Hot Topics

Advertisement

Advertisement

Bitcoin (BTC) Finally Tops Out, Likely To Begin Its Next Downtrend From Here

Bitcoin (BTC) has rallied significantly in the past 24 hours and has now run into an important resistance zone around $11,816. This is the level that served as the point of rejection during the bear trend of early 2018. We saw it lead to a 43% decline in BTC/USD just after it had topped out for the third time. We have a very similar situation here as Bitcoin (BTC) has topped out for the third time here as well and interestingly enough, it is at the same level that it topped out for the third time during early 2018. Does...

Read More

Is Peter Schiff Slowly Becoming A Bitcoin Bull?

The president of Euro Pacific Capital, Peter Schiff reinforced his views on Bitcoin being a bubble about two years ago in August of 2017. At the time, Bitcoin was worth $4,500 - the highest it had ever been at the time - but Schiff was adamant that the emerging crypto asset was a bubble. As time goes on people change and it seems that peter Schiff could now be banking on the power of cryptocurrencies. The notorious Bitcoin naysayer has said: “There’s certainly a lot of bullishness about Bitcoin and cryptocurrency, and that’s the case with bubbles in general. The...

Read More

The US CFTC & The Wait For Bitcoin Futures

Just a day after the launch of its physically-settled Bitcoin Futures contracts, the US Commodity Futures Trading Commission (CFTC) has refused to issue any approvals. Speaking in a recent statement, CFTC said that “LedgerX has not yet been approved by the commission.” It was recently announced by LedgerX that a clearinghouse and a bitcoin derivatives exchange based in the US would be launching Bitcoin Futures contracts which would be physically settled like Bakkt’s. Speaking in a statement, the CEO of LedgerX Paul Chou said: “Not only are they [futures] delivered physically in the sense that our customers can get Bitcoin...

Read More

Max Keiser Sees BTC Hitting $15k This Week

The infamous popular bitcoin bull, Max Keiser has previously said that he can see Bitcoin reaching $100,000 in a ‘no sweat’ rally but in what seems like a potentially more realistic prediction, Keiser has given his thoughts on the value of BTC for this week.  Eventually, Keiser can see the leading cryptocurrency replacing gold as a safe-haven investment and the beat returns of all asset classes. If this claim doesn’t seem ambitious to you then why not take a look at Keiser’s latest tweet below.  I’m sensing #Bitcoin will cross $15,000 this week. Confidence in central governments, central banks, and...

Read More

What Happens After Bitcoin (BTC)’s Recent Rally?

Bitcoin (BTC) has finally made a big move to the upside as the price is now well above $11,000. We expected this move and in our last analysis on BTC/USD, we said that if the rally past $11,000 materializes we are likely to see further upside. It finally happened and Bitcoin (BTC) shot quickly past $11k and has now run into a strong resistance at the 61.8% fib retracement level around $11,600. This is by no means going to be easy to breach and the price is more likely to begin a downtrend from here. If we take a look...

Read More