Technicals suggest Bitcoin is still far from ideal for daily payments
Even with the rise of layer-2 solutions, many experts believe Bitcoin may have missed the boat as a currency for day-to-day remittances go. It is no secret that a vast majority of investors, both from the realm of traditional as well as crypto finance, view Bitcoin (BTC) as a long-term store of value akin to “digital gold.” And, while that may be the dominant narrative surrounding the asset, it is worth noting that in recent years the flagship crypto’s use as a medium of exchange has been on the rise.To this point, recently, the central bank of El Salvador revealed that its citizens living....
Related News
Bitcoin price is pulling back from highs set earlier this week and fear is already setting in over another potential drop. Although the top cryptocurrency is bullish according to most technicals and fundamentals, last night’s daily close left a bearish signal on the BTCUSD price chart that could suggest the fear is warranted. If the bearish candlestick signal is valid and confirms, a sharp pullback could reset the recent rally almost completely. Here is a closer look at the potential “gravestone doji” and why it could put the nail in the coffin on the latest push by....
Bitcoin price just pumped following news that Square made a massive purchase in BTC, however, the dollar regaining momentum as the top cryptocurrency’s wanes, could soon suggest a pullback and a better buying opportunity for the major payments corporation. Here’s what inversely correlated technicals are saying about the two vehemently opposed currencies. Why The Dollar’s Rebound Threaten’s Bitcoin’s Bull Run Beginnings Bitcoin is supposedly breaking out of a bear market. It has retested and confirmed […]
Bitcoin price is currently reeling due to a series of rejections above $60,000. After such a powerful impulse upward, technicals are severely overheated and beginning to turn down. But regardless of any technical-driven selloff that might result, such continued bullish fundamentals in the leading cryptocurrency by market cap could keep prices from going too low, […]
Chainlink (LINK) started a fresh decline after it failed near a major hurdle at $11.00 against the US Dollar. It is down 10% and it could accelerate lower below $8.00. Chainlink token price topped near a major resistance at $11.00 against the US dollar. The price is now trading well below the $10.00 pivot level […]
Chainlink (LINK) started a fresh decline after it failed near a major hurdle at $11.00 against the US Dollar. It is down 10% and it could accelerate lower below $8.00. Chainlink token price topped near a major resistance at $11.00 against the US dollar. The price is now trading well below the $10.00 pivot level […]