Tag Archives: BTCGBP

Despite being up about 5% on the day, BTC’s price took a beating in the past couple of days. It appears that the bulls are attempting to retake control, although the shot at $47K from earlier today has so far been unsuccessful. Technical Analysis By: Edris Daily timeframe: Chart by TradingViewBitcoin’s price is struggling to recover, and it is still trading below the 200-day moving average. This level is one of the most common indicators to determine whether an asset is in a...

The California Macintosh and iPhone maker is in the process of ramping up its proprietary financial services technology and increasing Apple’s lending to iPhone users of Apple Pay. This is according to a Bloomberg report from earlier this week. The Cupertino high-tech giant sounds serious about the project, dubbing the effort “Breakout” and seeking to replace its fintech partners with in-house solutions and infrastructure to bolster payments processing, credit checks, and...

This week was nothing short of eventful from all ends of the spectrum. The market went through considerable volatility, fortunately – it was to the upside for the most part. One of the most popular NFT series – Azuki – also airdropped additional NFTs to its holders while the anticipation and hype more or less doubled its value. All this while Axie Infinity’s Ronin bridge was exploited for some $600 million in what can easily be the largest crypto hack ever. Let’s unpack....

The American politician and attorney serving as the junior United States Senator for Texas – Ted Cruz – introduced a bill restraining the Federal Reserve from launching a central bank digital currency (CBDC) directly to the broad society. The legislation was first submitted in January 2022 by Congressman Tom Emmer. Emer’s Bill Receives Support Public cryptocurrencies such as bitcoin are much different than centralized CBDCs. The latter are issued and monitored by a government...

After almost three months of consolidation, Bitcoin’s price finally broke out of the $33 – $46K range. The Daily Timeframe Technical Analysis By: Edris The price has broken above the $46K resistance zone following a parabolic move and is currently testing the 200-day moving average line (MA) amid $48K. This moving average is a significant trend indicator and if the price breaks above it, the trend would be considered bullish again. The next key resistance lies at the $52K...

With Bitcoin finally breaking above the $45,000 resistance level that held it down for months, the market is finally reflecting overall optimism. The Crypto Fear & Greed Index has now reached 60 – the highest reported number since Bitcoin’s all-time high in November. Back in Bullish Territory The Crypto Fear and Greed Index is an overall measure of crypto market sentiment gauged by Alternative.me – a software connecting platform. Its basket of indicators includes...

It finally happened: After four failed attempts during the first months of 2022, Bitcoin managed to overcome the critical resistance line at $46K and the hope returned to the market. While the bears struggled to defend this area, the bulls were able to take control by liquidating more than $400 million of open positions. Most of the indicators are now in the bullish zone. Technical Analysis by Grizzly The Daily Chart On the daily timeframe, the ROC 30d indicator was able to...

The lack of knowledge among common investors about cryptocurrencies and how to safely invest in them is resulting in a growing number of frauds. In a recent example, the Crime Investigation Department (CID) of Ahmedabad Police in India’s Gujarat province registered a case where the victim was duped of Indian Rupees (Rs.) 22 lakh (approximately $27,000). Details of the Case As per the First Information Report (FIR) lodged with the police, Harshad Patel was introduced by his...

There’s been a lot of discussion surrounding EU’s proposed MiCA regulations, especially the text that was aimed at outlawing proof-of-work cryptocurrencies like Bitcoin. Now, the law is moving forward but without these clauses.  A Relief for Bitcoin in EU The European Union’s (EU) proposed Markets in Crypto Assets (MiCA) regulatory package has decided not to advance the controversial provision targeted at limiting the use of the proof-of-work cryptocurrencies due to energy...

Following a bullish rebound over the past few days, Bitcoin has once again reached the critical resistance zone of $45K. The good news is that the price has broken above the 100-day moving average line, followed by a bullish rally compiled of five green daily candles. The Daily Chart Technical Analysis By Shayan The BTC price is currently aiming for another attempt to break the critical resistance level of $45K. If it succeeds, breaching above the $46K supply zone could be...