Repeating Fibonacci Cycles Could See Bitcoin Hit $7,500 Before Dumping Back to $4k
Patterns are everything and market analysts are constantly scanning charts, both current and previous, for patterns and cycles that could indicate where prices may go next. Bitcoin fervor has hit a new 2019 high over the past few days as BTC finally broke its long term resistance and surged upwards. Where it will go next is the question everyone wants an answer to.
TOM LEE: BITCOIN ‘FAIR VALUE’ IS $14,000 RIGHT NOW
Tom Lee of Fundstrat Global Advisors believes that the fair value of Bitcoin is around $14,000. The research chief and managing partner at Fundstrat also says that the old Bitcoin whales are back and have begun to buy back massively due to a shift towards positive market sentiments.
Cashless Society Means More Surveillance, Bitcoin Is Indispensable
If anything, credit cards have been at the forefront of the cashless trading revolution. But a new entrant is quickly making their dominance a thing of the past. A UNCTAD report states that mobile money payment will overtake card use in some nations as the technology matures.
Bitcoin (BTC) trading volume clarity actually brings ETFs nearer
Research by Bitwise Asset Management rocked the crypto industry this week, after it concluded that 95% of reported bitcoin trading volume is fake.
BITCOIN CRYPTO Analyst: Bitcoin Will Break Higher in Next Move Based on 12 Month Trends
Price predictions for Bitcoin and cryptocurrency markets have been coming thick and fast recently as the bottom appears to be extending and the bears running out of steam. Short term price action will help day traders take quick profits but most people eyeing the industry are in it for the long term. Analysts have been taking a look at the past 12 months for patterns in order to predict the next big movement and some agree that it is more likely to be one to the upside.
SEC Chief Confirms Analysis That Ethereum isn’t a Security
Securities and Exchange Commission Chairman Jay Clayton has formally confirmed existing staff analysis that Ethereum and other similar decentralized cryptocurrency assets are not securities, even if they were initially sold through an illegal securities offering.
Overstock’s Blockchain Subsidiary Acquires Stake in Blockchain Banking Platform
Retail giant Overstock.com, Inc.’s blockchain subsidiary, Medici Ventures, has acquired a stake in blockchain banking platform Bankorus, according to a press release published on March 11.
If Bitcoin Holds $3,400, BTC at $5,000 By May Is Possible
For the first time in a blue moon, the cryptocurrency market’s prospects have seemingly begun to look bright. Analysts have acknowledged this, and have begun to express cautious optimism towards Bitcoin (BTC) and where it could head next.
ShutterstockCrypto Spring Blooms? Bitcoin Transactions Hit Highest Level in 13 Months
Positive news has been stretched thin during the “Crypto Winter,” but there are now genuine signs that the ice is beginning to thaw. With Bitcoin showing remarkable resiliency and price stability in a world that wants to write it off, there are many fundamentals to which believers in the world’s largest cryptocurrency like to pay attention. One of these metrics just went through the roof.
Bitcoin Transactions Are Approaching Highs Set During Crypto Market Bull Run
Total monthly Bitcoin (BTC) transactions have reportedly exceeded levels set during January 2018 and might be on track to record an all-time high.
Bitcoin Price May Rise in March Despite Month’s Bearish Track Record
Bitcoin is heading into a historically weak month on a positive note and could see gains if resistance at $4,190 is breached.
Apple Co-Founder Steve Wozniak on Bitcoin: ‘We’ve Seen Massive Value Creation’
Apple co-founder Steve Wozniak declared that he thinks “we’ve seen massive value creation” when asked about Bitcoin’s (BTC) potential in an interview with Bloomberg published on Feb. 26.
Samsung Announces Galaxy S10 Crypto Partners, Bitcoin and Ethereum Support
The new Galaxy S10 series smartphones by South Korean tech giant Samsung will apparently have wallet functions for Ethereum (ETH), Bitcoin (BTC) and two other tokens. A Samsung official spoke about the phone’s new features at the Mobile World Congress in Barcelona, Spain on Feb. 25.
Can Bitcoin Save Venezuelans?
CIUDAD GUAYANA, Venezuela — On Tuesday, I went shopping for milk. With the chronic food shortages in Venezuela, that errand already is very complicated, but there’s an extra layer of difficulty for me: I don’t own bolívars, Venezuela’s official currency.
VISA, MASTERCARD PLAN TO INCREASE TRANSACTION FEES; CRYPTOCURRENCIES DON’T
Visa and Mastercard are planning to increase transaction fees for US merchants who accept card payments, Reuters reports. The hikes, which come into effect in April 2019, are likely to further damage already the fragile relationship between payment providers and merchants.
Why it’s High Time for Millennial Crypto Investors to Go All-in on Bitcoin
One of the world’s most prominent cryptocurrency investors has thrown even more weight behind bitcoin, claiming virtually all other cryptocurrencies will die a painful death. Barry Silbert, CEO of Digital Currency Group and Grayscale Investments, says the flagship cryptocurrency has already won the race to become digital gold.
Bitcoin Is A Hedge Against Global Instability, Claims Leading Crypto Commentator
Satoshi Nakamoto, the pseudonymous creator of the Bitcoin project, always expressed an inkling of mistrust and cynicism towards centralized institutions, including Wall Street and the incumbent government. This theme was only accentuated when Satoshi embedded a Financial Times headline, which discussed 2008’s Great Recession, into the coinbase of his brainchild’s first-ever block.
These Bitcoin Analysts Explain Why the Crypto Market isn’t Out of the Woods
Listen, noob. A $200 price retracing is far from the end of a bear market for Bitcoin. Comparing historical charts, there are times in recent memory where we’d call that “stability.” In a recent newsletter by eToro’s Mati Greenspan, the veteran analyst points out that China was on holiday recently. Coming back to the crypto markets, they seem to be in a “buying mood.”
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