Mastodon

PR: Sportsbet.io and All Football App in Landmark Partnership

Bitcoin Press Release: Groundbreaking integration sees innovative operator accept SOC Coin in yet another industry-first move. 22nd June 2018. Tallinn, Estonia: Sportsbet.io, the leading Bitcoin-led sportsbook, has agreed a deal with popular football app All Football, that will see the operator accept bets in All Football’s dedicated cryptocurrency, SOC coin. The All Football app provides …

The post PR: Sportsbet.io and All Football App in Landmark Partnership appeared first on BitcoinNews.com.

Bitcoin Press Release: Groundbreaking integration sees innovative operator accept SOC Coin in yet another industry-first move.

22nd June 2018. Tallinn, Estonia: Sportsbet.io, the leading Bitcoin-led sportsbook, has agreed a deal with popular football app All Football, that will see the operator accept bets in All Football’s dedicated cryptocurrency, SOC coin.

The All Football app provides the very latest news and statistics from the world of football to an impressive global audience of over five million international users on its English-language version alone.

Now, the app’s users will be able to use the SOC coins, which they either won or bought within the All Football app, to wager on Sportsbet.io.

Featured in the top 10 applications in its category in more than 30 countries, All Football has proved to be a massive hit, recently announcing Argentina star Sergio ‘Kun’ Aguero and Belgium star Eden Hazard as official ambassadors.

Tim Heath, CEO of The Coingaming Group, said:

“All Football is one of the world’s most popular apps with a highly engaged community of millions. We’re extremely happy to be working with All Football and welcoming SOC coin users to Sportsbet.io.”

Tim Also Said:

“We make every move with the customer in mind and at the centre of our universe. Accepting SOC coin means that All Football users around the world can now easily enjoy fun, fast and fair betting with Sportsbet.io.”

James Shawn, COO at All Football, said:

“All Football has built the most dedicated football community in the world, and SOC coin has been embraced by these users, with millions of dollars in SOC trading on crypto exchanges every day. By partnering with Sportsbet.io, our users can now use SOC coins to wager on the World Cup and hundreds of other sporting events every day. We have been massively impressed by the user experience at Sportsbet.io and we are certain it will prove immensely popular among our community.”

Alongside this landmark integration, Sportsbet.io went live with its World Cup Centre, an extremely competitive and complete one-stop shop for punters to keep up with and bet on all the action from Russia.

Your Road To Glory

Sportsbet.io’s recent launches, such as the ground-breaking new Twitch-based football show, ‘Your Road To Glory’, have proven the operator is serious about pushing the expectations of a crypto sportsbook.

About Sportsbet.io

Founded in 2016 as part of the Coingaming Group, Sportsbet.io is a leading bitcoin-led sportsbook operator.

Sportsbet.io has an expansive, quality betting product across all major sports and eSports, offering more than 350,000 pre-match events per year, as well as comprehensive in-play content. It also provides innovative markets such as player prop bets for soccer, American football and basketball, and is the only bitcoin-led sportsbook to provide live streaming across all major sports.

Sportsbet.io prides itself on its secure and trustworthy betting service, with withdrawal times of around 1.5 minutes amongst the fastest in the industry.

Find out more about Sportsbet.io’s World Cup Centre and offers here
Visit the Website: https://sportsbet.io/
Follow on Facebook: www.facebook.com/sportsbetio/
Follow on Twitter: @Sportsbet_IO
Follow on Twitch: @Sportsbet_io
Medium: medium.com/coingaming
LinkedIn: www.linkedin.com/company/coingaming/

Media Contacts
Name: David Bartram
Email: [email protected]
Location: Square in the Air Communications

Sportsbet is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to investSportsbet is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

Follow BitcoinNews.com on Twitter at https://twitter.com/bitcoinnewscom

Telegram Alerts from BitcoinNews.com at https://t.me/bconews

The post PR: Sportsbet.io and All Football App in Landmark Partnership appeared first on BitcoinNews.com.

