Bitcoin Mining Finally Profitable – Does That Prove We’re in a Bull Market?

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN: According to Alex Krüger, an economist and a global markets analyst, the breakeven cost for efficient bitcoin mining operations currently hovers at around $3,550. The bitcoin mining operational…

Bitcoin Stirs Imminent Crypto Bull Stampede with 44% Gains in 2019

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN.com: Year-to-date, the bitcoin price has increased by 44 percent against the U.S. dollar from $3,700 to $5,320, becoming one of the best-performing assets in the global market alongside…

Next Bitcoin Bull Run Slays 2017’s ‘Hype-Driven’ $20,000 Rally: Researcher

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN.com: Tom Shaughnessy, a co-founder at Delphi Digital, an independent research boutique for institutional-grade analysis, believes the next bull run of bitcoin will be bigger than the previous rally.…

Bitcoin Price Aims for ‘Parabolic’ Bull Market, Sets Long-Term Target at $72,000

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. From 2015 to 2017, the bitcoin price surged from around $150 to $20,000 in a parabolic movement, demonstrating a staggering gain of 13,233 percent within a two-year period. Big question…

Bitcoin Price Repeating the 2017 Bull Run Scenario: Kain Warwick

The ongoing bitcoin price action could transform into a bull run as seen in December 2017, according to Kain Warwick. The chief executive at Blueshyft, an Australia-based payment processing service, noted an increase in their daily volumes a day after the bitcoin rally began. He confirmed that the activity was as high as it was during the last bitcoin bull run – the same in which the asset’s price had jumped $5,500 to $20,000 in just a month, adding that retail buyers were coming back into the market. Yesterday @Blueshyft…

5 Reasons Bitcoin Bull Rally is Just Starting after 2019-High Above $5,000

The bitcoin price briefly crossed the $5,000 in several major regions on April 2, officially surpassing the $4,800 mark in global average price. The bitcoin price surges 19 percent within minutes (source: coinmarketcap.com) The somewhat expected increase in the price of bitcoin left many investors, including industry executives, bewildered about the factors that led the dominant cryptocurrency to surge. 1st Factor: A Purely Technical Move Throughout the past week, CCN reported that the $4,200 resistance level is crucial for the near-term price movement of bitcoin and once the level is…

Sudden Bitcoin Price Breakout Sets New Bull Target at Over $5K

View With bitcoin’s move today to 4.5-month highs near $5,080, the transition from bear to bull market appears done and dusted. The trend change would gain credence, though, if and when BTC finds acceptance above the former support-turned-resistance of the 21-month exponential moving average (EMA), currently at $5,200. The cryptocurrency is looking overbought as per the 14-day relative strength index, so prices may have a tough time breaking above $5,200 in the near-term. Bitcoin could see a pullback to $4,400 if signs of bullish exhaustion increase in the next few…

Bitcoin Price Could Blitz Beyond $150,000 During Next Bull Cycle in 2023

Despite the 82 percent drop in the valuation of the crypto market in the past year and the inability of bitcoin to recover beyond $4,000 in the past three months, one analyst sees the dominant cryptocurrency surpassing $150,000 by 2023. Josh Rager, a cryptocurrency technical analyst and investor, said that based on the price trend of bitcoin since 2011 and the pattern of bitcoin rebounding from a correction following an all-time high, he sees bitcoin achieving a new peak price in 2,051 days, by 2023. The next Bitcoin cycle should…

Bitcoin Still Needs $190 Price Gain for Bull Reversal This Month

View Bitcoin created a bullish “engulfing candle” last month, confirming seller exhaustion. A bullish reversal, however, would only be confirmed if price closes above $4,190 (high of the engulfing candle) on March 31. A bullish monthly close would open the doors to $5,000, although gains may be hampered by the crucial 21-week moving average, which is still trending south. The prospect of a bullish monthly close above $4,190 would drop sharply if prices find acceptance under the 30-day moving average, currently at $3,900. That average line has served as strong support…

Bull Return? Bitcoin Again Rebounds From Strong Price Support

View Bitcoin has again created a higher low along the 30-day moving average line, neutralizing Monday’s bearish close below $3,920. A move above $4,055 (March 21 high) is still needed to revive the short-term bullish setup. That could be followed by a rally to resistance levels lined up at $4,190–$4,236. A UTC close below the 30-day moving average, currently at $3,889, would put the bears in a commanding position, opening the doors for a drop to support levels at $3,775 (March 14 low) and $3,658 (Feb. 27 low). Bitcoin (BTC)…