words

The Price of Bitcoin Is Facing Its Final Resistance Zone Before $15K

Source Node: https://cointelegraph.com/news/the-price-of-bitcoin-is-facing-its-final-resistance-zone-before-15k
Time Stamp: August 8, 2020 10:41 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

The price of Bitcoin (BTC) is facing its final resistance zone until the bull market is on fire. However, will it break through this resistance zone in one attempt? The charts suggest that the $11,600-12,000 area is a crucial level to break if the price of BTC is to continue moving higher. As the price of Bitcoin couldn’t break through that resistance zone, a slight drop occurred on Friday from $11,900 to $11,350, after which BTC has managed to pare most of the losses since.Crypto market daily performance. Source: Coin360Bitcoin faces

Two Macro Calls That Could Propel Bitcoin to $14,000 This Year

Source Node: https://bitcoinist.com/two-macro-calls-that-could-propel-bitcoin-to-14000-this-year/?utm_source=rss&utm_medium=rss&utm_campaign=two-macro-calls-that-could-propel-bitcoin-to-14000-this-year
Time Stamp: August 7, 2020 1:42 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Bitcoin may hit $14,000 in the coming quarter. The analogy appears out of two extremely bullish calls made for the US dollar and Gold. Bitcoin has shown an extreme correlation with the two macro assets this year. Bitcoin may have some fuel left to continue its 2020’s run-up towards the $14,000-mark. The level–last approached in 2019 against the backdrop of an escalating US-China trade war and falling yuan– has fallen back into the radar of Bitcoin bulls. Only this time, the weakening US dollar has replaced its Chinese counterpart as

Bitcoin is not Completely Banned in China: Beijing Arbitration Commission

Source Node: https://cryptopotato.com/bitcoin-is-not-completely-banned-in-china-beijing-arbitration-commission/
Time Stamp: August 1, 2020 11:04 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

China has no reservation against ‘Bitcoin activities as virtual commodities,’ the Beijing Arbitration Commission (BAC) said in a report today. The report also added that the country’s laws and regulations ‘do not prohibit’ private possession and legal circulation of BTC.Bitcoin Is Not A Currency, But A ‘Virtual Commodity’Today local non-profit arbitration organization, the Beijing Arbitration Commission, pointed out in a report that Bitcoin cannot be used as a currency. It is not a legal tender and is not issued by China’s apex monetary authority.Overall, BTC doesn’t share the same legal

Bitcoin Joins the Alt-Season Breaking $10k: The Crypto Weekly Market Update

Source Node: https://cryptopotato.com/bitcoin-joins-the-alt-season-breaking-10k-the-crypto-weekly-market-update/
Time Stamp: August 1, 2020 7:09 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

This week was nothing short of exciting in the cryptocurrency markets. Bitcoin definitely woke up from its slumber and made a few aggressive moves upwards. Altcoins felt the pain as most of them decreased in value as the king of crypto took its toll.In seven short days, Bitcoin went from around $9,600 to $11,400, charting gains upwards of just shy of 20%. Earlier on Monday, the cryptocurrency catalyzed its performance, jumping from $9,800 to $11,200. After that, it consolidated for a few days, and just today, it painted fresh 2020

Ethereum Rallies Continue as It Faces another Hurdle at $360

Source Node: https://coinidol.com/ethereum-faces-hurdle/
Time Stamp: August 1, 2020 5:42 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Aug 01, 2020 at 09:42 // News Ethereum has continued its bullish run as buyers were able to push ETH above the previous resistance at $340. They were initially stopped at the $340 resistance as the market dropped to $330 low. There was a quick recovery as price broke the resistance and push to the previous highs. Today, ETH has broken above $340 and it is approaching the high of $360 at the time of writing. The upside rise will face minor resistance but it will propel price for a

3 Reasons Why Bitcoin Transactions Are Slow

Source Node: https://coinidol.com/bitcoin-transactions-slow/
Time Stamp: August 1, 2020 4:27 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Aug 01, 2020 at 08:27 // News Despite Bitcoin offering unprecedented decentralization and security, its network has one significant flow, namely, the transaction speed. A single transaction processing can take up to 10 minutes. But why is this happening? To understand why bitcoin transactions sometimes take so much time to confirm, it is essential to first understand how they are verified. Delving into the essence Once a transaction is created, a transaction message is sent to the Bitcoin blockchain and passed around all the nodes available on the network. This

Bitcoin Price Prediction: BTC/USD Reaches the Expected Target at $11.5k as Buyers Take Bold Steps to $12k Mark

Source Node: https://insidebitcoins.com/news/bitcoin-price-prediction-btc-usd-reaches-the-expected-target-at-11-5k-as-buyers-take-bold-steps-to-12k-mark
Time Stamp: August 1, 2020 2:14 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Bitcoin (BTC) Price Prediction – August 1, 2020Today, BTC/USD is now trading above $11,400 after days of battle against the resistance at $11,200. The king coin is close to its next target price of $11,500. This is a positive sign as buyers continue to exercise dominance over sellers. Resistance Levels: $10,000, $11, 000, $12,000Support Levels: $7,000, $6,000, $5,000 BTC/USD – Daily Chart Since July 27, the bulls have been having a running battle to push BTC above the $11,200 resistance. Buyers have retested the resistance on four different occasions without