BitcoinBitcoin BTC news

The very first cryptocurrency, crypto 'gold', blockchain-money
Price, 24h
5,322 USD
Volume, 24h
3,090,105,501 USD
90,767,185,800 / 53%
Chart price/vol/NIS 7d
Asset details

World latest news

Crypto Analyst Sees Bitcoin (BTC) Potentially Falling Further, Even After Drop To $5,200 Off Tether News

Bitcoin May Have Further To Fall As Ethereum World News just covered, the cryptocurrency market hasn’t been doing all too hot in the past while. As a result of documents from the New York Attorney General’s office revealing that Tether (USDT) and Bitfinex are likely on thin financial ice, Bitcoin (BTC) has dropped dramatically. 30 minutes after the report came to light, BTC fell by almost 10% to reach just under the $5,000 resistance level, at $4,950. While Bitcoin and other cryptocurrencies have since recovered to some degree, with the BTC market finding some support in the $5,100 range, one analyst is worried that a further move lower could be inbound. Financial Survivalism, a self-proclaimed “financial revolution prepper” and leading cryptocurrency trader, recently opined that Bitcoin’s current market structure is looking much like it did during early-December’s collapse. The only difference is that the chart (and indicators) are inversed. As Survivalism, who adamantly believes Bitcoin could see sub-$2,000 prices before a face-melting rally, explained, the recent action in the TD Sequential and Relative Strength Index (RSI) indicators looks almost identical to that seen in early-December, but entirely inverted. 1/2 The current $BTC market structure is looking very much like an inverse of what we saw during December 2018. First notice the bull div on the RSI with two daily red 9's. Currently we have a bear div after two green 9's. The ADX is also rolling over after spiking above 70.— Financial Survivalism (@Sawcruhteez) April 25, 2019 Thus, if history is followed, Bitcoin could see a “prolonged period of consolidation,” which could happen between $4,200 and $5,800. He adds that if BTC falls under its 50-day and 200-day exponential moving averages (EMA) at $4,700, the golden cross would be deemed invalid, setting the stage for a potential move lower. It isn’t clear where Survivalism believes BTC will head after the consolidation period. However, as hinted at earlier, the analyst has suggested that if Bitcoin follows Hyperwave Theory, a parabolic trend to massive drawdown pattern that asset classes/markets with the potential to catalyze large macroeconomic shifts tend to experience at one point or another, it could see $1,165 or even lower before the next move higher. Survivalism, of course, isn’t the only one that is short-term bearish on cryptocurrencies. As Magic Poop Cannon explains, Bitcoin’s chart structure, 50-week exponential moving average, 50- and 200-day moving averages, Fibonacci retracement levels, and Relative Strength Index (RSI) readings are effectively identical to that seen in mid-July. Thus, Magic predicts that if historical precedent is followed, BTC will trade in the low to mid $5,000s until May 7th, and will then fall to its 0.618 Fibonacci retracement, which currently sits at $4,025. Others Remain Optimistic Some are sure that BTC will do just fine in the short-term, however. A trader going by “Mayne” on Twitter recently claimed that Bitcoin’s “daily chart doesn’t look that bad.” He explains that as long as the leading cryptocurrency holds above the “grey,” a range between $4,900 and $5,000, all is O.K. $BTCDaily chart doesn't look that bad. As long as we hold the grey we are OK. We lose the grey we are going to the mid $4xxx, which I'd look to long bigly.FUD and news aside, there were bearish signs in PA, if you shorted well done.– 3D SFP– Rejected at daily resistance— Mayne (@Tradermayne) April 26, 2019 And the rapidly-changing sentiment regarding Tether’s legitmacy would support this cautiously optimistic narrative too. As researcher Hasu notes, the fact that Bitfinex dipped into Tether’s reserves effectively verifies that USDT is actually backed, and that the exchange was just employing bad business practices and/or was unlucky with its Panama-based payment processor/partner. Photo by Gaetano Cessati on Unsplash The post Crypto Analyst Sees Bitcoin (BTC) Potentially Falling Further, Even After Drop To $5,200 Off Tether News appeared first on Ethereum World News.
Ethereum World News

