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Is Bitcoin (BTC) Ready To Crash Below $7k?

Bitcoin (BTC) has finally begun its downtrend and is currently trading below the key support level of $7,400. The price remained range bound for a long time but is now expected to take a definitive direction. Traders might want to wait and see how the price trades around the 200 moving average. If it declines below that and subsequently the $7,193 level, that might be an opportunity to go short. If BTC/USD declines below $7k a lot of cryptocurrencies including large cap coins like Ethereum (ETH) will be hit the hardest especially because they have already lost much ground against...

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The 2020 Bitcoin Massacre: How Quantum Computing Threatens Cryptocurrency And What Quantum Resistant Ledger Does That Most Others Should

Technology advances continue to accelerate exponentially, bringing enhancements that change life for humanity forever. As is the case for any new tool or idea previously unknown to mankind, many unforeseen and potentially life-disrupting problems can present themselves along the way. The development of nuclear power was used to provide cleaner, cheaper and more efficient energy, but also gave birth to nuclear weapons and ecological concerns. The internet ushered in a new era of networking and enhance productivity across all aspects of human life. And now, we are starting to see the beginnings of quantum computers showing capabilities to push us...

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Sally Ho's Technical Analysis 24 December 2019 BTC ETH

Bitcoin Bitcoin (BTC/USD) attempted to add to recent upside trading gains early in today’s Asian session as traders continued to speculate how long the pair would remain above the psychologically-important 7,000 figure.  During Sunday’s European session, the pair was pushed higher from the 7125.00 area and traded as high as the 7688.99 level during yesterday’s North American session before giving back some gains.  The move higher over the past couple of days was the first time the pair tested the 7568.81 level since 9 December, an area that represents the 23.6% retracement of the move from 10944.67 to 6526.00.  Some...

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Could Bitcoin (BTC) Keep Rallying Higher?

Bitcoin (BTC) has once again made an impressive move to the upside and is currently trading above $7,500 after breaking the key resistance level of $7,200. The bulls are now expecting the price to rally higher but the outlook still remains bearish. In order for things to change near-term, we would need to see BTC/USD make a higher high and a higher low to invalidate the current downtrend that is still intact. If the price ends up doing that, we would have reason to be bullish not just till $8,000 but even beyond that to $9k or higher. However, it...

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Tim Draper Gives His Bullish View On The Future Of Bitcoins Price

Tim Draper has recently said that he believes his 30k amount of Bitcoins will be worth $7.5 billion in two years. Draper recently spoke on bitcoin in a new interview. He goes onto add his view on traditional banking. The well-known Bitcoin bull and pro-crypto advocate, Tim Draper has recently said that he believes his 30k amount of Bitcoins will be worth $7.5 billion in two years compared to the $200 million it’s worth today.  The Big Boom Recently taking part in an interview with BlockTV at the end of last week, Draper said: “If you run a technical analysis,...

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