Zář 17

Bitcoin Price to Surge After Crossing $10,700: Analyst

Bitcoin price inched lower on Tuesday as investors waited for the outcome of the Federal Reserve’s two-day meeting on monetary policy.


The benchmark cryptocurrency slipped by $44.70, or 0.44 percent, to $10,217.84 as of 13:09 UTC. The downside price action occurred on the sidelines of better-performing alternative cryptocurrencies. While the second-most valuable blockchain Ethereum climbed 2.18 percent against bitcoin, XRP became the second-largest gainer against the king cryptocurrency after rising 5.97 percent. Other altcoins, including Bitcoin Cash, Litecoin, and EOS, also registered impressive gains.

bitcoin, bitcoin price

Bitcoin slips as altcoins surge higher this Tuesday | Image credits: TradingView.com

There is a notion that bitcoin didn’t live up to its “safe-haven asset” status in the face of an adversary. Recent drone attacks on two Saudi Arabia’s crude oil production facilities ended up messing an already worsening global economic outlook. The US’ S&P 500, China’s CSI, and Europe’s Stoxx 600 each dwindled as investors digested the long-term prospects of the Saudi attack. Analysts believe the incident would halt the global oil supply for months, the effect of which will start reflecting on the health of the international markets. 

“While the ultimate impact will depend on a combination of the extent of damage, the US and Saudi response, and whether further attacks occur, the current production decline will exacerbate the tightening in the oil market that was already underway and could add a more lasting geopolitical risk premium to prices,” Greg Sharenow, a portfolio manager at Pimco, told FT.

Almost all the haven assets responded positively to the Saudi attacks. Gold and Treasuries rose as investors looked at them as hedging assets. Unfortunately, bitcoin didn’t live up to the expectations.

The Fed Meeting

All eyes are now on the Federal Reserve meeting that commences today. Markets expect the US central bank to cut interest rate by a 25 basis-point, as the Fed chair Jerome Powell continues to face political pressure from President Donald Trump. Powell’s office will update its dot plot, a visual representation of the direction of the interest rates, while the chairman himself will address the attendees tomorrow with a final decision.

Changes to the dot plot could see influence from the ongoing US-China trade war and Saudi attacks. It would also consider Bank of America Merrill Lynch’s September fund manager poll that found that 38 percent of investors expect a recession over the next 12 months.

Bitcoin Bulls At It

Speculators in the cryptocurrency market see rate cuts as bullish for bitcoin. Coupled with the launch of Bakkt’s most-awaited physically-settled bitcoin futures, traders predict at least a $10,700 bitcoin by the end of this week. But to this date, Bitcoin has least reacted to any of such updates, as visible in the cryptocurrency’s dismissive performance after the European Central Bank (ECB) announced fresh rate cuts and quantitative easing rounds last week.

Dan Tapeiro, the founder of New York-based DTAP Capital, meanwhile brings in a technical perspective. The analyst on Monday said bitcoin could accelerate higher if it manages to “strongly close over $10,700.” The level roughly matches shoulders with a descending trendline.

He, meanwhile, added:

“Everyone “knows” that fact already. In traditional markets, when everyone knows the fact it is considered “priced in.” In Bitcoin, you never know what’s priced in. But it doesn’t matter because Bitcoin doesn’t care about your opinion.”

To sum up, bitcoin can go up, but it can go down also.

Do you think Fed rate cuts will push bitcoin price past $10,700 this week? Let us know in the comments below.


Images via Bitcoinist Image Library, BTC/USD charts by TradingView, Twitter: @thehill, @DTAPCAP

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Zář 07

Binance Coin Price Analysis: BNB Could Attempt Reversal To $26

Binance coin has created three lower lows between now and June as price action loses close to 50% of its value. Further downside is expected, however, signs of a reversal could be playing out.


BNB/USD 1 Hour Analysis

On the 1 hour chart for BNB/USDT, we can see at the end of August price levels crashed through $25 support as mentioned in my previous BNB analysis, since then price levels have bottomed around $21 and market price action creates an ascending channel. Both the 50 MA and 200 EMA are touching for the first time within the 1 hour visible chart range. RSI has also created three higher highs.

Volume has been gradually increasing since the 30th of August just before price action bottomed at $21. Volume levels will need to keep increasing to sustain the newly developed ascending channel which could result in Binance Coin testing breakout resistance at $24.5.

