Every Wondered Why Satoshi Nakamoto Chose 21 Million as the Limit for Bitcoin?

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Every Wondered Why Satoshi Nakamoto Chose 21 Million as the Limit for Bitcoin?
As we inch closer to the next Bitcoin halving, it’s necessary to think about the specific design of the coin as done by Satoshi Nakamoto. Specifically, why was 21 Million the set figure for Bitcoin mining?
Every Wondered Why Satoshi Nakamoto Chose 21 Million as the Limit for Bitcoin?

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Source: CoinSpeaker

Bitcoin Price Approaches $10,000 as Total Market Cap Exceeds $300 Billion

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Bitcoin Price Approaches $10,000 as Total Market Cap Exceeds $300 Billion
Bitcoin price sets a new 2019 all-time high reaching $9,800. Also, the majority of the top 100 altcoins are in the green zone as the total market cap exceeds $300 billion.
Bitcoin Price Approaches $10,000 as Total Market Cap Exceeds $300 Billion

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Source: CoinSpeaker

Bitcoin Price Will Skyrocket in 2021, Here’s Why

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Bitcoin Price Will Skyrocket in 2021, Here’s Why
Next Bitcoin halvening is in May 2020 and we are expecting to see huge price increase in 2021. Bitcoin miners currently receive 12.5 BTC each time they successfully mine a block. By the end of May 2020 (the next Halvening) they will earn just 6.25 BTC.
Bitcoin Price Will Skyrocket in 2021, Here’s Why

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Source: CoinSpeaker

Bitcoin’s ‘supply shock’ ahead, scaling progressing rapidly, says VC

Bitcoin [BTC] has managed to eclipse altcoins this year posting major bullish waves as it was trading above $8,6oo following a surge of over 4% in the last 24-hours. BTC was approaching its Bitcoin block reward halving which is scheduled 342 days away, at the press time.
The recent market recovery revived institutional investor interest in the space. The digital asset’s imminent lowering of supply was speculated by many in the field as the reason behind driving up the coin’s demand. Echoing a similar sentiment, Alyse Killeen, the Founding Partner of StillMark Co. in the latest video, said,
“what I think might be happening is an anticipation of a coming supply shock in 2020 [..] we are also seeing a greater demand for Bitcoin and there is an anticipation that there will be a broader group of consumers that have access and appetite for Bitcoin”
The main flaw in the Bitcoin network that has been extensively debated is its scaling. Killeen believes that “scaling” is “one of the most exciting progressions of Bitcoin in the past year”. According to the U.S. venture capitalist, Lightning Network gained significant tandem and a “higher layer of infrastructure development” which was rapidly progressing.
Referring to its development of the Layer 2 solution, Killeen said that its quick adoption can be attributed to both early users as well as entrepreneurs building on top of the network.
Killeen further highlighted the sidechain development in the Bitcoin network and added,
“We are looking at the introduction of the side chain technology including Blockstream’s Liquid network which gives us a new breadth and depth of the use cases of the blockchain and finally advancements happening at Bitcoin’s core protocol level things like Schnorr or Taproot and 2017’s introduction of Segwit, all help us with the issues of scaling”
The post Bitcoin’s ‘supply shock’ ahead, scaling progressing rapidly, says VC appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Halving Will Trigger ‘Supply Shock’, Warns Venture Capitalist

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Bitcoin Halving Will Trigger ‘Supply Shock’, Warns Venture Capitalist
A Bitcoin halvening is a fixed event and will occur after every 210,000 blocks are mined, or confirmed, by the system. StillMark Capital analyst Alyse Killeen thinks that there will be even greater demand for Bitcoin.
Bitcoin Halving Will Trigger ‘Supply Shock’, Warns Venture Capitalist

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Source: CoinSpeaker

Bitcoin (BTC) Halving In A Year, Is LTC Setting the Pace?

