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Bitcoin (BTC): Calm Before The Storm

Bitcoin (BTC) is currently down more than 4% for the month. The past few days have made the bears more confident as most of them are focused on smaller time frames. If we zoom in on the 4H or daily charts for BTC/USD, its future outlook does not look so good. However, if we zoom out and look at the weekly or monthly charts, everything lines up. The monthly chart for BTC/USD shows that Bitcoin (BTC) has already bottomed out and is currently just trading sideways before its next big move. The number of people who actually believe that Bitcoin...

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Bitcoin and Oil: Not As Different As You Think

With everything going on in the crypto space over the past few months, the fate of Bitcoin could very much likely be that of oil. The leading cryptocurrency brings in a lot of attention on a daily basis and with it, demand. This isn’t just a digital currency, it is something that offers freedom and financial catches too. The process that oil goes through is that same thing that Bitcoin goes through, mining. And right now it is a huge threat to the environment. There is a big percent of the world’s wealth which is held in the digital currency...

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South Africa Introduce New Rules For Crypto Companies

Wallet providers and cryptocurrency exchanges alike will have to register with regulators under rules proposed by South Africa’s Central Bank. In a consultation paper published earlier in the week, the South African Reserve Bank said that regulatory action on crypto assets need to be prioritised to protect consumers and investors by saying that consumers are left at risk due to the fact that “sellers of crypto assets are not regulated.” Discussing the possible regulatory approaches which could be taken, and by noting the “reputational risk” which is in the headlights if mistakes are made, the central bank proposes walking a...

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Training Developers To Help Grow Bitcoin

The open source protocol loved by many enthusiasts, Bitcoin is something that anyone can interact with. It is getting some serious attention and bringing in participation in many different ways. For example, speculation is something that everyone can get on board as well as the investing and sending money side of things. The whole of Bitcoin’s repository is on BitHub which is inviting for many developers to see the leading cryptocurrency’s code and maybe even put forward suggestions to fix the current issues it has. As reported by Nasdaq, talented developers are hard to come by though, so there isn’t...

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Bitcoin (BTC) Rallies But Faces Strong Rejection At Trend Line Resistance

Bitcoin (BTC) has rallied and once again the rally has failed. The price has faced strong rejection at its trend line resistance which coincides with the 21 Day EMA. This confluence of resistance levels has put Bitcoin (BTC) in a tough spot. Either the price will have to break this resistance now or it will have to retrace and consolidate before it can attempt to break out again. Either way, Bitcoin (BTC) is running out of time to take a decisive direction. The falling wedge in which the price has been trading since the beginning of the bear market does...

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