Bitcoin’s recent sideways action has given us some time to reflect upon the movements of the past few days and project where we might go from here. What we’re seeing on a macro scale is a continuation of the positive trend that we have been seeing for Bitcoin all year. Bitcoin was able to close a few different daily candles above our drawn resistance, as you can see below: On this daily chart, we can see that Bitcoin appears to…
Bitcoin Falls as Facebook Warns Libra Might Never Launch Investing.com – Bitcoin fell on Tuesday in Asia after Facebook (NASDAQ:FB) said in a report that Libra might not “be made available in a timely manner, or at all.” Bitcoin dropped 2.6% to $9,517.9 by 12:15 AM ET (04:15 GMT). Litecoin fell 1.6% to $89.133, while Ethereum was down 3.3% to $205.25. XRP slipped 1.2% to 0.30800. In its latest quarterly report, Facebook warned a number of factors could hinder the…
Florida Court Summons Wife and Associates of Craig Wright in Billion Dollar Lawsuit As part of a pending lawsuit, a Florida judge has requested international judicial assistance from the Queen’s Bench Division in London to summon and question Craig Wright’s wife and associates in court. The Kleiman estate had filed a $10 billion federal lawsuit against self-proclaimed Bitcoin founder Wright in February 2018. The court filed the petition on behalf of Ira Kleiman, wife of the now-deceased computer scientist, Dave…
Crypto billionaire Mike Novogratz: Bitcoin will reach $20,000 this year In a recent interview, crypto personality Mike Novogratz gives his view of the crypto world for the rest of the year. Earlier this summer, crypto personality Mike Novogratz gave a somewhat modest forecast for bitcoin. He said that the price would stabilize between $10,000 and $14,000. Sometime later, Novogratz, who founded Galaxy Digital (a company that helps institutional clients invest in cryptocurrencies), stated that this time he will…
Survey says that Americans prefer Bitcoin over Facebook's Libra Only 2% of the people trust Facebook's Libra over public cryptocurrencies like Bitcoin. 77% of people say they do not trust Facebook with their personal data due to previous scandals. According to a recent survey, people from the US trust Bitcoin more than Facebook's upcoming stablecoin, Libra. 1,799 adults took part in this survey, which started after Facebook's white paper launch in June. Consumer insights provider CivicScience revealed that only 2%…
Cryptocurrencies price prediction – Bitcoin, Ethereum & EOS – 25 July Bitcoin price prediction: BTC/USD faces two healthy resistance levels in path back to $10,000 BTC/USD has had a bearish Wednesday wherein the price fell from $9,856 to $9,771.50. In the process, BTC/USD has strung together four straight bearish days where the price fell from $10,768 to $9,771.50, falling by 9.25%. The daily confluence detector shows two prominent resistance levels in its path back to the $10,000-level. On the downside,…
The Crypto Daily – The Movers and Shakers 24/07/19 The bears eye a 4th day in the red, with sub-$8,000 levels for Bitcoin investors likely to cause some angst for the broader market. Bitcoin slid by 4.57% on Tuesday. Following on from a 2.29% fall from Monday, Bitcoin ended the day at $9,859. A particularly bearish morning saw Bitcoin slide from an early intraday high $10,330.9 to an early afternoon intraday low $9,820. Steering clear of the major resistance…
Analysts Alex Kruger and Josh Rager give their Bitcoin Predictions Cryptocurrency analyst and economist Alex Krüger says investors should welcome the current withdrawal of Bitcoin and points out that Bitcoin will increase faster and sharper. Bull market corrections are unavoidable and should be welcome. Assets that go too far up too fast tend to crash the hardest. As everyone who speculated with the price of bitcoin during 2017 and 2018 well knows. In the short term, analyst Josh Rager…
Bitcoin is a rollercoaster ride hen we started work on this article, we were going to talk about the explosive growth in Bitcoin value. But as we prepared to publish, the cryptocurrency experienced a massive devaluation that could have serious implications for investors. The highs of cryptocurrency investment In December 2018, Bitcoin (BTC) reached its lowest point of the year, with each virtual coin worth about $3,200. Over the next sixth months, demand helped to raise values significantly. By the…
Bitcoin (BTC) Price Weekly Forecast – Approaching Next Crucial Break There was a solid upside correction initiated from the $9,100 swing low against the US Dollar. The price gained traction after it broke the key $10,000 resistance area and traded towards $11,250. There was a break above a major bearish trend line with resistance at $10,400 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair tested a crucial resistance near $11,250 and it is currently…