Bitcoin is the most commonly known cryptocurrency. It’s a decentralized digital currency that is secure and private and can be used in transactions worldwide. It carries with it a number of pros and cons and is currently rather volatile.
In this section we discuss everything Bitcoin including how it works, what it’s worth, how you can “mine Bitcoin”, and more.
The US Copyright office granted Craig Steven Wright copyright registrations for the Bitcoin paper and Bitcoin code. This is true even though there is a debate over whether or not Craig is Satoshi.
The SEC has delayed both the Bitwise and VanEck Bitcoin ETFs yet again.
When GBTC and ETCG trade at a premium to the underlying assets, it is generally a sign that crypto is bullish.
So here is the state of the market: Bitcoin is going parabolic, major alts like ETH are holding up, low caps (alts with low market caps) are getting crushed, and lots of big news (bearish and bullish) is all being met with BTC increases.
Bitcoin Dominance is a measure of how much of the total market cap of crypto is comprised of Bitcoin. It can help you understand the trend of BTC and alts.
One could argue, based on some factors like Simple moving averages that the BTC-ETH pair is bearish and at the same time the BTC-USD pair is bullish. It is the same for many alts.
The above chart shows Bitcoin 2010 – May 2019. In my opinion the current price action is similar to 2012 and mid-to-late 2015.
Bitcoin is about to form a Golden Cross as its 50 day Simple Moving Average is set to cross over its 200 day SMA. This pattern does not have to occur, but if it does it would be bullish.
Crypto search interest and so are prices. Google search interest has been a reliable indicator of crypto sentiment, typically an increase in search interest correlates with an increase in price.
BTC hasn’t exactly taken us out of the bear market yet, but man is it looking good. This is almost the cleanest breakout we have had the entire bear market since the top.
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.