Four days after we suggested that Bitcoin would add on more gains following the Bitfinex hack, the price rose more than 8 percent to $598. However, a couple of disappointing announcements from Bitfinex is again putting pressure on bitcoin as the bulls are steadily reducing their exposure. Since yesterday, the price has plummeted from $598 […]
Bitcoin markets have shrugged off the Bitfinex hack in which hackers reportedly stole 119,756 bitcoins worth about $70 million at current prices. The exchange has halted all trading activities, as well as temporarily suspended all digital tokens deposits and withdrawals. The market has steadied now, and bitcoin is trading with a bullish bias at $553. Source: TradingView […]
Many are comparing the action in bitcoin to the action in gold. Often touted as the next safe-haven, bitcoin is now bearing the brunt of the ‘Bremain’ – a fancy term for Britain staying in the European Union. Bitcoin, resultantly, is losing its sheen. We believe that instead of the outcome of the EU referendum, […]
The virtual currency bitcoin is as speculative as it gets. The digital currency either moves up way too fast or crashes like a jet out of fuel. When it’s doing nothing of these two, it bores the market participants to death! Currently, it is crashing after the market signaled a reversal yesterday. Source: TradingView Bitcoin is […]
Bitcoin, now trading at $434.67, has successfully breached the first resistance of $416, discussed earlier in Bitcoin Could Be Preparing For A Mega-Bull Rally. At the current level, Bitcoin is repeatedly testing the next overhead resistance beyond which lies a huge upside. The technical indicators are also becoming conducive for a bullish breakout. In this […]
There is great news for bitcoin bulls. As IBM proves it’s serious about the bitcoin blockchain, the market is moving higher and improving the case for a breakout that may very well open the doors to huge upsides. In this article, we will discuss the latest technical indications using the daily BTC-USD price chart taken […]
