Tag Archives: Opinion

A big pullback awaits if bitcoin slips below a key psychological level, according to traders. | Source: ShutterstockThe bitcoin price has dropped from $10,968 to $10,285 in the past three days. If BTC fails to remain above $10,100, traders anticipate a bigger pullback below the $10,000 level.Since early August, the bitcoin price has demonstrated volatility within a large range between $9,400 to $10,900, unable to break above or below key resistance or support levels.The bitcoin price (BTC)...

Jack Dorsey, the controversial CEO of Twitter, needs to make up his mind once and for all about bitcoin. Last year, the social media mogul said that the currency would be the only form of money available to people in about ten years. Now, he’s saying bitcoin doesn’t work as money. Which one is it, buddy? Is bitcoin going to work as a currency or won’t it? Hey Dorsey… Which One Is It?Dorsey seems to be all over the map in many ways. For one thing, Twitter is still getting a lot of flack for...

An analyst found that major downturns tend to be healthy for the overall bitcoin price trend. Another analyst explains that 2019 may be a good year for BTC. | Source: ShutterstockMany armchair traders are so focused on the short-term price movement of bitcoin that they forget to look at the big picture. For instance, the widely-followed analyst cryptoamd is expecting the dominant cryptocurrency to dump below $10,000 and then be tapping resistance of $10,500. That’s the trader’s short-term...

Binance Coin has surged twice as fast as any other cryptocurrency over the past year, including bitcoin. Here's why BNB is leading the pack. | Source: REUTERS / Darrin Zammit LupiBinance Coin suffered one of its worst losses this year on May 7th after hackers took off with 7,000 bitcoins. The heist cost cryptocurrency exchange giant Binance a total of $40 million.Four months later, it appears that everyone has forgotten about the security breach. Binance is just as popular as ever, and its...

Bitcoin could be on its way to $20,000 next year if a historical trend repeats itself once again, according to crypto trader Josh Rager. | Source: ShutterstockCrypto trader Josh Rager is a noted bitcoin bull known for his ambitious price targets. He is now predicting that the price of the flagship cryptocurrency could surge 100% in 2020 if a historical pattern repeats itself once more.Bitcoin price could set a new record above $20,000Rager cites a pattern that was last seen in 2015 and 2016....

Bitcoin basher Mark Mobius raised concerns over the security promised by blockchain technology while calling it "a very high-risk situation." | Source: REUTERS / Danish Siddiqui (i), Shutterstock (ii). Image Edited by CCN.Mobius Capital Partners LLP founder and emerging markets fund manager Joseph Bernhard Mark Mobius has raised concerns over the security promised by blockchain technology — first made famous by Bitcoin (BTC) — while calling it "a very high-risk situation."Mark Mobius:...

The Fear and Greed Index suggests that crypto investors are feaful. In addition, a top analyst believes bitcoin has more downside risk before skyrocketing. | Source: ShutterstockOver the last few weeks, bitcoin has been struggling to stay above $10,000. The bullish steam that pushed the dominant crypto to $13,880 is fading away. Armchair traders are quick to notice the coin’s growing weakness.A pseudonymous trader named Escobar has closed short-term long positions. While doing so, the...

Samsung's flagship Note 10 is getting a special crypto edition in South Korea. | Source: REUTERS/Toby MelvilleSamsung launched the KlaytnPhone in South Korea on Thursday, a spinoff of the Galaxy Note 10 equipped with blockchain apps and a cryptocurrency wallet.It furthers Samsung’s position as the most crypto-friendly smartphone maker, putting it lightyears ahead of rival Apple. Thus far, the company has added blockchain support in a variety of models, integrated cryptocurrency payments into...

Though other cryptocurrencies will likely go through periodic pumps, bitcoin is the only crypto with real and lasting value, according to Peter Brandt. | Source: ShutterstockAre you holding cryptocurrencies other than bitcoin? If so, you might want to overhaul your portfolio.That's because an expert in classical charting principles warns that buying altcoins is not a wise investment decision.Not now, not ever.Altcoins Are 'Lead' to Bitcoin's 'Gold'Earlier this week, Peter Brandt took to...

VanEck plans to launch a bitcoin fund designed for institutional investors that The Wall Street Journal falsely describes as a "limited version of a crypto ETF." | Source: ShutterstockThe bitcoin bulls have wrestled back control of the BTC price, with the leading cryptocurrency barreling for $11,000 once again. While the positive momentum emerged over the weekend, the optimism is no doubt also being fueled by today's VanEck development. The New York-based investment management firm plans to...