Bitcoin Slump To $5k, $4800 May Be Next as Price Holds Above 200-Day MA

Bitcoin (BTC) Price Analysis – April 26 Despite the bearish surge, Bitcoin still appeared bullish. But if the selling pressure eventually breaks the major 200-day moving average (yellow line), we may see price at $4800 and below for a medium-term bearish correction. On the long-term trend, Bitcoin is likely to visit April 2 break level at $4250. Nevertheless, the bulls are still intact. BTC/USD Long-term Trend: Bullish (1D chart) Key Levels: Resistance levels: $5600, $6000 Support levels: $4800, $4400 Following the important 200-day moving average (yellow line); Bitcoin remained bullish on a long-term outlook. After recording monthly high at $5600, Bitcoin short opening has plunged price to the low of $5000; losing 4.5% in the last 24-hours. The $4800 may be the next target for BTC. BTCUSD, 1D Chart – April 26 The short position is revealed on the daily RSI as the trend aims at the 50 level. If this level is crossed down, the bear could gain control of the market. However, the RSI still trends in the positive area. Contrastingly, the daily Stochastic RSI is revealed upward, but now pointing low. A break below the yellow line could send price to the bearish territory. For now, the bullish move is still valid for BTC market. BTC/USD Medium -term Trend: Bullish (4H Chart) Bitcoin market had been appearing choppy for the past three weeks even though it trends high. But today, BTC volatility has decreased due to a bearish surge which is revealed on the current chart. Meanwhile, the bulls are still holding tightly with the defense of the 200-day moving average (yellow line). BTCUSD, 4H Chart – April 26 The sellers target $4800 support, which could be visited in the next few hours of trading. From there, a possible rejection may bounce up BTC to retest the $5600 resistance and above. If a rejection fails, a possible break could significantly slump price to $4600 and $4400 supports. The 4-hours RSI is currently bearish; following the trend. While the 4-hours Stochastic RSI lies at the lowest level, the buyers may be looking for a clear entry signal. however, it’s important to wait for the next possible move. Please note: is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results. The post Bitcoin Slump To $5k, $4800 May Be Next as Price Holds Above 200-Day MA appeared first on - Daily Cryptocurrency and FX News.

Iran Makes History with Country’s First Ever Bitcoin ATM Setup in Tehran

Cryptocurrencies are taking over the world. Do you doubt that? You only need to see how many countries are starting to slowly yet steadily accept cryptocurrencies that you will see. Now, Iran joins the list of companies that received new crypto products this week with its brand new Bitcoin ATM. The first machine of this […]
Bitcoin Exchange Guide

Trading Bitcoin - Bitfinex Drama Just Made $BTC drop $400, Now What? by @ToneVays Website: News: Audio Podcast: Please Support via Affiliate Codes: Trading View: TorGuard VPN 50% off code & link = tone50: See Regulation overview in each state here: Useful Bitcoin Sites: Full Node Set Up: Lightning Node Set Up: Mempool: Useful Charts: State Regulations: See Regulation overview in each state here: Tone Vays is available for Corporate Consulting at the rate of 0.3 btc per hour. Please email for additional info.
Tones Vays

Next Big Move For Bitcoin Price: Will The Infamous Golden Cross Fakeout Strike Again?

