Crypto Currencies Investing, Mining, Trading News & Updates
“Despite bitcoin’s election-fueled rally, its 260-day complexity is not yet close to the 1.2 level that would signal the start of another crypto winter,” the BCA Research team led by Chief Strategist Dhaval Joshi said in a Nov. 14 note to clients. “Hence, while we should expect a near-term retracement, bitcoin’s structural uptrend is intact with an ultimate destination of $200,000+.”
Bitcoin price is trading with a positive bias and recently climbed above $10,800 against the US Dollar. The price is currently trading above the $10,500 support and it could continue to rise in the near term. Yesterday’s highlighted key bullish trend line is providing support near $10,510 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to grind higher as long as there is no close below the $10,400 support area. Bitcoin price is showing a lot of positive signs above $10,500 against the US Dollar. BTC remains supported for more gains towards the $11,000 and $11,200 resistance levels. Bitcoin Price Analysis Yesterday, we saw strong gains in BTC above the $10,500 resistance area against the US Dollar. The…
Investors’ tendency to prioritize conventional metrics over crypto-specific factors has implications for both Bitcoin the network and Bitcoin the asset.…
The post Bitcoin News Summary – July 1, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ?????????? A video surfaced this week of an Iranian Bitcoin mining operation running inside a mosque, buildings which receive free electricity in the country. It was reported that $260k worth of Bitcoin has been mined inside 100 different Iranian mosques. Meanwhile, the government is shutting