Tag: Break

Bitcoin (BTC) Price Weekly Forecast: Risk Of Significant Downside Break

Bitcoin (BTC) Price Weekly Forecast: Risk Of Significant Downside Break After a short term upside correction, bitcoin price failed to surpass $ 10,200 against the US Dollar. The price formed a double top near the $ 10,200 level and declined below the $ 10,000 support. There is a crucial bearish […]

CME’s Bitcoin Futures Break Records With $1 Billion in Notional Volume

CME’s Bitcoin Futures Break Records With Billion in Notional Volume The world’s largest options and futures exchange, Chicago Mercantile Exchange & Chicago Board of Trade (CME Group) and its bitcoin futures contracts saw an all-time high on May 13. According to CME’s records, the exchange recorded 33,700 contracts on Monday […]

Markets Update: Leading Cryptocurrencies Briefly Break Local Resistance

Markets Update: Leading Cryptocurrencies Briefly Break Local Resistance The cryptocurrency markets have seen significant volatility over the last 24 hours, with BTC rallying by 7% to test resistance at $ 4,200, before violently crashing approximately 10% back below $ 3,800. BCH has posted comparable volatility, currently trading for $ 135 […]

Markets Update: Leading Markets Break ATH Descending Trendlines

Markets Update: Leading Markets Break ATH Descending Trendlines BTC price action has broken above a major long-term trendline stemming back to December 2017’s all-time highs. When looking at the 2014 – 2015 bear market, a similar move precipitated the final sell-off of the trend before price action moved into an […]

No, IBM’s Quantum Computer Won’t Break Bitcoin

No, IBM’s Quantum Computer Won’t Break Bitcoin IBM recently unveiled its Q System One at the Consumer Electronics Show (CES) 2019, with the company describing the quantum computer as being developed for “commercial use.” Despite numerous media outlets again decrying the imminent death of Bitcoin, IBM’s quantum system is not […]