Bitcoin Nearing $8000 Citing Mass Bitcoin Adoption By US Largest Telecom Giant

The largest cryptocurrency, Bitcoin is very close to reaching $8000 on early Friday, May 24, 2019. Alongside bitcoin, other altcoins as well performing with a green momentum. However, this comes after the announcement of mass bitcoin adoption by US Telecoms Carrier, AT&T which created a huge buzz on the market on May 22, 2019.
AT&T Bill With Bitcoin (BTC)
On Thursday, May 22, a US largest Telecoms giant AT&T announced its bullishness towards cryptocurrency. It says that the firm will soon be accepting cryptocurrency, specifically Bitcoin for online bill payments. To process the new payment on its website and mobile app, AT&T is partnering with BitPay, a bitcoin payment service provider.
Image Source – Twitter
However, once you wish to proceed crypto payment at AT&T, you can visit its official website or MyAT&T mobile app. A new bitcoin payment option can be seen to cover the bill with crypto than just traditional fiats.
This is the first of its kind in the telecom sector that a US’s largest wireless carries integrating cryptocurrency payment method. In a press release published on Thursday, Kevin McDorman, vice president, AT&T communications finance business operations, said;
“We’re always looking for ways to improve and expand our services. We have customers who use cryptocurrency, and we are happy we can offer them a way to pay their bills with the method they prefer.”
Bitcoin Closer to $8000
As soon as this news flourished on the web on May 22, the price of Bitcoin and other altcoins began showing the budding figures. At the moment, Bitcoin is valued at $7883.61 against the US dollar with a price gain of 2.83 percent over the past 24 hours. Moreover, the market cap of bitcoin is also very close to $140 billion, is currently ranked highest with $139,686,649,427 average trading volume.
Image Source – Coinmarketcap
Also read – Bitcoin [BTC] Going Above $7,950 will Start Another Breakout – Analyst
Besides Bitcoin, altcoins including Ethereum (ETH), XRP, Bitcoin Cash (BCH), EOS, Litecoin (LTC), Binance Coin (BNB), Tether (USDT), Stellar (XLM), Cardano (ADA) and many other reflecting the similar sentiment.
Image Source – Coinmarketcap
By announcing crypto adoption, AT&T joins a handful of other leading companies that are ruling the emerging crypto payments including Whole Foods, Starbucks and others. Nevertheless, many famous companies earlier announced to accept crypto first and later closed their crypto payment door – few such giants are Expedia, Rakuten and more.
Image source – Fortune
The post Bitcoin Nearing $8000 Citing Mass Bitcoin Adoption By US Largest Telecom Giant appeared first on Coingape.
Source: CoinGape

Bitcoin [BTC] has Entered ‘Re-Accumulation Phase’ Between $5800-$9700: Analyst

Several market indicators and factors affect the price movements (bullish or bearish), in which traders and miners manage their positions accordingly. However, one thing which the miners have to account for perpetually is the mining rewards.
Since it is decreased by half every four years, the miners must decide on how to run their set-up profitably in the future. This accounts for the supply of the system. Moreover, inflation is Bitcoin [BTC] will also reduce considerably as the production decreases. Currently, the inflation on Bitcoin is above 3.5%. All of this, in turn, affect the price greatly.
Bitcoin Price Analysis: ‘Halving’ Timelines on a Logarithmic Scale
The reduction in mining rewards is a periodic process designed by default in Bitcoin [BTC]. These are facts and principals that miners and traders all have knowledge of, and the market sentiments are guided by similar reasons every four years. Tuur Demister, the Co-founder of Adamant Capital, has established an analogy between the price action and halving timelines.
This analogy is slightly different from the ‘bull and bear cycle‘ which is estimated on a linear price scale as opposed to this one. Furthermore, the analysis is performed on a logarithmic scale.
Tuur Demeester’s Price Analysis Based on Halving Sentiments (Source Tweet)
The next Bitcoin halving is a year away, scheduled at some time on 22nd May 2019. Hence, this period, according to him, marks the re-accumulation period as the price broke above resistance and support from the previous bull cycle at around $5800-$6000 levels.
BTC/USD Price Analysis from Halving Sentiments (TradingView)
According to his analysis, $5820-$5850 was the resistance and support level that markets the accumulation period with the bottom. It also marks the resistance to the beginning of the re-accumulation period. Furthermore, the re-accumulation can be expected to extend for another year below the $9650-$9700.
Also Read: Bitcoin [BTC] Going Above $7,950 will Start Another Breakout – Analyst
However, the price had broken above the re-accumulation band in the previous cycle before the halving, which marked the beginning of the bull market. Moreover, the accumulation period was reduced significantly than the last time. Hence, if the sentiments were to continue, we could expect the beginning of a new bull run before the end of the next 12 months. The price is expected the trade in the re-accumulation zone until then.
Do you agree with the analysis or have viewpoints of your own? Please share your analysis with us. 
The post Bitcoin [BTC] has Entered ‘Re-Accumulation Phase’ Between $5800-$9700: Analyst appeared first on Coingape.
Source: CoinGape