It’s likely BNB price levels will trade within the ascending channel over the next week, then create a new low. It’s important not to enter into a position until either price levels have breached the breakout point at $24.5, or clearly breaks down through the ascending channel support if you’re looking to short.


BNB/USD 8 Hour Analysis

On the 8 hour chart for BNB/USDT, we can see a clear falling wedge has formed. Stemming from the highs at $39 down to the current third lower low at $21. Falling wedges are inherently bullish, especially when forming off the back of an explosive move to the upside. Further downside within the falling wedge is likely. Key support to look out for below the current market price is $19.8.

Volume has begun to rise over the last few days in comparison to volume levels seen throughout August. In order for price levels to attempt a bullish breakout through the falling wedge, volume levels must return to levels seen in May through to July. Currently, the market price is trading right below the 0.236 Fibonacci level which is also at the same level whereby price action would break out through the falling wedge. Bullish breakout is only confirmed once both of these levels have been surpassed.

RSI turned oversold towards the end of August and now appears to be forming bullish momentum which aligns nicely with the ascending channel on the 1-hour chart.  However, there are almost no indications that this uptrend will be sustainable.

Do you think Binance Coin will break out through the falling wedge in a bullish fashion over the coming weeks? Please leave your thoughts in the comments below!


Images via Bitcoinist Image Library, BNB/USDT charts by TradingView

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Srp 17

3 Reasons Why Bitcoin Price Hasn’t Returned to $13,000

Despite the promises of crypto analysts and institutions like Goldman Sachs, Bitcoin price continues to hover around low 5 figures. What’s going on?


After struggling to hold above the $11,000 point earlier this week, Bitcoin price, at last, succumbed to selling pressure and dropped below $10,000 for the second time in three weeks. Prior to the drop, numerous analysts predicted that $10k would serve as a reliable bounce point as the price represents important psychological support.

Clearly, this was not the case and even after making a strong upside move from $9,500 to $10,450, Bitcoin still struggles to stay above $10,100. 

Let’s take a look at what is keeping the king of cryptocurrencies down. 

Dovey Wan says Ponzi Scheme is Crashing the Crypto Market

On July 14 Primitive Crypto founding partner Dovey Wan attributed the sharp sector-wide correction to bulk Bitcoin sells from PlusToken, a Chinese Ponzi scheme. The scheme managed to accrue 200,000 Bitcoin and more than 800,000 Ethereum from naive investors in China.

According to Wan, not every member of the PlusToken team has been arrested yet and data from cybersecurity auditing firm Peckshield shows that recently more than 1,000 Bitcoin was transferred to Huobi and Bittrex from PlusToken accounts. 

Wan is convinced that the scammers are covertly shifting their funds “into small batches into exchanges, like 50 to 100 Bitcoin per batch.”  Wan also claimed that she recently stumbled across a chat where Chinese traders were saying that someone had been dumping 100 BTC non-stop on Binance.

If true, it is entirely possible that large back to back sales of Bitcoin could affect spot rate across exchanges but this sole event is probably not fully responsible for Bitcoin’s malaise

Mind the CME Gap 

The CME Bitcoin Futures gap is another popular topic amongst Bitcoin traders and many cite the existence of the gap as a reason why Bitcoin continues to drop below $10,000. A glance at a Bitcoin daily chart shows an $870 gap between $7,177 and $8,050.

The gap is simply the outcome of Bitcoin price moving over the weekend while the CME Futures are closed and the space denotes the difference between the previous close and the new opening price once the market reopens.

The gap is a cause for concern as traders set the price as a target that must be filled at some point, typically when an asset corrects and retraces to supports in the vicinity of the gap.

Many traders believe that Bitcoin must revisit this $7,100 to $8,500 range to truly correct before resuming its strong bullish trend to a new all-time 2019 high. 

Bitcoin Accumulation Before Surge on Recession Fears 

An assortment of crypto analysts have posted charts suggesting that Bitcoin has entered a lengthy consolidation phase and will continue to be pinned between $9,000 to $14,000 until more excitement and momentum build up over the 2020 halving event. 

Earlier this week as the stock market took a horrific tumble over weakening macroeconomic fundamentals, fears of a recession sprang up as an economist focused on an inverted yield curve on treasury bonds.

This week the slope on US Treasury bonds became inverted and for economists and market analysts, this is typically an indicator that a recession could be on the way.

