Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

TA: Bitcoin Breaks $50K, Why BTC Could Continue To Gain Momentum

Bitcoin price started a steady increase and it surpassed $50,000 against the US Dollar. BTC is likely to remain well bid and it might even clear $50,300 Bitcoin started a decent increase above the $48,000 and $48,500 resistance levels. The price is now trading above $48,000 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $49,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate further higher if it clears the $50,500 resistance zone in the near term. Bitcoin Price Gains Strength Bitcoin price remained well bid above the $46,000 support zone. BTC formed a base above $46,000 and it started a fresh increase. There was a clear break above the $48,000 resistance zone and the 100 hourly simple moving average. The bulls gained strength and were able to push the price above the main $50,000 resistance. It traded as high as $50,300 and it is now consolidating gains. An immediate support is near the $49,750. It is close to the 23.6% Fib retracement level of the recent increase from the $48,033 swing low to $50,306 high. Bitcoin price is now trading well above $48,000 and the 100 hourly simple moving average. Source: BTCUSD on TradingView.com There is also a major bullish trend line forming with support near $49,200 on the hourly chart of the BTC/USD pair. On the upside, an immediate resistance is near the $50,300 level. The first key resistance is near the $50,500 level, above which the bulls are likely to aim a larger increase. The next major stop for the bulls could be $52,000. Dips Supported in BTC? If bitcoin fails to climb above the $50,300 and $50,500 resistance levels, it could start a downside correction. An initial support on the downside is near the $49,750 level. The first major support is now near the $49,200 zone. It is near the trend line and the 50% Fib retracement level of the recent increase from the $48,033 swing low to $50,306 high. If there is a clear break below the trend line support, the price could revisit the $48,000 support zone. Technical indicators: Hourly MACD – The MACD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now well above the 60 level. Major Support Levels – $49,200, followed by $48,000. Major Resistance Levels – $50,300, $50,500 and $52,000.

Ravencore wallet balance

Hey, i get the receiving payments into my wallet but i dont see anything in the RVN balance, not 0, literally empty white box. Anyone what might be the problem? submitted by /u/Majestic-Wolverine-4 [link] [comments]

Bitcoin price tags $50K for first time since May

Since plunging to the $29,000 range in late June, Bitcoin’s price has recovered more than 72%.

Bitcoin tops $50,000 for first time since early May

submitted by /u/Casiopea22 [link] [comments]

First pair of crypto kicks made let me know what you think !

submitted by /u/Dadozuk [link] [comments]

dumpstered about 25 ATI Radeon HD4550

ei team. i've been thinking about setting up a rig for a while and checked out some rigs for about 500 usd (obviously w/o gpu's). some of them have 13 slots for gpus and then i found a butt load of old ones. i'm in the north and have some solar panels so i was…
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wallet wont sink what do i do ?

submitted by /u/your_late_jimmy [link] [comments]

Will Eth 2.0 solve the high gas prices?

submitted by /u/Akemi_Homura666 [link] [comments]

REMEMBER: What a ride it was since the last time we touched 50k.

Now that we are minutes away from breaking 50k, I want us all to take a minute and make some memory. Specially on the bumpy road we had here since the last time BTC departed 50 grand. Remember how China kicked miners, and spreaded powerful FUD, taking miners elsewhere and opening new mines in many…
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