Why the Inverted Yield Curve Failed to Boost Bitcoin’s Price

Wednesday’s yield curve inversion should have been bullish for bitcoin since it’s a major recession indicator, but the BTC price fell. Market observers explain why. | Source: Shutterstock By CCN Markets: The inverted yield curve on Wednesday should have been a catalyst in moving the bitcoin price higher. That’s because it signaled a recession, which tanked the stock market. It was just about a week ago that the bitcoin price rose in the wake of macroeconomics that sank the stock market. Observers cheered that finally the crypto was being seen…

Bitcoin Slips in Tandem with US Stocks; Still a Safe-Haven?

Bitcoin fell by as much as 5.54 percent on Wednesday after bond markets warned the possibility of a recession is growing. The BTC/USD instrument today established a new local swing low of $9,470 on San Francisco-based Coinbase exchange. The downside price action brought the pair’s week-to-date losses to circa 18 percent. It nevertheless attempted a small recovery above the $10,000, a psychological resistance level during an uptrend, and succeeded. As of 11:25 UTC, the BTC/USD instrument was trading at $10,075. Bitcoin Price Continues Its Downside Correction | Image Credits: TradingView.com…

After Monster Crash Bitcoin Flashes Loudest ‘Buy’ Signal in 8 Months

Bitcoin traders are running scared after a brutal 13% price collapse. But smart traders have spotted a lesser-known buy signal. Source: Shutterstock By CCN Markets: Bitcoin plunged below $10,000 on Thursday after a violent three-day selloff. But now is not the time to panic. If history is anything to go by, now might be the best time to accumulate bitcoin. Zoom out to the longer-term charts and BTC is wildly ‘oversold’ according to the RSI indicator, which has accurately pinpointed bitcoin buying opportunities in the past. Last time RSI was…

Samsung Cleverly Embraces Bitcoin as Rival Apple ‘Surpresses’ Crypto

Samsung quietly added support for bitcoin in its blockchain-enabled smartphones. Rival Apple continues to surpress the technology. Source: Shutterstock By CCN Markets: South Korean conglomerate Samsung has added support for Bitcoin to its tenth series of blockchain-enabled smartphones. This was revealed in an update posted on its developer website. With the added support for the flagship cryptocurrency, Bitcoin now joins Ethereum and Klaytn as the other blockchain platforms integrated into the Blockchain Keystore. By adding Bitcoin support to high-end devices, is Samsung taking the war to the iPhone? A Samsung…

Bitcoin (BTC) Price Final Target But Decline Far From Over

Bitcoin price remained in a bearish zone and even dropped below $10,000 against the US Dollar. The price is now trading well below the $10,200 level and it could continue to slide. There is a key bearish trend line forming with resistance near $10,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is under a lot of pressure and it could even test the $9,500 support area. Bitcoin price is trading a crucial downtrend below $10,200 against the US Dollar. BTC price tested the…