At the same time, Gold has continued to rise in price and many investors believe that Bitcoin is a similar store of value and hedge against volatility.

If the US and other countries truly are on the verge of a recession, one would increase inflow into Bitcoin and a significant increase in its market cap and value.

At the time of writing, Bitcoin is steadily dropping back towards $10,000 and $9,800 is the most immediate support level. 

Do you think Bitcoin price will dip below $10,000 over the weekend? Share your thoughts in the comments below! 


Images from Bitcoinist Image Library, Twitter: @DoveyWan, BTC/USD charts by TradingView

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Srp 10

Ethereum Price Analysis: Bears Eye Pullback To $190 Support

Ethereum price recently broke out of a period of consolidation as mentioned in my previous analysis on ETH, completing an asymmetrical triangle in favors of the bulls but has since begun a pullback breaking the short-term support. Bears now eye $190 support around the visible range low.


Ethereum Price 1-Hour Analysis
ethusd60

On the 1 hour chart for ETH/USD, we can see how price action progressed after the breakout. Price levels tested $240 resistance and failed to gain on the 6th of August resulting in a rejection causing a pull-back to break the short-term support around $217. Since then price levels have continued to drop and looks poised to re-test the visible range low at $189 just below the 0.382 Fibonacci level.

It’s important to note that volume remains reasonably low on this pull-back and will need to see a drastic increase in selling momentum to cause a crash through $189 support making it likely that a bounce could happen as market price tests this key support price level. RSI just hovering above 20.00 being oversold indicates selling momentum has control over market price.


Ethereum Price 8-Hour Analysis

ethusd8h

On the 8 Hour chart for ETH/USD, we can see where the support at $189 originates from being the local top throughout the middle of April just before price levels broke out and swiftly tested $282 resistance thereafter. RSI has yet to hit oversold zone but appears to be clearly heading in that trajectory, by the time the market price which is currently $204 tests support at $189 it’s likely RSI will be fully oversold presenting a good reason to consider re-entering at this level.

200 EMA can be seen acting as resistance at the local top mentioned on the 6th of August at $240 meaning the recent breakout was a failure to gain aka fakeout as the necessary volume needed for price levels to sustain a new short-term bullish uptrend didn’t arrive. The volume appears to be almost flatlining now in comparison to volume seen throughout April, May, and even June. POC (Point of Control) sits at $168 and will be the next key support level to look out for if $189 breaks.

15 SMMA and 50 MA can be seen just about to cross down over each-other at the recent support break-down point at $218. This could signal much further downside to come so it’s important to practice effective risk management when taking any trades on ETH/USD over the coming days and weeks.

Do you think the volume necessary to propel ETH/USD higher will arrive in the coming days? Please leave your thoughts in the comments below!


Images via Bitcoinist Image Library, ETH/USD charts by TradingView 

This article is strictly for educational purposes and should not be construed as financial advice.

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Čvc 18

Did US Congress Send Bitcoin Price Back to Five Figures?

Bitcoin price has made a bit of a comeback over the past few hours to re-touch five figures again. It remains to be seen whether this is the beginning of a wider recovery but many analysts are still of the opinion that a four figure BTC is a giveaway.


Bitcoin price made it back to $10,000 again a few hours ago during Asian trading. The move marks a gain of over 10% from BTC’s intraday low of $9,050 yesterday. At the time of writing bitcoin price had retreated back to 00 where it currently trades, still up on the day consolidating around $9,800.

bitcoin

BTC prices 1-hour chart – Tradingview.com

It remains to be seen whether this revisit of five figures is part of a recovery from that recent dip of whether further losses are on the cards. The overall trend for the week is still down and the last move has been another lower high so more pain could be coming over the weekend.

Many are still of the opinion that anything below $10,000 is a gift. RT’s Max Keiser is still very bullish tweeting this yesterday:

“The next vault over $10,000 will leave that digit in the dust. Like we’ll never see $100 or $1,000 anymore, we’ll never see $10,000 again.”

Yesterday’s Congress hearing may have had an effect on BTC prices with many industry experts stating that it was bullish. Most of the regulatory angst appears to be aimed at Facebook which is a private, profit-driven corporation, now aiming to become the world’s largest digital bank. Binance boss Changpeng ‘CZ’ Zhao couldn’t resist the opportunity to point this out:

“So basically, congressmen are: bullish on bitcoin, just not so hot on Libra. Feeling pitiful for the guys who sold yesterday.”

