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Bitcoin tide favoring bears and the coming April 17 brings really bad news

April J, 2018
Market Hive
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Bitcoin tide favoring bears and the coming April 17 brings really bad news If you noticed lately, Bitcoin (BTC), the leading cryptocurrency, has been stuck below $7000. As of Friday, it was in the $6,600 range, dangerously close to the $6,400 when the market ‘bears’ bet the crypto is on a downward path. What’s worse is that the US tax season is upon us, and every Bitcoin holder living in America is taxed on their capital gains, and they will…

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Crypto Week in Review – Bitcoin, Ethereum, Verge, Litecoin, Bitcoin Cash and Ripple Struggle

April J, 2018
Market Hive
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Crypto Week in Review – Bitcoin, Ethereum, Verge, Litecoin, Bitcoin Cash and Ripple Struggle It has certainly been an up-and-down week for cryptocurrencies. Things started out relatively peaceful when allegations arose that the currency had somehow dominated its incoming “death cross,” and that the slump users had been witnessing over the past several days may be coming to end. This seemed to hold true when Bitcoin rose from $6,900 to $7,100 – a $200 jump from where it had long…

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Your bank will not allow you to buy bitcoins anymore

April J, 2018
Market Hive
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Your bank will not allow you to buy bitcoins anymore You will not be able to buy cryptocurrency via banks or e-wallets etc. in India anymore as the Reserve Bank of India (RBI) has banned them with immediate effect from "dealing with or providing services to any individuals or business entities dealing with or settling virtual currencies". RBI, while announcing its first bi-monthly monetary policy for the FY 2018-19, has announced that any entity regulated by them such as banks,…

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Bitcoin Price Technical Analysis for 5th April 2018 – Next Potential Support Zones

April J, 2018
Market Hive
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Bitcoin Price Technical Analysis for 5th April 2018 – Next Potential Support Zones Bitcoin Price Key Highlights Bitcoin price is trending lower still after recently pulling back to a descending trend line on its 1-hour time frame. Price is eyeing the next downside targets marked by the Fibonacci extension tool. Technical indicators are giving mixed signals, but it looks like bears could still win out. Bitcoin price has resumed its slide after a quick pullback, possibly attempting to make new…

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Acid Test – Bitcoin Must Break $7,800 for Bull Reversal

April J, 2018
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Acid Test – Bitcoin Must Break $7,800 for Bull Reversal Bitcoin (BTC) continues to mount a recovery despite the recent bearish "death cross" chart event. As of writing, bitcoin is changing hands at $7,400 on Bitfinex and the average price on leading exchanges, as represented by CoinDesk's Bitcoin Price Index, is seen at $7,380. The cryptocurrency's 15-percent rally from the 54-day low of $6,425 set on April 1 is encouraging and pretty much in line with the historical relative strength…

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Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS – Price Analysis, April 02

April J, 2018
Market Hive
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Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS – Price Analysis, April 02 The Chinese ban on cryptocurrency trading, the possibility of a similar ruling in South Korea and the fear of regulations around the globe were some of the reasons that started the current decline. However, with the election of Yi Gang as the head of People’s Bank of China (PBoC), the country’s central bank, some market experts believe that the Chinese ban on cryptocurrency trading might…

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Despite Bitcoin’s ‘Sell-Off’ The Cryptocurrency Space Continues To Attract Investors

April J, 2018
Market Hive
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Despite Bitcoin's 'Sell-Off' The Cryptocurrency Space Continues To Attract Investors Volatility, volatility, volatility. Traders certainly love it. But the volatility witnessed of late among many leading cryptocurrencies – including the ‘Big Daddy’ of them all in the shape of Bitcoin as well as Ethereum – has been a "double-edged sword" according to some pundits. Price swings can occur dramatically and result in big profits, should you catch it right. Equally, significant losses can be sustained should your timing be all…

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5 ALTCOINS WITH MAJOR EVENTS THE WEEK OF APRIL 1, 2018 (GAINS LIKELY TO BEAT BITCOIN RETURNS!)

April J, 2018
Market Hive
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5 ALTCOINS WITH MAJOR EVENTS THE WEEK OF APRIL 1, 2018 (GAINS LIKELY TO BEAT BITCOIN RETURNS!) This past week has seen Bitcoin and many altcoins fluctuate dramatically. These significant fluctuations can be profited off of by trading or increasing one’s position in the underlying crypto. The upcoming week has major events for five cryptocurrencies: PRL, UKG, EOS, PKB, and BRD.   THE MARKET CONDITIONS In December of 2017, Bitcoin was pushing the $20,000 mark with many experts predicting a…

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