Hot Topics

Advertisement

Advertisement

Why current events indicate bitcoin to be bullish

Anthony Pompliano has recently said that it is hard to not be bullish on bitcoin.  This comes despite the ongoing chaos throughout the world brought on through COVID-19. The co-founder of Morgan Creek digital and well-known bitcoin advocate, Anthony Pompliano has recently said that it is hard to not be bullish on bitcoin. This comes despite the ongoing chaos throughout the world brought on through the pandemic of COVID-19 and the demonstrations of the black lives matter movement. In fact, Pompliano said that due to the ongoing tension in regards to Fiat currency, bitcoin is looking extremely good.  When it...

Read More

9189 and 9256 the BTC/USD Levels to Watch: Sally Ho's Technical Analysis 30 June 2020 BTC

Bitcoin (BTC/USD) remained pressured well below the 9500 level early in today’s Asian session as the pair remains unable to gain much traction above the 9200 area.  Technical selling pressure emerged around the 9189.00 area early in yesterday’s Asian session, right around the 38.2% retracement of the recent depreciation from 9792.00 to 8815.01.  The 9045.58 area represents the 23.6% retracement of this depreciating range, and traders will observe if BTC/USD will be able to derive any sustainable technical support around this area.  Notably, the 8993.44 area is  a retracement level that represents the 61.8% retracement of the appreciation from 8106.70...

Read More

Bitcoin Might Retest Trend Line Resistance One Last Time

Bitcoin is ready to test the previously tested trend line resistance one last time before the downtrend begins. This happened the last time as well when BTC/USD ended up testing the top of the symmetrical triangle for the fourth time before it crashed below it. This time it appears to be doing the same as the price action is a lot similar to that of the fractal from March. The S&P 500 (SPX) also seems ready to climb back into the already broken symmetrical triangle one last time before the downtrend continues. However, the long-term outlook remains bearish. It has...

Read More

Ciphrex CEO explains why bitcoin is not the ‘future of finance’

The argument that crypto is better than Fiat currency is an age-old argument by this point.  There are many big celebrities all over the world who own somewhat of a percentage in Bitcoin and other crypto-assets. The argument that crypto is better than Fiat currency is an age-old argument by this point. There are many big celebrities all over the world who own somewhat of a percentage in Bitcoin and other crypto-assets. Despite there being a lot of controversy and regulations surrounding bitcoin, many people have turned to the asset as a store of value. Eric Lombrozo, the founder of...

Read More

Albanian President Ilir Meta discusses bitcoin in new law

Albanian President Ilir Meta has returned to the government with another law for review in regards to bitcoin. He has returned to Parliament with a lengthy discussion in regards to this new movement as the head of state says that this level creates further space for money laundering as well as avoiding the fiscal obligations within the nation. Albanian President Ilir Meta has returned to the government with yet another law for review in regards to the financial markets based on bitcoin. He has returned to Parliament with a lengthy discussion in regards to this new movement as the head...

Read More