Bitcoin Still ‘Eating’ Altcoins

According to Tradingview, BTC dominance is still over 68% despite its recent pullback. Yet again the altcoins are struggling to make an impact even though a few of them have pumped double digits today. Trader and analyst, Josh Rager, has observed the discrepancy adding:

“Currently, BTC sits a weekly open and at 68% and want to see this reduce significantly before investing into altcoins. $ETH (the S&P of alts) is sitting at monthly support, it needs to hold and it all lies on Bitcoin’s future price action.”

In a rare move, Ethereum has actually bounced back more than bitcoin today. The 8% move has lifted ETH prices back to around $218 but it remains bearish and could quickly fall back to support at $200. Altcoins will have their day, but at the moment it is nowhere to be seen.

Will bitcoin price climb back over $10k? Add your thoughts below.


Images via Shutterstock, Tradingview, Twitter: @maxkeiser, @cz_binance, @Josh_Rager

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Čvc 12

Bitcoin Price Analysis: Bullish Divergence At $11,500

Bitcoin price hit a peak of $13,000 on the 10th of July just two days ago. Since this price levels have pulled back to POC (Point of Control) around $11,300 as mentioned in my previous bitcoin price analysis. Three descending lows are evident on the 30 Minute time-frame alongside descending volume and ascending RSI which is a clear indication of bullish divergence.


Bitcoin Price 30 Minute Analysis

BTC 30 Min

On the 30-minute bitcoin price analysis chart, we can see clear bullish divergence playing out. Bright as day, we can see highlighted the descending peaks in both price action and volume. In addition to this, RSI (Relative Strength Index) shows clear ascending momentum. These are the three main points to look out for when trying to gauge bullish divergence, this coupled with the fact that market price is trading at POC (Point of Control) around $11,600 begins to paint a very bullish picture for BTC’s short-term price action.

Both the 50MA and 200EMA are sandwiching market price, this is a clear indication of consolidation before a big move. BTC’s volume is at it’s lowest in the last 3 Days and price levels aren’t continuing to dump meaning there’s good support around the current market price.

Provided the bullish divergence plays out as expected, price levels could break July’s monthly high of $13,000 over the coming days. The trend is still very much bullish and bears don’t seem to be gaining much momentum as outlined in yesterday’s bitcoin price analysis on BTC.


Understanding Bullish Divergence

Bullish divergence is simply when the candlesticks create lower lows and your indicators create higher highs. This signals that bearish selling momentum during a pull-back or correction is starting to fade out. Understanding how to spot divergence in the market is a crucial fundamental skill that every crypto trader must learn. Characteristics such as a clear curve in short-term price action as highlighted in my technical analysis above on BTC, and three or two clear descending lows in price action.

Regular Bullish Divergence

  • Reversal of current downtrend
  • Second or third low.
  • Price makes new Lower Low, but the indicator makes Higher Low.
  • Trend changes to the upside.

Traders in both traditional and emerging financial markets will grasp a firm understanding of how to spot divergence. Given the volatile nature of cryptocurrencies, being able to predict future price action based on the simple rules above can provide assistance in developing your edge in the market, and in becoming a profitable trader. Below you can see an example of bullish divergence playing out in the Forex markets.

Bullish Divergence

Moving Average Convergence Divergence

Do you utilize divergence as a part of your trading strategy? Let us know in the comments below!


Images via Shutterstock, Tradingview

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Čvc 09

Bitcoin Price Rallies Towards $13,000 In Sudden 11% Surge

Just yesterday the Bitcoin price sentiment was starting to turn bearish as markets began to cool off. Many of the top analysts on crypto twitter had hinted at further losses as BTC posted lower highs. Today it has surged back in an epic 11% pump back towards $13,000.


Bitcoin Price Bears Bashed Again

BTC had been consolidating around $11,500 since recovering from its dip into four figures early last week. That range bound action finally broke during early Asian trading this morning when Bitcoin price broke through resistance and traded north of $12,000.

The king of crypto did not stay there and made a big push up to a new 13 day high of $12,880 according to Tradingview. It is the highest price Bitcoin has attained since June 27 when it slid down from that peak just $900 higher.

bitcoin

BTC price 1 hour chart – Tradingview.com

A new 2019 high could be imminent if Bitcoin price can close above the previous two daily candles at $12,950. Trader and analyst Josh Rager, who said yesterday’s weekly close was bearish, has changed his tune today as BTC continues to defy the markets.

