Category: Cryptocurrency News

The analytics provider reported that long-term BTC holders are reducing their spending, and adding to positions.

Australian Senator Jane Hume says we need to acknowledge that cryptocurrency is not a fad, adding that there are huge opportunities in decentralized finance (defi). “We should tread cautiously, but not fearfully,” she said, emphasizing that “Australia mustn’t be left behind by fear of the unknown.” Australian Senator Says Crypto Is Not Going Away, Sees […]

Bitcoin retested the $55,500 support zone against the US Dollar. BTC is recovering, but it could face a strong selling interest near $57,500 in the near term. Bitcoin settled below the key $58,000 and $57,500 resistance levels. The price is now trading below $57,500 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $58,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is recovering, but upsides might be limited above the $57,500 resistance zone. Bitcoin Price Remains At Risk Bitcoin price started a fresh decline from the $59,500 zone. BTC gained pace below the $58,500 and $57,500 support levels to enter a bearish zone. The decline gained pace below the $56,500 level and the price retested the $55,500 support zone. A low is formed near $55,633 and the price is now correcting losses. There was a break above the $56,500 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $59,411 swing high $55,633 low. However, bitcoin price is now trading below $57,500 and the 100 hourly simple moving average. There is also a major bearish trend line forming with resistance near $58,000 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com An immediate support is near the $56,500 level. The first major support is now forming near the $55,500 level. A downside break below the $55,500 level could spark more losses. In the stated case, the price might decline towards the $55,000 level. Any more losses may perhaps lead the price towards the $52,000 support zone in the near term. Upside Capped In BTC? If bitcoin stays above the $56,500 support, it could attempt a fresh recovery wave. On the upside, an initial resistance is near the $57,200 level. The first key resistance is near the $57,500 level. It is near the 50% Fib retracement level of the downward move from the $59,411 swing high $55,633 low. The next major resistance sits near the $58,000 level and the 100 hourly simple moving average, above which the price might rise towards the $60,000 level. Technical indicators: Hourly MACD – The MACD is slowly moving into the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is still below the 50 level. Major Support Levels – $56,500, followed by $55,500. Major Resistance Levels – $57,500, $58,000 and $60,000.

Did any of you degenerates get a Bitcoin from Burger King? Or were they are bunch of phonies and didn’t give any BTC or ETH away? I’ve gained 40lb and I’m very upset that I only have 2,491 doge now. Does anyone have any good weight loss programs? Preferably one that rewards me with more…
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Kraken Australia’s Managing Director is concerned that a proposed new licensing regime for crypto exchanges could collapse the vibrancy of the industry down under.

I am quite curious, who here has been to a crypto conference and was it memorable? Did you enjoy it? I’d love to get a lay of the land of what has made a conference successful. I have been to a handful at this point and I was happy that I went, but it wasn’t…
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If this post gets downvoted to hell or removed, it's time to cash out. It's no crazy new insight that trading is driven by emotion. Professionals and amateurs are both, to a varied extent, victims of their emotion-driven and not always logical decisions. Has the bull run gone too far? Are investors in over their…
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