China’s National Development and Reform Commission has reevaluated its initial plan, proposed 6 months ago, to terminate Bitcoin mining in the cryptocurrency space in China. The NDRC, which is a well recognized economic structuring authority under China’s State Council, has released a fresh filing for Guiding Industry Restructuring, on the 6th of November. This fresh […]
For the past 24-hours, Bitcoin has been trading below $9500 despite struggling to break away from a tight area since late October. Currently, BTC is priced at $9400 after seeing a small price increase of +1.12% overnight. However, if the price can close well above the $9500 today, we can expect $10000 to come into […]
Yesterday, Bitcoin (BTC) shifted its trading price range to $9600 high and has continued to fluctuate to a lower price range of $9000 for a while now. The market appeared neutral on the 4-hour but has switched to a bullish trend on the hourly. Meanwhile, BTC is now sitting at $9278 support zone but may […]
Before we go into the details of the best indicators, we have to first understand what indicators are. Indicators are instruments used in technical analysis to assist traders in predicting price activities. Simply put, indicators use mathematical algorithms to provide traders with what the market will probably do next. Top Five Bitcoin Indicators 1. Ichimoku […]
FTX, a cryptocurrency derivatives exchange has bagged a $150 million lawsuit from Bitcoin Manipulation Abatement LLC. The lawsuit was based on the premise that FTX violated the rules guiding cryptocurrency, by manipulating markets and peddling unregistered securities in the US. The lawsuit was uploaded onto social media by End of the Chain host, Samuel McCulloch […]
Bitcoin’s trading has continued to struggle between tight ranges of $9000 – $9400 for some days now. The sideways move was due to the flash drop from $10350 in late October and most especially a sign of capitulation in the market. Bitcoin may remain in a range-bound if the above price zones hold tight. However, […]
Bitcoin has been finding it difficult to breach the $9400 resistance over the past days as the $9000 keep holding acting as solid support as well. These price zones mentioned above are important for Bitcoin’s major move in the coming days. Meanwhile, we can expect these zones to break as soon as volatility expansion […]
According to a report filed on the 31st of October, the Malta Financial Services Authority (MFSA) has alerted the public of a Bitcoin scam. This new scam bears the same qualities as another scam that has been spotted in the past. The MFSA has cautioned the public to avoid the body called ‘Bitcoin Future’ which […]
Against the US Dollar, Bitcoin’s price is flagging and struggling with $9000 from below and $9400 from above. Since BTC touched $10350 on October 26, the price has seen a substantial decrease, although Bitcoin now opens at $9100 on a fresh month. The next coming days should give us a clue on where the price […]