Bitcoin Is An Enthusiastic Social Movement, Says Nobel Economist – Bitcoinist


Bitcoinist

Bitcoin Is An Enthusiastic Social Movement, Says Nobel Economist
Bitcoinist
Nobel Prize-winning economist Robert Shiller has not been shy with his views on cryptocurrencies, referring to them as an example of “faddish human behavior” in April. The Yale professor called Bitcoin a social movement in a recent interview and said
Bitcoin Is “Epidemic of Enthusiasm” Says Nobel Prize Winner Robert …Cointelegraph
Robert Shiller Says Bitcoin Is a ‘Remarkable Social Phenomenon …Bloomberg
US Nobel Prize Winner Says Bitcoin Is An ‘Epidemic of Enthusiasm’newsBTC
Nasdaq –CCN –AMBCrypto
all 29 news articles »

Bitcoinist

Bitcoin Is An Enthusiastic Social Movement, Says Nobel Economist
Bitcoinist
Nobel Prize-winning economist Robert Shiller has not been shy with his views on cryptocurrencies, referring to them as an example of “faddish human behavior” in April. The Yale professor called Bitcoin a social movement in a recent interview and said ...
Bitcoin Is "Epidemic of Enthusiasm” Says Nobel Prize Winner Robert ...Cointelegraph
Robert Shiller Says Bitcoin Is a 'Remarkable Social Phenomenon ...Bloomberg
US Nobel Prize Winner Says Bitcoin Is An 'Epidemic of Enthusiasm'newsBTC
Nasdaq -CCN -AMBCrypto
all 29 news articles »

Ripple Price Analysis: XRP/USD Resumes Downtrend

Key Highlights Ripple price failed to hold gains above the $0.4700 support and declined against the US dollar. There is a new key bearish trend line formed with resistance near $0.4600 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may continue to decline and it could retest the last

The post Ripple Price Analysis: XRP/USD Resumes Downtrend appeared first on NewsBTC.

Key Highlights

  • Ripple price failed to hold gains above the $0.4700 support and declined against the US dollar.
  • There is a new key bearish trend line formed with resistance near $0.4600 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair may continue to decline and it could retest the last swing low of $0.4400.

Ripple price is back in a downtrend against the US Dollar and Bitcoin. XRP/USD is under pressure below $0.4700 for more losses towards the $0.4400 low.

Ripple Price Trend

There was a major struggle to hold gains above the $0.4700 level in Ripple price against the US Dollar. The XRP/USD pair failed to gain traction and declined below the $0.4600 support. The decline was such that the price traded below the 50% Fib retracement level of the last leg from the $0.4400 low to $0.4940 high. It opened the doors for more losses below $0.4600 and the price moved in a bearish zone.

It spiked below the $0.4500 level and formed a low at $0.4482 recently. At the moment, the price is trading near the $0.4500 level. An initial resistance is around the 23.6% Fib retracement level of the last recent decline from the $0.4933 high to $0.4482 low. There is also a new key bearish trend line formed with resistance near $0.4600 on the hourly chart of the XRP/USD pair. Above the trend line resistance, the $0.4700 is a crucial resistance. It now coincides with the 50% Fib retracement level of the last recent decline from the $0.4933 high to $0.4482 low.

Ripple Price Analysis XRP USD

Looking at the chart, the price is likely to struggle to move above $0.4600 and $0.4700. On the downside, the $0.4400 zone is a major support, below which, the price could test $0.4200.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is now in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is well below the 40 level.

Major Support Level – $0.4400

Major Resistance Level – $0.4700

The post Ripple Price Analysis: XRP/USD Resumes Downtrend appeared first on NewsBTC.

Crypto Analyst Believes Bitcoin Could be Nearing Price Bottom

Many in the cryptocurrency community thought that Bitcoin bottomed at $6,000, as it held over that price level for weeks on end. However, Bitcoin dropped under $5,800 on the weekend, leading some to believe that Bitcoin’s price could move even lower. Brian Kelly, leading cryptocurrency trader and analyst on CNBC, drew attention to four reasons

The post Crypto Analyst Believes Bitcoin Could be Nearing Price Bottom appeared first on NewsBTC.

Many in the cryptocurrency community thought that Bitcoin bottomed at $6,000, as it held over that price level for weeks on end. However, Bitcoin dropped under $5,800 on the weekend, leading some to believe that Bitcoin’s price could move even lower. Brian Kelly, leading cryptocurrency trader and analyst on CNBC, drew attention to four reasons why he believes the most popular cryptocurrency has found a price bottom. 

