Technical

MrBitcoin August 8, 2019

Bitcoin price is trading nicely above the $11,650 and $11,500 supports sharply against the US Dollar. The price is likely to break the $12,000 resistance and continue higher in the coming sessions. There is a crucial contracting triangle forming with resistance near $12,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). […]

MrBitcoin July 29, 2019

The Lightning Network, as Bitcoin’s second layer for instant payments and greater transaction privacy, requires a matching degree of security robustness. However, due to the differences in its architecture from Bitcoin, the means to guarantee the honesty of participants can’t rely on the same Nakamoto Consensus design. The intricacies of payment channels and network synchronization […]

MrBitcoin July 25, 2019

Bitcoin price formed a strong support near the $9,500 level and recently recovered against the US Dollar. The price broke the key $9,800 and $10,000 resistance levels to move into a positive zone. This week’s highlighted major bearish trend line was breached with resistance near $9,900 on the hourly chart of the BTC/USD pair (data […]

MrBitcoin July 20, 2019

Bitcoin price rallied recently above the $10,000 and $10,200 resistance levels against the US Dollar. The price climbed towards the $10,800 resistance and recently started consolidating gains. There is a contracting triangle forming with resistance near $10,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could accelerate towards $11,000 […]

MrBitcoin July 9, 2019

Cardano (ADA) slides 4.8 percent Weiss Ratings endorsement is bullish For fronting quality and research, Weiss Ratings is confident of Cardano. On several occasions, the rating firm has expressed their optimism of ADA future and Cardano’s path towards becoming a leading dApp platform. Presently, ADA is down 4.8 percent. Cardano Price Analysis Fundamentals Behind Cardano […]

MrBitcoin July 6, 2019

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 […]

MrBitcoin July 5, 2019

While crypto fanatics have been buzzing with news about bitcoin price surges and Facebook’s introduction of its digital currency libra, the Bitcoin 2019 conference brought together some of the most significant people in the BTC community for a two-day event to discuss the current and future state of Bitcoin.  Among the conference speakers were Scott […]

MrBitcoin July 3, 2019

Tron (TRX) flat-lining, stable at 3.1 cents BitTorrent Speed launching on July 8. Tron’s dApp ecosystem is growing, reaching 500, which is a milestone. Meanwhile, the BitTorrent test net is live, and the launching of BitTorrent Speed is significant for Tron and BTT owners. Tron Price Analysis Fundamentals Boasting of superior throughput and scalability, Justin […]

MrBitcoin June 28, 2019

Ripple price failed to hold the key $0.4500 support and declined heavily against the US dollar. The price even broke the key $0.4220 support level and it is now trading below $0.4150. There is a short term contracting triangle forming with resistance near $0.4120 on the hourly chart of the XRP/USD pair (data source from […]

MrBitcoin June 22, 2019

Bitcoin (BTC) prints new 2019 highs Eventually, blockchain based platforms will replace legacy bank-based systems Overly, there is a changing view of what Bitcoin is. The entry of Facebook could open doors for Wall Street corporations. Because of this possibility, Steven Eliscu of DMG Blockchain now says blockchain systems will eventually “supplant legacy bank-based systems.” […]