Tag Archives: btcusd

Over the past two days, Bitcoin (BTC) price maintained the same $9200 – $9500 trading area that followed its price action for quite some time.Bitcoin is known for its volatility and does not tend to stay at one place for long, or trade at a tight range of 3-4% for days already.As we can see on the following 4-hour chart, the Bitcoin price is forming a giant symmetrical triangle for almost a month. This triangle apex is expected sometime in the next week; however, a breakout can occur at any...

Bitcoin recently received a notable acknowledgment from a massive global automotive brand. In a celebratory video for the 50th birthday of one of its most prominent models, the British car manufacturer Land Rover included the creation of the BTC network as a significant event in the past 50 years.Land Rover Acknowledges BitcoinHeadquartered in Coventry, the UK, Land Rover has become a globally recognizable car manufacturer with its premium and luxury sport utility vehicles. One of the most...

According to a new publication of the Federal Reserve Bank of New York, Bitcoin is not a new type of money. The authors argue that it’s a new type of exchange mechanism, capable of supporting money transfer.The well-known economist and author Peter Schiff backed up the claims, reiterating that once savers lose confidence in it, they will return to gold.Bitcoin is Not a New Type of Money, Fed SaysAccording to Bitcoin’s whitepaper, Bitcoin: A Peer-to-Peer Electronic Cash System, BTC is a...

The past 24 hours saw Bitcoin losing an important support level at $9,400. At the same time, the entire market continues to slowly bleed out, as it has been doing for the past few days.Bitcoin Price Below $9,400As CryptoPotato reported yesterday, Bitcoin continues to trade within a range between $9,200 and $9,500 for the last week, except for the wick to $9,000 on June 15th.There’s a symmetrical triangle pattern in play that emphasizes this narrow range, hinting that the price is currently...

Nomura Holdings, one of Japan’s largest financial companies, has launched a Bitcoin custodial service for traditional investors through a joint venture with hardware wallet provider Ledger and investment company CoinShares.Digital Asset Custody Solution For InstitutionsThe partners have been working together to develop the digital asset custodian dubbed Komainu since 2018, and it was officially launched on Wednesday. The venture describes itself as the first regulated digital assets custody...

According to a recent report, the majority of all mined bitcoins are held by long-term investors, while only 19% is utilized for trading.Although professional traders are roughly only 4% of the market, they are largely responsible for significant price developments, the research added.BTC HODLers On The RiseThe cryptocurrency monitoring company Chainalysis recently posted its latest report exploring the behavior of Bitcoin investors. More specifically, it examined their approach to “what are...

The last seven days were relatively calm when it comes to Bitcoin as it marks a slight decrease of less than 1%. However, on June 15th, the price dropped to about $9,000, but it managed to recover very quickly and has traded in a narrow range since. Overall retail interest in the asset seems to be decreasing as Bitcoin recorded the lowest number of searches in the past three months, data from Google Trends revealed. The asset remains mostly correlated with legacy markets, but the latter...

BitcoinBitcoin saw a period of sideways movement over the past week as it dropped by a small 0.5%. The cryptocurrency has pretty much traded between $9,600 and $9,200 over the past seven days as it remains above the rising trend line support.So long as BTC can continue above this rising trend line, the bullish trend would be intact.Looking ahead, if the buyers push above $9,600, the first two levels of resistance lie at $9,815 and $10,000. Above this, additional resistance is found at $10,226...

According to a popular metric, Bitcoin has dropped back in a “buy zone.” Historically, it has been an attractive point for investors to accumulate as a price surge has followed on most occasions.Bitcoin’s PM Indicator Drops To 0.5The Puell Multiple is a metric calculated by dividing the daily issuance value of bitcoins in USD by the 365-day moving average of the daily issuance value. Daily issuance is the number of freshly minted coins added to the ecosystem by miners after receiving them as...

Over the past days, Bitcoin price was mainly trading around the $9400 mark, following the MA-50 pink line of both the attached 4-hour chart and the daily.This dull sideways action had started a week ago, and despite a little glitch below $9200, we can say that the trading range had been $9200 – $9500, which is quite stable for a currency like Bitcoin.What’s Next?As history taught us, Bitcoin does not like staying at one spot for a long while. We do anticipate a wild move to take place,...