Bitcoin (BTC) Price Weekly Forecast: Decline Far From Over

There was a strong drop in bitcoin price below the $10,500 support against the US Dollar. The price is currently correcting losses, but it remains below key hurdles near $10,500. There is a bearish continuation pattern forming with support near $10,080 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is likely to resume its decline below the $10,000 and $9,800 support levels. Bitcoin price is trading in a downtrend below $10,500 and $10,800 against the US Dollar. BTC price remains at a risk of…

Crypto Markets Descending, With Bitcoin Price Sinking Below $10,200

Saturday, Aug. 17 —  Most major cryptocurrency markets have seen a slight drop today, with Bitcoin (BTC) falling below the $10,200 price point, according to data from Coin360. Market visualization. Source: Coin360 BTC is trading at around $10,197 at press time, down roughly 3% on the 24-hour period to press time. Today, BTC saw a drop to as low as $9,765 before trading sideways around its current level. Bitcoin is now down almost 14% on the week, while on its monthly chart the coin is up by 6.73%. Bitcoin 7-day…

Chainzilla and Pundi X to Enable Retail Bitcoin Payments in Panama

Cryptocurrency startup Pundi X announced that its point-of-sale payment gateway (XPOS) will soon be launched in Panama and its surrounding regions. Blockchain development company Chainzilla joined the initiative as a local distributor. Combining cryptocurrency and traditional payments in one terminal On Aug. 14, Cointelegraph in Spanish spoke with Chainzilla CEO, Charles Gonzales, to find out more details. According to Gonzales:  “Recently, Pundi X integrated its module into the Verifone X990. This is an important development because this payment processor is compatible with both cryptocurrency and traditional payments. […] That means…

Bitcoin (BTC) Price Hesitates But Further Recovery Seem Likely

Bitcoin price tested the $9,800 support and bounced back against the US Dollar. The price is currently struggling to gain momentum above $10,400 and $10,500. There is a key contracting triangle forming with resistance near $10,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to slowly rise as long as it is trading above the $9,800 support area. Bitcoin price is showing positive signs above the $9,800 support against the US Dollar. BTC price might gain bullish momentum once it settles above…

Bitcoin SV Devs to Offer ‘Office Hours’ for Project Assistance, Consulting

Bitcoin SV blockchain developer and blockchain organization service Open Directory creator synfonaut has launched a consulting service called Office Hours. This service connects developers in need of assistance with experienced Bitcoin SV developers for help on Bitcoin SV projects.  Synfonaut announced the service’s launch in a Twitter post on Aug. 15. As per the platform’s  website, users can reach out to over a dozen professional developers for help on a product or service. This apparently provides a way to chat with a knowledgeable dev, in sessions that typically take an…

Turkish Bitcoin Adoption Ramps Up amid Flagging Economic Recovery

Turkey interest in bitcoin remains robust as the economy struggles to recover from the collapse of the lira from 2018. | Source: Shutterstock By CCN Markets: Turkey likes bitcoin more than any of the other 14 nations polled in a recent survey by Dutch banking group ING. Sixty-two percent of Turks were crypto positive, while 36% said they would be happy to be paid in bitcoin. Meanwhile, Austrians were the most skeptical, with only 13% being pro-crypto. Screenshot of ing.at poll These sentiments make perfect sense given Turkey’s recent economic…

Bitcoin Price Surges 10% in 48 Hours as Bakkt Countdown Begins

The bitcoin price spiked after regulated futures platform Bakkt announced it had received approval to launch in September. | Source: Shutterstock By CCN Markets: Bakkt, a bitcoin futures trading platform operated by ICE, the parent company of the New York Stock Exchange (NYSE), finally received approval from the Commodities and Futures Trading Commission (CFTC) to initiate its long-awaited launch. “Our contracts have already received the green light from the CFTC through the self-certification process and user acceptance testing has begun. With approval by the New York State Department of Financial…

Bitcoin Defends Price Support, But Bear Case Still Intact

View Bitcoin’s repeated defense of the 100-day moving average signals seller exhaustion, but a break above $10,445 – the high of Thursday’s hammer candle – is needed to confirm a bull revival. A high-volume move above $10,445 would open the doors to re-test of $11,120. BTC may have a tough time scaling $10,445, as the daily chart indicators are biased bearish. The risk of a drop to $9,049 (July 17 low) remains as long as prices are held below that level. Bitcoin (BTC) has bounced from key price support, but…

Bitcoin (BTC) Price Recovery Could Fade, Fresh Decrease Likely

Bitcoin price started an upside correction after trading as low as $9,483 against the US Dollar. The price is facing a strong resistance near the $10,350 and $10,400 levels. There is a major bearish trend line forming with resistance near $10,290 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to resume its decline as long as it is trading below the $10,500 resistance. Bitcoin price is facing many hurdles on the upside near $10,400 against the US Dollar. BTC price is likely…

Bitcoin And Crypto Market Rebound Facing Hurdles: BCH, XLM, EOS, TRX Analysis

The total crypto market cap declined to $242.0B and is currently correcting higher. Bitcoin price is currently correcting higher and is trading above the $10,200 level. BCH price stayed above the $300 support and it is currently near the $310 level. EOS price is currently consolidating above the key $3.500 support area. Stellar (XLM) price is slowly recovering higher towards the $0.0700 and $0.0720 resistance levels. Tron (TRX) price is trading in a strong downtrend below $0.0200 and $0.0180. Bitcoin (BTC) and the crypto market cap are recovering towards key…