Bullish Rebound Off $5779, The Cost To Mine One Bitcoin

Kelly opened up his segment by acknowledging that Bitcoin had reached a yearly low of approximately $5,779. Although new lows would traditionally be seen as a negative sign, the CNBC trader noted that the quick rebound off $5,779 is indicative of Bitcoin finding a price bottom. Kelly elaborated on this point, saying:

“Over the weekend we saw Bitcoin hit new lows, I think we saw Bitcoin hit $5779. Then within about 10 or 15 minutes you have a huge ramp up, 100 to 200 points. This is typically the action that Bitcoin has shown at bottoms.”

Brian Kelly also mentioned that the average mining cost of one BTC sits around $5,900, indicating a potential for strong support over that level. Tom Lee, co-founder of analysis firm Fundstrat, also believes that the mining costs are a vital level for the most prominent cryptocurrency to hold.

In an appearance on CNBC, Lee noted that prices for Bitcoin have historically held above mining costs, especially in the cryptocurrency bear market of 2014.

Asian Investment Interest Has Risen, But Is It Due To Currency Devaluation?

Kelly briefly mentioned Asian demand, prompting Melissa Lee, reporter and news anchor at CNBC, to question the cryptocurrency trader about what he specifically meant. Kelly went on to say that an OTC desk saw interest for Tether, “used in global arbitrage,” increase, especially through the Asian exchanges.

The addition of 250 Million USDT was also an indicator which he used, expressing that the issuance of Tether “indicates there’s demand coming, and most of that demand is Asian demand as they most of the Asian exchanges use quite a bit of the Tether product (USDT).”

With Melessia Lee also pointing out that the ‘granting’ of Tether shows that fiat investment into the industry is on the rise. 

Last but not least, Kelly mentioned that there is a direct correlation between “currency crisis” and the rise in the price of crypto assets, specifically Bitcoin. The CNBC trader also noted that crpytocurrencies, like Bitcoin “work very well” for being “an alternative currency,” holding its value through a decentralized system in comparison with centralized government-issued currencies.

Kelly specifically mentioning the case with China’s currency issues. He stated:

“If we remember what’s the final option for China here? It’s probably a devaluation of the currency… And if you’re a wealthy Chinese person and you are thinking that’s going to come (currency devaluation), where would you want to put your money? Certainly not in RMB (China’s currency). You may want to put it in some Bitcoin.”

It is still unclear whether Kelly’s price bottom prediction is accurate. But the accuracy of his analysis will become apparent over the following weeks as volatility in this market continues.

 

Image from Shutterstock

The post Crypto Analyst Believes Bitcoin Could be Nearing Price Bottom appeared first on NewsBTC.

Hong Kong Seeks to Widen DLT Use in Trade Finance

Hong Kong’s banking regulator is planning to widen its works on cross-border trade finance using distributed ledger technology.

Hong Kong’s banking regulator is planning to widen its works on cross-border trade finance using distributed ledger technology.

Japan’s Next Economic Boom Will Be Bitcoin And Blockchain Fuelled – Forbes


Forbes

Japan’s Next Economic Boom Will Be Bitcoin And Blockchain Fuelled
Forbes
Japan’s economy — which for years has struggled to return to its 1980’s growth levels — could be about to boom once again, thanks to bitcoin, cryptocurrency and blockchain technology. At the Japan Blockchain Conference this week in Tokyo (the first


Forbes

Japan's Next Economic Boom Will Be Bitcoin And Blockchain Fuelled
Forbes
Japan's economy — which for years has struggled to return to its 1980's growth levels — could be about to boom once again, thanks to bitcoin, cryptocurrency and blockchain technology. At the Japan Blockchain Conference this week in Tokyo (the first ...

Here We Go Again, Another $12 Billion Dumped From Crypto Markets

FOMO Moments Red dominates crypto land, only Qtum survives today. EOS, Tron, OmiseGO and Zcash get hammered. Crypto traders and investors are probably dreading getting up each morning now to see markets plummet once again with seemingly no end in sight. Over the past 24 hours markets have dumped another $12 billion from $255 to

The post Here We Go Again, Another $12 Billion Dumped From Crypto Markets appeared first on NewsBTC.

