Rally Ahead? Bitcoin's Price May Be Charting a Previous Bull Pattern

History often has a way of repeating itself. The current price pattern in the bitcoin market is eerily similar to the one observed in the run-up to a major rally that occurred on April 12. To start with, bitcoin charted a long-tailed candle on Aug. 14, similar to the one seen on Apr. 1, signaling the sell-off from the July 24 high of $8,507 has likely run its course. Further, the leading…

Blockchain Startup Closes Multi-Million Dollar Funding Round Led by SoftBank, Baidu

Blockchain marketing platform Atlas Protocol (ATP) has concluded a seed investment round of several million dollars led by SoftBank China Venture Capital (SBCVC), according to an August 20 press release. The multi-million dollar investment round, whose final amount was not disclosed, also included participation by Baidu Ventures (BV), Danhua Capital, and Fenbushi Digital. Atlas Protocol was formed by Nebulas Labs and the xGoogler Blockchain Alliance (xGBA), with co-founder of Jide…

Ethereum (ETH) Price Analysis: Triangle Breakout Alert!

Ethereum broke below the bottom of its symmetrical triangle consolidation on the 1-hour chart to signal that bearish moves are in the cards. Price might be due for a pullback to the broken support, which is close to a new descending trend line forming. Applying the Fibonacci retracement tool on the latest swing high and low shows that the 61.8% level lines up with the trend line and area of…

Bitcoin – Buy The ETF Rejection Dip

[unable to retrieve full-text content] Bitcoin – Buy The ETF Rejection Dip  Seeking Alpha Bitcoin Expert Issues Dire Warning Over The State Of Bitcoin And Cryptocurrencies  Forbes The SEC Is Weighing a Bitcoin Futures ETF – Here’s What That Means  CoinDesk Full coverage Source: Bitcoin Google

What Bitcoin's Chart Says About Its Price

Shutterstock Here we go again. Bitcoin has hit what chartists call a “support line.” Here is the chart: Bitcoin/dollar chart – support levelsCredit: ADVFN “Support” is meant to be a psychological level created by people watching for bottoms in markets. It is meant to be harder for a financial instrument to break down through a previous bottom, than to bounce up from it, so ‘support’ is a potential rallying point….

Ethereum: An Altcoin Game Of Hot Potato?

[unable to retrieve full-text content] Ethereum: An Altcoin Game Of Hot Potato?  Seeking Alpha Full coverage Source: Ethereum Google

Bitcoin Believers Speak Out In Venezuela As Maduro Makes Historical Devaluation

A Venezuelan man shows Venezuelan bolivar bills as she sells products in Norte de Santander Department, Colombia, on the border with San Antonio del Tachira, Venezuela, from where hundreds are crossing through the Simon Bolivar international bridge on August 19, 2018. (Photo credit: Schneyder Mendoza/AFP/Getty Images) The bitcoin and cryptocurrency world has been closely watching Venezuela over recent years as the socialist country grapples with an economic crisis that has plunged people’s…

26 Ways Blockchain Will Transform (OK, May Improve) Education

Shutterstock Blockchain is a public ledger that automatically records and verifies transactions. The distributed ledger technology (DLT) powers Bitcoin, Ethereum and other virtual currencies (which have taken a beating this month). Less publicized are all the ways DLT could transform many industries. Use cases for a transparent, verifiable register of transaction data are numerous because DLT operates through a decentralized platform making it fraud resistant. With assistance from Educause and CB…

Inside The Blockchain Trends You Need To Know Now

BANGKOK, THAILAND – 2018/07/30: A smartphone displays the Bitcoin GBP market value on the stock exchange via the Yahoo Finance app. (Photo by Guillaume Payen/SOPA Images/LightRocket via Getty Images) Nearly every week there seems to be a conference in one city or another around blockchain, cryptocurrency or a combination thereof. While few have yet to reach the breakout status of such events as Consensus, there are some intriguing brands building…

Stuck in a $300 Range: Bitcoin Awaits Price Breakout

Bitcoin (BTC) is stuck in a narrowing price range and the direction of the next breakout is far from certain. The leading cryptocurrency was expected to rise toward $7,000 over the weekend, having moved past a key technical hurdle on Friday. However, contrary to expectations, BTC failed to absorb supply around $6,600 in the last 48 hours.  Even so, the rejection at $6,600 has not proved costly, and BTC’s bears…