I have some daily analysis info about cryptocurrency market/ price, especially for mainstream cryptocurrency like Bitcoin, ether, EOS, ETC, so I would like to share with all of you, hope you can get some insight opinion about cryptocurrency market. Also, you are welcome to post your opinion in the comment area. I will try to keep up the iinfo every day.

Traders may empirically learn a lesson that periods of low volatility often come to a fierce end.

After a period of bitcoin trading sideways, just yesterday, the price of Bitcoin finally broke through $7,000 and is expected to continue to rise, breaking through the $7,800 mark.

This breakthrough is not without warning. Just the day before yesterday, bearish bitcoin futures bets hit the lowest point, which is also a sign that the bitcoin market will turn into a bear market.

However, the bitcoin market does not seem to be affected by the rejection of the ETF proposal, which means that the bitcoin bear market has already reached the bottom of the bottle, and the bull market will be launched.



As can be seen from the above four-hour price analysis chart, the price has been hovering between $6,700 and $6,850, the bulls continued to ultimately pass the peak of the prior rally ($6,899) seen on Aug.22. The next resistance is expected to be The price of $7,165.

A short-term pullback to prior resistance($6899) would be considered healthy, as price often falls back to prior resistance in order to prove it can hold as support.

Since April, Bitcoin prices have been at a standstill against the lowest point, and according to EMAs (100), Bitcoin has formed an upward momentum. During this period, the biggest resistance price was $7,800. So it is highly probable that Bitcoin will break through 7,800 again.

I just get to know encrypted currency and blockchain in these days, definitely, I felt amazing about the new concepts and tech. And there is one insane question raised from my ignorance.

One of the great features of blockchain technologies is decentralized, so that means it can weaken central authority power, and makes every one own the right to make decisions. Any resource and information that related to us will be thorough transparent so we don't need government to supervise and make a desition. If blockchain has been accepted by humans and applied to every sector of our life, what else the government can do for our life？ If government disappeared so the nation's boundaries will vanish together?

Venezuela is going through a huge inflation and the inflation rate will reach 1000000%. President Maduro declared that he has a tactic to recovery the economy, and a series of measures was officially implemented, among which the new currency "Sovereign Bolivia" and digital currency oil coins attracted much attention.

So, do you think this crypto coins can help Venezuela out the crisis?

What're your opinions?

08/21 21:11:54 - Another big deal re-emerged in BTC transactions, with trading volumes approaching $51m
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08/22 02:05:00 The BTC fell by 1.41% in five minutes, and the falling amount was $96.58. The current price on the fire coin PRO was $6772.28. Please pay close attention to the market trend and pay attention to controlling the risk.

08/22 02:24:54 BTC has just pulled up quickly and broke through $6,880. BTC is now $6816.65, an increase of 7.54%. Driven by the rapid rise of BTC, the mainstream currency rose more than 6%, BCH is now priced at 570.15 US dollars, 9.56% up, ETH current price is 296.16 US dollars, 7.03% up, ETC is now quoted at 13.52 US dollars, 8.43% up, LTC is now $58.89, 8.39% up.

According to the monitoring, the first place in the Bitcoin Rich List had frequently transfer services, and the first place in the Bitcoin Rich List (3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r) had frequently transferred in the past two days. A total of 17052 bitcoins were transferred several times from 0:00 on August 21. And on August 21, 14:47:56 transferred 15,000, 00:54 transferred 2,000.