Crypto Whale Loads 2,000 Bitcoin (BTC) on Binance As Traders Track 250,000,000 XRP on the Move – The Daily Hodl

As Bitcoin continues its steady climb toward $10,000, crypto traders are closely watching whale movements connected to the leading cryptocurrency.

Hours ago, a large Bitcoin holder moved 2,000 BTC worth $18.6 million onto the crypto exchange Binance where it could potentially be sold for altcoins or cash.

The 2,000 BTC is only part of the whales total Bitcoin holdings. The owner still has 4,053 BTCremaining in the original wallet.

So far, Bitcoins price remains undeterred. The king of crypto is up 0.42% at $9,352, according to COIN360 at time of publishing.

The rest of the market is rising alongside BTC, with Ethereum (ETH) up 4.86% at $182.36, XRP up 3.12% at $0.2412 and Bitcoin Cash up 0.03% at $384.58.

Meanwhile, the XRP community is monitoring an ongoing series of large transfers involving the South Korean cryptocurrency exchange Bithumb.

In the last 24 hours, 250,000,000 XRP worth $60 million left a known wallet owned by Bithumb and was sent to a separate wallet that was activated by the exchange. It happened in two separate transactions, with the first moving 100,000,000 XRP and the second moving 150,000,000 XRP.

The movements could either be Bithumb shifting its own funds around or the sale of XRP to a user or institutional player on its exchange. Last week, Bithumb sent 212,000,000 XRP from the same wallet.

Featured Image: Shutterstock/JanineS

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Crypto Whale Loads 2,000 Bitcoin (BTC) on Binance As Traders Track 250,000,000 XRP on the Move - The Daily Hodl

Bitcoin Price Analysis: $10,000 In Sight, However Bearish Divergence Might Ruin The Bulls Party? – CryptoPotato

Since Bitcoin broke firmly above the $9K price line last Tuesday, we saw the coin consolidating mostly inside the range of $9300 $9400.

The beautiful thing about Bitcoin is that its volatility will ever stay. It doesnt really matter whether Bitcoin price is trading for $10, $100, or $9000.

Yesterday we saw another volatile move a-la Bitcoin: in under 30 minutes, we saw Bitcoin dropping from $9450 to $9000, only to mark a new yearly high at $9570 not so long after.

The day traders who had kept their positions with stop-loss commands in that region were very unhappy to find their position liquidated in loss following this mini flash-crush.

As a reminder, the $9550 was mentioned by us on the previous price analysis as the next level of resistance above $9400.

Bitcoins recent price action is respecting the ascending channel on the 4-hour chart below. As can be seen, yesterdays low of $9170 (Bitstamp) reached down precisely to the supporting line.

The overall picture is bullish; however, some signs suggest that Bitcoin might need to visit lower areas in the short-term, before continuation further above.

Total Market Cap: $258 billion

Bitcoin Market Cap: $170 billion

BTC Dominance Index: 66.0%

*Data by CoinGecko

Support/Resistance levels: Bitcoin is now back at the confluence zone between $9300 $9400. The first level of resistance lies at the yearly high at around $9550.

Further above lies the resistance area of $9700 $9800, which includes the top boundary of our marked ascending price channel (marked on the following 4-hour chart). Higher above lies $10,000 and $10,300.

In the likely event of a correction, then the first level of support is the marked ascending trend-line on the 4-hour line (~$9280). Down below lies $9200 before the $9000 benchmark. Further down lies the significant 200-days moving average line, roughly around $8850.

The RSI Indicator: As mentioned in the previous price analysis, the momentum indicator had failed to breach the short-term ascending trend-line, together with the 71-72 RSI levels. This had resulted in a bearish divergence that supports the idea of a possible correction.

Besides, the Stochastic RSI oscillator is about to make a bearish crossover at the overbought area. This also supports the correction option in case the crossover is made.