Bitcoin [BTC]: Higher BTC price brings more BTC scams?

As the cryptoverse regains its lost shine with the recent bull run and welcomes a new breed of enthusiasts, the bad players in the market have amped up their efforts into conning the naive crowd. One of the upcoming scams in this light is the “digital wallets,” that are being identified and blocked on a daily basis. Pioneering this wave of stopping fraud is @LukasStefanko, who recently highlighted two apps on Google Play. The tweet read,
“Phishing “Trezor Mobile Wallet” app found on Google Play and pops as a second search result. This fake app was phishing for credentials, but still it couldn’t affect Trezor user funds, however it could be used for email phishing.”
The tweet consisted of screenshots that warned the crypto users to download the correct “TREZOR Manager” app, instead of the [fake] “Trezor Mobile Wallet” app.
Source: @LukasStefanko
@LukasStefanko further informed Twitter that the fake app was “connected” to “Coin Wallet” service which was another cryptocurrency wallet on Google Play with over 1,000 installs using the same source code and server.” He further informed the readers that  “Trezor Mobile Wallet & Coin Wallet were bought as wallet template for $40” and added a screenshot of the source code as a proof of his findings.
Source: @LukasStefanko
While the apps are still available for download, the recent finding ought to urge users to make use of legitimate sources for indulging in cryptoverse. Currently, Crypto Twitter is spreading the information in the hopes of reducing such scams that surface with BTC hype.
The post Bitcoin [BTC]: Higher BTC price brings more BTC scams? appeared first on AMBCrypto.
Source: AMB Crypto

Next Bitcoin Bull Run Will Be First Cycle Supported By Established Financial Firms

During the last Bitcoin bull run and crypto hype bubble peak, the industry struggled to keep up with the overwhelming demand. Exchanges had no choice but to shut down new user registrations, and new user accounts began being sold on the black market for full Bitcoins as eager retail investors scrambled to buy into the altcoin mania at the close of 2017.
After a brutal bear market, Bitcoin is starting to find its footing once again, and is showing the early signs that the next bull market could be underway. But unlike the last time around, this cycle will be the first ever bull run where more established financial businesses will be supporting Bitcoin, exposing the asset to even more investors and capital than in the past.
The Largest Financial Firms in the World Are Ready for The Next Bitcoin Bull Run
The last crypto hype bubble was highly publicized and showed the world just a glimpse of what potential Bitcoin and the rest of the cryptocurrency industry means for the future of money and finance.
Related Reading | Cameron Winklevoss on Crypto: Not Investing In the “Future of Money” is “Crazy”
The emerging financial technology garnered the attention and support of most major businesses, who are just now starting to either develop or roll out their crypto-based products and services to clients, or investing in building platforms for future use cases.

Those building & investing in crypto:
– Fidelity– Nasdaq– NYSE– Yale– Harvard– Fairfax County Pension– Founders Fund– Union Square– Amazon– JPMorgan– Starbucks– a16z– IBM– Facebook
Are you going to bet against the most successful companies & investors in the world?
— Pomp (@APompliano) May 22, 2019

The list is ever-growing, but even just the sampling provided by Morgan Creek Digital co-founder Anthony Pompliano shows the mix of tech and retail giants, financial firms, think tanks, and so many more.
As Bitcoin has found its bear market bottom and has made a golden cross on its price charts, signaling to investors that a bull market may be ahead, the industry has paused to reflect on the past bull run and imagine what the next one will bring. The one major difference from this cycle from the last? The support from these aforementioned well-established financial businesses.

