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…

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….

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…

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…

21-Year-Old Trader Prosecuted Over Bitcoin Money Laundering

A 21-year-old bitcoin dealer from California is being prosecuted for allegedly committing numerous counts of illegal money transmission and money laundering. According to an announcement from the Department of Justice in the Southern District of California, Jacob Burrell Campos was ordered to be held without bail at a hearing on Friday in connection to the charges. Based on a court filing against him entered on Aug. 8 and unsealed over the…

Bitcoin Price Analysis: Welcome to 'Bitcoin Purgatory'

Bitcoin seemed on the verge of a breakout above $6,650 but a failed third attempt, followed by a lack of buying interest has given bears an opportunity to snatch back control and it looks like BTC has dropped a shelf for a bit of sideways trading in the $6,200 – $6,400 range. Bitcoin Price Market Overview Earlier this week on CNBC Fast Money, host Melissa Lee described the narrow channel…

CryptoOracle Co-Founder: Bitcoin Is Functionally Better Than Gold

“Some Gold Users Will Likely Switch To Bitcoin” Gold is one of the most valuable metals on Earth, with humans finding value in such an element for thousands of years. Over the course of gold’s history, it became a great way for individuals and groups to store value across a variety of settings, countries, and eras. However, with the advent of the internet and the subsequent introduction of Bitcoin, some proponents…

The Bitcoin Price Bounces Back After Sell-Off — A Worrying Sign?

Most digital currencies including bitcoin, (BTC) ethereum, (ETH) ripple (XRP) and stella (XLM) have seen a dramatic fall in their prices throughout 2018 amid a mass sell-off. In December 2017 the price of BTC hit $20,000 but has since fallen to around $6,000. (Photo Illustration by Dan Kitwood/Getty Images) Bitcoin, along with many other major cryptocurrencies, continues to grapple with extreme volatility — and at a time when investors were…

All Top 10 Cryptocurrencies in Green, Bitcoin Breaks $6500

Friday, Aug. 17: all top ten cryptocurrencies by market cap have seen green today, with Ripple (XRP) and EOS up over 15 percent over the past 24 hours, according to Coinmarketcap. Market visualization from Coin360 Bitcoin (BTC) keeps gaining momentum, seeing a steady growth today with its price hovering around $6,500 point. The top cryptocurrency is trading at $6,495 at press time, up around 3.6 percent over a 24 hour…