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How Low Can Bitcoin (BTC) Fall After A Short Term Correction To The Upside?

Bitcoin (BTC) is going down but not before it goes up first. If we look at the daily chart for BTCUSDShorts, we can see that the number of margined shorts has declined back towards the previous support. At the same time, conditions are ripe for a strong rally to the upside in BTC/USD. In order to trigger that rally to the upside, the sell pressure has to decline more which is why we expect the current support for BTCUSDShorts to be broken. That will hurt the bearish resolve short term and allow for a strong rally in BTC/USD towards $4,500....

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Bitcoin (BTC) Is About To Form A Major Bear Flag, Here’s What It Means

Bitcoin (BTC) is about to complete a major bear flag but the majority of investors seem unconcerned by what it means. A lot of Bitcoin (BTC) traders and investors are focused on the potential golden cross that might form if the 50 day moving average crosses above the 200 day moving average. However, they ignore the bear flag that we have seen form between November, 2018 and now. The daily chart shows that BTC/USD is currently trading above the 50 day moving average which is a good sign. Furthermore, the price could end up shooting towards the top of the...

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LTC Boosts Adoption, TRON CEOs Predictions & XRP to leave Coinbase

Another week, another crypto. This week has been an exciting one, even though the market has calmed down a bit from last weeks short bull run there’s still been a lot going on in the crypto space. This week saw Litecoin join the kickboxing world, the TRON CEO, Justin Sun giving his prediction on the Bitcoin price for 2019 and several rumours come about in regards how long Ripple (XRP) might last on Coinbase. Kicking it with Litecoin As we reported on 27th February, the Litecoin Foundation will be partnering up with the premier kickboxing league Glory which will make...

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BTC Trader Attacked In His Home By Thieves

Another week and Bitcoin has been involved in yet another crime. One Bitcoin trader has been attacked in his home in the Netherlands by a group of robbers who were dressed up as police officers. Tjeerd H. has been the victim of a violent raid in his home in Drouwenerveen in Holland on 10th February where a group of criminals threatened him with firearms whilst dressed in bulletproof vests and covering their faces with balaclavas. The motive of the crime hasn’t been established just yet but the local news outlet, De Telegraaf looked into it to find out more. The...

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Is Bitcoin a Bubble? These Investors Seem to Think so

Cryptocurrency is seen as an asset class that is like a bubble by the majority of investors and traders according to a recent Cayman Alternative Investment Summit (CAIS) survey. The researchers in the survey interviewed about a hundred alternative investors and fund managers in order to create the survey report at the sixth annual conference of CAIS from 6th Feb - 9th Feb. The results of the survey show that 45 percent of the investors that took part believe that as an asset class, cryptocurrency is something that represents a bubble. Furthermore, 20 percent of the participants believe that US...

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