#Btc

Bitcoin [BTC] shouldn’t have a problem hitting the $20,000 mark: Fundstrat’s Tom Lee

In a recent interview with CNBC, Fundstrat’s Tom Lee spoke about the prevailing scenarios in the current cryptocurrency market and touched upon the institutional as well as the public’s perspective on Bitcoin [BTC] price slump. Bitcoin has been undergoing a steady hold above the $6000 mark for some weeks now and investors across the board have called this point as Bitcoin’s strong support. Lee had earlier stated that Bitcoin’s hold at the $6000 mark is a great sign for invest

Prominent Investor: Bitcoin Trend Reversal is Imminent, Big Rebound Likely

#Bitcoin has lost more than 70% of its value in 2018. But it’s not too late for a rebound, says Fundstrat’s Tom Lee. The co-founder of Fundstrat said in an interview with Bloomberg that he sees various catalysts that could still drive the BTC price higher by the end of the year. Lee mentioned growth in a number of major investment banks that are building products in conjunction with Bitcoin and the launch of an ICE-backed crypto exchange as two main factors that could prove b

#Bitcoin Dominance Is Crashing -- Here's Why

Bitcoin dominance — bitcoin's share of the total cryptocurrency market capitalization — has been in freefall in the second half of this month after hitting year-to-date highs in mid-September. Bitcoin's contribution to the total cryptocurrency market capitalization has dropped to just above 50%, down from almost 60% earlier in the month (according to CoinMarketCap data), as other major cryptocurrencies experience a revival, boosted by big wins for ripple (XRP), bitcoin cash,

Bitcoin Price Analysis: BTC a Commodity, Not Property Subject to Capital Gains Tax

Bitcoin prices are sensitive to regulatory news and this week’s judgment that Bitcoin is a commodity did spur more confusion. Needless, prices are largely unaffected and are in fact stable adding two percent in the last week. Like last week, traders are expecting higher high meaning our last Bitcoin trade plan is still valid. As long as investor money is involved, regulation is inevitable. All eyes are on the US SEC. If they do give approve Bitcoin ETFs, then prices will undo

Is #Bitcoin Building a 2015-Style Price Bottom?

Bitcoin's price action this year may be dismal, but it might not be without precedent. Having hit a record high near $20,000 in December, the world's largest cryptocurrency began 2018 backed a wave of optimism. Since then, however, it hasn't translated this into gains for investors. Rather, the price appears to be following a pattern last seen ahead of a bullish reversal from September 2015. Why is that important for traders now? When the bull market ended last time around, w

#Bitcoin Stays Strong As Alt coins Crash

Bitcoin prices have been maintaining stability, even as many alternative protocol assets or "altcoins" suffer notable declines. As bitcoin trades within a reasonably tight range, altcoins like ether and bitcoin cash have been falling to multi-month lows. These sharp declines have pushed the value of the digital currency market to as little as $186.2 billion today on CoinMarketCap. At this point, the broader market has fallen to its lowest value since November 2017, additional

Bitcoin Experts Pin Price Hopes On Early November -- Here's Why

The bitcoin price has been bouncing around from $6,000 to over $8,000 in recent months, but that could soon change. Many investors are looking forward to the U.S. Security and Exchange Commission's (SEC) decision later this month on whether to grant approval for a bitcoin exchange-traded fund (ETF) — something the SEC has previously rejected due to fears around bitcoin's wild price swings and price manipulation. But others are looking beyond that, pointing to the New York Sto

Bitcoin Price Indicator Turns Bullish for First Time in 8 Months

The list of indicators signaling a long-term bullish reversal in bitcoin (BTC) continues to grow with each passing week. The latest to join the list is the MACD histogram, which has moved above zero – turned bullish – for the first time since January. The MACD, which oscillates above and below the zero line, is one of the most popular technical indicators used to determine a trend's reversal and momentum. A bearish-to-bullish trend change is confirmed when the histogram moves

#Bitcoin Reaches 1-Month High As #Crypto Markets Rally

Bitcoin prices have been rising lately, hitting their highest in roughly one month earlier today. The cryptocurrency reached this level as the broader digital currency markets enjoyed gains. The price of Bitcoin rose to $7,389.26 at 12:00 UTC (8:00 a.m. EST), according to the CoinDesk Bitcoin Price Index (BPI). At this point, the digital currency had risen 2.2% in the space of 24 hours and attained its highest price since roughly the same time on August 4, additional BPI figu

BITCOIN PRICE IS MORE RELIABLE IN 2018, SAYS SFOX EXEC

Although Bitcoin price and virtually all altcoins dropped during the course of 2018, an optimistic review coming from SFOX, a cryptocurrency prime dealer for large-scale investors, reveals that the market also became more stable this year, after Wall Street companies joined the game. Price fluctuations raise questions and fears, and when large amounts of money are involved, skepticism is probably the safest position. The value of Bitcoin $7271.17 -0.03% used to record oscilla

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