Bitcoin

BTC Price Analysis: Bitcoin Preparing For A Heavy Breakout, Decisive Confirmation Above $9650 Incoming

June 10th, 2020

BTCUSD is moving in a symmetrical triangle that is at its high end currently The longer such a triangle consolidates the heavier the breakout will be. BTCUSD is trading above the 20 and 55-EMA which gives the structure more bullishness than bearishness. This can firstly indicate a breakout to the upside as the trend consolidation is above…

Data Shows Bitcoin Options Markets Are Maturing Much Faster Than Futures

June 10th, 2020

Data from the crypto analytical firm Skew.com shows that bitcoin options are maturing much faster than the futures markets launched in December 2017. Skew’s data shows that the open interest in bitcoin options has risen significantly in the last few months. Bitcoin options “are starting to play catch up with the more mature futures market,”…

Bitcoin Price At The End Of Consolidation: BTC/USD Targets $10,500 and $11,000

June 9th, 2020

Bitcoin price takes a pit stop at $9,600 after hitting a wall at $9,900. The consolidation could eventually give way for gains above $10,000 as trading volume spikes. Bitcoin price continues to extend the consolidation period after it hit a snag slightly under $9,900 during the weekend session. It became difficult to hold above $9,800,…

Bitcoin Price Analysis: Two Bullish Scenarios But Is $10,500 Possible Ahead Of The Weekend Session?

June 8th, 2020

Bitcoin lags triangle breakout as consolidation takes over. BTC/USD breakout above both channel and triangle resistance could open the way for gains to $10,500. Bitcoin’s falling triangle pattern failed to work out as expected. An attempted breakout did not materialize during the weekend session as Bitcoin upside was capped under $9,900. Fortunately, downward price actions…

Pablo Escobar’s Descendants Claim to Have Known Satoshi Nakamoto

June 7th, 2020

Reports stemming from the financial columnist, Greg Thomson and the family of Pablo Escobar, claim the Escobar’s know the mysterious creator of Bitcoin. Allegedly, the notorious Escobar’s say that Satoshi Nakamoto was once known as a man named “Yasutaka Nakamoto.” On June 6, 2020, an interesting theory emerged that claims the family of Pablo Escobar…

Trump Predicts US Economy to Recover by 2021 — Fed Chair, Economists Disagree

June 7th, 2020

President Donald Trump has predicted that the US economy will recover by 2021, citing new jobs data released by the Labor Department which contains a “misclassification error.” Officials say the numbers are artificially low, and Federal Reserve Chairman Jerome Powell and several economists have voiced their concerns. Trump Thinks US Economy Will Recover Next Year…

Bitcoin Price Analysis: BTC/USD Spikes Above $9,800, Is $10,000 The Next Stop?

June 5th, 2020

Bitcoin price renews the trend towards $10,000 after reclaiming the ground above $9,800. BTC/USD is trading within the confines of an ascending channel whose support remains key in the fight to $10,000. Bitcoin bulls have been keen on pulling the price above $10,000 in spite of the lock-step trading experienced this week. First, there was…

Bitcoin to Rise to $20K This Year Spurred by Government Money Printing and Covid-19: Bloomberg

June 5th, 2020

Bloomberg has forecast bitcoin to reach its record high of $20,000, and possibly $28,000, this year. According to the company’s June Crypto Outlook report, “something has to really go wrong for bitcoin not to appreciate in value.” Bloomberg points to quantitative easing and the coronavirus pandemic as the fuel behind bitcoin’s maturity, particularly when benchmarked…

Bitcoin Price Analysis: BTC/USD To Top $20,000 By The End Of 2020 – Bloomberg Analyst

June 4th, 2020

Bitcoin stops under $9,700 en route to $10,000 according to the prevailing bullish technical picture. McGlone, commodities analyst at Bloomberg believes Bitcoin has the potential to hit $20,000 by the end of 2020. Bitcoin is back in the bullish phase after a considerable recovery from levels around $9,300. BTC/USD was forced back into the $9,000…

US Regulators Target Bitcoin ATMs: 88% of the Funds Exit the Country via Machines

June 4th, 2020

Bitcoin automated teller machines (BATMs) will become the next target for regulators, as world governments tighten screws on money laundering. According to Ciphertrace CTO John Jeffries, crypto-cash machines will attract “greater…regulatory focus” in a bid to rein-in alleged cross-border illicit financial transfers. Jeffries urged “the need for more uniform regulatory enforcement and compliance” as governments…