Tag Archives: btcusd

BitcoinBitcoin saw a small 1% increase this week as it continued to trade sideways within the confines of a symmetrical triangle pattern. BTC has been trapped within this triangle since the start of June 2020, and a breakout will dictate the next direction.Looking ahead, if the buyers can rebound from the lower boundary of the triangle and push above the upper boundary, the first level of resistance will be located at $9,815. This is followed by additional resistance at $10,000, $10,226, and...

Max Kaiser is a well-known American broadcaster and filmmaker. His previous experience includes anchoring an analysis program called On The Edge and producing a TV series on the Al-Jazeera English network.Currently, he’s the host of his own widely-popular financial program called the Keiser Report. Apart from his TV and online appearances, Keiser is also a long-time Bitcoin and cryptocurrency proponent.CryptoPotato recently had the chance to interview Keiser, where he said that his first...

Bitcoin and most altcoins have retraced slightly in the past 24 hours, after a few days of gains. Interestingly, similar price fallbacks are visible in the traditional stock markets, as the Dow Jones is down by 1.4%.Bitcoin’s False BreakoutAfter the unsuccessful attempt to conquer $9,500, Bitcoin hovered above the significant 50-MA level at $9,300. However, the primary cryptocurrency has since slipped below it as it went from $9,440 to its current position at $9,150 in a few hourly candles....

US privacy advocates are worried that the 4th amendment does not protect Bitcoin transactions after a court ruled that the FBI agents hadn’t violated the law when they accessed data of Coinbase clients.Bitcoin Transactions Reveal Deeply Personal InformationA week ago, CryptoPotato reported that a three-judge panel of the Court of Appeals for the Fifth Circuit ruled against the appeal of Richard Gratkowski. He claimed his fourth amendment rights were violated when the federal agents subpoenaed...

Bitcoin was looking promising to take on the $9,500 level yesterday after finally breaking above a critical down-trending resistance.Unfortunately, the breakout was nothing more than an orchestrated trading strategy used commonly by Bitcoin whales to shake out retail traders and likely accumulate more BTC.And it worked.The Bitcoin-Bashing Bart Simpson PatternWhenever there’s low liquidity, Whale traders need to create volume in order to place large sell orders and reduce slippage as much as...

The leading US-based cryptocurrency exchange and one of the biggest companies in the industry, Coinbase, reportedly prepares for an official stock market listing.Coinbase Prepares for Stock Market ListingAccording to a report filed by Reuters minutes ago, the leading US-based cryptocurrency exchange, Coinbase, has started making preparations for a stock market listing.Should the procedure be a success, Coinbase will become the very first major US cryptocurrency exchange to go public and it...

Galaxy Digital CEO Mike Novogratz believes that Bitcoin will outperform gold in the upcoming months. However, he advised people to allocate more funds into the precious metal instead of the primary cryptocurrency because of the high fluctuations in its price.Buy More Gold Than BTC, Says NovogratzThe former Wall Street hedge fund manager Novogratz has been a long-time Bitcoin proponent. During some of his previous comments regarding the cryptocurrency, he predicted that the asset could return...

Binance Futures traders held more open positions in June compared to May, even though trading volumes declined month-on-month. Open interest on Binance Futures rose 180% in June compared to May, from 220 million USDT to 580 million USDT. Binance concluded that this might anticipate an increase in Bitcoin volatility.Traders Held More Open Positions in BTC Contracts Than in MayBinance released its monthly report discussing the activity on its futures trading platform. While trading volume...

Despite world economies still feeling the adverse effects of the COVID-19 pandemic, most stock markets have recovered from the March losses, and some are even charting new highs.This has raised speculations that Bitcoin’s price may head south, and OKEx CEO Jay Hao recently offered his answer on the matter.Jay Hao Examines The Stock Markets And BitcoinAs CryptoPotato reported, the popular index Nasdaq reached a new all-time high yesterday and continued its upward movement today. Other...

As mentioned in the last analysis, we anticipated the down-trending level (blue line) would create some resistance for bullish traders, and after five failed attempts, they finally succeeded in breaking through it.Right now (as of writing these lines), BTC prices have jumped $175 in the last hour, and for the first time since January 2020, a bullish convergence has appeared on the monthly MACD.Bitcoin Price Levels to Watch in the Short-termDepending on the strength of the current breakout, we...