Kintaro Capital Receives License from Malta Financial Services Authority as a Private Investment Crypto Fund

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Kintaro Capital Receives License from Malta Financial Services Authority as a Private Investment Crypto Fund
Kintaro Capital is one of the first EU crypto funds who received their license from the Malta Financial Services Authority (MFSA), licensing it as a Private Investment Fund (PIF) for cryptocurrencies and listed equities.
Kintaro Capital Receives License from Malta Financial Services Authority as a Private Investment Crypto Fund

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Source: CoinSpeaker

Bitcoin (BTC) Price Signaling Additional Losses Below $3,900

Bitcoin price failed to surpass the $4,000 resistance level and declined against the US Dollar.
The price declined sharply and broke the key $3,940 support area to enter a bearish zone.
Yesterday’s highlighted major bearish trend line is intact with resistance at $3,950 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair traded towards the $3,850 support and it is currently higher towards key resistances.

Bitcoin price declined below important supports near $3,940 against the US Dollar. BTC might correct in the short term, but sellers are likely to protect gains above $3,940.
Bitcoin Price Analysis
After multiple failures near the $4,000 resistance, bitcoin price started a sharp decline against the US Dollar. The BTC/USD pair formed a swing high near $3,980 and later declined below the key $3,940 support area. Sellers gained control and the price even broke the $3,900 support level. The price traded to a new weekly low at $3,855 and settled well below the 100 hourly simple moving average. Later, the price started an upside correction above the $3,900 level.
The price cleared the 23.6% Fib retracement level of the recent decline from the $3,978 high to $3,855 low. However, the price is currently facing resistance near $3,920. It represents the 50% Fib retracement level of the recent decline from the $3,978 high to $3,855 low. In the short term, the price might correct above the $3,920 level. Having said that, there is a strong resistance near the $3,940 and $3,950 levels.
Besides, yesterday’s highlighted major bearish trend line is intact with resistance at $3,950 on the hourly chart of the BTC/USD pair. The 61.8% Fib retracement level of the recent decline from the $3,978 high to $3,855 low might also prevent gains near $3,930. Therefore, if the price corrects higher, it is likely to face a strong resistance near $3,940 and $3,950. A proper close above the $3,950 resistance plus the 100 hourly SMA is must for a decent rebound towards $4,000.

Looking at the chart, bitcoin price clearly moved into a bearish zone below the $3,940 support level. On the downside, an immediate support is at $3,880, below which the price is likely to revisit the $3,850 support. If there are more losses below $3,850, the next stop for sellers could be $3,800. On the upside, the main resistance is at $3,950, above which there are chances of a fresh increase.
Technical indicators:
Hourly MACD – The MACD moved back in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD recovered recently, but it is still well below the 50 level.
Major Support Levels – $3,880 followed by $3,850.
Major Resistance Levels – $3,930, $3,940 and $3,950.
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Crypto Market Back In Red: Litecoin (LTC), BCH, TRX, ADA Price Analysis

The total crypto market cap failed to move above the $134.0B resistance and declined heavily.
Litecoin (LTC) price moved down and broke the $62 and $60 support levels.
Bitcoin cash price is down more than 4% and it recently broke the $160 support level.
Tron (TRX) price declined recently, but it is still above the key $0.0220 support.
Cardano (ADA) price is currently consolidating above the $0.0600 support level.

The crypto market cap declined heavily, with strong bearish moves in bitcoin (BTC) and Ethereum (ETH). Ripple, litecoin (LTC), bitcoin cash, TRX, XLM and ADA are likely to struggle in the short term.
Bitcoin Cash Price Analysis
Bitcoin cash price failed to clear the $165 resistance recently and declined against the US Dollar. The BCH/USD pair started a downside move and broke the $162 and $160 support levels. The price is down more than 4% and it seems like it could accelerate losses towards the $158 or $155 support levels.
On the upside, an initial resistance is near the $162 level. If there is an upside break above $162, the price is likely to revisit the key $165 resistance area in the near term.
Litecoin (LTC), Tron (TRX) and Cardano (ADA) Price Analysis
Litecoin price performed really well this past week and traded above the $60 and $62 resistance levels. However, the price struggled to remain in a positive zone and it recently declined below the $60 support. LTC price may continue to move down and it could retest the $55 support level.
Tron price struggled to clear the $0.0230 resistance level and it recently declined. TRX price is down around 2%, but it is still trading above the $0.0222 and $0.0220 support levels. On the upside, the main hurdle is near $0.0230 and $0.0232.
Cardano price climbed higher in the past few days above the $0.0550 and $0.0580 resistance levels. ADA price even broke the $0.0600 resistance and it is currently consolidating gains. The next move could either be towards $0.0550 or $0.0650 in the near term.

