#Bitcoin BTC Long Term Price Analysis: 28 October Published 3 weeks ago on October 28, 2018 By Azeez Mustapha Share Tweet Bias for Bitcoin (BTC) – Ranging Resistance Levels – $6800, $6900, $7000 Support Levels – $6100, $6000. $5900 BTC remains in a range-bound market on the long-term outlook. The past two weeks have been an indecisive moment for the cryptocurrency which direction it would love to go. The absolute market control was neither with the bulls nor the bears. The week just ended was started with an inverted hammer at $6586.70 above the two EMAs which was an indication of the bears returned. The bearish pressure did drop BTCUSD to a low of $6462.90 on 25th October. Attempts by the bulls to stage a comeback was rejected by the bears at the 50-EMA on 24th and 26th October when BTCUSD was up at $6626.30 and $6597.40 respectively in the resistance area. The stochastic oscillator is in the oversold region at 19%, and its signal is pointing down which favors the bears continued dominance in the days ahead coupled with the price below the two EMAs an indication of strong bears pressure. BTC is in consolidation and trading between $6700 in the upper supply area and at $6250 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area is imperative. To flow with the trend, traders should be patient to allow this to take place before taking a position. Related Topics:BitcoinBitcoin Analysisbitcoin analysis long termbitcoin analysis short termBitcoin bearsBITCOIN BTCbitcoin BTC pricebitcoin bullsbitcoin predictionBitcoin predictionsbitcoin priceBitcoin price analysisbitcoin price fallbitcoin price nowbitcoin price todaybitcoin prise risebtcbtc analysisbtc investBTC Investmentbtc long term analysisBTC predictionBTC predictionsbtc pricebtc price analysisbtc price nowBTC price predictionBTC price predictions Up Next ETH Long Term Price Analysis: 28 October Don't Miss XRP Long Term Trading Signals: 28 October Continue Reading You may like Bitcoin is Halal? Will crypto rise with mass Muslim adoption? Bitcoin Price Analysis: Will BTC Rise Again? Bitcoin Cash Fork Explained, Forking the Fork on 15 November BCHABC or BCHSV? Lets prepare for Bitcoin Cash Hard Fork Economists: Huge Cryptocurrency Boom Predicted, US Dollar likely to fall sharply in 2020 Can Bitcoin Hit $90,000 Within Five Years? Click to comment Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website #Bitcoin Bitcoin is Halal? Will crypto rise with mass Muslim adoption? Published 5 hours ago on November 18, 2018 By Layla Harding Erol Yarar, the chairman of the international business forum has suggested all Islamic nations to adopt the cryptocurrency system for transactions with each other rather than adopting the US Dollar as according to him the US Dollar is used as a weapon by the United States to wreak economic havoc. Calling US Dollar a ‘Punishing Tool’ Yarar expressed his concerns by stating that the US dollar is used by the United States Government to punish a specific country that the United States is not willing to be in peace with. He also stated that the United States Government uses the US Dollar to lower down the money transactions, for imposing sanctions and for making nations bowing down in front of the United States. Yarar said that the US Dollar is not just a common currency but also a sanctioning tool. Also saying that at the International Business Forum this year, they will discuss the term monetary pluralism for implementing a democratic trading environment and the top features to be discussed at the next International Business Forum meeting would be the usage of Blockchain Technology and Cryptocurrency for the financial sector in the Muslim countries especially the middle east. Yarar said: “We will make a cryptocurrency system, that will be used for international trade among Islamic countries, a current issue.” Bitcoin Halal? Many Islamic Scholars are discussing the real nature of cryptocurrencies with some of them calling it a ‘HARAM SYSTEM’ or ‘ILLEGAL SYSTEM’ while others calling it a ‘HALAL SYSTEM’ or ‘LEGAL SYSTEM’ according to the Islamic principals with some Mosques such as the Shacklewell Lane Mosque in London have also started to accept cryptocurrencies as donations. What do you think about bitcoin and other cryptocurrencies being termed as Halal? Tell us in the comments section below. Continue Reading #Bitcoin Bitcoin ETF: Worlds first Cryptocurrency ETF approved Published 16 hours ago on November 17, 2018 By Nadja Eriksson The world’s first Cryptocurrency ETF has been approved by the Switzerland authorities which will start trading on SIX, the 4th largest exchange in whole Europe which has a market capitalization of over $1.6 trillion. ETF offered by Amun AG Amun AG, a