Bitcoin News

BITCOIN PRICE FLASH CRASHES TO $6.1K – HERE’S THE LIKELY REASON WHY

WHALE DUMP, ‘FAT FINGER ERROR,’ OR BOT GLITCH

A trader on the Bitstamp exchange reportedly put up a sell order of 5,000 BTC at an oddly low price of $6,200. This move caused a massive price plunge on the exchange, setting up a temporary arbitrage opportunity.

The effect soon spread across the market to other exchanges with the BTC market average falling to about $7,100. As at press time, Bitcoin had rallied to $7,300 on most of the popular BTC exchange platforms. Ver matéria

 

 

Brazil inflation leads to increased Bitcoin trading volumes

Brazil’s inflation rate has reached 4.58%. Brazilian cryptocurrency exchanges traded more than 100,000 BTC right before the announcement of the inflation.

Brazil’s inflation rate raised to its highest level in four years which spiked Bitcoin’s trading volumes. The inflation rate has reached 4.58%. Since President Jair Messias Bolsonaro took office on January 1, 2019, Brazil’s inflation rate has spiked upwards. The Rios Times states:

“The latest result of the IPCA was the highest for the month of March since 2015. The IPCA, which measures the country’s official inflation, rose by 0.43 percent in February, and 0.09 percent in March of last year.”

Right before the announcement of the inflation, Cointrader Monitor, a monitoring tool that analyzes Bitcoin price movements in the country, announced that Brazilian cryptocurrency exchanges traded more than 100,000 BTC on April 10, 2019. This surge in trading volume happened despite the country’s regulators and traditional banks doing everything in their power to disrupt Bitcoin exchanges. Recently, Santander shut down the account of the Bitcoin Max exchange. This decision was reversed by another judge last February as Santander had failed to provide “prior written communication of the intention to terminate the contract.” Ver matéria

 

 

The Next Bitcoin Bull Run Will Be The Strongest Yet – Here s Why

One thing for sure is that the crypto market is ever dynamic. For example, the market atmosphere was completely different in April last year to what it is this year. Last year wasn’t a great year for crypto traders. Most cryptocurrencies lost almost 80% of the gains they had made during the peak of December 2017.

However, things seem to be finally looking up for the crypto market, with this April marking a significant shift from the bearish sentiment back to the bullish outlook. In fact, many crypto analysts and traders alike have predicted an imminent crypto bull run that will turn the tide against the bears once and for all. According to some Bitcoin holders, this will be the best Bitcoin boom yet.

Over the last year, Bitcoin’s price hasn’t been exactly the best as the crypto struggled to stay safe from the fierce bear attacks. Between January 2018 and January 2019, Bitcoin had lost over 80% of its peak value, but that still didn’t take it under. Bitcoin has proved to be one of the most resilient cryptos in the market.

While the prices have been down as compared to its all time highs, smart crypto traders and investors have stepped in to accumulate and expand their Bitcoin holdings in anticipation of the coming bull run. Even now that Bitcoin has risen above the $5,000 resistance level, people are still accumulating. This in turn supports the general sentiment that indeed Bitcoin is headed for a major breakthrough.

Bitcoin Going Mainstream Before 2016 and prior to the crypto boom of 2017, a great number of people had no idea what cryptocurrencies were or if they even existed. Thanks to the boom, the crypto world has since attracted much media attention and public awareness. Today, a sizable world population knows about Bitcoin and other cryptocurrencies in general.

For a major boom to occur, Bitcoin needs a serious boost in mainstream adoption, and that’s something that’s already happening in various sectors. Today, people are paying for coffee and even settling school fees with Bitcoin.

Ver matéria

 

 

Crypto Daily Market Watch: Bitcoin Continues to Hold Strong Above The $5000 Mark As The New Week Starts

Despite the correction that almost followed the bullish streak over the past week, as of now, Bitcoin seems to hold strong above the $5000 levels, with its press time price hovering around $5,074 (Bitstamp), a 0.35% decline in value within the last 24 hours.

Ethereum and Ripple are also recording slight losses with their current prices floating around $163 (market cap of $17 billion) and $0.325 (market cap of $13.6 billion) respectively.

Overall, it looks like the heavy traders had gone off to their weekend vacations and the real action will start tomorrow when a new week starts.

The total market cap is ~$172 billion | Bitcoin’s market cap is ~$89.7 billion | BTC dominance is at 52.1%

Samsung SDS, Mahindra join forces for blockchain technology: Samsung SDS, a subsidiary of Samsung Group, has reportedly signed a partnership with Mahindra, an Indian IT giant Tech to explore the opportunities of the international blockchain market.

Aussie Banks Still Cold to Cryptocurrency Businesses Despite Regulation: Despite the implementation of regulations in the Australian crypto market, local banks in the country continue to tread with caution when dealing with crypto-related businesses.

Elon Musk Mentions Crypto For The Umpteenth Time: Should We Care?: Elon Musk, the brain behind Tesla and SpaceX, is still bullish on cryptocurrencies and continues to entertain the twitter community with his humour, and this time noting that cryptocurrency is his “safe word.”

Most Significant Gainers And Losers Puregold Token (112.34%)

Puregold Token (PGTS) is on a bullish streak despite the current market downturn. Although PGTS experienced a sharp decline which dropped its price from $0.036 to $0.012 within the last two days, a price correction was quick to follow: The small-cap altcoin now trades at $0.039 with a market cap of $443,212.

CyberVein (50.26%)

Despite the violate price movement of CyberVein (CVT), the altcoin is one of the most significant gainers over the last 24 hours. CVT traded at $0.01 on April 13 but now boasts of a price of $0.022 and a total market cap of $23,457,113.

DEX (-22.58%)

DEX (DEX), the official token of the Coinbit exchange, is recording the most significant loss among cryptocurrencies with a minimum market cap of $100K. Losing more than 20% of its value against the USD, DEX currently trades at $0.041433 with a daily volume of $2,223,857.

Be the first to know about our price analysis, crypto news and trading tips: Follow us on Telegram or subscribe to our weekly newsletter. Ver matéria

 

 

Bitcoin Hovers Near $5,100 as Top Cryptos See Slight Losses

Saturday, April 13 — most of the top 20 cryptocurrencies are reporting slight losses on the day by press time, as Bitcoin (BTC) hovers just over the $5,100 mark.

Bitcoin’s price is up about half a percent on the day, trading at around $5,107 by press time, according to CoinMarketCap. Looking at its weekly chart, the current price is also just half a percent higher than the price at which Bitcoin started the week.

Ethereum (ETH) is holding onto its position as the largest altcoin by market cap, which is at about $17.4 billion. The second-largest altcoin, Ripple (XRP), has a market cap of about $13.7 billion by press time.

ETH has seen almost no change over the last 24 hours, down a fraction of a percent. At press time, ETH is trading around $165. On the week, the coin has also seen almost no gross change, but reported a mid-week high of $184 on Monday.