Bitcoin (BTC) adds 6.1 percent
Ahead of next year’s halving, BTC is likely to inch higher

Tone Vays, a Bitcoin supporter and a former Financial Analyst at JP Morgan, is edgy of the current uptrend. BTC is ranging, and prices aren’t steady above $8,000. That’s what’s visible in the daily chart. Therefore, unless otherwise there is a break above $8,500 and later $9,100, BTC may topple below $7,500.
Bitcoin Price Analysis
Fundamentals
Thus far, it has been a perfect start for cryptocurrency investors. Recording double-digit gains over the last two quarters, Bitcoin is a standout. Even so, that is not deterring bears from hitting back and capping progress.
In the last three or so weeks, it is evident that prices are ranging inside a $1,000 zone. That’s a classic accumulation as this is printing in a clear bullish trend. However, since halving is next year, coinciding with a significant political event in the US, BTC investors are optimistic.
Already, the expectation of a favorable price repricing is prodding demand in Litecoin. Rallying above $130 at the time of writing, Litecoin, a protégé of Bitcoin designed purposefully to complement the network, is up five-fold after hitting rock bottom in mid-Dec 2018.
Behind this euphoric rally is August’s halving. If Litecoin, therefore, becomes a blueprint, odds are-and this happened before, BTC could surge to near highs.
Arthur Hayes, the CEO, and founder of BitMex said he his confident prices would surge to $50,000 by the close of the year. Ahead of BTC halving, the same may happen as many analysts concur on this possibility.
Candlestick Arrangement

While there is no reason to trust bulls as Tone Vays warns, BTC bulls have the upper hand. If anything, $8,000 is a psychological price tag and a vital level for traders. As a reminder, it is crucial for bulls to not only build the momentum required for thrusting prices above $8,500 and $9,000. Notwithstanding, priming this upsurge must be high participation.
That will be a litmus test gauging the strength of buyers, a prerequisite for a trend continuation. As it is, there is an opportunity for aggressive traders to buy the dips as long as BTC is above $7,500.
However, that will largely depend on the confirmation of the three-bar bull reversal pattern of June 4th through 10th. Ideally, the perfect entry is above $9,100. Such a break above May high would trigger the much-needed wave that could push BTC to above $10,000 and $12,000.
Technical Indicators
Trading volumes are shrinking despite the expectations of better prices. For trend continuation, trading volumes that would thrust prices above May high must usurp those of May 30th of 31k or even 47k of May 14th. Similarly, any liquidation below $7,500 must be with equally high trading volumes nullifying this trade plan.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
The post Bitcoin (BTC) Halving In A Year, Is LTC Setting the Pace? appeared first on NewsBTC.
Source: New feedNewsBTC.com

Bitcoin Halving: The Next Big Break in the Crypto Sphere

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Bitcoin Halving: The Next Big Break in the Crypto Sphere
Two years after the last bullish market, comes yet another era of Bitcoin Halving. A period during which the cryptocurrency price is anticipated to hit an all-time high.
Bitcoin Halving: The Next Big Break in the Crypto Sphere

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Source: CoinSpeaker

Bitcoin Price May Hit $30,000 in 2019, Fund Manager Explains Why

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Bitcoin Price May Hit $30,000 in 2019, Fund Manager Explains Why
Jehan Chu, co-founder of Kenetic Capital, predicts that Bitcoin price will reach the $30,000 mark by the end of the year.
Bitcoin Price May Hit $30,000 in 2019, Fund Manager Explains Why

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Source: CoinSpeaker

Bitcoin Halving is Less Than One Year Away: What to Expect from the New Bitcoin?

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Bitcoin Halving is Less Than One Year Away: What to Expect from the New Bitcoin?
The third Bitcoin halving is expected to take place in May 2020 with most people in the community confident that the price of BTC will soar from now until the event takes place.
Bitcoin Halving is Less Than One Year Away: What to Expect from the New Bitcoin?