Trading volume: The volume levels had started to increase over the past days, which is a bullish sign supporting the longer-term bullish trend.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

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Bitcoin Price Analysis: $10,000 In Sight, However Bearish Divergence Might Ruin The Bulls Party? - CryptoPotato

Do or Die For Bitcoin Bears: Its The Most Critical Period For BTC – newsBTC

Bitcoin corrected lower, but stayed above the $9,150 support against the US Dollar. BTC bears need to push the price below $9,150 or the price could rally above $9,500.

After a strong upward move, bitcoin found resistance near $9,400 against the US Dollar. Recently, BTC corrected lower below the $9,350 and $9,300 levels, but the bears struggled to gain strength.

There was a break below the 23.3% Fib retracement level of the key upward move from the $8,875 low to $9,426 high. The price even spiked below the $9,200 support level.

However, the bulls remained active above the main $9,150 support. It seems like the 50% Fib retracement level of the key upward move from the $8,875 low to $9,426 high acted as a strong support.

More importantly, this weeks important bullish trend line is intact with support near $9,210 on the hourly chart of the BTC/USD pair. Bitcoin price is currently rising and it is trading above the $9,300 level.

Bitcoin Price

The first key resistance is near the $9,420 area. If the bulls manage to surpass the $9,420 level, there are high chances of a clear break above the $9,500 resistance area. In the mentioned case, the price is likely to surge towards the $9,880 and $10,000 levels in the coming sessions.

On the downside, the trend line support near $9,210 is the first important support. The main support is near the $9,150 level.

If bitcoin bears succeed in clearing the $9,150 support, the price is likely to start a larger decline towards the $8,860 support level or the 100 hourly simple moving average. An intermediate support is near $9,000 or the 76.4% Fib retracement level of the key upward move from the $8,875 low to $9,426 high.

Technical indicators:

Hourly MACD The MACD is likely to move back into the bullish zone.

Hourly RSI (Relative Strength Index) The RSI for BTC/USD is currently rising and it is just above the 50 level.

Major Support Levels $9,150 followed by $9,000.

Major Resistance Levels $9,400, $9,425 and $9,500.

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Do or Die For Bitcoin Bears: Its The Most Critical Period For BTC - newsBTC

Coinbase going offline leads to insane Bitcoin volatility; heres what could happen next – CryptoSlate

Bitcoin (BTC) just experienced some wild volatility, with bulls catalyzing a sharp upwards movement to highs of $9,500 before bears ramped up the selling pressure and led the cryptocurrency to dip all the way to $9,200. This immense drop was followed up by another rapid surge, which came about when bulls posted a strong defense []

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Elon Musks Tesla Is Bitcoin on Wheels and the Bubble Will Burst, Warns GLJ Research CEO – The Daily Hodl

The CEO of the Chicago-based investment firm GLJ Research is comparing Teslas skyrocketing stock to Bitcoin.

In a new interview with Fox Business, Gordon Johnson saysElon Musks flagship car company is like Bitcoin on wheels and the bubble is bound to burst.

We think this is a bubble. We think its effectively Bitcoin on wheels. We think a lot of people are scared to miss the upside. If you look at the numbers, their net income for the year was just under negative $900 million. The revenue growth in Q4 was up just 2.2%, and we think that 2020 is going to be a disaster for them. The growth story is China. The coronavirus is going to significantly dent car demand in China. And their US sales last year were down 3%. GMs were only down 2.2%.

Johnson also compares the number of cars Tesla is delivering to the number General Motors is pumping out, and says the wide gap shows Teslas market cap should be significantly lower.

If you look at the numbers, Tesla is effectively guiding to just over 500,000 in production this year effectively by those estimates, deliveries. In February of last year, they guided to 420,000 to 600,000 cars delivered. They delivered 367,500 cars. So the guidance for this year is lower than the high end of the guidance they gave for 2019 last year.

Think about it. They are trading at a multiple of GMs market cap. GM does 500,000 cars in three weeks, so we think its gotten ahead of itself.

Bitcoin (BTC) is known for its extreme volatility and its history of mounting parabolic rallies followed by crashes of 80% or more.

Although the emerging asset remains extremely risky, the top cryptocurrency was the best performing investment of the last decade, beating stocks, bonds and commodities worldwide.