Among the top 20 cryptocurrencies, the only one reporting notable gains is Binance Coin (BNB), which is up almost three percent. BNB has seen slightly more gains on the week. The total market cap of all cryptocurrencies is currently equivalent to $173.1 billion, which is close to two percent lower than $175.6, the value it reported a week ago. As Cointelegraph reported yesterday, French insurance markets can now invest in cryptocurrencies, following the passage of a new law. Today, Cointelegraph reported that the research arm of major cryptocurrency derivatives platform BitMEX estimates that Bitcoin SV (BSV) miners have accumulated gross losses of $2.2 million. The report released by BitMEX Research claims that BSV miners perceived a negative gross profit margin of 12% since the coin was created in a hard fork that split Bitcoin Cash (BCH). Ver matéria

 

 

Bitcoin Cash Technical Analysis: BCH/USD bullish pennant pattern formation subject to breakout higher

Bitcoin Cash Friday saw a decent bounce back, trading in positive territory up some 4.00%. BCH/USD bulls looking to retest the high area seen at the start of the week, up around $320. Price action via the daily chart view is moving within a bullish pennant structure.

Ver matéria

 

 

Is Bitcoin overbought? Why further BTC rallies can be expected

Bitcoin lost 7% in just 12 hours after almost hitting $5,500. Is the cryptocurrency overbought? Will there be lower prices?

April 11, 2019. AtoZ Markets - The cryptocurrency market had another flash drop on Wednesday after a quick bullish breakout. Even in the current recovery, the bears have shown flashes of their presence in the market. April has been the best month so far in 2019 for the cryptos. Bitcoin and most altcoins gained significantly after the April 1-2 bullish breakout. Bitcoin gained 30% in April when it broke above 4000 to hit close to 5500 yesterday. The rally was not sustained as the price was knocked down toward 5000 losing 7% in just 12 hours.

The total market capitalization which was at $133 billion at the start of the year almost hit $190 billion this week. The trade volume also surged significantly which showed there are more activities in the market underlying traders confidence.

Is Bitcoin overbought? Since the rally started in December, the talk of market recovery was less loud than we now have. The surges seen in April brought out the crypto bulls confidence that price should be heading for new all-time highs. We reported the opinions of some well-respected crypto-bulls. However, there are two sides to market analysis. Despite the bullish run, a good number of crypto-bears have also discussed the possibilities of the market being overbought. Whether this will lead to new lows or just another sharp declines above December lows remains to be seen.

On 5th April, Bloomberg Intelligence analyst displayed a technical indicator which has been fairly accurate in predicting Bitcoin overbought levels since the bearish market started in December 2017. According to the so-called Bitcoin Global Strength Indicator (GTI), the BTC price is currently at its most overbought level since the bearish run started. Bitcoin dropped from 5450 to 5050 since yesterday. If the price drop continues, how far will it go? Lets get perspective from another technical methodology.

Bitcoin Elliott wave analysis Elliott wave theory has been very effective for predicting Bitcoin price moves. This is happening probably because there are not so many fundamental factors - the crypto market is currently driven by mass-market psychology and sentiments which fit the theorys narratives. In the last update, we spotted a triangle that indicated a rally toward 5600 is incoming. Price broke upside as expected, close to 5500 but dropped quickly.

BTCUSD - Road to recovery? To accept that prices have bottomed and completed the bearish phase, a motive wave should be clearly visible from the lows. A bullish impulse wave or leading diagonal pattern. Once this is confirmed, we would expect a 3-wave bearish correction before further rallies. How have these played out? Ver matéria

 

 

China is kicking out Bitcoin mining — what happens next

China’s National Development and Reform Commission (NDRC) released guidance (PDF in Chinese) on Monday that includes shutting down Bitcoin mining — and even the manufacture of mining hardware. From the South China Morning Post:

Industries in the eliminated category include those seen as wasting energy or polluting the environment, according to rules enacted by China’s cabinet in 2005. Investment and loans in those industries are banned. During the elimination period, authorities are allowed to raise electricity prices for relevant businesses to force them to close. The manufacturing, sale, and use of products in the eliminated categories are also prohibited.

Bitcoin mining is one of the sectors to be eliminated immediately.

This isn’t new — China started pushing the miners out over a year ago.

Why China hates Bitcoin

China has been slowly pushing Bitcoin out for a while now, particularly since the People’s Bank of China (PBOC) shut down the exchanges — they were worried that foolish crypto speculators might somehow mess up badly enough to affect the real economy.

Bitcoin mining moved to China because it had some of the cheapest commercial electricity in the world — 2.9 to 4.3 cents per kilowatt-hour. But quite a lot of Bitcoin mining in China ran off stranded surplus generation capacity, both hydroelectric and coal — power plants that weren’t well-connected to the national grid, or were in already-oversupplied areas, so the electricity wasn’t useful for anything else.

The national grid is much better connected now, and they don’t have so much stranded capacity. So the PBOC started pushing miners out in January last year.

Some are already saying the Bitcoin shutdown is meant to stop capital flight in the form of bitcoins — where you buy electricity for mining in yuan, then sell the bitcoins for dollars. But this seems to have been negligible — the Council on Foreign Relations says that “Bitcoin may have been a proxy for downward pressure on the yuan, but bitcoin outflows only ever made up a very very small amount of Chinese capital outflows.” Local analysts were also sceptical that this was ever much of a thing. Ver matéria

 

 

Bitcoin Price Could Absolutely Crash Below $3,000: Crypto Pioneer

Bitcoin’s April rally has captured the attention of observers both inside and outside crypto–land, with the price perched above $5,200 once again. Blockchain pioneers are confronting the pop, even if they have different views on what it means.

Vinny Lingham, who is at the helm of blockchain identity platform Civic, isn’t convinced that crypto winter is over and wouldn’t be surprised to watch the price retrace its former lows. Binance CEO Changpeng “CZ” Zhao, meanwhile, is an unapologetic bitcoin bull who sees all of the signs that it’s onward and upward from here.

The blockchain leaders are on opposite sides of the bitcoin bull market spectrum. They each joined CNBC’s Crypto Trader Ran NeuNer to discuss what’s next for the bitcoin price.

HomeBitcoin AnalysisBitcoin Price Could ‘Absolutely’ Crash Below $3,000: Crypto Pioneer bitcoin priceCrypto entrepreneur Vinny Lingham said that he can absolutely see the bitcoin price crashing back below $3,000. | Source: ShutterstockBitcoin Price Could ‘Absolutely’ Crash Below $3,000: Crypto Pioneer Gerelyn Terzo 09/04/2019 Bitcoin Analysis, Bitcoin Price News, Crypto, News

LINGHAM: ‘ABSOLUTELY’ A CHANCE BITCOIN PRICE COULD DIP TO NEW LOWS Lingham, who maintained a conservative bitcoin price outlook throughout the bear market, isn’t tossing that winter coat just yet. The Civic chief is not convinced that crypto winter is over, saying he is waiting for the bitcoin price to hold a particular level before he’s ready to concede that the bears have lost control. “I’m not buying any bounce right now that doesn’t go to around $6,200 and stays there for at least 24-48 hours as being the end of the bear market cycle.” While Lingham is willing to suggest that the bitcoin price is near the bottom of the bear market cycle, it could have more bouncing to go. Historically, bitcoin hasn’t escaped a bear market until the price is two times higher than the bottom. Considering that the bitcoin price bottom of the current cycle is $3,100, the cryptocurrency will have the “all clear” when it holds $6,200. Ver matéria

 

 

Fundstrat’s Tom Lee Says the Bitcoin (BTC) Bull Market Is Back

Lee sees Bitcoins recent move above its 200-day moving average as a very bullish sign.