“With lower-highs on the 4 hr chart, I’d look to lean bearish as we start the week”

“Fool me once, shame on you… Fool me twice, shame on me. No way was I shorting Bitcoin after a close under the resistance again. Not much stopping this train, just minor daily & weekly resistance left until new yearly highs.”

Altcoin Annihilation

Rager continued to comment on Bitcoin dominance which was approaching 67% at the time of writing.

“Bitcoin Dominance on its way above 66%. This is why you always keep a healthy percentage of your portfolio in Bitcoin especially in a bull market.”

It is the highest market share Bitcoin has had since December 2017 and those predominantly holding altcoins will be in a world of pain at the moment. Of the $26 billion that has entered the crypto markets over the past 24 hours, BTC is responsible for almost 85% of it.

The top three crypto assets after Bitcoin have not even gained 3 percent each. Even Litecoin, which is halving in just 27 days, has only managed a blip to get above $123. There are a number in the red at the moment including BNB, TRX, ADA, XMR, LEO, LINK and ATOM.

Many of those interviewed at the Taipei Blockchain event (link to Taipei article) were confident that altcoins would rally again soon but at the moment they are getting buried by their big brother. A new 2019 high could be imminent for BTC this week and after today’s move, all eyes are on $14,000.

Will Bitcoin price break resistance to hit a new yearly high? Add your thoughts below.

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Čvc 08

Bearish Weekly Close Could Create More ‘Buy Bitcoin’ Opportunities

Bitcoin and crypto markets have been mostly sideways over the weekend. There has been little movement in either direction for BTC and most of the high cap altcoins and all eyes have been on the close of the weekly candle.


Bitcoin Price Closes Below Resistance

The four hour chart has been showing lower highs for the past week or so however the range is tightening up which could lead to a possible breakout. With an intraday high of $11,700 and a low of $11,000 BTC remains range bound for now trading at 00.

bitcoin

BTC price 1 hour chart. Tradingview.com

Trader and analyst Josh Rager has been eyeing the charts for the next move and is leaning towards a bearish one following the close of the weekly candle.

“Bitcoin closed below the resistance while at the same time tapped the tippy top of the support near $9,614. With lower-highs on the 4 hr chart, I’d look to lean bearish as we start the week. But you know that you’d love to buy more BTC and crypto under $10k”

On the upside, any move below five figures may well trigger another ‘buy Bitcoin’ frenzy as we witnessed last week when BTC fell to $9,600 briefly.

Full-time trader and self-styled financial revolution prepper ‘Financial Survivalism’ has also hinted at a move to the downside and expects Bitcoin price to drop back into four figures this week.

“I’m expecting $BTC to return to 4 figures within the next 48 hours. Main reason is the high volume shooting star from last week.
Confirmation comes from the charts below:
1st weekly Stoch sell signal since Dec 17
Overbought W ADX
Bearish TK Cross on D cloud
4h Bear channel”

The sentiment appears to be spreading across CT this Monday morning as others echo the possible end of the rally.

“In the near term, I think upside on $BTC is limited. Likely the top is in for the next 3-4 months. Better to build some support first before the 6 fig moon mission.”

Altcoins In The Green

Not all is bearish during Asian trading this morning. A number of the altcoins are actually posting pretty good gains over the past 24 hours. Ethereum has made almost 6% taking it back over $300 again, and Tron is on a flyer surging 9% to retake a top ten place.

Monero is up a similar amount as XMR reaches $105 and Crypto.com Chain is in double digits this morning with an 11% pump. Total market capitalization has added $8 billion so maybe the altcoins could be starting to finally decouple from their commander at the top.

Will Bitcoin price drop back to four figures this week? Will there be favorable situations to buy more Bitcoin?Add your thoughts below.


Images via Shutterstock, Tradingview, Twitter: Josh Rager @Josh_Rager, Financial Survivalism@Sawcruhteez

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Čvc 05

Bitcoin Price Begins Consolidation; Markets Cooling Down

As the parties wind down in the US and the impending hangovers begin to fester, Bitcoin is taking a breather. In what appears to be the beginning of a consolidation phase, BTC has dropped around 8% on the day.


