Bitcoin Price Analysis: BTC Losses Coincide with China’s New Policies

Bitcoin Price slow down after sinking 10 percent China introduces new privacy quashing blockchain rules Trading volumes steady but bearish Even though today’s losses are low, there is hope for traders as long as Bitcoin prices are oscillating above $3,700. Drops below this minor support line could trigger sells towards $3,220 or lower in the next few days. Bitcoin Price Analysis At spot prices, Bitcoin is down 3.8 percent in the past 24 hours but stable in the last hour. The coin is flat and trading within a tight trade…

Research Firm Charts Unspent BTC and Calls a Market Bottom in Q1 2019

“How many unspent bitcoins exist?” “How many bitcoins have been lost?” “How many bitcoins are left sitting in wallets, and how does this affect price?” If any (or all) of these questions have ever popped into your head, you’re in good company: They’ve crossed the minds of analysts at Delphi Digital, the self-named “research & consulting boutique specializing in the digital asset market.” The firm just released research on the current state of the bitcoin market, and they believe they’ve forecasted a potential bottom for its declining prices (FYI, they…

Bitcoin (BTC) Falls 5% Amid Sudden Crypto Market Meltdown

Market Drops Drastically In 2019 First On Wednesday night, The Crypto Dog, a leading Bitcoin analyst, took to his Twitter page, which sports over 100,000 followers, to draw attention to the Ethereum/USD chart, noting that something might happen soon. The chart, which accentuated ETH’s wedge formation, indicated that a breakout (either up or down) was slated to happen. whatever gonna happen I think it might gonna happen soon pic.twitter.com/NvhoThFldI — The Crypto Dog📈 (@TheCryptoDog) January 10, 2019 Just hours after his tweet, Ether, along with BTC and the rest of…

Bitcoin Price Watch: BTC Likely Preparing For Bullish Ride

Bitcoin price is placed nicely above the $3,965 and $3,980 support levels against the US Dollar. There is a short term triangle forming with resistance at $4,045 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may continue to move higher towards $4,250 if there is a clear break above $4,080. Bitcoin price is gaining bullish momentum above $4,000 against the US Dollar. BTC remains supported on dips and it may soon climb above the $4,150 and $4,200 resistances. Bitcoin Price Analysis Yesterday, we discussed…

Bitcoin Fees Hit 3-Year Low as Lightning Network, SegWit Help BTC Scale

Bitcoin’s transaction fees have recently hit a low they hadn’t seen in over three years, as according to BitInfoCharts the median transaction fee on the flagship cryptocurrency’s network is just $0.029. As pointed out by cryptocurrency community researcher Kevin Rooke on Twitter, the Bitcoin network hadn’t had fees this low since October 2015, when it was trading at about $270. Bitcoin tx fees just hit their lowest level in over 3 years! Jan 1, 2019:Median Bitcoin tx fee = $0.02Total transactions = 234,576 Oct 13, 2015:Median Bitcoin tx fee =…

Bitcoin Price Weekly Analysis: BTC Approaching Significant Break

Key Points Bitcoin price failed to gain momentum above $3,900 and declined recently against the US Dollar. There is a major contracting triangle formed with support at $3,765 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is approaching the next significant break either above $3,850 or below $3,750. Bitcoin price is trading near important support levels against the US Dollar. BTC/USD may soon make the next move either above $4,000 or below $3,500. Bitcoin Price Analysis This past week, bitcoin price moved higher above…

BTC Bullish Above $3,700, Overstock Path Paving

Latest Bitcoin News Aside from Bakkt, the never-ending wait for US SEC to comment or even approve Bitcoin ETF, the crypto and Bitcoin sphere is bereft of market-moving news. True, there are essential updates from time to time and what dominates right now is Overstock plans of “paying” their commercial activity taxes (CAT) using Bitcoin in the US State of Ohio. In a statement, the founder of Overstock, Patrick M. Byrne said: “The Company is proud to partner with forward-thinking governments and officials like Ohio and Treasurer Mandel to help…

Bitcoin Price Watch: BTC Correcting Gains, But Dips Remain Supported

Key Points Bitcoin price recently traded as high as $3,919 and later started a downside correction against the US Dollar. There is a major bearish trend line formed with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price must stay above the $3,740 support level to bounce back in the near term. Bitcoin price started a downside correction towards $3,700 against the US Dollar. BTC could climb higher once again if buyers continue to defend $3,740. Bitcoin Price Analysis Yesterday, we saw…

Bitcoin Price Watch: BTC Primed To Break $4K

Key Points Bitcoin price is grinding higher and it recently broke the $3,900 resistance against the US Dollar. There is a key ascending channel formed with support at $3,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may decline a few points before it makes an attempt to clear the $4,000 resistance. Bitcoin price is showing positive signs above $3,800 against the US Dollar. BTC remains well supported on the downside for more gains above $4,000. Bitcoin Price Analysis Yesterday, we discussed that bitcoin…

Why Ohio’s State Treasurer Backs Decision to Accept BTC For Tax Payments

As tax season is rapidly approaching, some states, like Ohio, have decided to set a new standard for the rest of the country to follow. Back in November, Ohio became the first state in the U.S. to announce that it would now be possible to pay taxes using bitcoin. While Ohio is first in actually implementing this for its business residents, it’s certainly not the first one to try. Other U.S. states, like Illinois, Arizona, and Georgia have previously attempted to pass legislation allowing state taxes to be paid with…