BTC

Bitcoin performance was slow this year because, even though its price surged by about two times since the beginning of the year, it could end up declining by 50% from its all-year high. Nonetheless, according to Google Trends this year, Bitcoin overtook Donald Trump, Visa, Paypal, and Libra. Eric Wall, a crypto researcher, addressed the issue by saying that the popularity of the keyword Bitcoin on Google Trends attained its one-year high between the 23rd and 29th of June. The…

Recently, researchers at the University of St. Andrew’s, King Abdullah University of Science and Technology in Saudi Arabia, and the Center for Unconventional Processes of Sciences in California introduced a prototype silicon chip. These developers claim the chips provide unbreakable encryption. Nature Communications published an article concerning this new system and pointed out that it utilizes chaotic wavepackets in conventional silicon-based semiconductors. Cryptocurrencies depend on traditional encryption standards, which may soon become outdated due to innovations in quantum computing. There…

In June 2019, the BTC price surged to over $ 10 000, and a large number of traders even expected further increase. Nonetheless, Dave the Wave, an analyst, called for the return of rationality to the crypto market, based on claims that the uptrend of $10 000 represented overextension of Bitcoin’s long-term growth curve. The analyst maintained that the BTC price is positioned to revisit $6.7K. The analyst forecast proved correct as the BTC price declined from $8K to $6.7K.…

XRP/BTC is reaching the later stages of a wedge formation but has recently hit strong resistance. This resistance has come in the form of the 50, 100, and 200 DMAs and the descending wedge's upper boundary. XRP/BTC Daily 1 Price is currently falling like a knife, smashing through any effort to support price at the 2740 satoshi mark. This is the unfortunate conclusion of a small bull run after price broke through the local range top at 2740 sats on…

Recently, a report by Clovr indicated that a small group of crypto whales hold the majority of the top cryptos. The report also pointed out that Whales are also in charge of exchange wallets and loads of tokens. Top assets with a remarkable wealth distribution program have over 70% of their supply with top wallets. All of these tokens have a relatively small market capitalization of $ 100 million or less. Every asset possesses different risks of top-heaviness, and a…

BTC/USD Daily 1 Despite BTC/USD’s drop below $6.5K earlier this week, price continues to oscillate within a bullish market structure, defined by the descending channel. Having found support on the channel's lower bounds at $6.4K, a relief bounce of 15% to $7.4K followed. At the moment, BTC/USD sits above a key pivot zone, which served as a support level in the bear market. This range lies between $6.1 and $6.8K and should act as a strong demand area, especially considering…

On the 12th of December 2019, Bitcoin’s price rose to over 10%. However, it is signaling a powerful reversal, but BTC needs to keep surging to over $ 7500 for the beginning of a giant rally. Bitcoin price moved from $ 6600 to $ 6500 and recorded a decline of $ 100. There was the formation of a fresh low in the month close to $ 6435, prior to a powerful reversal. The BTC price eventually moved close to $…

On the 19th of December, Bitcoin recorded a 14% surge. At the beginning of the third week of December, the bitcoin price dropped by 8.5% from $7100. It then declined to $6500, and as analysts looked forward to further decline, BTC eventually surged a whopping 14% to attain $7450. The 14% surge is the largest since the rise of Bitcoin, influenced by China in late October 2019. Bullish sentiments do not characterize Bitcoin markets; analysts suggest a short-term decline of…

Bitcoin price is predicting selling continuation under $ 6800. This mainstream cryptocurrency may be focusing on getting support at the value of $ 6500 or $ 6200. When Bitcoin support was at $ 7000, the sellers gained some momentum. Therefore, the BTC price declined to below the support at $ 7000 and created a level under the 100 hourly SMA. The price decreased by almost 4 % and was able to break the support zone at $ 6880. Hence, the…