I know some of you may be tired of seeing this but please bear with me. There have been requests by some subscribers as well as friends and family for a short video about what the book Cryptosphere consists of. Here is a short video talking about the book and what you can expect. Enjoy!
This is just a very short video discussing the price of Bitcoin. I have done several pieces in the past discussing the very topic of Bitcoin price possibly falling to $6500. For those who have not read of them, here are the links:
Bitcoin: Next Stop $6500?
Bitcoin: Road to $6500 Still On?
Bitcoin: Is This the Bottom Before the Rise?
The video that follows simply echos the point by pointing out what the market is saying today. Enjoy!
A lot of things have happened in the world of cryptocurrencies, interesting things of course. As always here are some of the stories you may have missed
BRICS Nations Discuss Creation of New Crypto For Unified Payment System
Former ECB President's Statement Shows Bitcoin Does Have Impact on the Economy
Three Fronts in the Global Digital Currency Wars
What Xi Jinping’s blockchain advocacy means for China and the world
Bitcoin Market Cycle: Is This Complacency, Or A New Hope?
Jack Dorsey eyes Africa’s Bitcoin market
6 Months Before Halving Signs Indicate Bitcoin Miners Are Hoarding
Why Bitcoin’s Next ‘Halving’ May Not Pump the Price Like Last Time
Forget WhatsApp, this developer built encrypted messages on Bitcoin
The Real Reason Behind Bitcoin’s Epic Rally Revealed?
Kim Dotcom’s Cryptocurrency Sale Canceled by Exchange
How Bitcoin Can Solve The Dollar Depreciation Disaster
Former US Congressman Ron Paul Receives His First Bitcoin
Why Russia is still choosing gold over Bitcoin
A more enjoyable option would be for you to read the magazine on your iPad using the Flipboard app. If you do not have the Flipboard app, download in the app store, install, and enter the "Blockchainology". This magazine is curated by Olusegun Oyekanmi
I must admit that I should have written this piece over a week ago but didn’t. Bitcoin has once again stunned many people with its surprise move a little while ago. I began to wonder if the price had bottomed out. This could only mean one thing, a look at the charts. Many of you may recall that I have mentioned looking at the higher timeframe charts, in this case, the weekly charts with the assistance of some moving averages.
A look at the BTC: USD weekly chart from Bitfinex indicates that there is a high probability that Bitcoin has bottomed. The reason for this is that Bitcoin’s last two weekly prices ranges closed above the 21-weekly EMA (Exponential Moving Average). So far this week has closed above the 21-weekly EMA. As I have said in the past once price closes above the 21-weekly average on two consecutive occasions, then it is most likely that the price will rise. The second condition is for price to stay above the prior low which was $7333.40. If these two conditions are maintained then this means that the buyers and bulls are in control.
We must not fail to mention that the price is also above the 55-weekly moving average. Falling below this average means falling below the previous low. If this happens, then the bears and sellers are in control, which could mean a price fall. Bitcoin volatility comes as no surprise hence, massive price rises and falls. No one can say when and how this will happen but then your guess is as good as mine.
Swap your cryptos here:
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