Newly Launched Bitcoin Optech Initiative Aims to Address BTC Scalability Issue

A team of Bitcoin (BTC) engineers has announced the launch of the Bitcoin Operations Technology Group (Bitcoin Optech) addressing the problem of Bitcoin’s scalability, according to their statement published July 20. Bitcoin Optech is a non-profit organization backed by leading industry players like PayPal Board Member Wences Casares, executive of Kohlberg Kravis Roberts & Co. Ltd John Pfeffer, and cryptocurrency research and development group Chaincode Labs. At this stage, Bitcoin Optech focuses on “operational technical work, such as segwit usage, transaction batching, fee estimation and coin selection,” helping companies integrate…

Money is Moving From Tokens Back to BTC

Throughout May and June, even during bear markets and strong downward movements, tokens performed relatively well against bitcoin. So far, in July, bitcoin has proven its dominance through a stable performance against the US dollar. Why Bitcoin is King, For Now Over the past three months, tokens have had a solid basis to increase in volume and price, mainly due to two major factors: the approval of ether by the US Securities and Exchange Commission (SEC) as a non-security and the unforeseen move of Coinbase to add two tokens in…

Bitcoin (BTC) Price Watch: Is That a Bullish Continuation Signal?

Bitcoin Price Key Highlights Bitcoin price recently broke past key resistance levels but is now consolidating around the $7,400 level. This could be seen as a bullish flag pattern, which follows a strong rally and could be seen as a continuation signal. A break past the $7,600 level could be enough to confirm that the bullish run is resuming. Bitcoin price appears to be consolidating inside a bullish flag pattern, which could be indicative of another run higher. Technical Indicators Signals The 100 SMA is above the longer-term 200 SMA…

Bitcoin (BTC) Price Watch: Buyers Waiting for a Pullback?

Bitcoin Price Key Highlights Bitcoin price recently surged past an area of interest and may be due for a retest. Using the Fibonacci retracement tool shows where bulls might be waiting to join in. Technical indicators are hinting at potential profit-taking and a continuation of the uptrend. Bitcoin price could be due for a correction from its latest rally, and buyers are waiting to join in at the area of interest. Technical Indicators Signals The 100 SMA recently made a bullish crossover from the 200 SMA to indicate that the…

Bitcoin (BTC) Price Watch: Bullish Pattern Confirmation!

Bitcoin Price Key Highlights Bitcoin price finally broke above the neckline of its inverse head and shoulders pattern to signal that a rally is underway. The chart pattern is around $1,000 tall so the uptrend has room to go, but a pullback might take place. Technical indicators are showing mixed signals while sentiment favors more bitcoin price gains. Bitcoin price made a strong upside break from the neckline of its inverse head and shoulders pattern. Technical Indicators Signals The 100 SMA just crossed above the longer-term 200 SMA to indicate…

Bitcoin (BTC) Price Watch: Down But Not Out!

Bitcoin Price Key Highlights Bitcoin price appears to be keeping its head above the near-term area of interest at the channel support. If a bounce back to the resistance happens, an inverse head and shoulders pattern could also be completed. A break past the channel top could be enough to confirm that a long-term uptrend is underway. Bitcoin price is staying above the $6,300 area of interest to signal that bulls are putting up a good fight. Technical Indicators Signals The 100 SMA is starting to cross above the longer-term…

While Mining ETH is a ‘Side Hustle’ for Google Co-Founder, Mining BTC for Russians May Fund Election ‘Interference’

Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week US Charges 12 Russian Intelligence Officers With Crypto-Funded Election “Interference” The U.S. Department of Justice released an indictment this week that charged twelve Russian nationals with the intention to “interfere” in the 2016 U.S. presidential elections. According to the indictment, Russian officials from…

Bitcoin (BTC) Price Watch: Next Potential Support Zone

Bitcoin Price Key Highlights Bitcoin price has broken below that near-term area of interest and is setting its sights on the next support zone. Price could fall to the very bottom of its range visible on longer-term charts, where buyers may be waiting. Technical indicators reflect weakening bullish momentum and a return in selling pressure. Bitcoin price broke below the resistance turned support zone at $6,300 and is on track towards testing the next floor. Technical Indicators Signals The 100 SMA crossed below the longer-term 200 SMA to hint that…

Bitcoin (BTC) Price Watch: Still Fighting to Stay Afloat

Bitcoin Price Key Highlights Bitcoin price is still hovering at the area of interest visible on the 4-hour time frame as buyers and sellers battle it out. A small consolidation pattern can be seen at current levels, and this could be seen as a bearish continuation signal. If any of the retracement levels hold, an inverse head and shoulders reversal pattern could form. Bitcoin continues to hold on to the area of interest, still deciding whether to make a bounce and reversal or a continuation of the slide. Technical Indicators…

Bitcoin (BTC) Price Watch: Potential Bounce Targets

Bitcoin Price Key Highlights Bitcoin price is still inside its short-term ascending channel but is on its way to test support. If the near-term floor holds, the Fibonacci extension tool on this pullback shows the potential upside targets. Technical indicators are suggesting that the rally could carry on from here. Bitcoin price looks prime for a bounce off its short-term channel bottom and might recover to the Fib extension levels. Technical Indicators Signals The 100 SMA is above the longer-term 200 SMA on this time frame to confirm that the…