Bitcoin Price Stays Put, Can Traders Finally Relax?
Since our last bitcoin price piece, the markets haven’t gone anywhere. Presently, the price is hovering around $455, which is relatively unchanged from where it previously held ground. Bitcoin has found a comfortable place that it evidently enjoys, so we probably shouldn’t expect dramatic change any time soon. Bitcoin Price Takes a Rest. But as one source puts it, things are set for a flash of the old gloom and doom: “A price downdraft, today, has pulled the price to $454… Given the bearish indications in the 1-day and 1-week candle charts that were explored in last week’s analysis, there....
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A few Bitcoin traders expect now expect a deeper correction but data suggests that a relief rally toward $18,000 should not be ruled out. The price of Bitcoin (BTC) has been consolidating above $17,000 on Nov. 28 following a major correction from $19,400. In the near term, traders anticipate the dominant cryptocurrency to see another steep pullback.There are three main reasons why traders expect a deeper drop to occur in the near future, namely, historical cycles, the Fibonacci Sequence, and the record-high open interest of the futures market. BTC/USDT 4-hour chart (Binance). Source:....
A hospitality brand from the United Arab Emirates(UAE), Stella Stays, has announced that its clients can now pay for services with cryptocurrencies. Clients can pay with bitcoin, ethereum, and 35 more digital assets. Stella Stays’ Tilt Towards ‘Futuristic Tech Offerings’ The UAE-based hospitality brand Stella Stays now accepts cryptocurrencies via its e-commerce platform, a report has said. According to the report, the company’s guests can now pay with bitcoin, ethereum, and 35 other cryptocurrencies. Following the announcement, the company’s CEO and....
Ethereum was able to clear the $1,650 resistance against the US Dollar. ETH might rise further towards $1,800 if it stays above the $1,625 support. Ethereum was able to slowly move higher above $1,640 and $1,650. The price is now trading above $1,650 and the 100 hourly simple moving average. There is a major rising channel forming with support near $1,645 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it stays above the $1,625 support zone. Ethereum Price Starts Recovery Ethereum was able to start an upside correction above the $1,600....
Bitcoin price has been wasting everybody's time while the market conceded to jittery [high volume] trade in the CNY exchanges. China may be the world's second largest economy, but it is not the first. US traders and their European prodigenators can establish dominance in the chart, if they think themselves big. 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: 16h10 UTC. OKCoin 3Mth 1-Hour Caart. From the analysis pages of xbt.social,....
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says that cryptocurrency “is not going to end well if it stays outside the regulatory space.” The SEC has been criticized for taking an enforcement-centric approach to regulating the crypto industry.
SEC Chair Says Crypto Will Not End Well Staying Outside Regulations
SEC Chairman Gary Gensler talked about cryptocurrency regulation Monday during an interview with former federal prosecutor Preet Bharara at Code Conference in Beverly Hills, California.
He explained that the....