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Excitement rallies in the crypto space as bitcoin crosses $12,000, but will it hit four figures again?

When we look back on this year on the 31st of December, we’ll probably be ringing in 2021 with more excitement than ever before.  It's safe to say that this year has been terrible for everyone involved but for the crypto world, things seem to be on the up.  When we look back on this year on the 31st of December, we’ll probably be ringing in 2021 with more excitement than ever before. It's safe to say that this year has been terrible for everyone involved but for the crypto world, things seem to be on the up. Earlier today,...

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Sideways Action in BTC/USD Ahead of 12000 Test? Sally Ho's Technical Analysis 10 August 2020 BTC

Bitcoin (BTC/USD) sought fresh market sentiment early in today’s Asian session as traders waited to see if buying activity will soon be able to reclaim the psychologically-important 12000 figure.  After the pair’s recent climb to the 11920 area and subsequent decline to the 11350 area, trading activity has been relatively sideways.  Traders remain focused on the 11395.78, 11372.38, 11350.94, and 11307.97 areas during pullbacks lower, representing the 23.6% retracements of the recent appreciating ranges that commenced around the 9005.00, 8905.84, 8815.01, and 8632.93 areas.  A key level where buying pressure recently emerged is around the the 11529.38 level,  a test of the...

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BTC/USD Feels Defensive Below 11750: Sally Ho's Technical Analysis 9 August 2020 BTC

Bitcoin (BTC/USD) was a bit on the defensive early in today’s Asian session as bears again seemed to be in control following selling pressure that emerged around the 11818.18 area during yesterday’s North American session.  Traders pushed the pair lower to the 11608.78 area during yesterday’s North American session, testing the 100-hour simple moving average.  Bids emerged right around the 200-hour simple moving average late last week.  Traders are immediately focused on the 11395.78, 11372.38, 11350.94, and 11307.97 areas, representing the 23.6% retracements of the recent appreciating ranges that commenced around the 9005.00, 8905.84, 8815.01, and 8632.93 areas.  A key level where...

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Max Keiser gives his bullish prediction on why Bitcoins future is looking up

Bitcoin won’t see any resistance until it hits $28,000. At least, that’s according to Max Keiser who recently took to Twitter to add saying that the $20,000 level won’t see any resistance either.  He even went on to say that the assault on $100,000 will start after bitcoin hits such a milestone. Bitcoin won’t see any resistance until it hits $28,000. At least, that’s according to the well-known bitcoin advocate Max Keiser who recently took to Twitter to add saying that the $20,000 key resistance level won’t see any resistance either. He even went on to say that the assault...

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Traditional payment systems are failing: Is cryptocurrency the future?

Various projects have followed the tremendous evolution towards digital payment systems in the 21st century. The improvements have been stunning from the use of ATM cards and POS machines to online payment models like PayPal and Payoneer. Nevertheless, this evolution has been daunted by quite a lot of limitations, including fraud, scams, and endless regulations. On June 25, electronic payment service, Wirecard collapsed after the CEO was said to have committed a “sophisticated and elaborate fraud” of almost 3.5billion euros. The money had been previously thought to be in two Philippines banks, but the banks denied the claims. For many...

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