Impending CME gap close could propel Bitcoin price to $18,000
Bitcoin bulls are aiming to close the overhead CME gap in order to create a path to $18,000. Within the last hour Bitcoin (BTC) price surged through the $16,200 level to secure a new 2020 high at $16,473. BTC/USDT daily chart. Source: TradingViewThe 6.62% move brings the top-ranked digital asset closer to closing a CME gap in the $16,465 to $16,570 zone and a growing number of analysts expect the price to break above the $17,200 level if the CME gap is closed.Despite the excitement surrounding Bitcoin’s surge to a new multi-year high, Cointelegraph contributor Micheal van de Poppe pointed....
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Zapchain becomes the latest Bitcoin-based startup to close its doors. ZapChain, the Bitcoin-based content sharing and tipping platform is soon going to shut down. The Reddit like social media platform focused on Bitcoin and cryptocurrency technology has announced its impending demise on its user’s timelines. The notification on states, “ZapChain will be shutting down on, or shortly after August 31, 2016.Please withdraw your balance.” Founded by Adam McKenna and Matt Schlicht, the platform became popular with the Bitcoin community after it offered an efficient way to monetize the content.....
Promoted: Mazer Gaming has announced the second edition of its cryptocurrency-fueled charity esports tournament. The post Mazer Gaming Gives Back Tournament Returns To Propel Bitcoin Adoption appeared first on Bitcoin Magazine.
Sports and crypto continue to see major crossover, and while some deals come to an impending close, other doors have opened this past week as well. Bear markets will shake out unstable or unsustainable players, and push effective and efficient players to their brink. CeFi platforms have been falling, and with that comes question marks […]
The number of “bitcoin millionaires” is booming, but there’s still a lot of room for growth, which will propel the bitcoin price as well.
Bitcoin looks strong and the indicators point to a possible break above $14,000 while altcoins could underperform in the short-term. Bitcoin (BTC) has rallied about 90% year-to-date and has risen close to 191% from its March lows. The rise has been gradual without much fanfare, which suggests that crypto believers are the ones who have been buying in 2020.October’s monthly close at $13,798.99 is the highest ever, surpassing the December 2017 close at $13,789.68. The strong performance of Bitcoin may now attract the momentum players and the speculators who look to benefit from the....