Why An SEC Announcement Is What Stands Between Bitcoin (BTC) and a $7,200 Price Value

From the onset of this article, I would like to let the reader know that I am not a Technical Analysis expert. Any further opinion in this piece is based purely on fundamentals and observations. Therefore, looking at the performance of BTC since the expiration of last month’s CME Bitcoin Futures contracts on the 26th of October, we can easily tell that it has a price momentum of moving past the $6,600 level experienced by some traders only a few hours ago. Effect of BTC Futures Traditionally, whenever Bitcoin futures…

Andrew Fleming, Former Dow Jones Executive, Joins BTC Inc as Head of Media

BTC Inc, the parent company of Bitcoin Magazine, is excited to announce the hiring of Andrew Fleming to be the new head of its media division. The addition of Fleming to BTC Inc’s management roster is the latest example of an emerging trend of big-name talent leaving institutions in order to join the crypto and blockchain industry. Before coming to BTC Inc, Fleming was the Head of Content Platforms at Dow Jones, parent company of the Wall Street Journal, MarketWatch, Barron’s and many other leading publications. Prior to Dow Jones,…

Electronics Giant HTC Announces Presale of Its Blockchain Smartphone Exodus in BTC, ETH

Taiwanese electronics company HTC has announced the presale of its widely-discussed blockchain smartphone, Exodus 1, the product’s official Twitter account reveals Oct. 23. The Exodus 1 presale was officially announced today during the Web3 summit, taking place Oct. 22-24 in Berlin. According to the HTC Exodus website, “early access” to the phone can currently only be purchased via Bitcoin (BTC) or Ethereum (ETH), and is available to 34 regions, including the U.S., U.K. and Hong Kong. At press time, pre-orders for the Exodus 1 are listed at around $960 (0.15…

Bitcoin (BTC) Price Watch: Stuck in This Short-Term Range

Bitcoin Price Key Highlights Bitcoin price is still treading sideways, right in the middle of its range visible on the 1-hour and 4-hour charts. Price has yet to break out of the current consolidation to show whether it would make a test of support or resistance. Technical indicators seem to be suggesting that a move towards the bottom of the range is due. Bitcoin price still seems to be waiting for directional clues as it moves sideways in the middle of a $600-sized range. Technical Indicators Signals The 100 SMA…

Fundstrat’s Tom Lee: $25k For Bitcoin (BTC) Still Possible, “People Are Too Bearish”

Fundstrat Executive Maintains Bullish Bitcoin Prediction, Calls Investors Bearish When it comes to Bitcoin bulls, there isn’t anyone as optimistic as Tom Lee, a veteran market analyst on Wall Street. Over the course of the past year, on dozens of occasions, Lee has claimed that the foremost crypto asset is poised to surpass $25,000, even in spite of the bearish market conditions. After a multiple-week hiatus from discussing crypto assets, Lee, who is currently acting as the managing director of Fundstrat Global Advisors, sat down with ‘BlockchainChick‘ to discuss his…

Bitcoin (BTC) Price Watch: Is That a Bullish Breakout Yet?

Bitcoin Price Key Highlights Bitcoin price appears to be closing above the top of its symmetrical triangle pattern to show that bulls are gaining the upper hand. If so, this could lead to a rally that’s roughly the same height as the formation, which spans $6,000 to $10,000. Technical indicators are giving mixed signals, although there seem to be signs of slowing bearish pressure. Bitcoin could be breaking above the top of its symmetrical triangle to signal that a longer-term climb is underway. Technical Indicators Signals The 100 SMA is…

Binance Locks Down User’s Wallet Holding 1200 BTC

Binance, the world’s largest crypto exchange by trade volume, blocked a user from accessing their wallet with over 1200 Bitcoins. The owner of the wallet goes by the Reddit username skilledguyfx, and claimed that such decision was sudden and that the Binance team had been evasive in providing the specific reasons for the block. The user went to Binance’s Subreddit commenting that they had complied with all security requirements imposed by the company. According to the Reddit post, his account was a 3D Level Verified account, and he used those 1200…

Blockstream Co-Founder: Scaling Bitcoin (BTC) Doesn’t Require A Hard Fork

Sharding Could Be The Answer To Bitcoin (BTC) Scaling Even in spite of the dismal market conditions, developers and industry leaders continue to push for the maturation of blockchain technologies, which will subsequently spark the growth of the industry backing crypto assets and this up and coming innovation. One of these industry leaders is Mark Friedenbach, a Bitcoin developer and the co-founder of blockchain tech startup Blockstream, who recently hosted an event highlighting the scaling of the largest blockchain network in the world. For those who aren’t in the loop,…

Pantera’s Digital Asset Fund Down 72% In 2018, Bitcoin (BTC) ‘Only’ Down 50%

Pantera Capital Struggles Amidst Crypto Bear Market, Underperforms Bitcoin Pantera Capital is undoubtedly one of the leading venture funds in the cryptosphere, but its status and fame haven’t helped Pantera’s Digital Asset Fund perform any better in 2018’s tumultuous bear market, which saw many crypto assets fall victim to an 80% haircut in prices. Pantera releases some painful performance numbers for their new #crypto fund. #bitcoin #ethereum pic.twitter.com/Do6D8sxHla — Collin Crypto (@CollinCrypto) October 5, 2018 According to statistics, which were first revealed by CollinCrypto, that have since been spread all across…

Bitcoin Price Watch: Here is Why $6,600 is Significant for BTC

Key Points Bitcoin price remained below the $6,600 resistance level against the US Dollar. This week’s followed important bearish trend line is still active with resistance at $6,585 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair has to clear the $6,585 and $6,600 resistance level to gain traction in the near term. Bitcoin price struggled to clear the $6,600 resistance against the US Dollar. BTC/USD could react to the downside if there is a continuous failure near $6,600. Bitcoin Price Analysis During the past…