Bitcoin Price Falls Back To $11000

The epic 25% bounce back from the depths of $9,600 took Bitcoin price to $12000 briefly yesterday. For the duration of the fourth, it managed to consolidate around $11,800 but has fallen sharply a few hours ago. The latest dip has returned BTC back to $11k, and it is currently holding just above there at 00.

bitcoin

BTC price 1-hour chart – Tradingview.com

Daily volume has retreated back to $25 billion and BTC market capitalization has just dipped below $200 billion again. As Bitcoinist reported earlier this week, BTC may have found a new floor at around $10,000 but a drop below this could signal a deeper dip than the previous one, possibly somewhere back in the $8k region.

The CT traders seem to have taken the day off for the US holiday and things are pretty quiet in crypto land at the moment. Looking at next levels of support, the 50-day moving average is currently at $9,200 so this may serve as the next lower low if BTC heads south again.

On the four-hour chart, Bitcoin price has already dropped below the 50 MA and could head towards the 200 which is currently at $9,600. As in previous cycles, there was a lot of buying pressure at four figures but this may not be of the same magnitude if BTC drops below $10k again.

CNBC, which often serves as a counter trade signal, seems to be bullish on Bitcoin however with this rather festive tweet posted a few hours ago.

Altcoins Getting Battered Again

Total crypto market capitalization has dumped over $15 billion on the day but Bitcoin dominance remains over 65% according to Tradingview.com. Yet again the altcoins, which are already in bad shape, are getting battered.

Ethereum has dumped 5% to return to $285 and XRP has shed a similar amount falling back to $0.387. Litecoin is holding $120 at the moment but Bitcoin Cash and EOS are both down 4%. There is a lot of red on the altcoin markets during Asian trading this morning and only a handful of the very low cap ones are making any progress.

The weekend may see more consolidation from Bitcoin which appears to result in a dump in the altcoins. It might be time for the daddy of crypto to take a breather for a bit.

Will Bitcoin price make another lower low or remain here for a while? Add your thoughts below.


Images courtesy of Shutterstock, , Tradingview

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Čvc 04

Bitcoin Price Approaching $12000 Again As Dominance Hits 65%

The recent Bitcoin price correction was over before it really began. A five-day slide culminating in a short-lived 30% dip below $10000 saw a huge bounce back by over 20% as BTC surged back above $11000. It’s market dominance is now heading towards highs not seen since 2017.


Bitcoin Dominance Hits 65%

Bitcoin price has continued to push higher since it topped $11000, 24 hours ago. There was clearly huge buying pressure at four figures and some have suggested that BTC may never fall that low again. The gradual crank higher has taken Bitcoin price to $12000 again during the morning’s Asian trading session. It is now exactly 25% higher than the dip on Tuesday.

bitcoin

BTC price 1-hour candles. Tradingview.com

A few hours ago one big green candle lifted Bitcoin price back above the 200 moving average on the hourly chart. It has pulled back a little and is currently trading at 00. Zooming out to the daily chart still paints a very bullish picture for BTC.

Once again the move has increased Bitcoin market dominance to highs not seen since late 2017. According to trader Josh Rager, it is facing resistance here and altcoins could soon start to react.

“$BTC dominance climbing at 65%. Bitcoin’s dominance hasn’t been above 70% since July 2017 & see this as a definite area w/ possible resistance. Majority of altcoins can continue to retest support until BTC dominance drops (which could happen near these levels) so pay attention.”

The discussion that followed had many thinking that BTC dominance could climb as high as 70% again where it was during the start of the 2017 bull run. This would absolutely obliterate the altcoins, many of which are still wallowing over 80% down from their peaks.

Fellow trader ‘CryptoFibonacci’ has noticed a triple top for bitcoin dominance which could spell a breakout to the upside.

“I’m not a big believer in “triple tops”. It will have to prove me wrong. Be careful if you are in Alts.”

Very few of the altcoins have done anything since Bitcoin’s bounce back. Ethereum is still below $300, XRP has not moved at all from $0.40 and Litecoin is stuck at $120 as the halving FOMO dries up.

Bitcoin is currently the top performing crypto asset in the top twenty with a gain of over 5% on the day. It doesn’t look like slowing down either as fears of Trump induced dollar manipulation to start to fester. The US president tweeted that America should match currency manipulation practices being carried out in China and Europe. Fiat fiddling is all good news for Bitcoin.

Will Bitcoin price hit $13000 this week? Will BTC market dominance hit 70% again? Add your thoughts below.


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