The number #1 Finance app in the Appstore says it all.
Spend Cash, Buy Bitcoin.
This will be the first bull run when the most established financial business lets you buy bitcoin.
Buckle up. pic.twitter.com/axyea8jefa
— Misir Mahmudov (@misir_mahmudov) May 21, 2019

In an example provided by Bitcoin evangelist Misir Mahmudov, the #1 finance all in the Apple app store for iPhone is currently the Square Cash App, which tells its users to “spend cash, buy bitcoin.” Wise advice from an app store description.
The analyst’s comments underscore the importance of these major finance firms and the exposure to significant capital these businesses bring to the crypto industry.
Just Square Cash App alone has already begun to absorb as much as 10% of the Bitcoin supply miners are rewarded with each day, taking that supply out of the market and increasing demand.. Square Cash’s Bitcoin-based revenue trajectory has it devouring as much as 200% of that daily supply by 2020 if the firm stays on track.
Related Reading | Why The Next Bitcoin Bull Run Could Eclipse The Last Crypto Bubble
And that’s just one example of the many financial firms only dipping their toes into the crypto space. When these major players full jump in, they’re bound to make a big splash and take the next bull cycle to heights never imagined.
The post Next Bitcoin Bull Run Will Be First Cycle Supported By Established Financial Firms appeared first on NewsBTC.
Source: New feedNewsBTC.com

Bitcoin Futures still subject to final licensing requirements from the CFTC, says ErisX CEO Tom Chippas

Tom Chippas, the CEO of ErisX Digital, spoke about the current status of its Bitcoin futures contract, and commented on who was currently buying into Bitcoin, considering the rise of futures volume, during an interview with TD Ameritrade Network.
Chippas was aksed who he thought was buying Bitcoin, whether it was someone who was running a pension fund or a hedge fund, and whether there was a way to find out. To this, he stated,
“[…] Well, there’s no one place to find out, so to answer the second part of that first. But it’s definitely being done. What I would say is we have a market that’s still evolving specifically there’s a point in click, retail trading going on for sure […]”
He further stated that there were some institutional asset management, mainly hedge funds. According to the CEO, the main activity was taking place in the Over-the-Counter [OTC] trading platforms, where counterparties agree to trade individually and those trades “never print to tape anywhere”. Chippas went on to state,
“[…] one of the things we will be providing is a clearinghouse, allowing counterparts to agree that block trade and then that information would come into our market data. So, it would be available to the appropriate controls around it, much like is required in futures today […] it’s something that we would be bringing to spot crypto […]”
Chippas stated that ErisX’s spot market has been live for nearly a month and that the futures was still subject to “final licensing” requirements from the CFTC, adding that they were “at the late stages of those conversations.” Further, the CEO spoke about the drop of the XBT contracts, stating that there would be experiments, which would have different results. He added that the development of a robust spot market, which has a reliable price, was going to be important for multiple players.
 […] You need market players to provide inter-day liquidity. You need producer, hedgers, speculators and that’s what we’re trying to grow, trying to bring minors in as well as really give that fulsome market. So that you have price discovery happening not just on one side of the way but across multiple counterparts with different time horizons.”
The post Bitcoin Futures still subject to final licensing requirements from the CFTC, says ErisX CEO Tom Chippas appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin [BTC] trumps gold as choice of store of value among millennials, says President of ETF Store

In a recent interview with Bloomberg experts, Nate Geraci, President of ETF Store, while talking about the Bitcoin ETF approval, hinted that younger clients were moving towards Bitcoin citing better investments. He also acknowledged that the demand for investing in BTC had increased, when compared to Gold and said,
“When we talk to our younger clients, we have a core allocation in our portfolios and they’ll ask about that and say well, what about crypto?And if you talk to primarily millennials and ask them which they prefer, Bitcoin or Gold? its a landslide!”
This comes at a time when the battle between Bitcoin [BTC] and Gold in terms of value has been raging. Proponents of the cryptocurrency have proved that BTC is the next big thing in the market and have left no stone unturned in doing so.
CEO and Founder of Digital Currency Group, Barry Silbert, had launched an advertisement that took a dig at Gold and started the #DropGold campaign in an attempt to urge conventional investors to invest in Bitcoin, the ‘Digital Gold.’ Silbert claimed that the campaign aimed at attracting millennials to invest in Bitcoin, rather than Gold.
Gold, being the oldest store of value before the arrival of cryptocurrency, drove people to be reluctant about investing in BTC. This was a common notion among seasoned conventional investors in Gold, who put up a good fight against the king of cryptocurrency.
This debate has brought to light both the pros and cons of Bitcoin and Gold. While BTC has proven itself with respect to being a mode of payment, its volatility is unpredictable. Gold, on the other hand, is seen by many as a safer investment.
The post Bitcoin [BTC] trumps gold as choice of store of value among millennials, says President of ETF Store appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin [BTC] Going Above $7,950 will Start Another Breakout – Analyst

