Think You Own Bitcoin (BTC)? Upcoming Event for Hodlers Asks You to Prove It

Think You Own Bitcoin (BTC)? Upcoming Event for Hodlers Asks You to Prove It

On January 3, 2020, crypto industry participants will take part in an annual event called “Proof of Keys”.

Proof of Keys marks the anniversary of the creation of Bitcoin’s genesis block, when the very first BTC was mined. Initiated by Trace Mayer, founder of the Bitcoin Knowledge podcast, the event celebrates financial freedom.

To participate in the event, Mayer is asking crypto holders to withdraw their assets from exchanges on January 3rd, moving them to wallets that grant them access to their own private keys. By removing their digital assets from centralized platforms, people can spread awareness about the importance of controlling your own crypto. The goal is fundamental to the purpose of decentralized cryptocurrencies: they’re not really yours if you’re not holding the private keys associated with the assets.

Participants are encouraged to withdraw their funds from custodial trading platforms for at least one day, beginning on January 3rd. By withdrawing their funds from centralized platforms once per year, crypto holders can also test whether or not an exchange is secretly insolvent.

According to the Proof of Keys website launched by Mayer,

“By demanding and taking possession of their assets, individuals will learn real fast with blockchain proof whether they are part of the elite HODLers or not. Proof of Keys is the annual HODLer initiation.”

David

Bitcoin Price Hits $7,500 Again, Ethereum Value Also Up 3.5%

Bitcoin Price Hits $7,500 Again, Ethereum Value Also Up 3.5%

KEY POINTS

  • Bitcoin is back at $7,500 and currently trades near $7,600
  • Ethereum is also up 3.5% but has not recovered since its drop last week
  • The rest of the top 20 cryptos are up except for Tezos
  • If "hodlers" are banking on a Santa Clause rally, then this is not it yet for Bitcoin (BTC). But for the time being, it will do.

The largest crypto by market cap has registered new gains as it sets itself up for the coming week. From dipping near $6,400 on Dec. 18, Bitcoin is back at $7,500 and is almost trading close to $7,600, as of press time.

Among the crypto market, BTC is not the only one to post gains — Ethereum (ETH), the second most popular cryptocurrency, was also up by about 3.5 percent in the past 24 hours. Coindesk prices show that Ethereum traded at a low of $126.59 and climbed to a high of $131.68 on Sunday. The altcoin currently trades at $130.45.

All of the top 20 cryptos — with the exception of Tezos (XTZ) — recorded medium gains. This comes after the entire market was in the red last week because of a report about a Chinese Ponzi scam that dumped billion dollars worth of cryptos in exchanges so scammers can cash out.

However, even as ETH is poised to finish the day on the positive side, it still is $10 away from its original price before the news came out that caused it to dip 10 percent. Bitcoin, on the other hand, has more than recovered much of what it lost in the crypto market drop.

Still, most analysts expect BTC to fall before its scheduled halving sometime in May next year. Even billionaire venture capitalist Tim Draper broadcasted his comments that Bitcoin should be at these levels based on technical analysis data. Although he couldn't provide more details about what the charts say, he is confident that BTC will reach a price of $250,000 by 2022.

CNBC used a similar chart to understand what Draper could be referring to. Brian Kelly of CNBC's "Fast Money" used a logarithmic chart that showed BTC prices since 2013 has been on an upward slope. He pointed to the top of the channel, which falls at 2022, that is on par with Draper's prediction of $250,000. But if the price continues to slide before the halving, as what some analysts expect, that could be below the channel of the log chart Kelly drew up.

 

By Ron Mendoza

@ronmendoza_

12/22/19 AT 11:24 PM

 

David

Bitcoin (BTC) Price Prediction: Key Levels BTC Must Overcome to Confirm Growth

Bitcoin (BTC) Price Prediction: Key Levels BTC Must Overcome to Confirm Growth

If you want to be part of a new trend from the get-go, then you should pay attention to the price structure that you will find in this article.

Bitcoin (BTC) Price Prediction: Key Levels BTC Must Overcome to Confirm Growth

700

Overall Picture

Forming a Trend

Other Confirmation Signs

BTC against USD

 

Overall Picture

As always, let's start with the daily chart to see how the general situation is for Bitcoin (BTC).

