Bitcoin Value In The Doldrums
Market trade has pulled the Bitcoin value (price) to a marginal, but not a new, low. Divergence may force another wave higher on the next low - or sooner. The situation is grim: price waves have little range and, therefore, do not allow profitable trade. Additionally, there is market indecision about prospective direction, so identifying and positioning for the next price move has become a shot in the dark. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Value and Price....
Related News
Foreign investors are on an exodus out of stocks in Japan as disillusionment with the country’s economic policies sets in, according to a report. The latest news comes as Japanese fintech and bitcoin startups continue to post multimillion-dollar deals, providing a small but notable ray of hope. Reuters reports that foreign investors, including large....
MakerDAO has voted not to compensate victims of the "Black Thursday" flash crash, a former Pantera partner is launching a new crypto-focused fund and bitcoin may be headed to the doldrums as the U.S. dollar rises.
With the global crypto market in the doldrums, the focus today is on earning the highest staking yield on crypto holdings instead of selling them outright. But, the question is, which projects offer you the best earning opportunities? Well, we did all the heavy lifting to find an answer to this question. Here, we have […]
Despite a relatively slow market over the past few weeks due to the “summer doldrums,” it now appears as though volatility is making a slow return on both the upside and the downside. With that in mind, the technicals remain key in this environment. Last week when we returned from the Labor Day holiday in the US, the Bitcoin markets decided to take a jaunt to the upside to test what has been heavy resistance in the $630 area for over a month. Despite staying elevated for the better part of the week, this weekend brought a round of technical selling which took the price from the mid-$620’s....
Bitcoin in the Headlines is a weekly analysis of bitcoin media coverage and its impact. Despite setting off to a rather boring start, excitement peaked this week when reports surfaced that two former bitcoin exchange operators had been arrested on anti-money laundering (AML) charges in the US. Elsewhere, bitcoin enthusiasts were yet again confronted with the everlasting - and ever-boring - "chicken and egg" debate regarding the technology's expected advancement. Unlike last week, however, where mentions of the technology by financial bigwigs and political figures went largely unnoticed,....