These Charts Prove BTC Will Suffer a Brutal Crash

 By CCN: Thinking of buying bitcoin at current prices? Think again. The cryptocurrency has surged so far, so rapidly, that its rally is already starting to crater. While the coming implosion will exert pain across the entire market, it should present new opportunities that savvy investors can leverage to enhance the long-term value of their holdings. One profitable opportunity that we’re monitoring is the flow of capital out of bitcoin and into altcoins. With the capital outflow, the Bitcoin Dominance Index should plunge to a level that favors other cryptocurrencies. In…

$1 Billion Valuation May Elude Ethereum Co-Founder’s New Blockchain Polkadot

Blockchain project Polkadot’s bid for a $1.2 billion valuation has hit a snag. Since January, the Web3 Foundation, the Switzerland-based nonprofit behind the project, has been trying to raise up to $60 million through a private token sale. According to people familiar with the situation, three Chinese funds have agreed to invest $15 million in the project’s DOT tokens. However, these three investors agreed to pay prices that, on average, valued the project below $1 billion, the sources said – falling short of the unicorn threshold Polkadot was reportedly seeking.…

Crypto Exchange OKCoin Expands Trading Services to Europe

Cryptocurrency exchange OKCoin has launched in the EU, opening up euro pairs to traders for the first time. Available from Tuesday for non-U.S. users, OKCoin’s new spot trading offerings cover euro pairs with bitcoin (BTC), ether (ETH) and bitcoin cash (BCH) at launch, with more pairs planned. The firm said on its blog that until Sept. 4, euros can be deposited and withdrawn fee-free. At the same time, OKCoin has announced the opening of a new office in Malta, featuring, it says, a “tailored set of trading services and digital assets that…

Bitcoin Recovers From 2-Week Low But Price Outlook Remains Bearish

View Bitcoin’s short-term outlook has turned bearish, courtesy of Tuesday’s UTC close below the 30-day average of price. A key daily and 3-day chart indicator is also indicating an end of the price rally from December lows. Hence, BTC’s $400 recovery from 2.5-week lows hit on Tuesday could be short-lived. Prices risk falling to $7,000 over the next few days. The hourly chart indicates the ongoing recovery may be extended to $8,000 before a potential slide toward $7,000. A UTC close above the 10-day price average at $8,383 is needed…

Bitcoin Cash (BCH) Registers A Double Digit Loss, $230 Incoming?

BCH crumble, fall by 10.4 percent Hard forks make Bitcoin Cash vulnerable After a brutal Q4 2018, Bitcoin Cash (BCH) recovery in 2019 was spectacular. However, May’s hard fork and an undesired 51 percent attack was a stain, but a necessary intervention. In a retest, BCH is retracing and could fall back to $230 in a bear trend continuation. Bitcoin Cash Price Analysis Fundamentals Within the blockchain circles, nothing is as dreaded as a Majority Attack. Better known as a 51 percent attack, this rare assault happens when a miner,…