MrBitcoin October 21, 2019

With most of the past two days spent below $8k bitcoin price has been looking extremely bearish. A big bounce in late trading on Sunday, however, sent BTC back above resistance to top out at $8,300. Altcoins are also having a green Monday as the bears are kept at bay for now. Bitcoin May Have […]

MrBitcoin October 15, 2019

A Twitter poll by bitcoin evangelist Pierre Rochard discussed whether the Lightning Network is a suitable tool for BTC transactions on crypto exchanges.  Poll Signals to Lightning Network Curiosity Should Bitcoin exchanges enable Lightning deposits and withdrawals? — Pierre Rochard (@pierre_rochard) October 14, 2019 Proponents of LN believe it would be a good fit for […]

MrBitcoin October 9, 2019

Bitcoin price formed a high near $8,348 and recently corrected lower against the US Dollar. The price is currently trading near the $8,120 level and it could test $8,050 or even $8,000. There is a short term contracting triangle forming with resistance near $8,160 on the hourly chart of the BTC/USD pair (data feed from […]

MrBitcoin October 4, 2019

Bitcoin price is currently declining after it failed to surpass the $8,400 resistance against the US Dollar. The price is trading near the $8,000 support level, with a minor bearish angle. There is a key declining channel forming with resistance near the $8,260 level on the hourly chart of the BTC/USD pair (data feed from […]

MrBitcoin September 23, 2019

The total crypto market cap is currently struggling below the $260.0B resistance area. Bitcoin price is declining and is trading just below the $10,000 support area. EOS price is correcting gains and it even broke the $3.850 support area. BCH price is declining and is approaching the main $300 support area. Tron (TRX) price is […]

MrBitcoin September 16, 2019

Bitcoin’s strong and stable performances in 2019 have been undeniable. As the cryptocurrency’s returns continue to outperform gains seen in traditional market stalwarts (i.e. gold, silver, and the S&P 500), many traders are making comparisons to its relative strength within the market. A recent tweet from crypto analyst @BitcoinEcon has raised some key questions for […]

MrBitcoin September 7, 2019

The hype surrounding the imminent launch of Bakkt’s physically settled Bitcoin futures platform may not be unwarranted, as it now appears that some of the biggest BTC whales in the market are transferring their massive holdings into Bakkt’s warehouse custody solutions. Assuming that the platform’s launch is met with great utilization, it is highly probable […]

MrBitcoin August 27, 2019

After hanging by a thread above $10,000 for most of the day yesterday, Bitcoin’s bulls stepped up and sent the cryptocurrency surging to highs of over $10,500. Although this rally did spark excitement amongst BTC investors, the move ultimately proved to be somewhat fleeting. Analysts are now noting that $10,900 is a key region of […]

MrBitcoin August 24, 2019

Bitcoin price is showing positive signs and settled above $10,000 against the US Dollar. The price is now trading near the key $10,400 resistance area, which is preventing gains. Yesterday’s highlighted important bearish trend line is acting as a solid resistance near $10,420 on the hourly chart of the BTC/USD pair (data feed from Kraken). […]

MrBitcoin August 15, 2019

After facing a significant amount of downwards pressure, Bitcoin (BTC) capitulated yesterday and fell to lows of roughly $9,500 before bouncing and reclaiming its position above the key $10,000 price level. Now, one prominent analyst who predicted the bull run that was witnessed throughout the first half of 2019 is now claiming that Bitcoin may […]