Tom Lee, a serial CNBC contributor and co-founder of market strategy firm Fundstrat Global, believes that the Bitcoin (BTC) bull market is back after this week’s 20% move.

In a recent interview with Bloomberg, Lee broke down where he sees the market going, citing the fact that Bitcoin recently broke its 200-day moving average as a very bullish sign.

While no specifics were provided, Lee noted that he has first-hand knowledge that major investors are beginning to re-enter the crypto markets. “A lot of them sold, in early 2018, that’s dry powder, they’re starting to put that to work,” Lee told Bloomberg.

Back in December, Lee estimated that Bitcoin’s fair value was between $13,800 and $14,800, roughly 180% higher than the current price of $5,061. Ver matéria

 

 

How Long Will Bitcoin Stay Above $5,000?

It is now no longer news that less than a week ago, there was an unexpected and pretty shocking price surge that saw Bitcoin crossing over $5,000 for the first time in about four months.

This spike also affected other coins as their values also increased by a considerable margin. The news came with a lot of excitement for investors and cryptocurrency proponents but also left a sour taste in the mouths of naysayers and people who seemed to always air their distrust of the sector.

However, a recent post by a user named ‘Smilinmong’ on the r/CryptoCurrency thread on Reddit seems to predict a change in the market and encourages people to be ready for it. The post said:

“Three 7,000 BTC buy orders were the catalyst for this recent pump. That’s 0.1% of the supply bought up instantly. In 416 days the number of bitcoin created every 24 hours cuts in half. 328,500 LESS bitcoin will be created per year. This pump was just the start. Be ready.”

Will there be a Dump in the Near Future? There are many reports that have corroborated Smilinmong’s claim that an unprecedented amount of BTC was bought at the same time. The whales surprisingly moved these huge amounts – which constitutes 0.1% of the entire available BTC – from some major exchanges to unknown wallets.

This is a significant cryptocurrency pump that saw the price rising considerably. Regardless it is necessary to consider the likely effects of a possible and almost inevitable dump. Anyone who has any interest in the sector – especially hodlers – has to wonder what will happen when the movers and shakers decide to dump their BTC.

How will the next Bitcoin Halving Impact the Market? The current price which is still above $5,000 is a little exciting but is still nothing compared to the all-time high price of $19,783.06 which happened in December of 2017. However, with just a little over 400 days left till the next halving, there’s a chance that there’s still good time before a dump occurs.

It’s still too early to predict definitively, how people will react but a fair question to be asked is – how long will BTC stay above $5,000? A few months ago when it was below $4,000, there were some predictions by analysts that any surge that shoots the price above $4,500 will make it almost impossible for the price to ever drop below $4,000.

However, with the possibility of a dump and the halving coming next year, one might wonder whether or not these predictions should be taken with a pinch of salt. Ver matéria

 

 

Bitcoin Price Could Soon Surge to $7,000

This week has been a big one for Bitcoin.

The price of the world’s largest cryptocurrency by market capitalisation soared 20 percent in under an hour on Tuesday.

Following a period of time in bear territory, there is a mounting sense that Bitcoin is back.

So much so, I’m calling that the cryptocurrency market has bottomed, and the crypto winter has reached its end.

It’s my view that Bitcoin will now move up over the coming weeks and months, leading to steady gains for investors. With Bitcoin being the largest digital currency by market cap, this will have a positive effect on prices in the broader digital currency sector.

In the early of hours of Tuesday, London time, the price of Bitcoin surpassed the $5,000 mark, the highest point since November last year. Other major cryptocurrencies, such as Ethereum, XRP and Litecoin have experienced gains of around 10 per cent.

As such, this remarkable leap could potentially attract a large number of investors who have been waiting on the side lines.

Furthermore, it will likely rekindle institutional interest.

At the end of last year, I was quoted saying Bitcoin and other leading digital currencies were on the verge of a global breakout, predominantly due to FOMO, or the fear of missing out.

Indeed, cryptocurrency adoption is continually increasing. This is indicated not just in the financial sector – with major banks looking toward crypto and blockchain more and more – but also some key names within the technology and retail sector as well.

There is a rising perception amongst institutions that unless they truly embrace crypto and get behind the sector, their competition could advance, move out in front, making it incredibly tough to catch up. Of course, this is certainly the case as their customers are becoming increasingly keen to consider cryptocurrency opportunities.

As it stands, it is now widely regarded that cryptocurrencies are inescapably the future of money, and right now the environment is right for a prolonged rise in prices.

Therefore, I believe we could realistically see the price of Bitcoin reaching $7,000 over the next few months.



Read Newsmax: Bitcoin Price Could Soon Surge to $7,000 | Newsmax.com Ver matéria

 

 

What Just Happened To Bitcoin BTC? Crypto Analysts Explain

What. The. Hell.

As reported by Ethereum World News earlier today, Bitcoin (BTC) suddenly spiked straight out of left field. Within minutes, the cryptocurrency found itself above $4,200 after trading right under that resistance level for a number of days, even weeks. While BTC breached $5,000 for a brief period during Tuesday morning’s sudden spike, the market has since pulled back slightly to $4,650, as buying pressure has subsided from the Asian and European markets.

However, some are hopeful that with the opening of the American trading session, investors across the pond of Europe on Wall Street will be subject to FOMO, thereby creating a second wave of buying pressure. It isn’t clear if this will occur, as some have postulated that this move was a result of always-on bots, but crypto investors across the board are rather hopeful.

Bitcoin Analysts Explain

Save for a few soothsayers, this move caught many traders with their pants down. In fact, crypto Youtuber Sunny Decree recently joked that he recently made the “worst trade since [he] got on Youtube”, as he shorted $4,200. The fact is, there wasn’t a clear fundamental catalyst that drove this move. Sure, fundamentals for the ecosystem have recently been booming, with there being continual macro factors, institutional announcements, and technical developments that have been an underlying boon for the industry. But, many are sure that Tuesday’s move, which brought BTC from $4,150 to $4,650 — a move of ~14% — was a result of pure technicals.

