Crypto VC Says Bitmain Layoffs ‘Extremely Bearish’ for Bitcoin Cash

Crypto VC Says Bitmain Layoffs ‘Extremely Bearish’ for Bitcoin Cash

TweetShare Ongoing layoffs at cryptocurrency mega-firm Bitmain could start a fresh wave of selling in Bitcoin Cash and Litecoin markets, according to prominent crypto investor Kyle Samani. The cryptocurrency-focused venture capitalist said in a tweet that the Bitcoin mining giant is — if rumors are true — running out of money to continue its operations…

Bitcoin Cash Price Leaps 150% in a Week despite Bearish Bias

Bitcoin Cash Price Leaps 150% in a Week despite Bearish Bias

TweetShare For a cryptocurrency which has dropped 98 percent from its all-time high already, bitcoin cash — for now — is looking brave in the face of a powerful bearish sentiment. The cryptocurrency’s ABC version this week surged close to 150 percent against the US dollar, from about $71 to $182 on a 7-day timeframe.…

Bitcoin Price ‘Could Go from Bad to Worse’: Bearish Analyst

Bitcoin Price ‘Could Go from Bad to Worse’: Bearish Analyst

Advertisement The most potential use case of bitcoin today is the store of value. But an analyst thinks otherwise. Stephen Innes, head of Asia Pacific trading at Oanda, a New York-based forex firm, believes that the world’s leading digital currency is due for another drop because it hasn’t provided the world a “significant use-case” yet. The…

Not Even a Ripple: Coinbase News Fails to Rescue XRP from Bearish Trend

Not Even a Ripple: Coinbase News Fails to Rescue XRP from Bearish Trend

Advertisement It was the announcement that ripple (XRP) investors had been anticipating for more than a year, but the news that crypto exchange giant Coinbase was “exploring” support for the second-largest cryptocurrency failed to elicit even a microcosm of the sort of rally that even the mere rumor of a Coinbase listing frequently catalyzed during…

Bitcoin Price Erases Weekend Gains to Confirm Bearish Long-Term Trend

Bitcoin Price Erases Weekend Gains to Confirm Bearish Long-Term Trend

Advertisement The bitcoin price kicked off the week on a negative note after correcting 2 percent to the downside. The BTC/USD rate found itself unable to breach above the neckline level discussed in our previous analysis. The falling trendlines look stronger than ever in other patterns as well. The symmetrical triangle formation, for instance, on…

Analyst: Bitcoin to Reach Bottom in Q2 of 2019, Bearish Short-Term

Analyst: Bitcoin to Reach Bottom in Q2 of 2019, Bearish Short-Term

Advertisement Twitter Facebook LinkedIn According to Willy Woo, a prominent cryptocurrency analyst and researcher, Bitcoin is expected to bottom out in the second quarter of 2019. Throughout the past three months, since August, Bitcoin has remained in a tight range from $6,200 to $6,800, unable to break out of major resistance levels above the $6,800…

Bitcoin Price Broaches New Weekly High But Slips into Bearish Correction

Bitcoin Price Broaches New Weekly High But Slips into Bearish Correction

Advertisement Twitter Facebook LinkedIn On Monday, bitcoin underwent a bearish correction after establishing a new weekly high at 6440-fiat, falling close to 0.8 percent. Bitcoin Hits Weekly High The BTC/USD pair is trading in a bull trend above the 200-period simple moving average on hourly charts. The big move yesterday seems to have appeared more…

Bitcoin Price Intraday Analysis: BTC/USD More Bearish than Ever

Bitcoin Price Intraday Analysis: BTC/USD More Bearish than Ever

Advertisement The bitcoin price continues to trade sideways on Monday after a stable showing during the weekend on the daily charts. The bitcoin-to-dollar exchange rate is trading at 6398-fiat at the time of writing, 0.85 percent lower than its Sunday high. The pair has found a decent support area in 6350-6400-fiat zone. But, it does…

Bitcoin Opinion: The Lessons Of A Bearish Market

Bitcoin Opinion: The Lessons Of A Bearish Market

Advertisement With my last couple of articles, I’ve taken the discussion away from price and volume, as I wanted to focus on the underlying bitcoin infrastructure and governance model, as well as on the technology developments that will push adoption. I believe it was worth it, as we really need to understand how this new distributed infrastructure…

Bitcoin Price Intraday Analysis: BTCUSD Forming Bearish Pennant

Bitcoin Price Intraday Analysis: BTCUSD Forming Bearish Pennant

Advertisement Bearish bias stayed for dinner, and it now wants to stay the night. There is no stopping to the prevailing selling sentiment in the Bitcoin market. Over the past one week, after establishing a weekly high at 8512-fiat, the BTC/USD pair has slipped 11.6% already. The price action in the past 24 hours has…