Has Bitcoin Turned the Corner?

Written by:
Published on:

After a tumultuous January and rough start to February, could it be that Bitcoin and other cryptocurrencies are beginning to turn the corner?

Bitcoin did managed to hit a six-day high of $9,070.64 on Saturday and was trending upwards Monday following a drop Sunday. Bitcoin was up nearly 40% from last week's low of $6036.

But BTC is still down 39% on a year-to-date basis.

CoinDesk.com offered the following chart to demonstrate a full turnaround might not be in order just yet.

*Throughout the uptrend from Aug 2015 to Dec 2017, the RSI fell to (or below) 30.00 on four occasions (marked by circles). And, in March 2017, the RSI bottomed out just above 30.00. Each time, BTC went on to clock fresh record highs.

*The RSI has never formed a double bottom or turned sideways around 30.00. It has always been a "v" shaped recovery for the RSI.

-Aaron Goldstein, Gambling911.com

Business/Financial News

Sports Book Near Pittsburgh

PA soon to offer online sports betting, but probably not for the 2018 Football season, though Pittsburgh area residents will have the luxury to bet sports at nearby Mountaineer Casino in West Virginia.

Can I Really Run My Own Sportsbook From the US?

With the US Supreme Court ruling against decades long sports betting prohibition, everybody with computer access and a pulse wants to start taking bets and today's Pay Per Head sportsbook solutions make the process easier than ever.

Agents Have A New Payment Solution to Connect & Collect Cryptocurrency

There’s a new way for bookie agents to connect and collect with their players. Cryptocurrency is already widely-popular with agents and players in the sports betting industry. Now, collecting and payouts just got simplified—Get the details here!

7 Easy Steps To Creating A Profitable Sportsbook Business

7 Easy Steps To Creating A Profitable Sportsbook Business

Want to to build a sustainable sportsbook business? Make the most revenue possible? Be your own boss? Good. All you need are these 7 steps to start to really build a profitable sportsbook business. Get the details here.

Betting With A Bookie

If youíre a person that likes to bet on sports there are a few options that you can utilize in order to make wagers, such as going to an actually Casino, finding an online sportsbook, or finding a local bookie.