In response to a comment about the sentiment that CNBC is going to cover the crap out of this Bitcoin news tomorrow, industry trader The Crypto Dog explained that this move was simply price seeking liquidity. With there being relatively little volume, as seen by the lack of a large green candle below, this might not have been the ‘whale buy order’ that some looked to. And once $4,200 was breached, there was little friction in the order books in the mid-$4,000s, in spite of there being important resistance zones in that region. Thus, a short squeeze, or “cascading liquidations” as The Crypto Dog called it, perpetuated Bitcoin’s brief spike to $5,000+. Ver matéria

 

 

Reuters: One ‘mystery’ buyer pushed Bitcoin over $5,000 20,000 BTC was bought with algorithmic buy orders

Bitcoin $BTC▲13.64% has been pumping. Over the past six hours, its value has jumped as much as 20 percent, and a recent report has claimed a “mystery buyer” is responsible. During Asian trade, Bitcoin‘s value broke $5,000 for the first time since November last year, marking the biggest one-day gain in the past year, Reuters reports. Trade has since calmed, with the price remaining steady at around $4,700 across major exchanges. The last time Bitcoin was over $4,500 was back in November 2018, around five months ago. Oliver von Landsberg-Sadie, head of a cryptocurrency brokerage firm, told Reuters the movement was likely the result of a single buyer, who used a computer algorithm to trigger the purchase of $100 million worth of Bitcoin spread across a number of exchanges. Ver matéria

 

 

Bitcoin Price Surges 13% in 30 Minutes

On Tuesday (April 2), around 07:20 UTC+1, the Bitcoin (BTC) price started a fast and furious rise to $4,740, an increase of over $542 in 30 minutes.

At press time (08:10 UTC+1), according to CryptoCompare, the BTC price has retracted slighly from its intraday high to settle around $4,679.1, i.e. an increase of 13.1% in the past 24-hour period:

Ver matéria

 

 

Altcoin Price Movements Suggest Potential Crypto Market Sentiment Reversion

The cryptocurrency market appears to be making a recovery as the prices of several altcoins surged by double-digit percentages in the past few weeks. The price of bitcoin, the world’s most dominant cryptocurrency, also appears to be in recovery mode as it’s currently trading above the $4,100 mark - according to CryptoCompare data. According to prominent crypto trader and investor, Alex Kruger, the cryptocurrency bear market “has been over for three months now.” Kruger has also predicted that if bitcoin manages to break past $4,200, then it could potentially “mark the end of the bear trend that started in January 2018.” Kruger: Bearish Trend Could End If BTC Surpasses $4,200 Kruger further clarified that his statements regarding bitcoins price was “not a call.” He explained that from strictly a technical standpoint, the price movements that are considered “bearish” (which began in early 2018) should end if BTC surges past $4,200. Ver matéria

 

 

Crypto Trader Claims All Eyes Should Be On Bitcoin (BTC): Most Important Week Ever

Analyst CryptoBirb recently claimed that the upcoming few days will be of utmost importance to Bitcoin (BTC). In fact, in a recent Twitter comment, he remarked that this could very well be the cryptocurrency’s most importantly weekly close “ever,” as key one-day, one-week, one-month, and one-quarter candles close here. All this also comes as Bitcoin has been testing a resistance trendline, which haunted BTC at $8,500, $6,500, and potentially at $4,200 now.

With there purportedly being “massive moves on blockchain” in recent weeks, likely touching on the uptick in both trading volume and transactional throughput, he writes that the market is getting ready for three scenarios.

Bullish: Birb claims that the bullish scenario will see BTC soon breakout above $4,400, which could easily bring it to $5,200 due to a gap in order book resistance in that range. However, this doesn’t mean that BTC is ‘home free’. The crypto will then need to test $5,800, which the trader sees as the ultimate test as to whether Bitcoin will enter into a bull run or not. $5,800 is, of course, where BTC bottomed in the summer of last year. Fakeout – Neutral: A fakeout scenario would see BTC break above $4,200, an auspicious resistance level, and then fail to surmount $4,400, potentially leading to a scenario where the crypto market range trades for months.

Bearish: Last but not least, this harrowing scenario would see $4,200 get rejected hard, thus leading to a “depression” in the market. This would result in a massive downside wick, potentially bringing BTC between $1,360 to $1,758, before a slow uptrend to an eventual bull market.

Upside? Downside? While CryptoBirb didn’t give an explicit directional forecast, some are sure that upside is in the cards. Technical analyst CryptoHamster recent drew attention to Bitcoin’s one-month chart in a bid to express that market conditions could be improving, believe it or not. He writes that if you factor in the Heiken-Ashi Candle structures, which track trends rather than explicit movements, a breakout could be in store.

The first green monthly candle has been witnessed since April. On top of that, February’s green candle was underscored by a large uptick in volume, preceded by a slow uptrend, leading Hamster to claim that further moves higher could very well be in Bitcoin’s cards.

Filb Filb seems to also be under the impression that the bullish scenario is likely. He recently took to Twitter writing that if Bitcoin repeats the price action it underwent late last year, but reverse, it could spike to $6,000, thus killing the crypto bear that has plagued this market since late-2017.

In another analysis, he opined that the 12-hour moving average convergence divergence (MACD) has trended positive above zero. The chaikin money flow has purportedly signalled that there is underlying buy-side pressure in this market. And, more importantly, the cryptocurrency has begun to make a move on the $4,000 range. Ver matéria

 

 

Bitcoin is about to set another record and this might actually be a good one

Bitcoin has set a number of records over the past year or so, most of them bad, but the most famous digital currency is on the verge of setting a mark that may give crypto pundits something to cheer about. According to Dow Jones Market Data, the monthly trading range of bitcoin for March stands at 7.8%, which if holds, would be the least volatile on record. Volatility is in itself a neutral signal. Historically however, low-volatility periods in BTC have always preceded prolonged bull runs, especially after capitulation moments of high momentum as seen in November and December,wrote Murad Mahmodov, cryptocurrency analyst in a note to MarketWatch. Ver matéria

 

 

Once Breakout Is Confirmed, Bitcoin Could Rally To $5,500

Bitcoin Could Surge By 35% Hopium has seemingly started to return to the crypto market en-masse. Sure, Bitcoin (BTC) and other digital assets are trading sideways, but the sentiiment displayed by cryptocurrency investors is buoyant.

GalaxyBTC, a leading analyst and self-proclaimed accumulation machine, recently revealed why there’s a likelihood that BTC could easily break to $5,500 in the near future.

He drew attention to a study from Thomas Bulkowski, a leading stock market trader. Galaxy states that more than 60% of ascending triangle patterns that are experiencing declining volume break upward. Each of these breakouts yield an average rally of 35%.

In response to Galaxys simple analysis, commenters expressed optimism. Anton Pagi wrote that it looks as though Bitcoin has entered an A&E bottom with a handle pattern, setting a strong precedent that a long-term floor may be in.

