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Bitcoin (BTC) Price Analysis – Reversal Candlestick At Make-Or-Break Level

May J, 2018

Bitcoin (BTC) Price Analysis – Reversal Candlestick At Make-Or-Break Level Bitcoin is down to the last line of defense for bulls but a reversal candlestick is forming. BITCOIN PRICE ANALYSIS Bitcoin is consolidating inside a symmetrical triangle on its daily time frame and is currently testing support. This could be the last line of defense for buyers, as a break below support could signal that a longer-term selloff is underway. However, a reversal candlestick or a doji appears…

87.5% of all Bitcoins [BTC] will be mined by 2020 â Here’s why it matters!

May J, 2018

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87.5% of all Bitcoins [BTC] will be mined by 2020 – Here’s why it matters! The block reward for Bitcoin will halve next in about two years from the time of publishing this article. The estimated time for the next half of the reward is around 732 days, but it is relevant now for a few reasons. The current bear market offers opportunities for investors to buy and hold Bitcoin, as it is currently trading at a low since the…

World’s Largest Diamond Jewelry Retailer Joins De Beers Blockchain Pilot

May J, 2018

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World’s Largest Diamond Jewelry Retailer Joins De Beers Blockchain Pilot De Beers Group has announced that the world’s largest diamond jewelry retailer has joined their diamond supply blockchain platform Tracr, according to a press release published May 24. Signet Jewelers joined the project, which aims to bring transparency to the industry, in addition to boosting consumer confidence. Signet will join the Tracr platform in its pilot version, which according to the press release, will enable the platform to complete a…

Bitcoin (BTC) Price Watch – Can It Finally Bounce?

May J, 2018

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Bitcoin (BTC) Price Watch – Can It Finally Bounce? Bitcoin Price Key Highlights Bitcoin price is still inside its symmetrical triangle formation and is currently testing support. A bounce could take it back up to the resistance around $9,000 while a break lower could lead to a test of the next support at $6,500. Technical indicators are showing mixed signals, so the move could mostly depend on market catalysts. Bitcoin price has sold off to the very bottom…

Bitcoin and Ethereum Price Forecast â BTC Prices Crash Through Support

May J, 2018

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Bitcoin and Ethereum Price Forecast – BTC Prices Crash Through Support The BTC prices have fallen hard over the last few hours and the prices now trade below the $7500 region as of this writing. We had mentioned yesterday that the support region around $7800 was under severe pressure and if and when there is a break through this region, we should see the bears back in control and that’s what we are seeing now. There are no specific reasons…

Bitcoin (BTC) Price Watch – Kashkari Comments Bring Sellers In

May J, 2018

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Bitcoin (BTC) Price Watch – Kashkari Comments Bring Sellers In Bitcoin Price Key Highlights Bitcoin price resumed its drop as price is now breaking past the mid-range area of interest. This could put it on track towards testing the range floor at the $6,550 level. Technical indicators are confirming that selling pressure is still in play. Bitcoin price seems poised for more losses as it reeled from Kashkari’s remarks and is setting its sights on the range bottom. Technical…

Brian Kelly – Bitcoin Cash Could Go Up Following More Use Cases

May J, 2018

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Brian Kelly – Bitcoin Cash Could Go Up Following More Use Cases Brian Kelly, the founder and CEO of BKCM LLC, an investment company focused on cryptocurrencies, came out bullish on Bitcoin Cash (BCH) on CNBC May 21. On Saturday, BCH miners reportedly had a meeting dedicated to funding for a BCH development fund. Miners are looking to allocate some part of the reward they receive from mining and invest it to expand the BCH ecosystem, Kelly explained. The…

Bitcoin Price Analysis – Consolidation continues

May J, 2018

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Bitcoin Price Analysis – Consolidation continues Bitcoin (BTC) has continued to seesaw, sliding 20% since May 6th and then recovering slightly over the past few days. The market cap now stands at US$144.86 billion, with US$1.64 billion traded in the past 24 hours. On the network side, hash rate and difficulty continue to push record highs, with ongoing shipments of ASICs from multiple mining companies, including Bitmain and Halong. Although the original Bitcoin Whitepaperdescribed Proof of Work (PoW)…

Bitcoin Cash Price Weekly Analysis: BCH/USD Recoveries Remain Limited

May J, 2018

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Bitcoin Cash Price Weekly Analysis: BCH/USD Recoveries Remain Limited Key Points Bitcoin cash price got bid near the $1.130 level and started a recovery against the US Dollar. There is a crucial bearish trend line forming with resistance near $1,320 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair may continue to rise in the short term, but it is likely to face sellers near $1,320-40. Bitcoin cash price is showing positive signs above…

JPMorgan Looks Into Crypto Months After Their CEO Called Bitcoin âStupid’ and âDangerous’

May J, 2018

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JPMorgan Looks Into Crypto Months After Their CEO Called Bitcoin ‘Stupid’ and ‘Dangerous’ Back in September of 2017, JPMorgan’s CEO Jamie Dimon called Bitcoin “stupid” and “dangerous.” Dimon also said if he caught anyone buying or selling Bitcoin he would “fire them in a second.” His words carry heavy weight as one of the most prominent voices in the global finance world. However, it appears his opinion changed. JPMorgan is looking into the use of cryptocurrencies despite their purported threat…