Bitcoin (BTC) Prices Responding as Billionaires like Jack Accumulate
Bitcoin price up 3.6 percent, finding support from breakout levels
Jack Dorsey is accumulating BTC, buys $10k worth every week
Current transaction levels low but up from early Feb 2019
Crypto Analyst: Look For One Simple Sign Before Alt Season Has Officially Begun
Monday August 12, 2019
Throughout 2019, and even during the 2018 bear market, the promise and allure of an “alt season” have kept crypto traders buying each dip in the altcoin market, meanwhile, Bitcoin and its parabolic rally...
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High net-worth individuals, it seems, are ramping up at current spot levels. Down 75 percent from 2017 highs, Bitcoin is available at a discount. As interest pick up, the resulting demand could push prices above $4,500.
Bitcoin Price Analysis
Like every new tech, trailblazing luminaries are often early adopters. It may be ten years since Satoshi Nakamoto rolled out Bitcoin. As China and the US try to reach consensus on what to concede as part of their agreement, Jack Dorsey, the CEO of both Twitter and Square—multi-billion-dollar firm, is once again showing the world his unwavering support for Bitcoin.
He’s not only talking but sinking money, partaking in infrastructure development necessary to take Bitcoin to the next level. Although there are no official comments from Twitter on whether the social media platform will make Tippin.me an inbuilt feature, what we do know is that Jack is accumulating and confident of price.
NewsBTC reported that the tech leader is funneling $10,000 every week buying Bitcoin at current discount levels.
Bitcoin’s Impact On The Environment Is Largely Fiction, Claims Prominent Energy Specialist
Thursday August 15, 2019
Bitcoin uses more electricity annually than Czechia, according to the latest estimates from the University of Cambridge. While Bitcoin is leading the charge to democratize money, there is no escaping its power-hungry reputation. And...
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At spot rates, Bitcoin is up 3.6 percent from yesterday’s close. If anything, this is bullish and cements our long-standing view that Bitcoin (BTC) is technically bullish, only recessing in the last few days.
Even so, risk-averse traders ought to be in the sidelines until after prices rally above $4,500. Supporting and confirming this outlook should be a spike in market participation levels. Preferably, the first leg up confirming bulls of Feb 24 should completely engulf and reverse losses of Feb 24.
Generally, Bitcoin is moving within a consolidation, and as long as the aggressive type of traders can buy on dips, we should note that $3,800 is reliable support.
On top of that, price action is trading within a bullish breakout pattern with floors at $3,800 and a $1000 range with conservative buy triggers at Dec 2018 highs of $4,500.
Our Bitcoin (BTC) analysis anchors on Feb 18 and Feb 24 bars. They counter each other with equally high transaction volumes. Since we are in an uptrend, trend resumption will only print out once prices rally reversing Feb 24 bears. Accompanying this upswing should be high transaction volumes registering above 40k.
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Bitcoin May Be Laying the Groundwork for a Trend Reversal
Sunday August 18, 2019
Following Bitcoin’s recent plunge into the mid-$9,000 region, the cryptocurrency has been able to post a strong and sustainable bounce that has allowed it to secure a foothold within the mid-$10,000 region. Now, analysts...
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