It is important to point out, however, that the average pullback if an asset fails to break convincingly above an ascending triangle is 19%, meaning that $3,300 would be the low-end target. Ver matéria

 

 

Bitcoin Price @ $10,000: BitMEX CEO Predicts Strong Gains in Q4 2019

On BitMEX Crypto Trader Digest, BitMEX CEO Arthur Hayes reaffirmed his prediction for bitcoin, foreseeing the dominant cryptocurrency achieving $10,000 in price by the end of 2019. Previously, in mid-2018, when the sentiment around bitcoin was still generally optimistic, Hayes said that the asset had not found its bottom and is likely to fall below $5,000. Now, a newsletter sent from the desk of Hayes read: Join CCN for $9.99 per month and get an ad-free version of CCN including discounts for future events and services. Support our journalists today. Click here to sign up. Green shoots will begin to appear in early Q4. Free money and collective amnesia are powerful drugs. Also after two years of wage cucking, punters should have a few sheckles to rub together. The 2019 chop will be intense, but the markets will claw back to $10,000. That is a very significant psychological barrier. It’s a nice round sexy number. $20,000 is the ultimate recovery. However, it took 11 months from $1,000 to $10,000, but less than one month from $10,000 to $20,000 back to $10,000. Melissa Lee peep this. $10,000 is my number, and I’m stickin’ to it. At the time of writing, the bitcoin price just remains above $4,000. WHY $10,000 BITCOIN BY 2019? Even before bitcoin reached its all-time high at $20,000 in late 2017, the $10,000 level was considered a psychological barrier by many cryptocurrency analysts. As soon as bitcoin broke the $10,000 level for the first time, it experienced an exponential increase in price to an all-time high at $20,000. Considering the 15-month correction the cryptocurrency market has gone through, analysts and industry executives including Hayes do not expect bitcoin to complete the ultimate recovery to $20,000 by the years end. Hayes emphasized that no asset goes up or down in a straight line and that the level of volatility of cryptocurrencies could remain low throughout the upcoming months. But, Hayes said that the asset could begin to recover by the years end, as it approaches the two-year mark since the beginning of its correction in early 2018. All is not lost; nothing goes up or down in a straight line. 2019 will be boring, but green shoots will appear towards year end. The mighty central bank printing presses paused for a while, but economic sophists could not resist the siren call of free money, Hayes wrote. An optimistic long-term forecast of bitcoin by Hayes could be considered a positive indicator of recovery because as Hayes noted in the past, BitMEX does not necessarily need the price of bitcoin to sustain its revenues. As a cryptocurrency trading platform with margin trading options, BitMEX benefits from any kind of volatility and it is of less importance whether bitcoin drops or rises in price in the short-term. VARIOUS FUNDAMENTAL CATALYSTS In recent months, as reported by CCN, the daily volume of bitcoin and the rest of the cryptocurrency market has increased substantially, suggesting an overall increase in trading activity in the cryptocurrency market. 1-Year Bitcoin Price Chart With Volume (Source: Coinmarketcap.com) Bitcoin-focused businesses in the likes of Bakkt have been able to either expand their ventures rapidly or secure large valuations amidst arguably the worst bear market in the history of the cryptocurrency market on paper. On Thursday, according to a report by The Block, ICE’s Bakkt, which is set to launch a bitcoin futures market by mid-2019, secured a $740 million valuation. Bakkt securing a $740 million valuation without having opened a bitcoin futures market shows that investors are confident the volumes of Bakkt, when launched, would be able to generate sufficient revenues. The Bitcoin network is also approaching a block reward halving in 2020 and historically, bitcoin has tended to see an increase in price a year before a having occurred. A decline in the block reward leads to an increase in the price of bitcoin because it reduces the rate in which new bitcoin is generated, declining the available supply in the exchange market. Ver matéria

 

 

Bitcoin At $400,000 Isnt A Fools Paradise, Claims Crypto Analyst

Analyst Calls For Bitcoin To Breach $100,000 Or Even $400,000 In Next Rally Its been over 15 months since Bitcoin breached $20,000. And since then, mainstream media, cynics, and representatives of traditional institutions have done their utmost to put down cryptocurrencies.But, industry commentators have kept their heads high, as they await BTCs next move higher. Naeem Aslam, a crypto-friendly analyst at Think Markets, recently divulged his thoughts on the current state of the digital asset market. Unsurprisingly, he was rather bullish. Ver matéria

 

 

Bitcoin Price Analysis: BTC/USD another big dangerous test by the bears

Bitcoin price back in the control of the market bears, nursing losses of over 2%. BTC/USD bears are testing the key daily ascending trend line to the downside.

Bitcoin price in the latter part of trading in the session on Thursday, nursing losses of some 2.35%, as the market bears regain control. Cooling has been observed across the cryptocurrency market, as Bitcoin struggles to hold the $4000 price mark.

The bears have been pressing and testing the key daily ascending trend line to the downside. A breach is very possible given the current pressure. The noted running support has been in play since 6th February, a breach could very devastating.

BTC/USD could be victim of chunky selling pressure should the comfort line give way, eyes on $3900, where the trend line is currently tracking. A breakout south could open the door to a retest of $3000 to the downside. Ver matéria

 

 

Bitcoin Price Predicted To Hit $6000 In The Coming Weeks

Ever since the bear market started, cryptocurrencies, in general, have had their values significantly lowered and continuing struggle to regain their former glory.

For example, the last few months have seen the price of Bitcoin staying pretty dormant and fluttering up and down by very ignorable margins.

However, the sector is currently awash with excitement as Bitcoin, on Monday, successfully rose above the $4000 mark and some even expect it to rise even higher.

Even though its the recent peak of $4050 is still a long way behind its all-time high price of $19,783.06, stakeholders are generally hopeful that things would eventually improve significantly.

Possible Rise in Bitcoin Price Cryptocurrency analyst, trader, and organizer of the upcoming Understanding Bitcoin Conference – Tone Vays – has expressed optimism about the future of Bitcoin. According to Vays, if Bitcoin continues to rise steadily enough that it crosses the $4200 mark, it could mark the beginning of substantial improvements for the crypto. Ver matéria

 

 

Dubai sees 1st Bitcoin ATM at Rixos Premium on JBR

Dubai – Mubasher: The emirate of Dubai has seen the installation of the first Bitcoin ATM at the five-star Rixos Premium Dubai Hotel at JBR.

The move enables residents and tourists to buy Bitcoin through an ATM using just cash, Khaleej Times reported.

At this kiosk, you just insert cash and you get Bitcoins instantly. It is possible to purchase Bitcoins through banking platforms and debit cards already but since we accept cash, it is very different. This is the first commercial Bitcoin kiosk in the city, Anhad Dhingra, CEO of Amhora, which holds the licence for the ATM, commented.

He added that customers will need an Emirates ID or passport to sell the digital currency later, and no documents needed to other than cash buy the Bitcoin.

Dubais Department of Economic Development has licensed the newly installed ATM.