Bitcoin has been in a slight pullback for a few days now and those who have been watching the charts during this time may be confused as to the direction Bitcoin, and indeed the whole market is going next. A cryptocurrency trader known as DonAlt on Twitter has given some light on the market. He said the lead currency will see some light if it manages to rise to $7,950 from the current $7,842 price.
Bitcoin market chart from TradingView
When will this happen?
Bitcoin grew really fast especially in May, rising way above $8,000 and the crypto community expected a move towards $10,000. However, the market started pulling back in what seemed to be a crash, but analysts said was normal. At the time, the cryptocurrency was said to be growing too fast and needed to correct again before rising at a slower pace.
This seems to agree with DonAlt’s position as the cryptocurrency has eventually corrected but its growth has become significantly slower than before. Another analyst Josh Rager says the asset will be consolidating this week and great volatility should be expected on Friday, May 31st. This may eventually lead to a climb to DonAlt’s critical $7,950 price and the long-awaited recovery above $8,000 again.
A long-awaited rise
The initial price rise evidently raised the expectations of the crypto community and many Bitcoin holders cannot wait for the price to go up again. Not only that, altcoins were expected to rise with Bitcoin’s pullback but the current one has held down even the alts. The rise of Bitcoin is currently probably the only hope for the market and the entire space is looking forward to it.
The post Bitcoin [BTC] Going Above $7,950 will Start Another Breakout – Analyst appeared first on Coingape.
Source: CoinGape

Coinme Now Lets Consumers Buy Bitcoin at More Than 2,200 Coinstar Kiosks

Coinspeaker
Coinme Now Lets Consumers Buy Bitcoin at More Than 2,200 Coinstar Kiosks
On May 22 Coinme has expanded its services up to 2,200 Coinstar kiosks around 21 states of the USA. The digital currency kiosks are located in the grocery shops and allow to buy Bitcoins in the simplest way.
Coinme Now Lets Consumers Buy Bitcoin at More Than 2,200 Coinstar Kiosks

Continue reading at Coinspeaker
Source: CoinSpeaker

Bitcoin [BTC]: Binance research hints at ‘disruption with trading pairs’ as BTC pairs lose 38.9% market share

Binance exchange, even after its fair share of problems, has managed to retain its reputation throughout the cryptoverse. The cryptocurrency exchange recently released a research report that detailed the comeback of fiat-backed stablecoins, in terms of adoption and trading pair usage. It also highlighted the inevitable rise of many stablecoin-related projects that are aimed towards expanding the use-cases and reach of these coins, beyond USD barriers.
A comparison between the previous year and the current year’s 24 hour Quote Asset volume indicated the growing popularity of stablecoins on Binance.
Source: Binance
Quote asset volumes driven by stablecoins such as PAX, TUSD and USDC on Binance (denoted as USD(S)) recorded a 69% increase in the market share. Interestingly, the share of volume in BNB pairs also doubled during the same time period, making a jump from 0.69% to 1.41%. As a result, BTC pairs have lost almost 40% of its market share. The report attributed this change to the “introduction of several stablecoin pairs with new quote assets and base assets.”
Source: Binance
Out of all the trading pairs, USD Tether (USDT) saw the largest net inflow, with a total increase slightly below
$1 billion. Among the non-USDT stablecoins, USDC was the biggest gainer in circulating supply, seeing
an inflow of nearly 60 million USD in January. Out of other trending stablecoins, GUSD was the only stablecoin not to have an inflow in any of the four months, displaying a continual net redemption trend.
The post Bitcoin [BTC]: Binance research hints at ‘disruption with trading pairs’ as BTC pairs lose 38.9% market share appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin SV: Craig Wright’s legal battles to continue; Peter McCormack to mount legal defense soon

nChain’s Chief Scientist, Craig Wright, who was in the news after sending a barrage of legal notices to those who disputed his Satoshi Nakamoto claims and called him a “fraud,” may now be on the receiving end of one such legal notice. He may be receiving one from WhatBitcoinDid podcaster, Peter McCormack.
Referring to Wright as a “m**her**c*r,” McCormack stated that he is consulting “two of the top legal firms in the world,” and he will be proceeding, presumably, with legal action against Wright “within a week.” This follows the second legal notice that was served to the podcaster at the behest of Wright’s solicitors.
He tweeted,

