Opinion

The Bitcoin performance was recently bullish for some period. However, each time the cryptocurrency surges to the upside, it experiences a robust rejection and leads to a total correction of its gains. Some hours ago, the situation happened as its price peaked around $7.5k, but could not continue to the upside. It got rejected and may have initiated a notable fall. As per the analysts, Bitcoin can decline towards 7k before securing adequate support to stop its correction. At press…

The launch of Initial Exchange Offerings, IEOs, occurred in 2019. Nevertheless, incriminating new statistics show that IEO investors lost a maximum of 98% of their money. On the 23rd of December, the latest report on twelve leading IEOs by BitMEX Research got launched in 2019. Eleven of these IEOs are currently worthless compared to the price at which they first traded on exchanges. BitMEX Research maintained that their performance since the time they launched is always low. Nearly all the…

Bitcoin Likely to Surge up to $ 8000 The price of BTC/USD is signaling a bullish continuation of over $7500. Therefore, there is a likelihood of the price to keep surging, and the buyers seem to focus on $8000. After the consultation under the hurdle at $ 7200, the bitcoin price surged over some major resistances close to $7300 and $7400 to begin a decisive move to the upside. Further, the price closed over the hurdle at $7500 and the…

The price of Ethereum experienced certain remarkable upward momentum today. It follows a long time of trading on the sideways, caused by the decline in its price to lows of $120 in the previous week. This time, the price is consolidating, and it seems to be leading to a move on the upside. In turn, the trend may support the idea that the lows of ETH in recent times will highlight a long-term bottom. Suppose the further momentum keeps holding…

Recently, Bitcoin and the entire crypto markets experienced some turbulent moments. Nevertheless, following the moments, BTC remained within a firm trading range, thereby engaging in consolidation in the previous several days. Analysts say that at the boundary of this trading range, BTC’s price can provide remarkable insight into the direction of this crypto and the entire crypto markets for the first part of the year. At press time, BTC’s price got on the upside by more than 4% at $7440,…

BitcoinBCH, a firm that focuses on BCH, may have recently misled people, making them believe that it is easy to carry out BTC double-spending.  On the 18th of December 2019, the CEO of this firm released a video on youtube. It purportedly showed how the BTC point of sale (PoS) wallet of TravelByBit misinforms merchants to believe that they receive payment before concluding a transaction. TravelByBit on Supporting Double-Spends A representative of TravelByBit said that there is insurance for merchants…

The price of ETH/USD  is maintaining some crucial support levels. There is a likelihood of a price recovery of over $122. In the previous week, the price of Ethereum began a modest recovery wave from the swing low at $120 and $125. A look at the 4-hour chart of Ethereum against the USD reveals that it established a close over at $125 and 100 SMA. Therefore, this paves the way for further gains over $130. However, the price eventually attained…

In May 2020, there will be one of the critical events in the crypto space, known as Bitcoin halving, which involves reducing the number of coins for every block issued to miners by 50%.  The coins will get relieved from 12.5 to 6.25, thereby cutting the inflation rate of Bitcoin by half. If the event continues to hold in years to come, it will make sure that there are just 21 million Bitcoins in existence. Therefore, this will help achieve…

The performance of BTC/USD currently is within a positive zone of over $7000. The pair’s price has good support on dips as long as it does not close under $6830. In the third week of December 2019, Bitcoin began a strong recovery wave in the support zone between $6400 and $6500. A look at the 4-hour chart of Bitcoin against the USD reveals that Bitcoin’s price broke some resistances close to the $ 7000 level and 100 SMA.  Additionally, there…