Featured Image: Shutterstock/ParabolStudio

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Elon Musks Tesla Is Bitcoin on Wheels and the Bubble Will Burst, Warns GLJ Research CEO - The Daily Hodl

Trustverse Token Now Listed for Trading on Bitcoin.com Exchange and Users Can Win 1 Million TRV – Bitcoin News

The Bitcoin.com Exchange continues to rapidly expand its offerings. The latest asset to join it is the Trustverse token, which is now listed for trading on Bitcoin.coms premier trading platform. To promote the success of the new listing, Trustverse is conducting a giveaway of 1 million TRV tokens.

Also Read: You Can Now Buy Cryptocurrency With Credit Card on Bitcoin.com Exchange

Bitcoin.com Exchange has listed the Trustverse token for trading (TRV/BCH) on January 28, 2020. This AI-powered blockchain-based platform strives to create an invest and relax experience where investors can obtain the information they need in a comprehensible manner to make informed decisions.

Ultimately the project aims to build a universe of trust, hence the name. To achieve this goal, they have integrated a variety of services into the platform, which are all named after planets in the solar system.

Jupiter is their Digital Asset Analytics service that helps traders navigate complex indicators and markets by providing a comprehensive outlook on the crypto markets, similar to the weather forecast. When the market is bullish, Jupiter will show a sunny outlook, while bearish sentiment will result in an image of less clement weather.

The wallet complementing the platform is called Mars and provides users with control and transparency. Currently, the wallet can be used to store bitcoin, bitcoin cash and ERC20 tokens. In addition to enabling peer to peer transfers, the wallet offers escrow services.

The third planet in this universe is Pluto, a Wealth Management dapp helping people to properly take care of insurance and managing inheritance. To prevent losses of digital assets in case of death, Pluto allows users to define conditions in which private keys are released to their inheritors with the help of smart contracts.

Two of the offered services, Jupiter and Mars, have been integrated with the Samsung blockchain ecosystem, making them more broadly available. And Trustverse is working on soon adding the next two planets, Mercury and Neptune. In the joint platform, all services can be accessed via the token (TRV), which is used to pay for different financial services and to run smart contracts.

Bitcoin.com Exchange was launched in early September 2019 as an easy-to-use platform with world-class security and a powerful trading engine. The platform employs institutional-grade encryption, two-factor authentication (2FA) and IP whitelisting to keep user accounts secure at all times. Available digital assets include ADA, ATOM, BCH, BTC, EOS, ETC, ETH, LTC, ONT, TRX, USDT, WAVES, XLM and XRP.

To promote the success of the new listing, Trustverse is giving away 1,000,000 TRV tokens to users on the platform. Users with net deposits (deposits minus withdrawals) of over 50,000 TRV made during the activity period will share a pool of 1,000,000 TRV. The activity period ends 31/01/2020 at 23:59 (UTC). See full details here.

What do you think about Bitcoin.com Exchange listing the Trustverse token? Share your thoughts in the comments section below.

Images courtesy of Shutterstock.

Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

Avi Mizrahi is an economist and entrepreneur who has been covering Bitcoin as a journalist since 2013. He has spoken about the promise of cryptocurrency and blockchain technology at numerous financial conferences around the world, from London to Hong-Kong.

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Trustverse Token Now Listed for Trading on Bitcoin.com Exchange and Users Can Win 1 Million TRV - Bitcoin News

Bitcoin Aint What It Used To Be, Pioneer Investor Says – Cointelegraph

A millionaire by age 18, early Bitcoin (BTC) investor Erik Finman said the environment around Bitcoin has significantly changed since 2011 and not for the better.

It just aint what it used to be, Finman told Cointelegraph in a message on Jan. 26, 2020.

Recounting the early days, Finman explained:

Bitcoin, when it first came out, was incredible. It wasnt just cutting edge technology - it was bleeding edge! You just felt the energy in the air. That this was the real deal. Everyone felt united in this cause this mission. Those were some of the most beautiful moments of my life.

Finman made headlines over the past several years for his success as a young Bitcoiner. Finman invested $1,000 into BTC in 2011, turning him into a millionaire by the age of 18 due to Bitcoins dramatic price increases, Cointelegraph detailed in June 2017.

