..

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

Bitcoin Slips Below $50k After Musk Says Tesla Won’t Take It

Bitcoin Slips Below $50k After Musk Says Tesla Won’t Take It

The price of bitcoin fell below $50,000 Thursday morning after Tesla CEO Elon Musk tweeted a day earlier that the electric car maker would stop accepting the digital currency as payment for its vehicles.

Get a Job in Cryptocurrencies

Get a Job in Cryptocurrencies

Getting a job in cryptocurrency will more than likely require a certificate or degree.  One can begin by taking online courses.  Bitcoin Theory covers the design of Bitcoin as a system as prescribed by Satoshi Nakamoto.

Bitcoin Was Created With the Gambling Industry in Mind

Bitcoin Was Created With the Gambling Industry in Mind

In a sign that life may be coming back to normal following over a year of dealing with a global pandemic, CoinGeek's Rebecca Liggero Fontana sits down with the one and only Dr. Craig Wright in her first in-person interview in more than a year.

 One-Stop Wallet, Please!

One-Stop Wallet, Please!

While it may not be prudent to keep all of your eggs in one basket, it would certainly be nice if you could buy all of your eggs from the same market regardless of which eggs you want. The same could be said about the numerous crypto currencies available today. There are new ones popping up what seems to be almost every day. The problem is that you need to have multiple crypto wallets and use multiple exchanges in order to acquire, trade or sell them. 

SpaceX Accepts Dogecoin as Payment to Launch Moon Mission Next Month

SpaceX will launch a satellite to the moon next year funded entirely with the cryptocurrency dogecoin, Canadian company Geometric Energy Corporation (GEC), which will lead the lunar mission, announced on Sunday (May 9).

Syndicate