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Bitcoin (BTC) Runs Into Strong Resistance, Further Downside Expected

Bitcoin (BTC) is expected to decline further as the price has run into the strong 38.2% fib retracement level from the local top and already retraced from there. The price is now below the 21 day EMA and will not need much to happen in order for it to decline below the 50 day EMA. We could see sideways movement for a while but ultimately that decline is very likely to happen. The bears are eyeing this level eagerly because if the price closes below the 50 Day EMA, the bulls will lose control of the price. The thing is,...

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Bakkt’s Start User Acceptance For Bitcoin Futures Testing Today

Despite being heavily delayed, Bakkt’s long-delayed bitcoin futures have just started testing today. The trading platform has been aimed directly to institutions which widely expected to be a game-changer and to be a big trigger for the price of Bitcoin. With Fundstrat concluding at the end of last week, investors have got their expectation high for the future. “There appears to be a critical mass of adopters ready to come on board on Day 1 of the Bakkt launch… The launch could be a huge accelerator for market growth.” MOONSHOT According to a post published on Medium, the COO of...

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Easily Earn Tons Of Bitcoin With FeaturePoints Rewards App

Every penny counts right now when it comes to stacking up Bitcoin. That is, if you believe it will become exponentially more valuable over the next few years. Some are maxing out their credit cards to buy Bitcoin. Others are spending large portions of their savings accounts. But what if I told you that you can earn Bitcoin just by downloading apps, taking quizzes and surveys without spending any money? FeaturePoints is a rewards app available for desktop and mobile. Users earn points by taking quizzes, downloading and using apps and taking surveys. After completing these tasks, users are rewarded...

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Bitcoin Classed As Legal In China As A Virtual Property

We’ve known for a while now that China isn’t a big fan of cryptocurrencies and that has taken several measures to kill of the leading cryptocurrency, Bitcoin.  Some of these measures include a blanket ban on all digital assets, ICOs and shuttering crypto exchanges all in the name of banning virtual currency. But according to the latest order by Hangzhou Internet Court suggests that owning Bitcoin is not actually breaking the law as China has given the leading cryptocurrency the status of a ‘virtual property’. WOW 😲 BITCOIN IS LEGALLY PROTECTED IN CHINA Today the first property dispute case on...

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Has Bitcoin (BTC) Lost The Strength To Go Up?

Bitcoin (BTC) has closed the day below the 21 Day EMA but we wanted to wait for further clarity to have a better idea of what is going to unfold here. The price has faced a clear rejection at the 38.2% fib retracement level from the local top. As long as the price remains below this level, there is no hope of any sustained move to the upside. If BTC/USD falls from here, the decline is likely to be very sharp and we will see it come down to $7,200 or lower levels before it can find temporary relief. There...

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