Bitcoin bulls and bears alike are watching the recent price action like a hawk ready to strike at the first sign of opportunity. Thus far, bulls have been winning the recent battles and appear to be regaining control. However, the bear market has been a long one with many surprises, twists, and downturns. History often repeats, which is cause for alarm for bulls as in the past the bullish “golden cross” that just occurred in Bitcoin price charts, ended up being a fakeout that was was quickly followed by a steep retracement that resulted in a bearish death cross. The historical price action is the focal point of much analysis throughout the crypto space, as investors and traders wonder where Bitcoin’s next big move may take the market next. Bitcoin Price Pattern Shows Cyclical Market Structure, Golden Cross Fakeout Could Repeat In a detailed, long-term Bitcoin price analysis posted by crypto analyst Wüsten, the chartist outlines a unique connection between the peak and troughs of the 2013 price peak and the 2014-2015 bear market bottom, to the current bull peak and following bear market. Related Reading | Tech Stocks, Gold, Oil, and S&P 500: Bitcoin ROI Beats Them All  The charts clearly depict that the first death cross in each bear market happened in the month of April, ramping the bearish momentum up further. After that, price action remains bearish for the following year through to April, when a fakeout golden cross occurs. Shortly after the price falls again, making another death cross, until the actual golden cross happens later in the year in the month of October. Bitcoin patterns and additional info. April, June and October connection.#cryptocurrency #crypto #bitcoin @davthewave — Wüsten (@KriegTonderoga) April 25, 2019 If today’s Bitcoin price action follows the same path and behavior as the 2014-2015 cycle, and it has followed it eerily closely thus far, Bitcoin could fall in the coming days to retest support, making a death cross yet again, before resuming bullish price momentum and causing another, real golden cross on price charts in October. Related Reading | Sell in May and Go Away? A Look At Historic Bitcoin Price Performance in May A golden cross in financial markets happens when a short-term moving average crosses over the long-term moving average. Such an occurrence is often considered a bullish signal that significant price growth is coming. If Bitcoin Drops, How Hard Does it Fall? If the altcoin market bleeding out is any indication of what might happen for Bitcoin, a steep fall may be in the cards. Crypto analysts are sharing conflicting views as to where Bitcoin might fall, yet most agree that a retracement is needed for healthy price action. If we are to see another dive into them lows, a logical top would be around these heights. Funny thing is we don't know, do we. Even with such striking similarities we are afraid of being left behind. I for one is having a hard time selling anything here. — Polar Hunt (@polar_hunt) April 24, 2019 Crypto analyst PolarHunt has superimposed the 2014-2015 bear market over the current Bitcoin price chart in hopes of determining Bitcoin’s next decline. The trader says that a “logical top” would be at current price levels, but acknowledges that it’s very difficult to sell after such bullish price action. A retracement to the 200 MDA, now support instead of resistance, would give a 50% correction of the recent move up in real terms. In nominal terms, in price, a 25% consolidation. Rational analysis minus the hype. — dave the wave (@davthewave) April 24, 2019 Another crypto analyst, Dave the Wave, known for his long-term charts and MACD analysis, believes that Bitcoin will retrace back to the 200 MDA, which will act as resistance turned support. The moving average is currently around the price level Bitcoin made its initial major rally from, when it cut through resistance at $4,200 and rocketed nearly $1000 in the matter of an hour. Next Big Move For Bitcoin Price: Will The Infamous Golden Cross Fakeout Strike Again? was last modified: April 25th, 2019 by Tony SpilotroThe post Next Big Move For Bitcoin Price: Will The Infamous Golden Cross Fakeout Strike Again? appeared first on NewsBTC.
More news sources

Bitcoin (BTC) news by Finrazor


Updates on Shift Card, Bank of Lithuania and ETF rules in Indonesia, police to tackle some crimes in Canada India and Turkey, IIT Bombay to join Ripple's UBRI, UAE waste permit portal on blockchain, Germany's interest and Spain's skepticism, Oracle for Czech

Read more

BitMEX forecasts new crisis, new indexes on Nasdaq, positive adoption news from South Korea, new rules from Localbitcoins, scam app on Google Play, new options for KuCoiners and Coinbase users, ideas as for the potential of credit markets, JP Morgan and the Moshe Hogeg case

Read more

Though SEC Commissioner is ‘Optimistic’ for BTC ETF Approval, We Never Know

Lost of crypto news feeds are inundated with opposite headlines: from ‘ETFs will be approved in no time’ to ‘ETFs will be approved soon.’ However, there are no official statements made by the participating regulatory agency. The latest report grabbing the ETF headline, via Twitter, is apropos a leaked document of an interview with the SEC Commissioner prognosticating a BTC ETF ‘might eventually be approved’; but, again, it's not an official statement