cryptocurrency startup is offering the fund that will allow the institutional investors to invest in the major cryptocurrencies such as bitcoin, ethereum, ripple, litecoin, and bitcoin cash. Hany Rashwan, the CEO and Co-founder of the company said that the following ETP will provide an opportunity to the institutional investors that are restricted to investing in just securities and also give the same opportunity to retail investors that are unable to access cryptocurrency exchanges to due regulatory pressure. The CEO also said that before choosing Switzerland, the company had explored 23 other destinations around the world but found Swiss the most suitable. The ETF will allow investors in buying the market and investing in crypto market as a whole. When investors will be investing in a fund, an amount equal to their purchase value will be held on their behalf by the custodian. Continue Reading #Bitcoin Bitcoin Cash BCH Hash Wars: Who is winning? Published 1 day ago on November 17, 2018 By Janet F. Sanchez The Bitcoin Cash hash war is still on with close to 300 blocks mined on the BCHABC side using the new ruleset, which has also given the BCH network the most accumulated proof of work. Cryptocompare has given the BCH ticker to BCHABC chain followed by Bittrex also appointing the ABC chain with the BCH ticker. The ABC chain has gained more support and also mined more blocks since the split of the BCH chain into BCHABC and BCHSV. The SV chain has performed less work till now. Faketoshi “Satoshi’s Shotgun” Craig Wright had earlier threatened that he will destroy the BCH ABC chain by mining empty blocks using his huge hash power, which is being called “Satoshi’s Shotgun”. BCH ABC has apparently survived the Shotgun. Peter Rizun from Bitcoin Unlimited said: “The difference in network effect stark: BSV has few users, no OSX or Windows clients, no block explorer, perhaps one mobile wallet, and a shotgun that doesn’t shoot so straight,” According to cash.coin.dance, BCH ABC is currently 51.9% ahead on proof of work and is 15 blocks ahead, meaning miners will to secure the BCH ABC side and that exchanges ca resume deposits and get everything back to normal. Many supports believe that the ABC side has already won the battle. Bittrex has listed the ABC chain as BCH and the SV chain as BSV. While many BCH supports are claiming that the war is over and the ABC side is close to winning it, SV supporters still believe that the hash war will continue for weeks and Craig Wright continues to claim that he will destroy the ABC chain by mining empty blocks. What do you think about the hash war? Comment below Continue Reading Advertisement Advertisement Latest Crypto News #Bitcoin5 hours ago Bitcoin is Halal? Will crypto rise with mass Muslim adoption? #Ripple Price Analysis7 hours ago XRP price analysis and market updates #Bitcoin16 hours ago Bitcoin ETF: Worlds first Cryptocurrency ETF approved #Ethereum Price Analysis17 hours ago Ethereum Price Analysis: Can ETH cross 200? Bitcoin Cash1 day ago Why Bitcoin Cash SV is the real winner of the Hash War #Bitcoin1 day ago Bitcoin Cash BCH Hash Wars: Who is winning? Bitcoin2 days ago Cryptocurrency Mining getting too expensive #SEC2 days ago Spanked by the SEC: Paragon and Airfox ICO #Bitcoin Price Analysis2 days ago Bitcoin Price Analysis: Will BTC Rise Again? #Ripple2 days ago Ripple Latest Updates and XRP Market Analysis #Bitcoin Cash Price Analysis3 days ago Bitcoin Cash Price Analysis: BCH post fork downfall Bitcoin Cash3 days ago 3 possibilites that can happen during the bitcoin cash hardfork #Daily Price Analysis4 days ago Cryptocurrency Market losers of the day: BCH, XLM, IOTA, ETC and ADA #Ripple Price Analysis4 days ago Ripple Price Analysis: Will XRP fall ahead? #Bitcoin Cash Price Analysis5 days ago The Battle: Bitcoin Cash ABC Vs Bitcoin Cash SV Live Crypto Prices BTCUSDAUDCADEURBitcoin(BTC) 5618.64057528Ethereum(ETH) 176.719845493Bitcoin Cash(BCH) 385.565147491EOS(EOS) 4.582590061Litecoin(LTC) 42.2816432465Cardano(ADA) 0.0618485057TRON(TRX) 0.0188366883Dash(DASH) 132.584153504NEM(XEM) 0.0932694026 Trending #Blockchain3 months ago What is DigixDAO coin? Trade DigixDAO on Blockonix Exchange. #Blockchain4 months ago What is Aeternity Token and its future? Fully Explained. Adoption2 months ago SWIFT will use XRapid to process payments using XRP. Here is the proof #Blockchain3 months ago What is Mithril coin? Trade MITH on Blockonix exchange. #Blockchain4 months ago Ethereum vs EOS: Which one is the Vanquisher? #Blockchain4 months ago What is Maker Token? Fully Explained. Is MKR overpriced? #Bitcoin3 months ago How to buy Bitcoins in Sri lanka? Explained. #Blockchain4 months ago What is Ontology Token? Is it worth investing in 2018?