Coin Market Cap
 

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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Is Bitthumb A Prime Example Of The End Of Bitcoin?

As I write this, Bitcoin is losing the ground beneath its feet and there is growing pessimism about the future of cryptocurrencies. There are some enthusiasts that believe that the Bitcoin bubble has already burst and they seem to expect the price of the leading cryptocurrency to go one of two ways. Either it could surge up to its all-time highs or it could drop further below its current predicament. The price of Bitcoin was once at $20,000 but since then the leading cryptocurrency plummeted to lows of less than $3,500. Once one of the biggest cryptocurrency exchanges in the...

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Vontobel Bank Considering Cryptocurrencies As Custody Solution

Switzerland is a big country when it comes to the world of finance, however, being a key player in the finance space doesn’t seem to be enough for the country as it is now looking to consolidate itself as one of the most important countries for cryptocurrency adoption too. One of the biggest private banks in the country is Vontobel which has decided to ‘merge’ both the cryptocurrency world and the traditional finance sector. In announcing the launch of Digital Asset Vault, a crypto asset custody service which treats them in a similar way to traditional physical goods, Vontobe are...

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Bitcoin (BTC): The Giant Falling Wedge No One Is Talking About

When a market is pushed to an extreme, investors begin to allow sentiment to influence their decision making more than cold hard facts and numbers. This kind of behavior is not confined to the bull market where we see investors deliberately ignore the parabolic rise. Around the end of a bear market when the bearish sentiment is at its peak, investors tend to ignore bigger patterns and instead they focus on smaller time frames to predict bigger outcomes. They are so focused on smaller time frames that they lose sight of the big picture. There is giant falling wedge forming...

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Prolonged Bear Market Forcing Mining Firms To Close

This week another Bitcoin miner shut down its operations this week, although the news didn’t seem to shock many. The latest closure is the US-based Giga Watt which went bankrupt last year. This follows on the trendline among big mining operation that stretches back years. Giga Watt was only set up in 2017 and they announced their bankruptcy last year in a Telegram message saying that they would be halting all operations. Part of the message said. “as was reported in November of 2018, Giga Watt voluntarily filed with the Bankruptcy Court seeking debt relief and reorganization.” Adding on to...

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