Cardano Creator Sets $100K Price Target for Bitcoin

Charles Hoskinson remains ultra bullish on bitcoin. FUD takes over the cryptocurrency markets. Now might be a good time for long term BTC acquirers. Despite a recent bout of fear, uncertainty, and doubt within the cryptocurrency community, Charles Hoskinson – the creator of Cardano – has set a bullish $100,000 price target for BTC. Bitcoin is dying, or so it would appear if you lurk around any corner of Crypto Twitter. This dour sentiment is somewhat understandable given the current price performance of BTC. In the space of a month,…

Bitcoin Price Due For a Bounce According to ‘Nokia Curse’

It’s not uncommon for technical crypto analysts to compare Bitcoin price charts with that of other assets hoping to draw some comparisons that an actionable strategy can be derived from. The leading crypto asset by market cap has been closely following the price action of early Nokia stocks, and if Bitcoin continues to follow the pattern closely, a bounce is due in the near term. Bitcoin Price Ready to Bounce If Nokia Curse Fractal Is Followed In recent weeks, analysts trying to find meaningful comparisons to Bitcoin price charts have…

China Vows ‘Immediate Disposal’ of Crypto Exchanges As Bitcoin Plummets

China continues its crackdown on crypto exchanges. Binance and Bithumb raid rumors cause widespread FUD. Will China’s U-turn on crypto impact the market? The Peoples Bank of China (PBOC) has reiterated its position on crypto trading, vowing the immediate disposal of cryptocurrency exchanges. For weeks China’s strict attitude towards cryptocurrencies has seemingly morphed into something less stringent. Blockchain technology has been championed within the country, and a lighter touch was implemented in regards to bitcoin mining. China’s State Media Just Headlined Bitcoin to 1.4 Billion People https://t.co/xBuQuLPd70 — CCN Markets…

ICE Officially Confirms Dec. 9 Launch of Cash-Settled Bitcoin Futures

The Intercontinental Exchange (ICE)’s Bakkt platform has officially confirmed its forthcoming launch of a cash-settled Bitcoin (BTC) futures contract. In a news release published Nov. 22, ICE — the operator of 23 leading global exchanges, including the New York Stock Exchange — revealed that the contract will be listed on ICE Futures Singapore as of Dec. 9. Rule changes open to review until Nov. 29 During the Invest: NYC conference earlier this month, Bakkt COO Adam White had been the first to publicly reveal Bakkt had its sights on a…

Bitcoin Price Gains Prove These Critics Were Dead Wrong

Bitcoin’s price gains have put critics’ predictions to shame. Schiff, Roubini, and Kruger have all been proven wrong, and how. Growing institutional investing and other utilities could lead to more price gains in the future. Bitcoin has shaken the establishment over the years as those who couldn’t understand the cryptocurrency have outright rejected it as a pump-and-dump scheme or as a fraud. However, bitcoin’s price gains have clearly proven those critics wrong. This is exactly what Twitter user Rhytmtrader pointed out recently. The price change since they criticized bitcoin: Peter…

Bitcoin (BTC) Reaches Crucial Support At $7.4K, Larger Decline In Play?

Bitcoin price is down 6% and tested $7,400 (discussed in the medium term outlook) against the US Dollar. The price is showing no signs of a strong recovery and remains at a risk below $7,800. There is a key contracting triangle forming with resistance near $7,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). A daily close below $7,400 could open the doors for a push towards $6,500 (as discussed in the recent medium term outlook). Bitcoin price is declining heavily below $7,800 and $7,600 against…

Crypto Market & Bitcoin Bloodbath Not Over Yet: LTC, BNB, BCH, TRX Analysis

The total crypto market cap declined heavily and tested the $200.0B support (yesterday’s target). Bitcoin price is down more than 6% and it is approaching the long awaited $7,400 bearish target. Binance coin (BNB) price is down around 5% and it is now trading well below $17.50. Litecoin (LTC) price is under a lot of pressure and struggling to hold the $50.00 support area. BCH price is extending losses and it is trading near the $220 support area. Tron (TRX) price is down and out, with a major support near…

Ripple (XRP) Price Trend Overwhelmingly Negative, Bitcoin Dives To $7.5K

Ripple price is down 5% and it broke the key $0.2420 support area against the US dollar. The price tagged the $0.2350 support area and it is currently correcting higher. There is a new bearish trend line forming with resistance near $0.2450 on the hourly chart of the XRP/USD pair (data source from Kraken). The price remains at a risk of more losses as long as it is below $0.2580. Ripple price is now trading below key supports against the US Dollar and bitcoin. XRP price might continue to face…