From a simple perspective, we can recognize the fact that BTC's price has been holding below the 30-day moving average, or in layman's terms, the average monthly price. This means that the bears are maintaining control, for now.

 

Of course, December 21st had a bullish engulfing pattern. Some could even say that it's all about the double bottom, but we would like to keep it simple as we said before.

Everyone knows that the money is mainly made from trends. So, let's try to find a trend.

 

Forming a Trend

Looking at the chart below, you will find how the current market tries to form a bullish structure. How do we find out about the formation of such a trend? A trend is confirmed when lows and highs are ascending, a minimum of two times from both sides.

If the price is pushed above the local high without breaking the previous low, then congratulations is in order – we are in a local upswing.

 

BTC against USD

700

????

Other Confirmation Signs

To understand BTC's price prediction in a long-term scenario, check out the article here. Now let's take a look at how Bitcoin strengthens its position over other altcoins. By the way, you can use the same trend determination method.

700

 

When do you think the 68% level will be broken?

 

Sponsored by Celsius.Network

Dmitry Zhyhalkin

David

Bitcoin (BTC) Daily Price Forecast – November 27

Bitcoin (BTC) Daily Price Forecast – November 27

Bitcoin (BTC) Daily Price Forecast – November 27

BTC/USD Medium-term Trend: Bearish

Resistance Levels: $6,800, $6,900, $7,000

Support levels: $3,600, $3,400, $3,200

Yesterday, November 26, the price of Bitcoin was in a bearish trend. On November 25, the digital currency fell to the low of $3,774.80 and made a bullish movement to the 12-day EMA. On November 26, the crypto’s price was resisted at the 12-day EMA and it fell to the low of $3835. Price is likely to make another bullish movement to the 12-day EMA.

However, for the digital currency to resume its uptrend the crypto must break the 12-day EMA and the 26-day EMA to the upside and remain above it. Meanwhile, the crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.

On the 1-hour chart, the price of Bitcoin was in a sideways trend. On November 25, the crypto's price broke the 12-day EMA and the 26-day EMA to the upside and remain above it. On November 26, the crypto ‘s price broke the EMAs to the downside which led to the continuation of the bearish trend.

Courtesy of  BitcoinExchangeGuide.com

David

Bitcoin (BTC) Price Watch – Watch This Triangle for Directional Clues

Bitcoin (BTC) Price Watch - Watch This Triangle for Directional Clues

Bitcoin (BTC) Price Watch – Watch This Triangle for Directional Clues

Bitcoin Price Key Highlights

 

  • Bitcoin price is still stuck in consolidation, forming higher lows and lower highs inside a symmetrical triangle on the short-term chart.

  • Price is approaching the peak of this formation so a breakout might be due soon, providing longer-term directional clues.

  • Technical indicators are giving mixed signals, although there seems to be some bearish pressure in play.

Bitcoin price is consolidating inside a symmetrical triangle on the short-term charts while traders decide which direction to take.

 

Technical Indicators Signals

The 100 SMA crossed below the longer-term 200 SMA on this time frame, indicating that the path of least resistance is to the downside. In other words, support is more likely to break than to hold, possibly leading to a slide that’s at least the same height as the triangle. This pattern spans $6,640 to around $$7,000.

Stochastic is on the move down to show that sellers are in control and could push for a break below the triangle bottom. RSI also seems to be moving south to signal that bearish pressure could stay in play as the oscillator has plenty of room to move down before hitting oversold levels.

The recent surge in bitcoin price is being pinned on the Tether selloff, although the launch of Fidelity’s institutional platform might be a bigger factor sustaining longer-term gains. After all, this could open bitcoin and ethereum to stronger volumes and increased trading activity from bigger market players.

A candle closing past the $6,750 triangle resistance could be enough to signal an upside break and a continuation of the rally from the larger triangle breakouts. A break below the $6,675 level, on the other hand, could lead to a test of the nearby support zones, although it’s worth noting that bulls are strongly defending the lows by buying on dips.

