Bitcoin – $0 or $100,000? Bitcoin has long toiled in obscurity. Despite the cryptocurrency now being valued at some $180 billion — the size of a large Silicon Valley firm — it is still relatively small in the grand schemes of things. Yes, it is one of the largest base monies in the world, but is still pitiful when put up against the size of, say, the equities or housing markets. Some cynics have postulated that this is the biggest…
Market speculators hold net short positon of Bitcoin futures WASHINGTON, Sept. 20 (Xinhua) — Data from the U.S. Commodity Futures Trading Commission on Friday showed that market speculators held net short position of Bitcoin futures this week. For the week ending Tuesday, non-commercial investors, commonly treated as market speculators, held a net short position of 1,070 Bitcoin future contracts while the total amount of the future contracts held by speculators decreased. Meanwhile, commercial traders, commonly treated as hedgers, still held…
Something Very Strange Is Going On With Bitcoin And BTC Google Searches Bitcoin and cryptocurrency prices are well known to be closely tied to media and general public interest–-though that could be changing. The bitcoin price has been climbing so far this year, rising some 200% since January, though has recently plateaued at around $10,000 per bitcoin after peaking at more than $12,000 in June. Now, it appears Google searches for bitcoin and BTC, the name used by traders for…
Crypto Market & Bitcoin Rebounding – BCH, Litecoin, TRX, XLM Analysis The total crypto market cap bounced back sharply after testing the $245.0B support area. Bitcoin price is back above the $10,000 and $10,100 levels, with positive signs. Litecoin (LTC) price is showing positive signs and it could soon revisit the $80.00 resistance. BCH price is gaining pace and it could rise towards the $325 and $340 resistance levels. Tron (TRX) price settled above the $0.0170 level and it…
Bitcoin Dumps 5% In An Hour As Predicted Slide Begins Following a week of consolidation in an ever tightening channel Bitcoin finally made its move today. Many had been predicting it would be to the downside and they were correct as the king of crypto slumped 5% in an hour plunging back into the mid-$9,000 zone. Monster Red Bitcoin Candle Just an hour or so ago one huge red candle plunged Bitcoin prices through support at $10,100 and back into…
Bitcoin Dumps 5% In An Hour As Predicted Slide Begins Following a week of consolidation in an ever tightening channel Bitcoin finally made its move today. Many had been predicting it would be to the downside and they were correct as the king of crypto slumped 5% in an hour plunging back into the mid-$9,000 zone. Monster Red Bitcoin Candle Just an hour or so ago one huge red candle plunged Bitcoin prices through support at $10,100 and back into…
The quest for a Bitcoin ETF dealt a blow as VanEck withdraws proposal The VanEck Bitcoin proposal was up for the finals decision by the US SEC on October 13. Two more Bitcoin ETFs are still up for review filed by Wilshire Phoenix and Bitwise Asset Management. The journey to having the first Bitcoin exchange-traded fund (ETF) will continue despite Cboe BZX Exchange recalled its VanEck/SolidX BTC ETF proposal. A filing made on September 17 came after a proposed…
Bitcoin Gets a Blow of 1%; Falls below $10,300 Bitcoin loses 1% in the last 24 hours and goes below 10,300 USD. The next resistance may come at 10,481 USD. Bitcoin has almost lost 1% over the last 24 hours and ditching the growth pattern it is now below 10,300 USD. The trading range of Bitcoin’s price in the last one day has been between 10,380 USD and 10,102 USD. The medium-term outlook is expected to be bullish. BTC to…
Opinion – We Want Bitcoin Results, Not Predictions Is it safe to say that people are tired of talking about bitcoin? While not necessarily bored by it, they are tired of hearing the same things over and over, one of which is that the currency is about to enter a huge rally of sorts. No More Bitcoin Predictions; We Want to See Change Tom Lee, as reported by Live Bitcoin News earlier today, is back in the limelight again, commenting…
Bitcoin (BTC) Price Weekly Forecast – Slow And Steady Increase Likely There was a downside correction from the $10,954 swing high in bitcoin price against the US Dollar. The price is holding the $10,000 support and it could bounce back in the near term. There is a major bullish trend line forming with support near $10,140 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price could dip in the short term before it starts a…