Bitcoin Price ‘Likely’ Bottomed in $3.7K BitMEX Crash, Says Tone Vays

Bitcoin (BTC) likely reached its low when it hit $3,700 earlier this month, veteran trader Tone Vays has forecast as markets remain up 70%. In the latest episode of his Trading Bitcoin YouTube series on March 29, Vays repeated his previous claim that, logically, BTC/USD should bottom at 20% of its 2019 highs — $2,800. Vays on $2.8K: “I don’t think it’s likely anymore” This could occur before May’s block reward halving and not endanger Bitcoin’s long-term perspective, he said, but a dive after that event could have grave consequences.…

Bitcoin Price Reclaims $6K as Traders Eye New BTC Futures Gap Above

Bitcoin (BTC) swiftly retook $6,000 after losing support on March 30, as analysts eyed a potential for the price to fill a new gap in futures markets. Cryptocurrency market daily overview. Source: Coin360 BTC price gains 3% after a brief dive Data from Coin360 and Cointelegraph Markets showed BTC/USD trading at around $6,300 at press time — a rise of 2.8% on the day.  The past 24 hours had seen the pair dip to lows of $5,870 after signaling weakness throughout the weekend. Those were short-lived, however, with Bitcoin regaining…

Bitcoin Recovering After a Sharp Decline: Here’s Why Bulls Could Fail

Bitcoin declined sharply below the $6,200 support against the US Dollar. BTC price found support near $5,850 and it is currently recovering towards a couple of key hurdles. Bitcoin is correcting higher from the $5,846 swing low against the US Dollar. The price is showing positive signs above the $6,000 level, but there are many hurdles on the upside. There was a break above a key declining channel with resistance near $6,080 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to face…

Bitcoin Rallied 80% Without Any Gov’t Bailout: Time to Get Bullish?

The Bitcoin (BTC) price remained relatively sideways last week and not once did it test resistance or support of the descending channel identified in last week’s analysis.  As such, today I’m looking at a new bullish case for Bitcoin that could see the leading digital asset see incredible growth if $7,200 resistance is broken as far as the technicals are concerned.  However, last week proved a massive fundamental turning point for Bitcoin that very few are talking about. Daily crypto market performance. Source: Coin360.com Bitcoin’s old path BTC USD daily…

Here’s Why 100 SMA Could Spark Fresh Bitcoin Rally In Near Term

Bitcoin failed to surpass the $7,000 resistance and declined below $6,500 against the US Dollar. BTC is likely to bounce back as long as it is above $6,000 and the 100 SMA (H4). Bitcoin price is currently correcting gains from the $7,000 resistance area. The $6,000 region and the 100 simple moving average (4-hours) are important supports. There was a break below a major bullish trend line with support at $6,620 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is currently consolidating losses above…

Network of Fake Bitcoin QR Code Generators Stole $45,000 in March

A network of malicious QR code generators has stolen more than $40,000 from Bitcoin (BTC) users in one month. At least nine fake Bitcoin-to-QR code generators have been spotted in recent weeks, with security researcher, Harry Denley, first tweeting that he had identified two domains hosting fake QR code applications on March 22. Denley later identified seven other domains sharing the same interface — suggesting that they are all created by the same developer. Fake Bitcoin QR code generators steal over 7 BTC The malicious programs promise to convert a…

These 3 Factors Show Bitcoin Has Further to Fall After Hitting $6,000

Over the past 24 hours, Bitcoin hasn’t performed too well. After maintaining the $6,700 support for a number of days, the cryptocurrency tanked on Friday evening in a move that shocked investors, falling as low as $6,050 by the next morning, marking a decline of 10% from the then-daily highs. Related Reading: King of the Hill: Top Crypto Investor Explains Why Altcoins Are Highly Risky Although the selling pressure has since abated, with BTC holding $6,200 over the past few hours, some fear the crypto market will continue to trend…

Despite 10% Crash, Bitcoin Price Still Has This Key Silver Lining

Bitcoin hasn’t performed all too well over the past 24 hours. After holding $6,700 for days on end, the cryptocurrency suddenly tanked on Friday evening, falling as low as $6,050 by the next morning, marking a decline of 10% from the daily highs. The cryptocurrency has yet to recover, remaining under $6,200 as of the time of this article’s writing. Despite this, BTC’s chart printed a bullish silver lining, one that may support it moving forward. Bitcoin Holds Crucial Moving Average, Boding Well For Bulls If you’ve been on Crypto…

Bitcoin Price Rejects $6.9K, But Is a Correction Now Imminent?

The price of Bitcoin (BTC) has shown a strong surge in the past weeks, as the price rallied from $3,750 to $6,900. However, the crucial $6,900 level wasn’t broken to the upside and confirmed as resistance. A similar move occurred on the equity markets, as the United States’ equity markets surged 25% in one week, but saw a sharp selloff of 4% in the last trading hour, going into the weekend.  These movements lead to the general question: is there more blood to come for Bitcoin and crypto?  Crypto market…

Bitcoin Wallets Holding at Least 1 BTC Set to Hit 800K All-Time Highs

Bitcoin (BTC) addresses holding 1 BTC are on the rise — but only a maximum of 800,000 people currently own a whole coin. That is according to data released on March 28, which put the total number of wallets containing at least 1 BTC at all-time highs. Are “Wholecoiners” multiplying? The figures from monitoring resource Glassnode claim that 797,420 wallets now have a balance equal to or more than a whole Bitcoin. The number has increased by 101 wallets in the past 24 hours. Individuals may have access to more…