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Bitcoin Price Analysis: Keep an Eye Out for a Close Above the Current High

Shortly after falling from its test of the low $4,000s, bitcoin managed to find support in the mid $3,500s. This has proven to be a relevant level over the last few months, and finding support here would be a sign of relatively strong demand:Figure 1: BTC-USD, Daily Candles, Local SupportThe high candle spread rejection following our test of the low $4,000s was an indication that we had strong levels of supply left in the market, but for the time being we are holding support. дальше »

2019-3-1 03:44


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Bitcoin Price Analysis: Bullish Rejection Wipes Out Bitcoin’s Weekend Gains

Over the weekend, a strong rally was stifled by an even stronger rejection as the bitcoin market was shoved into a band of overhanging resistance. This band of resistance has been mentioned several times in our analyses over the last few weeks as it has proven impossible to overcome for the time being:Figure 1: BTC-USD, Daily Candles, Failed BreakoutThis run to the low $4,000s coincided with a breakout of a rather large symmetrical triangle consolidation shown above. дальше »

2019-2-26 02:42


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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. дальше »

2019-2-23 02:23


Billionaire Calvin Ayre of Bitcoin SV: Ethereum (ETH) is Based on a Scam, Calls Vitalik a Fraudster

One of the biggest defenders of Bitcoin SV had some very rough things to say about Bitcoin SV recently. Calvin Ayre has affirmed that the entire Ethereum platform is a scam, as Initial Coin Offerings (ICOs), in his opinion are no more than scams, as listed by the United States’ Federal Bureau of Investigation (FBI). […] дальше »

2019-2-21 01:36


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Bitcoin Price Analysis: Consolidation Breaks Out Into Macro Resistance Test

Over the course of the last 10 days, bitcoin has managed to rally nearly 20% in value as it burst through two major resistance levels and is now beginning the test of a major macro level:Figure 1: BTC-USD, Daily Candles, Macro ResistanceWe can see a clear, descending supply-and-demand channel that governed the market for the last two months. дальше »

2019-2-20 01:38


Billionaire Bitcoin Bull Tim Draper: The Crypto Takeover is Inevitable, Only Criminals Using Cash in Five Years

Everyone in the cryptocurrency and traditional finance industries has an opinion about how the related technology will unfold in the years to come. Tim Draper, known in the market as a Bitcoin bull, believes that the next five years will hold such considerable progress for the crypto industry that the only ones left using cash […] дальше »

2019-2-19 02:08


Latest Mainstream Media Piece, aka an Anti-Bitcoin Opinion Editorial, Stoops to New Levels of Disgust

In a new article released by Foreign Policy, the author David Gerald says that storing Bitcoin is as safe as keeping funds in a sock “under someone else’s bed.” However, fiat currencies have their own problems and this phrase does not really describe how virtual currencies work at all. If there is hyperinflation, nobody would […] дальше »

2019-2-18 04:56


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Bitcoin Price Analysis: After Sudden Upswing, Bitcoin Price Drifts Downward

Last week, we saw a violent move to the upside as bitcoin rallied 11% over the course of one day. Since peaking in the upper $3,600s, bitcoin has seen close to zero bullish follow-through, and the price has begun to drift downward over the course of the last week:Figure 1: BTC-USD, Hourly Candles, Downward DriftDownward-drifting markets like this can often be a sign that distribution is taking place. дальше »

2019-2-15 00:21


Bitcoin Qualifies as Money in Case of First Impression in Florida’s Third District Court of Appeal

On Wednesday, Florida’s Third District Court of Appeal ruled that Bitcoin qualifies as money in a case that turned on whether the digital currency is driving financial crime. According to a post by the Daily Business Review; “The appellate court’s opinion reverses Miami-Dade Circuit Court Judge Teresa Pooler’s 2016 finding that digital or cryptocurrency could not […] The post Bitcoin Qualifies as Money in Case of First Impression in Florida’s Third District Court of Appeal appeared first on ZyCrypto. дальше »

2019-2-1 16:40


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Bitcoin Price Analysis: Major Support Broken on Expanding Volume and Spread

After weeks of consolidation, bitcoin finally broke through support. The market now finds itself cruising toward prior lows. On expanding volume and spread, the bitcoin market appears ripe for a continuation of the downtrend:Figure 1: BTC-USD, Daily Candles, Broken SupportAlthough the current daily candle has yet to close, unless there is a strong influx of demand hitting the market, it stands to reason that bitcoin will be closing a new daily low for the first time since mid-December. дальше »

2019-1-29 02:01


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Bitcoin Price Analysis: Strong Move Likely Following Tightly Coiled Market

Days and days of sideways consolidation and tightening volume has been the name of the game for the bitcoin market. A narrow range of $200 has caused a weeks worth of activity to coil and consolidate in preparation for bitcoin’s next move:Figure 1: BTC-USD, Daily Candles, Narrow RangeThe figure above shows just how narrow the range has been over the last week as the market has continued to grind out support and fail to break above overhanging resistance. дальше »

2019-1-26 03:13


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Opinion: Stop Trying To Build a Better Bitcoin

A team of professors from top US universities have come together to create a new globally scalable decentralized payments system. But with Bitcoin already proving to work as intended for ten years running, would a ‘better Bitcoin’ even stand a chance? MIT and Standford Professors Developing Unit-E The professors formed a non-profit foundation based in Switzerland, called Distributed Technologies Research, backed by Credit Suisse and Pantera Capital. дальше »

2019-1-19 13:00


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Bitcoin Price Analysis: Bitcoin Tests Boundary Support as Demand Weakens

Following last Friday’s drop, bitcoin has found itself coiled, once again, at the bottom of the range it established back in December. With the current market unable to close a new high, the market finds itself in a precarious position:Figure 1: BTC-USD, Daily Candles, Range Support TestThe blue support level shown above illustrates the boundary of the multi-week range bitcoin has been bound by. дальше »

2019-1-18 02:02


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Bitcoin Price Analysis: Range-Bound Market Coiled for Next Move

For the better part of a month and a half, bitcoin has been fairly range-bound and unable to establish new lows or new highs. There are some bullish and bearish setups on the horizon for bitcoin, so let’s check out both sides of the argument because currently the market is sitting in the middle of Indecisionville — the most immediate sign of which is this glaringly obvious head-and-shoulders bottom reversal pattern:Figure 1: BTC-USD, Daily Candles, Head-and-Shoulders BottomThis current pattern is nothing more than a setup at the moment, but it represents one potential outcome of this sustained consolidation. дальше »

2019-1-4 02:22


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Opinion: ICOs Are Dead, Killed By Regulations

ICOs may have been the hottest thing in 2017 but, unlike the hundreds of amusing Bitcoin obituaries throughout the years, the process of issuing digital tokens to raise funds appears to be dead.   Stick a Fork in ICOs, They’re Done The UAE’s Securities and Commodities Authority is expected to unveil regulations for initial coin offering (ICOs) by mid-2019, reports The National. дальше »

2018-12-25 06:00


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Now is ‘Best Opportunity Of The Year’ to Buy Bitcoin, Says Weiss Ratings

International rating agency Weiss Ratings has recommended now as the best time to buy Bitcoin, saying it represents cryptocurrency’s “least speculative investment. ” Weiss Says Bitcoin Buy Level Near As part of a series of tweets December 11, Weiss, which has produced mixed messages about its opinion of Bitcoin in the past, now said it is “here to stay. дальше »

2018-12-13 19:00