FOMO Moments

Red dominates crypto land, only Qtum survives today. EOS, Tron, OmiseGO and Zcash get hammered.

Crypto traders and investors are probably dreading getting up each morning now to see markets plummet once again with seemingly no end in sight. Over the past 24 hours markets have dumped another $12 billion from $255 to $243 billion, equating to a 4.7% fall. Trade volume also took a sharp drop from $18 billion to $11 billion.

Bitcoin’s short recovery spell got kicked in the digital cojones when markets lost $8 billion in just over two hours. Bitcoin has fallen 3% on the day and is struggling to stay above $6k, currently trading at $6,075. That prediction of a decline to around $5k seems to be holding strong, BTC is currently in a downward channel and approaching more critical support levels.

As usual Ethereum has fared even worse shedding 5.8% to $432, and barreling towards that critical $400 level. The lowest point for ETH this year was in early April when it fell to just below $370 before over doubling in price over the next month. Predictably all altcoins are getting punished even harder, many crashing by double digits once again.

Again it is EOS that is taking the biggest hit at the time of writing, down over 8% to $7.50. There are now major concerns about the EOS network and its lack of decentralization, the Reddit stream for the project is largely FUD fueled and negative. From its all-time high of $21.50, almost two months ago, EOS has hemorrhaged 65% to its current trading level.

Bitcoin Cash and Litecoin are both getting bashed by around 7.5%, with BCH falling to $690 and LTC dropping to $76. Litecoin has not been this low since mid-November, before it started to spike. Charlie Lee and the LTC camp have been conspicuously quiet throughout this crypto rout.

Ripple’s XRP could not make it back over $0.50 and has lost 5.2% on the day falling to $0.45, matching its lowest dip of the year. Stellar and Cardano are both down around 6% and Iota in tenth spot has lost 7% to trade at $0.94, a new 2018 low. Other altcoins getting battered during the morning’s Asian trading session include Tron down 8%, Ethereum Classic dropping 7.7%, Ontology losing 7.5%, OmiseGO 8.5% down, and similar losses for Zcash, Icon, Zilliqa, and Bytecoin.

The only altcoin in the green in the top 30 at the time of writing is Qtum which is up 7.3% on the day to just under $9.

FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and possible fundamentals.

The post Here We Go Again, Another $12 Billion Dumped From Crypto Markets appeared first on NewsBTC.

Ethereum Price Analysis: ETH/USD Under Bearish Pressure

Key Highlights ETH price failed to gain traction and broke the $440 support against the US Dollar. There is a new connecting bearish trend line forming with resistance near $460 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently under pressure and it seems like it could retest the $$420

The post Ethereum Price Analysis: ETH/USD Under Bearish Pressure appeared first on NewsBTC.

Key Highlights

  • ETH price failed to gain traction and broke the $440 support against the US Dollar.
  • There is a new connecting bearish trend line forming with resistance near $460 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is currently under pressure and it seems like it could retest the $$420 swing low.

Ethereum price is showing signs of further weakness against the US Dollar and Bitcoin. ETH/USD is likely to trade further lower as long as it is below $450-460.

Ethereum Price Resistance

Recently, there was a failure near the $474 level in ETH price against the US Dollar. The ETH/USD pair started a slow and steady downside move and broke the $450 and $440 support levels. More importantly, there was a close below the $460 pivot level and the 100 hourly simple moving average. During the recent slide, the price moved in a bearish zone with a close below the 50% Fib retracement level of the last wave from the $420 low to $474 high.

At present, the price is trading near the $430 level with many bearish signs. If there is an increase in selling pressure, the price could revisit the $420 low. Below this, the price could even test the 1.236 Fib extension level of the last wave from the $420 low to $474 high. On the upside, an initial resistance is near the $450 level. Above this, there is a new connecting bearish trend line forming with resistance near $460 on the hourly chart of ETH/USD.

Ethereum Price Analysis ETH USD

Looking at the chart, the price is clearly poised to extend declines below $430. To initiate a fresh recovery, buyers need to push the price above $460 and the 100 hourly SMA. Above $460, the next resistance is around the $474-475 zone.

Hourly MACD – The MACD is moving in the bearish zone with negative signs.

Hourly RSI – The RSI is currently placed well below the 40 level.