Looking at the total cryptocurrency market cap hourly chart, there was a slow and steady decline from the $134.0B resistance level. Later, the market cap declined below the $132.1B support, opening the doors for more losses. It declined below $130.0B and tested the $129.0B level. It is currently correcting higher, but upsides are likely to remain capped near the $131.5B and $132.0B levels. There is also a crucial bearish trend line in place with current resistance at $132.1B on the same chart. Therefore, upsides in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, TRX, XMR, XLM and other altcoins are likely to face a lot of hurdles in the near term.
The post Crypto Market Back In Red: Litecoin (LTC), BCH, TRX, ADA Price Analysis appeared first on NewsBTC.
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Bitcoin (BTC) Drops Below 4,000 After Approaching Historical Resistance Level

Bitcoin has broken below its recently established trading range between roughly $4,000 and $4,100 that was formed a couple of weeks ago. Although BTC has been somewhat stable as of late, this lack of major volatility should not fool traders as the cryptocurrency typically makes a large price swing after long bouts of sideways trading.
Now, Bitcoin is beginning to push up against a key resistance line that the cryptocurrency has failed to break above on multiple occasions over the past year.
Bitcoin (BTC) Drops Below $4,000 as Key Resistance Level Holds 
At the time of writing, Bitcoin is trading down 1.5% at its current price of $3,960 and just recently dropped below its key support level that had been previously established at approximately $4,000.
Over the past week, Bitcoin has been coiling tightly within approximately $4,000 and $4,050 before dropping today. Despite today’s drop being relatively small, the recent lack of volatility will likely be fleeting, as BTC has historically made some of its largest price swings after extended periods of sideways trading.
Tim Kelly, the founder and CEO of cryptocurrency trading platform BitOoda, recently spoke to MarketWatch about where he sees the markets heading next, and importantly noted that he believes BTC will “probe” its previously established resistance level at $4,200.
“BTC’s feel at the very moment is that it wants to probe the recent highs and see how strong the resistance is sitting at the $4,200 level… Unless large buying volumes come into the market, probing is all we shall see at that resistance level. We believe it will take a serious force of buying to take those levels out to the upside,” he explained.
$4,200 was established as a key resistance level in late-February when BTC surged from roughly $3,600 to highs of $4,200, before swiftly spiraling downwards to $3,800.
Bitcoin Rejected at Persisting Resistance Level 
Although Bitcoin is somewhat stable at its current price, BTC is now nearing a key resistance level that has persisted for the past year and has never been successfully broken above since the crypto dropped from its highs of nearly $20,000 in late-December of 2017.
GPas, a cryptocurrency analyst on Twitter, pointed to this resistance level in a recent tweet, facetiously saying that “this time will be different.”

"This time it's different" $btc pic.twitter.com/urjy9nexBU
— GPas (@GarryPas) March 25, 2019

Assuming that this resistance level does hold for the foreseeable future, it could lead Bitcoin’s price back towards its 2018 lows of $3,200, which bulls must ardently defend or else significantly further losses could be in store.
As the week continues on and trading volume possibly increases, traders and analysts alike may discover whether or not BTC is able to break above the aforementioned resistance level, which could set the tone for which direction the entire crypto markets are heading next.
Featured image from Shutterstock.
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Bitcoin [BTC/USD] Price Analysis: Prices side with bulls in short-term, long-term still in turmoil

