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Binance Breach Doesn’t Crash Bitcoin - Is the Market Maturing?

If history is anything to go by, a hack or exchange breach is something that would usually send a lot of cryptocurrencies to the depths. But after the recent Binance breach that occurred yesterday, the market doesn’t seem that all affected by it. Prices Maybe it is a sign that the market is finally maturing that the Binance hack hasn’t really had an impact on Bitcoin and the gang. Now we said it didn’t REALLY have an impact, it still affected the leading currency but it was nowhere as severe as everyone thought it to be. Bitcoin was trading above...

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Sally Ho's Technical Analysis 8 May 2019

Bitcoin Bitcoin (BTC/USD) was volatile early in today’s Asian session as the pair came off to the 5656.26 area, just above the 5650.01 level that it has bounced above several times in recent trading sessions. During yesterday’s European session, the pair raced higher to the 5974.51 level, its strongest showing since 14 November 2018. Price faded during yesterday’s European and North American sessions after stopping short of testing the psychologically-important 6000 area. Traders are paying very close attention to how BTC/USD reacts on pullbacks. Chartists are eyeing some new retracement levels including 5581.93/ 5463.76/ 5345.58, related to the 4963.00 –...

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Bitcoin (BTC)’s Next Decline Likely To Begin Before Month’s End

Bitcoin (BTC) is attempting to break the biggest resistance zone that stands between it and its next bull run. The irony is that majority of the traders that expected this level to hold as support and to never break are now expecting it to be broken in one go as the price is ready to test it as resistance. This speaks volumes about the stage we are currently at. It shows that the market has yet to inflict maximum pain and that we are definitely due for further downside before any trend reversal occurs. Let’s face it, if BTC/USD were...

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“BCH will outperform BTC in the coming years” - Roger Ver

Bitcoin Jesus - or Roger Ver - has recently spoken in an interview with Coinspeaker where he spoke about Bitcoin Cash and the potential it has to outperform the leading cryptocurrency because it will allow the globe to use money in a sense that it won’t be able to be censored, stopped or regulated. Ver is well-known to be an outspoken advocate for personal freedoms and Bitcoin Cash and has spent the last (almost) decade investing in crypto related projects for building a future in which people will enjoy a kind of economic freedom that wasn’t possible before the advent...

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Bitcoin Touches $6k as Ethereum is the Biggest Gainer with 10% Increase

Less than a week after recording new highs for the year, Bitcoin has made some huge steps towards the $6,000 key resistance level. At the time of writing, Bitcoin is worth $5,924 following a 4.14 percent increase over the past 24 hours. It seems that the rest of the market has benefitted from Bitcoin’s increase too as altcoins have been pushed up towards a total market cap of $190 billion. BTC current has a 55.8 percent dominance over the market as it seems to be showing off as enthusiasts are just trying to ignore the still ongoing scandal with Tether...

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