 

SARAH JENN | OCTOBER 17, 2018 | 3:54 AM

David

Bitcoin (BTC) Price Watch – Nearby Upside Targets

Bitcoin (BTC) Price Watch - Nearby Upside Targets

Bitcoin (BTC) Price Watch – Nearby Upside Targets

 

Bitcoin Price Key Highlights

  • Bitcoin price continues to hover above its ascending channel support on the 4-hour time frame.

  • Price appears to be consolidating after the bounce but remains on track towards testing the next upside targets.

  • The 38.2% extension level seems to have kept some gains in check, possibly sending price back down to support once more.

Bitcoin price is finding support at the bottom of its rising channel but has hit a roadblock on the first Fib extension.
 

Technical Indicators Signals

The 100 SMA is below the longer-term 200 SMA on this time frame to signal that the path of least resistance is to the downside. In other words, the selloff is more likely to resume than to reverse. Then again, the gap between the moving averages has narrowed to indicate a possible bullish crossover and return in bullish momentum.

Stochastic is still on the move up to indicate that buyers have the upper hand, but the oscillator is approaching overbought levels to reflect exhaustion. Turning back down could mean a pickup in selling pressure and a dip back to the channel support near $6,500. RSI continues to cruise sideways to reflect consolidation but has been on the move up as well.

A continuation of the climb could take bitcoin price to the 50% extension at the mid-channel area of interest or $6,700 mark. The 78.6% extension lines up with the top of the channel and the swing high, serving as a potential take-profit level as well. Stronger bullish momentum could take bitcoin price past the channel top and onto the full extension at $6,956.30.

A handful of analysts are calling a bottom on bitcoin, likely setting the tone for a strong rebound before the end of the year. A survey by Fundstrat revealed that 54% of institutional traders are optimistic about the digital currency’s prospects, although some say that it won’t reach $9,000 by December.

 

SARAH JENN | OCTOBER 5, 2018 | 4:02 AM

David

Bitcoin BTC/USD Long-Term Triangle Break Soon

Bitcoin  BTC/USD Long-Term Triangle Break Soon

Bitcoin BTC/USD Long-Term Triangle Break Soon

 

Bitcoin has tumbled back to the bottom of its triangle consolidation pattern visible on the daily time frame but might be due for a break soon. The price is near the peak of its triangle after all, so it would need to pick a longer-term direction from here.

The 100 SMA is below the longer-term 200 SMA on this daily time frame to hint that the path of least resistance is to the downside. In other words, a break lower is more likely to happen than an upside breakout. In that case, Bitcoin could slump by the same height as the chart pattern, which spans $5,800 to $10,000.

Stochastic is pointing down, also indicating that sellers have the upper hand. This oscillator is just making its way out of the overbought zone, which means that there’s plenty of time for bears to stay in control. RSI appears to be treading sideways, reflecting current range-bound conditions and barely offering directional clues.

Bitcoin appears to have shed its gains on reports that the only Bitcoin investment trust is deeply in the red. Shares of Grayscale Bitcoin Investment Trust (GBTC) are down roughly 80% since price peaked late last year, hardly encouraging news for new investors.

Nonetheless, analysts believe that a big rally might be in order as the Lightning Network shows more signs of growth. This allows a layer to be built on top of the blockchain in order to process smaller transactions. This also speeds up processing while maintaining network security. For many, this could aid in the mainstream adoption of Bitcoin, thereby shoring up volumes and activity in the long run.

However, investors appear to be holding out for an actual positive development to break price out of its long-term consolidation and sustain any potential gains. Many had hoped it would be the SEC decision on Bitcoin ETF applications but the regulator has simply extended the comment period so far.

 

SARA JENN · OCTOBER 3, 2018 · 1:30 AM

David

Bitcoin (BTC) Still Stuck in Consolidation, Breakout Soon?

Bitcoin (BTC)  Still Stuck in Consolidation, Breakout Soon?

Bitcoin (BTC) Still Stuck in Consolidation, Breakout Soon?
 

Bitcoin Price Key Highlights

  • Bitcoin price is still stuck inside its triangle consolidation pattern on the 1-hour time frame.

  • Price is nearing the peak of its formation so a breakout could take place soon.

  • Technical indicators are still giving mixed signals on which direction the breakout might go.

