Another Bitcoin Indicator Signals Price Bottom May Be Forming

Another Bitcoin Indicator Signals Price Bottom May Be Forming 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Another Bitcoin Indicator Signals Price Bottom May Be Forming A technical indicator that incorporates both bitcoin’s price and trading volume is signaling the cryptocurrency may have bottomed in December. The money flow index (MFI), also known as the volume-weighted relative strength index, is used to identify buying and selling pressure and oscillates between zero to 100. A rising MFI indicates an increase in buying pressure, while a falling MFI is considered a sign of increasing selling pressures. Essentially, the MFI validates or confirms price trends. Many times, however, the indicator diverges from…

Bitcoin Price Spiked 11% in February But Could Tank & Hit New Lows

Bitcoin Price Spiked 11% in February But Could Tank & Hit New Lows 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin Price Spiked 11% in February But Could Tank & Hit New Lows The bitcoin price posted its first monthly gain in February after a dismal seven-month drought. However, technical analysis suggests the original cryptocurrency could crater to new lows because a downtrend appears to be forming. Bitcoin Price Spiked 11% In February Mati Greenspan is a senior market analyst at Tel Aviv-based crypto trading platform eToro. He told Bloomberg that February’s 11% spike in the bitcoin price is encouraging, but it isn’t out of the woods yet. Greenspan noted…

Bitcoin Haters Keep Calling Crypto Dead – It

Bitcoin Haters Keep Calling Crypto Dead - It 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin Haters Keep Calling Crypto Dead – It Since 2011, mainstream media outlets, bank executives, economists, and other skeptics have gleefully proclaimed Bitcoin’s demise after every major correction from its all-time high. Bitcoin Will Keep Defying its Critics In the past ten years, Bitcoin has experienced five 85 percent corrections including the recent 14-month bear market. However, the dominant cryptocurrency has managed to survive each correction, achieving a new all-time high after every major drop and defying the critics. 2013 – “Game Over, Bitcoin” – @businessinsider | $110.68 “The bubble…

Op Ed: Defining Decentralization: How Ambiguity Continues to Divide Crypto

Op Ed: Defining Decentralization: How Ambiguity Continues to Divide Crypto 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Op Ed: Defining Decentralization: How Ambiguity Continues to Divide Crypto There are many keywords in blockchain, but few spark as much emotion as “decentralization.” For many of us, it was the dream of decentralization that inspired us to embark into the industry in the first place — the driving force encouraging us to explore the many industries and practice areas that could be positively impacted by this technology. To say that decentralization is an important element of cryptocurrency’s potential would be a gross understatement. However, I do believe that the…

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 5  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 Awaits Decisive Price Move as Trading Range Tightens

Bitcoin Awaits Decisive Price Move as Trading Range Tightens 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin Awaits Decisive Price Move as Trading Range Tightens View Bitcoin’s retreat from highs near $3,900 seen yesterday has poured cold water over the bull mood generated by Wednesday’s quick recovery from lows near $3,650. Therefore, the immediate outlook is neutral. A UTC close above $3,897 (previous day’s high) would validate Wednesday’s long-tailed candle and open the doors to re-test of the last week’s high of $4,190. This looks likely as early signs of bullish reversal have emerged on longer duration charts. A break below $3,658 (Wednesday’s low) would strengthen…

Facebook Coin Rumors Continue to Circulate

Facebook Coin Rumors Continue to Circulate 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Facebook Coin Rumors Continue to Circulate There have been Facebook coin rumors for months in the crypto community and today, the New York Times stirred them up again. According to the New York Times report, Facebook is currently working on its own digital currency to integrate into its messaging services. Facebook Coin Rumors A few months ago, Bloomberg released an article about Facebook developing its own stablecoin to be used on its WhatsApp messaging app. This was the start of the rumor mill, although many have discussed in the past the…

A Crypto Project That Raised $20 Million Is Caught Faking Its Founding Team

A Crypto Project That Raised $20 Million Is Caught Faking Its Founding Team 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

A Crypto Project That Raised $20 Million Is Caught Faking Its Founding Team A cryptocurrency project that appears to have raised at least $20 million through a referral-based marketing scheme has been advertising false information about its team members, a CoinDesk investigation has found. Launched on Dec. 2, BHB claims to offer an ethereum-based solution for peer-to-peer lending, but by Jan. 18, local media reports were already accusing the project of operating an illegal pyramid scheme. Now, CoinDesk is able to reveal inconsistencies in the information provided about its founding team…

Bitcoin Price Watch: BTC Remains Sell Until It Breaks 100 SMA

Bitcoin Price Watch: BTC Remains Sell Until It Breaks 100 SMA 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin Price Watch: BTC Remains Sell Until It Breaks 100 SMA Bitcoin price is slowly recovering and it is currently trading above the $3,750 support against the US Dollar. There was a break above a short term contracting triangle with resistance at $3,795 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to struggle near the $3,860 resistance and the 100 hourly simple moving average. Buyers could gain traction only if there is a close above $3,900 and the 100 hourly SMA in…

Nasdaq Begins Listing Brave New Coin’s Bitcoin and Ethereum Price Indices

Nasdaq Begins Listing Brave New Coin’s Bitcoin and Ethereum Price Indices 11  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Nasdaq Begins Listing Brave New Coin’s Bitcoin and Ethereum Price Indices Nasdaq had begun live listings of two cryptocurrency price indices from United States blockchain and crypto market data company Brave New Coin (BNC), the latter confirmed in a post on Feb. 26. Originally announced earlier this month, the integration of BNC’s Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX) will open up new data for clients using Nasdaq’s Global Index Data Service (GIDS). The move comes ahead of BNC’s plans to launch a separate index tracking the price…