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 […]
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 […]
San Francisco-based bitcoin exchange Coinbase Exchange has announced that it will now operate under a new brand GDAX (Global Digital Asset Exchange). GDAX will facilitate trading of BTC/USD, BTC/CAD, BTC/EUR, BTC/GBP, ETH/BTC, and ETH/USD. The reason for renaming Coinbase Exchange to GDAX while keeping the Coinbase wallet platform intact is to better highlight the difference […]
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 […]
