Tag Archives: Bitcoin

Bitcoin broke $11,000 earlier this morning. Unfortunately for all of us, it didn’t last. The currency rose beyond the $11K level only to fall back to $10,800 – a $200 fall within just a few hours. This is exactly what happened when bitcoin first struck $12,000 in August. The behavior suggests that perhaps $11,000 is the new resistance station that bitcoin will have to overcome.Bitcoin Shoots Beyond the $11K LevelHaving said that, many analysts are pleased that the currency did manage to shoot...

Are things about to go under for Elon Musk, the famed founder of SpaceX and Tesla? Analyst Julian Bridgen has been comparing Tesla’s stock price to the bitcoin bubble of 2017, which ultimately popped in very ungraceful fashion. He’s claiming that Tesla can expect to see similar results very soon.Tesla Isn’t Looking Very Stable as of LateElon Musk is a very intriguing figure in many ways. Despite having little to do with bitcoin, he’s come to be known as one of the biggest promoters of the...

Gene Simmons, the bassist from the popular rock band Kiss (known for its over-the-top vocals, makeup and costumes), appears to be getting ready to move deeper into bitcoin territory and work hard to make it more accessible.Gene Simmons Hints He’s Working with BitcoinThere is a long list of celebrities that have gotten involves in the crypto world. The latest case involves rapper T.I., who settled charges handed out by the SEC (Securities and Exchange Commission) for allegedly promoting a...

Bitcoin has once again spiked further and headed deeper into bullish territory. The world’s number one crypto by market cap has surged to just over $10,900 and is now on the verge of hitting $11,000.Bitcoin Could Rise Into the $11K RangeAt this stage, it would probably be correct to assume that bitcoin will hit this figure in a relatively short period. It is less than $100 away and has been on the rise for the past 72 hours or so. Given the circumstances that bitcoin is facing, it’s also...

Yesterday, Live Bitcoin News reported that a company called MicroStrategy – which had already purchased roughly $250 million in bitcoin recently – was now considering adding more units of the world’s number one digital currency to its now massive stash.MicroStrategy Has Made Its Next Major MoveWell, it looks like those considerations have led to action as MicroStrategy just announced today that it has purchased an additional $175 million in bitcoin. The company now owns more than $400 million...

It looks like bitcoin is suddenly enjoying being bullish. Following its sudden rise into the $10,700 range just yesterday, the world’s number one cryptocurrency by market has sudden shot up by more than $100 and is now trading in the high $10,800 space.Bitcoin Is Suddenly Heading for the TopThings do appear to be moving up for bitcoin. The question is, “Will this newfound bullish behavior last, or is bitcoin just experiencing another odd change?” It’s hard to tell at this point considering...

Bitcoin price found support near the $9,800 area and recently corrected higher.The price is trading above the $10,500 level and the 55 SMA (H4).There is a major rising channel forming with support near $10,560 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair must break the $10,960 and $11,120 resistance levels to continue higher in the near term.Bitcoin price is currently recovering higher above $10,500 against the US Dollar. BTC is likely to clear the $10,950...

There is evidence all over the place that institutional traders are beginning to have more of a hand in bitcoin and cryptocurrency trades. Grayscale reported more than $1 billion in bitcoin transactions during its second quarter, and another company called MicroStrategy announced that it would purchase more than $250 million in bitcoin to add to its financial reserves.MicroStrategy Is Looking To Garner More BTCThis marks one of the first times where a massive company stated that it would be...

As Live Bitcoin News discussed earlier today, bitcoin is once again entering bullish territory. While this is something to be happy about, it’s not quite where we’d like it to be, and things can always be doing a lot better. In other words, the asset is bullish, but not so bullish.Bitcoin Will Strike Golden TerritoryStill, that’s not stopping some analysts and crypto platforms from making wild and over-the-top predictions about where bitcoin’s price will be at the end of the year. The...

Bitcoin is becoming more bullish, it seems. Following a few weeks of nominally bearish activity that ultimately made the currency lose roughly $2,000 from its price and fall from about $12,000 to less than $10,000, the world’s number one cryptocurrency by market cap has shot up to $10,700. This is an $800 price jump from where the asset was not too long ago.Bitcoin Is Heading Deeper Into Bullish TerritoryAfter a price surge that took bitcoin to roughly $12,400, the currency began traversing...