Bitcoin Price (BTC) Signaling Bullish Continuation To $11K

Bitcoin price rallied recently above the $10,000 and $10,200 resistance levels against the US Dollar. The price climbed towards the $10,800 resistance and recently started consolidating gains. There is a contracting triangle forming with resistance near $10,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could accelerate towards $11,000 and $11,200 if it clears the $10,800 resistance. Bitcoin price is showing a lot of positive signs above the $10,400 support against the US Dollar. BTC is currently preparing for more upsides and it could…

Crypto Trader Screams Bullish Green Bitcoin Price in July

Bitcoin is having a mixed July so far. The price of the flagship cryptocurrency has hit a slump of late after beginning the month on a solid footing thanks to President Trump’s latest tirade and the aspersions being cast on Facebook’s Libra cryptocurrency. But despite the recent dip in bitcoin prices, one trader still believes that the cryptocurrency could end July at $16,000. BITCOIN Targeting $16000 within July. – #BTCUSD chart https://t.co/InjL0qdgEX — TradingShot (@TradingShot) July 10, 2019 An aggressive bull cycle could push bitcoin prices higher TradingShot is a…

Bitcoin’s 20% Slump From 2019-High Won’t Kill Strong Bullish Fundamentals

Since June 26, within the past three weeks, the bitcoin price has declined from $13,868 to around $11,200 by 20 percent against the U.S. dollar. After recording a 250 percent increase in value year-to-date at its yearly peak, a pullback for bitcoin was generally anticipated by traders. Following its 20 percent decline, fundamentals for the dominant crypto asset remain strong as seen in its hash rate achieving an all-time high. What does all-time high bitcoin hash rate indicate? Since January 2019, the hash rate of the Bitcoin blockchain network has…

Bitcoin (BTC) Price Showing Positive Signs: Bulls Sighting Bullish Break

After a downside correction, bitcoin price fond support near the $10,800 level against the US Dollar. There was a decent recovery in the past two sessions and the price traded above $11,300. There is a key bearish trend line forming with resistance near $11,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). Ethereum is still trading below $300 and ripple price is struggling to climb higher. Bitcoin price is showing positive signs above the $11,200 level against the US Dollar. BTC could surge higher once it…

Bitcoin Price ‘Extremely Bullish’ Again After 20% Pump to Over $11,000

Bitcoin (BTC) surprised markets and and the media alike on July 3, jumping over 20% in 24 hours to overcome resistance at $11,000. Market visualization courtesy of Coin360 Data from Coin360 put BTC/USD firmly in the green Wednesday, following a turbulent few days which saw the pair drop as low as $9,688. As of press time, bitcoin traded around $11,300 having set a local high of $11,525 earlier in the day.  Bitcoin 7-day price chart. Source: Coin360 The sudden reversal immediately rubbished the theories emerging in the mainstream press and…

IOTA Retest Q1 2019 Peaks, Price Bullish Despite Weakness

IOTA slides 11.4 percent Coordicide and a new scalability-enhancing algorithm is bullish The Internet of Things (IoT) industry is expected to rise to over $325 billion by 2023. As such, the IOTA Foundation is ready to capitalize on this projection. Through Coordicide and improvement of the existing algorithm, IOTA prices could correct upwards. IOTA Price Analysis Fundamental Given the rise of smart contracting, futurists are optimistic. With millions supporting research and development, analysts are churning out papers confirming the power of blockchains. Therefore, it is so easy to see why…

Bitcoin Price Smacks $12.5K, BTC’s Bullish Acceleration Could Continue

There was a sharp increase in bitcoin price above the $11,800 and $12,000 resistances against the US Dollar. The price surged above $12,200 and even traded to a new 2019 high near $12,500. There are two key bullish trend lines forming with support near $12,000 and $11,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains in a strong uptrend and it could even climb above $12,550 and $12,750. Bitcoin price surged above the main $12,000 resistance against the US Dollar. BTC price is…

Tim Draper Is Bullish On Argentina’s Blockchain Tech Potential

In a talk at the Bitcoin2019 conference, Draper revealed his perspective on the implications of his bet with Argentina’s current president which he made this year as reported by national media. He made the bet during a visit to Argentina, where he met with the Argentinian leader and talked about the benefits of cryptocurrency, encouraging him to legalize Bitcoin. The conversation covered the devaluation of the Argentinian peso and quickly escalated to a wager: if Bitcoin gets to be more valuable that the peso by 2023, Argentina’s leader would declare…

Donald Trump and Fed Chairman Distrust is Bullish for Bitcoin: Billionaire Investor

Bitcoin is going to benefit from the growing distrust between the US President Donald Trump and Federal Reserve Chairman Jerome Powell, believes Mr. Michael Novogratz of Galaxy Digital, LLC. The billionaire founder said on Wednesday that he is becoming “more bullish” on bitcoin after President Trump reportedly threatened to demote Mr. Powell if he decides against lowering interest rates. The Federal Reserve is set to announce its take on the said matter today at 1400 Eastern Time upon concluding a two-day meeting. Makes me more bullish $BTC https://t.co/oePdtMT1GD — Michael…

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…