Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for September 5, 2019. The text below is an excerpt and does not contain the full analysis. Highlights include: Top of Bitcoin Range Declines: Bitcoin bulls find themselves in all too familiar chart setup - the…
Read more
And once again, Bitcoin rises from the ashes, astonishing its critics and advocates alike. When every technical measure on nearly every chart was pointing down, Bitcoin responded appropriately by reversing course and heading upward with new vigor. We may soon have to refer to Bitcoin as the “Comeback Kid”, if this scenario keeps repeating itself.…
Read more
When the old USSR collapsed decades ago, a vast number of manufacturing plants in Siberia that had supported the Cold War military industrial complex were forced to shut down. The infrastructure, however, is still in place, waiting for some kind of plan for re-birth, but more importantly, the old hydroelectric power plants that had delivered…
Read more
It took one excruciating week, but Bitcoin bulls gradually recovered from a battering by voracious bears, which had driven the digital asset’s value down below $9,500. The analyst community had soured on the token’s sensational past and had consigned itself to waiting for another visit to the lower realms below $9,000. Several reasons were proffered…
Read more
Over the past two months while Bitcoin has been range bound, there have been a multitude of explanations for its sluggishness and inability to leap forward from its $10,000 perch. As for what could happen next, there are just as many predictions, primarily based on technical interpretations of the pricing “tealeaves”, but at times like…
Read more
In its initial idealized beginnings, Bitcoin was intended to be another payment option at the point of sale, free from interference by bankers and a cheaper alternative for merchants. A few zealots actually predicted that Bitcoin would soon rival Visa and MasterCard at the point of sale, but that dream soon disappeared, as BTC became…
Read more
In an ongoing reality play that has continued for nearly two years, the grandstanding performance of a one Craig Wright, who claims to be the real “Satoshi Nakamoto”, the inventor of Bitcoin and the blockchain, was brought to a semi-close, when a Federal judge, the Honorable Bruce E. Reinhart, ruled that he had “intentionally submitted…
Read more
Concern is growing within the Bitcoin analyst community of late, since its 30-day volatility measure has been dipping from a recent high of nearly 130% to a current low of 64%. BTC has earned a reputation for being the most volatile asset class in history, and for good reason, but its latest descent has confused…
Read more
eToro UK markets analyst, Adam Vettese, has provided his daily commentary on traditional and crypto markets for August 28, 2019. The text below is an excerpt and does not contain the full analysis. Highlights include: Telegram Launches Own Crypto: The crypto will be called ‘Gram’ and act as a decentralised structure, where similar to Bitcoin,…
Read more
Suddenly, Bitcoin “watching” has become boring. There had been some expectations that this weekend might bring a groundswell of support, based on a contentious G7 meeting and the fact that S&P futures were in the toilet, due to tariff wars, but such was not the case. Yes, Bitcoin jumped up on Friday in anticipation of…
Read more