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Posts published in “bitcoin trading”

Bitcoin (BTC) Price Watch: Bears Might Not Be Done Yet

Bitcoin Price Key Highlights Bitcoin price has rallied in the past few hours but also hit resistance on its channel. If this continues to keep gains in check, bitcoin could still resume the selloff to the support areas marked. Using the Fib extension tool shows the potential downside targets in the short-term. Bitcoin price might...

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Bitcoin (BTC) Price Watch: Support Holding, Bullish Pattern Forming

Bitcoin Price Key Highlights Bitcoin price looks tired from its selloff as it starts to show bullish moves. Applying the Fibonacci extension tool on this potential bounce shows the next upside targets. Technical indicators are still suggesting that sellers have the upper hand. Bitcoin price seems to be done with its correction and ready for...

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Bitcoin Price Watch: Revisiting the Downside Targets

 Bitcoin Price Key Highlights Bitcoin price is still on the move down and is testing the first Fib extension level. Stronger selling pressure could take it lower to the next downside targets also shown by the Fib extension tool Technical indicators are suggesting that bears could stay in control of bitcoin price action for a...

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Crypto Trading Platform E-Toro Expanding to the U.S.

Social trading platform E-Toro has some big plans. Founded over 10 years ago in Tel Aviv, Israel, the company recently announced that it will be expanding its cryptocurrency operation to the United States later this year. Also see: Why Do Small Businesses Accept Bitcoin? What’s It Like? Subscribe to the Bitsonline YouTube channel for more great interviews featuring …

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Square Embraced Bitcoin After Twitter CEO Jack Attended a Hackathon

Jack Dorsey has some very interesting opinions when it comes to Bitcoin. He thinks it will become the world’s single currency in ten years from now. However, his companies have always been adverse to Bitcoin and other cryptocurrencies. That recently came to change when Square integrated Bitcoin support. It seems there is a good reason...

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Bitcoin Price Watch: Eyes on This Classic Reversal Pattern

Bitcoin Price Key Highlights Bitcoin price could pause from its drop as a double bottom formation can be seen on the 1-hour chart. Price has quite a way to go before testing the neckline at $8,800. An upside break could lead to an uptrend of the same height as the double bottom formation. Bitcoin price...

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(BitMain’s Main Competitor is Planning for a $1 billion IPO) Bitcoin (BTC) Technical Analysis

Regardless of the slow price action and dip in prices, Bitcoin is still king of cryptocurrencies and many altcoins anchor their moves on it. While we remain hopeful of future recoveries, it is likely that the past few days’ price appreciation is but short coverings. Notice that there is a clear failure to march past...

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Bitcoin Price Watch: Weak Support Zone Just Close By

Bitcoin Price Key Highlights Bitcoin price continues to slide and is cruising inside a descending channel on the 1-hour chart. Price is approaching the bottom of this channel but it might not be strong enough to keep losses at bay. Oscillators are hinting at a bounce but moving averages suggest a break. Bitcoin price could...

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Bitcoin Price Watch: How Low Can BTC Go?

Bitcoin Price Key Highlights Bitcoin price has bounced off the area of interest previously highlighted to signal that the selloff would resume. Applying the Fibonacci extension tool shows how low bitcoin could go from here. Technical indicators are showing mixed signals, with the oscillators reflecting more bearish pressure. Bitcoin price is bouncing off the downtrend...

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Blockchain Retains Potential to Disrupt Even If Bitcoin Gets Bought Out

As Bitcoin becomes part of the global financial system blockchain may still prove out the utopian ideals that went into creating it. Bitcoin is No Longer a Dirty Word Bitcoin was created in the wake of the of the 2008 financial crisis in part as a reaction to seeing the world’s largest banks ruin millions...

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