Dhingra pointed out that the option of selling bitcoin via the ATM is also in the works and should be available in the coming months. Ver matéria

 

 

Top Cryptos Look Stable as Bitcoin Hovers Over $4,000

Sunday, March 17 — the top 20 cryptocurrencies are reporting very slight gains and losses on the day by press time. Bitcoin (BTC) has pushed back just over the $4,000 mark, according to CoinMarketCap data. Ver matéria

 

 

Market visualization from Coin360

At press time, Bitcoin is down under a quarter of a percent on the day, trading at around $4,037, according to CoinMarketCap. Looking at its weekly chart, the current price is over 2.4 percent higher than the price at which Bitcoin started the week. Ver matéria

 

 

Bitcoin Likely To Close The Week Above $4,000 But Uncertainties Loom Over

Bitcoin (BTC) is expected to finally close the weekly candle above $4,000 given its current outlook. The 1H chart for BTC/USD shows that the price has ample room to shoot towards the top right of the bullish gartley formation before the weekly close. This would set the ground for a steady decline in the weeks ahead as the bears assume control. However, this time around things are not so simple. While the bulls are not in charge, the bears seem to be losing control as well as the number of margined shorts has just topped out and we could see a strong decline in sell pressure starting next week. This means that the decline from $4,000 or higher to begin the fifth corrective wave to the downside might not be so simple and straightforward.

Considering that a lot of traders are expecting a sharp decline now that BTC/USD seems to have topped out on the weekly time frame, we expect that the whales might lure some bears into opening margined shorts at this point just to liquidate their positions soon afterwards. This would come in the form of a short squeeze which would result in margined shorts liquidated or forced to close which will lead to a bug spike in BTC/USD. That might end up trapping some bulls and only then the whales would pull the plug and force the price to decline. We could have seen the decline last week as well but the setup was not as confusing so the whales removed all hope of a decline by pulling the price around the weekly close so as to prevent a close above $4,000. Ver matéria

 

 

Bitcoin Inches Towards $3,900 Again. Is the Market Determined to Soar above $4,000?

Last week, the cryptocurrency market experienced quite a lot of price adventure. However early this week, the adventure was reversed so that Bitcoin (BTC) the leading cryptocurrency crashed to $3700 from last weeks Over $4,000 after hanging above $3,800 for some time However a few hours ago, the market has started to recover and Bitcoin is well over $3,800 at press time.

This is the first time in months since 2018 when BTC rose above $4,000 and crashed but established a resistance above $3,700 for a few days and started recovering again, rising above $3,800 within 24 hours. Although too early to say if this is a potential bull run, it is indeed remarkable and a good sign for the cryptocurrency and the market as a whole.

A closer look at the price of Bitcoin and Ethereum (ETH) also reveals something strange. The price growth has been disproportionate. ETH has always surged at a rate that seems to correspond with that of BTC. For instance in last week’s green market, at the price of $3,743 for Bitcoin, ETH was somewhere around $137. However, according to Coin Market Cap, BTC is currently trading at precisely $3,883.08 while Ethereum is at $135.42. What could be responsible for BTC’s relative speed?

According to an article published by marketwatch yesterday 4th of March, 2019 BTC trading patterns show a striking resemblance with those between 2011 to 2015 and 2015 to 2019. According to analysts Michael Graham and Scott Suh of Canaccord Genuity Capital Markets, if these patterns continue then Bitcoin will be heading to its all time high price of $20,000.

Looking ahead, if bitcoin were to continue following the same trend as in the years 2011-2017, the implication is that bitcoin would be bottoming approximately now and would soon begin climbing back towards its all-time high of ~$20,000, theoretically reaching that level in March 2021,they wrote. Ver matéria

 

 

Bitcoin Price Plunge to $1,000 is Possible, Say Traders; Could it Happen?

Since January, for over two months, Bitcoin has remained in a relatively tight price range from $3,200 to $4,000, unable to break out of key resistance levels above $4,200.

Similarly, from September to November, in an identical time frame, Bitcoin maintained low volatility in the $6,100 to $6,700 range.



The last time the dominant cryptocurrency showed an extended period of stability, it dropped from the $6,000 region to $3,122, by nearly half.

Some traders have suggested that BTC could become vulnerable to a similar downside movement in the near-term if it fails to demonstrate momentum.

MOMENTUM IS KEY, BITCOIN HAS TO BREAK OUT OF $4,000 Historical performance is not a guarantee of an assets future performance and as such, it has to be only cited as a reference.

In late 2018, Bitcoin did show weakness after falling from $6,000 to $3,122 in a short time frame following two months of low volatility.

But, during that period, the sentiment around cryptocurrencies as an asset class was on the decline and investors were still recovering from the intense 85 percent correction of the crypto market.

HomeBitcoin AnalysisBitcoin Price Plunge to $1,000 is Possible, Say Traders; Could it Happen? Bitcoin, bitcoin priceCould bitcoin price sink even further before finally steering clear of the ongoing bear market? | Source: ShutterstockBitcoin Price Plunge to $1,000 is Possible, Say Traders; Could it Happen? Joseph Young 03/03/2019 Bitcoin Analysis, Bitcoin Price News, Crypto, News

Tweet Share Since January, for over two months, Bitcoin has remained in a relatively tight price range from $3,200 to $4,000, unable to break out of key resistance levels above $4,200.

Similarly, from September to November, in an identical time frame, Bitcoin maintained low volatility in the $6,100 to $6,700 range.

The last time the dominant cryptocurrency showed an extended period of stability, it dropped from the $6,000 region to $3,122, by nearly half.

Some traders have suggested that BTC could become vulnerable to a similar downside movement in the near-term if it fails to demonstrate momentum.

MOMENTUM IS KEY, BITCOIN HAS TO BREAK OUT OF $4,000 Historical performance is not a guarantee of an asset’s future performance and as such, it has to be only cited as a reference.

In late 2018, Bitcoin did show weakness after falling from $6,000 to $3,122 in a short time frame following two months of low volatility.

But, during that period, the sentiment around cryptocurrencies as an asset class was on the decline and investors were still recovering from the intense 85 percent correction of the crypto market.

Financial Survivalism @Sawcruhteez The longer we stay stuck in this range the more I feel like we will mirror the price action from September 20, 2018 - November 25, 2018. This is what that would look like. $BTC #Bitcoin Moreover, at $6,000, Bitcoin was down about 70 percent from its all-time high at $20,000 and most investors were confident that the asset had not established a proper bottom.

Throughout the past five corrections, BTC has tended to drop by around 85 percent on average from its all-time high to find a bottom to initiate an accumulation phase.

As cryptocurrency technical analyst with an online alias Hsaka suggested, when zoomed out, the price chart of BTC demonstrates the asset’s resilience from steep corrections and its ability to recover in longer time frames. Ver matéria

 

 

Bitcoin Could Top 102K During The Next Crypto Bull-Run According To Past Market Cycles

Right from the early days of bitcoin, skeptics including world leading media outlets have always had a truckload of negative comments to say about the world’s most popular cryptocurrency. However, despite all the predictions of the inevitable end of the digital currency, BTC keeps growing strong over the years.

Although the crypto winter of 2018 has left many enthusiasts scratching their head, thinking of when the next Bitcoin price peak would be, a new historical report following this thread suggests that the price of Bitcoin could hit at least $102,000 per coin when it does happen.

A stroll down the memory lane A Forbes story in 2011 titled So, Thats the End of Bitcoin Then falsely predicted the end of Bitcoin, an event which sent the value of bitcoin to $15 from a price of $31.



According to the story, the Bitcoin bubble has burst and it will crash & disappear like Pets.com & Lehman Brothers, existing only in the memories of Economists.

