markethive

Daily confluence detector shows med-strong resistance levels till $10,750   BTC/USD has had a bullish start to the day as the price has gone up to $10,365. Price is supported by a strong support level at $10,070. BTC/USD is on the verge of having three bullish days in a row. Unlike the rest of the crypto market, Bitcoin seems to be creeping along in a bullish trajectory, probably buoyed by the news of the Bakkt announcement. The hourly price chart…

Bitcoin Drops the Key $11,000 Level The sellers are starting to pile back into Bitcoin as the key $11,000 level has fallen away. The news out today is that major bank Barlclay’s has dumped its relationship with Coinbase, a leading crypto exchange. For some background here, the major banks are not all that keen to work with crypto exchanges etc. The relationship with Barclay’s, a major London player, was clearly a positive one in terms of market sentiment. The fact…

Bitcoin Mining Industry Remains on Strong Footing When the crypto winter struck the market in 2018, analysts predicted that crypto mining would also see a downturn. Some miners did hang their boots in the aftermath of the Bitcoin crash. However, one year down the line, Bitcoin mining is growing stronger than ever   Bitcoin mining- the industry most ignore Bitcoin mining is becoming more profitable, thanks to the recent rise in prices and the rise of Bitcoin mining pools. In…

BTC/USD fails to extend bounce from 11,100/115 rest-area BTC/USD remains below 1-month old resistance-line. 11,100/115 offers immediate support ahead of 21-DMA level around 10,650. Despite bouncing off three-week-old horizontal-support, the BTC/USD pair fails to clear near-term trend-line resistance as it makes the rounds to 11,425 during early Monday. The leading crypto pair has been under pressure recently as price rally in other altcoins joins speculations of increased Bitcoin mining. Adding to the market fears is the on-going US-China trade war…