Analyze charts: Bitcoin fell back to $ 4,000. What's next?
Source:Thanks to the efforts of state Treasurer Josh Mandel 23 companies in Ohio will now be taxes in bitcoins. This news is a real breath of fresh air amid the constantly red market. What about the prices of the main cryptocurrency? After draining last week, Bitcoin fell back slightly to the previous resistance line, while the bears make a small pause.
theLatest news
Due to the decrease of prices on the Bitcoin cryptocurrency to mine with relatively high electricity rates becomes unprofitable. This felt Chinese miners, which have massively sold their hardware with huge discounts. In some parts of the country even a few ASIC miners in bulk.
"The time to buy is when there're miners in the streets."
— cnLedger (@cnLedger)
«unplugged» became the reason of falling Hasrat Bitcoin, as many small and medium-sized mining centres suffer losses. The giants now seem to be staying afloat because of the relatively cheap electricity. By the way, the available power will soon lose Norwegian miners who are now massively migrate to Sweden.
theTechnical analysis
Yesterday the price of Bitcoin fell below $ 3700, but because of the huge oversold market asset was able to roll back to previous resistance around $ 4,000.
image Source — NewsBTC
On 1-week chart, unfortunately, still have to fall. The immediate goal of the bears remains the line $ 3,000 in this area should begin a long phase of accumulation of Bitcoin before the new ballroom. If the market will be enough dynamics, the break of the line $ 3000 is a prerequisite for a reduction to the level of $ 1,500.
Scale 1-daily chart, the bulls need to break above $ 4,500. In this case, there is a high probability that a powerful upward movement until the resistance at 5800 dollars.
image Source — NewsBTC
Today, cryptocurrency market capitalization is at a level of 127 billion dollars. Domination of Bitcoin is 53.9 percent. To be always up to date with all the latest movements of the coins, please subscribe .
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
VEB and the Grozny mayor's office transferred the housing sector on the blockchain
In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...
Hacker 1337. How to hack Etherscan not to cause any harm
Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...
Norwegian miners are fleeing the country to neighboring Sweden. What is the reason?
In recent years, the Swedish data centers receive a vast number of requests for cooperation from the Norwegian miners. We will remind, this week the Norwegian authorities have revised fiscal recovery of the energy sector of the co...
Analyst: draining of the stock market did not affect the fundamental advantages of Bitcoin
died? As it is not so! Analyst at Morgan Creek Anthony Pompliano believes that in recent months, for cryptocurrency, nothing has changed. It will be sure to grow in the future, and the reversal of the bearish trend's exactly what...
2019 — the year of mass adoption of cryptocurrency. Sure CEO Binance
currently, the stock market passes through all the circles of hell, but no one can deny that this year there have been many achievements. There were a lot of developments that encourage the adoption of cryptocurrencies. Tron of th...
The future is now: Ohio state is allowed to pay taxes bitcoin
the American state of Ohio became the first where bitcoins are accepted as a tax contributions. According to the Wall Street Journal, the first such opportunity will be provided to companies and legal entities. Later, the initiati...
Positive: chain Lightning Network has grown to $ 2 million
Let's digress from charts of cryptocurrencies and move on to more positive news. Recently, the network Lightning Network has achieved yet another result — its total cost has reached two million dollars, even though the rapid fall ...
Bitcoin has bottomed. What's next?
If a little earlier to declare any capturadora that the rate of Bitcoin will drop to $ 3700, you would have considered crazy. But in reality, we where supposed to be. On the eve of thanksgiving in the US there was a good bullish m...
XRP and TRX – one of the main contenders for listing in Bakkt
representatives of the platform Bakkt answered questions from Twitter followers. According to Ambcrypto, the project is interested in listing not only of Bitcoin and alternative cryptocurrencies. We will remind, earlier it was rum...
Opinion shirobana: network Liquid will help to improve the privacy of Bitcoin transactions
Bitcoin enthusiast and shipoping in an interview Crypto Insider told Liquid about the network and how it helps to relieve the network of Bitcoin. In his opinion, she decides the eternal problem of scalability of Bitcoin. Recall th...
Red alert: Ethereum fell back to 101 dollars before further decline
Our previous fully confirmed — not able to roll above the nearest resistance and continues to fall. In the current environment of the stock market to count on a quick trend change is pointless, so try not to succumb to the temptat...
CRYPTOMACH / Bitcoin for 1000, top 5 richest cryptocell, message from Satoshi and Antminer in bulk
Winter is on the doorstep. Despite last year's trends, right now Bitcoin is in no hurry to repeat the rise to 20 thousand dollars. Moreover, today is the first cryptocurrency sold for 3,800 USD, which is ridiculously low. Parse ev...
Bitcoin below $ 3800. For the first time since September 2017
Yesterday, the Bitcoin managed to update the annual minimum. At this time, the cryptocurrency fell below 3800 dollars. It is even less than in September 2017. 1-weekly chart of the asset, the picture looks absolutely awful, most l...
As the first cryptocurrency will bring back a healthy capitalism? The answer of the economist
Professor and Bitcoin economist from Lebanon doctor talked to Express on the subject of cryptocurrencies. According to him, Bitcoin could reproduce the economic system like the gold standard in its most positive manifestations. He...
CEO Ambrosus: capitalization of the stock market will reach 20 trillion dollars
In 2017, Bitcoin and cryptocurrencies in General most often compared with the dot-com bubble. In 2018, this comparison became even more popular, as many opponents of the crypts in one voice insists that the Bitcoin bubble supposed...
Terrible weekend: the end of the week for the stock market? Response graphs
Chart of Litecoin gradually draws a new bottom, and the coin was confident a new line below $ 30. Other altcoins also continue to decline. The bulls, however, there is still hope for a small respite — the market is heavily oversol...
The trader's prediction: Bitcoin will fall by 30 per cent and will focus on the 3 thousand
the Head of Genesis and Genesis Trading Capital Trading again appeared on CNBC in the transmission «Squawk on the Street». He believes that we have groped a bottom of Bitcoin is only somewhere around 3 thousand. The assu...
In the Ledger resumed support after Cash Bitcoin hard forks coins
nearly a week after hard forks Cash hardware wallet Ledger resumed support for the cryptocurrency. Earlier, the developers of the Ledger to suspend transactions BCH due to concerns about the division of the blockchain coins on two...
The whole truth about the fork: Ethereum Ethereum is better than Classic?
If you look closely at the list of available cryptocurrencies, it is easy to see that there are two versions: just Ethereum (ETH) and Ethereum Classic (ETC). Two of these cryptocurrencies not only have one name, but have an intere...
White flag: SV team Bitcoin conceded defeat in the "war of Harrachov"
Hardwork Bitcoin in August of 2017 has created a lot of conflicts in cryptocommunist. Emerged into the light Bitcoin Cash some called useless Aldona, others «real Bitcoin». However, the division circuit the Bitcoin Cash ...
Comments (0)
This article has no comment, be the first!