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Grayscale’s Bitcoin Premium Suggest BTC Still Overvalued at $10,400: Analyst
Posted on Sunday August 18, 2019

While Bitcoin (BTC) is still not decidedly in an uptrend, it is doing a lot better than it was a bit earlier this week, when the cryptocurrency cratered to $9,500 in a massive -8%...

The post Grayscale’s Bitcoin Premium Suggest BTC Still Overvalued at $10,400: Analyst appeared first on 12bitplay - Bitcoin Play.

Litecoin May Soon Surge Despite Selling Pressure and Recent Dusting Attack
Posted on Sunday August 18, 2019

Litecoin has been wrapped in negative sentiment as of late, which has primarily been rooted it its lackluster price action following its recent halving event and a recent dusting attack that impacted nearly 300,000...

The post Litecoin May Soon Surge Despite Selling Pressure and Recent Dusting Attack appeared first on 12bitplay - Bitcoin Play.

Bitcoin as a Safe Haven: Yet Another Recession Indicator Flashes
Posted on Sunday August 18, 2019

For the umpteenth time in a matter of weeks, a recession indicator has started to flash. Bitcoin, which has begun to be classified as a “safe haven” asset, may stand to benefit from such...

The post Bitcoin as a Safe Haven: Yet Another Recession Indicator Flashes appeared first on 12bitplay - Bitcoin Play.

Bitcoin May Be Laying the Groundwork for a Trend Reversal
Posted on 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...

The post Bitcoin May Be Laying the Groundwork for a Trend Reversal appeared first on 12bitplay - Bitcoin Play.

Bitcoin Dropping Under High $8,000s Now “Highly Unlikely”: Here’s Why
Posted on Sunday August 18, 2019

Despite the fact that Bakkt finalized a launch date for its much-ballyhooed Bitcoin futures, the cryptocurrency market has failed to rally. Per the time of writing this, the leading crypto asset is currently trading...

The post Bitcoin Dropping Under High $8,000s Now “Highly Unlikely”: Here’s Why appeared first on 12bitplay - Bitcoin Play.

Bitcoin (BTC) Price Weekly Forecast: Decline Far From Over
Posted on Sunday August 18, 2019

There was a strong drop in bitcoin price below the $10,500 support against the US Dollar. The price is currently correcting losses, but it remains below key hurdles near $10,500. There is a bearish...

The post Bitcoin (BTC) Price Weekly Forecast: Decline Far From Over appeared first on 12bitplay - Bitcoin Play.

Ethereum Price Weekly Forecast: ETH Could Climb Above $200
Posted on Sunday August 18, 2019

ETH price declined heavily below the key $200 and $190 support levels against the US Dollar. The price is currently consolidating losses after trading as low as $174. There is a crucial bearish trend...

The post Ethereum Price Weekly Forecast: ETH Could Climb Above $200 appeared first on 12bitplay - Bitcoin Play.

Ripple (XRP) May Face Grim Future Despite Today’s Bounce
Posted on Saturday August 17, 2019

Earlier this past week Ripple (XRP) along with the aggregated crypto markets faced an incredibly sharp sell-off that sent XRP reeling down to lows of $0.25, which marked a significant pullback from the mid-$0.30...

The post Ripple (XRP) May Face Grim Future Despite Today’s Bounce appeared first on 12bitplay - Bitcoin Play.

Will Growing Interest from China Propel Bitcoin’s Price Higher?
Posted on Saturday August 17, 2019

Bitcoin (BTC) has incurred a significant amount of volatility as of late which was perpetuated yesterday by news regarding the release of Bakkt’s physically settles Bitcoin futures product, which many investors view as a...

The post Will Growing Interest from China Propel Bitcoin’s Price Higher? appeared first on 12bitplay - Bitcoin Play.

Crypto Tidbits: Bakkt’s Bitcoin Futures, Coinbase & Xapo, IRS Cryptocurrency Crackdown
Posted on Saturday August 17, 2019

Another week, another of Crypto Tidbits. While this week was crazy bearish for the Bitcoin price, the fundamental developments seen made up for the market collapse. Bakkt revealed that it will be finally launching...

The post Crypto Tidbits: Bakkt’s Bitcoin Futures, Coinbase & Xapo, IRS Cryptocurrency Crackdown appeared first on 12bitplay - Bitcoin Play.

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