Bitcoin Price Drop Puts a Dent in Short-Term Bullish Outlook

Bitcoin Price Drop Puts a Dent in Short-Term Bullish Outlook 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin Price Drop Puts a Dent in Short-Term Bullish Outlook View Bitcoin’s drop to six-day lows below $3,700 has taken the shine off the bullish “long-tailed doji” created on Feb. 27. A bearish reversal would be confirmed if prices see a UTC close below $3,658 (low of long-tailed doji) and could yield a sell-off to recent lows near $3,300. A bearish move below $3,658, however, may not happen or could be short-lived, as a number of technical indicators on the weekly chart are flashing early signs of bullish reversal. On…

Crypto Finance Startup Circle Seeking Further $250 Million in Funding: Report

Crypto Finance Startup Circle Seeking Further $250 Million in Funding: Report 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Crypto Finance Startup Circle Seeking Further $250 Million in Funding: Report Crypto finance startup Circle Internet Financial is reportedly looking to raise a further $250 million in funding. A report from The Information on Saturday, citing a source with knowledge of the matter, said that Circle is seeking to raise the funding via a combination of equity and debt financing. They added that the reason for the move is that the firm’s business has been affected by the prolonged cryptocurrency bear market. Circle has not confirmed the source’s claim, The Information said. The…

Bitcoin Price Weekly Analysis: Cautiously Bullish BTC, $3,900 Presents Resistance

Bitcoin Price Weekly Analysis: Cautiously Bullish BTC, $3,900 Presents Resistance 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin Price Weekly Analysis: Cautiously Bullish BTC, $3,900 Presents Resistance Bitcoin price corrected lower sharply after trading towards the $4,200 resistance against the US Dollar. The price declined below the $3,860 support area and tested the $3,620 support zone. There is a short term ascending channel or bear flag formed with resistance at $3,900 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could slowly move higher as long as it is above the $3,760 and $3,720 supports. Bitcoin price started consolidating losses below $3,860…

‘Biometric Blockchain ATMs’ Scan Your Face to Fight Dark Web Card Fraud

'Biometric Blockchain ATMs' Scan Your Face to Fight Dark Web Card Fraud 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

‘Biometric Blockchain ATMs’ Scan Your Face to Fight Dark Web Card Fraud’Biometric Blockchain ATMs’ Scan Your Face to Fight Dark Web Card Fraud Cutting-edge blockchain ATM prototypes are being rolled out in Saudi Arabia with a unique take on granting users access to funds. The ATMs use biometric scanners to scan the face of each account holder as part of a five-factor authentication process secured by a blockchain app being used by the largest ATM provider in the Middle East. Biometric Facial Recognition With Blockchain Face-scanning verification has the potential…

Binance Dangles $100K in Tokens to Get Users Testing Decentralized Exchange

Binance Dangles $100K in Tokens to Get Users Testing Decentralized Exchange 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Binance Dangles $100K in Tokens to Get Users Testing Decentralized Exchange Cryptocurrency exchange Binance is hoping to boost the number of people testing its upcoming decentralized exchange (DEX) platform by giving away $100,000 in tokens. Announcing the news on Twitter on Friday, Binance CEO Changpeng “CZ” Zhao said: “To test the hell out of @Binance_DEX, we are giving away roughly $100,000 USD equivalent, in REAL $BNB, as reward for our testnet trading competition.” The initiative, he said, would help the exchange launch the mainnet, or live version, of Binance DEX more quickly. According…

Bitcoin Price Analysis: Keep an Eye Out for a Close Above the Current High

Bitcoin Price Analysis: Keep an Eye Out for a Close Above the Current High 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin Price Analysis: Keep an Eye Out for a Close Above the Current High Shortly after falling from its test of the low $4,000s, bitcoin managed to find support in the mid $3,500s. This has proven to be a relevant level over the last few months, and finding support here would be a sign of relatively strong demand: Figure 1: BTC-USD, Daily Candles, Local Support The high candle spread rejection following our test of the low $4,000s was an indication that we had strong levels of supply left in the…

Bitcoin Lights First Green Monthly Candle in 8 Months: Has Accumulation Begun?

Bitcoin Lights First Green Monthly Candle in 8 Months: Has Accumulation Begun? 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin Lights First Green Monthly Candle in 8 Months: Has Accumulation Begun? For the first time in eight months since July 2017, Bitcoin has recorded a green monthly candle on its 1-month price chart. In technical analysis, a green monthly candle materializes when the price of an asset, in this case, Bitcoin, ends the month higher than its price at the beginning of the month. 1-Month Price Chart of Bitcoin. | Source: TradingView On February 1, Bitcoin opened its monthly candle at $3,413. On February 28, the dominant cryptocurrency closed…

$67,193: Veteran Trader Explains His Oddly-Specific Bitcoin Price Target

$67,193: Veteran Trader Explains His Oddly-Specific Bitcoin Price Target 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

$67,193: Veteran Trader Explains His Oddly-Specific Bitcoin Price Target Veteran trader Peter Brandt has an oddly specific bitcoin price target – $67,193. Brandt, who boats of 40-plus years’ experience in commodity trading, arrived at this figure by taking the combined value of the 33,000 tonnes of central bank-owned gold and dividing it by bitcoin‘s fully-diluted currency supply of ~21 million coins. $67,193 This is what one $BTC will be worth if the the composite value of Bitcoin (at 21 MM mined) equals the value of the 33k tonnes of Gold…

Constantinople Will Improve Ethereum But Will ETH Dump?

Constantinople Will Improve Ethereum But Will ETH Dump? 11  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Constantinople Will Improve Ethereum But Will ETH Dump? Ethereum prices bearish, strong liquidation at $170 Constantinople in progress Transaction volumes increase in last weeks but will accumulation trigger bulls After previous attempts flopped, we expect the ongoing Constantinople upgrade to be a success. Whether that will rouse price action, we don’t know, but for bulls to be firmly in control, prices must rally above $170 or Dec 2018 highs. Ethereum Price Analysis Fundamentals As you read this, Constantinople software upgrade may be in progress and the second stage of the…

Ethereum Price Analysis: ETH Recovery Facing Significant Resistance

Ethereum Price Analysis: ETH Recovery Facing Significant Resistance 12  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Ethereum Price Analysis: ETH Recovery Facing Significant Resistance ETH price traded lower and broke the recent swing low to form near low near $126 against the US Dollar. The price bounced back sharply above the $130 resistance after trading to a new weekly low. There is a significant bearish trend line in place with resistance at $137 on the hourly chart of ETH/USD (data feed via Kraken). The pair is still facing many strong hurdles near the $137, $138 and $141 resistance levels. Ethereum price declined further and later recovered…