Deflation with Negative Interest Rates Is Bullish for Bitcoin – CCN.com
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If you’ve been reading my column, you know that I do not believe in the long-term story of bitcoin and that trading it is actually worse than gambling in a Las Vegas casino. I don’t believe bitcoin will actually ever replace fiat currency, and the circumstances under which
Read MoreBitcoin price failed to hold the key $10,300 and $10,250 support levels against the US Dollar.The price is currently trading with a bearish bias and recently tested the $10,000 support area.There is a key bearish trend line forming with resistance near $10,340 on the hourly chart of the BTC/USD pair
Read MoreMany claim that bitcoin is the "new gold." However, BTC is not correlated with any asset, including gold. Hence, it's a good hedge. | Source: ShutterstockThe U.S.-China trade war, the Hong Kong protests, and now the attack on Saudi Arabian oil producer Aramco – these events add more pressure
Read MoreA $10 billion wealth advisor predicts the next Fed rate cut will launch the bitcoin price to a new yearly high. There's just one problem. | Source: Jim WATSON / AFP (i), Jan von Uxkull-Gyllenband/Shutterstock (ii). Image Edited by CCN.The Federal Reserve will hold its next policy meeting tomorrow,
Read MoreBitcoin appeared stuck in a price-range on Monday as attacks on Saudi Arabia’s oil facilities raised concerns over global energy supply and renewed tensions in the Middle East.The spot bitcoin rate slipped 0.03 percent to $10,301.78 on Coinbase, while bitcoin futures on CME surged by 1.12 percent to $10,380 as
Read MoreData from blockchain.com shows Bitcoin’s hash rate is at all-time-high. Last week, it peaked at 98.5 quintillion hashes per second. In addition, according to the mining pool, BTC.com, mining difficulty is also at its highest ever level at 11.9 T.All in all, miner’s confidence, in Bitcoin, has never been higher,
Read MoreBitcoin price is currently consolidating above the $10,300 level against the US Dollar.The price seems to be struggling to break the $10,400 and $10,500 resistance levels.There is a breakout pattern forming with resistance near $10,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).The price could either
Read MoreThe total crypto market cap is currently holding the $250.0B support area.Bitcoin price is struggling to gain momentum above the $10,400 and $10,500 resistances.EOS price is up more than 2% and it recently broke the key $4.000 resistance area.BCH price is back above the $300 pivot level and it could
Read MoreETH price broke the main $185 resistance and climbed above $190 against the US Dollar.Bitcoin price is consolidating above the $10,300 support area, with positive signs.There is a connecting bullish trend line forming with support near $188 on the hourly chart of ETH/USD (data feed via Kraken).The pair is likely
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