Read more

Zcash unveiled an already fixed vulnerability, US presidential candidate McAfee the debtor, QuadrigaCX seeking protection and justice, Kraken's new partnership, evidence of BTC decentralization improvements, rumors as for Bakkt, a bunch of news from Ripple and Telegram TON updates

Read more

Startups in Switzerland and Liechtenstein, natural integration of crypto into Switzerland's banking system, Jamaica's JSE and securities, more crypto exchanges news: South Korea and Cayman Islands as newsmakers, Malta's MFSA scam 'scanner', fund for blockchain integration in Uzbekistan, Kik against SEC trial

Read more


Hot news

Hot world news

Bitfinex goes insolvent around the time of the April bubble, coincidence? No.

This is Willybot all over again. CryptoTrading claims 850mil is "seized" by officials. Bitfinex/Tether co obtain a 900mil line of credit with a 6.5% interest rate. Markets see unprecedented buying action, with Bitfinex as the leading exchange, leading to the 20k USD bubble. You can't tell me that the timing of this is all coincidence. This is the exact same thing that happened with MtGox and it's market manipulation effort to pay back its losses. On March 29, after further discussions, the representatives disclosed in a letter to the AG that the credit line had been closed and “during November 2018, Tether transferred $625 million held in its account at Deltec to Bitfinex’s account at Deltec. Ergo, Tether is not currently backed by a reserve (unless they have access to another credit line we aren't aware of, seems unlikely though). In other words a portion of this market is currently propped up by money that does not exist. So people can stop saying that this news "shouldn't impact Bitcoin", because it clearly should and will.

XRP/USD and Stellar Lumens [XLM/USD] Price Analysis: Bear reigns as prices stagnate

The cryptocurrency market saw a roller-coaster ride over the past couple of months, and that was reflected in the prices and market caps of top cryptocurrencies. XRP, the third largest cryptocurrency, was stuck in the bear trap with no room for any bullish movement, while Stellar Lumens [XLM], which performed well at the start of the bull run, shared a similar fate to that of XRP. XRP 1 day Source: TradingView The one-day chart for XRP showed a downtrend that pulled the price from $0.517 to $0.371, while the long term support held at $0.291. The Bollinger bands moved parallelly due to the continuous sideways movement of the market. The Chaikin Money Flow indicator was below the zero line, as the capital leaving the market was much more than the capital coming into the market. The Awesome Oscillator recorded low amplitudes due to the lack of market momentum in the XRP ecosystem. XLM 1 day Source: TradingView XLM’s one day graph saw a drop in price from $0,278 to $0.138, while the long term support was at $0.074. The Parabolic SAR was above the price candles which signified that the cryptocurrency was going through a bearish atmosphere. The Relative Strength Index was closer to the oversold zone, a sign of the selling pressure being more than the buying pressure. The MACD indicator underwent a bearish crossover that caused the signal line and the MACD line to converge below. The MACD histogram was a mix of bearish and bullish signals. Conclusion The above-mentioned indicators clearly indicated that the cryptocurrency market was still in a bearish trudge and that there was no bull run in sight. This was evidenced by the significant drop in market momentum. The post XRP/USD and Stellar Lumens [XLM/USD] Price Analysis: Bear reigns as prices stagnate appeared first on AMBCrypto.

Bitfinex Allegedly Covers $850 Million Loss With Tether Funds

Bitfinex Allegedly Covers $850 Million Loss With Tether Funds The New York Attorney General’s office has alleged that crypto exchange Bitfinex lost $850 million and subsequently used funds from affiliated stablecoin operator Tether to secretly cover the shortfall, according to an announcement published on April 25. Attorney General Letitia James revealed that her office obtained […] Cet article Bitfinex Allegedly Covers $850 Million Loss With Tether Funds est apparu en premier sur Bitcoin Central.
Bitcoin Central
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.