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Crypto Confidence Rising As BTC Surpassed $8k

Despite Bitcoin being all over the place this past week, a lot of wealthy investors haven’t lost their faith in crypto or the space and they actually intend to stake a lot more money into the market over the next three years according to a survey. Two of three millionaire investors have already got a cryptocurrency or they plan to get ahold of one before 2023. This confirmation came from more than 700 investors across thirteen nations with £1 million or more available to invest. Founder and CEO of one of the leading financial advice firms deVere Group, Nigel Green...

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Sally Ho's Technical Analysis 20 May 2019

Bitcoin Bitcoin (BTC/USD) encountered some profit-taking early in the Asian session after being lifted to the 8315.00 area late in yesterday’s North American session, just below the 76.4% retracement of the move from 9948.12 to 3128.89. The pair then traded as low as the 7800.00 figure early in the Asian session. Both 8186 and 8210 represented short-term upside price objectives following yesterday’s price activity and Stops were elected above both of those areas, pushing the pair close to fresh multi-month highs and to levels that preceded the massive sell-off late last week. Chartists are again focusing on important levels of...

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Why Bitcoin (BTC) Might See Another 2018 Styled Bear Trend

If there is one thing everyone is buying right now, it is that Bitcoin (BTC) has bottomed just like it did in 2015 after it formed a blow off top. It is very tempting to believe that we are in that part of the cycle because the ongoing cycle resembles that cycle in many ways. However, there are some stark differences that traders and analysts seem to have ignored due to their strong bullish bias. Before we discuss those, let us analyze why BTC/USD might be printing another 2018 styled bear trend. If we look at the 4H chart for...

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Microsoft’s Next Big Move For Bitcoin

Leading tech giants Microsoft, the company responsible for the format of modern computers and of course, Windows, aren’t strangers to Bitcoin and blockchain technologies. As a matter of fact, the founder of Microsoft, one of the most prolific tech-figures in the world; Bill Gates is often found to be talking about Bitcoin and other cryptocurrencies, though his feelings on Bitcoin are a little unclear - Gates often remains cryptic in his messages. Even so, Microsoft themselves have been working on blockchain based projects for some years now, it’s actually quite uprising they haven’t branched into the production of their own...

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Sally Ho's Technical Analysis 19 May 2019

Bitcoin Bitcoin (BTC/USD) found some buying pressure early in today’s Asian session and lifted higher to the 7578.75 area, not too far below the 50-bar MA (4-hourly). During yesterday’s European session, the 50-bar MA (4-hourly) was toppish for several hours and then traders were unable to move the price above the same barrier during the North American session. The pair is still trying to claw back the losses it incurred following its sharp move lower two days ago. Above current price activity, the 7709.26 area is a key level that traders continue to focus on, representing the 23.6% retracement of...

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