Bitcoin Is Shaky But BTC Indispensable In Investment Portfolios

Bitcoin (BTC) is up 14.6 percent Cryptocurrencies have a role to play in investment portfolios Despite skepticism, Bitcoin and cryptocurrencies are increasingly becoming part of investment portfolios. That’s notwithstanding their wild price fluctuations. At the time of writing, BTC is up 14.6 percent week-to-date. Fundamentals There are diverse opinions as far as what Bitcoin is. Generally, there is a consensus that BTC is first a medium of exchange and a settlement layer. However, its price volatility is bogging its progress toward its quest of being a global settlement layer. High…

Bitcoin Price (BTC) Hits $13K: Dips Remain Attractive To The Bulls

There was an upside extension above the $12,800 and $13,000 resistances in bitcoin price against the US Dollar. The price even traded close the second bullish target of $13,200 (as discussed yesterday). There is a major bullish trend line forming with support near $12,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). Dips remain supported if there is a downside correction towards the $12,700 or $12,500 level. Bitcoin price climbed further higher and broke the key $13,000 resistance against the US Dollar. BTC is currently consolidating…

The Bitcoin and Gold Advantage, Will BTC Trounce Status Quo?

Bitcoin (BTC) uptick, adds 16.7 percent The entry of Lagarde as ECB chair is bullish for cryptocurrencies Gold and Bitcoin, according to leading analysts, are certified safe havens. The global economy may end up floundering. However, the entry of Christine Lagarde as the ECB chair is bullish news for cryptocurrencies like Bitcoin. Thus far, BTC is up 16.7 percent week to date. Bitcoin Price Analysis Fundamentals The battle for the next generation store of value is a fierce contest between gold and Bitcoin. While the former has a well tabulated…

Binance Cuts Time Needed for BTC, ETH Deposits and Withdrawals

Binance has just cut the time needed to make withdrawals and deposits in two top cryptocurrencies. The crypto exchange announced Tuesday that it’s adjusted its systems so that the number of block confirmations – in effect, how long before a transaction is considered confirmed as complete and can be executed – has been halved for bitcoin (BTC) deposits to 1 block confirmation. Withdrawals will take two confirmations. For ethereum (ETH) and related ERC-20 tokens, Binance said 12 block confirmations are now required for deposits and withdrawals – that’s down from the previously…

Bitcoin (BTC) Price Surges 12%: Bulls Aim $13K or $13.2K

There was a strong rise in bitcoin price above the $12,000 resistance level against the US Dollar. The price broke the last swing high and traded to a new weekly high above $12,700. Yesterday’s highlighted crucial contracting triangle was breached with resistance near $11,520 on the hourly chart of the BTC/USD pair (data feed from Kraken). The bulls are currently in control and it seems like they are eyeing $13,000 or even $13,200. Bitcoin price climbed higher sharply above $12,000 and $12,500 against the US Dollar. BTC is currently showing…

Bitcoin (BTC) Price Primed For More Gains Above $11,500

A decent support base is formed by bitcoin price above the $11,000 level against the US Dollar. The price is facing a few key resistances near the $11,500 and $11,600 levels. There is a major contracting triangle forming with resistance near $11,475 on the hourly chart of the BTC/USD pair (data feed from Kraken). It seems like the bulls are preparing for an upside break above the $11,500 resistance area. Bitcoin price is slowly gaining bullish momentum above $11,200 against the US Dollar. BTC could rise sharply once it settles…

Bitcoin (BTC) Price Trading Near Make-or-Break Levels

After a strong recovery, bitcoin price struggled to gain momentum above $12,000 against the US Dollar. The price topped near the $12,050 level and recently corrected gains below $11,500. There is a major bearish trend line forming with resistance near $11,700 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could either surpass $11,700 and $12,000 or decline further below the $10,800 support. Bitcoin price is facing a couple of strong resistances near $11,700 and $12,000 against the US Dollar. BTC must surpass the $12,000…

Bitcoin Is A Legitimate Store Of Value, BTC Falls 8.1%

Bitcoin (BTC) under pressure, down 8.1 percent Q1-2 2019 marked the end of the crypto winter There is growth and Bitcoin ecosystem is improving. Corporations are sinking millions toward blockchain infrastructure development. At the same time, fund managers can capitalize on BTC’s volatility to register extraordinary gains. At the time of press, BTC is shaky and may print lower. Bitcoin Price Analysis Fundamentals At a time when funds are reviewing their portfolio, Bitcoin and crypto investors are in for a big windfall. Surging, and more than tripling in the first…

Bitcoin (BTC) Price Showing Positive Signs: Bulls Sighting Bullish Break

After a downside correction, bitcoin price fond support near the $10,800 level against the US Dollar. There was a decent recovery in the past two sessions and the price traded above $11,300. There is a key bearish trend line forming with resistance near $11,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). Ethereum is still trading below $300 and ripple price is struggling to climb higher. Bitcoin price is showing positive signs above the $11,200 level against the US Dollar. BTC could surge higher once it…

USDT-Bitcoin Relationship Means BTC May Explode Over the Weekend

Bitcoin (BTC) consolidates, down 4.3 percent $100 million worth of USDT minted, bullish for BTC There is a correlation between the timing of USDT minting and BTC price expansion. Because of this, critics maintain that USDT is a tool for price manipulation. Meanwhile, with BTC shaky and $100 million more worth of USDT printed, prices stand to recover. Bitcoin Price Analysis Fundamentals The performance of BTC in the first half of the year is nothing but outstanding. Accompanying renewed interest (or fear) in future prices of cryptocurrency and Bitcoin is…