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Over the last 5 days, Bitcoin has bounced off the 0.382 Fibonacci level as mentioned in my previous analysis. Since then price levels have risen sharply testing resistance just shy of $11,000. An influx of new volume could propel price levels to $12,000 next week. Bitcoin 1-Hour Analysis On the 1 ..
Cryptocurrency derivatives exchange BitMEX has discontinued offering services to the users of three countries. Fun fact: it has offices in those regions. BitMEX said in a statement issued today that it is limiting access to users residing in Seychelles, Hong Kong, and Bermuda. The Seychelles-based ..
News Major cryptocurrency exchange BitMEX announced that it will restrict access to its platform in Seychelles, Hong Kong and Bermuda. Per an announcement published on Aug. 19, in order to ensure the safety of funds and the stability of the exchange, the firm restricted access from countries in wh..
Narratives come and go quickly in the crypto space, with some progressing towards tangible products and developments while others fall by the waist side. The impending entrance of institutions into crypto has been speculated on for more than a year, with few definitive signs that major institutions ..
News The United Kingdom’s Advertising Standards Authority (ASA) has upheld its complaint against a Bitcoin advertisement from top crypto derivatives exchange BitMEX. According to an ASA announcement dated Aug. 14, the watchdog has taken issue with the purportedly misleading nature of a graph showi..
Trading cryptocurrencies is more interesting than trading equities or other forms of traditional assets. The volatility of cryptocurrencies drives massive price movements that would probably give Wall Street stocks traders a collective heart attack. Trading cryptocurrency derivatives, however, adds ..
A recent break-down out of the asymmetrical triangle mentioned in my previous BTC analysis looks poised to continue down to support levels below $11,000. Bitcoin price levels hold above $11,000 for now but the low volume could cause this support to break. Bitcoin Price 4-Hour Analysis On the 4 ho..
Follow up On Aug. 7, Binance, the world’s largest cryptocurrency exchange (by daily trade volume), fell victim to a hacking scandal that saw the miscreant allegedly gain possession of a huge chunk of the firm’s Know Your Customer (KYC) data (10,000+ personal photos). The hacker is reportedly deman..
Bulls have been well in control of price action over the last few days as price levels rise 18% since the breakout mentioned in my previous analysis on Bitcoin. Bearish signs start have started to show as market price trades below a key resistance level at $12,400. Bitcoin Price 2-Hour Analysis O..
In my previous analysis, we looked at the strength of the new Bitcoin uptrend as price levels traded just below $11,000 resistance. Since then, bulls have been well in control resulting in further upside towards $12,000. Bitcoin Price 1-Hour Chart On the 1 hour chart for XBT/USD, we can see how Bi..