In 2015, Jamie Dimon, CEO of JPMorgan dismissed Bitcoin when it slumped from $1,100 to $395, predicting that the digital currency will not survive over the long run and that people are only wasting their time.



However, four years after bashing bitcoin, JPMorgan announced the launch of its own cryptocurrency dubbed JPM coin. In 2018 when bitcoin dropped to $3,432 from an all-time high of almost $20,000, another Forbes story predicted that it was the beginning of its inevitable & inexorable death spiral. Future generations will read about bitcoin in a finance textbook as a curiosity & wonder what all the fuss was about. Ver matéria

 

 

Crypto Boomed Four Times Already, Bitcoin (BTC) Rally Seems Inevitable

If Trends Are Follow, Bitcoin Could Reach $336,000 Eventually Since Bitcoin (BTC) began to fall in early-2018, posting losses that would make even the most ambitious speculators cringe, mainstream media has claimed that the cryptocurrency is dead. In fact, over the past year, the number of Bitcoin obituaries has increased by dozens, if not hundreds, as the incumbents of the legacy world see the embryonic asset class as all but dead. But, as crypto personality $carface recently pointed out, this is far from the first time that BTC fell dramatically, as the general public banged the Bitcoin is dead drum. In a recent thread, the notable analyst explained that a minimum of over four times, BTC rallied parabolically before a drastic drawdown. The move from $20,000 to $3,150 was just the most recent cycle. Ver matéria

 

 

Vitalik Buterin Compares Bitcoin and Ethereum: BTC is Like a Calculator, ETH is Like a Smartphone

For Vitalik Buterin, creator of Ethereum, his project holds many advantages over Bitcoin, and he proudly illustrates with simple words why that blockchain 2.0 has enough merits to be the most important altcoin in the global marketcap. ETH: A Project Born As An Evolution of BTC In an interview for Business Insider, the mastermind behind ETH explained that he was initially quite involved in the Bitcoin community. Over a period of about two years, he not only began to actively participate in the community but also engaged in various crypto-related projects until he eventually left the university to become fully involved in activities related to the development of blockchain technologies. He later realized that Bitcoin could evolve. He began to study the possibility to expand the capabilities of Bitcoin but eventually decided to take one step further, developing a new, more efficient blockchain. The evolution that began with the Ethereum project opened a framework of options for users in the same way that smartphones changed the way society behaves. Soon after (dropping the university) I started to realize there were a lot more interesting things that you could do with blockchains than just a single peer to peer currency. And it was something that other people were starting to recognize at the same time. I came up with the idea behind Ethereum, this idea that blockchain was a built-in programming language as kind of what I thought was the simplest and most logical way to actually build a platform that can be used for many more kinds of applications. BTC is a Calculator, ETH is a Smartphone The creator of ETH compared the differences between both blockchains as the ones of a pocket calculator vs. a Smartphone. While BTC can do one thing very well, ETH -being Turing complete- gives users and developers a broader framework of possibilities thanks to Smart contracts and dApps: Think of the difference between something like a pocket calculator and a smartphone, where a pocket calculator does one thing, and it does one thing well. But really, people want to do all these other things. And if you have a smartphone, then you have a pocket calculator as an app, you have a music player as an app, you have a web browser as an app, and pretty much everything else. So basically, taking that same kind of idea of increasing the power of the system by making it more general purpose and applying it to blockchains. Ver matéria

 

 

Federal Reserve Bank Stands Prepared to Study Collapse of the Bitcoin Market

When the Federal Reserve conducts stress tests to measure risk in the U.S. financial markets, it may study extraordinary events like a collapse in the Bitcoin market.

Indeed, the U.S. central bank has recognized Bitcoin as potentially being a salient risk to the market at-large.

Since the 2009 Great Recession, the Federal Reserve has been constantly on the prowl for detecting where the next economic meltdown might occur. Congress and the Obama Administration passed the Dodd-Frank Act, which made it a law for the Fed to run these stress tests moving forward.

SALIENT RISKS According to a new policy rule for the Federal Reserve, studying historical patterns is not enough to figure out where the next market panic might break out. Instead, the central bank is heeding recommendations to consider extraordinary shocks, such as a war with North Korea, the collapse of the Bitcoin market, or major losses caused by trader misconduct.

According to the Board of Governors of the Federal Reserve Systems newest Final Rule:

Similarly, a commenter expressed support for the incorporation in the stress test of shocks unlike those already experienced, since firms should be prepared to withstand events beyond those already endured. The commenter recommended that the Board consider extraordinary shocks, such as a war with North Korea, the collapse of the Bitcoin market, or major losses caused by trader misconduct, in its scenarios.

The current policy statement states that it may be appropriate to augment scenarios with salient risks, as approaches that only look to past recessions or rely on historical relationships between variables may not always capture current risks to the economic environment.

Where appropriate, the Board intends to continue augmenting the scenarios with risks it considers to be salient.

Since it started conducting stress tests, the Fed has studied the possibility of failure in the corporate sector and the U.S. housing market, a rapid slowdown in Chinas growth, dramatic changes in oil prices, major economic contraction in the euro area, and “stresses” in emerging economies.

Once the Fed starts to monitor Bitcoin, its really not that far of a jump for the U.S. central bank to get involved in that market. Ver matéria

 

 

Bitcoin vs. Ethereum: How Are They Different?

You may have heard of Ethereum. You ve almost certainly heard of Bitcoin. You may even have heard of people making fortunes off of them. What you may not have heard is what exactly these two projects are. What Are Ethereum and Bitcoin? Ethereum and Bitcoin are two different versions of the same underlying concept called a blockchain token. Each was invented to work as a virtual currency. To understand how these two projects work and differ, you first have to understand the concepts of blockchain and virtual currency. Ver matéria

 

 

Bitcoin price update: trend still undecided?

Bitcoins price still continues to bounce around the $3,000-4,000 range, failing to provide a convincing upswing to signal a definite new trend. However, the price has seen a bit more movement lately than during the prior days of intense consolidation. Ver matéria

 

 

Long Term Predictions: Will BTC Reach $100,000?

Ten years ago, a new mysterious digital asset came into the world known as Bitcoin. No one knew who built it, all we know is that it came from someone using the code name, Satoshi Nakamoto. The world has been speculating the long term value of Bitcoin ever since its creation.

Despite the current bear market sent Bitcoin close to $3,000, from its all-time high of $20,000, there is still believer out there that the leading cryptocurrency will reach over $100,000 and maybe even hit a million dollars.

One of these people that is the popular crypto investor and top author on the TradingView site. MagicPoopCannon asked a question to his some 21,000 followers on Twitter in the hope to find out what the collective crypto investing community thinks Bitcoin’s long-term value will reach.

For my long term view, I see Bitcoin going to at least $100,000 within four years. I think it could even reach $150,000 in that time. Eventually, I believe it could surpass $1,000,000. Where do you see BTC going in the long term?

