Bitcoin Remains Bullish Despite Eventful Week, Here’s What To Expect Next

2019-5-10 10:05

Are we really starting to believe that maybe the tides may just be turning with Bitcoin?

There seems to be a shift in sentiment over the last few weeks and pivotal news would suggest that a legitimate case for a bull market may be near.

This week;

 

Hackers managed to steal around $40 million in Bitcoin from arguably the biggest cryptocurrency exchange know as Binance. Chinese governments hinted that they would ban bitcoin mining operations (Again!) Bitcoin reached $5,980 earlier this week before pulling back to $5,670 leading skeptics to believe we could see a further decline.

 

Now the interesting point to note from the above is that the same news would have absolutely plummeted Bitcoin’s price by at least $1000 to also see red across the market.

I think this may lead many to believe that perhaps the market is maturing!

Another factor in highlighting a bullish stance on Bitcoin is the announcement Fidelity Investments made to begin a custody service to store Bitcoin.

Fidelity will buy and sell the world’s most popular digital asset for institutional customers within a few weeks.

Spokeswoman Arlene Roberts advised the following;

“We currently have a select set of clients we’re supporting on our platform, we will continue to roll out our services over the coming weeks and months based on our clients’ needs, jurisdictions, and other factors. Currently, our service offering is focused on Bitcoin.”

In other words…

I think you may want to keep your eyes peeled over developments within the next few weeks.

So how is Bitcoin doing from a technical analysis perspective?

Bitcoin Price Analysis – Can BTC break resistance at $6,400?

Bitcoin finally broke out of the ascending channel on the 8th of May before climbing above the psychological resistance level of $6,000.

Currently, Bitcoin is trading at $6,289 against the US Dollar and the next level of resistance seems to be around $6,400 before the next huge resistance point at $6,600.

For those that remember, Bitcoin was consolidating around the $6,400 price level before the significant drop in price to the $4,000 region.

I imagine there may be bears hovering around waiting for the opportunity to short the market.

This region held very well as support through 2018, so, to suggest, this may be a straightforward higher climb that may seem premature!

The post Bitcoin Remains Bullish Despite Eventful Week, Here’s What To Expect Next appeared first on ZyCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 95658.25 (-0.20%)
Объем 24H $40.976b
Изменеия 24h: -1.36 %, 7d: -7.43 %
Cегодня L: $95217.68 - H: $97458.26
Капитализация $1894.009b Rank 1
Цена в час новости $ 6299.26 (1418.56%)

bitcoin week eventful bullish remains next may

Источник: zycrypto.com

bitcoin week → Результатов: 126


Bitcoin transactions plummet by over 50% in a week

There has been a notable drop in the total number of Bitcoin transactions in the past week. Between Sept. 8 and Sept. 11, it decreased from 909,000 to 412,000, showing a market cooldown. This sharp decline aligns with a noticeable drop in network activity, likely influenced by an overall reduction in trading volume after several […] The post Bitcoin transactions plummet by over 50% in a week appeared first on CryptoSlate.

2024-9-17 18:30


Bitcoin dips to $60k as Solciety’s presale rakes in $400k in a week

Key takeaways Bitcoin briefly dropped below $59k on Monday as Mt. Gox plans to repay some of its clients. Solciety has raised $400k in a week as its 30-day presale begins excellently. BTC slips below $59k as buyers suffer losses The cryptocurrency market is having a poor start to the week, with Bitcoin and other […] The post Bitcoin dips to $60k as Solciety’s presale rakes in $400k in a week appeared first on CoinJournal.

2024-6-25 06:06


Фото:

Bitcoin Bottom In? Retracement From $73,800 Is Deeper And Took Longer To Form

Some analysts were frightened by the recent drop in Bitcoin prices. Though the coin is showing signs of strength, multiple leveraged longs were liquidated early this week. In a post on X, one analyst thinks Bitcoin might have just found support, bottoming up after the contraction this week, pushing it lower from the multi-week range established in mid-March through to the better part of April.

2024-5-4 23:00


Bitcoin Blasts Past $70,000 In Wild Week To Register New All-Time High

The price of bitcoin has shattered records by briefly surging past the $70,000 mark earlier today, signaling a renewed wave of enthusiasm among investors. The top cryptocurrency experienced a steady climb throughout the week with a sustained 12% rally, aided by the introduction of spot bitcoin exchange-traded funds (ETFs) in the United States.

2024-3-11 11:32


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Haven Protocol Token (XHV) crashes after mint exploit

Haven Protocol suffered a mint exploit, with over 500 million XHV tokens minted illicitly, The hack has sent the price of the XHV token down by over 60%. Hacker(s) exploited a vulnerability in the range proof validation code, introduced during the Haven 3.

GRVT becomes world’s first regulated DEX after licensing in Bermuda

GRVT has secured Bermuda’s Class M license, becoming the first regulated DEX globally. GRVT combines 600,000 TPS with compliance, aiming to be the “Goldman Sachs on blockchain. ” GRVT plans global expansion, aligning with MiCA and ADGM for broader regulatory approval.