Bitcoin [BTC] briefly broke the $4,000 sentiment level yesterday. However, it dipped back and was trading at $3,966 at press time. The market cap of Bitcoin was hovering around $70 billion, with a 24-hour trading volume of $9.19 billion.
Most of the trading volume of Bitcoin usually comes from BitMEX exchange via the trade of Bitcoin perpetual contracts against the US Dollar. However, the trading volume of BTC contributed by BitMEX has reduced in recent weeks as it contributed only $469 million, which is 4% of the total Bitcoin trade volume.
FCoin exchange is the top contributor as it contributed $644 million in terms of trading volume via the trading pair ETH/BTC, which is 5.50% of the total trading volume.
1-hour
Source: TradingView
Bitcoin, on the one-hour chart, showed an uptrend that extended from $3,689 to $3,957, while the downtrend extended from $4,163 to $4,039. The prices were testing the immediate support at $3,953. Subsequent supports were seen at $3,848 and $3,696.
The Parabolic SAR markers spawned below the price candles and indicated that the price trend reversed and was headed upwards, whixh was a bullish signal.
The MACD indicator showed a bullish crossover below the zero-line. The MACD histogram on the one-hour chart showed green bars developing in tandem with the crossover.
The Relative Strength Index hit the 60-line and started its descent and was at the 50-line at press time, indicating an equal momentum between the sellers and the buyers.
1-day
Source: TradingView
The one-day chart of Bitcoin showed no signs of an uptrend, however, the downtrend extended from $9,800 to $4,056. The price of BTC bounced off the support at $3,189 on December 15, 2018. The immediate resistance was at $4,056, and subsequent resistance points were at $7,641, and $9,800.
The Aroon indicator showed the Aroon up line and Aroon down line collapsing. This indicated a consolidation movement that BTC was undergoing at press time.
The Stochastic RSI hit the oversold zone and showed a collapsing trend, which passed below the 50-line. This presented a bearish movement for Bitcoin in the longer timeframe.
The Chaikin Money Flow showed a rising trend, which meant that the money flowing into the Bitcoin market was high.
Conclusion
The one-hour chart showed a bullish trend for Bitcoin, which was confirmed by the Parabolic SAR, MACD, and RSI indicators. Unlike the one-hour chart, the one-day chart showed a consolidation phase for Bitcoin as indicated by Aroon, Stochastic RS, and CMF indicators.
The post Bitcoin [BTC/USD] Price Analysis: Prices side with bulls in short-term, long-term still in turmoil appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin (BTC) Dominance Drop to 50 Percent, will Sell-off Boost Altcoins?

Bitcoin Prices slumping
Solactive and CMC launching two crypto indices
Transaction volumes less than half those of late Feb

CMC in partnership with Germany’s Solactive will launch two crypto indices. Data broadcasts will be from several terminals including Bloomberg’s GDIS and Börse Stuggart. With information based on performance, Bitcoin (BTC) traders will be better equipped and trade accordingly.
Bitcoin Price Analysis
Fundamentals
At the time of writing and drawing data from CoinGecko, Bitcoin enjoys a dominance of 50 percent with a market cap of roughly $69,994 million. If anything, this points to uncertainty. All the same, we expect prices to stabilize in coming few days. With better tools to gauge volatility and influence of BTC, predicting price moves and measuring sentiment has been made easy with news of CoinMarketCap collaboration with Solactive.
The two plan to launch two crypto indices. One, CMC Crypto 200 Index (CMC200), will collect price movement data of the top 200 crypto assets weighed by market capitalization including Bitcoin.  The other–CMC Crypto 200 ex BTC Index (CMC200EX) — won’t and helps in tracking the general performance of crypto assets without the influence of Bitcoin. Interested firms can draw data from Global Index Data Service (GIDS) of NASDAQ, Börse Stuggart, Refinitiv of Reuters and the Bloomberg Terminal.
Candlestick Arrangement

Bitcoin Prices are hovering at last week’s close. From the chart, it is clear that sellers have the upper hand and if bears manage to drive prices below the 20-day moving average, then BTC may collapse.
As we can see, we have a three-day bear reversal, but bulls are firm as prices are trading above $4,000 and Mar 16-21 lows. That’s roughly the 31.8 percent Fibonacci retracement level of Feb 24 high low and a region of interest as laid out in our last BTC/USD price analysis.
If prices sink below $4,000, aggressive traders should unwind their longs and wait for pullbacks above Mar 16 highs at around $4,200. At the same time, risk-averse, conservative traders should wait for full breaks above $4,500 as prices break free from the $1,300 of the last four months.
Technical Indicators
Mar 16 bull bar is our base bar. With decent volumes—13k, which is still lower than those of Feb 24—36k, bears are yet to reverse its gain. As aforementioned, any drop below $4,000 or the 20-day MA with high volumes above 13k could trigger a sell-off towards $3,800 forcing liquidation of longs. If not and there are counter bars driving prices above $4,200 with equally high volumes, then traders should brace themselves for a rally towards $6,000.
Chart courtesy of Trading View
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Bitwise: 95% Of Reported Bitcoin Trading Volume Is Fake

