Category: Bitcoin (BTC)

Bitcoin Price Analysis: BTC/USD Majestically Propelled Above $12k, Is $13,000 Within Reach?

Bitcoin bulls take down the resistance at $12,084 and $12,145 to trade a new yearly high at $12,492. BTC/USD slowed down price action suggests that consolidation will follow ahead of a breakout to $13,000. Bitcoin finally made the last stroke above $12,000 on Monday ascending to a new yearly high at $12,492 (on Coinbase). The […]

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Bitcoin Technical Analysis: BTC/USD Unable To Break $12k Resistance But PlanB Believes $20,000 Is Nigh

Bitcoin bulls rush to secure the tentative support at $11,800 following another rejection from $12,000. Plan B believes Bitcoin’s next bullish target is 2017’s all-time high. Bitcoin price action has been mundane mainly because it was not been able to overcome the seller congestions at $12,000. There was a brief recovery over the weekend supported […]

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Bitcoin Price Forecast: BTC/USD Eyes $14,000 But First $12,000 Must Be Conquered

Bitcoin Price Forecast: BTC/USD Eyes $14,000 But First $12,000 Must Be Conquered

Bitcoin price remains in the bullish hands with the path to $14,000 already curved out. BTC/USD potential for gains above $12,000 in the near term mounts with gains supported by most of the technical levels. Bitcoin has had a relatively impressive weekend session. The session was not ballistic like the one before it but it […]

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Flooding Threatens China’s Bitcoin Miners, Chinese Billionaire Says ‘Three Gorges Dam Collapse Imminent’

Flooding Threatens China’s Bitcoin Miners, Chinese Billionaire Says ‘Three Gorges Dam Collapse Imminent’

This week cryptocurrency enthusiasts are still focused on the severe flooding in China during the 2020 monsoon season. The flooding has already displaced millions of Chinese citizens and skeptics are concerned about the vast number of bitcoin miners located in the Sichuan province.The landlocked province in Southwest China, Sichuan is located upstream of the Three […]

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Bitcoin’s 10% Drop Shrugged Off – Traders Expect More Big Dips On the Way Up

Bitcoin’s 10% Drop Shrugged Off – Traders Expect More Big Dips On the Way Up

Bitcoin investors are shrugging off the recent drop in value that saw a loss of over 10.9% on Sunday. A number of speculators believe the price is still very bullish but expect some more big dips along the way. Meanwhile, optimism has been cushioned as onchain statistics show that exchange withdrawals also surpassed deposits on […]

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Publicly Traded Firms Launch New Mining Rigs, Less Hashrate Than Competitors

Publicly Traded Firms Launch New Mining Rigs, Less Hashrate Than Competitors

Two of the top mining manufacturers from China that recently had initial public offerings (IPO) released two new mining rigs. Canaan Inc. and Ebang Communications both have shares listed on the Nasdaq stock exchange, and the two firms just launched two ASIC mining devices with hashrates up to 63 terahash per second (TH/s).The two Chinese […]

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