Tag Archives: Bitcoin Analysis

Bitcoin Price Watch: BTC/USD Facing Crucial Resistances

Key Points Bitcoin price started an upside move after trading as low as $6,202 against the US Dollar. There was a break above a key bearish trend line with resistance at $6,340 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move higher, but it is facing many hurdles near… Read More »

Shapeshift CEO: Bitcoin Drop Beneficial in Building Market Foundation

Advertisement According to Erik Voorhees, the CEO of popular cryptocurrency trading platform ShapeShift, the bear market of Bitcoin is crucial for building market foundation and infrastructure. He explained: “Bear markets are for builders. The calm, the quiet, the disillusionment. While the fickle and fair-weather peer around with nervous insecurity, the builders become the market’s foundation, preparing the mortar… Read More »

Commissioner: SEC Shouldn’t Hold Back in Approving Crypto Products

Advertisement The US Securities and Exchange Commission (SEC) commissioner Hester Peirce has stated that the government should not limit the emergence of new products in the crypto market based on the perceived weaknesses of Bitcoin. According to Peirce, the SEC should not force crypto markets to be subjected to comprehensive government regulation just to deploy products on top… Read More »

US Market Crash Expected as Household Income Explodes, Will Millennials Flock to Bitcoin?

Advertisement For the first time in history, US household wealth has surged above the $100 trillion mark, fueled by the rise in the value of stocks and properties. However, analysts say the unsustainable growth in household wealth could cause a crash, which may lead millennials to flock to Bitcoin. In September, US household wealth reached $100 trillion, and… Read More »

Bitcoin Price Intraday Analysis: BTC/USD Hinting Reversal towards $6500

Advertisement Bitcoin price on Tuesday appreciated as much as 2.88 percent against the US Dollar. The BTC/USD is trading at 6326-fiat at the time of this reporting. The pair opened the day forming lower lows towards 6229-fiat. There was already a minor uptrend in place on a bounce back from 6205-fiat from yesterday. However, BTC/USD lacked adequate bullish… Read More »

Crypto Bloodbath: Bitcoin and Ethereum Record Losses in $10 Billion Wipeout

Advertisement Over the past 24 hours, the crypto market has experienced a large sell off as Bitcoin demonstrated a 3 percent drop in price, leading the market to drop $10 billion. Ethereum and EOS recorded the largest drop amongst major cryptocurrencies at 9 percent, while Bitcoin Cash, Litecoin, Monero, Cardano, and Dash demonstrated steep 7 percent losses. What… Read More »

Bitcoin Price Watch: BTC/USD Buyers Losing Control Below $6,400

Key Points Bitcoin price declined recently and broke the $6,450 and $6,400 support levels against the US Dollar. There was a break below a major bullish trend line with support at $6,440 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair may perhaps continue to move down towards the $6,120 support area in… Read More »

Bitcoin Price Intraday Analysis: BTC/USD Wedge Support Broken

Advertisement Bitcoin price on Monday depreciated against the US Dollar after consolidating sideways for the whole Asian and European sessions. The BTC/USD at the beginning of the US trading hours formed lower lows towards 6239-fiat. Before that, the pair was trading sideways owing to minimal momentum. It kickstarted the Asian session with just shy of 6500-fiat and recorded… Read More »

Crypto Market Steadies at $202 Billion. Low Bitcoin Volume Remains a Concern

Advertisement Over the past 24 hours, the crypto market has consistently demonstrated stability in the $202 billion region, as Bitcoin and Ethereum remained above $6,400 and $220. Yesterday, on September 16, CCN reported that the volume of Bitcoin is a concern, as it recorded nearly 30 percent drop in volume in a period of three days. As of… Read More »

This Dormant $720 Million Bitcoin Wallet Has Woken Up – But Who Owns It?

Advertisement Once again in the world of cryptocurrency, we have a mystery on our hands. A $720 million sleeping giant has woken up after four years, with $100 million moved to Bitfinex and Binance over the course of ten days at the end of August. The bitcoin wallet contains 111,114 BTC or 0.52% of the total supply. The sudden movement of… Read More »