David

Bitcoin's recovery stalled on approach to $11,000 Bitcoin and major altcoins have recovered from the recent lows. The upside momentum has faded away on the approach to critical resistance levels. The cryptocurrency market is recovering after a sharp sell-off registered during the weekend. Bitcoin (BTC) and all major altcoins are gaining ground, though the critical resistance levels have yet to be broken. The total capitalization of all digital assets in circulation jumped to $291 billion from $272 billion this time…

  Bitcoin price analysis – BTC/USD loses over $1,000 in a matter of hours, the worst not over yet BTC/USD retreated below $12,000 after a short-lived spike above $13,000 Intraday RSI implies that the sell-off is not over yet. Bitcoin is changing hands at $11,850 after a strong sell-off from the recent high of $13,195. The first digital currency lost over $1,000 of its value in a matter of hours and settled under $12,000 to much disappointment of BTC bull…

Parabolic Bitcoin Headed for $30,000, Predicts Morgan Creek CEO The bitcoin price is once again trading above the $12,000 level, and the current market cycle could take the price to a new all-time high. Morgan Creek Capital Management CEO Mark Yusko was featured on CNBC, where he emphasized that bitcoin is the best-performing asset since October 2018 by a long shot. “I think we’re in the next parabolic move. That will take us probably into the $30,000 level before we…

Bitcoin breakout coming? The cryptocurrency is already up 220% this year Bitcoin’s followed a similar trend since mid-February and has breached yearly highs at least once every month Bitcoin broke above its upper band limit for the first time this year in early February Bitcoin bulls looking for a catalyst that could extend its colossal rally may want to turn to technical analysis favored by some traders for a dose of good news.   Following an increase in prices over…

Why is this Distressing News from Deutsche Bank a Good Signal for Bitcoin? On Sunday, Deutsche Bank announced that it would soon make significant cutbacks to its investment bank unit. Reportedly, about 20000 employees could lose their jobs in their process. On Friday, 5th July, the head of Investment Banking, Garth Ritchie, also announced his departure from the firm. New York and London offices of the largest Germany’s business Bank is expected to experience the majority of the cut-backs. The…

Bitcoin Approaches $11,500 as Top Cryptos See Gains Saturday, July 6 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as Bitcoin (BTC) hovers just under the $11,500 mark. Bitcoin is currently up by about three percent on the day, trading around $11,486 at press time, according to Coin360. Looking at its weekly chart, the coin is down by over 7.68%. Bitcoin 7-day price chart. Source: Coin360 According to a recent report…

  Bitcoin Consumes As Much Power As Switzerland, But Impact Remains Negligible Much of the conversation surrounding Bitcoin and Switzerland in recent days is focused on the cryptocurrency showing price correlation between it and the country’s native fiat currency, the Swiss franc, which is often viewed as a “safe haven” asset for investors alongside gold and the Japanese yen. However, a new study conducted by researchers at the University of Cambridge, has revealed that each year Bitcoin could consume as…

Crypto Analyst – Bitcoin Market Cap Due to Surpass $1 Trillion this Cycle, $8 Trillion Next Crypto asset market analyst and partner at Adaptive Capital, Willy Woo, believes that the market capitalisation of Bitcoin alone will surpass $1 trillion dollars in the coming years. After letting off steam, he believes the next cycle will take Bitcoin’s market capitalisation to levels that rival that of gold today in terms of value. The analyst also takes a rather unique, hyper extended view…