JPMorgan Tries Fear-Mongering in Attempt to Sabotage Bitcoin Price Rally

By CCN: JPMorgan doesn’t love bitcoin. The bank – the United States’ biggest financial institution by assets – has been historically pessimistic about the flagship cryptocurrency, so just when bitcoin prices started going through the roof, it decided to crash the party with a dire warning. #Bitcoin prices diverge from intrinsic value, carrying echoes of late 2017, JPM says. pic.twitter.com/DImDoSMv8L — Holger Zschaepitz (@Schuldensuehner) May 17, 2019 JPMorgan makes yet another effort to sabotage bitcoin The crypto winter gave JPMorgan’s bitcoin bears reason to cheer earlier this year. The Wall…

Bitcoin Has Soared Above Intrinsic Value During Latest Rally, JPM Strategists Claim

Strategists from United States banking giant JPMorgan Chase (JPM) have argued that bitcoin (BTC)’s recent rally has ostensibly soared past what they calculate to be its intrinsic value. Their analysis was reported by Bloomberg on May 20. The strategists — who reportedly include JPMorgan global market strategist Nikolaos Panigirtzoglou —  judge that the top coin has recently been trading in a way that mirrors its late 2017 rally, which preceded a protracted price slump. To ascertain the coin’s intrinsic value, the strategists reportedly analyzed bitcoin as a commodity and calculated its…

Bitcoin (BTC) Price Weekly Prediction: Indicators Suggest Rally To $9,000

There was a strong buying interest for bitcoin near the $6,800 support area against the US Dollar. The price started a fresh increase and broke the $7,000 and $7,500 resistance levels. There was a break above a major contracting triangle with resistance near $7,300 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is eyeing a strong rise and it could trade above $8,500 and $8,800 in the near term. Bitcoin price is up more than 10% after a strong downside correction against the US…

Vicious Crypto Crash Could Supercharge Bitcoin Price Rally to $20,000

By CCN: Bitcoin’s mammoth rally suffered a devastating setback on Friday when a $35 million sell order triggered a vicious flash crash on Bitstamp. By the time the dominoes had stopped falling, the bitcoin price had plunged as low as $6,894, and more than $32 billion had vanished from the crypto market cap. And fervent bitcoin bull Mati Greenspan couldn’t be happier. Finding a Silver Lining in the $32 Billion Crypto Crash A $35 million sell order triggered a vicious bitcoin price crash. | Source: Yahoo Finance Greenspan, a senior…

2019 Bitcoin Rally Beats 2017’s All-Time High $20,000 : Crypto VC Chief

By CCN: Barry Silbert, the founder and CEO of Digital Currency Group (DCG), one of the most influential venture capital firms in the crypto space, has said that the current rally of bitcoin is different from 2017. The bitcoin price dropped to $7,200 on the day but remains up 96 percent year-to-date (source: coinmarketcap.com) The prominent investor emphasized the noticeable improvement in the infrastructure supporting bitcoin and the emergence of trusted custodial service providers that allow accredited and institutional investors to commit to the market. Is the Bitcoin Recovery Only…

Crypto Market Rally As Altcoins Join Party: Bitcoin Cash, XLM, EOS, TRX Analysis

The total crypto market cap surged further and tested the key $250.0B resistance level. Bitcoin price is currently consolidating above the $8,000 and $8,100 support levels. Bitcoin cash price surged above the $400 and $425 resistance levels. EOS price is up more than 10% and it recently cleared the key $6.50 barrier. Stellar (XLM) price rallied more than 25% and broke many hurdles near $0.1300 and $0.1400. Tron (TRX) also joined the party and broke the key $0.0250 and $0.0300 resistance levels. The crypto market cap surged above $250.0B, with…

Bitcoin Price Rally Stalls As Ether, XRP Shine

View Alternative cryptocurrencies are flying high while bitcoin is having a breather above $8,000. Notably, ether (ETH) has hit a seven-month high of $235 and looks set to extend gains further toward $256 (Sept. 22 high) in the near-term. XRP, meanwhile, has confirmed a bull breakout. With hourly chart indicators diverging in favor of the bears and the daily relative strength index (RSI) reporting overbought conditions, bitcoin is looking increasingly vulnerable to a price pullback to the key rising trendline, currently placed above $7,200. Bitcoin could challenge Tuesday’s high of…

Bitcoin Price Erupts in Parabolic Rally, Spikes 17% Within Hours

By CCN: In the past 24 hours, the bitcoin price surged from around $7,000 to $8,300, recording a 17 percent gain against the U.S. in a parabolic rally and a new 2019 high. The bitcoin price surges by 17 percent in 24 hours (source: coinmarketcap.com) The continuous rally of bitcoin led the valuation of the crypto market to spike from $211 billion to $242 billion, by more than $31 billion. Major crypto assets in the likes of Ethereum’s ether, XRP, bitcoin cash, litecoin, and EOS recorded gains in the range…

Dollar’s Brutal 100-Year Tailspin Guarantees a Spellbinding Bitcoin Rally

By CCN: The mighty US dollar appears to be one of the world’s safest currencies. This sense of security has blinded many from seeing that the greenback has lost tremendous value over the past 100 years, a fact that should send investors piling into a surging Bitcoin. US Dollar Trapped in Irreversible Century-Long Downtrend In the early 1900s, a dollar could get you a nice pair of patent leather shoes. The currency had so much value back then because there was only $7 billion in circulation. A hundred and twelve…

Bombastic Bitcoin Price Nears $7,000 in Big Parabolic Rally, is $8,000 Next?

By CCN: The bitcoin price has climbed to $6,964 on the day’s peak in major markets like the U.S., recording a staggering 9 percent rise within 24 hours, bringing its one month gain to 23 percent and fueling the crypto market. Traders were initially cautious about the near-term price trend of bitcoin as large resistance served as a potential roadblock for the asset to continue its upward momentum. The bitcoin price has recorded a 9 percent gain in the past 24 hours (source: coinmarketcap.com) The bitcoin price comfortably broke out…