The Senate Bill 1091, which intends to enable cryptocurrencies for tax payment, was introduced Jan. 10, 2018 and passed by the Senate Finance Committee by a 4-3 vote on Jan. 24.
Bitcoin may be experiencing a potential bear trap for those who open up shorts this evening? Let's look at the charts and see what's really going on with the price of Bitcoin!
Category Fundamental Analysis
Let's talk about Particl, the decentralized e-commerce platform with plans to disrupt e-commerce in a major way. I was skeptical, as always, about any cryptocurrency-based company claiming to have to ability to disrupt services like Amazon and other major online retailers.
Given the larger picture of the market correction concerning Bitcoin and other Altcoins, experienced investors know that we are in a perfect purchasing position and have been for the last week. Good positions like these market-wide do not come around everyday.
We are back within the falling wedge formation! After a daily bearish move downwards, we have shot back up. Is this a reversal finally, back into a range of motion that would make me bullish, or is this another dead cat bounce?
The current price of Bitcoin is $6,532 on Coinbase. Today's high was $7097 with a low of $6483. Clearly the chartists were wrong with their target of $7500 as the bottom, as we saw the slight rebound after wicking down to the 200 Day SMA peter out.
New Cracking Crypto video is uploaded! Learn the basics on investing and trading Bitcoin and other Cryptocurrencies! I put $200 in ADA last night, today it's up 120%. Have you ever heard of those kind of gains?!
Well it happen, 10k. Then, 19k. Almost 20k! This BTC run has been phenomenal, and continuously grown in a parabolic craziness surrounded by nothing but speculation and excitement.
Today we're going to be talking about NEO and GAS being added to Korean exchange Coinrail! We'll also be talking about the upcoming Ethereum Classic hardfork, SIX DAYS and Counting Down!