Bitcoin (BTC) Price Watch: Decisive Bullish Break Happening?

Bitcoin Price Key Highlights Bitcoin price is attempting another upside break from its descending triangle visible on the longer-term charts. If this is a decisive break, price could climb by the same height as the triangle, which spans close to $4,000. Technical indicators are giving mixed signals but there are signs of bullish momentum building up. Bitcoin price is making another attempt at a bullish triangle breakout to ultimately confirm that more gains are in the cards. Technical Indicators Signals The 100 SMA is still below the longer-term 200 SMA…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 17

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. While crypto markets have given up much of their Oct. 15 gains, they are still trading well above the recent lows, which is a positive sign. A knee-jerk reaction to a news event can propel the markets only to a certain level, after which…

Bitcoin Futures Trading Rose 41 Percent in Q3: CME

Bitcoin futures trading volumes continued to rise in Q3, with derivatives exchange CME reporting a 41 percent quarter-over-quarter increase in average daily volume. Bitcoin Futures Volumes See Major Bump in Q3 During Q3, the exchange averaged 5,053 contracts — each equivalent to 5 BTC — traded during each daily trading session, representing 25,265 BTC in volume. Open interest in CME’s bitcoin futures market saw a significant bump as well, rising 19 percent quarter-over-quarter to an average of 2,873. In Q3, Bitcoin futures average daily volume rose 41% and open interest was…

Bitcoin Volatility Hits Record Low, Calm Before a Major Short-Term Rally? Experts Weigh In

Disclaimer: This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision. In the beginning of October, Bitcoin achieved a 17-month low volatility rate, recording its highest level of stability since mid-2017. Bitcoin has started to experience a noticeable decline in its volatility during a period in which the volume of the dominant cryptocurrency achieved a new yearly low. Thus, the volume of Bitcoin dropped from $4.2 billion to $3.2 billion on October 7, by…

Bitcoin Price Watch: BTC/USD Could Dip and Rip Above $6,520

Key Points Bitcoin price is consolidating below the $6,520 resistance level against the US Dollar. Yesterday’s highlighted key ascending channel is active with support at $6,430 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could decline a few points towards $6,400 or $6,380 before it climbs higher. Bitcoin price is currently trading in a range above $6,400 against the US Dollar. BTC/USD must break $6,520 to accelerate gains in the near term. Bitcoin Price Analysis During the past few sessions, there was hardly any…

Bitcoin Price Rises to $6,450 as Market Stabilizes, Has Crypto Hit a Bottom?

Over the past 72 hours, the cryptocurrency market experienced one of its wildest fluctuations in recent years, triggered by the sudden increase in the Bitcoin price. The unforeseen decline in the value of Tether (USDT), a stablecoin backed by the US dollar on a 1:1 ratio, led premiums on major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) to materialize, briefly pushing the price of BTC to $7,700. In actuality, the price of BTC on fiat-to-cryptocurrency exchanges such as Coinbase and Bitstamp did not exceed $6,700. Still, the short-term recovery of…

Bitcoin Cash Price Analysis: BCH/USD Could Break Towards $472

Key Points Bitcoin cash price is holding the $440 support and is trading with a positive bias against the US Dollar. There is a contracting triangle in place with support at $445 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to break to the upside towards the $460 and $472 resistance levels. Bitcoin cash price is positioning for more gains against the US Dollar. BCH/USD must break $452 to gain momentum towards $460 and $472. Bitcoin Cash Price Analysis There was a…

Bitcoin (BTC) Price Watch: Watch This Triangle for Directional Clues

Bitcoin Price Key Highlights Bitcoin price is still stuck in consolidation, forming higher lows and lower highs inside a symmetrical triangle on the short-term chart. Price is approaching the peak of this formation so a breakout might be due soon, providing longer-term directional clues. Technical indicators are giving mixed signals, although there seems to be some bearish pressure in play. Bitcoin price is consolidating inside a symmetrical triangle on the short-term charts while traders decide which direction to take. Technical Indicators Signals The 100 SMA crossed below the longer-term 200…

Next Bitcoin Bull Run Will See Crypto Market Rise ‘10x’: Pantera CIO

The co-chief investment officer of one the cryptocurrency industry’s largest investment firms said that he expects the next bitcoin bull run to carry the cryptocurrency market cap 1,000 percent above its current valuation. Pantera Capital’s Joey Krug made this prediction during an interview with Bloomberg, forecasting that the next upswing could propel the cryptocurrency market cap to more than $2 trillion. “If you look at that next bull run, I think the crypto space overall could hit 10x from here.” Noting that in previous market cycles the news that major…

$194 Million was Moved Using Bitcoin With $0.1 Fee, Potential of Crypto

On October 16, a Bitcoin user moved 29,999 BTC worth $194 million with a $0.1 fee, a transaction which with banks would cost tens of thousands of dollars. An often pushed narrative against cryptocurrencies like Bitcoin and Ethereum is that it is expensive to clear transactions due to fees sent to miners. However, the $194 million payment on the Bitcoin blockchain demonstrates the potential of consensus currencies to optimize cross-border payments significantly. $1 Million Through a Bank Costs $10,000+ Transferwise is a UK-based multi-billion dollar firm that eliminates hidden fees…