Bitcoin (BTC) Price Prediction – May 25, 2021 For the past week, Bitcoin is in a downward correction as price fluctuates between $32,000 and $42,500. Recently, the upward move has been restricted below $40,000. Nonetheless, the price movement has been stable above $35,000. The bottom line is that the priceContinue Reading
Green groups drop bitcoin donations as awareness of the leading cryptocurrency’s high energy consumption grows leads to them withdrawing bitcoin donation facilities. This follows recent reports that environmental campaign group Greenpeace USA has stopped accepting bitcoin donations over the cryptocurrency’s carbon footprint. Why Green Groups Drop Bitcoin Donations When givingContinue Reading
Bitcoin Price Prediction – May 24 The Bitcoin price is currently trading towards the 9-day moving average after the first digital asset took a dip from the resistance level of $59,592. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $44,000, $46,000, $48,000 Support Levels: $28,000, $26,000, $24,000 BTCUSDContinue Reading
Institutional investors who bought into bitcoin this year may sitting on substantial losses, albeit unrealised unless they sell. Bitcoin’s correction continues apace with weekend losses meaning it has nearly 50% of its value compared since the April all-time high of $63,500. But market participants – including institutions – can’t sayContinue Reading
China bitcoin miners activities in the country are being seriously disrupted after several crypto mining firms halted their operations in the country. This latest setback for bitcoin comes as the crypto market is being dealt blow after blow, causing major turmoil that’s not been seen since the beginning of thisContinue Reading
Bitcoin Price Continues to Downsize – May 24As it continues to downsize, the market operation of BTC/USD has continued downsizing most of the higher values obtained during successful bullish-run sessions. As of writing, the market’s lowering trade zone is now at around the level of $34,094 at an increase ofContinue Reading
Bitcoin Price Prediction – May 22 Currently, the daily chart reveals that Bitcoin (BTC) lacks strong resistance on the upside. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $45,000, $47,000, $49,000 Support Levels: $30,000, $28,000, $26,000 BTCUSD – Daily Chart BTC/USD is hovering at $38,076.65 facing the keyContinue Reading
Bitcoin (BTC) Price Prediction – January 21, 2021 On May 19, Bitcoin plunged to $29,563 and pulled back as Bitcoin approaches $30,000 . Bitcoin corrected upward but the upward correction was repelled at the $42,500 high. For the past three days, Bitcoin has been confined between $35,000 and $42,500. ResistanceContinue Reading
Bitcoin Fluctuates – May 22 BTC/USD Fluctuates around $40,000 after it managed to spring up from a lower support level of $30,000 recently. The crypto’s price now witnesses a decrease of -6.83% to trade around the level of $38,104. BTC/USD Fluctuates around market levelsKey Levels:Resistance levels: $45,000, $50,000, $55,000,Support levels:Continue Reading
Bitcoin (BTC) Price Prediction – January 22, 2021 Bitcoin is falling shows, which shows Bitcoin bulls made three unsuccessful attempts to break the $42,000 resistance. The price action formed a bearish triple top pattern. This causes Bitcoin to further depreciate on the downside. After the breakdown, the BTC price hasContinue Reading
Bitcoin Price Prediction – May 21 Today, BTC/USD faced a pullback as the price slide below $40,000 and tested support near the $35,000 level. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $48,000, $50,000, $52,000 Support Levels: $28,000, $26,000, $24,000 BTCUSD – Daily Chart BTC/USD has not beenContinue Reading
Popular US cryptocurrency exchange Coinbase is rumoured to be in talks to acquire asset management firm, Osprey Fund. Osprey currently runs two investment funds and is a competitor to digital asset management firm Grayscale Investments. Although neither Coinbase nor Osprey Fund has confirmed this deal, sources have said that theContinue Reading
Exchange-traded funds (ETFs)in Canada have faced major issues during the crypto market crash. This has raised alarm concerning the possible approval of Bitcoin ETFs in the US, waiting for approval from the Securities and Exchange Commission (SEC). Two Canadian Bitcoin ETFs have issued a warning to investors regarding a marketContinue Reading
Bitcoin Price Prediction – May 21 The Bitcoin price is making an attempt to trade above $41,000 and the coin needs to climb above the $45,000 resistance to continue higher. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $50,000, $55,000, $60,000 Support Levels: $32,000, $27,000, $22,000 BTCUSD –Continue Reading
The US Treasury and Inland Revenue Service (IRS) are cracking down on what they see as cryptocurrency-fuelled tax evasion. Lack of a regulatory framework for crypto is partly to blame for the loss of tax revenue from crypto gains. On that, the US crypto scene has been labeled “fragmented” byContinue Reading
