Bitcoin Lacking Momentum Above $9,200, But Signs of Bullish Break Emerge

Bitcoin is slowly rising and trading above the $9,150 level against the US Dollar. BTC is struggling to gain bullish momentum above $9,200, but there are a few bullish signs emerging on charts. Bitcoin recovered above $9,200 and traded as high as $9,240. The price is currently trading nicely above the $9,150 level and the 100 hourly simple moving average. There was a break above a significant bearish trend line with resistance near $9,160 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay…

Huobi Japan Opens Voting on Listing 6 New Tokens

Major Japanese exchange Huobi is asking its users to vote before August 16 on which new cryptocurrencies they would like to see listed.  According to an update on the Huobi website posted on July 16, the Japan-based exchange is considering adding Enjin (ENJ), IOS Token (IOST), Neo (NEO), Ontology (ONT), Qtum (QTUM), and Tezos (XTZ).  Huobi account holders started voting on which tokens they want to see listed on the exchange on July 16. Users are granted one vote per account every Friday for a maximum of five votes. Voting…

It’s “Open Air” for Bitcoin Down to $7,000 as Technical Weakness Mounts

Bitcoin has been flashing some signs of technical weakness as it hovers above the lower boundary of its long-held trading range between $9,000 and $10,000. Its inability to stabilize above the support that was previously established in the mid-$9,000 region does point to some underlying weakness amongst buyers. The lower boundary of the cryptocurrency’s trading range also coincides closely with its crucial Ichimoku Cloud support. Although this support has been defended thus far, a break below it leaves “open-air” for Bitcoin to reel lower. One analyst is even noting that…

Ethereum Bears Will Get “Scorched” If This Pivotal Resistance Breaks

Like Bitcoin, Ethereum has flatlined over the past few months. For just around eight weeks now, the leading altcoin has traded in between $230 and $240, barely deviating from these two levels. Yet an analyst expects a massive breakout should ETH break above an extremely close resistance level. Related Reading: Crypto Tidbits: Twitter’s “Bitcoin Scam,” Elon Musk & Dogecoin, Institutions Want BTC & ETH Here’s How Ethereum Bears Could Soon Get “Scorched” According to a cryptocurrency trader, Ethereum breaking above the red line seen in the chart below will cement…

Improving AML/KYC Compliance Will Be a Differentiator Says Exec

The ability to verify documents and comply with anti-money laundering (AML) and know-your-customer (KYC) requirements is now a differentiator for crypto firms, said identity verification provider Trulioo. Anatoly Kvitnitsky, Trulioo’s vice president for growth, told Cointelegraph that as crypto crosses many borders, those who want to stand out and maybe attract those looking to exchange crypto to fiat or vice-versa compliance with regulatory requirements.  “It is a good idea to improve the crypto world’s approach to compliance, especially as exchanges become more and more common,” Kvitnitsky said. “Definitely something like…

This Unexpected Signal Indicates Bitcoin Is About to See a Bull Trend

Bitcoin’s price action has been extremely boring over the past two months, with the leading cryptocurrency trading in a historically small range. Bulls, however, may soon get a boost as the premium between the Bitcoin spot market and the implied price of BTC determined by Grayscale investors has shrunk. Related Reading: Crypto Tidbits: Twitter’s “Bitcoin Scam,” Elon Musk & Dogecoin, Institutions Want BTC & ETH Bitcoin Could Soon Enter Bull Run, Predicts Unexpected Signal According to a Bitcoin chartist, the premium between the two markets has reached under 5% in a…

Here’s the Level Bitcoin Needs to Break to See a “Tesla Sized” Rally

Bitcoin’s boring price action seen throughout the past few months has caused its trading volume and liquidity to both dive lower. It appears that many traders are turning towards the more traditional markets to get their fix of volatility, with some equities like Tesla (TSLA) seeing massive rallies over the past couple of weeks. Although Bitcoin’s lackluster price action doesn’t appear to be letting up anytime soon, the cryptocurrency may eventually see a rally similar to that posted by TSLA. That being said, one analyst is noting that there is…

Roger Ver Says Twitter Blocking His Tweets About BCH

Bitcoin.com founder Roger Ver says Twitter seems to be blocking him from sending tweets about non-state issued money.  Ver said he was trying to send tweets about instant near-field communication, or NFC, payments for Bitcoin Cash (BCH) and Simple Ledger Protocol (SLP) tokens from be.cash but was unable to.  It seems Twitter is blocking me from sending certain tweets promoting non state issued money. pic.twitter.com/7JiZ6G9jXA — Roger Ver (@rogerkver) July 19, 2020 Ver, who has been pushing BCH, did not seem to be one of the users affected by the…

$120K Stolen, FBI Investigate, Calls to Ban BTC — Hodler’s Digest, July 13–19

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 Elon Musk, Kanye West and Bill Gates’ Twitter accounts hacked by Bitcoin thief This week, Twitter and Bitcoin suffered a PR disaster. In a coordinated, ambitious attack, about 130 high-profile accounts were hijacked. Top celebrities, entrepreneurs, politicians, businesses and crypto exchanges were affected. Many posted…

Bitcoin Price Predictions by Top Analysts Are Usually Wrong — Here’s Why

Since Bitcoin (BTC) price rallied above $19,000 in 2017, crypto analysts have issued an amazingly wide range of price predictions on the date and value of the next all-time high or low.  Sometimes these predictions are rooted in deep fundamental and technical analysis, whereas other times they are simply nothing more than off-the-cuff estimates issued at whim.  Options markets provide useful insights into traders’ expectations, including mathematical probabilities for an asset’s future prices. Using Black & Scholes model allows one to better assess the likelihood of analysts’ estimates.  The Black…