Trading Bitcoin – BTC Holding Well This Weekend

Trading Bitcoin - BTC Holding Well This Weekend

Trading Bitcoin – BTC Holding Well This Weekend
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Bitcoin BULLS Is It TIME?! June 2020 Price Prediction & News Analysis

Bitcoin BULLS Is It TIME?! June 2020 Price Prediction & News Analysis

Опубликовано: 30 мая 2020 г.

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The Crypto Daily – Movers and Shakers -31/05/20

The Crypto Daily – Movers and Shakers -31/05/20

Bitcoin rose by 2.98% on Saturday. Partially reversing a 1.68% fall from Friday, Bitcoin ended the day at $9,706.4.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $9,323.3 before finding support.

Steering clear of the first major support level at $9,312.47, Bitcoin struck a mid-morning high $9,618.8 before hitting reverse.

Bitcoin broke through the first major resistance level at $9,579.27 before falling back to sub-$9,500 levels and into the red.

Finding late support from the broader market, Bitcoin bounced back to a late intraday high $9,750.0.

Bitcoin broke back through the first major resistance level before easing back. The second major resistance level at $9,732.43 pinned Bitcoin back late in the day.

The near-term bearish trend, formed at late June 2019’s swing hi $13,764.0, remained firmly intact, reaffirmed by the March swing lo $4,000.

For the bulls, Bitcoin would need to break out from the 62% FIB of $10,034 to form a near-term bullish trend.

Across the rest of the majors, it was a bullish day for the majors on Saturday.

What cryptocurrency will become the main one in a year?
BitcoinEthereum

Cardano’s ADA and Ethereum surged by 18.80% and by 10.56% to lead the way on the day.

Bitcoin Cash ABC (+6.82%), Bitcoin Cash SV (+6.58%), EOS (+5.93%), Litecoin (+7.30%), Stellar’s Lumen (+7.81%), Tron’s TRX (+9.26%) also made solid gains.

Binance Coin (+4.35%), Monero’s XMR (+3.64%), Ripple’s XRP (+4.83%), and Tezos (+1.82%) trailed the front runners.

In the current week, the crypto total market cap fell to an early Monday low $238.04bn before rising to a late Saturday high $272.67bn. At the time of writing, the total market cap stood at $268.41bn.

Bitcoin’s dominance saw a Thursday 69.54% spike before sliding to a Saturday current week low 65.81%. At the time of writing, Bitcoin’s dominance stood at 66.11%.

At the time of writing, Bitcoin was down by 0.54% to $9,654.2. A bearish start to the day saw Bitcoin fall from an early morning high $9,707.2 to a low $9,654.2

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Ethereum was up by 0.16% at the time of writing to buck the trend early on.

It was a bearish start for the rest, however, with Stellar’s Lumen falling by 1.43% to lead the way down.

Bitcoin would need to avoid sub-$9,600 levels to bring the first major resistance level at $9,863.17 into play.

Support from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $9,750.0.

Barring another broad-based crypto rebound, the first major resistance level would likely cap any upside.

In the event of another extended crypto rally, the second major resistance level at $10,019.93 and 62% FIB of $10,034 could come into play.

Failure to avoid sub-$9,600 levels could see Bitcoin fall deeper into the red.

A fall back through the morning low $9,654.2 to sub-$9,600 levels would bring the first major support level at $9,436.47 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer well clear of sub-$9,400 levels on the day.

Source: www.fxempire.com

Author: Bob Mason15 hours ago (May 31, 2020 01:00 AM GMT)


BITCOIN ABOUT TO BREAK!!! HERE IS WHAT HAPPENS NEXT!! MUST SEE BREAKOUT TARGET

BITCOIN ABOUT TO BREAK!!! HERE IS WHAT HAPPENS NEXT!! MUST SEE BREAKOUT TARGET

Опубликовано: 30 мая 2020 г.

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Hong Kong Vending Machines Accept Bitcoin Cash not Bitcoin Boasts Roger Ver

Hong Kong Vending Machines Accept Bitcoin Cash not Bitcoin Boasts Roger Ver

Bitcoin Cash (BCH) advocate Roger Ver recently took to Twitter to share a video of a Hong Kong vending machine which accepts BCH and Ether as payment options but not Bitcoin.

In the video, Ver pointed to Bitcoin’s high fees and congested network as the reason it was likely omitted from the payment options. However, YouTube Bitcoin influencer Tone Vays and trader Willy Woo responded tweeting that it’s more likely Ver paid for Bitcoin’s exclusion.  

Why do these HK vending machines accept #BitcoinCash and #Ethereum but not #Bitcoin? pic.twitter.com/NosqL8ZVgP

Roger Ver posted the video above of the Hong Kong vending machine transacting a BCH payment. He explained, “You’ll notice there’s Bitcoin Cash, Ethereum, Binance Coin and some other ones, but there is no Bitcoin at all because it’s been broken.”

Ver’s Beef With Bitcoin

Ver has been outspoken on the topic of fees and network speeds in Bitcoin and believes Bitcoin Cash to be a purer version of Satoshi Nakamoto’s original vision of the cryptocurrency. He has also very adamantly disapproved of the efforts of those seeking to solve Bitcoin’s scaling issue by other means than larger blocks on the Bitcoin blockchain—which developers of the Lightning and Liquid Networks have called a dead end.

Ver’s frustrations at the advocates of the Lightning Network—Bitcoin’s most notable scaling solution—came to the forefront at Deconomy 2018 during his famous Bitcoin scaling debate with Blockstream’s Samson Mow. Ver’s main arguement is that Bitcoin is not close enough to a practical digital cash and should be a payment system on its own, while Mow argues that Bitcoin is actually meant to be a settlement system to build scalable payment solutions upon. 

Tone Vays and Willy Woo Suspiscious of Roger Ver

One of the most popular traders in crypto and YouTube influencer, Tone Vays was not impressed by the video and suspects Ver may have paid for the Hong Kong vending machine to prefer BCH over BTC. Vays also questioned whether the Hong Kong vending machine had ever transacted in BCH since the demonstrative video.

Another popular crypto trader, Willy Woo admitted that his first inclination was to agree with Vays’ assessment. Woo claimed it was common for “lower tier altcoins to pay to get access to ATMS” and thinks the video raises red flags on centralization of the crypto space.

This was my first thought also, it’s common practice for lower tier altcoins to pay to get access to ATMs, which begs the question of how centralised these projects are.

— Tone Vays – TheFinancialSummit.com (@ToneVays) May 30, 2020

Ver has reportedly denied any involvement with the Hong Kong vending machines choosing Bitcoin Cash over Bitcoin. 

Source: blockchain.news

Author: Lucas Cacioli


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