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Bitwise: 95% Of Reported Bitcoin Trading Volume Is Fake
While many use CoinMarketCap as a go-to resource for cryptocurrency market data, roughly 95% of Bitcoin trading volume reported by this website is fake, according to Bitwise Asset Management report.
Bitwise: 95% Of Reported Bitcoin Trading Volume Is Fake

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Source: CoinSpeaker

Facebook’s Facecoin Set to Replace the U.S. Dollar, Not Bitcoin: Kik CEO

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Facebook’s Facecoin Set to Replace the U.S. Dollar, Not Bitcoin: Kik CEO
In a blog post, Kik Ceo Ted Livingston explained how Facebook’s coin may replace the US dollar as the global reserve currency.
Facebook’s Facecoin Set to Replace the U.S. Dollar, Not Bitcoin: Kik CEO

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Source: CoinSpeaker

Bitcoin [BTC] and Bitcoin Cash [BCH] no longer payment options on streaming site Twitch

Twitch, the popular live streaming video platform, quietly removed the option to pay using Bitcoin [BTC] and Bitcoin Cash [BCH] from its platform. This piece of negative adoption flies in the face of a wave of crypto-adoption in several industries.
Initially spotted by a member of Bitcoin’s Reddit community, the concerned user pointed out that subscriptions could not be paid for via virtual currencies. StreamLabs, a broadcasting software for live stream management, also removed the option to pay with virtual currencies.
According to the Reddit post, the video streaming service was facilitating crypto payments through the Bitcoin payment service, BitPay. The post added,
“They removed it in the last couple of weeks as a payment method for all countries. Negative adoption strikes again unfortunately.”
Given below is an Imgur post detailing a user’s subscription cancellation, after he paid for it using Bitcoin Cash,
Source: Imgur
The development was met by a wave of disapproval against Twitch, with some calling for a boycott of the streaming service. While many have speculated about the reasons behind this development, the most realistic seemed to be a lack of awareness about the cryptocurrency payment option and its low transaction volume.
Some users called this lack of awareness a “vicious cycle,” where companies introduce a cryptocurrency payment option quietly, without notifying the community. As transaction volume drops, the same option is then quietly removed.
In May 2018, Twitch began accepting payments in cryptocurrencies. Initially, a slew of coins such as Bitcoin, Bitcoin Cash, Ethereum [ETH] and Litecoin [LTC] were accepted.
The larger implications of this delisting must be noted. Twitch is a subsidiary of the e-commerce behemoth, Amazon, following the latter’s acquisition of the former in 2014 for around $950 million. As of February 2018, the video streaming service had 2.2 million broadcasters with 15 million unique viewers a day, and 140 million a month.
Other notable websites that removed or suspended the cryptocurrency payment option from their respective platforms recently include, Expedia, the travel booking site and Chess.com, the online chess-portal.
Bitcoin’s Reddit community was enraged by Twitch’s quiet listing and delisting of the crypto-payment option. SQLoverride stated,
“With so many social platforms shadow banning and demonetizing, the conspiracy side of me thinks maybe it was done because it is more difficult to demonetize someone using crypto.”
Many questioned the existence of the crypto-option itself, with anonymustanonymust asking,
“Did the have Bitcoin Cash or Bitcoin (Core) on the website?”
The boycott was advocated by TAPEWlRM,
“Unsubbed and shut down Twitch stream. Bad call guys.”
The post Bitcoin [BTC] and Bitcoin Cash [BCH] no longer payment options on streaming site Twitch appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin (BTC) Price Won’t Go Quietly, Risk of Break Grows

Bitcoin price is currently consolidating above the $3,940 support area against the US Dollar.
The price is likely to grind higher above $4,000 as long as it is above the $3,940 support.
There is a key bearish trend line is forming with resistance at $3,980 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could accelerate gains once there is a close above $4,000 and the 100 hourly SMA.

