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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 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…

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…

Bitcoin Price Continues to Eye $11K as Most Altcoins See Minor Gains Market visualization. Source: Coin360 Bitcoin continues to show impressive price movement after trading close to $10,300 for the better part of the day. At publishing time, the No. 1 cryptocurrency is trading at $10,718 — up 2.9% on the day, according to data from Coin360. Bitcoin’s 24-hour price chart. Source: Coin360 Bullish sentiments towards BTC seem to have won out once again as Bitcoin dominance hit 70.5%. Cointelegraph…

Bitcoin And Crypto Market Rally Looks Real – LTC, BNB, BCH, TRX Analysis The total crypto market cap recovered nicely and broke the key $250.0B resistance area. Bitcoin price is up more than 7% and it recently climbed above $10,400. Binance coin (BNB) price is also gaining momentum and it recently broke the $22.50 resistance. Litecoin (LTC) price is facing a few solid hurdles near the $68.00 and $70.00 levels. BCH price is up more than 5% and it is…

Kyrgyzstan to Impose Taxes on Bitcoin Miners Kyrgyzstan, a formerly notorious anti-crypto country, is making some moves towards reversing a years-old negative stance on crypto assets. According to a report from local news outlet Kabar, the Ministry of Economy in the Central Asian country submitted a draft bill to introduce a new taxation structure to cryptocurrency mining. The Kabar report revealed that earlier this week, the ministry submitted a draft bill titled “On Amending the Tax Code,” which seeks to…