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

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

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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Criminal Bitcoin Trader Found Guilty of Money Laundering in Arizona

Criminal Bitcoin Trader Found Guilty of Money Laundering in Arizona Though many convicted criminals serve time and receive help reforming, for one Bitcoin trader, his record continues to grow from felony marijuana charges to money laundering. First reported by CCN earlier as an “unlicensed money transmitting business,” it appears as though Thomas Mario Costanzo, who often goes by ‘Morpheus Titania,’ hasn’t yet learned his lesson in following the law, including legal Bitcoin trading, and now awaits his June sentencing regarding…

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Bitcoin Cash Price Technical Analysis – BCH USD Crashes Below $700

Bitcoin Cash Price Technical Analysis – BCH/USD Crashes Below $700 Key Points Bitcoin cash price struggled to move higher and declined sharply below the $700 level against the US Dollar. There are two key bearish trend lines forming with resistances near $750 and $850 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may continue to struggle, and it could even trade towards $600 in the near term. Bitcoin cash price faced a lot of…

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Looking Ahead To $20,000 Bitcoin

Looking Ahead To $20,000 Bitcoin In last week’s Investor Alert, our investment team shared with you a report from Morgan Stanley that says Bitcoin’s price decline since December mimics the Nasdaq tech bubble in the late 1990s. This isn’t earth-shattering news in and of itself. The main difference is that the bitcoin rout happened at 15 times the rate as the tech bubble. Morgan Stanley has some good news for Bitcoin bulls, however: The 70 percent decline is “nothing out…

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Vitalik Wants You to Pay to Slow Ethereums Growth

Vitalik Wants You to Pay to Slow Ethereums Growth Could adding a new fee help preserve ethereum in the long term? It's a contentious statement in light of the debates ongoing across blockchains over how and when users should pay to support what amount to global computing networks. However, the concept is now gaining notable momentum on ethereum, most recently from the creator of the world's second-largest blockchain himself, Vitalik Buterin. Buterin's concept, described in a recent blog post, revolves…

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Bitcoin, Ethereum, And Litecoin Are The Most Popular Cryptocurrency Investments Among Millennials

Bitcoin, Ethereum, And Litecoin Are The Most Popular Cryptocurrency Investments Among Millennials   Millennials love cryptocurrencies. For a couple of reasons. One of them is the technology behind them that promises to modernize capitalism, and free it from the tight control of big governments and big banks. The other reason is the potential cryptocurrencies have to make investors rich quickly, provided that they continue to rise at an astronomical pace. That’s why, among millennials, cryptocurrencies were a popular choice to…

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Bitcoin Cash Price Weekly Analysis – BCH/USD Struggling to Recover

Bitcoin Cash Price Weekly Analysis – BCH/USD Struggling to Recover Key Points Bitcoin cash price corrected higher but it struggled to move above the $1,080-1,100 against the US Dollar. There is a significant bearish trend line forming with resistance at $1,000 on the 4-hours chart of the BCH/USD pair (data feed from SimpleFX). The pair may continue to struggle and it could decline below the $950 support in the near term. Bitcoin cash price is struggling to gain upside momentum…

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Reddit Reportedly Removes Bitcoin As Payment, Cites ‘Coinbase Change’

Twee Reddit Reportedly Removes Bitcoin As Payment, Cites ‘Coinbase Change’ Reddit has reportedly removed the option for users to pay for their premium membership program, Reddit Gold, in Bitcoin (BTC) citing an “upcoming Coinbase change”, according to a Reddit post in subreddit /r/btc published March 23. Reddit user BitcoinXio posted a video of the steps to give another user Reddit Gold, showing that the only payment options are PayPal and credit card. Reddit user emoney40, a moderator of several subreddits…

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Bitcoin Price Technical Analysis for 23rd Mar 2018 – Another Reversal Pattern

Bitcoin Price Technical Analysis for 03/23/2018 – Another Reversal Pattern Bitcoin Price Key Highlights   Bitcoin price failed to break past the $9,000 level after news of a potential shutdown of Binance in Japan broke out. However, bitcoin price could still form an inverse head and shoulders pattern, which is a potent reversal signal. Technical indicators are showing that bullish momentum could stay in play. Bitcoin price sold off recently but could form a short-term reversal pattern on its 1-hour…

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