Bitcoin Price Teeters on Brink of Brutal ‘Panic-Driven’ Crash

By CCN: According to prominent technical analysts including Peter Brandt and DonAlt, the bitcoin price is facing strong resistance at around $6,000 and is vulnerable to a correction in the short-term. “Just an opinion — there is a chance BTC is topping here, having met its price target at key resistance. A correction could occur before another move toward 6500, then a more significant correction,” Brandt said. Brandt’s forecast comes after the bitcoin price has surged by 10 percent within the past week against the U.S. dollar, demonstrating strong momentum.…

Will Litecoin (LTC) Rally to $1,000 After August 2019 Halving?

Litecoin (LTC) up 6.1 percent Charlie Lee thought LTC would rally to $1,000 In a podcast, Charlie Lee now reveals that he thought Litecoin (LTC) would surge above $1000. All the same, by profitably exiting at the height of the Great Bull Run of late 2017, he reaped huge despite all the criticism from the community. At spot rate, Litecoin (LTC) is up 6.1 percent in the last week. Litecoin Price Analysis Fundamentals Year-to-date, Litecoin, and Binance Coin are perhaps the top two performing assets with triple-digit gains. However, it…

Beware the Fake Bitfinex White Papers Appearing Online

As speculation and impatience arises over the upcoming Bitfinex token sale, opportunistic fakers are creating bogus white papers that purport to describe the details of the upcoming sale. Why? To scam potential buyers out of their cash. “The white paper you all are seeing now is a fake one,” said Dong Zhao, a Bitfinex shareholder. “The authentic white paper is not yet released. The name of the token is called LEO, not BFX. The offering accepts USDT, not BTC or ETH. The total amount to be raised is still 1…

Bitcoin Price Will Hit $6,500-Mark in Near-Term: Veteran Commodity Trader

Bitcoin could undergo an immediate bearish correction, but it would eventually bounce back towards $6,500, according to Peter Brandt. The veteran commodity trader said Saturday that the bitcoin price was meeting its crucial resistance level near $5,745, as shown in the chart below. There was a strong probability of the asset undergoing a reversal, which loosely means that traders were not confident to purchase bitcoin at its higher rate. Therefore, the ones who bought the asset near $5,000-support might want to exit their positions on a handsome $745-per-bitcoin profit – more…