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Source: CoinSpeaker

Bitcoin Intrinsic Value Debate: Anthony ‘Pomp’ Vs Shark Tank’s Kevin O’Leary

Bitcoin is back in mainstream news as it continues to outperform traditional assets. While BTC proponents continue to praise the technology, new-comers and fresh investors are back at attacking the asset stating it lacks utility.
Also Read: Will Bitcoin [BTC] Smash $10K Before the End of May? Analysts Predict So
Recently, one of the most popular Bitcoin supporter and founder of Morgan Creek Digital, Anthony Pompliano, and another celebrity VC, shark tank’s Kevin O’Leary locked horns at a CNBC interview for the same debate: Bitcoin’s value proposition.
Kevin O’Leary was absolutely against Bitcoin and cryptocurrencies which was evident in his choice of words for it which included B*ll Sh*t and Crypto Cr*ap, He said,
I see nothing here except raw speculation. Where is the intrinsic value inherent in deploying real money and putting it in Bitcoin? The regulators don’t like it… Where is the long term value?
According to O’Leary, Bitcoin is a ‘game’. Moreover, he also criticized the Bitcoin halving mechanism which reduces the value of mining rewards by half every four years. However, his criticism seemed to be coming from ignorance towards the system and lack of knowledge about it. He continued to bash Bitcoin as a glorified game.
Bitcoin Halving Countdown (Source)
However, Pompliano who is popularly known as ‘Pomp‘, who made the phrase Long Bitcoin, Short the Bankers famous held his conviction towards Bitcoin. He revisited the value propositions of Bitcoin due to its demand and supply economic system to which O’Leary seemed oblivious nonetheless. Pomp said,
“It’s a disruptive technology… Money is a belief system. So the only reason why you, and I use it because we belive it has value… Look at the volume. Look at the number of people using it.”
Furthermore, Pompliano went on to challenge the favorite saying of naysayers of ‘how regulators hate Bitcoin’. According to him, the regulators are actually coming around on Bitcoin because of its unified public ledger and transparency, which makes it very easy for tracking the movement of funds.
“I have interviewed a DA agent who came on and they would love for criminals to use Bitcoin over US Dollar and cash. Its much more traceable.”
Also Read: Bitcoin Futures Volume On CME Crosses $1.2 Billion; Is US-China Trade War Driving BTC?
Last but not least, Pomp also reiterated the fact Bitcoin is a “Non-correlated asymmetrical asset” that is must in your investment portfolio, more so ever, because the bull market is back. The institutions like Fidelity and Bakkt are coming for it as well. However, Kevin continued to doubt Pomp’s optimism dubbing it as “Garbaage” and said that he would entirely abstain from making any investment in it.
Which side are you on, the Bankers or Bitcoin? Please share your views on the debate.
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Source: CoinGape

Bitcoin [BTC]: Scaling and Halving will chart the course of Bitcoin’s next 100 years, predicts Cobra

Charting the course that Bitcoin will take has been an arduous task. With cryptocurrency’s first decade over, the next few years will determine the path Bitcoin will take for the coming century, given the importance of imminent events, claims the co-owner of Bitcoin.org, Cobra.
The pseudonym placed prime importance on the next “3 or 4 years,” that will spell the fate of the king coin and the larger coin market. Despite the surrounding issues of institutional interest, the waves of adoption and governments taking aim at the decentralized currency market, Cobra highlighted two key drivers.
His tweet read,
“The next 3 or 4 years will determine whether Bitcoin will last and thrive for the next 100 years. The halving as well as hitting the limits of the current block sizes bringing scaling back to the forefront with more controversial hard/soft fork proposals. Will be turbulent times.”
From an internal protocol perspective, the Bitcoin.org co-owner stated that halving and block size limit will be key issues on the table.
Bitcoin is set to undergo its third halving in May 2020, which will bring down the mining rewards to 6.25 BTC per block mined. Based on historical analysis, the precursor to the imminent mining is a rise in price, three months to one year prior to the scheduled halving.
Further, CoinMetrics, in their recent study concluded that in addition to the precursor pump, Bitcoin will reach its “local peak” 18 months after the halving, evidencing the previous two halving cycles. Based on the CoinMetrics chart, this “peak” would manifest in late-2021, well within the period Cobra specified.
The debate around Bitcoin’s block size has been raging for several years now, leading to fault lines within the community. Cobra has often been at loggerheads with several proponents on the issue of BTC’s block size. Bitcoin Cash [BCH] and Bitcoin Satoshi’s Vision [BSV] are two notable examples of an increase in the BTC block size leading to hardforks.
On the opposite end of the spectrum, Cobra voiced displeasure with “soft forks,” which, in the co-owner’s opinion, is “a hard fork in all but name.”
Earlier in the year, when Luke Dashjr proposed an idea to reduce block size and Bitrefill CCO John Carvalho chimed in with support, Cobra immediately hit back, calling such forks “contentious.”
The effect, in his opinion, would be,
“This will split off from the established consensus, cause massive drama, and damage trust in Bitcoin.”
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Source: AMB Crypto

Litecoin [LTC] to peak only after 2021; halving may not shoot up coin’s prices in the near term

