Bitcoin Price (BTC) Approaching Next Break, $10,250 Holds Key

Bitcoin price is currently consolidating above the $10,300 level against the US Dollar. The price seems to be struggling to break the $10,400 and $10,500 resistance levels. There is a breakout pattern forming with resistance near $10,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could either climb above…

Bitcoin (BTC) Price Weekly Forecast: Slow And Steady Increase Likely

There was a downside correction from the $10,954 swing high in bitcoin price against the US Dollar. The price is holding the $10,000 support and it could bounce back in the near term. There is a major bullish trend line forming with support near $10,140 on the 4-hours chart of the BTC/USD pair (data feed…

Bitcoin Maturing as CME Doubles BTC Futures Contract Limits

The markets surrounding Bitcoin may be incurring increasing maturity, as the Chicago Mercantile Exchange (CME) is now opening that gates for traders to begin holding a significantly higher number of open BTC contracts than is currently allowed. This change comes about as Bitcoin’s hash rate just set a fresh all-time-high and may be emblematic of…

Bitcoin Price (BTC) Showing Signs of Continued Weakness

Bitcoin price is moving lower and is trading well below the $10,250 resistance against the US Dollar. The price is likely to extend its decline below the $10,000 support level in the coming sessions. There is a major declining channel forming with resistance near $10,180 on the hourly chart of the BTC/USD pair (data feed…

VanEck’s Bitcoin Trust Flops With Only 4 BTC Under Management – CCN.com

VanEck’s recently launched BItcoin Trust is a total flop, based on initial investment interest. | Source: Shutterstock Following the divisive launch of a so-called “Limited ETF” from the fund manager VanEck, the crypto-focused offering has fallen short of impressive, citing just a single issuance of the instrument with a total of 4 BTC under management……

Can Bitcoin Bulls Fend Off a BTC Drop to $6,000? Yes, and Here’s Why

Sorry bulls, the Bitcoin price is slipping once again. Over the past day, the cryptocurrency has trended lower, falling to $10,050 as of the time of writing this. At 2.5% down on the day, BTC isn’t looking bearish per se. Yet, with volumes decreasing and Bitcoin being caught in a descending triangle chart pattern, which…

Bitcoin Price (BTC) Is Slowly Turning Sell On Rallies

Bitcoin price is jumped higher recently, but it struggled to continue above $10,500 against the US Dollar. The price is currently trading in a bearish zone and it could accelerate losses below $10,200 in the near term. There is a connecting bearish trend line forming with resistance near $10,450 on the hourly chart of the…

Looking Towards the Bitcoin Halving: Will BTC Price Pump in 2020?

The number of BTC awarded to miners for adding blocks to the Bitcoin blockchain is set to decrease next year. These so-called halving events occur about every four years and are part of the cryptocurrency’s distribution schedule. The next halving, expected in May of 2020, will be Bitcoin’s third. The previous two halvings resulted in…

Bitcoin Price (BTC) At Risk Of Downside Break Below $10,200

Bitcoin price is under pressure and it recently declined below the $10,500 support against the US Dollar. The price is struggling to climb higher and is approaching the $10,200 support area. There is a key bearish trend line forming with resistance near $10,400 on the hourly chart of the BTC/USD pair (data feed from Kraken)….