— MAGIC (@MagicPoopCannon) February 26, 2019 Ver matéria

 

 

Chinese Bitcoin Miners Set to Activate One Million Mining Machines

A Chinese miner named Xu Feng has recently stated that as the season starts turning in various Chinese provinces, up to one million mining machines may start mining bitcoin, a move that could see its hashrate move up.

According to local news outlet 8BTC, Feng stated that as the raining season starts in May, cryptocurrency miners have been looking to set up operations in China since the beginning of the year. Per his words, the facilities in which he’ll be running his miners is fully booked – even though some areas are still under construction.

large amount of bitcoin mining machines [that were] shut down during Sichuans dry season will start running again in the upcoming wet season. The number is expected to reach 1 million. Ver matéria

 

 

Bitcoin Price Prediction: BTC/USD critical support being tested – Confluence Detector

Bitcoin price running within minor gains late on Thursday, up some 0.60%. BTC/USD price action is supported to the upside by an ascending trend line, which has been in play since 8th February. The Bitcoin price is trading in minor positive territory late on Thursday, holding minor gains of some 0.60%. BTC/USD has continued to trade with a generally cautious tone, something seen across the market, since the heavy fall on Sunday. BTC/USD price action has been very much supported by an ascending trend line, which has been running north since 8th February. It had provided the necessary comfort to allow the bulls continuing their current road of recovery. In terms of big barriers, a chunky area of supply can be seen tracking from $4000 up to $4500 price range. The price has not traded comfortably above this since November 2018. Looking via the confluence detector, significant resistance levels to note; $3859.30 daily 5 & 10SMAs, $3899.23, weekly 23.6% Fibonacci. Ver matéria

 

 

Bitcoin rises 2% but demand is still a serious problem, says analyst

What are analysts saying Bitcoin failed to hold on to last weeks rebound [above $4,000] and slipped back under this psychologically significant level. If dip buyers were waiting to pounce on these discounts, they would have done so by now, wrote Jani Ziedins of the CrackedMarket blog.

The latest rebound failing to stick tells us demand is still a serious problem for the cryptocurrency and no one is coming to the rescue anytime soon. Ver matéria

 

 

Top 5 Cryptocurrency Prediction In 2019

It is clear 2018 was a bad year for the cryptocurrency market. The market drop came after the sector witnessed an unprecedented boom in 2017. Many began the year with great anticipation hoping that the impressive trend would continue. However, within the first quarter of 2018, the price of Bitcoin dropped by about 65 percent.

The drop affected all other cryptocurrencies. By the end of the year, the value of Bitcoin had declined by over 80% while other altcoins dropped by more than 90%. The massive drop has been attributed to a number of factors ongoing within the crypto sector. Increased regulation and fears regarding the regulations by SEC might have contributed to the crash. With scammy projects, some investors are opting to stay away from the industry.

However, with 2019 already here, many cryptocurrency enthusiasts are not sure about what to expect. The year has begun with mixed prospects. This leads us to the top five predictions of the cryptocurrency market in 2019.

Bitcoin Bear Market to End Bitcoin has declined by about 84% from its all-time high witnessed in 2017. This trend is almost similar to the 2013/2014 bear market where the rate of decline is the same. At the moment, Bitcoin’s price has bounced off from the 200 weekly moving average. Unlike other bear markets witnessed, the decline and the number of days indicate some correlation. Going into the future, the price of Bitcoin is expected to improve at a slow rate as the market cap grows. This scenario can be attributed to the maturity of the market.

On the hand, many crypto lovers had expected Bitcoin to have another high of $10, 000 by the end of 2018. By July, when Bitcoin was at $6000 support line many traders were hoping the maiden cryptocurrency will show some improvement. However, moving forward, their expectations were not realized. The bears that were late to the party are now calling for sub $1,000 prices. It is clear that market psychology in action. It is also a clear indication that the end is near for the bear market.

The market should not expect another Bitcoin bull market in 2019 but rather a slow grind sideways. Based on the bear market data available, the market can predict the period until we have a new Bitcoin high. Based on this prediction, we can only experience new highs and resumption of the bull market within the first quarter of 2021. Ver matéria

 

 

Bitcoin to the Moon Signs Appear on Ukrainian Tram

LED signs flashing the text Bitcoin to the Moon have been spotted on a tramcar in the Ukrainian city of Vinnytsia. Pictures of the signs appeared on social media just as the National Bank of Ukraine announced that it has completed a pilot project to launch its own digital currency called e-hryvnia. Ver matéria

 

 

John McAfee Affirms One Bitcoin Will Equal a Million Dollars Before The End of 2020

A British-American Programmer and the founder of McAfee Association declared with all assurance that one bitcoin will equal a million dollar by the end of December 2020. Speaking in an interview, the programmer said he will eat his private part if his prophecy doesnt come to pass. People are waking up to the fact that Bitcoin will be $1,000 000. But when? Someday. Maybe 5 years. WIthin a decade. Im the only one giving you a hard date Dec 31st, 2020. Ver matéria

 

 

Bitcoin Drops to $3,800

Bitcoin, the number one cryptocurrency by market cap is on its way to close its 10th consecutive session below the $4,000 mark, which has been seemingly acting as a resistance since December 28. According to CryptoCompare data, BTC is currently trading at roughly $3,800 after falling 0.65% in the last 24-hour period. Remaining below the $4,000 mark has taken its toll, as in the last two weeks it’s now down 5.33%. Ver matéria

 

 

Bitcoin Cash Is up 84% in Two Weeks

Bitcoin Cash (BCH), a cryptocurrency created through a hard fork of the Bitcoin (BTC) network in August of last year, has been rising at an impressive pace in the last few days, and is currently up over 85% in the last two weeks.

According to CryptoCompare data, BCH went from a $74 low to nearly $230 in only a few days, and has since seen its price drop back down to $196, where it’s trading at press time. The cryptocurrency has notably dropped about 98% from its all-time high of $4,000 before this recent rally. Ver matéria

 

 

Bitcoin Price Crash Forces the Chinese Miners to Sell Their Equipment As Junk

It is not only the HODLers who are affected by the recent dip in the price of bitcoin, as a report by International Times, published November 23, 2018, posits that cryptocurrency miners in China are selling their expensive mining rigs at giveaway prices. Bitcoin Miners Not Able to Breakeven It appears that shine associated with cryptocurrency mining is steadily waning off, as a recent report states the crypto market slump has forced miners in China to sell their expensive machines in second-hand markets to realize their scrap value. The reason for such a drastic measure is not too hard to guess, as the miners are no longer able to cover up the electricity costs incurred while running these machines. Bitcoin mining rigs are infamous the world over for the amount of power they consume. In fact, a number of organizations and personalities have voiced their concerns over its impact on global warming. However, one of the major counter-arguments laid by crypto proponents was that of increased earning opportunities due to mining activities. Unfortunately, news of miners selling their equipment at scrap price doesn’t bolster this argument. It is worse for people who got into the mining business after bitcoin came into prominence in late 2017. Machines bought at prices close to $2900 are hard to sell for even $15 in 2018. Ver matéria

 

 

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