RE: Craig Wright.
Sorry for the confusion. I have spoken with two of the top legal firms in the world this morning. I will instruct one within a week.
Let’s go get this m**he*fu**er!
— Dr. Peter McCormack (@PeterMcCormack) May 22, 2019
The dispute between the BSV camp and McCormack has been raging for over a month, with legal documents moving back and forth. On April 12, the podcaster first received a letter from Calvin Ayre, the gambling mogul, and Wright, instructing him to withdraw his tweets where he referred to Wright as a “fraud.” The letter also asked McCormack to apologize to the self-proclaimed Satoshi Nakamoto in open court
McCormack had responded,
“I believe that claiming to be Satoshi and promoting a fake version of Bitcoin is fraudulent. I believe this is in the public interest. Let’s go to court.”
Following McCormack’s non-response to Wright and Ayre’s initial legal charge, the duo’s lawyers sent another letter to the podcaster earlier this week. With the passing of the 16 May response deadline, the letter stated that they are “entitled to apply Part 12 of the CPR to request that an order for judgment in default be entered against you.”
The letter added,
“In the event that he obtains such an order, our client will be entitled to apply to the court for (a) an assessment of the damages that you must pay to him, (b) an injunction, (c) an order permitting a statement to be read in open court.”
McCormack initially stated that he “might not contest” the legal challenge against Wright since he did not want to give the nChain Chief Scientist any “satisfaction.” This led to a wave of criticism against the podcaster for his backtracking, with CNBC’s Ran NeuNer asking, “Is that what they teach you in Bedford?”
However, it now looks like McCormack is up to the legal challenge and is in pursuit of the right lawyers to do so.
Wright made news this week after he filed an application with the US Copyright Office to lay claim to the Bitcoin whitepaper and software. The US Copyright Office responded that his claim was in the “examination process.” However, since it is in connection with a pseudonym, they will not “investigate whether there is a provable connection between the claimant and the pseudonymous author.”
The post Bitcoin SV: Craig Wright’s legal battles to continue; Peter McCormack to mount legal defense soon appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Pullback Begins, Will BTC Drop to $6,000 This Time?

The long awaited crypto correction appears to have initialized today. After hitting resistance twice and failing to break it, Bitcoin has plunged back below $8k now as markets tumble. Analysts have been scanning the charts looking for support zones, and there are quite a few of them.
Bitcoin Slides 4 Percent
BTC has spent the past three days trading sideways at just below $8,000. Since its meteoric rally it has hit resistance at $8,300 twice and pulled back sharply twice. A weekend dump to $7k was quickly recovered but this time the decline looks more ominous.
During the morning’s Asian trading session Bitcoin fell 4 percent to an intraday low of $7,620. Unlike the previous minor correction when BTC dropped like a stone, this appears to be a more gradual descent which may continue until it finds support.
Crypto trader ‘The Cryptomist’ has been looking at the charts and has forewarned about this drop;
“Forewarned this drop earlier, and secured most of this month’s profits. I expect us to drop further and test support upon 7.4k region. 1D Rsi still needs to drop. If this support breaks, 6.8k is next regional support,”

$Btc
Forewarned this drop earlier, and secured most of this months profits. I expect us to drop further and test support upon 7.4k region 1D Rsi still needs to dropIf this support breaks, 6.8k is next regional support
Trade safe loveys pic.twitter.com/zek3UQY6mi
— The Cryptomist (@TheCryptomist) May 22, 2019

Bitcoin is still a long way above the 50 day moving average which currently lies just below $6,000. However it is the first time in a long while that the 200 day MA has actually turned upwards which is a bullish sign for longer term trends.
If the correction continues many are eyeing the $6,400 level as major support and some have predicted a 30% retracement. This was the most traded price in 2018 so a return to it does not seem to be too farfetched. Long term trader ‘CryptoFibonacci’ has zoomed the chart out a little and agrees that this is the region BTC is likely to settle;
“Close below the 10 ema on this chart (different because futures did not open until 2017). The area circled would fill the gap, btw. And, it would tighten up the Bollinger Bands. See what happens over the next few days or next week.”

