Bitcoin accumulators might be buying dips, while most of the community tries to predict the bottom

2019-4-19 18:30

Bitcoin, the speculative asset that has caught everybody’s attention, dipped (April 19) approximately 85% since its all-time high in December 2017. However, it is turning heads, as Bitcoin worth approximately $140 million was moved to wallets in under a few minutes.

In under 18 hours [at press time], approximately 110,030 BTCs from separate wallet addresses were moved to different wallets which was spotted by a Twitter user, Whale Alert. The total BTC was worth approximately $578 million.

In addition, another Twitter user, @_crypto_maniac_ tweeted:

$112,000,000 Million worth of #Bitcoin moved into wallets over last 5 minutes pic.twitter.com/cPvENApuy9

— CryptoManiac101 (NOT GIVING AWAY CRYPTO) (@_Crypto_Maniac_) April 19, 2019

Moreover, Bitcoin has been showing bullish signals in a higher time frame. A BARR Pattern was being formed and if it completes, it could signify a potential bull run for Bitcoin. In addition, the Bitcoin chart in a 4-hour time frame was forming an ascending triangle pattern, which also indicates a bullish pattern.

Furthermore, the CFTC report which was released recently indicated that the institutional money was long on Bitcoin right when Bitcoin surged on April 02, 2019.

On a weekly timeframe, Bitcoin is very close to forming a “Golden Cross”, which usually indicates the start of a bull run. However, there was a fakeout in July 2014 before it actually occurred in July 2015, which propelled Bitcoin to all-time highs.

Combining these results, Bitcoin definitely seems bullish on the higher time frame, this may be a reason why Bitcoin enthusiasts are accumulating Bitcoin even during the dips.

A Twitter user @cotoole2018 commented:

“No Wonder it Took a Million Minutes for me to Move about 100 Bucks worth of $BTC :P”

Another Twitter user, @_Crypto_Maniac_ commented:

“Well they are moving them into wallets, I would assume that they are getting ready for BTC uptrend but that’s just my thought”

The post Bitcoin accumulators might be buying dips, while most of the community tries to predict the bottom appeared first on AMBCrypto.

origin »

Bitcoin (BTC) на Currencies.ru

$ 94610.81 (+0.73%)
Объем 24H $58.337b
Изменеия 24h: 0.99 %, 7d: 0.51 %
Cегодня L: $91951.2 - H: $94610.81
Капитализация $1873.645b Rank 1
Цена в час новости $ 5274.01 (1693.91%)

bitcoin approximately tries community under bottom predict

Источник: ambcrypto.com

bitcoin approximately → Результатов: 126


Фото:

Dark web druglords charged with laundering $2.3M in Bitcoin

US authorities have arrested three men after taking down a dark web drug ring which laundered $2. 3 million in cryptocurrency. Chester Anderson and co-conspirators Jarrette Codd, and Ronald Maccarty were indicted for operating storefronts on the dark web that sold and shipped hundreds of thousands of counterfeit Xanax tablets and other controlled substances to buyers across 43 US states.

2019-4-17 14:07


Фото:

Behind the scenes: Electrum hackers steal $4M with Bitcoin phishing attacks

Electrum Bitcoin wallet users have lost 771 BTC (approximately $4 million) since late December 2018, in an ongoing series of targeted phishing attacks. According to research released by Malwarebytes Labs, fraudsters were able to trick unsuspecting users into downloading a malicious version of the wallet by exploiting a weakness in the software.

2019-4-16 18:02


Over the Past 24 Hours Alone, Bitcoin Processes Approximately $7 Billion in BTC Transactions

Bitcoin continues to represent the juggernaut cryptocurrency in the blockchain world. Over the last 24 hours, as if to illustrate this fact over the last 24 hours, approximately $7 billion worth of Bitcoin transactions have been moving on and off chain over this time, amounting to more than 1.3 million BTC moving from person to […]

2019-4-16 03:52


Bitcoin’s 48 hours are done: BTC’s most important correction move has begun, but to what end?

Bitcoin’s recent price surge and its sudden correction were the center of speculation and many conspiracy theories. Some of these theories speculated that institutional buyers set long trades before the pump and that the correction that followed the pump was sparked by WikiLeaks’ Julian Assange, who sold 4,000 BTCs worth approximately $20 million.

2019-4-13 00:30


Bitcoin Officially Outpaces the DOW Jones, Out Battles Every Single Stock Over the Course of 2019

It's been an allegedly ‘Historic' first quarter for the Dow Jones Industrial Average, or the DJIA to use its commonly applied acronym. This industrial average consists of tracking approximately 30 of the largest companies based in the United States, and has officially staged an incredible rally over the beginning of this year, rising by a […]

2019-4-12 23:50


Фото:

US regulator blacklists Colorado trader for orchestrating $1.5M Bitcoin scam

A man in the US has been barred from trading following his alleged involvement in a Bitcoin scam that resulted in losses of approximately $1. 5 million in investors’ funds. The Financial Industry Regulatory Authority (FIRA) – a non-governmental organization that regulates member brokerage firms and exchange markets – looked into claims that Daniel Todd Levine, of Englewood (Colorado), offered investors a chance to buy discounted Bitcoin in return for significant returns on their investment.

2019-3-25 18:55


Фото:

QuadrigaCX mystery deepens after cryptocurrency cold wallets found empty

Following weeks of speculation, QuadrigaCX’s court-appointed auditor has finally revealed the addresses for the struggling cryptocurrency exchange’s offline Bitcoin wallets. According to EY, which published its third report into the investigation on Friday, the cold storage wallets are empty – aside from a transfer of $400,000 worth in Bitcoin which was inadvertently sent last month – meaning $100 million in user funds continues to be unaccounted for.

2019-3-4 15:15


Фото:

Bitcoin Price Analysis: Bullish Setups Could Break Current Market Structure

The cryptomarket remains coiled as we lead into the weekend with no new highs and no new lows being established for bitcoin. However, it is nicely consolidating on lower time frames and hints toward the possibility of another leg up:Figure 1: BTC-USD, Hourly Candles, Consolidating PennantThe pattern shown in Figure 1 outlines a potential continuation pattern called a “bullish pennant.

2019-2-23 02:23


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

FET nears breakout: Could a 20-30% rally be next?

FET consolidates near $1.33 as traders eye a breakout above $1.38 resistance. On-chain activity surges, while technical indicators and liquidations suggest potential bullish momentum. ArtifiThe post FET nears breakout: Could a 20-30% rally be next? appeared first on AMBCrypto.

Hyperliquid reaps the benefit as Bitcoin, altcoins take a backseat

Hyperliquid, when stacked against its rivals, it stands out as the future of crypto fee generation. With its unique integration of spot & derivatives exchanges, Hyperliquid is truly settingThe post Hyperliquid reaps the benefit as Bitcoin, altcoins take a backseat appeared first on AMBCrypto.

Gate Token booms 23% in 7 days: Will GT hit new highs or correct to $13.9?

While GT’s price increased, its social metrics also improved.  Selling pressure on the token increased, which could cause a price correction soon.  Gate Token [GT] has showcased impeccabThe post Gate Token booms 23% in 7 days: Will GT hit new highs or correct to $13.9? appeared first on AMBCrypto.