Dismal Jobs Growth and Consumer Spending to Supercharge Bitcoin – CCN.com

Being bearish on bitcoin has become fashionable, but one analyst explains why it’s never a good idea to bet against the largest cryptocurrency. | Source: Shutterstock Bitcoin bears have come out of hiding over the last few weeks as the number one cryptocurrency struggles to stay above $10,000. Since the digital asset printed a 2019 high of $13,880 on June 26th, market participants started to feel jittery. In the last month, market sentiment has ranged from fear to extreme fear. Crypto market participants are gripped with fear. | Source: Alternative.me…

Bitcoin Offers Escape From Crippling Monetary Policy – CCN.com

In the age of fiat money, bitcoin offers a sound alternative to perpetual inflation. | Source: Shutterstock According to Investopedia, the first paper money in the U.S. was issued on February 3, 1690 by the Massachusetts Bay Colony. Less than two hundred years later, Americans were able to trade $20.67 for an ounce of gold. In other words, the U.S. dollar was backed by gold. This was an effective system as it limited the monetary supply. In 1933, President Herbert Hoover famously quipped, we have gold because we cannot trust…

How To Trade Bitcoin Like A Whale, Not A Guppy – CCN.com

Bitcoin trading isn’t for everyone, but if you decide to take the plunge, it’s best to learn from the whales. | Source: Shutterstock As a bitcoin skeptic, I don’t think it is a good idea for anyone to be trading or holding bitcoin or any other cryptocurrencies. However, I recognize that many investors are watching the bitcoin action and want to get involved. While I think this is a terrible idea, there are trading strategies utilized by the so-called “whales” that you should avail yourselves of. The idea behind these…

Ethereum Will ‘Mega Moon’ Against Bitcoin, Predicts Trader

Ethereum continues to languish against bitcoin. Here’s what it needs to break the downward spiral. | Source: Shutterstock To say that Ethereum is weakening against the king of cryptocurrencies would be a huge understatement. The ETH/BTC pair is down by nearly 50% year-to-date as it languishes in bear territory for 17 months and counting. The sentiment is so overwhelmingly bearish that some traders are happy to short the crypto pair. $ETH / $BTC 4Hethbtc short setup pic.twitter.com/2vH5M25M3W — Suprematic Wassie (ex_hermit) (@GothBtcSinner) September 10, 2019 Nevertheless, big accounts in the…

Bitcoin’s Boring Again. Is $10,000 BTC’s Yawn-Worthy New Normal? – CCN.com

Bitcoin’s suddenly boring again. Has $10,000 become the yawn-inducing new normal for BTC, or will the market wake back up soon? | Source: Shutterstock After bitcoin’s parabolic renaissance sparked hopes of new highs back in April, the expectation of BTC reclaiming $20,000 has become a fleeting reality. In recent weeks, bitcoin has sluggishly ranged between $10,000 and $11,000, causing its trademark volatility to vanish. Tranquil Bitcoin Market Leaves Traders Daydreaming of More Volatile Times Research from cryptocurrency fund manager Blockforce Capital reveals that BTC volatility is currently languishing at a…

Bitcoin to Make a Big Move in ‘a Week or Two’ – CCN.com

Is bitcoin destined for a severe drop to $7,000 or will it defy the bearish calls? On investment executive thinks we’ll find out in a few weeks. | Source: Shutterstock Bitcoin’s inability to make a new 2019 over the last couple of months has made many traders uneasy. Some are even calling for a severe drop from $10,000 to $7,000 as the number one cryptocurrency paints a familiar bearish structure. Classical charting expert Peter Brandt recently took to Twitter to share his latest analysis on the digital asset. In the…

Bitcoin Traders Fear Sub-$10,000 Drop if This Key Level Breaks – CCN.com

A big pullback awaits if bitcoin slips below a key psychological level, according to traders. | Source: Shutterstock The bitcoin price has dropped from $10,968 to $10,285 in the past three days. If BTC fails to remain above $10,100, traders anticipate a bigger pullback below the $10,000 level. Since early August, the bitcoin price has demonstrated volatility within a large range between $9,400 to $10,900, unable to break above or below key resistance or support levels. The bitcoin price (BTC) is down slightly on the day against the USD (source:…

eToro Senior Analyst Mati Greenspan’s 3 Favorite Crypto Picks – CCN.com

eToro Senior Market Analyst Mati Greenspan revealed his favorite three cryptocurrencies to hold for the long term. | Source: Shutterstock; Edited by CCN eToro senior markets analyst Mati Greenspan isn’t one to mince words. When responding to a query on entry-level crypto investing, the portfolio manager didn’t hesitate to point out the top three cryptocurrency choices that are currently piquing his interest: Hi Paul. My top three favorite cryptos right now are BTC, LTC, & BNB. This is not trading advice. I don’t know the future. Also, my personal portfolio…

Analyst Spots Trend Suggesting Incoming Monster Bitcoin Rally – CCN Markets

An analyst found that major downturns tend to be healthy for the overall bitcoin price trend. Another analyst explains that 2019 may be a good year for BTC. | Source: Shutterstock Many armchair traders are so focused on the short-term price movement of bitcoin that they forget to look at the big picture. For instance, the widely-followed analyst cryptoamd is expecting the dominant cryptocurrency to dump below $10,000 and then be tapping resistance of $10,500. That’s the trader’s short-term view on the digital asset. Short term outlook on $btc pic.twitter.com/luHSJBqMgw…

Bitcoin Whale Moves a Cool Billion Dollars for a Mere $700 Fee — CCN Markets

Someone just moved $1 billion in bitcoin to an unknown wallet. | Source: Shutterstock On September 6, more than $1 billion worth of bitcoin was sent from an unknown wallet. The transaction was processed within several hours with a $700 fee. A $1 billion bitcoin transaction processed with a $700 fee (source: blockchain.com) The Token Analyst team traced some of the 94,500 bitcoin to the address of Huobi Global, a major cryptocurrency exchange, but the origins of the rest of the holdings remain unclear. $1 Billion+ $BTC was transferred in…