In late 2018, however, Finman expressed his thoughts on Bitcoins eventual demise based on several factors, including community infighting, etc.

The atmosphere seen in Bitcoins early days is now gone, Finman told Cointelegraph. Adding to his reminiscence of the assets beginnings, he noted:

[T]hose times of unity & cutting edge technology seem to be left in the past. I really care about Bitcoin - but the community cant seem to get it together in my opinion. Ive tried to get involved within the community to fix it - but it was very hostile. There is still wonderful people in the community and incredibly smart people working on the technology problem.

A popular opinion in the crypto space sees Bitcoin hitting a $100,000 price tag at some point. Finman sees no real chance for a $100,000 or $1 million Bitcoin if the community does not change, barring any drastic global disruptions, he explained.

Even if the world were to destabilize, Bitcoin isnt necessarily THE CRYPTOCURRENCY for people to put their money in, in a time like that, he said, noting Monero and Zcash as potentially better options.

Relating the situation to the death of a popular social media entity, Finman added, Bitcoin is the next MySpace if the community cant make drastic changes.

Finman has been in the Bitcoin game a considerable length of time, so his comments carry weight. Finman first invested in Bitcoin at the age of 12, so his views on the overall situation in 2011 may have differed from adults who bought it at the same time.

Several data points do, however, line up with Finmans comments on community disagreements, including the Bitcoin Cash (BCH) fork in 2017, and the birth of Bitcoin maximalism.

Cardano founder Charles Hoskinson has also expressed issues with Bitcoin. One of the biggest problems with Bitcoin, [...] is that its blind, deaf and dumb and that was by design, Hoskinson said in October 2019 in an interview on Anthony Pomplianos Off the Chain podcast.

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Bitcoin Aint What It Used To Be, Pioneer Investor Says - Cointelegraph

Developers Say Google Play Unfairly Booted Their Bitcoin Rewards Game – CoinDesk

Google recently suspended and removed bitcoin rewards game Bitcoin Blast from its Google Play app store for allegedly deceiving users, but it will not explain to the developers what exactly was deceptive about the game.

On Jan. 20, Google pulled Bling's Bitcoin Blast, a match-three puzzle game that rewards users with bitcoin-redeemable loyalty points. The Android version of the game had been live on the Play Store since May 2019, CEO Amy Wan told CoinDesk.

Within that time, she said, it amassed 800,000 users, 20,000 ratings and 13,000 written reviews, placing it at the top rank for bitcoin rewards searches.

We worked hard to try to get to where we were, Wan said of Bling's five-person developer team.

But shortly after Bling submitted a Bitcoin Blast update that featured new marketing taglines (Earn Free Bitcoin! Cash Out Free Bitcoin!), which Wan said better reflected the current app experience, Google axed it for deceptive practices.

A Google Play Store spokesperson did not respond to a request for comment by press time.

The Bling team is now unsure how to proceed with future updates; Wan said they still do not know what needs to change.

If we dont know what [Google] thinks is deceptive about the game, how can we possibly stop being deceptive? she said. We know the game inside and out, and Google is spending maybe a minute reviewing it.

Googles relationship with the cryptocurrency community has been tenuous for months. The search engine giant, owner and operator of YouTube, Chrome and Android OS has blacklisted crypto content with an often shoot-first mentality, only to then go back and rectify apparent mistakes.

A reporter played the iOS version of Bitcoin Blast for about 25 minutes on Jan. 28, earning slightly more than 1,000 loyalty points the minimum amount users can convert into bitcoin. Attempts to convert the points were successful; the reporters newly made Coinbase account received 103 sats on Jan 29.

But Bling, and the app, may now have to reset. Wan said Google would not let her team fix Bitcoin Blast without submitting an entirely new version under a fresh bundle ID deleting the games amassed history and user reviews. Google has already rejected the companys first appeal, Wan said.

Google further informed Bling, Additional suspensions of any nature may result in the termination of your developer account, and investigation and possible termination of related Google accounts, according to screenshots reviewed by CoinDesk.