$BTC Daily Chart. (non Futures).
Close below the 10 ema on this chart (different because futures did not open until 2017). The area circled would fill the gap, btw. And, it would tighten up the Bollinger Bands. See what happens over the next few days or next week.#BTC pic.twitter.com/Z1x9aV3m5Q
— CryptoFibonacci (@CryptoFib) May 23, 2019

A fall to the $6k region will still maintain the uptrend and provide ample opportunity for further accumulation. Bitcoin is currently trading down 6 percent on the week since last Thursday was the day it hit the 2019 high of around $8,300 according to Tradingview.
Today’s dip has dropped total market capitalization below $240 billion and the altcoins are getting punished as usual. Biggest losses at the time of writing are XRP, Stellar, Cardano, Bitcoin SV and IOTA. They have yet to detach themselves from the moves of Bitcoin as the crypto market cycles rinses and repeats.
Image from Shutterstock
The post Bitcoin Pullback Begins, Will BTC Drop to $6,000 This Time? appeared first on NewsBTC.
Source: New feedNewsBTC.com

Coinbase Commerce Enables USD Coin Payments

Coinspeaker
Coinbase Commerce Enables USD Coin Payments
Coinbase now enables merchants to accept USD Coin on Coinbase Commerce just like they accept cash in-store. All you need is to sign up. For existing users, no action is required.
Coinbase Commerce Enables USD Coin Payments

Continue reading at Coinspeaker
Source: CoinSpeaker

Bitcoin (BTC) Price Uptrend Pauses But Not Out of Woods Yet

Bitcoin price is currently under pressure below the $7,800 support area against the US Dollar.
The price declined recently and it is currently trading just above the $7,500 support area.
There is a major declining channel in place with resistance at $8,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could decline a few points and there might be a strong bounce from $7,420 or $7,200.

Bitcoin price is slowly moving lower towards key supports against the US Dollar. BTC is likely to bounce back from the $7,400 or $7,200 support levels in the near term.
Bitcoin Price Analysis
Recently, bitcoin price struggled to break the $8,100 and $8,050 resistance levels against the US Dollar. The BTC/USD pair failed near $8,050 recently and started a downward move below $8,000 and $7,940. The price is currently under pressure and it broke the $7,800 support area. It even traded below the $7,660 support level and the 100 hourly simple moving average. Finally, there was a break below the $7,600 support and a new swing low was formed at $7,516.
The price is currently consolidating, with an initial resistance is near the $7,780 level. It represents the 50% Fib retracement level of the recent decline from the $8,052 high to $7,516 low. Above $7,780, the price could test the $7,900 resistance level. Moreover, the 100 hourly simple moving average is close to the $7,900 level to prevent upsides. The 76.4% Fib retracement level of the recent decline from the $8,052 high to $7,516 low is also near the $7,925 level. Therefore, the $7,900 area could act as a strong resistance.
More importantly, there is a major declining channel in place with resistance at $8,000 on the hourly chart of the BTC/USD pair. On the downside, the main support is near $7,500, below which the price could test the $7,425 support area. Below $7,425, the price will most likely revisit the key $7,220 support area.

Looking at the chart, bitcoin price is currently facing an increase in selling pressure below the $7,800 support area. The price might correct higher, but sellers may remain active near the $7,780, $7,800 and $7,900 levels. On the downside, the bulls are likely to protect the $7,500 and $7,400 support levels. In the worst case scenario, the price could test the $7,220 support area before starting a solid increase.
Technical indicators:
Hourly MACD – The MACD is likely to move back in the bullish zone, with a few negative signs.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently below the 40 level, with a flat structure.
Major Support Levels – $7,500 followed by $7,425.
Major Resistance Levels – $7,780, $7,900 and $8,000.
The post Bitcoin (BTC) Price Uptrend Pauses But Not Out of Woods Yet appeared first on NewsBTC.
Source: New feedNewsBTC.com

Bitcoin [BTC] Price Analysis: BTC Drops to $7600; Pullback to $6500 or $10000?

