Bitcoin 2020: Bitcoin Halving, Soft-Fork, Hash-Rate All-Time-High, and Bakkt Consumer App for Crypto Purchases Bitcoin (BTC/USD) experienced a dramatic, and impulsive 43% surge from the recent $6 425 ($8 397 CAD) lows, wicking above $9k ($11 762 CAD) and the 200-day simple moving average on the daily chart, but unable as of yet to close […]

Bitcoin (BTC/USD) has been consolidating directly below key resistance, and momentum seems to be slowing down since bitcoin’s tremendous 31.73% surge in price from the $6 425 ($8 391 CAD) recent lows.  The narrative, which has been widely circulated, is that bitcoin is following safe-haven assets, such as gold. When tension between the USA and […]

Central banks start experimenting with digital currencies. Is this a direct threat to bitcoin, or will bitcoin’s popularity continue?   It seems that even more countries and central banks are now catching on to the benefits of developing a central bank digital currency, with the ECB, the Bank of France (Banque de France, and the […]

Newly proposed law could enable German banks to support the sale and custody of bitcoin by 2020; and ECB plans for a European central bank digital currency.   There seems to be luke-warm sentiment on the crypto-regulatory front. Germany’s news agency, Handelsblatt, has reported that as from 2020, a new money laundering bill is being […]

Bitcoin bears take the price to 6 month lows: The unravelling of China’s blockchain euphoria, a major low for December, and a potential reversal in the weeks to come.   Bitcoin (BTC/USD) has fallen to it’s lowest price level in over 6 months. The bullish case failed to materialize last week  after the hidden bullish […]

Bullish Developments: Bakkt announces enterprise-grade institutional bitcoin custody, and multiple bullish divergence signals on the higher time frames   Last week, there was an announcement from Bakkt, the crypto subsidiary of the Intercontinental Exchange, that ‘Bakkt Warehouse’, their qualified custodian of bitcoin, will begin holding the bitcoin assets of their institutional investors.   Previously, the […]

Bitcoin building bullish momentum: A headline article in the Chinese state newspaper, another US Fed rate cut, a short-term falling wedge, and hidden bullish divergence on the daily chart Bitcoin (BTC/USD) had a surprising acknowledgement on Monday morning, when a headline article was printed on the front page of Xinhua, the official state-run newspaper of […]

Bitcoin ranging and consolidating above $9k ($11 832 CAD) support – Setting up a launchpad to $12k ($15 777 CAD) or a sweep of the lows?   Bitcoin (BTC/USD) has been stuck within a choppy range-bound corridor above key support since the end of October, after bitcoin experienced a 40% surge from $7 293 to […]

30% Price Surge: China Blockchain Announcement or Short Squeeze?   Bitcoin (BTC/USD) experienced a 30% surge in price, rising impulsively back above the 200-day simple moving average (MA200) from $7 293 ($9 529 CAD) on 23 October 2019 to a $10 350 ($13 523 CAD) swing high only 3 days later.   This was the […]

Short-Term Outlook   Bear Flag Pattern   Bitcoin (BTC/USD) surged during yesterday’s North American trading session, trading as high as $8 310 ($10 889 CAD), before profit-taking ensued, finding short-term support right at the 4-hour 100-bar simple moving average (MA100), above the $8 200 ($10 747 CAD) support level during the subsequent Asian trading session. […]

Bitcoin (BTC/USD) was battling major horizontal resistance between $8 450 ($11 162 CAD) and $8 520 ($11 254 CAD) at the time of the weekly close, only really managing a 0.382 Fibonacci retracement of the drop from $8 820 to $8 222 ($11 650 – $10 860 CAD) on the 4-hour chart, before depreciating sharply, […]

Bitcoin (BTC/USD) has shown extended weakness since the unsuccessful retest of $8 500 ($11 326) last Tuesday. That level was the 50% retracemement level of the entire move from $3 122 to $13 880 ($4 159 – $18 494 CAD), which at the time, was sitting right at both the 200-day simple moving average (MA200), […]

Bitcoin (BTC/USD) has had a tumultuous week, first breaking below the $9500 / $9600 ($12 569 / $12 702 CAD) trendline support of the corrective phase, then breaking down from the critical $9 386 ($12 419 CAD) triangle support, which then became the catalyst for bitcoin to descend into free-fall mode, losing both the 200-day […]

Bitcoin (BTC/USD) reached an exciting milestone on Monday 19:55 (EST), with Bakkt launching the very much-anticipated bitcoin futures trading on the Intercontinental Exchange (ICE), the first of it’s kind to offer physically-settled bitcoin futures trading after receiving US regulatory approval from the Commodity Futures Trading Commission. It’s easy to get caught up in all the […]

Bitcoin (BTC/USD) continued the downtrend last week, before finding support in the early hours of 11 September at $9 855 ($13 064 CAD) and the 0.618 Fibonacci retracement level of the prior impulse wave from $9 320 to $10 949 ($12 355 – $14 514 CAD) on the daily chart. BTC has since found itself […]

Bitcoin (BTC/USD) has been flashing red since the start of the weekend after unsuccessfully retesting the major $10 950 ($14 393 CAD) resistance level, which BTC needed to clear in order to resume the bullish uptrend after a tedious corrective phase from the recent $13 880 ($18 245 CAD) peak.   Bitcoin seems to still […]

Bitcoin (BTC/USD) has climbed back above both the 50-hour and the 100-hour simple moving averages (MA50 and MA100) during the early Asian trading session, reaching $9 832 ($13 093 CAD) on Bitstamp shortly after the weekly close, and showing some redemption after a lacklustre monthly close for August, a choppy month which many traders will […]

Bitcoin (BTC/USD) experienced a surprising $750 ($996 CAD) surge over 3 hours on Monday, after a fairly stable weekly close, mainly as a direct result of the escalating trade war between the US and China. The Yuan hit an 11 year low on Monday and US Indices are down after further tariffs were imposed by […]

Bitcoin (BTC/USD) has chosen its path after a week of uncertainty and consolidation right below trend line resistance. BTC was again unable to close above that resistance at $12 000 ($15 921 CAD) on the weekly chart, and was unable to clear neither the 0.214 retracement level ($11 577) ($15 360 CAD) of the larger move from $3 122 […]

Bitcoin (BTC/USD) has experienced higher levels of volatility of late, as global uncertainty, and the trade war between the US and China intensifies. Bitcoin is also developing a newly-formed inverse correlation to alts, as BTC looks to potentially join the ranks of ‘safe haven’ assets. After multiple unsuccessful attempts, BTC was again sharply rejected from […]

Bitcoin  (BTC/USD) had surged during the Asian trading session and in the first few hours since the weekly close, and seems to be in a potential blow-off phase of this recent impulsive move from $9,111 ($12 018 CAD). Over the course of this past weekend, BTC managed to first close back above the 50-day simple moving […]