If that were to happen, Wan said, it would effectively throttle Bling's entire tech infrastructure, including its iOS app hosted on Google Cloud.

For us, that was a very serious threat because our business runs on Google, she said.

After taking news of the suspension to Twitter, Wan said the Google Play developer Twitter account informed her it would grant the appeal and escalate her case. But she has not seen any meaningful changes in the Play developer console and is unsure what, if anything, will change.

I think it is a black box for all app developers, but I think in particular crypto apps are probably more sensitive, she said.

Wan said the unexplained suspension carries hallmarks of other recent Google actions against crypto programs, services and content. Late last year, YouTube deleted hundreds of crypto-related videos before reinstating most. Chrome also suspended the MetaMask wallet on suspicion it enabled crypto mining. That, too, has been reinstated.

Wan noted the Apple version of the game is still live.

I feel like [Google] is worse for crypto companies because the moment they see crypto or bitcoin, I think Google's red flags just go off, she said.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Developers Say Google Play Unfairly Booted Their Bitcoin Rewards Game - CoinDesk

Bitcoin Eyes Best January Close in 7 Years After 30% Price Increase – Coindesk

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Bitcoin appears set to register its best January price gain in seven years and could soon rise into five figures.

The top cryptocurrency by market cap is currently trading at $9,350 a hefty 30 percent gain from the opening price of $7,160 observed on Jan. 1, according to CoinDesk's Bitcoin Price Index.

If the gain is held through Jan. 31, it would be the best starting month to a year since 2013. Back in January 2013, bitcoin had rallied by 54 percent.

From 2015 to 2019, bitcoin has posted losses in January. The cryptocurrency now looks certain to snap that losing streak. The 30 percent rally is the second-best January performance on record.

Bitcoin picked up a strong bid at lows near $6,850 in the first week of this month and rose past $8,000, exiting a six-month-long downtrend. Notably, the breakout happened as the U.S. and Iran came close to war, forcing the analyst community to take note of the cryptocurrency's strengthening safe-haven appeal.

Since then, we've seen a textbook bull move: a steady uptrend with regular low-volume pullbacks testing dip demand.

The price rise is in line with historical data showing the cryptocurrency hits a new market cycle top (the highest point from the preceding bear market low) in the calendar year of a miner reward halving, but before the event, as discussed earlier this month.

With history looking to repeat itself, a further rise to levels above the June 2019 $13,880 before the May 2020 halving (supply-cutting event) cannot be ruled out.

For now, the technical charts do indicate scope for a move above the psychological resistance of $10,000.

Weekly chart

The falling channel breakout confirmed in the first week of January validated a bullish crossover of the 50- and 100-week moving averages (MAs) and opened the doors for a test of resistance at $10,350 (October high).

Supporting the bullish case are the ascending five- and 10-week MAs.

Additionally, the MACD histogram has crossed above zero, confirming a bearish-to-bullish trend change, while the relative strength index is on an upward trajectory and is reporting bullish conditions with an above-50 reading.

Daily chart

Bitcoin printed a UTC close above $9,188 (Jan. 19 high) on Tuesday, establishing a fresh higher high and signaling a continuation of the rally from the Jan. 3 low of $6,850.

More importantly, the move saw bitcoin cross the 200-day moving average (MA) with a positive "marubozu candle," which comprises of little or no wicks and a strong body.

The candle indicates buyers remained in control during the 24-hour period and the cryptocurrency closed near the high point of the day. While bitcoin did see a minor pullback to $8.870 during the U.S. trading hours, the dip only ended up recharging the bulls for a strong move higher.

The positive marubozu candle indicates that bullish sentiment is strong more so, in this case, as it shows buyers stepped without any hesitation despite prices trading close to 200-day MA, which acted as stiff resistance on Jan. 19.

Some investors may point out that bitcoin's break above the 200-day MA in October turned out to be a bull trap. But back then the overall market sentiment was bearish, with the cryptocurrency trapped in a bearish channel on the weekly chart.

Overall, the broader trend is bullish, as noted. The stage now looks set for a quick move into five figures. Pullbacks cannot be ruled out, though, and the case for a quick rise to $10,000 would weaken if prices fall back below the 200-day MA at $8,894 on the back of a spike in trading volumes.

