Bitcoin Price Unfazed By Unveiling of Facebook’s Libra Crypto

View The unveiling of Facebook’s Libra cryptocurrency has failed to put a strong bid under BTC. The cryptocurrency may be vulnerable to a “sell the fact” pullback, too. The 4-hour chart indicates scope for a drop to $8,800. A break lower would expose key average located at $8,500. On the higher side, a high-volume above the crucial Fibonacci retracement level of $9,442 is needed to strengthen the case for a rise to $10,000. Bitcoin (BTC) is struggling to gather upside traction following Facebook’s official announcement of its Libra cryptocurrency project. At 09:00 UTC…

Bitcoin Trend Overwhelmingly Bullish: Dips In BTC Remain Supported

Bitcoin price traded to yet another 2019 high near $9,470 and corrected lower against the US Dollar. The price is trading nicely above the $9,200, $9,150 and $9,000 support levels. There is a key breakout pattern forming with support near $9,220 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct towards the $9,150 or $9,000 support before it starts a fresh rally. Bitcoin price is showing a lot of bullish signs above $9,000 against the US Dollar. BTC currently traded towards $9,500 and…

Bitcoin Leaves Other Asset Classes in Dust as Market Stars Align

Published: 17/06/2019 16:40 EST By CCN Markets: Investors who are not generating returns in 2019 are clearly looking in the wrong place. Considering bitcoin claimed a fresh 2019 high to nearly $9,400 over the weekend, other asset classes have a hard act to follow. Gains across the stock market and commodities including oil and precious metals such as gold pale in comparison to bitcoin’s, and investors must be kicking themselves for not recognizing the opportunity in crypto. There’s no shortage of explanations as to what is fueling bitcoin’s rise, ranging…

Bitcoin Price ‘Could Fall to $6,500’ Before Next Bullish Spike: eToro Analyst

Published: 17/06/2019 13:00 EST By CCN Markets: The price of bitcoin has broken through the $9,000 mark and seems well on its way to $10,000, but brokerage firm eToro believes that there’s a pullback in the cards before the cryptocurrency enjoys its next bullish run. The price of bitcoin has broken past the $9,000 mark, but eToro analyst Simon Peters believes that there will be a pullback before the bullish run continues | Source: TradingView Simon Peters, an analyst at the multi-asset investment platform eToro, has warned investors to be…

JP Morgan Analyst Admits Institutions are Behind the Bitcoin Bull Run

An analyst associated with the US multinational bank JP Morgan Chase has admitted that institutional investors are behind the ongoing bitcoin price boom. Bloomberg quoted Nikolaos Panigirtzoglou saying that the market hugely understated the importance of the listed bitcoin futures contracts, mostly because of the overstating of trading volumes by cryptocurrency exchanges. But after asset management firm Bitwise clarified that almost 95 percent of the total reported volumes in the bitcoin market might be fake, the actual amounts posted by the bitcoin futures contracts started showing a bullish picture. Panigirtzoglou found that…

Bitcoin Worth Over $9,200 as Top Cryptos See Growth

Friday, June 14 — Most of the top 20 cryptocurrencies are reporting moderate growth on the day by press time, as bitcoin (BTC) crossed the $9,200 mark. Market visualization courtesy of Coin360 Bitcoin is currently up over 6% on the day, trading around $9,250 at press time, according to Coin360. Looking at its weekly chart, the coin is up over 13%. Bitcoin 7-day price chart. Source: Coin360 Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at just over $29 billion. The…

Facebook, Binance, Chinese Yuan Combine to Boost Bitcoin above $9000

By CCN Markets: The price of bitcoin (BTC) on Sunday surged above $9,300 to establish a fresh year-to-date high. The bitcoin-to-dollar exchange rate touched $9,388 at 0600 UTC — its highest since May 30 — on San Francisco-based cryptocurrency exchange Coinbase. The move brought the pair’s net rebound gains close to 200-percent, including a 154-percent since 2019 open alone. It further prompted bitcoin’s market capitalization to jump above $165 billion. At its highest, the cryptocurrency’s net valuation was more than $327 billion. Bitcoin Price Has Surged 7% in Last 24 Hours…

Bitcoin (BTC) Price Breaks $9k: Next Possible Target $10K

There were sharp gains in bitcoin price above the $8,000 resistance area against the US Dollar. The price rallied above the $8,500 and $8,800 resistance levels to move into a positive zone. There is a major bullish trend line forming with support near $8,650 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is currently trading above the $9,000 level and it could continue higher towards the $10,000 level. Bitcoin price is gaining bullish momentum above $9,000 against the US Dollar. BTC is likely to…

Bitcoin (BTC) Price Hits First Target: Can Bulls Hit $8.8K or $9K?

Bitcoin price is n a positive zone and recently climbed above the $8,500 level against the US Dollar. The price is gaining momentum and it seems like it could even trade towards the $8,800 level. There is a major bullish trend line forming with support near $8,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip a few points, but it remains well bid above the $8,460 pivot level. Bitcoin price extended gains above the $8,500 resistance against the US Dollar. BTC is…

Bitcoin Surges as Analyst Warns That Binance Triggered ‘Altcoin Winter’

 By CCN Markets: The bitcoin price climbed as high as $8,450 on Friday morning, lifting the flagship cryptocurrency to its highest mark since June 3. The trigger for that rally? Binance. The fallout? A punishing “altcoin winter” that could slaughter altcoin valuations while bitcoin continues to trend higher. Binance US Launch Could Trigger Brutal Altcoin Winter The bitcoin price cleared $8,450 on Bitstamp. | Source: TradingView That’s the shocking analysis of crypto economist Alex Krüger, who warns that Binance’s decision to launch a regional US exchange and boot US traders…