Bitcoin [BTC] pulled back by 3.88% at the end of day on 22nd May 2019. The price plummeted from $7932 to test low at around $7500. The price of Bitcoin [BTC] at 4: 45 Hours UTC on 22nd May 2019 is $7665. The total market capitalization of Bitcoin lost about $5 billion.
BTC/USD 4-hour Chart on Coinbase (TradingView)
The altcoins also dipped taking a cue from Bitcoin [BTC]. Key support levels on Ether [ETH] at $250, Litecoin at $90 and XRP at $0.4 were also broken as altcoins dropped by more than 5%.
Bitcoin seems to be driving the sentiments of the cryptocurrency markets. The market dominance of Bitcoin over the cryptocurrency market is 56.8%.
On the 4-Hour Chart, Bitcoin is testing the ascending triangle trendline on the downside. However, it is still within the borders of the triangle. A break-out towards positive or negative, both is possible. A break above $8350 would be strongly bullish.
The RSI on the 4-Hour Chart is towards the over-sold region at 41. However, the price has moved below the 50-Day moving average which can be a bearish signal. The MACD is also diverging on the towards the downside.
BTC/USD Ascending Triangle (TradingView)
On a daily scale, the RSI is has moved in the neutral zone between over-bought and the over-sold region at 61. Nevertheless, the MACD seems to be converging after the bullish move cooled down, which might be a bearish signal.
BTC/USD 1-Day chart on Coinbase (TradingView)
On a weekly scale, the RSI is in the over-bought region above 70. The MACD is at 11.9, which is still diverging, hence seems bullish. On the weekly chart, the 100-Day Moving Average which Bitcoin [BTC[ could test on the downside is at $6637.
Where do you think Bitcoin [BTC] will break, towards a correction or the bulls? Please share your analysis with us. 
The post Bitcoin [BTC] Price Analysis: BTC Drops to $7600; Pullback to $6500 or $10000? appeared first on Coingape.
Source: CoinGape

Criag Wright Officially ‘Not Recognized’ as Satoshi; Sues Challenger on Twitter

The US Copyright Office caught wind of the recent events related to the Bitcoins Whitepaper Registration. Some media sources went as far as calling him ‘Satoshi Nakamoto’ with confirmation based on the fact the Copyright was granted to him.
Furthermore, the price of Bitcoin SV [BSV] went up by more than 100%; it rose from $61 to record a high of $135 in a jiffy.  It held more than 80% gains on the following day as well.
Also Read: Bitcoin SV [BSV] Holds 80% Gains; MIT License To Challenge Craig’s Copyright?
US Copyright Office Issues Press Release on the Bitcoin Copyright Registration
According to the press release by the US Copyright Office, while Craig Wright has officially sworn in at the office that he is, in fact, the original author and claimant of the Bitcoin White Paper,
 “The Copyright Office does not have an opposition procedure for copyright registrations, such as the procedures available at the Patent and Trademark Office for patents and trademark registrations. Disputes over the claims in a registration may be heard before federal courts, including disputes over authorship of a work. Someone who intentionally includes false information in an application may be subject to penalties.”
The US Copyright Office replied that especially in Bitcoin’s case in which a ‘pseudonym,’ or a fictitious name is used, which is common in literature and entertainment industry, they do not verify the claims.
“In a case in which a work is registered under a pseudonym, the Copyright Office does not investigate whether there is a provable connection between the claimant and the pseudonymous author.”
Craig Wright Sues Peter McCormack
Peter McCormack had earlier challenged Craig Wright’s claims saying he would fight till the end in a court to prove that Craig Wright isn’t Satoshi Nakamoto.
Craig Wright actually sued McCormack over the claims. According to the lawsuit, Craig Wright had filed a defamation case against Peter McCormack on 2nd May among other things. He is demanding a penalty and an apology in open court about refuting Craig’s claims that, he is Satoshi Nakamoto, the creator of Bitcoin. The details are not made public as they are sub judicial.
A new deadline for 24th May 2019 has been served to Peter McCormack under UK laws, to which McCormack has tweeted,
“RE: Craig Wright…I have spoken with two of the top legal firms in the world this morning. I will instruct one within a week. Let’s go get this motherf**ker!”
Crypto-Twitter seems to back Peter McCormack as they did during the fight with @hodlonaut. Pro-bono offers from lawyers and GoFundMe campaigns also began to support Peter against Craig in court. The drama will unfold in court in soon.
Do you think that proving Satoshi’s identity is detrimental for cryptocurrency markets? Will Craig Wright be successful in determining his claim? Please share your views.
The post Criag Wright Officially ‘Not Recognized’ as Satoshi; Sues Challenger on Twitter appeared first on Coingape.
Source: CoinGape