Bitcoin price seems to be preparing for the next break against the US Dollar. BTC is likely to climb above the $4,000 barrier unless buyers fail to defend the $3,960 and $3,940 support levels.
Bitcoin Price Analysis
Recently, bitcoin price rebounded nicely after trading as low as $3,872 against the US Dollar. The BTC/USD pair gained traction and traded above the $3,940 and $3,960 resistance levels. However, the $4,000 level acted as a strong resistance and prevented further gains. A swing high was formed near $3,999 and later the price corrected lower. There was a dip below the $3,980 level and the 23.6% Fib retracement level of the last wave from the $3,872 low to $3,999 high.
However, the key $3,940 support area acted as a strong barrier for sellers. The price found support just above $3,940 and the 50% Fib retracement level of the last wave from the $3,872 low to $3,999 high. It is currently moving higher and trading near the $3,980 resistance. There is also a key bearish trend line formed with resistance at $3,980 on the hourly chart of the BTC/USD pair. Above the trend line, the 100 hourly SMA is positioned near the $3,985 level.
Therefore, a break above the trend line, the 100 hourly SMA, and $4,000 is must for buyers to gain control. Above $4,000, the next key resistance is near the $4,020 level, above which the price is likely to test the $4,045 resistance. On the downside, an initial support is at $3,960. However, the main support is near $3,940, which may continue to hold losses.

Looking at the chart, bitcoin price is clearly consolidating above the $3,940 support level. As long as the price is above $3,940, there are chances of more gains above $3,980 and $4,000. To gain bullish momentum, a clear break above the $4,020 pivot level is required. On the downside, a close below the $3,940 support might accelerate losses towards the $3,900 and $3,875 levels.
Technical indicators:
Hourly MACD – The MACD is currently in slowly moving in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently above the 50 level, with positive signs.
Major Support Levels – $3,960 followed by $3,940.
Major Resistance Levels – $3,980, $4,000 and $4,020.
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Crypto Market Testing Key Hurdle: BNB Rallies 12%, Bitcoin Cash, EOS, TRX Analysis

The total crypto market cap seems to be facing a couple of important resistance levels.
EOS price is slowly moving higher from the $3.62 support area, with a positive angle.
Binance Coin (BNB) surged more than 10% and broke the $16.50 resistance.
Bitcoin cash price is currently consolidating above the $165 support level.
Tron (TRX) price retreated from highs and declined more than 4%.

The crypto market is slowly moving lower, while bitcoin (BTC) and Ethereum (ETH) are facing many hurdles. Binance coin (BNB) rallied recently, whereas BCH, ripple, EOS, TRX and ADA are currently consolidating.
Bitcoin Cash Price Analysis
Bitcoin cash price declined recently below the $170 and $165 support levels against the US Dollar. The BCH/USD pair tested the $160 support level and later bounced back. The pair moved above the $165 resistance and it is currently consolidating gains.
On the upside, an initial resistance is near the $168 level, followed by $170. Once there is a break above the $170 level, the price could climb to a new monthly high in the near term.
EOS, Tron (TRX) and BNB Price Analysis
EOS price declined recently and traded below the $3.65 support level. The price tested the $3.60 support level and it is currently correcting higher. Buyers pushed the price above the $3.65 level, with a positive angle. However, there are many hurdles on the upside near the $3.70 and $3.72 levels.
Tron price traded above the $0.0230 level recently and later failed to hold gains. TRX price is down more than 4% and it is currently trading below $0.0230. An immediate support is at $0.0225, below which the price could decline towards the $0.0220 level.
Binance coin (BNB) performed really well recently and climbed above the $16.00 and $16.50 resistance levels. BNB price is up more than 12% and it recently spiked above the $17.00 level. The next key resistances are near $17.40 and $17.50. If there is a downside correction, the previous resistances near the $16.50 and $16.20 levels are likely to act as decent supports.

Looking at the total cryptocurrency market cap hourly chart, there was a crucial bearish reaction near the $136.0B resistance level. There was a slow and steady decline below the $134.0B and $133.0B levels. The market cap is currently following a major bearish trend line with current resistance at $133.5B on the same chart. A proper close above the trend line and $134.0B is needed for buyers to gain traction in the near term. If not, there is a risk of more losses in bitcoin, ETH, tron, litecoin, EOS, ripple, cardano, XLM, ICX, BCH, XMR and other altcoins in the near term.
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Bitcoin (BTC) Price Still In Strong Uptrend, Buying Dips Favored

Bitcoin price traded to a new monthly high at $4,064 and later corrected lower against the US Dollar.
The price declined sharply below $3,950, but dips remained supported above $3,900.
There is a crucial bullish trend line formed with support at $3,920 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair remains well supported on dips near the $3,920 level and the 100 simple moving average (4-hours).

