Is this a Bull Run or Bull Trap? Past Bubbles Offer a Few Clues
There is one question on all our minds, is this a bull run or a bull trap? Past bubbles can offer clues, but no one can predict the future.
Bitcoin (BTC)
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.
Crypto and the Golden Crosses
Many cryptos including BTC formed or are starting to form “golden crosses” on the popular 12 day and 26 day EMAs on daily candles.
Crypto is Flirting with Breaking the Downtrend
Bitcoin has been in a downtrend, along with the rest of cryptocurrency since mid January or so (the exact date differs by coin). Now many coins are gearing up to break out of the 2018 bear market.
Bitcoin Surges to $8k then Drops to $7.6k – $7.7k In Massive Short Squeeze
Bitcoin had some insane price action over night. It went from $6.8k, to $8k, then back to $7.6k – $7.7k as shorts (at a record high at the time) had to cover their positions.
Is U.S. Tax Season a Threat to Crypto Prices?
U.S. taxes are due April 17th. Some speculate that money will rush out of crypto before and in after. Both of those things are logically possible.
The GBTC and KimChi Premiums are Melting Away
The GBTC and KimChi premiums (explained below) are at some of the lowest points they have been in months. How one should interpret that is in question.
Coinbase Announces Support for Bitcoin Forks
Coinbase has come out and eluded to supporting forks, but now they have officially announced support for Bitcoin forks and other forks.
Bitfinex
Bitfinex is a leading and important cryptocurrency exchange that offers the major cryptocurrencies for trade and is a favorite spot for margin traders.
The Fight For $9k
There is a battle of bears vs. bulls in crypto land this weekend, and the prize is $9k. Bulls want to charge past it; the bears do not. It is TENSE!
Minor FUD and Minor Pullback For Crypto After a Few Days of Recovery
After a pretty epic crypto run, Bitcoin pulled back a bit at $9.1k and took other cryptos with it. This was magnified by some news which spread Fear, Uncertainty, and Doubt. Otherwise, there is some good news.