The debate of cryptocurrency halving and the impact on its price has been a long-standing one. The virtual assets’ industry is still in its formative years. Even as there are many speculations regarding the halving event and its impact on the price of the digital asset, facts provided to back up those speculations are not concrete enough.
With Litecoin [LTC] halving is right around the corner, let’s try to connect some dots. But before proceeding any further, it is important to know what halving is and what prompted the Bitcoin creator to build this system.
Satoshi Nakamoto created Bitcoin to function in ways that would imitate the process of gold mining. A system that would be self-sustaining. In the mining process, BTC miners race against other miners by running huge mining equipment to solve a cryptographic puzzle. The first miner to solve the algorithm validates the transaction which results in a block formation in the transactional ledger. The miner is rewarded with newly minted Bitcoins and this is how fresh Bitcoins are introduced into the system. Currently, following the two subsequent Bitcoin Halving, the miner receives a reward of 12.5 BTC.
Bitcoin Halving takes place every four years. 
The total number of Bitcoin is limited to 21 million, hence, it can be stated that Bitcoin works on a system of controlled supply. With every 210,000 blocks creation, the mining reward is cut into half. During the first 210k blocks in 2012, the mining reward reduced from 50 BTC to 25 BTC. Currently, the reward stands at 12.5 after the second halving in 2016.
Satoshi Nakamoto explained:
“The fact that new coins are produced means the money supply increases by a planned amount, but this does not necessarily result in inflation. If the supply of money increases at the same rate that the number of people using it increases, prices remain stable. If it does not increase as fast as demand, there will be deflation and early holders of money will see its value increase. Coins have to get initially distributed somehow, and a constant rate seems like the best formula.”
Why is Halving important?
The idea behind its introduction was to keep inflation in check. The traditional fiat currency has many drawbacks. One of the most significant is that these are controlled by central banking establishments which can print as many new currencies as they want.
Bitcoin is called the “Digital Gold” because the virtual currency is intended to imitate the commodity. Gold has a limited supply in the world. Extracting the remaining gold becomes more difficult after every gram of gold that is mined. This limited supply of the commodity has been able to maintain its demand and store of value for over 6000 years.
Market History:
PlanB Holdlonaut predicted:

#bitcoin halving chart: $3500 touchdown at trend-line … thing will get interesting from here (blue -> red ->orange) pic.twitter.com/trm27PxJSw
— planB hodlonaut (@100trillionUSD) December 18, 2018