Bitcoin price is still in a strong uptrend despite recent bearish moves against the US Dollar. BTC/USD is likely to find a solid buying interest if it dips towards $3,940 or $3,920.
Bitcoin Price Weekly Analysis (BTC)
This past week, there was a decent upward move above $4,000 in bitcoin price against the US Dollar. The BTC/USD pair traded in a range above the $3,940 support level and finally broke the $4,000 resistance level. Buyers pushed the price above the $4,020 resistance and a new monthly high was formed at $4,064. However, buyers failed to hold gains above $4,020, resulting in a sharp decline below $4,000. The price dropped heavily and broke the $3,960 and $3,940 support levels.
There was even a spike below the $3,900 support and the 100 simple moving average (4-hours). Having said that, buyers defended the $3,900 support and the price bounced back sharply above $3,940. There was a break above the 50% Fib retracement level of the last decline from the $4,064 high to $3,869 low. The recent recovery was solid, but the price faced a strong offer zone near the $4,000 resistance. The 61.8% Fib retracement level of the last decline from the $4,064 high to $3,869 low also acted as a hurdle.
At the moment, the price is consolidating below the $4,000 resistance. Besides, there is a short term connecting bearish trend line in place with resistance at $3,990 on the 4-hours chart of the BTC/USD pair. A clear break above the trend line and $4,000 could open the doors for a fresh upward move. On the downside, there are many supports near the $3,940 and $3,920 levels. There is also a crucial bullish trend line forming with support at $3,920 on the same chart.

Looking at the chart, BTC price is clearly well supported on the downside near the $3,940 and $3.920 levels. As long as the price is above the $3,900 support and the 100 SMA, there are chances of a steady rise in the coming sessions. Buyers may wait for a clear break above the $4,000 and $4,020 resistance levels to gain control.
Technical indicators
4 hours MACD – The MACD for BTC/USD is slightly placed in the bearish zone.
4 hours RSI (Relative Strength Index) – The RSI for BTC/USD is currently well below the 50 level.
Major Support Level – $3,900
Major Resistance Level – $4,020
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Bitcoin (BTC) Stuck Around 4,000, But Analysts Expect a Drop as Upwards Momentum Fizzles

The crypto markets are experiencing a relatively quiet Friday as Bitcoin continues to trade sideways in a tight trading range between $4,000 and $4,100. This stability should not fool traders, however, as analysts expect BTC to drop in the near future as its upwards momentum begins to fade.
If Bitcoin is unable to garner more buying pressure as the markets head into the weekend, it is likely that Bitcoin will drop back into the upper-$3,000 region.
Bitcoin (BTC) Stuck Below $3,900 
At the time of writing, Bitcoin is trading up less than 1% at its current price of $4,040. Throughout this week, BTC has firmly established $4,100 as a level of resistance, as it has unsuccessfully attempted on multiple occasions to break above this price level.
Importantly, however, Bitcoin has established $4,000 as a level of support, as it has bounced after touching this price. Despite this, the true test of Bitcoin’s current strength remains in its ability to advance above $4,200, which was established as a key resistance level last month.
Although the lack of upwards momentum does seem negative, Luke Martin, a popular cryptocurrency analyst on Twitter, recently noted that he is only bearish on BTC in the short-term if the crypto begins tepidly moving towards stronger resistance levels above $4,100.
“If $BTC starts getting higher timeframe 4hr/1D closes below 3930, THEN I’ll consider being bearish short term. Unless you are a short term day trader flipping your outlook between 4400 and 2k after a red 30 minute candle isn’t too helpful,” he noted.

