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Bitcoin Price Analysis: Upward Drift Continues Following Established Macro Support

Since mid-February, the bitcoin market has continued to drift upward toward a band of strong, macro resistance (shown below as a red band). This slow, drift upward marks our fourth test of the resistance zone and, unlike the three prior tests, our rejection of the level has shown a weakness on the side of the bears:Figure 1: BTC-USD, Daily Candles, Fourth RejectionIf we compare the three prior rejections (labeled 1, 2 and 3), we see that the move into this resistance level was violent — and had equally violent rejections. дальше »

2019-3-29 02:21


Tron [TRX] transactions reach 3x that of Ethereum’s [ETH] all-time high, crosses 4.27 million transactions

On 26 March, 2019, the total number of transactions on the Tron blockchain hit an all-time high as it processed 4.27 million transactions in a period of 24 hours. Misha Lederman, a prominent member of the Tron community, tweeted, “#TRON processed 4,27 million transactions over the past 24 hours, setting a new record for the […] The post Tron [TRX] transactions reach 3x that of Ethereum’s [ETH] all-time high, crosses 4.27 million transactions appeared first on AMBCrypto. дальше »

2019-3-27 15:30


Bitcoin, Gold Strongly Correlated in 3-Week High to Spell Stock Market Disaster

Bitcoin and gold both hit three-week highs on Thursday after a period of highly correlated trading. It comes as the dollar crashes and warning signs flash on the stock market. The correlation strengthens bitcoin’s case as “digital gold” and proves that traders are beginning to treat cryptocurrency like a traditional asset. дальше »

2019-3-21 16:13


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Bitcoin Price Analysis: Slow Grind Could Lead to Short Squeeze

Last Friday, we discussed a macro resistance level bitcoin would likely test. The level was tested three times prior and immediately rejected. Now, for the fourth time, we find ourselves situated above the level as we wait to see if our support holds:Figure 1: BTC-USD, Daily Candles, Fourth Test of Macro ResistanceThe first three attempts to hold support above the black, broken resistance have been stifled with relatively high amounts of volume. дальше »

2019-3-19 01:17


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Bitcoin Could Hit $20,000 Soon According to One Chart, Two Analysts Believe

Bitcoin is trading at $3,758 at press time, down 2.4 percent in the past 24 hours. The currency is now down ten percent since hitting its yearly high at $4,200. And despite losing the momentum that had brought back hope in the midst of a brutal bear market, the currency could be heading back to […] The post Bitcoin Could Hit $20,000 Soon According to One Chart, Two Analysts Believe appeared first on NullTX. дальше »

2019-3-5 01:28


Here’s Why Colombia Is The Latest South American Country To Hit The Peak In Bitcoin Volume

Here’s Why Colombia Is The Latest South American Country To Hit The Peak In Bitcoin Volume Recently, we reported that after Venezuela, the trading volume in Indonesia has reached an all-time high (ATH) on the peer-to-peer platform, LocalBitcoins in response to the legal recognition of Bitcoin and digital assets as commodities. Bitcoin trading volume in […] дальше »

2019-2-20 19:52


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Bitcoin Price Touches $4K On Biggest Daily Volume Since May

The Bitcoin price succeeded in holding above $3900 February 20 after a sudden bull run brought the largest trading volumes since May 2018. Bitcoin Volume Sets 9-Month Record Data from Coinmarketcap confirmed the return to form for both price and volume over the past 72 hours, Bitcoin rising around 10 percent February 18 and touching the $4000 mark on Bitstamp yesterday. дальше »

2019-2-20 18:00


LocalBitcoins Data Shows 23 Countries Hit All-Time High in Bitcoin Trading Volume at the Bottom of Bear Market

According to the latest analysis of the LocalBitcoins (LBC), a peer-to-peer Bitcoin trading platform, Bitcoin utility around the world is hitting new heights. The author Matt Ahlborg details that exclusive fiat-to-crypto platform, LBC is a costly one as trades on this platform occurs “at an average of 4.5% over the USD equivalent spot price globally.” […] дальше »

2019-2-13 01:35


New Diar Study: “Ethereum Touched Record Highs for It’s On-Chain Transaction Volume During December 2018”

According to a report released by analytics firm Diar yesterday, the total number of Ethereum on-chain transactions hit an all-time high last month (December 2018). To be a bit more specific, we can see that the number of tx’s scaled up to a mammoth 115 million by the end of December 2018. On the above-stated […] дальше »

2019-1-22 19:08