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…
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 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 – 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…
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 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? 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 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…
Bitcoin price prediction – BTC/USD key hurdles in the rearview ahead of the weekend-Bitcoin Confluence Bitcoin seems to be stuck in a range between $10,800 (range limit) and $10,400 (range support). A clear path exists between the immediate resistance ($10,791) and the next hurdle at $11,572.67. Bitcoin bears pressed down on key support areas following the rejection around $10,800 but the buyers managed to keep the price above $10,500. Besides, Bitcoin seems to be stuck in range between $10,800…