Archive | November, 2017

White House ”Monitoring the Situation” While Study Shows Illicit Bitcoin Use Has Dropped

To aging heads of state and conservative bankers, bitcoin is a tool for criminality. To those in the know, nothing could be further from the truth; most bitcoin transactions are for legitimate purposes. Proving this has always been difficult, but a new study adds weight to this argument. Its key finding? Bitcoin hit peak criminality […]

ETH/USD and ETH/BTC Technical Analysis December 1 2017

Hello and welcome to News BTC’s Market Outlook December. ETH/USD Ethereum has fallen rather significantly against the US dollar, partially in a “knock on” move from the brutal selloff in Bitcoin. Ethereum has lost $100 in the last 24 hours, and of course that is a very significant selloff. It currently looks as if we are […]

OTHER THAN DASH MOST ALT COINS ARE TESTING KEY SUPPORT LEVELS DECEMBER 1, 2017 TECHNICAL ANALYSIS

Compared to other alt coins, DASH has been resilient and is making higher highs. NEO and NEM on the other hand are rebounding from key support levels and should NEO break below that level then it will herald a new phase of bears. On the other hand NEM traders should watch out $0.20 support. Let’s […]

DASH/USD and LTC/USD Technical Analysis December 1 2017

Hello and welcome to News BTC’s Market Outlook December. DASH/USD DASH continue to be volatile during the trading session on Thursday, as we are selling off rapidly. The market has lost $150 as I write this, part of it being a reaction to the bloodbath in the Bitcoin market. Crypto currencies everywhere are getting sold off […]

Ripple Price Technical Analysis – XRP/USD Under Pressure

Key Highlights Ripple price came under renewed selling pressure as it moved below $0.2500 against the US Dollar. There are two key bearish trend lines forming with resistances near $0.2400 and $0.2460 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently correcting higher but struggling to break the […]

Quest: Bitcoin bubble brewing or is it still a bargain? – CNNMoney

CNNMoneyQuest: Bitcoin bubble brewing or is it still a bargain?CNNMoneyStill, there’s another (pardon the pun) side to the bitcoin. We should not just accept the notion that bitcoin is the new source of money for the future, replacing paper currencies and gold. The fact that bitcoin prices roared up to over $11,000 and …and more »

Will Bitcoin Stabilize Above $10000 Or Is The Top Finally Here? – Seeking Alpha

Seeking AlphaWill Bitcoin Stabilize Above $10000 Or Is The Top Finally Here?Seeking AlphaThe Bitcoin debate continues, and a central question remains. Does Bitcoin’s functionality and future potential as a currency outweigh or justify the hype surrounding it? Bitcoin exhibits most of the key attributes indicative of a productive global …Bigger Blocks, Shorter Intervals: Bitcoin Cash […]

Bitcoin isn’t a bubble – in fact, it’s just getting started – Telegraph.co.uk

Telegraph.co.ukBitcoin isn’t a bubble – in fact, it’s just getting startedTelegraph.co.ukBitcoin recently hit $10,000 (£7,400) and many people are wondering if this is a bubble. On the one hand, $10k is a big round number that in the past has caused the bull to stall. Consider that $1, $10, $100 and $1,000 all saw price […]

BTC/USD and BTC/JPY Technical Analysis December 1 2017

Hello and welcome to News BTC’s Market Outlook December. BTC/USD Over the last 24 hours, Bitcoin has been absolutely pummeled after the well-documented break above $10,000. In fact, the daily candle from the session would have been a shooting star. This of course is a very negative sign, but currently it looks as if the $9400 […]

Should You Invest In Bitcoins? Here Are The Top Reasons For And Against – Forbes

ForbesShould You Invest In Bitcoins? Here Are The Top Reasons For And AgainstForbesThe world’s first example of a decentralized, encrypted and distributed currency – Bitcoin – reached an important milestone this week when its price rose above $10,000 for the first time. This makes news headlines, which go on to make more people aware …and […]

All You Need to Know About Bitcoin’s Rise, From $0.01 to $11000 – Bloomberg

BloombergAll You Need to Know About Bitcoin’s Rise, From $0.01 to $11000BloombergThe initial price of bitcoin, set in 2010, was less than one cent. On Nov. 29, it crossed $11,000. Once seen as the province of nerds, libertarians and drug dealers, bitcoin today is drawing millions of dollars from hedge funds. The recent price surge […]

Ethereum Price Technical Analysis – ETH/USD Facing Crucial Test

Key Highlights ETH price started a recovery from the $390 swing low against the US Dollar, but is facing many hurdles. There is a short-term bearish trend line forming with resistance near $430 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair might struggle to break the $430 and $458 resistance levels […]