..

Bitcoin Near $9000 Mark: Best One Month Performance in Two Years

Written by:
Aaron Goldstein
Published on:
May/27/2019

Bitcoin has had its best one-month rally since 2017 and shows no sign of declining.

*Free trial test drive
*Text or message 24/7
*Mobile friendly
*Live in-play betting
*Bitcoin, gift cards, credit cards accepted
*Fastest, sharpest lines in the industry
*No minimum number of players
*Unique betting options available
*Two software platforms available for use
Click here to visit PremierPerHead

Now representing upwards of 70% of all funds transfers to and from online gambling sites, Bitcoin reached just above $8900 early Monday.

The largest cryptocurrency climbed as much as 10 per cent on Monday from levels late Friday.

Popular YouTube Bitcoin analyst Nicholas Merten (aka DataDash) told his 314,000 subscribers he believes BTC will approach the $10,000 mark before pulling back some, perhaps as much as 40%.

“Is Bitcoin overvalued? Well, a lot of the indicators will tell you that. Obviously the RSI is showing that it’s overextended… We’ve also seen NVT is extremely overextended. We’re not setting new highs on it in this relative sense. We had that back a few days ago, so transaction volume is increasing. But we’re still way overextended. This is very similar to what we saw back in 2014.

So even with all these things, it’s time for Bitcoin to correct, right? Well, no. I wouldn’t say that’s exactly the case. We very much could go on to the big even at $10,000 which is a very key level price-wise, but it was resistance back here in May of 2018, almost a year ago. So, it wouldn’t be too radical to think that if it’s already done this, that it’s probably going to go to $10,000. Now I wouldn’t set your sell orders exactly at $10,000 or try to time the market. I’m not going to recommend you do anything. I think most of us agree that hodling is probably one of the better ways to play this market. Stop trying to play it and get too crazy.

I just like to cover the price action just to guesstimate where we’re going and what would be some good pullback points. But I think $10,000 is very likely and then after that we’re going to have a very similar correction down 40% – what we saw in the last parabolic run-up back here in 2015. And that’s going to lead us down to a range where we can actually go ahead and be able to pick up some nice cheap Bitcoin.”

- Aaron Goldstein, Gambling911.com

Business/Financial News

Sportsbook Solution Catering to the San Francisco Market

Sportsbook Solution Catering to the San Francisco Market

It's one thing to have access to an online sportsbook solution that generates fresh lines and allows players to seamlessly place bets, it's another to have a solution that caters specifically to the San Francisco market.

Gambling and Sports Betting News Wire - June 22 2019

Here are today's headlines in the world of gambling and sports betting as they happen - Saturday June 22, 2019.

Satoshi Lives!  This Government Just Recognized Dr. Craig Wright as Bitcoin Founder

Satoshi Lives! This Government Just Recognized Dr. Craig Wright as Bitcoin Founder

Years of speculation and still plenty of non-believers, at least one nation's government this week has recognized Dr. Craig Wright as Bitcoin's founder.

We Made It: Bitcoin Climbs Above $10K

We Made It: Bitcoin Climbs Above $10K

Bitcoin hit a milestone Friday June 21 with a climb above the $10,000 mark, the highest since early 2018.

Sportsbook Solution Catering to the Portland Oregon Market

Sportsbook Solution Catering to the Portland Oregon Market

It's one thing to have access to an online sportsbook solution that generates fresh lines and allows players to seamlessly place bets, it's another to have a solution that caters specifically to the Portland market.

Syndicate