This Simple Technical Pattern Could Resend Bitcoin Price Above $9,000

Bitcoin declined heavily from the $10,000 resistance against the US Dollar. BTC is currently correcting higher and it seems like the bulls are likely to push the price back above $9,000. Bitcoin found support above the key $8,200 and $8,000 pivot levels. A low is formed at $8,267 and the price is currently correcting higher. There is a short term bearish trend line forming with resistance near $8,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). It seems like there is an inverse head and shoulders…

Ripple Partners Could Help Pandemic Supply Chain

Yoshitaka Kitao, Chief Executive Officer (CEO) of Japanese financial giant SBI Holdings, has proposed Ripple partner with multinational companies in addition to financial institutions. His recommendation was partially influenced by Japan’s handling of the COVID-19 pandemic. Kitao, also a Ripple board member, talked to reporters gathered for an SBI conference call on April 28. The CEO said that his lawyers would attend Ripple’s next executive committee and asked them to promote new partnerships with multinational corporations like Big Shosha, a Japanese trading company.  “By adding multinational companies to the Ripple…

This Eerie Fractal Predicts Bitcoin Will Slingshot Back to $10,000 In Days

There are many traders flipping bearish after Bitcoin’s strong retracement over the past day. As reported yesterday, Ethereum’s inability to hold $210 indicates that more downside is on its way for the leading altcoin. Ethereum dropping would likely result in weakness for Bitcoin, as the two cryptocurrencies tug each other in different directions. Yet, the technical evidence is starting to suggest that the bearish fears are overblown, with one trader even arguing that $10,000 in the coming days is a possibility. Bitcoin is Preparing to Rocket Back Towards $10,000: Fractal…

Tokenized Real Estate Booms While Security Tokens Struggle

Real estate tokens have continued to post a positive performance for investors, gaining an average of 4.27% during April while top securities tokens suffered losses for the month. The combined capitalization of security tokens fell 8% in total — comprising one of the worst months on record for the nascent sector according to a report published by Security Token Group. April also saw the combined trading activity for security tokens plummet by 38%. Real estate tokens post April price gains The real estate token markets for single-family homes on Patton…

Bitcoin Price Bounces at Key Trendline Support 1 Day Before BTC Halving

In the last 3 hours Bitcoin (BTC) price gained 2.63% after dropping to $8,256 earlier in the day. With just less than 24-hours before the block reward halving is scheduled to take place, traders are likely biting their nails and anxious to see if the top ranked crypto-asset on CoinMarketCap will be able to reclaim $9,000.  Crypto market weekly price chart. Source: Coin360 Today’s drop to $8,256 brought the Bitcoin price below the ascending channel trendline for the second time in 24-hours and traders again purchased into the dip, allowing…

Bitcoin Goes Viral on ‘Chinese Twitter’ for the Third Time in 2 Weeks

While trading Chinese yuan through Bitcoin may technically be banned in China, that hasn’t stopped the country’s citizens from talking up a storm about cryptocurrency. This much was made clear on Sunday when Samson Mow, CSO of Blockstream, noted that according to data from Weibo (‘Chinese Twitter’), Bitcoin was a trending topic. This is the third time this has happened in the past two weeks. Bitcoin Trends on Weibo, “China’s ‘Twitter’” According to a screenshot of Weibo’s trending list from May 10th shared by Mow, a search term mentioning Bitcoin’s…

Loom Network Responds to Rumors of the Project’s Demise

On May 9, we wrote that the Loom Network, a platform-as-as-service blockchain project, appeared to no longer be active. Representatives from the platform have since responded publicly to Cointelegraph, indicating that the project is, in fact, alive and well. Communication in stasis Following the departure of the network’s CEO, the project announced that it would be pivoting away from its original business model into an enterprise-facing solution. In the weeks that followed, a number of the Loom Network’s validators abandoned the project, with one calling the network dead in a…

$270M in Longs Liquidated as Pre-Halving Hype Backfires

Yesterday’s sudden crash saw the price of Bitcoin (BTC) fall 14% from roughly $9,450 to $8,101 in less than 15 minutes. This appears to have shaken out over-exuberant margin traders who longed near $10,000 on heavy margin. According to market data aggregator, Cryptometer, over $295 million worth liquidations occurred on BitMEX alone — 98% of which were long positions. By contrast, liquidated shorts totaled $5.7 million. $290M liquidated on BitMEX in 24 hours Roughly 93% of yesterday’s liquidations took place in BitMEX’s XBT/USD markets, with Ripple (XRP) liquidations representing 4.1%…

Bitcoin Price Volatile 24 Hours Before Halving, Key Indicators Bullish

With Bitcoin’s (BTC) third mining rewards halving just over 24 hours away, mainstream market hype surrounding the event has grown exponentially, especially after balancing on the $10K threshold for some time. On May 9, BTC dropped to the $8,100 mark before making a small recovery to around $8,800. Nevertheless, the fact that BTC has overall been able to stave off bearish market pressure instilled a certain amount of confidence in the hearts of investors all over the globe — despite Bitcoin facing a 15% value slip on May 9. Additionally,…

Bitcoin Tests $10,000, ‘Halving Dump,’ $1M BTC Predicted: Hodler’s Digest, May 4–10

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Three reasons for the Bitcoin “halving dump” from $10,000 to $8,100 We’re less than 48 hours away from “the halvening” — and there’s been no end of drama over the past week. Initially, there was hype as Bitcoin soared, with the world’s biggest cryptocurrency testing…