Utilising MarketHive to Promote CryptoCurrency
Bitcoin (BTC) Price Watch – More Bears Waiting to Hop On Bitcoin Price Key Highlights Bitcoin price broke below its ascending triangle consolidation to signal that more losses are in the cards. Price is finding a bit of support, though, so a pullback may be taking place from here. The Fibonacci retracement tool shows […]
Bitcoin (BTC) Price Watch – Waiting for a Triangle Breakout Bitcoin Price Key Highlights Bitcoin price has formed higher lows and found resistance around $6,500 to create an ascending triangle pattern on its 1-hour chart. Price is currently testing the resistance and is nearing the peak of the formation, so a breakout might be due […]
Bitcoin price analysis – Short term support helps, but bounce won't be bigger BTC bounces from short term support line. Oscillating between support and resistance. Bitcoin, the largest cryptocurrency by market capitalisation and poster boy of the crypto world, managed to bounce from the short term support even as the bounce from this support won't […]
Bitcoin Trend Chart Predicts 2020 Block Halving Could Be Massive For Price The next Bitcoin block reward halving event could prove to be a watershed moment for its price, according to data currently circulating around social media. $10 Million By 2023? A summary of Bitcoin’s price at the first two block halvings uploaded to […]
Did Tether Trigger a Short Squeeze or a Dead Cat Bounce? This time yesterday it appeared that all was lost, as Bitcoin price slipped within $100 of the current 2018 low. Then something unexpected occurred. Perhaps shorts got squeezed out of their loftily precarious positions or was it Tether’s newly minted $130 million USDT that […]
Bitcoin Cash Price Analysis – BCH/USD Upsides Capped Near 100 SMA Key Points · Bitcoin cash price recovered further, but it failed to move above the $540 resistance area against the US Dollar. · There is an expanding triangle forming with current support at $492 on the hourly chart of the BCH/USD pair (data feed […]
Bitcoin price analysis – Bullish divergence in play above $6,300; BTC/USD jumps 2% on the day Bitcoin price welcomes the bullish trend, clears the resistance at $6,300 and targets $6,400 in the near-term. BTC/USD Must find support above the 61.8% Fib level above $6,300, although other support levels will come in handy if a […]
Bitcoin's value will come in time, even if investors are spooked now, crypto advocate says Bitcoin's narrative is hard to pin down, but as with early internet stocks, real traction will come in time, cryptocurrency investing strategist Meltem Demirors told CNBC on Monday. Despite bitcoin's aspiration to be a safe haven asset, the cryptcurrency has […]
Bitcoin (BTC) Price Watch – Still Waiting for Directional Clues Bitcoin Price Key Highlights Bitcoin price is trending below a short-term descending trend line as it hovers at the long-term floor. Traders are likely waiting for the next catalysts to decide which direction the breakout could take. Technical indicators appear to be suggesting a slowdown […]
Bitcoin – Can the Bulls Prize Out a Late Weekend Rally? Bitcoin finds support early to hold on to $6,200 levels, though a move through $6,300 levels is going to be needed to avoid a pullback later in the day. Bitcoin gained 1.5% on Saturday, partially reversing Friday’s 5.77% slide, to end the day at […]