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Bitcoin (BTC) Inches Closer To The Beginning Of Another Downtrend

Bitcoin (BTC) has moved closer to the beginning of its next downtrend as it cannot perpetually trade within the rising wedge it is currently trading in. Most such rising wedges have led to brutal declines in the past which is why we have no reason to believe this time will be any different unless we have a clear break past the $8,384 level. So far, the price has failed to close above this level. What we saw just recently in the form of a massive spike now appears to be another case of manipulation which is expected to meet the...

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‘Bitcoin’ Uttered by Elon Musk in Teasing Post on Twitter

This morning I took to Twitter to come across a certain tweet from a one Elon Musk, the CEO of SpaceX. The tweet sparked memes and bots in the comment section of crypto Twitter. This morning I took to Twitter for my standard morning browse of what’s going on in the world to come across a certain tweet from a one Elon Musk, the CEO of SpaceX (and if you believe the stories, Dogecoin). You can see the tweet below: Bitcoin is *not* my safe word — Elon Musk (@elonmusk) 10 January 2020 Now if you’re unsure as to what...

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Perianne Boring Comments on Bitcoin During the US-Iran Situation  

The story of Bitcoin becoming a safe haven asset becomes more and more known throughout the space. Perianne Boring has said that this isn’t the first time the leading cryptocurrency has seen surges during an international conflict. Speaking in a new interview with BlockTV, Boring talked about the Cypriot financial crisis. As the situation between Iran and the United States gets more and more intense, the story of Bitcoin becoming a safe haven asset becomes more and more known throughout the space. Even though you’d be hearing negative things from Peter Schiff during this time, the founder of the US...

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10 January 2020 - EOS/ BTC – Hourly

In this Hourly chart of EOS/ Bitcoin (EOS/ BTC), there is a depreciating range from 0.000375 to 0.000353. We can observe that the market then appreciated to the 0.000361 level (identified by the red down arrow), just below the 0.00036140 level that represents the 38.2% retracement of the depreciating range. We can observe that the 0.000361 level was just above the 0.000359 level, the area where the 21-bar Simple Moving Average was indicating at the time. The market then depreciated to the 0.000341 level. Using RSI, we can observe that the slope of RSI (14) turned negative after the market...

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Sally Ho's Technical Analysis 10 January 2020 BTC ETH

Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair climbed higher to the 7813.77 area after trading as low as the 7744.48 level during yesterday’s North American session.  Other than retracing higher to the 7995.72 area earlier in yesterday’s North American session, the pair has been Given after peaking around the 8469 level a couple of days ago.  Market sentiment has shifted over the past several days following the pair’s rapid climb above the psychologically-important 8000 figure after decisively moving above the 7000 figure.  During the pair’s ascent, Stops were elected above the 8449 area, an upside price...

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