Bitcoin Price Taps $50K, But Here’s Why Bulls Aren’t Out Of The Woods
Bitcoin price this morning touched $50,000 – a feat that might have have made a bear market look a lot less likely. But bulls could be celebrating too early, and a max pain scenario of a symmetrical triangle few currently see could end up shaking up both bears and bulls in the days ahead. Here is a much closer look at the symmetrical triangle, what the corrective pattern suggests, and why bulls certainly aren’t out of the woods just yet. Downtrend Remains Unbroken, Symmetrical Triangle Possible Downtrends can be deceiving. They don’t always necessarily mean a bear market, and....
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Bitcoin’s price has stagnated over recent weeks in a tight range. Despite this price action, the fundamentals for the cryptocurrency are rapidly strengthening. Investors in Bitcoin got a boost just recently when the International Monetary Fund called for a new Bretton Woods moment. Bretton Woods was the agreement in 1944 that integrated the gold standard and implemented a monetary world order. Analysts think that this call for “another” Bretton Woods moment will boost Bitcoin. The […]
The Bretton Woods 2015 White Paper lists the goals, opportunities and threats faced by Bitcoin industry. It also offers certain recommendations which could help build a harmonious relationship between the Bitcoin industry and regulators. The North American Bitcoin Conference held on 21 and 22 January in Miami saw the release of Bretton Woods 2015 White Paper. The report, a comprehensive study on the history, currency status and future of Bitcoin and Blockchain technology was released by Joe Colangelo, the Executive Director of Consumer’s Research – the organization that commissioned this....
Bitcoin has seen some mixed price action as of late, with bulls attempting to push it higher yesterday before it saw a strong rejection that sent it tumbling lower The crypto is still trading firmly within the trading range that it has been caught within throughout the past several weeks, and not much has changed from a structural perspective Despite the apparent intensity of this selloff, one analyst is noting that he isn’t too concerned […]
If you don’t yet have a ticket or aren’t traveling to Miami at the moment, we have great news for you. There will be a “Bitcoin 2021” Livestream via YouTube, here’s the first day link, and here’s the second one. We at Bitcoinist already gave you a handy guide full of rumors for the event, […]
The IMF panel on cross-border payments was a Central Bank Digital Currency (CBDC) discussion in disguise, headlined by Jerome Powell, chairman of the Federal Reserve. The post Video: The Fed Considers CBDCs And Bretton Woods 2.0 appeared first on Bitcoin Magazine.