Tag Archives: Bitcoin Analysis

Bitcoin adoption could grow because of its efficiency, billionaire Tim Draper

Bitcoin adoption could grow because of its efficiency, billionaire Tim Draper

While many people believe that the massive adoption of Bitcoin is somewhat tied around the mainstream acceptance of digital currencies in general, Tim Draper thinks there is more to it. In a Bloomberg report, the American venture capital investor said Bitcoin adoption could grow because of its efficiency. Bitcoin adoption accelerator Draper mentioned that the largest cryptocurrency […]

Bitcoin Price Watch: BTC/USD’s Resistance Turned Support at $6,320

Bitcoin Price Watch: BTC/USD’s Resistance Turned Support at $6,320

Key Points Bitcoin price climbed higher and broke the $6,320 and $6,380 resistance levels against the US Dollar. There was a break above a major contracting triangle with resistance at $6,330 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently correcting lower and the previous resistance at $6,320 […]

Bitcoin Eclipses 50% Crypto Market Dominance For First Time Since December

Bitcoin Eclipses 50% Crypto Market Dominance For First Time Since December

Bitcoin has long been at the forefront of the crypto industry; and it seems with the market’s most recent move downwards, Bitcoin’s dominance over the rest of the market may continue, or at least for a little while longer. Bitcoin Dominance Surges Amidst Crypto Downtrend The crypto market dropped by a collective 7% in the […]