Bitcoin has been engulfed in explosive uptrends for a few weeks now. Bulls have helped Bitcoin rally from its recent low of $3,900 which is now at the doorstep of the five-digit region. This “V-shaped” recovery has been due to many technical factors. However, there are some key fundamental drivers also responsible for this remarkable […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Bitcoin has finally broken the $9,200 and $9,400 resistances as the market approaches the $10,000 resistance. Yesterday, price was hovering between $9,000 and $9,300 before penetrating the resistance zone. From the daily chart, Bitcoin has reclaimed the […]
Authorities in Iran issued a license to the mining company iMiner, to mine the country’s cryptocurrencies. The Ministry of Industry, Mine and Trade of Iran has granted iMiner the clear mandate to operate several as 6,000 mining rigs. The mining activity is the biggest in Iran, and it will be in the Semnan region of […]
Thanks to the transparency of blockchain technology, the overall sentiment of investors towards a crypto asset can be easily determined and monitored. By analyzing the actions of Bitcoin whales (large Bitcoin holders), one can deduce possible future bullish or bearish price movement. Santiment, a behavioral analytics company, claims that large Bitcoin whales are plotting to […]
The long-awaited Bitcoin halving is set to happen in the next 6 days and the whole industry is on edge to see how this event could impact the price of BTC in the short-term. There are several arguments on whether or not the event will influence the short-term price of Bitcoin. In the long-term, however, […]
The Federal Reserve Bank of America has announced that it is committing to printing more money in the coming weeks. The information was delivered last week by the Fed Chair, Jerome Powell, in a statement explaining the rut the Covid-19 pandemic has placed the United States’ economy. He added that the second quarter data will […]
Gavin Andresen has been an individual and legend within the Bitcoin (BTC) ecosystem after the Bitcoin products were founded in 2010. Andresen became proclaimed by Satoshi Nakamoto as Bitcoin’s Lead Developer, and in 2012 launched the Bitcoin Foundation. Publicly Traded Firms Undue Dominance The COVID-19 global epidemic had severely impacted small firms, triggering the worst […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish The bulls have made a second appearance above the $9,000 resistance. Presently, buyers are still struggling to take possessions of price above the resistance. An upward move is likely but there is resistance at $9,200. BTC will […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish On April 30, BTC reached a high of $9,500 but began to retrace after the coin was overbought. Price retraced to $8,500 and continued fluctuation between $8,500 and $9,500. On April 29, the bulls were attempting to […]
