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46

Bitcoin News & Updates / BITCOIN “ANNIHILATED” ITS KEY SUPPORT DURING RECENT DECLINE; HERE’S WHERE IT STA

« on: December 10, 2020, 03:49:55 PM »

BITCOIN “ANNIHILATED” ITS KEY SUPPORT DURING RECENT DECLINE; HERE’S WHERE IT STA

Bitcoin has been facing immense turbulence ever since its price reached the mid-$19,000 region. Although many investors expected it to rally after tapping these highs, the selling pressure here proved too intense.

This has resulted in BTC seeing multiple consolidation phases as well as multiple strong selloffs. So long as this trend persists in the mid-term, BTC will likely drift lower before reaching a level with enough support to spark a long-lasting uptrend.

One trader explained that this latest move lower “annihilated” Bitcoin’s support, leaving the bottom of its cloud as the last crucial support.

At the time of writing, Bitcoin is trading up just under 1% at its current price of $18,450. This marks a notable decline from weekly highs of $19,400.

It also marks a slight rebound from its overnight lows of $17,640 that were tapped during the selloff.

The rebound from this level was both intense and bullish, but it still has a way to go before it can see any serious momentum in the mid-term.

Read more here

47

Philippines (Tagalog) / Re: Coins.ph and other crypto app/wallet scams

« on: December 10, 2020, 03:44:45 PM »

Salamat sa babala mo sir sa ngayon talaga gagawin ang lahat para mascam ka lang kaya mag ingat ingat tayo baka kung hindi ko to mabasa baka ma scam din ako kaya maraming salamat sir

48

Bitcoin Forum / Re: Do you think bitcoin will contuine to rise?

« on: December 10, 2020, 03:39:41 PM »

I think the bitcoin we will contuine to rise because too many are still active here until there are more active here it will not end.

49

Philippines (Tagalog) / Re: bakit madamot tayo mga pinoy mag bigay ng karma?

« on: December 10, 2020, 03:33:01 PM »

Tama ka jan kabayan kagaya ko isa lamang ako baguhan hindi ko pa alam mag bigay ng karma

50

Philippines (Tagalog) / Re: Kailangan ba talagang mag post sa bitcoin at altcoin?

« on: December 10, 2020, 03:31:05 PM »

Sobrang kelangan natin mag post ng mag post upang tumaas ang ating rank para tayo ay makasali sa bounty campaign kabayan .

51

Philippines (Tagalog) / Re: LABING LIMANG ESPESIYAL NA MGA BARYA (COINS)

« on: December 10, 2020, 03:27:57 PM »

Maraming salamat po kabayan malaking tulong nito para samin mga baguhan sana patuloy ang pag bigay nyo ng info para marami pa po kayo matulungan katulad namin mabuhay ka kabayan .

52

Bitcoin Forum / Re: Has Bitcoin achieved it goals?

« on: December 10, 2020, 03:18:49 PM »

bitcoin already achieved the goals because it has helped a lot of people it has also been bitcoin for a long time because in its duration they have also released a lot of money and it has become very popular all over the world.

53

Bitcoin News & Updates / TA: Bitcoin Recovery Capped, Why $18.6K Is A Major Breakout Zone

« on: December 10, 2020, 03:14:49 PM »

TA: Bitcoin Recovery Capped, Why $18.6K Is A Major Breakout Zone

Yesterday, we saw a sharp decline in bitcoin price below the $18,500 support level. BTC even extended its decline below the $18,000 support and settled below the 100 hourly simple moving average.

The decline gained pace below $18,000 and the price traded close to the $17,650 level. A low was formed near $17,644 and there was a strong recovery wave. The price climbed back above the $18,000 and $18,200 levels.

However, bitcoin struggled to clear the $18,600 resistance zone (the last key breakdown zone). A high is formed near $18,639 and the price is currently showing a few bearish signs. It is trading near the 23.6% Fib retracement level of the recent recovery from the $17,644 low to $18,639 high.

The next major support is near the $18,150 level. It is close to the 50% Fib retracement level of the recent recovery from the $17,644 low to $18,639 high.

On the upside, the price is facing hurdles near the previous support at $18,500 and $18,600. There is also a key bearish trend line forming with resistance near $18,560 on the hourly chart of the BTC/USD pair. A clear break above the $18,500 and $18,600 resistance levels could open the doors for a push towards the $19,000 level.

Read more here

54

Bitcoin News & Updates / Waiting For The Next Move: Bitcoin Recovers Following The $2,000 Crash (Market W

« on: December 10, 2020, 03:12:14 PM »

Waiting For The Next Move: Bitcoin Recovers Following The $2,000 Crash (Market W

Following the steep price drop of nearly $2,000, bitcoin bounced off the $17,600 bottom and has risen above $18,000 again. Most alternative coins have also recovered some of the losses, and the market cap has added about $20 billion since yesterday.

After the relatively calm weekend bitcoin had where it dabbled with the $19,000 price tag, the cryptocurrency experienced a significant drop yesterday. BTC went from a high of $19,300 to $18,000 before continuing south to the intraday bottom of about $17,600.

This became bitcoin’s lowest price registered in December. Nevertheless, the bulls took control at that point and didn’t allow any further declines. In the following hours, the primary cryptocurrency charged to $18,600 before retracing slightly to about $18,350.

From a technical viewpoint, BTC’s most significant support levels are situated at $18,000, $17,560, and $17,250. Alternatively, the digital asset has to overcome the $18,500 and $18,700 resistance lines if it’s to challenge $19,000 once again.

Read more here

55

Legality & Taxation of Cryptos / Re: Bitcoin and Illegal Activities

« on: December 10, 2020, 03:00:42 PM »

Those who use bitcoin to do bad things will inevitably be punished

56

Bitcoin Forum / Re: Are you holding Bitcoin?

« on: December 10, 2020, 02:48:08 PM »

yes i believe in bitcoin because as long as someone runs it and especially as many are active like the bounty campaign it will continue to work

57

Cryptocurrency Price Speculations / Re: Bitcoin is Amazing..

« on: December 10, 2020, 02:44:15 PM »

Yes Bitcoin is amazing you know why because many people are helped by this bitcoin many hope to make money here but all we have to do is persevere and learn to wait I hope this bitcoin continues.

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Philippines (Tagalog) / Re: Ano ang tinatawag na GAS?

« on: December 10, 2020, 02:38:55 PM »

Salamat kabayan sa pag bigay mo ng ka alaman ngayon alam ko na ang tinatawag na gas

59

Philippines (Tagalog) / Re: Crypto Engine - Sino sa inyo ang nakasubok na?

« on: December 10, 2020, 02:35:55 PM »

Kabayan ako ay hindi pa nakakasubok nito pero susuriin ko muna ito at pag aaralan bago ko ito pasukin salamat sa info kabayan

60

Philippines (Tagalog) / Re: Anong mangyayari sa Crypto Currency mo kung mawawala ka na?

« on: December 10, 2020, 02:34:05 PM »

Kabayan kung walang may alam tungkol sa cyrpto wallets at sa account mo ay siguradong mawawala ang pinagharapan mo. Ang kelangan mong gawin ay ikalat mo ang nalalaman mo dito kagaya ng iyong pamilya kapag ito ay lilinasin mo na .

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