2019

This Indicator Predicted the 2017 and 2019 Bitcoin Rallies; It Just Flashed Again

Bitcoin is currently flashing some signs of strength as it continues consolidating within the lower-$11,000 region. Overnight, bears attempted to push the digital asset below $11,000, but this dip was met with significant buying pressure that subsequently allowed it to climb higher. Analysts are widely noting that the resistance found within the mid-$11,000 region remains […]

293
Like
Save
Bitcoin Volatility Reaches Low Set Ahead Of April 2019 Rally, Will History Repeat?

Bitcoin has been uncharacteristically stagnant for over two full months now. The trading range has been tightening, which has led to record low levels of volatility in the otherwise volatile asset. But the low volatility taking place currently has reached a level that kicked off an explosive uptrend in April 2019. Will the leading cryptocurrency […]

1,227
Like
Save
Inverse Bitcoin Fractal from 2019 Warns of Major Bearish Moves Ahead

The bitcoin chart shows an interesting inverse fractal from 2019. The Feb-March price action last year, which resulted in a breakout, hints a breakdown for Bitcoin in 2020. Bitcoin is currently moving in the same manner as it did back in 2019 – just inversely. Market analyst Artem Shevelev spotted the upside-down relationship between Bitcoin’s […]

1,366
Like
Save
The Signal That Marked Bitcoin’s 2019 and 2020 Highs Has Yet to Flash

There are many analysts saying that Bitcoin looks like it’s at a medium-term high. As reported by NewsBTC previously, a trader said that the cryptocurrency is trading in a textbook “distribution” pattern. Referencing the chart below, the trader said: “A couple more clues developing that lend themselves to HTF distribution. 1. Rising Demand on the […]

1,210
Like
Save
Trader Who Predicted Bitcoin’s 2019 Bottom Says This Is Next

Bitcoin has seen a sharp correction after tapping $9,800 during Monday’s trading session. As of the time of this article’s writing, the cryptocurrency trades for $9,300 — more than 5% below the highs. This rejection at a crucial resistance zone (~$10,000) has confirmed to a number of analysts that more downside is likely. A historically-accurate […]

467
Like
Save
Crypto Market Is Securing the Technical Level That Marked Bitcoin’s 2019 High

Last week, Bitcoin and the rest of the crypto market saw a harsh rejection at critical resistance levels. Within minutes, almost all digital assets plunged by 5%, shedding the gains they had seen the day earlier. It’s a drop that has made some analysts skeptical that the rally will continue. As reported by Bitcoinist, an […]

1,292
Like
Save
Trader: Bitcoin Looks Almost Exactly as It Did Prior to an 80% Rally in 2019

It’s been a tough past day for Bitcoin. Just a little more than 12 hours after the cryptocurrency crossed $10,000 for the first time in weeks, BTC’s price tanked. As reported by Bitcoinist previously, saw a mass liquidation event on derivatives platforms that took Bitcoin as low as $8,600 on BitMEX. For BitMEX in specific, BTC […]

400
Like
Save
Long-Term Bitcoin Outlook Is “Super-Bullish,” Says Analyst Who Called 2019 Bottom

Bitcoin remains far below the $20,000 all-time high it established at the end of 2017’s crypto mania. But this hasn’t stopped investors from being extremely optimistic about the cryptocurrency. One prominent analyst recently said that the asset is looking “super bullish” from a long-term perspective. His comments are especially notable as he is an analyst […]

184
Like
Save
Analyst Who Predicted Bitcoin’s 2019 Bottom Asserts That $6,000s Are Likely

After attempting to break decisively past $10,000 for the second time in a week, Bitcoin was rejected, plunging as low as $9,200 for the umpteenth time in a matter of days. BTC’s tepid price action has made some investors cautious that more downside for the flagship cryptocurrency is possible, citing the loss of the key […]

784
Like
Save
Bitcoin RSI Reaches Full Power, Highest Overbought Conditions Since June 2019

The most recent push in Bitcoin price by bulls has resulted in the Relative Strength Index, or RSI, reaching full power. The commonly used trend-strength measuring tool hasn’t hit such overbought conditions since the June 2019 top. Does this mean that the first-ever cryptocurrency is topping out again, or is this just the start of […]

745
Like
Save
This Bitcoin Factor That Marked Start of 300% Rally In 2019 Is Back

Bitcoin is just half a day into this week, but the cryptocurrency is already off to a bad start. As of this article’s writing, BTC is trading at $8,600 — just shy of 10% below last week’s high around $9,500 and 4% lower than where the asset started the week. It’s a reversal that has […]

1,290
Like
Save
Argo Blockchain Sees Revenues Soar 11x After Mining 1,300 Bitcoin in 2019

Bitcoin mining firm Argo Blockchain said an 11-fold increase in revenues shows pivoting away from mining-as-a-service was a good move for the company.