If $BTC starts getting higher timeframe 4hr/1D closes below 3930, THEN I'll consider being bearish short term.
Unless you are a short term daytrader flipping your outlook between 4400 and 2k after a red 30 minute candle isn't too helpful. pic.twitter.com/gAIhviwYXy
— Luke Martin (@VentureCoinist) March 21, 2019

Historically, the crypto markets have been more prone to making large price swings during weekend trading sessions, which means that traders may gain more insight into where BTC is heading next over the next couple of days.
Analyst: Bitcoin Likely to Drop Back into Upper-$3,000 Region in Near-Future
Because Bitcoin is not expressing any signs of significant technical strength at the moment, unless it is able to make a large upwards push in the near future, it may soon drop back into the upper-$3,900 region.
The Cryptomist, a popular cryptocurrency trader on Twitter, spoke about this possibility in a recent tweet, setting a target for BTC at $3,900.
“$BTC Mentioned couple days ago we will see movement for yesterday price action. We dropped and bounced of candle support as RSI support failed. We have 2-3 days to break this 4010 region resistance before we break this candle support and test target #1 at 3900 range,” she explained.

$BTC
Mentioned couple days ago we will see movement for yesterday price actionWe dropped and bounced of candle support as RSI support failed We have 2-3 days to break this 4010 region resistance before we break this candle support and test target #1 at 3900 range pic.twitter.com/bclvVRlZqy
— The Cryptomist (@TheCryptomist) March 22, 2019

If the crypto does drop back below $4,000, this level will likely be further solidified as a strong psychological level of resistance, which may prove to be increasingly difficult to break above.
Traders and analysts alike will be closely watching to see how the markets respond to their current price levels during the weekend.
Featured image from Shutterstock.
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Report: Bitcoin and Crypto Markets More Regulated Than Widely Thought

There is a common motif within the crypto markets that the advent of “do-no-harm” regulation would allow for an influx of institutional, corporate, and public funds that will help propel Bitcoin and other cryptocurrencies higher.
Despite this, a recent report conducted by Bitwise Asset Management explains that the nascent markets are actually significantly more regulated and surveilled than widely known, while also importantly noting that the actual trading volume on many major exchanges is significantly lower than reported.
Are the Crypto Markets Actually Regulated Presently?
The report, which was published and conducted by Bitwise – a crypto asset management firm – came about after the firm submitted a Bitcoin-based ETF application to the Securities and Exchange Commission (SEC) and offers an in-depth look at many of the major topics currently surrounding the new and quickly evolving crypto industry.
In a section of the report titled “The Bitcoin Market Is More Regulated and Surveilled Than Is Commonly Understood,” Bitwise explains that the crypto markets are in fact regulated – in a certain regard.
“We are not implying that bitcoin spot exchanges are ‘regulated markets’ or that they are on an equal legal status with national securities exchanges or futures exchanges, but rather that the…exchanges highlighted earlier interface with other forms of regulation,” the report stated.
One such form of regulation that Bitwise notes exchanges are currently interfacing with is the FinCEN requirement that crypto exchanges register as Money Services Business (MSB), a requirement that has been in place since 2013. As a MSB, exchanges are subjected to a plethora of strict regulatory requirements.
Furthermore, the exchange also notes that exchanges who offer their services to users in the state of New York are required to acquire a BitLicense, which mandates that exchanges comply with a significant number of regulatory requirements that ensure safety for customers.
Report Claims that 95% of Bitcoin Trading Volume is Artificially Created
Another key portion of the report offers an interesting set of data regarding the veracity of the trading volume on major crypto exchanges.
“We will demonstrate…that approximately 95% of this…volume is fake and/or non-economic in nature, and that the real market for bitcoin is significantly smaller, more orderly, and more regulated than commonly understood,” the report explains.
Bitwise then elucidated the results of a test they applied to the top 81 exchanges by trading volume – which entailed using trade size histograms, volume spike analysis, and spread patterns – to determine the veracity of the exchange’s trading volume.
Shockingly, the conclusion is that of the top 81 exchanges, only ten of them – including Binance, Coinbase, Kraken, Bittrex, Poloniex, Bitfinex, Bitstamp, bitFlyer, Gemini, and itBit – had predominantly genuine trading volume.
When considering this data and Bitwise’s conclusion that 95% of the total Bitcoin trading volume is artificially created, it shines a light on just how much room Bitcoin, and the crypto markets as a whole, have to grow.
Featured image from Shutterstock.
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Source: New feedNewsBTC.com

Facebook in Hot Water as the Company Stored Millions of User Passwords Improperly for Years

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Facebook in Hot Water as the Company Stored Millions of User Passwords Improperly for Years
It seems that Facebook is in “hot water” again as the company stored millions of user passwords improperly for years.
Facebook in Hot Water as the Company Stored Millions of User Passwords Improperly for Years

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Source: CoinSpeaker