Bitcoin

The BTC/USD pair is currently seeing better days, having gained enough momentum to jump over the $9,550 resistance mark. It is highly likely to drift away from the head and shoulder pattern. It appears that the pair is in a prime position to rally over $10k. In the past week, discussions of a possible head and shoulders pattern formation were held following the pair's price movement under $9.5k. The price made a downside slide under the $9.3k mark, but the…

About a week ago, Bitcoin Blast was taken down by google from the google app store. The app involves a gaming service that rewards players with Bitcoin. However, the well-known puzzle game has finally been restored. Google scrapped the app from its store following accusations made on social media that they made deceptive offers. Nonetheless, Bling's CEO, Amy Wan, said Google was not clear on what grounds Google decided to remove the app. Wan is in strong support of the…

The BTC/USD price rose over $9.4k and $9.5k, reaching a fresh high in 2020, $9569. However, the price is currently revealing signs of a downside retracement. Yesterday, BTC/USD was over $9.2k support, extending its upward move over the $9.4k zone barrier. It proceeded to the upside over the barrier at $9.5k and reached a fresh yearly high at $9569. However, the buyers could not stay over $9.5k. A Look at the BTC/USD Hourly Chart The BTC/USD hourly chart reveals this…

Bitcoin just found a powerful buying interest of over $8.2k, resulting in a rise above $8.5k. Currently, the price is above $8.6k, and buyers expect a further upsurge to above $8.8k and $9k.  Yesterday, the $8.2k level played well, resulting in a fresh incline in the price over the barrier at $8.4k. The price formed a modest support base, near $8280, and at the moment, the price established above the 100 hourly SMA. Analyzing the BTC/USD Hourly Chart The BTC/USD…

Currently, the BTC/USD trade is standing above 8500, with all the buyers yesterday defending its price at 8.54k and not below 8.5k USD. However, yesterday saw some of the best BTC value changes, going to over 8.8k reaching 8840 USD, then later plunging.  Although BTC's price went to over 8.8k yesterday, it still met hurdles of BTC/USD rejection leading to the retracement of BTC to the downside.   The currency closed the day at beneath 8800 USD and the 100 hourly…

A January 20th report of the Australian Financial Review stated that the RAIZ startup is ready to offer bitcoin fund options. The startup Raiz has followed every legal procedure set by Australia's financial monitoring agency, otherwise dubbed Australia's Securities and Investment Commission. The Raiz network has over three hundred thousand registered users who maximize its micro-investment services, with over 445 AUD from funds for about 211 thousand customers. This millions worth fintech is probably the biggest in the country and…

The BTC/USD price settled below $8.7k; however, it secured powerful support above $8.5k. Currently, the price is inclining and may rally if it surges above the hurdle zone between $8840 and $8900. Yesterday, there was a retracement to the downside following the rejection of BTC/USD close to the $8.9k hurdle The price went below the support at $8.7k, but the buyers defended $8.54k and $8.5k. However, the sellers could not take the price below the double top pattern’s neckline support…

The BTC/USD pair price recently showed struggles surpassing the $8,900 hurdle, twice. Based on its analysis, the price may fall up to $8,300 and even $8,200. The day before presented a higher price hurdle at $8,500 based on its rally extension. Generally, the BTC price experienced a surge headed towards the $9,000 value; although, the trend illustrated a struggle moving past the $8,900 level.  BTC Price Movements Following two specific occasions, buyers attempted to move the BTC price over hurdles…

On the 14th of January 2020, the price of BTC/USD rose by over 5% and was able to break significant resistances close to $8250 and $8500. The price might keep upsurging towards $8780 and $8800 soon. On the previous day, there were rumors that the bitcoin price could incline above the hurdle at $8200. The price gathered sufficient momentum, leading to the rise over the major range hurdle close to $8200. Moreover, the buyers could move the price over the…