Bitcoin Analysis

Brian Kelly Is Short-Term Bearish but Sees ‘Generational Opp’ in Bitcoin

Brian Kelly is bearish on the bitcoin price in the short term but believes there is a generational buying opportunity coming in BTC/USD. | Source: CNBC/YouTube By CCN Markets: The bitcoin price might have broken back above the $10,000 level today, but one notable trader isn’t impressed. Speaking on CNBC, crypto investor Brian Kelly, who...
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Asset Manager Boldly Claims Every Institutional Investor Will Buy Bitcoin

The range-bound bitcoin price could jump higher if Anthony Pompliano’s prediction turns out to be true in the long run. | Source: Shutterstock By CCN Markets: The bitcoin price has been going sideways for nearly two months now, but crypto bulls believe that rising institutional interest could lead to a breakout. Bitcoin price has been...
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Erik Finman: My Cryptocurrency Will Kill Libra – and Replace Bitcoin

Crypto millionaire Erik Finman says bitcoin is being replaced by Facebook’s Libra. But he says his app Metal Pay is the “Libra killer.” | Source: Erik Finman/Twitter (i), Shutterstock (ii). Image Edited by CCN. By CCN Markets: Crypto millionaire Erik Finman says bitcoin “is being replaced” by Facebook’s Libra. But he insists his cryptocurrency, Metal...
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Bitcoin May Plunge as It Prints a Familiar Bearish Structure

Bitcoin looks short-term bearish and long-term bullish due to a familiar technical structure on the chart. Find out more here. | Source: Shutterstock By CCN Markets: In technical analysis, a support area gets weaker every time the prices touches it. That’s because each tap drains the strength or the demand at the support. A good example...
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Bitcoin Price Analysis: BTC Rally Set For $12,000 Next Week

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 hour chart for XBT/USD,...
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Legendary Investor Bashes ‘Psycho-Currency’ Bitcoin, Then Accidentally Makes Crypto Case

Mark Mobius, founding partner of Mobius Capital Partners claims bitcoin’s emergence will further drive investors to gold. | Source: REUTERS/Francis Mascarenhas By CCN Markets: Mark Mobius, the legendary emerging-markets investor and founder of Mobius Capital Partners, referred to bitcoin as a “psycho-currency” on Tuesday in an interview with Bloomberg. He claimed the rise of “faith-based”...
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3 Reasons Why Bakkt’s September Launch Is Bullish for Bitcoin

Bakkt is a platform for institutional investors and anyone else to buy bitcoin through its legally compliant system. | Source: Shutterstock By CCN Markets: Most cryptocurrency enthusiasts have been waiting for the launch of bitcoin futures trading platform Bakkt. Recently, the crypto community rejoiced as the ICE-operated company announced the official launch date of Sept....
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Bitcoin Price Analysis: Rising Wedge Could Drive BTC to $8.8K

Bitcoin can be seen bouncing off the 0.382 Fibonacci level around $9,600 as price action visibly creates an ascending wedge. Many bearish indicators point towards a break-down and lower low in the coming days. Bitcoin 1-Hour Analysis On the 1 hour chart for XBT/USD, we can see an ascending wedge has formed as a result...
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Turkish Bitcoin Adoption Ramps Up amid Flagging Economic Recovery

Turkey interest in bitcoin remains robust as the economy struggles to recover from the collapse of the lira from 2018. | Source: Shutterstock By CCN Markets: Turkey likes bitcoin more than any of the other 14 nations polled in a recent survey by Dutch banking group ING. Sixty-two percent of Turks were crypto positive, while...
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Bitcoin Price Surges 10% in 48 Hours as Bakkt Countdown Begins

The bitcoin price spiked after regulated futures platform Bakkt announced it had received approval to launch in September. | Source: Shutterstock By CCN Markets: Bakkt, a bitcoin futures trading platform operated by ICE, the parent company of the New York Stock Exchange (NYSE), finally received approval from the Commodities and Futures Trading Commission (CFTC) to...
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Bitcoin (BTC) $ 70,483.88 0.47%
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