The Past Is Gone
David
Analysis – Bitcoin primed for a price break out
Analysis – Bitcoin primed for a price break out Bitcoin is approaching an end to a trading pattern, that potentially spans back over 5 months with a $10000 range. Bitcoin is sitting inside a mammoth 5-month trading pattern—with a possible breakout approaching in the next 10 days. The pattern is called a symmetrical triangle, and refers to a chart characterized by two converging trend lines connecting a series of sequential peaks and troughs. Looking back over the last 160 days,…
Bitcoin BTC price readings – dominance grows as Redditor unveils first draft of the Bitcoin Bible
Bitcoin {BTC} price readings – dominance grows as Redditor unveils first draft of the Bitcoin Bible Bitcoin is the top-ranked asset in the market, with a dominance rate of 70.3% linked to it. The price climbed at a rate of 2.49% in the course of the past 24-hours. The trading volume recorded stands at $15.165 billion, while the supply has 17,932,687 BTC coins in play for now. As of this moment, the total market cap of Bitcoin is $186.478 billion.…
Bitcoin price analysis – BTCUSD bounced from key support further growth imminent
Bitcoin price analysis – BTC/USD bounced from key support, further growth imminent BTC/USD managed to push for a reversal from the tested $9,800 support only to hit a snag at $10,200. Bitcoin must settle between $10,200 and $10,400 to allow the bulls to focus on higher levels heading towards $11,000. Many cryptocurrency analysts and experts have become strongly bearish in the past few weeks. This was fueled by the failure to break the psychological resistance at $11,000 even after…
Bitcoin price would rally after the 11500 mark
Bitcoin price would rally after the $11500 mark BITCOIN PRICE The king of cryptocurrency Bitcoin (BTC) down under and Bitcoin price action is throwing one disappointment after another at the investors since the 26th of June. That’s precisely when the price hit thirteen thousand and eight hundred dollars ($13800) mark and the volatility reached its peak. Albeit briefly, Bitcoin price hit the thirteen thousand dollars ($13000) mark twice since June 2019. While BTC price has been dwindling below eleven thousand…
Next Bitcoin Bull Market Could Take Years So How Long To Next Peak?
Next Bitcoin Bull Market Could Take Years, So How Long To Next Peak? Long term price predictions for Bitcoin are always positive since very few industry analysts see things going south for the technology. This year has been very bullish for BTC, compared to the nightmare it had last year. Looking at the charts though could spell quite a long wait for the next market cycle peak. Bitcoin Could Take Its Time To Reach Next High BTC has made over…
How Bitcoin Distribution Is a Bullish Sign For Greater Adoption
How Bitcoin Distribution Is a Bullish Sign For Greater Adoption There are a number of differing metrics analysts use to determine the health of the Bitcoin ecosystem. Hash rate and transactions are two of the most popular but distribution in terms of the number of addresses can also be used to determine adoption rates. Bitcoin Addresses Increasing Over the past two years the number of BTC addresses has surged indicating that the asset is undergoing greater adoption. The largest…
Bitcoin BTC Price Weekly Forecast- Downside Thrust Before Fresh Rise?
Bitcoin (BTC) Price Weekly Forecast- Downside Thrust Before Fresh Rise? There was a steady rise in bitcoin price above the $10,500 resistance against the US Dollar. The price is currently correcting lower after it traded to a new monthly high close to $11,000. There is a key bullish trend line forming with support near $10,200 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). There could be a downside correction towards the $10,100 support area before a…
Manny Pacquiao Releases His Own Cryptocurrency
Manny Pacquiao Releases His Own Cryptocurrency The boxing prodigy from Philippine, Manny Pacquiao has announced the launch of his own cryptocurrency doing a concert in Manila city. The concert gathering had more than 2,000 fans to pimp up the fad for the new cryptocurrency. Sunday’s concert marked the unification of music with the virtual currency as Pacquiao recited songs from his hit album and abruptly announced the launch of his cryptocurrency right before the show came to an end. “Pacquiao…