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Bitcoin (BTC) Price Weekly Forecast: $10K Holds Key For Recovery There was a major downward move below the $10,000 support in bitcoin price against the US Dollar. The price is currently correcting higher, but upsides remain capped near $9,800 and $10,000. There is a major bearish trend line forming with resistance near $9,980 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). There could be a short term upside correction, but the bulls are likely to struggle…

Proposed A Radical Competitor To Bitcoin And The U.S. Dollar Bitcoin and cryptocurrency competitors are in vogue at the moment with both social media giant Facebook and China planning their own digital currency projects. The bitcoin price, despite suddenly plummeting this week, has climbed this year largely because the likes of Facebook and South Korean technology behemoth Samsung have tacitly endorsed bitcoin and cryptocurrency technology, helping it to somewhat recover from a disastrous 2018. Now, Bank of England governor Mark…

Portugal Tax Authority – Bitcoin Trading and Payments Are Tax-Free Portugal’s Tax Authority has clarified that both cryptocurrency trading and payments in crypto will not be taxed in the country, Cointelegraph en Español reported on Aug. 27. According to a report published on Aug. 26 by Portuguese business newspaper Jornal de Negócios, the Portuguese Tax and Customs Authority have confirmed that crypto transactions or payments are exempt from Value Added Tax (VAT). The agency reportedly provided the clarification to a…

Winklevoss Twins – Bitcoin is Going in the Right Direction The story of Bitcoin has been nothing short of a rollercoaster. The asset had to ensure several years of relative obscurity before finding fame in a 2017 boom and crashing right back down in 2018. However, the world’s most popular asset is back, and Bitcoin trading is now pegged at over $10,000 a token. With a healthy 200 plus percent climb in 2019 alone and all of the momentum in…

Bitcoin {BTC} breaches the 10.5k mark – Switzerland and U.S. politicians meet following release of LIBRA After bears had brought BTC all the way down to $10,000 a trend reversal occurred. This had helped Bitcoin rally along with the majority of the altcoins. Once again, Bitcoin proved its worth over Gold [in spite of the latter facing much less volatility], which indicates that Peter Schiff along with the rest of the “Gold Barons” is wrong. However, BTC has a long…

Bitcoin (BTC) Price Testing Last Line Of Defense With Positive Bias Bitcoin price is showing positive signs and settled above $10,000 against the US Dollar. The price is now trading near the key $10,400 resistance area, which is preventing gains. Yesterday’s highlighted important bearish trend line is acting as a solid resistance near $10,420 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely setting up for the next key break either above $10,500…

China Plans to Introduce New Crypto to Rival Bitcoin, Say’s Analyst An influential officer of the PBoC at the meeting of China finance 40 groups had declared China’s intention to introduce a sovereign crypto asset. The declaration of this proposed introduction is unexpected at this time due to the ongoing currency war and trade dispute with the U.S.   China’s Progressive Crypto Route Mu Changchun, the deputy director in the payment and settlement division at the PBoC had declared during…

EU Antitrust Regulators Scrutinise Facebook’s “Cryptocurrency” Project Facebook’s Libra project has been questioned by European Union anti-trust regulators. They are concerned about the project, popularly referred to as a cryptocurrency, restricting competition. Libra has been subject to immense scrutiny already from global policy and law makers. In fact, the company recently admitted that the regulatory pressure might force it to postpone or even cancel the project altogether. Facebook’s “Cryptocurrency” Ambitions Draw Yet More Regulatory Attention Almost as soon as the…