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Chart Analysis – Bitcoin, Ethereum and Credits for October The Current Market Situation As of October 4th, crypto markets are still struggling to recover. Since its last sharp drop, BTC fails to retrace to $8500 level while many other currencies see significant losses. As of publishing time, BTC dominance remains around 67%. BTC/USDT Daily Chart On the chart, we can see that the price made a break of the lower resistance boundary of the “triangle with a flat bottom” formation…

Bitcoin price prediction – BTC/USD barely holding at the edge of a cliff – Confluence Detector Bitcoin futures contracts are likely to be banned from Britain’s retail market. Bitcoin stares into the abyss after testing the $8,000 weak support area. Bitcoin continues to lead the market in consolidation. However, a keen observation of the Bitcoin trend, one can clearly tell that the price has a high affinity to declines in the near-term. Its potential to hold above the critical $8,000…

Experts See Bitcoin Rallying to $20,000 Before End of the Year – Here are the Reasons Bitcoin is down by over 40% from the 2019 high of $13,880. Any other asset plunging by 20% or more would have been in a bear market. But not the king of cryptocurrencies. Bitcoin has retraced by more than 40% in previous bull runs and many market participants are comfortable holding the cryptocurrency. To prove our point, we asked experts what are their year-end…

Precipitous 20% Bitcoin Price Plunge to $8,000 Caused by Traders Data   Bitcoin hasn’t had the past ten days. Since the Sunday before last, the price of the cryptocurrency has shed some 15%, leaving many traders stumped as to what in the world took place to send digital assets plummeting.   Cynics of the Bitcoin market have suggested that the rally to $14,000 and the subsequent dump was “one final pump and dump” enacted by whales. Gold proponent Peter Schiff, for…

Bitcoin Pullback Nothing to Worry About, Bull Market Will Follow Every time Bitcoin dumps a double digit percentage panic floods the crypto community and the doom merchants start rejoicing. This has happened so many times before and every dump has eventually turned into a sustained rally. Nothing is new this time as previous corrections have shown. Bitcoin Market in 2013 Compared to Now Observing previous market movements may help us predict the current one. Naturally things are very different in…

Mark Yusko – Everyone Should Be Purchasing Bitcoin   When it comes to bitcoin, most analysts seem split right down the middle, with some like Warren Buffett telling us to avoid it all costs, and hedge fund manager Mark Yusko telling us to buy it at all costs. Yusko: BTC Is an Important Asset In a recent interview with CNBC, the CEO of Morgan Creek Capital told his listeners to “buy it” when it came to bitcoin and said that…