If the above chart is to be taken into account, by the end of 2019, Bitcoin will surpass $8,000 thriving to a higher point next year. Price is bound to climb up as demand increases when supply falls short. However, the price will increase gradually. One, because only gradual and no sharp changes in its valuation has been observed in the past Halvings.
Bitcoin was trading around $13 throughout the latter part of November 2012 when the first Halving was scheduled. The price surge to $230 shortly after the event, was speculated to be fueled by the post-Cyprus bailout.
By the second halving event, the king coin was trading above $650. Historical patterns are yet to paint a conclusive picture. 
Below are some of the PoW-based altcoins hatched after Bitcoin, which underwent halving.
NameCoin [NMC]:
Source: CoinMarketCap
First halving in December 2014.
During the one-year analysis for NMC’s, which is one of the oldest coins, prices soared exactly one year before the scheduled halving date and continued to post gains, although not significantly. However, the prices fell shortly after and continued to decline even as the halving approached.
Source: CoinMarketCap
Second halving in October 2018.
According to the above chart, exhibited a steady increase in its price, after October 2017 [one year before the scheduled halving]. The price gradually increased but peaked to a three-year high only in January 2018. The chart showed considerable fluctuations as the halving event approached nearer but fell flat right after October 2018 [the scheduled halving date].
Dogecoin [DOGE]:
Source: CoinMarketCap
First halving in February 2015:
Prices shot up exactly one year before the scheduled halving but failed to maintain the upward momentum and tanked after the event.
Verge [XVG]:
Source: CoinMarketCap
First halving May 2018:
Verge or XVG went on a historic bull run along with its crypto peers. However, XVG declined even as the highly anticipated halving approached. Right after the event, XVG, crippled with security and privacy issues, losing 95% of its value.
Patterns:
A similar pattern can be noticed in both the altcoins DOGE and NMC, which exhibited a surge but failed to project any impressive rallies post halving. Unlike the above altcoins, BTC and LTC have witnessed significant surges after the event.
Litecoin is a fork of the Bitcoin core client, hence, the two virtual currencies share several notable similarities.
RSI Behavior:
The Relative Strength Index [RSI] is used as the indicator measures the speed and price movement trends of a chart.
Source: TradingView
According to the above chart, between the time period of 2012-2015 and 2015 – 2019, each cycle hit its bottom before the two scheduled halvings. Bitcoin peaked only after the fact. It can also be inferred that the time span from the bottom to halving was equivalent from the event to the time taken by the coin to reach its peak.
Another notable pattern that can be drawn from the chart is that the time taken by the crypto-asset trading at the bottom to hit the high was longer in the second cycle.
If the coin continues to follow the trait, then the next high will be attained by Bitcoin only after its third halving. The bottom for the cycle post, second halving, was found between Dec 2018-Jan 2019.
After speculating on the limited data available, a similar pattern was observed for the first halving of its silver counterpart. The coin hit its lowest right before the first halving then gradually climbed back to the highest point of the cycle after a period of low volatility.
Source: TradingView
The Litecoin Reward-Drop ETA is scheduled for 6 Aug 2019.
After the first halving event on Aug 25, 2015, LTC topped after nearly two years after posting steady gains. Another significant factor for the cycle 2015 to 2019 observed is an increase in the lengths of the bull runs, i.e., longer time taken to hit the high for both the BTC charts. This was also observed in the LTC chart where the subsequent bear markets were longer. Hence, a longer length in the bull run, than the first cycle, can be safely expected for LTC’s second halving.
Conclusion:
From the above data, it can be assumed that Litecoin price starts to gallop higher, months before the halving. It’s safe to conclude that the fifth largest cryptocurrency has a probability that it might peak only after 2021 while maintaining a steady course in its valuation. In addition, halving acts as a midpoint for BTC’s bullish trendlines which implies that the halving takes place at the midpoint of the ongoing trend. However, in the case of LTC, the halving happens at the one-third point of the on-going trend.
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Source: AMB Crypto

Bitcoin [BTC] will surpass its all-time high because of upcoming halving and institutional investors, says Brian Kelly

Bitcoin [BTC], the largest cryptocurrency by market cap, continues to be in the news after the cryptocurrency’s unanticipated double-digit rise earlier this month. The cryptocurrency also seemed to be sustaining its price post-surge quite well. This, in turn, resulted in several cryptocurrency market analysts opining on what they think will happen next.
On one hand, Tone Vays, a Bitcoin trader, presented two outcomes, first, with a bottom line of $3000 and a high point of $8000, and second, with a high point of $8000 or $10,000 without a drop. On the other hand, Brian Kelly, CEO of BKCM, affirmed that this was indeed Bitcoin’s resurgence, stating that the December 2017 lows were “probably” the lows for this cycle, in an interview with CNBC.
This was followed by Kelly explaining why he thinks Bitcoin has “probably” bottomed, stating that there are a “couple of things” going on. He listed the increasing number of active addresses, transaction levels, and network activities as some of the few reasons.
“[…] active addresses, that’s one of the big metrics I look at, that’s up 26% from the January lows, […] transaction levels those are back to 2017 levels, so there’s a lot of network activity. Then, you look at who’s buying this you’re seeing people like Fidelity still rolling out their institutional platform […]”
He also spoke about CME Bitcoin Futures, which recently made headlines after it recorded its all-time high. He said,
“[…] then as a proxy look at the CME Bitcoin futures, the large open interest holders well so these are big institutions those are at all-time highs […] so you’re starting to see institutional investors come in here with a good fundamental tailwind and that’s got Bitcoin back and back in the saddle again”
Kelly further stated that Bitcoin will see record highs “without question,” adding that it’s going to be a two-year cycle. He explained that since Bitcoin’s supply is going to be cut in half in 2020, the cycle for the currency is usually a year prior, to a year after. He stated that this two-year period would likely “get this big upswing, especially if more institutional investors enter the market. Kelly also claimed that Bitcoin will surpass its all-time high mark.
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Source: AMB Crypto

Bitcoin’s [BTC] cost of block production will eventually exceed its reward when it halves, says Daniel Larimer