The weekly chart will continue to paint a bullish picture as long as prices are holding above $8,000.

Disclosure: The author does not currently hold any digital assets.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Bitcoin Eyes Best January Close in 7 Years After 30% Price Increase - Coindesk

Still Too Early To Declare Longer-Term Bitcoin Trend Change – Forbes

Bitcoin's price has rallied, posting positive price structure, but it is still too soon to declare a ... [+] longer-term trend change, analyst John Bollinger explained. (Photo by INA FASSBENDER / AFP) (Photo by INA FASSBENDER/AFP via Getty Images)

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

January has yielded several bouts of upward price action for bitcoin as the asset looks back on an overall positive start to 2020. John Bollinger, financial analyst, trader, author and originator of the Bollinger Bands technical chart indicator, said he sees positive structure on bitcoins chart, but its too soon to declare a longer-term bullish trend reversal.

Im very constructive on bitcoins price right now, Bollinger told me in an interview on January 27, 2020 while bitcoins held near $8,800. Weve completed a meaningful bottom formation, he added referring to bitcoins price chart.

We broke out, pulled back from very short term, made a little test of the breakout level and rallied higher, Bollinger continued. Bitcoin then proceeded to fall back to the midline of the Bollinger Band indicator before bouncing and heading higher in price, he added.

After starting 2019 below the $4,000 mark, bitcoin experienced an exuberant price run between April and June 2019, taking the asset up past $13,800 per coin by Junes end, according to Coinbases BTC chart on TradingView.com Bitcoins price fell on difficult times in the latter half of 2019, however, posting successive lower rally attempts until the end of the year, signaling the presence of a downward bearish price trend.

In contrast, 2020 so far has yielded positive price action for cryptos pioneer asset. Bitcoin began the year around the $7,000 mark, posting a seeming bottom-like price formation, as Bollinger mentioned. The asset has since rallied in price from its chart bottom near $7,000.

Most recently, bitcoin rose from approximately $7,700 to almost $9,200 on January 19. The coin then fell down to $8,250 by January 24, finding support in that region before rallying to a press time price of $9,265.

Its a pretty constructive pattern, Bollinger said, adding to his initial comments. The expert noted bitcoin formed its price chart base pattern between November 2019 and early January 2020. So far were progressing pretty well, he said.

Bollinger pointed to a tweet he posted on January 23 which expressed that bitcoins pullback to the middle Bollinger Band near $8,300 made sense as a support level.

I pointed out on Twitter a couple days ago that what bitcoin needed to do was hold support here at the middle Bollinger Band, and thats exactly what its done, Bollinger told me.

It held support. Weve had two days of rally now and I think the price of bitcoin looks higher.

Bitcoins recent rally begs the question has cryptos top asset broken its downtrend that began last summer? I think its a little bit early to be convinced of that, Bollinger said.

We just made an intermediate term bottom and just started up we need some more evidence here in terms of a bigger picture, but I think the outlook is pretty constructive right now.

Crypto trader and Brave New Coin analyst Josh Olszewicz (CarpeNoctom onTwitter) expressed similar sentiment on January 28. Well know how bullish we are in two weeks, Olszewicz told me in a Telegram message. Mentioning multiple charting signals, including the Ichimoku Cloud and a moving average golden cross, the trader added, All trend metrics point bullish soon.

Additionally, Olszewicz said his statement applies to the entire crypto market. This is across the board on everything, not just BTC, he noted.

Despite bitcoins exuberant history and optimistic charts, some folks still remain bearish on the asset as a whole, including Berkshire Hathaway CEO Warren Buffett, who called bitcoin a gambling device in 2019, according to a CNBC report.

Disclaimer: I actively trade cryptocurrencies, as well as hold a small amount of BTC, ETH, LTC, XMR, NEO, ZEC, BEAM, BCH, DASH, LINK, XTZ andvarious insignificant other altcoin positions.

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Still Too Early To Declare Longer-Term Bitcoin Trend Change - Forbes