Bitcoin Price (BTC) Trading Near Inflection Point After Recent Recovery

Bitcoin price started a decent upside correction after trading as low as $9,784 against the US Dollar. The price traded above the $10,500 and $10,800 resistance levels to start the recent recovery. Yesterday’s highlighted major bearish trend line was breached with resistance near $10,680 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is now facing a strong resistance near the $11,000 and $11,100 resistance levels. Bitcoin price started a strong recovery above $10,500 against the US Dollar. However, BTC is still struggling to settle…

John McAfee Reiterates His $1 Million by 2020 BTC Price Prediction

In a rather haughty Tweet posted earlier today, American crypto enthusiast John McAfee wrote that he was “laughing his f—— ass off” at the concern over Bitcoin’s falling price this week. The entrepreneur went even further and reiterated his prediction that Bitcoin would reach $1 million by 2020. What has him so bullish? John McAfee Predicts Bitcoin $1 Million by 2020 Bitcoin price has fluctuated wildly in recent weeks. Unable to breach the $14,000 mark, Bitcoin topped out at approximately $13,650 and fell back below $10,000 at the end of…

Bitcoin (BTC) Price Weekly Forecast: Risk of Extended Drop To $8,880

There was a major drop in bitcoin price after it broke the $12,000 support against the US Dollar. The price is currently holding the key $10,800 support area, but it remains at a risk of more losses. There was a break below a key bullish trend line with support at $12,100 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses towards the $8,880 level if there is a successful break below $10,800. Bitcoin price is holding the key $10,800 support area against…

Bitcoin (BTC) Absorbs Sell Pressure, Will $11,200 Hold?

Bitcoin (BTC) up 2.8 percent Hackers strike Bitpoint, user funds stolen Bitpoint is the latest Japanese exchange to lose customer funds through a hack. In an announcement, the exchange said it lost $32 million worth of Bitcoin, Litecoin and other coins stored in their hot wallet. At the time of press, BTC is up 2.8 percent. Fundamentals Japan is known for its flexibility. As one of the early adopters, Japanese regulators are firm on their oversight. Formulating and implementing consumer-centric laws, the Financial Services Agency (FSA) has the best interest…

Bitcoin Price (BTC) Hits $13K: Dips Remain Attractive To The Bulls

There was an upside extension above the $12,800 and $13,000 resistances in bitcoin price against the US Dollar. The price even traded close the second bullish target of $13,200 (as discussed yesterday). There is a major bullish trend line forming with support near $12,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). Dips remain supported if there is a downside correction towards the $12,700 or $12,500 level. Bitcoin price climbed further higher and broke the key $13,000 resistance against the US Dollar. BTC is currently consolidating…

Binance Cuts Time Needed for BTC, ETH Deposits and Withdrawals

Binance has just cut the time needed to make withdrawals and deposits in two top cryptocurrencies. The crypto exchange announced Tuesday that it’s adjusted its systems so that the number of block confirmations – in effect, how long before a transaction is considered confirmed as complete and can be executed – has been halved for bitcoin (BTC) deposits to 1 block confirmation. Withdrawals will take two confirmations. For ethereum (ETH) and related ERC-20 tokens, Binance said 12 block confirmations are now required for deposits and withdrawals – that’s down from the previously…

Bitcoin (BTC) Price Trading Near Make-or-Break Levels

After a strong recovery, bitcoin price struggled to gain momentum above $12,000 against the US Dollar. The price topped near the $12,050 level and recently corrected gains below $11,500. There is a major bearish trend line forming with resistance near $11,700 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could either surpass $11,700 and $12,000 or decline further below the $10,800 support. Bitcoin price is facing a couple of strong resistances near $11,700 and $12,000 against the US Dollar. BTC must surpass the $12,000…

Bitcoin (BTC) Price Hits First Target: $12.5K Now In Sight

There was a steady rise in bitcoin price and it tested the $12,000 resistance level. It traded as high as $12,053 and is currently correcting gains towards $11,600. There is a new connecting bullish trend line forming with support near $11,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains well supported on the downside and it seems like it could continue towards $12,500. There were steady gains in bitcoin price above the $11,500 resistance level against the US Dollar. BTC tested the first…

Bitcoin (BTC) Chart Bullish (Again) After Recovery to $11,000

Bitcoin Now Bullish After Recovery Activates After entering the $9,700 region just the other day, Bitcoin (BTC) has bounced back. Hard. As of the time of writing this article, the leading cryptocurrency sits at $11,000 — up nearly 7% in the past 24 hours as BTC registers a strong bounce after a 30% selloff that took place over a matter of days. While this bounce is to be expected, is the Bitcoin price chart bullish once again, just like it was earlier this month? According to a number of prominent…

20,000 Bitcoin (BTC) Short Claimed on Bitfinex: Bullish or Bearish?

Bitcoin Short Worth $200M+ Claimed On Sunday, a trader on Bitfinex claimed, not liquidated, 20,000 Bitcoin (BTC) worth of shorts — a position that was collateralized by over $200,000,000 worth of the cryptocurrency if unlevered. It is important to note that prior to the claim, there was a mass inflow of Bitcoin onto Bitfinex. For those unaware of the complexities of Bitfinex’s long-short trading system, the “claim” means that the trader (assumed to be one entity due to the speed of the claim) used funds in his/her/their margin wallet to…