Bitcoin [BTC], the largest cryptocurrency by market cap, continues to be one of the most controversial topics in the crypto-space. It is now in the headlines following the statements made by Daniel Larimer, the Co-founder of blockchain Steem and the CTO of Block.one.
The Co-founder spoke about Bitcoin having, a term that refers to the halving of Bitcoin mining reward after every 210,000 blocks are mined, on Twitter. The CTO stated that the cost of block production would be more than its reward after the halving.
Daniel Larimer said,
“As #bitcoin halves eventually the cost of block production will exceed rewards. Demand for transactions will be the sole driver for block production and bitcoin will become more decentralized… if only the difficulty could be bought down so hardware advantages are neutralized.”
The reward for mining each block was previously at 50 BTC. However, in line with the Nakamoto consensus, this reward would decrease by half roughly every four years, i.e., after 210,000 blocks are produced. The first halving event occurred in 2012, with the reward decreasing to 25 BTC per block produced.
The current reward is 12.5 BTC per block produced, with the cycle starting in 2016. The next halving is set to take place in 2020, following which the block reward would be cut to 6.25 BTC. This cycle will continue until all 21 million Bitcoins are mined, which is speculated to take place around 2140.
HotelCryptofornia, a Twitter user, said,
“From early as 2013, Bitcoin mining was already out of the reach of the common citizen with a PC left running overnight to further decentralize the network. Power over the network was concentrated as a result. It has gotten worse ever since and is almost unrecognizable now.”
Slipstream, another Twitter user, commented,
“What i foresee is a possible reduction in block time so more transactions go through as the reward tends to zero. Ultimately the network will have to run purely on tx fees and block times wont be as important as they are now.”
Notably, this was not the first time Larimer has taken potshots at Bitcoin. Previously, he had claimed that he could take down Bitcoin [BTC] and Ethereum [ETH] for “quite some while” with just three pool operators. He was criticized for the same on social media.
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Source: AMB Crypto

Bitcoin [BTC] Price Analysis: RSI Trendline Indicator Supports This Major Fundamental Analysis

Bitcoin breaks below the $4000 down mark, dragging the cryptocurrency market along with it. The total market capitalization of cryptocurrency markets also broke below the $140 billion mark.
The price of BTC at 5: 00 hours UTC on 26th March is $3965. It is trading 1.5% lower on the daily scale. Bitcoin has built strong support near $3850, a break from that could revive the bears of 2018.
Bitcoin Halving To Affect the Price?
The traders seem to be sending mixed signals. The ‘halving of Bitcoin,’ an event that will reduce the mining rewards by half occurs every four years. It was designed by Satoshi Nakamoto in such a miner to induce deflation in the system. As the mining reward is reduced to half, it is expected that the price of Bitcoin must increase to maintain parity between demand and supply.
Bitcoin halving event has occurred twice since 2009; First in Nov 2012 and the second in July 2016. The original miner reward was set at 50 BTC. The reward for mining a block currently is 12.5 BTC. The estimated halving date this time is 23 May 2020 post which the reward for mining a block will be reduced to 6.25.
Nevertheless, the price of Bitcoin during the second halving was $677. The price of Bitcoin is currently $3965. Hence, it has already risen five times its value since the previous halving but the difficulty has also increased considerably. We’re almost a year away from halving, and the miners are already at the brink of making a loss. Hence, to create a sustainable system, the price must compensate for the reduction in miner rewards.
The RSI Indicator
The RSI indicator is a momentum oscillator; The signal primarily oscillates between 70 (Over-bought) and 30 (Over-Sold). Bitcoin (RSI – 50) is currently neither in the over-bought region not in the over-sold territory. However, the long term RSI history of Bitcoin suggests that the bottoming is still a possibility.
If cue from history and Bitcoin is assumed to be in the accumulation zone, the RSI index during this period is expected to be towards the over-sold region before the beginning of a bull-season. Hence, assuming a long term bullish action, the price might see a further downtrend before towards over-sold region before the bull action really starts to take control.
Long Term RSI chart of BTC/USD ( Investing Scope from Trading View)
The long term optimism around Bitcoin deters the HODLER’s from changing their position. Moreover, the Hodling strategy has more often than not yielded stable returns. While the price seems to continues to consolidate around the $3900-$4000, the sideways action on Bitcoin could move either way.
The post Bitcoin [BTC] Price Analysis: RSI Trendline Indicator Supports This Major Fundamental Analysis appeared first on Coingape.
Source: CoinGape