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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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Bitmain’s Crypto Mining Dominance is Dropping as New Data Shows BTC Mining is Becoming More Decentralized

According to recently released statistical data from Bitaps, it now appears as though BTC mining is gradually becoming more and more decentralized with each passing day— so much so that six transaction confirmations can now provide complete protection against the issue of ‘double spending’. дальше »

2019-1-19 20:13


“More than 165 confirmations on our bitcoin transaction, but nothing on our binance wallet.” – Binance User Cries Out

A Binance user simply known as AdamwW01 has taken to the Bitcoin subreddit to say their Binance wallets have not received Bitcoin they sent to their wallets over 24 hours ago. According to AdamwW01, Blockchain Explorer shows the funds have been deposited in the wallets but they are yet to receive any BTC, saying there […] The post “More than 165 confirmations on our bitcoin transaction, but nothing on our binance wallet. дальше »

2019-1-19 19:49


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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


New Report Shows Bitcoin (10 Years) and Gold (1,000s of Years) Share Strong Market Correlation

In general, Bitcoin (BTC) has always been considered as a non-correlated asset in the market. Its price was usually guided by other forces that traditional markets did not follow. However, in a recent report shared by The Wall Street Journal (WSJ) Bitcoin is becoming more correlated to assets such as Gold. In order to understand […] дальше »

2018-12-29 21:48


Newest Diar Report Shows Significant Shift into OTC Bitcoin Markets by Traditional Investors

OTC physical Bitcoin(BTC) markets having higher liquidity have recently gained preference from institutional investors, as per an analysis published by the Research firm Diar published Dec. 17. According to the Diar report,there is a growing appetite for investment in OTC funds like the ones offered by Coinbase a leading American crypto exchange. Though OTC trade […] дальше »

2018-12-19 22:03


eToro Survey Shows Investors Interest in Crypto Asset Education is Growing Stronger

Although there we are in a bear market since the beginning of the current year, the interest in learning about cryptocurrencies remains. According to a new survey from eToro U.S., one of the largest trading platforms in the market, education is a key barrier that prevents investors from purchasing Bitcoin (BTC) and other digital assets. […] дальше »

2018-12-18 22:30


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Bitcoin Price Analysis: Bear Pennant Breakout Puts $1,700 Price in Sight

Another week, another low. Bitcoin’s market has been bleeding relentlessly for weeks and now, after falling 50% in value in just one month, the market has managed to break south of a major bearish consolidation pattern called a bear pennant:Figure 1: BTC-USD, 4-Hour Candles, Bear Pennant BreakoutThis is a massive bear pennant with a staggering $2,000 measured move. дальше »

2018-12-12 01:52


Bitcoin (BTC) and Ethereum (ETH) Are Currently Oversold According to Placeholder VC Investor

2018 has been a very hard year for Bitcoin (BTC) and virtual currencies. Bitcoin lost around 80% of its value since its all-time high and other altcoins dropped even more than 90%. However, there is a venture capitalist that shows that Bitcoin and Ethereum are currently oversold from a fundamental standpoint. Bitcoin and Ethereum (ETH) […] дальше »

2018-12-11 20:25


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New Data Shows Grayscale Fund Quietly Buying Bitcoin – Now Controls 1% of Supply

Grayscale investors and a few Ethereum whales have reportedly been accumulating more Bitcoin and Ethereum as the price is at yearly lows. Grayscale Has 1%  of Bitcoin Circulating Supply While 2018 continues to be a challenging year for cryptocurrencies, some big-money players are taking advantage of lower prices to increase their virtual currency holdings. дальше »

2018-12-5 19:00


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Bitcoin Price Analysis: Wait and See Where Recent Signs of Strength Lead

This week realized a big gain as bitcoin enjoyed a 25% rally from its local bottom before topping out around $4,400. Support currently appears to be established in the mid-$3,000s as the market remains indecisive over its next move:Figure 1: BTC-USD, Daily Candles, Current Support LevelFigure 1 shows the relevance of the current support level as it represents a previous support level that was never properly retested during last year’s parabolic bull market. дальше »

2018-11-30 01:45


Ether Price Analysis: Untested Support Leaves Shaky Foundation During Drop

Much like the rest of the crypto market, ether has found itself devalued by more than 90% since its all-time high of $1,400 back in December of 2017. And now, almost a year later, ether sits just above $100 on what appears to be shaky ground during its latest round of selling over the last few weeks:Figure 1: ETH-USD, Daily Candles, Rapid DescentSimilar to bitcoin’s movement discussed in yesterday’s article, ETH-USD experienced a parabolic growth profile during its bull run. дальше »

2018-11-28 01:55


New Chainalysis Crypto Study Shows Bitcoin’s Use For Facilitating Payments Severely Reduced In 2018

As per a study released by Chainalysis earlier this week, the use of Bitcoin (BTC) in relation to facilitating commercial payments has “reduced significantly this year”. In order to prepare for the aforementioned study, the research team over at Chainalysis surveyed 17 Bitcoin payment processors and the amount of BTC related transactions they had been […] дальше »

2018-11-21 21:13


Bitcoin Investors Aim for Ripple (XRP) as BTC Continues Massive Decline

Bitcoin is fast losing its ground as the stable coin it once was a few days ago, the current market report shows that the digital asset has taken a downward movement in price. There are fear and frustration among the investors who have taken to the advice of some experts that predicted the downward slide […] The post Bitcoin Investors Aim for Ripple (XRP) as BTC Continues Massive Decline appeared first on ZyCrypto. дальше »

2018-11-19 17:40