Bitcoin price is nearing the peak of its consolidation pattern, which means that a breakout is bound to happen soon.
 

Technical Indicators Signals

The 100 SMA is above the longer-term 200 SMA for now to indicate that the path of least resistance is to the upside. In other words, support is more likely to hold than to break or an upside break might be more likely than a breakdown. In that case, bitcoin price could be looking at a rally that’s at least the same height as the chart formation, which spans $6,100 to $7,300.

Stochastic is heading higher so bitcoin price could also follow suit while buyers have the upper hand. However, the oscillator is nearing overbought levels to indicate bullish exhaustion and a possible return in selling pressure. RSI, meanwhile, is cruising sideways to reflect consolidation. The moving averages have also been consolidating to signal range-bound conditions.

Bitcoin (BTC)  Still Stuck in Consolidation, Breakout Soon?

Bitcoin price has had a slew of positive developments in the previous week to keep it supported but investors seem to be holding out for more catalysts to sustain a climb this time. Momentum has been on bitcoin’s side but it would still need a few more positive developments to draw more buyers in.

The launch of bitcoin futures on ICE could bring volumes in, but keep in mind that CME futures were being blamed for the drop in bitcoin price late last year. After all it would allow investors to take short bets on the digital asset, possibly taking it for a break below consolidation onto new lows.

 

SARAH JENN | OCTOBER 2, 2018 | 4:12 AM

David

Bitcoin (BTC) Price Analysis – Bulls Stay In Control

Bitcoin (BTC) Price Analysis - Bulls Stay In Control

Bitcoin (BTC) Price Analysis – Bulls Stay In Control

Bitcoin is still inside its symmetrical triangle but continues to trend higher short-term.

BITCOIN PRICE ANALYSIS

Bitcoin still seems to be stuck inside its symmetrical triangle consolidation on the 4-hour chart but continues to climb inside a rising channel on the shorter-term time frames. Price is pulling back to the channel support and a bounce could take it up to the resistance.

The 100 SMA is below the longer-term 200 SMA, though, so the path of least resistance is to the downside. In other words, the selloff is more likely to resume than to reverse. Then again, the gap between the two is narrowing to signal that bearish pressure is slowing and that an upward crossover could be due.

In that case, bullish momentum could pick up and take price past the top of the channel and triangle around $6,800. Note that the triangle spans around $2,500 in height so the resulting uptrend could be of at least the same size.

Stochastic is pointing back up to indicate the return of bullish momentum without even seeing oversold conditions. RSI is treading sideways to signal consolidation but seems to be crawling slightly higher as well. If resistance holds, however, bitcoin could slump back to the triangle bottom at $6,200.

 

By Rachel Lee On Oct 1, 2018

David

BITCOIN PRICE CHANGED BY -2.28 TODAY

 

BITCOIN PRICE CHANGED BY -2.28 TODAY

As at 2018-09-29 average Bitcoin price is 6550.72493333 USD, 1 BTC, 30.0321324 ETH.

It’s noteworthy that is issued into circulation Bitcoin.

Bitcoin BTC/USDT on Binance exchange is 6510.84. The trading volume on Binance is 274818013.32.

At the same time Bitcoin BTC/QC on ZB exchange is 6513.12. The trading volume on ZB is 69895898.43.

Bitcoin BTC/USDT on OKEx exchange is 6508.83. The trading volume on OKEx is 209122252.13.

Bitcoin BTC/USDT on Huobi exchange is 6513.50. The trading volume on Huobi is 95030560.70.

Bitcoin BTC/USDT on Bitforex exchange is 6515.49. The trading volume on Bitforex is 188305436.89.

In this regard, 24 hour trading volume is 4467848631 USD or 682038 BTC. At the same time Bitcoin market capitalization is 113280212358 USD or $17292775 BTC.

Bitcoin average change within 24 hour is -2.28 against USD, 0 against BTC, 2.69 against ETH. Weekly report: -2.33 against USD, 0 against BTC, 7.99 against ETH. Monthly report: -6.97 against USD, 0 against BTC, 22.87 against ETH.

BITCOIN PRICE CHANGED BY -2.28 TODAY

David