Bitcoin Price Analysis: Can The Market Jailbreak?
Bitcoin price is stuck inside a resistance zone. A skylight (and escape rally) is $20 above current price ($450 Bitstamp) but the market is turning its toe in the sand, and leaving the indicators to revert to neutral. Yesterday’s analysis considered long-term horizontal support and resistance (S&R) zones in the 1-day candle price chart since April 2014. Today we look at 2016 price action in the 4-hour chart. The same S&R zones are shown, with the addition of a diagonal support level below the rising price pattern from the January 2016 low. This ascending level represents a Fib line....
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Remember how Apple pulled all the cryptocurrency apps back in January? With the news that Apple would once again be allowing digital currency wallets, Blockchain has been working on re-releasing their wallet app, and it's finally here. Those with jailbroken Iphones were able to bypass Apple's restrictive App Store and download the Blockchain app through Cydia, the App Store-equivalent for jailbroken phones. Those without jailbroken phones were left with a choice to either be left without any bitcoin wallet or jailbreak their phone. However jailbreaking your phone comes with the risk of....
xbt.social analysis has been biased to a decline below $240 for the past week. Yesterday, Bitcoin price dipped below this important support level twice before retreating again this morning. Following a pullback, it is anticipated that the market will return price to this level - a break below it implying decline to at least $235. Readers are alerted to a new analysis update schedule: starting today, daily Bitcoin price analysis will be published at the start of the day (UTC). Articles will be updated with major market events, during the course of the day, where appropriate. This analysis....
On February 19, the Canadian podcaster and Freedomain Radio host, Stefan Molyneux, discussed his thoughts about bitcoin following the crypto asset’s tumultuous rise capturing over a trillion-dollar market valuation. Molyneux’s recent speech describes the liberating potential bitcoin could bring to the masses and how the crypto network has the ability to change humanity for the better. ‘Bitcoin Is a Currency That Serves the People at the Expense of the Parasites’ Just recently the crypto evangelist and philosopher, Stefan Molyneux, spoke about the Bitcoin blockchain....
On February 10, the well-known developer of Cydia and iOS Jailbreak, Jay Freeman, otherwise known as Saurik, published a Twitter thread about a bug he found in the Layer-2 (L2) scaling protocol known as Optimism. According to Freeman, the vulnerability, which has been patched, could have allowed an attacker to create an infinite amount of tokens. Cydia Creator ‘Saurik’ Discovers Optimism L2 Vulnerability Jay Freeman is a prominent software developer who is well known for his iOS Jailbreak and Cydia tools. Freeman’s Cydia graphical user interface (GUI) was released in....
Bitcoin value is holding price above support near $275 and attempts to sell price down have been foiled by strong buying support. Analysis considers market psychology at the current juncture in the chart, as well as potential outcomes. 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 Price Analysis. Time of analysis: 06h43 UTC. Bitstamp 1-Hour Chart. From the analysis pages of xbt.social, earlier today: The 1-day 20MA is currently located at $274.80 in the Bitstamp chart....