Tag: bitcoin price
Cryptocurrency Market Dropped $52 Billion in Blockchain Week, Factors and Trends

Blockchain Week New York City aka Consensus 2018 was highly anticipated within the cryptocurrency ecosystem with many analysts expecting the event to trigger a new bullish momentum for Bitcoin and altcoins. The market, however, managed to lose $52 billion during the week of the conference.Consensus ...

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Bitcoin Price Weekly Analysis: BTC/USD Testing Crucial Resistance

Key PointsBitcoin price stayed above the $8,000 support level and recovered against the US Dollar.There is a monster bearish trend line forming with resistance at $8,300 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).The pair has to move above the trend line and settle above ...

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There’s no ‘Consensus’ Concerning the Direction of Bitcoin Price

Eustace Cryptus · May 19, 2018 · 8:00 pm <!-- ExcerptThomas Lee’s predicted post Consensus Bitcoin pop never happened. In fact, the market reversed and is now trading at a monthly low! As usual, investors are wondering where the market will go from here. Market Overview Contrary to ...

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Bitcoin Price Watch: BTC/USD at Risk of Further Declines

Key PointsBitcoin price declined and broke a key support level at $8,200 against the US Dollar.There was a break below a triangle pattern with support at $8,250 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair may correct a few points in the short term, but it could face ...

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Bitcoin Price Watch: BTC/USD Made Sharp U-Turn

Key PointsBitcoin price failed to capitalize above $8,800 level and declined sharply against the US Dollar.BTC/USD broke this week’s ascending channel with support at $8,500 on the hourly chart (data feed from Kraken).The pair settled below a key support at $8,400 and the 100 hourly simple moving ...

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Bitcoin Price Watch: BTC/USD Primed for Gains

Key PointsBitcoin price is showing bullish signs above the $8,600 pivot level against the US Dollar.This week’s ascending channel with current support at $8,480 is intact on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair is now trading nicely above the $8,500 support and the ...

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Microsoft May Build Identity System with Bitcoin Lightning Network

Microsoft, the world’s sixth-largest IT company by revenue, will have both cryptocurrency and stock markets watching as they announce its blockchain-based decentralized identity system at Consensus 2018 in New York City.The news may be especially bullish for Bitcoin as Microsoft developers hint ...

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Bitcoin Price Watch: BTC/USD’s Upside Capped By 100 SMA

Key PointsBitcoin price corrected higher, but upsides were capped by $8,800 and 100 hourly SMA against the US Dollar.The BTC/USD pair broke an ascending channel with support at $8,450 on the hourly chart (data feed from Kraken).The pair must stay above the $8,300 support level to avoid any further ...

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Bitstamp Reminds Users of the $25 billion Lost Bitcoin to Encourage Strong Security Measures

Blockchain intelligence platform Chainanalysis revealed in November that 20% of Bitcoin currently in circulation has been lost at a value of about $25 billion. On May 11, Bitstamp used this data to advocate for offline storage and argue that this puts an upward pressure on the price.Bitstamp: “That ...

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Cryptocurrency Market Begins Recovery, Ethereum up 5%, Ontology and Storm up 12%

Advertisement Join our community of 10 000 traders on Hacked.com for just $39 per month.The cryptocurrency market has begun to recover as major cryptocurrencies including Ether and EOS recorded gains of more than 5 percent over the past 24 hours. Tokens such as Ontology (ONT), Storm ...

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Bitcoin Price Weekly Analysis – Can BTC/USD Hold $8,000?

Key PointsBitcoin price declined sharply after it failed to move above the $9,500 resistance against the US Dollar.There is a significant bearish trend line forming with resistance at $8,900 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).The pair may rise in the short term, but it ...

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