to $12,000 Imminent?
02/08/2020 01:00
Bitcoin's recent bullishness has come to a grinding halt when BTC faced multiple firm rejections earlier today after attempting to break above the strong resistance that exists between $9,800 and $10,000. This intense resistance, however, has not yet catalyzed any notable sell-off, which seems to elucidate some underlying strength amongst the crypto's buyers, and may... The post appeared first on NewsBTC.
XRP's Rally Signals This Smaller Crypto Could See a Massive Movement
02/07/2020 23:00
Despite seeing a year of consistent losses and heavy selling pressure in 2019, the new year has been great for XRP so far, with the crypto posting massive gains alongside its competitor Stellar Lumens (XLM). XRP's recent bullishness, however, may actually be a sign that XLM is about to see significantly further upside, with one... The post appeared first on NewsBTC.
Research Firm: BTC Fundamentals Strengthening Ahead of Bitcoin Halving
02/07/2020 22:00
In case you missed it, the supply of new Bitcoin hitting the market will drop this year. The event, known as the Bitcoin halving, will see the number of Bitcoin rewarded to miners per block fall to just 6.25 from 12.5. With the industry eyeing the upcoming Bitcoin halving, the crypto research firm Weiss has... The post appeared first on NewsBTC.
Ethereum is About to Rocket Past $300 as Bullish Confluence Grows
02/07/2020 21:00
Ethereum has been caught within an explosive and highly bullish uptrend throughout 2020, which has led ETH to significantly outperform both Bitcoin and the aggregated cryptocurrency market over the past several days. This bullishness has reached a boiling point after the cryptocurrency broke above $200, with its movement above this key psychological resistance level opening... The post appeared first on NewsBTC.
When $100k Bitcoin? Analyst Clarifies Popular BTC Price Prediction Model
02/07/2020 20:00
With the Bitcoin halving rapidly approaching, the multi-billion-dollar question is just how the historic event will impact BTC price. One popular price prediction model has a post-halving price in the range of $55,000 to $400,000. According to the theorist behind the prediction, people have been misinterpreting the model behind the lofty figures presented. The analyst... The post appeared first on NewsBTC.
Industry's Most Powerful Man: Only 1 in 1000 Own Crypto
02/07/2020 19:00
Although Bitcoin is now over ten years old, the rest of the crypto market is still a relatively young asset class and unproven technology that's valuations are based on pure speculation. According to the crypto industry's most powerful man and influential figure, only 1 in 1000 people own cryptocurrencies, and that the current state of... The post appeared first on NewsBTC.
 
 


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