By CCN Markets: Independent research firm Fundstrat Global Advisors has great news for litecoin and bitcoin enthusiasts. Technical analysis carried out by the firm indicates that most of the cryptocurrencies are set to go on a bull run, and investors should start buying them. Noted bitcoin analyst is telling you to buy, once again Fundstrat technical analyst Rob Sluymer believes that there’s potential for more gains in cryptocurrencies. According to Sluymer’s research note (via Bloomberg): Another upside attempt appears to be developing for most cryptocurrencies. Increase exposure. We expect Bitcoin to stage another rally from current levels toward next resistance
Recently leaked images from Consensus 2019, the major cryptocurrency conference currently taking place in New York City, suggest eBay (EBAY) is preparing to adopt cryptocurrencies. "Leaked from Consensus, eBay possibly announcing the support of cryptocurrencies on their website." – @PatronsOfTheMoon Telegram. #share #bitcoin #cryptocurrency pic.twitter.com/xqbpdysUic — wolf (@ImNotTheWolf) May 12, 2019 According to the pictures […]
On Tuesday, Feb. 5, the infamous Goxdox blog returned to inform the public of more detailed Mt. Gox information that “no one wants you to know about.” According to Goxdox, the Mt. Gox trustee Nobuaki Kobayashi’s bank book shows that he previously sold large sums of BTC and BCH using the exchange Bitpoint. The cryptocurrencies were sold on a traditional trading platform, which goes against the trustee’s past statements that the coins would not be sold in this manner.
After Thursday’s range breakdown, the prospects of a deeper drop in BTC prices have increased, the price-volume analysis indicates.
Lawmakers in the United Kingdom have displayed interest in taming the “Wild West” cryptocurrency market to protect citizens and encourage industry growth in the country. A report released by the Treasury Committee Wednesday called for the government to address issues regarding poor security generated from price swings, hackers and anonymity, which may contribute to rising […]
Bitcoin’s corrective rally seems to have stalled around $ 6,550, making it a key level to beat for the bulls.
Williams %R, a technical analysis oscillator that demonstrates oversold or overbought conditions of an asset, is demonstrating highly oversold conditions for Bitcoin. As Olga Kharif at Bloomberg reported, the Williams Percent Range (WPR) of Bitcoin is hovering at around -83 percent. In WPR, -80 to -100 percent is considered oversold and -0 to -20 percent
The post Bitcoin Severely Oversold, Various Technical Factors Suggest appeared first on CCN
The technical charts continue to call a rally to $ 7K despite bitcoin showing signs of exhaustion around $ 6,500.
The SEC believes that cryptocurrency exchanges could improve by implementing similar principles of stock markets.
Cryptocurrency Markets Resemble “Wild West”
Many regulators, experts, analysts believe that cryptocurrency markets still lack proper oversight and regulations. According to a recent report by VentureBeat, senior U.S. Securities and Exchange Commision (SEC), Brett Redfearn, stated that the current state of cryptocurrency markets resemble the “Wild West”. The Securities and Exchange Commission (SEC) is mainly concerned with cryptocurrency market manipulation, cybersecurity, fraud, money laundering and terrorist financing. Redfearn stated in the article: