Bitcoin’s Next Breakout Likely to Set the Mood Moving Forward
Bitcoin’s price action has been extremely slow over recent weeks. The leading cryptocurrency has traded in between $10,000 and $11,000 for approximately five weeks now, barely deviating. This has resulted in Bitcoin volatility indicators such as the Bollinger Bands width to drop dramatically, to levels not seen since June/July. In June and July, the crypto was also stuck in a $1,000 range, continually ranging. Due to the compression in these markets, analysts have been on […]
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Analysts expect Bitcoin price to retest the $45,000 zone as support, after which traders anticipate a stronger move toward a resistance cluster at $54,000. The mood across the cryptocurrency market has seen a notable improvement in the last week as prices are on the rise with Bitcoin (BTC) now trading near $48,000 while Ether (ETH) attempting to hold above $3,400. Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin has been oscillating around $48,000 since it broke out above $45,000 early on March 28 and bulls are now debating whether a bull run to $80,000....
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Bitcoin price is rearing to go and the community is optimistic for greater things for the conquering Bitcoin. Today’s post revisits the potential scenarios for price (explored yesterday) as we brace for interesting developments at the moment of block reward halving. The “halvening” is mere blocks away and the Bitcoin community is in a celebratory mood. This is a very good indication of positive social mood and we know what positive social mood leads to: buying. Although the expectation is for advance, it is not certain that price will surge at the moment of truth. As explored in....
The price of bitcoin has fallen since our last piece, this time hovering around $573 at press time. Some feel this was to be expected: things haven’t taken much of a turn since the Bitfinex hack, and news regarding Russia’s latest stance on bitcoin has been slow to hit home. Continued Uncertainty in Bitcoin Markets. One source describes the lack of activity: “Overnight action was relatively flat, and we didn’t manage to get into any positions with the range we had highlighted.” Since last week, no significant changes have occurred in bitcoin’s status, but the analyst remains hopeful:....
Bitcoin being its own killer app and its use-case as a stealth instrument for solving international remittances are just two highlights from the 2017 North American Bitcoin Conference (TNABC) currently underway. TNABC: ‘Bitcoin is Bitcoin’s Killer App!’ The annual event, which traditionally showcases the biggest innovations in crypto with big announcements from startups, finishes today in Miami. Speeches are coming from some of the industry’s biggest names, including Roger Ver, Charlie Shrem and even John McAfee. The mood is cautiously optimistic this year, with many celebrating Bitcoin’s....