This Is Your Last Chance to Buy the Dip Before Bitcoin Pierces $20,000

In early May, we accurately predicted that bitcoin would trade above $11,500 before the end of 2019. The leading cryptocurrency breached that level last month, recording a fresh yearly high above $13,000. Since then, BTC has been correcting and is back trading near $10,000. While many see the retracement as the end of bitcoin’s parabolic rise, our analysis shows that the number one cryptocurrency is simply consolidating gains as those who caught the bottom take profits. However, once this round of selling is over, we are confident that bitcoin will…

S&P 500 Gains Can Earn You Bitcoin on New Bain Capital-Backed Exchange

Crypto investors have a new way to bet on the price of bitcoin – or on traditional assets – with the formal launch of EverMarkets Exchange (EMX)’s derivatives platform. The Palo Alto, California-based startup was founded two years ago and opened the exchange to a restricted audience at the end of May 2019. Effective Monday, the market is now available to participants worldwide – though U.S. residents are excluded. Co-founder Craig Austin told CoinDesk that the company wants to give customers access to a “world market” by trading derivatives tied…

XRP, Libra and Visa to Fight It Out for Cross-Border Remittance Crown

The increased penetration of cryptocurrency in the digital payment arena appears to be affecting the landscape of cross-border remittances. Financial institutions and other mainstream establishments are now jostling with blockchain startups for control over an industry that could possibly experience massive growth over the next few years. With more participants comes greater competition and an emphasis on creating the most robust operating technology. To achieve this aim, some players are leveraging their status as giants of their respective mainstream fields while others are pursuing partnerships and collaborations. For historically unbanked and underbanked areas…

This Textbook Indicator Hints a Sharp Bitcoin Trend Reversal

The bullish outlook for bitcoin improved exceptionally in the second quarter of 2019 as the cryptocurrency surged by more than 165 percent. But according to a crucial technical indicator, a sharp reversal is underway. Prominent market analyst Josh Rager spotted Shooting Star — a candlestick pattern in which an open, low, and close, are virtually the same — on a weekly bitcoin chart. Rager called the Shooting Star pattern a “sign of a bearish reversal,” further confirmed by a long upper shadow towards the week’s peak level of $13,868.44, as shown in…

Bitcoin Falls to $11,000, Loses Key Support Levels: Correction Talk Mounts

Analysts Wary of Bitcoin, Await Correction After managing to stay situated above $11,000 for a number of days, Bitcoin (BTC) has begun to slip. This is a far cry from the performance seen earlier this week, with one day seeing Bitcoin post a 20% daily gain. With this poor performance, which has effectively reversed all of this week’s gains, analysts have begun to fear that at long last, Bitcoin may just be poised for a deep correction. So, what exactly are analysts thinking, and what is the cryptocurrency market looking like from…