Major Support Level – $420

Major Resistance Level – $460

The post Ethereum Price Analysis: ETH/USD Under Bearish Pressure appeared first on NewsBTC.

Bitcoin Cash Price Analysis: BCH/USD Resumes Downtrend

Key Points Bitcoin cash price failed to move above the $775 resistance and declined against the US Dollar. This week’s highlighted key bearish trend line played well with resistance at $720 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is moving lower and it seems like it could revisit

The post Bitcoin Cash Price Analysis: BCH/USD Resumes Downtrend appeared first on NewsBTC.

Key Points

  • Bitcoin cash price failed to move above the $775 resistance and declined against the US Dollar.
  • This week’s highlighted key bearish trend line played well with resistance at $720 on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair is moving lower and it seems like it could revisit the last swing low of $665.

Bitcoin cash price is back in a downtrend below $720 against the US Dollar. BCH/USD is likely to accelerate declines back towards the $665 and $650 levels.

Bitcoin Cash Price Decline

Yesterday, we saw a failure near the $775 resistance in bitcoin cash price against the US Dollar. The BCH/USD pair started a fresh downside wave and broke the $750 and $720 support levels. There was even a close below the $750 pivot level and the 100 hourly simple moving average. It seems like the price failed to break the 50% Fib retracement level of the last decline from the $905 high to $664 low.

It opened the doors for a new bearish wave and the price tumbled below $700. It even surpassed the 50% Fib retracement level of the last leg from the $665 low to $779 high. More importantly, this week’s highlighted key bearish trend line played well with resistance at $720 on the hourly chart of the BCH/USD pair. The pair is currently trading just below the $700 level with a bearish angle. If the 76.4% Fib retracement level of the last leg from the $665 low to $779 high fails to hold declines, there could be more losses towards the last swing low of $665.

Bitcoin Cash Price Analysis BCH USD

Looking at the chart, the price is back in a downtrend below $720, above which there are chances of an upside recovery.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is back in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is currently near the 30 level.

Major Support Level – $665

Major Resistance Level – $720

The post Bitcoin Cash Price Analysis: BCH/USD Resumes Downtrend appeared first on NewsBTC.

Monero (XMR) Price Watch: Channel Still Intact!

Monero Price Key Highlights Monero price is still in trading inside its descending channel despite the spike higher. This means that the downtrend is still likely to resume from here, as reflected by technical indicators also. However, the mid-channel area of interest is keeping losses in check and Monero price is testing resistance once more.

The post Monero (XMR) Price Watch: Channel Still Intact! appeared first on NewsBTC.

Monero Price Key Highlights

  • Monero price is still in trading inside its descending channel despite the spike higher.
  • This means that the downtrend is still likely to resume from here, as reflected by technical indicators also.
  • However, the mid-channel area of interest is keeping losses in check and Monero price is testing resistance once more.

Monero price could resume its downtrend as the channel resistance is holding but there could be a chance for a break higher.

Technical Indicators Signals

The 100 SMA is below the longer-term 200 SMA to confirm that the path of least resistance is to the downside. This basically means that the selloff is more likely to resume than to reverse. Also, the 100 SMA dynamic inflection point lines up with the top of the channel to add to its strength as resistance.

RSI is already on the move down to indicate that sellers have the upper hand. Stochastic has also made its way down from overbought levels to signal a return in selling pressure. This might be enough to take Monero to the channel support at $80 or at least the mid-channel area of interest at $100.

Price recently spiked higher but was unable to sustain the gains. Then again, the mid-channel area of interest is holding so far, signaling that buyers are still trying to put up a fight.

XMR/USD Chart from TradingView

Market Factors

Cryptocurrencies are still on the back foot, owing to recent security hacks and increased oversight in Japan. Last week, authorities in the country gave business improvement requirements to bitcoin exchanges to step up their efforts to crack down on money laundering and terrorist financing activity.

Meanwhile, the dollar is drawing support from cooling trade tensions as the Trump administration is willing to let the CFIUS evaluate which foreign investments should be restricted in terms of acquiring or investing in US tech companies.

The post Monero (XMR) Price Watch: Channel Still Intact! appeared first on NewsBTC.

