Bitcoin Price Analysis – $8.5K Now in Sight to End Bear Market

Bitcoin price broke out of a bottom consolidation overnight, jumping 11%, reclaiming the $8k handle ahead of the weekly close.  We take a look at the price action as we head towards the weekly close. Bitcoin Price: 4-Hour Chart The 4-hour chart shows that bitcoin price 00 broke from $7,247 to $7,980 in one hourly candle, smashing through and past the $7,878 level from which the 20% decline occurred at Bitstamp. This is particularly encouraging, on the basis that one may have expected to find short interest at this level.…

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Impressive! Resilient Bitcoin Price Moves Higher as Crypto Stars Align

By CCN: The bitcoin price stumbled toward the end of the week but it looks like the bulls have gotten it together. BTC is now moving higher by nearly 7% to approximately $7,800 at last check on CoinMarketCap. The price had fallen as low as approximately $7,000 on Friday, and some traders have been calling for the bottom to fall out. It seems as though that won’t happen, at least not today. Even though the sudden reversal came suddenly and seemingly disrupted some weekend plans, nobody on Crypto Twitter was…

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Bitcoin FOMO is Strong But The Bears Will Not Go Quietly

As Bitcoin breaks significant resistance at $6,000 and $8,000, all within the space of a week, interest is reaching fever point. But despite the strong performance, which some say is buoyed by economic uncertainty over the US-China trade war, there are those among us who remain skeptical. Bitcoin FOMO An impressive week for cryptocurrencies saw Bitcoin break the $8,000 mark on Tuesday. Up 120% since the start of the year, this momentum is continuing to lead the rest of the market into a bull run. Unsurprisingly, mainstream news outlets and…

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Is This Group of Banks About to Snub Ripple?

By CCN: According to Reuters sources, about 12 banks are investing in a blockchain ledger complete with digital cash. While it’s unclear which banks are currently participating in the $50 million project, a spokesman for Barclays told the news organization that “the Research & Development phase is coming to an end.” R&D Phase Ending The rarely discussed project began in 2015 with little fanfare. It supposedly involves several major banks who aim to use blockchain technology to reduce the cost of settlement and potentially offer new products. Reuters describes a…

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