Financial Industry News
After a steep decline in price action, Bitcoin finally finds some short-term relief from the bearish pressure that has seen price levels drop from $9,600 to $7,600 within a few days. Bitcoin 4-Hour Price Analysis On the 4 hour XBT/USD chart, we can see that price levels have rapidly declined resulting in Bitcoin dropping $2,000 […]
Continue ReadingBitcoin (BTC) price clearly broke through key support levels at $9,500 recently, as shown in my previous analysis and has since dropped to $7,700 losing almost 19% of its value within the last few days. Bitcoin Daily Price Analysis On the 1 day chart for XBT/USD, we can see that price levels broke down below […]
Continue ReadingAfter much anticipation of an explosive move, Bitcoin has finally chosen a direction for the short-term dumping through the asymmetrical triangle support. Current market price rests on $8,100 support but looks poised to drop further. Bitcoin 1-Hour Price Analysis On the 1 hour chart for XBT/USD, we can see the recent break-down that has taken […]
Continue ReadingBitcoins price movements have been quite slow over the past few weeks as price action consolidates around the $10,000 mark. Volume remains low and price action looks poised for a drop below $9,000 over the coming days. Bitcoin Price 1-Hour Analysis On the 1 hour chart for XBT/USD, we can see price action has been […]
Continue ReadingBitcoin trading isn’t for everyone, but if you decide to take the plunge, it’s best to learn from the whales. | Source: Shutterstock As a bitcoin skeptic, I don’t think it is a good idea for anyone to be trading or holding bitcoin or any other cryptocurrencies. However, I recognize that many investors are watching […]
Continue ReadingEthereum continues to languish against bitcoin. Here’s what it needs to break the downward spiral. | Source: Shutterstock To say that Ethereum is weakening against the king of cryptocurrencies would be a huge understatement. The ETH/BTC pair is down by nearly 50% year-to-date as it languishes in bear territory for 17 months and counting. The […]
Continue ReadingBitcoin’s suddenly boring again. Has $10,000 become the yawn-inducing new normal for BTC, or will the market wake back up soon? | Source: Shutterstock After bitcoin’s parabolic renaissance sparked hopes of new highs back in April, the expectation of BTC reclaiming $20,000 has become a fleeting reality. In recent weeks, bitcoin has sluggishly ranged between […]
Continue ReadingeToro Senior Market Analyst Mati Greenspan revealed his favorite three cryptocurrencies to hold for the long term. | Source: Shutterstock; Edited by CCN eToro senior markets analyst Mati Greenspan isn’t one to mince words. When responding to a query on entry-level crypto investing, the portfolio manager didn’t hesitate to point out the top three cryptocurrency […]
Continue ReadingAn analyst found that major downturns tend to be healthy for the overall bitcoin price trend. Another analyst explains that 2019 may be a good year for BTC. | Source: Shutterstock Many armchair traders are so focused on the short-term price movement of bitcoin that they forget to look at the big picture. For instance, […]
Continue ReadingSomeone just moved $1 billion in bitcoin to an unknown wallet. | Source: Shutterstock On September 6, more than $1 billion worth of bitcoin was sent from an unknown wallet. The transaction was processed within several hours with a $700 fee. A $1 billion bitcoin transaction processed with a $700 fee (source: blockchain.com) The Token […]
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