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Bitcoin (BTC) is having a field day as it seems to be enjoying the outbreak of the deadly coronavirus. As fear and uncertainty because of the virus continue to spread, the adverse effects are being felt by several businesses. The world’s financial markets also suffered a crash and even oil stocks
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View Bitcoin's ongoing upward trend still looks strong with the 50- and 100-day averages eyeing their first bullish crossover since March 2019. The cryptocurrency looks set to test $10,000 over the next few weeks. A minor pullback to levels below $9,000 may be seen before a stronger rally as the
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ViewBitcoin's short-term technical charts indicate scope for a test of the 200-day average at $9,100. A breakout on a longer duration chart has opened the doors for a rise to $10,000 and above. An impending long-term bearish crossover on the three-day chart is a lagging indicator and is of little
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It has been two years now that Bitcoin price hit its all-time high of $20,000 in December 2017. Since then it has been a tough ride for Bitcoin investors as the world’s largest cryptocurrency lost 80% of its value in 2018.In April 2019, the crypto market along with Bitcoin revived
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Bitcoin violated the falling trendline resistance on Dec. 4. So far, however, that has failed to invite buyers in numbers. A UTC close above the Nov. 29 high of $7,870 is needed to invalidate the lower-highs set up and confirm a bullish reversal. That will likely yield a quick move
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Disclaimer Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. This article is
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Responding to the humanitarian crisis in Kenya, the Red Cross Movement turned to blockchain to help uplift rural and slum communities.While it took the Red Cross Movement and other organizations 15 years to realize cash can be handed to victims of disasters, it’s good news to know that newer and
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Three national units of the Red Cross — the largest humanitarian donor after the United Nations — are backing a blockchain-based currency scheme to enhance aid delivery and boost local economies.According to a report from the Thomas Reuters Foundation on Nov. 26, the Red Cross societies of Norway, Denmark
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Bitcoin looks set to test support at $7,520 after a bearish cross was confirmed Monday and recent gloomy China news. Source
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The golden cross and death cross have long helped traders predict and confirm long-term price trends. Here’s a primer for crypto investors. Source
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