Top banker batters Bitcoin for sucky scalability, security – The Register


The Register

Top banker batters Bitcoin for sucky scalability, security
The Register
In the speech he compared bitcoin’s scale to that of commercial transaction processing outfits, noting that at the peak of bitcoin mania the collective efforts of users clocked up 4.5 transactions per second – but the infrastructure credit card
Australia Central Bank Admires Bitcoin But Says It Has ‘Flaws’CCN
RBA Official Predicts Bitcoin Will Struggle in AustralianewsBTC
Bitcoin unlikely to gain foothold in Australia, according to RBANEWS.com.au
The Australian Financial Review
all 73 news articles »

The Register

Top banker batters Bitcoin for sucky scalability, security
The Register
In the speech he compared bitcoin's scale to that of commercial transaction processing outfits, noting that at the peak of bitcoin mania the collective efforts of users clocked up 4.5 transactions per second – but the infrastructure credit card ...
Australia Central Bank Admires Bitcoin But Says It Has 'Flaws'CCN
RBA Official Predicts Bitcoin Will Struggle in AustralianewsBTC
Bitcoin unlikely to gain foothold in Australia, according to RBANEWS.com.au
The Australian Financial Review
all 73 news articles »

Bitcoin (BTC) Price Watch: Slow and Steady Downtrend

Bitcoin Price Key Highlights Bitcoin price is finding resistance at the short-term descending trend line and area of interest. If the downtrend resumes, bitcoin could tumble to the Fibonacci extension levels next. Technical indicators confirm that the downtrend is likely to carry on from here. Bitcoin price barely gained traction from its bounce as the

The post Bitcoin (BTC) Price Watch: Slow and Steady Downtrend appeared first on NewsBTC.

Bitcoin Price Key Highlights

  • Bitcoin price is finding resistance at the short-term descending trend line and area of interest.
  • If the downtrend resumes, bitcoin could tumble to the Fibonacci extension levels next.
  • Technical indicators confirm that the downtrend is likely to carry on from here.

Bitcoin price barely gained traction from its bounce as the short-term downtrend remains intact.

Technical Indicators Signals

The 100 SMA is below the longer-term 200 SMA to signal that the path of least resistance is to the downside. In other words, the selloff is more likely to resume than to reverse.

Price is also sliding back below the 100 SMA to reflect the return in selling pressure and the gap between the moving averages is widening to reflect stronger downside momentum. Another bounce could still hit resistance at the 200 SMA dynamic inflection point just past the trend line.

RSI is heading south to confirm that sellers have the upper hand so bitcoin price could follow suit. Stochastic is also moving lower but nearing oversold levels to signal exhaustion among bears.

If sellers stay strong, bitcoin price could tumble to the 38.2% extension at $5,953.7 or the swing low at the 50% extension or $5,825.5. The 61.8% extension is located near $5,700 while the 78.6% extension is at $5,514.8. The full extension is near the $5,300 level.

BTC/USD Chart from TradingView

Market Factors

Bitcoin appears to have reeled from Jack Ma’s comments on how the cryptocurrency is likely a bubble even as blockchain technology has several applications. This comes in the heels of hacking incidents and stronger regulatory oversight in Japan.

Although the latter could potentially improve confidence and security in the industry, investors can’t help but be wary of potential restrictions in trading or exchange shutdowns. This has likely led them to be quick about booking profits, barely allowing rallies to be sustained past key technical levels.

Apart from that, the rally in the dollar has also dragged bitcoin down after trade tensions appear to be cooling.

The post Bitcoin (BTC) Price Watch: Slow and Steady Downtrend appeared first on NewsBTC.

Bitcoin (BTC) Price Watch: Slow and Steady Downtrend – newsBTC

newsBTCBitcoin (BTC) Price Watch: Slow and Steady DowntrendnewsBTCBitcoin price is finding resistance at the short-term descending trend line and area of interest. If the downtrend resumes, bitcoin could tumble to the Fibonacci extension levels next. T…


newsBTC

Bitcoin (BTC) Price Watch: Slow and Steady Downtrend
newsBTC
Bitcoin price is finding resistance at the short-term descending trend line and area of interest. If the downtrend resumes, bitcoin could tumble to the Fibonacci extension levels next. Technical indicators confirm that the downtrend is likely to carry