95
Like
Save
This Rare Occurrence That Signaled Start of Bitcoin’s 300% 2019 Rally Is Back

Wednesday marked one of Bitcoin’s most powerful rallies in weeks. Within the span of just over 12 hours, the price of the leading cryptocurrency rocketed from $7,700 to a high of $9,000 — a dollar gain of $1,300 and a percentage gain of 17%. It was a move that shocked Bitcoin investors across the board, […]

456
Like
Save
Bitcoin Miner Maker Canaan Lost $148M in 2019

The Chinese bitcoin miner manufacturer has disclosed it made a net loss of $148.6 million for 2019 on a revenue of $204.3 million.

1,464
Like
Save
Bitcoin Rare Buy Signal Flashes For First Time Since 2019 Bear Market

Although the crypto market is as volatile as ever, data continues to pour in suggesting that prices will soon rebound. One analyst has now presented evidence that Bitcoin has dropped into a value zone that has rarely happened in its eleven year history. If correct, a short window now exists that places Bitcoin at a […]

287
Like
Save
2019 Saw Most Exchange Attacks Ever, With Hackers Becoming More Savvy

As cryptocurrency exchanges beef up their security to defend themselves against cyberattacks, hackers are responding in kind by amping up their techniques — and the data shows that they’re finding success. Cryptocurrency exchanges faced more successful attacks in 2019 than in any other year since bitcoin began trading on public exchanges in 2011, according to […]

1,269
Like
Save
The Same Indicator That Flashed Before Bitcoin’s 30% Drop in Nov 2019 Just Hit Again

The Fear and Greed Index (FGI) for crypto is currently neutral at 53. The last time it was at this level, a 30 percent drop occurred for bitcoin in November 2019 from $9,400 to $6,410. The signaling of the indicator follows a swift six percent drop from $9,100 to $8,500, which happened in less than […]

1,312
Like
Save
Bitcoin’s First Major Buy Signal Since March 2019 is Here

Bullish sentiment is already flowing back into bitcoin markets. So far in 2020 BTC has made 13% and more is yet to come as a major buy signal flashes green. Bitcoin Reclaims $8,000 From an intraday low of $7,700, BTC has climbed an impressive 7% to top out at $8,250 during Asian trading today. Since […]

247
Like
Save
Bitcoin Was Uncorrelated With Major Assets, Experienced Low Volatility in 2019

Bitcoin enjoyed a near 100 percent price gain over the course of 2019, but it otherwise had a tame year to round out the decade. 2019 was also the year that bitcoin’s price movements broke away from the rest of the cryptocurrency pack — and it continued to present itself as an uncorrelated hedge to […]

1,207
Like
Save
Bitcoin adoption remains stagnant in 2019 as ATMs surge by 56 percent

As much as there are high expectations of cryptocurrency, number of Bitcoin users did not increase significantly in 2019 from the 2018 figure. On the other hand, the number of Bitcoin ATMs grew significantly by 56 percent around the globe. Reportedly, around 4,102 Bitcoin ATMs were available in 2018 and grew up to 6,387 in […]

348
Like
Save
Op Ed: Three Bitcoin Trends That Left Their Mark on 2019

It has been an eventful year for bitcoin. Digital Assets Data, which records, collates and analyzes cryptocurrency and blockchain transaction, value and popularity information, has identified a few essential trends as 2019 comes to an end. Here are three bitcoin trends that we’ve been following this year. Bitcoin as Digital Gold To begin with, anyone […]

334
Like
Save
Worst Bitcoin Price Prediction of 2019

An overview of the worst and most outrageous Bitcoin price predictions of 2019. To prophesize is a natural human tendency. Humanity applauds those who make the right prediction and also love to hate on people when they miss the mark, especially by ridiculously large amounts. For many years, the crypto industry has been prone to […]

1,022
Like
Save
TradeBlock: Bitcoin on-chain activity set new records in 2019

Bitcoin had one of its strongest years yet in terms of on-chain activity and usage, with several network metrics demonstrating all-time high activity. Bitcoin transaction count, transaction volume (on a USD equivalent basis), and the network hash rate hit new all-time highs this past year. Bitcoin transaction count surged in 2019 to reach its highest […]

1,399
Like
Save