Bitcoin (BTC) Price Weekly Forecast: Approaching Next Crucial Break

There was a solid upside correction initiated from the $9,100 swing low against the US Dollar. The price gained traction after it broke the key $10,000 resistance area and traded towards $11,250. There was a break above a major bearish trend line with resistance at $10,400 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair tested a crucial resistance near $11,250 and it is currently correcting lower. Bitcoin price is showing positive signs above the $10,250 support against the US Dollar. However, BTC must break…

Bitcoin Flexes Its Muscle, Reclaims $11,000 in Abbreviated Weekend Rally

Seemingly out of nowhere, the bitcoin price rocketed past the psychologically important $11,000 level this weekend. No doubt traders are getting whiplash from the dramatic swings, as the range-bound BTC then pulled back to just over $10,900. The bitcoin price is off its best levels of the day. | Source: TradingView Not too long ago, Galaxy Digital CEO Michael Novogratz predicted that BTC would be range-bound for a while, suggesting the market would hover between $10,000 and $14,000, which it has. Now he is offering another bit of advice to investors…

Bitcoin Buoyed By Free Marketing, Will BTC Prices Double By 2020?

Bitcoin (BTC) consolidating below $11,200 Iranians turning to Bitcoin Despite deliberate attacks from politicians, Bitcoin as an innovation is an “unstoppable force”. Fearing the unknown, they are unknowingly marketing BTC as an alternative. For now, BTC is steady, but bears are firmly in control. Bitcoin Price Analysis Fundamentals Cryptocurrency investors and traders are in the space to make money, then later for the technology. At least that is what statistics reveal. Bitcoin may be the first of its kind -and a genuinely successful digital asset that continues to transform lives.…

Could Donald Trump Ban Bitcoin?

Noelle Acheson is a veteran of company analysis and a member of CoinDesk’s product team. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free newsletter for institutional investors interested in crypto assets. Sign up here. Bitcoin yet again graced global headlines last week, after the President of the United States, Donald Trump, took to Twitter to declare himself “not a fan” of cryptocurrencies, “whose value is highly volatile and based on thin air.” The ensuing discussion largely celebrated the global attention…

Virgin Bitcoin — Most In-Demand Crypto That Is Regulated Differently?

In a world where the global crypto community continues to face a growing number of regulatory hurdles with each passing day, the term “virgin Bitcoin” is starting to become more common among digital currency enthusiasts. However, it is of utmost importance to clarify what this term actually means and the significance it carries.  According to Dave Jevans, the CEO of CipherTrace, virgin Bitcoins are essentially BTC tokens that do not have a transaction (TX) record associated with them. As a result of this, coins lack a defined attribution history, making…

Bitcoin Breaks $12,500 as US Stock Market Sees Minor Downturn

Tuesday, July 9 — the top 20 cryptocurrencies are reporting mixed movements on the day by press time, as Bitcoin (BTC) broke the $12,500 mark again. Market visualization courtesy of Coin360 Bitcoin is currently up by nearly 6% on the day, trading around $12,545 at press time, according to Coin360. Looking at its weekly chart, the coin is up by about 15.64%. Bitcoin 7-day price chart. Source: Coin360 A Twitter account of a Bitcoin enthusiast pointed out earlier today that, on major cryptocurrency exchange Binance, a user sold about 7,350 BTC,…

Bitcoin Reclaims $13,000 as NY Fed Says Recession Risk Highest Since 2008

Bitcoin (BTC) hit $13,000 again on July 10 as the 2019 bull market delivered fresh reasons to celebrate for traders and HODLers.  Market visualization courtesy of Coin360 Data from Coin360 showed BTC/USD hitting $13,130 in early trading Wednesday, the pair reclaiming almost $1,000 in 24 hours.  The past days have surprised markets, with analysts previously warning a major correction should set in after bitcoin closed below $11,450.  Bitcoin 7-day price chart. Source: Coin360 Now, sentiment is trending to the upside, with regular commentator Josh Rager eyeing July’s monthly close as…

Bitcoin Price (BTC) Signaling Bullish Continuation To $11K

Bitcoin price rallied recently above the $10,000 and $10,200 resistance levels against the US Dollar. The price climbed towards the $10,800 resistance and recently started consolidating gains. There is a contracting triangle forming with resistance near $10,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could accelerate towards $11,000 and $11,200 if it clears the $10,800 resistance. Bitcoin price is showing a lot of positive signs above the $10,400 support against the US Dollar. BTC is currently preparing for more upsides and it could…

Bitcoin Dominance Growing — What It Could Mean for Altcoins

Bitcoin (BTC) has more than tripled in 2019, moving from under $4,000 at the start of the year and then topping out at a little under $14,000 in June. In the earlier part of 2019, altcoins seemed to be performing strongly, with many calling the trend “altseason.” However, since Bitcoin began its 2019 charge starting with the “April Fool’s day rally,” most altcoins seem to be slipping when compared to the top-ranked cryptocurrency. There is now a growing debate about whether the altcoin market will experience the same massive price…

UK Thieves Burgle Bitcoin Center, Find Zilch

In a daring, if baffling, evening raid thieves allegedly broke into the so-called Bitcoin Embassy on Formans Road in the U.K. city of Birmingham. The thieves attacked at 10pm on July 15, according to the Birmingham Mail. Recorded and posted to Facebook, the daring late-evening attack netted the thieves what looked like, at first, either lengths of receipt tape from a bitcoin ATM – an ATM owned by the decidedly unappetizing Shitcoins Club – or, less likely, an decidedly pessimistic length of toilet paper. The truth, however, is more mundane.…