AI-Based Youtube Bitcoin Explainer Trained By Real BTC Guides Gets It All Wrong

An AI compilation published on Youtube Tuesday that used pre-existing Bitcoin (BTC) explainers to come up with its own “basic stage training” on Bitcoin has resulted in almost complete nonsense, Mashable reports May 22. Created by Botnik Studios, which describes itself on Twitter as a “human-machine creative force,” the Youtube video is a voice over of the texts generated by an AI that used “predictive keyboard trained on dozens of Bitcoin explainers.” In order to introduce the viewer to the coin, the video first explains that “Bitcoin is the most…

Bitcoin (BTC) Price Watch: Kashkari Comments Bring Sellers In

Bitcoin Price Key Highlights Bitcoin price resumed its drop as price is now breaking past the mid-range area of interest. This could put it on track towards testing the range floor at the $6,550 level. Technical indicators are confirming that selling pressure is still in play. Bitcoin price seems poised for more losses as it reeled from Kashkari’s remarks and is setting its sights on the range bottom. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA to signal that the path of least resistance is to…

Bitcoin (BTC) Technical-Price Analysis (May 23, 2018)

As it is, Bitcoin prices are basically in a consolidation and swaying within a tight $2,200 range with tops at $10,000. Regardless of recent swings, I’m net bullish and today, its likely prices might move higher and sync with April 15 bullish candlestick. From the News There are some pretty nice developments in the crypto world and because Bitcoin is the most dominant coin, expect to see wild allegation or over ambitious developments. One of them, depending on your view, is the rumor that there are solid plans of replacing…

Consensus 2018 | Tom Lee Explains Why BTC Price Failed to Rally

The NY Consensus 2018 has become the most important and expected event in the crypto ecosystem. The best projects, authorities, and influencers gathered together last week to share ideas and make announcements that could potentially revolutionize the industry. Many expected that during the week, Bitcoin price would rise as a result of increased market confidence. Such an approach would be logical, as, in previous years, cryptos followed this behavior. One of the first to talk about this pattern is Tom Lee, CEO of Fundstrat. In an interview for CNBC, he…

Bitcoin (BTC) Price Watch: Bears Might Not Be Done Yet

Bitcoin Price Key Highlights Bitcoin price has rallied in the past few hours but also hit resistance on its channel. If this continues to keep gains in check, bitcoin could still resume the selloff to the support areas marked. Using the Fib extension tool shows the potential downside targets in the short-term. Bitcoin price might still resume its downtrend as the top of its descending channel is keeping gains in check. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA to confirm that the path of least…

Bitcoin (BTC) Price Watch: Support Holding, Bullish Pattern Forming

Bitcoin Price Key Highlights Bitcoin price looks tired from its selloff as it starts to show bullish moves. Applying the Fibonacci extension tool on this potential bounce shows the next upside targets. Technical indicators are still suggesting that sellers have the upper hand. Bitcoin price seems to be done with its correction and ready for a climb, but technical indicators have yet to catch up. Technical Indicators Signals The 100 SMA is still below the longer-term 200 SMA to signal that the path of least resistance is to the downside.…

(Canaan Creative Files for an IPO) Bitcoin (BTC) Technical Analysis

Regardless of the slow price action and dip in prices, Bitcoin is still king of cryptocurrencies and many altcoins anchor their moves on it. While we remain hopeful of future recoveries, it is likely that the past few days’ price appreciation is but short coverings. Notice that there is a clear failure to march past $9,000 since volumes are low and half below March 11 bear spike. I recommend shorts in lower time frames with targets at $6,800 in the short term. From the News In less than five months,…

Bitcoin Price Watch: How Low Can BTC Go?

Bitcoin Price Key Highlights Bitcoin price has bounced off the area of interest previously highlighted to signal that the selloff would resume. Applying the Fibonacci extension tool shows how low bitcoin could go from here. Technical indicators are showing mixed signals, with the oscillators reflecting more bearish pressure. Bitcoin price is bouncing off the downtrend line and looks ready to resume the drop to new lows. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA to confirm that the path of least resistance is to the downside…

Pineapple Fund | Donates More Than $55 Million In BTC

On May 11, the anonymous philanthropist- “Pine”, curator of the Pineapple Fund, published a touching message in Reddit announcing their withdrawal from the crypto-sphere. Five months ago, a Reddit user by the name of Pineapple Fund, posted an announcement on Reddit asking for recommendations to donate upwards of $86 million worth of BTC too. Many were skeptical and confused. However, when the first proofs of the donations became public, the community acquired a sense of enthusiasm and respect towards the project and its rarity in the world of cryptos. “Hello! I remember staring…

8,200 BTC Moved From Mt. Gox Wallet, Possible Sell-Off Affects Bitcoin Price

Join our community of 10 000 traders on Hacked.com for just $39 per month. The Mt. Gox trustee, who was tasked to sell about 200,000 bitcoin after the bankruptcy of the now-defunct cryptocurrency exchange Mt. Gox, is suspected to have dumped another 8,000 bitcoin on the cryptocurrency market. Domino Effect As CCN reported yesterday, CNBC’s Fast Money contributor and BKCM founder Brian Kelly stated that the entrance of major financial institutions and banks into the cryptocurrency market could allow the cryptocurrency market to surge in value and cryptocurrencies to be…