Bitcoin Price Undecided Below $650
The bitcoin price chart remains in slumping mode and continuing decline is inevitable, yet, interspersed with crosscurrents. Best to sit out until a clear signal becomes evident in the charts. Price is likely to oscillate within the range of the past few days before a definitive signal manifests in the chart. Notice in the 4hr chart, above, that price remains below the 20MA (green). There is little techincal resistance to continuing decline, but we remain cautious of a bullish stampede higher, prior to such decline. It would be plain contrary to say Brexit had nothing to do with the market....
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Bitcoin price is back at $50,000. The market is still undecided about the ultimate direction the cryptocurrency moves next. But according to a repeating fractal pattern that has appeared again and again, the only direction for the next several weeks could be up. Here is a closer look at a side-by-side comparison that has appeared […]
Bitcoin has broken fresh 2020 highs as uncertainty remains in the U.S. presidential election.
During the debate, Schiff said that “in reality, Bitcoin and gold have absolutely nothing in common” as gold has value due to its metallic properties while Bitcoin is just a “giant pump and dump. ” Gold proponent and crypto skeptic Peter Schiff has been crowned the winner of a debate on whether gold is a superior store of value to Bitcoin.Schiff was facing off against Skybridge founder and former politician Anthony Scaramucci in a debate hosted by Intelligence Squared on Aug 25. Before the gold vs Bitcoin debate began, a poll scored 38% of the online audience in favor of the precious....
Bitcoin price is winding sideways for a second day. Supposedly neutral GDP and Production data out of China failed to catalize a market move earlier today. Global markets were awaiting the data release with great anticipation, since negative figures from China would have provided the catalyst for selling in the current season of Financial Meltdown glut. But the data (most likely cooked) did not provide the market with an excuse to rout stocks, nor did it send the BTC/CNY exchanges into a buying frenzy, as we’d have expected. Bitcoin price is trading sideways. The 15-minute and 1-hour....
Data shows the Bitcoin trader sentiment has hit a net neutral level as the consolidation in the cryptocurrency’s price has continued. Bitcoin Fear & Greed Index Is Currently Exactly In The Balance The “Fear & Greed Index” refers to an indicator created by Alternative that keeps track of the average sentiment present among the traders […]