Bitcoin (BTC)

The altcoin market cap may be bottoming out. One trader suggests that the altcoin market cap is mirroring bitcoin’s 2011-12 cycle. If the analyst is correct, there’s a chance we will see gains similar to the profits made in the 2017 bull market. Many people got rich during the 2017 crypto bull market. I’m not just talking about those who timed bitcoin before it exploded to $20,000. There were speculators who traded altcoins and waited for them to skyrocket in value...

There’s good news for Bitcoin investors and enthusiasts! The study of some on-chain metrics and Bitcoin wallets shows that the world’s largest cryptocurrency has been in the accumulation zone over the last 12 months.As on January 14, nearly 784,000 addresses were holding one or Bitcoin tokens. This is also an 11% surge from the 707,000 addresses holding BTC a year ago. Furthermore, the blockchain intelligence company Glassnode noted that total addresses holding BTC have doubled since...

Bitcoin price is presently trending at the level of $8,419 (+ 2.38% daily). The crypto is on track in the framework of a strong bearish trend amid growing volatility. The intraday low is recorded on the level at $8,371.The cryptocurrency market returned to minus, losing the insignificant profits achieved on Wednesday. The total crypto assets struggle with losses from 1% to 6%. Bitcoin returns to a mark beneath the $8,500 level (support of last week). Before the continuing bearish activity,...

Ethereum witnessed a small 3% price drop today, causing the price for the coin to fall beneath $165.Against BTC, ETH failed to make any ground above the 100-days EMA and has since fallen back beneath.Despite the recent price drop, bulls may be hanging in there until the price falls to $158. Key Support & Resistance LevelsETH/USDSupport:  $158, $152, $145, $133.50.Resistance: $172,  $175, $180, $186, $194.ETH/BTC:Support: 0.019 BTC, 0.0188 BTC, 0.0185 BTC,  0.0171 BTC.Resistance: 0.0195...

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By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD tech analysisBTC miners earned $5 billion in 2019In the Bitcoin network, a $1.1 billion transaction took placeOn W1, the Bitcoin quotations return to the previously broken resistance level of 50.0% Fibo. Such a pullback should be interpreted as short-term, meant just for testing the positions taken from above. In the mid-term, the quotations are growing to the resistance line of long scale at $11500.00.At the same time, the Stochastic...

A quick recap to the last Bitcoin’s price action from the past week: After touching the 200-days moving average line (~$9060), Bitcoin got rejected and quickly dropped into the $8600 support area, after creating a wick down to $8450.Since the first touch on this crucial support line (four days ago), we had seen Bitcoin trading around $8600. However, there was a negative bias in the recent price action, as mentioned in the previous price analysis.The $8450 support line had seen three attempts,...

The debates on whether or not the forthcoming Bitcoin halving will affect the price of the asset continues with full force. While some people believe that the event has already been priced in and the community should not expect a significant boost, others presume that Bitcoin is yet to encounter the real impact.Bitcoin Halving Can’t Be Priced InThe Bitcoin Halving is arguably the most awaited event this year in the crypto community. It occurs every four years, and the next one is supposed to...

EOS price started a downside correction after trading to a new yearly high at $4.073 against the US Dollar.The price is declining and it recently broke the $3.800 support area.There was a break below a key bullish trend line with support near $3.600 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair remains at a risk of additional losses below $3.550 and $3.500 in the near term.EOS price is correcting lower from the recent high against the US Dollar, just like...

Before Bitcoin firm CoinExchange closed its doors last year in October, an undisclosed theft had occurred a year prior. The crypto firm said the closure was purely a business decision. CoinExchange expressly ruled out a security breach as causing the closure. Was it an oversight or intentional cover-up? Two hackers who stole Bitcoin worth approximately $700,000 from a cryptocurrency exchange have been arrested in Japan. According to Japan Times, the suspects hacked...