Protesters burn Bitcoin ATM as part of demonstration against El Salvador president
The Chivo machine could be seen defaced with anti-BTC logos and a sign saying “democracy is not for sale.”
The Chivo machine could be seen defaced with anti-BTC logos and a sign saying “democracy is not for sale.”
On Tuesday, Bitcoin.com News spoke with Marc Falzon, an individual who has been documenting the bitcoin rollout in El Salvador since the law was implemented on September 7. Falzon says that there are a number of issues that no one is talking about in regard to the bitcoin law and the Chivo wallet, a government-crafted […]
Solana has one of their huge problems exposed (Being centralized) and have to go down for almost an entire day. Only goes down $40…. okay fine that is just one example. Cardano launches their huge smart contracts implementation! Goes up 20 cents after falling 50 cents. VeChain making all these partnerships with companies and charity…
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Buyers continue to scoop up Bitcoin and altcoins on dips, a signal that there is strong demand at lower levels and that bullish momentum is building.
The Bitcoin golden cross, a signal that has traditionally been a bullish indicator, is now official, according to a capital manager. The Famous Bitcoin Golden Cross Now “Official” According to a capital manager on Twitter, the Bitcoin golden cross is now official. This is only the eighth time in the history of the coin that such a cross has occurred. The “golden cross” has been the topic of discussion all over the online crypto communities today, but what is it that makes it so special? Well basically, a golden cross is marked by a short-term moving average (MA) taking over a long-term one. Usually, analysts consider such an event to be a bullish turn for the market. The bullish crossover that Bitcoin is witnessing right now is one where the 50-day MA is moving over the 200-day MA. Here is a chart posted by the capital manager that highlights this golden cross for the BTCUSD trading pair: The 50-day MA seems to have crossed over the 200-day MA | Source: Tweet by Dr. Jeff Ross As the above chart shows, the golden crossover looks to be complete as the 50-day MA makes a move above the 200-day MA. The capital manager believes we will see “Strong short-term price action. Recent bearish patterns breaking down.” Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course What Does The Crossover Mean For BTC’s Price? Conventionally, the golden cross has been considered a bullish signal for Bitcoin. However, there have certain exceptions throughout its history. While golden crosses have indeed been there before the start of previous bull runs, there have also been many cases where the crossover was just a fake out event. Opposite to the golden cross is the “death cross,” which occurs after every bull market and marks a bearish turn for Bitcoin. During fake out events, alternative false golden and death crosses usually form. Related Reading | One Way To Protect Your Profit No Matter Bitcoin Pumps or Dumps After BTC hit the latest ATH of $65k, a death cross formed, but the crypto didn’t see any significant downtrend following it. Bitcoin has formed its eighth golden cross ever | Source: BTCUSD on TradingView Based on the death cross being a false signal, it’s possible this golden cross will just turn out to be another one of those fake out occurrences where a false cross leads into another. However, it could also very well shoot the coin up instead, helping the coin reach the last peak that some indicators have been hinting at. Where do you think this golden cross will lead Bitcoin to? Let us know in the below poll! Will the Bitcoin golden cross ultimately be… — NEWSBTC (@newsbtc) September 15, 2021 Featured image from Unsplash.com, charts from TradingView.com
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I know I know, Faucets.. Everyone has a opinion. But since I am mining with two GTX 1050 TI's, I only make about 10 RVN a day. I am trying anything to get more RVN before "The Halving". I recently started using a new faucet site to earn Litecoin and then realized I could get…
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