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Is Bitcoin BTC Price Finally Making a Comeback?

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New data has shown a sudden and unexpected shift within the crypto market, where the Bitcoin BTC price stopped its free fall and is currently rising once more. The number one currency is experiencing an 8.29% growth at the time of writing, with its current price nearing $4,400.

The new change has confirmed once again just how chaotic Bitcoin can be, and investors are still trying to find a source of this twist. Despite the fact that Bitcoin has had numerous ups and downs in 2018 alone, that it has gone through two serious market crashes, and almost an entire bearish year, it still remains the number one digital currency.

Bitcoin is continuing to dominate the market in terms of value, market cap, rank, age, and several other aspects. In the meantime, investors are asking another important question, which is — how far up can Bitcoin go?

Potential heights of Bitcoin

As stated previously, Bitcoin is the most unstable cryptocurrency around. It started this year with a price of $20,000 and nearing its end, it dropped to $3,700. While many have predicted that BTC will reach its old value of $20,000 or more by the end of the year, this seemed unlikely until today.

Investors and experts alike were now reminded that not a lot is certain when it comes to Bitcoin and that its price can be in free fall, and then shift to an unpredicted surge, all in one day. Considering that the year is nearing its end, and cryptocurrencies’ tendency to rise without any apparent reason in this time of year, it is currently unknown when this surge will stop.

It might be a short-term price correction that follows the selloff and BCH hash war, or it might be a start of a bull run that investors have been hoping for since January. Right now, it is believed that this is the first real price surge since July. Analysts have also stated that constant bouncing shows strong demand for the coin. However, in case it falls once more, the move down will be a very violent one.

However, if the coin manages to hold on to the current trend, there is no way to predict where it may end up. The only thing that is certain in this scenario is that it will step up.

Based on the coin’s history, analysts have set up numerous milestones that its value is expected to hit, whether it goes up or down. The price of $3,700, at which the coin stopped its free fall was one of those milestones. When the price is falling, these prices are expected to soften the fall and try to keep the coin from going any further. When the price is rising, these values are resistances that are to be broken. The latest resistance that BTC managed to break was at $4,150, and the coin exceeded it with ease.

Right now, it is closing the gap between its current price and $4,400, and after that — it is anyone’s guess. However, experts say that considering BTC’s activities in the last two weeks, breaking through these resistances will be a difficult task.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

How Bitcoin Has Changed Online Gaming

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We always hear how Bitcoin is great for the financial industry, how it can remove the middleman and help you save money while you spend money. How it can provide fast transactions at any time to any place, even when you wish to send money to someone on the other side of the world.

While all of that is true, it is important to remember that Bitcoin’s impact does not end there. The coin has already changed countless other industries, but one of the first ones that have accepted it with open arms — and therefore one that was changed the most — is the online gaming industry.

Bitcoin’s impact on online gaming

The first thing to note here is that digital currencies have found their use in online gaming thanks to microtransactions. However, it goes far beyond simply purchasing an in-game item from another player. Bitcoin’s biggest impact, without a doubt, concerns online gambling, sports betting, and similar activities.

Bitcoin brings security and anonymity

Bitcoin casino has become one of the new most popular places for an online gambler to visit, and for numerous reasons. Bitcoin brought increased security — to the financial industry, as well as online games. This is important because security is crucial for anyone who enjoys online gambling. It…

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Bitcoin

The Crucial Role of Cryptocurrencies & Blockchain in Modernising The Telco Industry

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Blockchain has caused quite a stir in recent years. In fact, there’s a school of thought that firmly believes the digital ledger technology will prove to be the 21st Century’s biggest innovation

There are a great many industries braced for the disruptive force of blockchain, and the sweeping benefits it can bring to telecommunications can’t be underestimated. 

A blockchain is a decentralised, distributed, public digital ledger that’s fundamentally used to record transactions online. Every transaction that takes place is recorded across an extensive array of computers in a way that ensures that any individual record within the chain can’t be tampered with or retroactively modified. 

Because of the virtually impregnable security associated with blockchain and the efficiency that comes with a fully decentralised ledger, there’s plenty of potential for the technology within the telco industry in particular – especially given the financial flexibility that comes with cryptocurrency transactions beyond borders. 

Let’s take a deeper look at the important role that both blockchain and its associated cryptocurrencies can play in modernising and securing the telco industry:

Unprecedented security

The arrival of blockchain is causing a stir at Deloitte. The professional services giant has contributed tens of thousands of words on blockchain within its ‘insights’ network, and there are…

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Will Bakkt Push Bitcoin into the Mainstream?

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Bitcoin has been in a prolonged bear market for some time and has dropped as low as $8300 in recent weeks. This is the worst time for the cryptocurrency since prior to the bitcoin boom in 2017, and it has led to speculation that the original cryptocurrency could be on the decline. However, the digital asset may be about to bounce back. This could be thanks to Bakkt, the new digital asset platform which aims to provide a secure and well-monitored place for investors to trade bitcoin. Some analysts are even suggesting that this could lead bitcoin into the mainstream.

Bitcoin has been teetering on the edge of the mainstream for some time now, with various companies accepting payments in the digital currency. The reason why it hasn’t yet taken off is that it doesn’t have enough practical applications to encourage the everyday person to start using it. But the market is there for alternative payments, and this is particularly apparent in the online casino industry when new sites crop up. For example, Johnny Jackpot is a smashing new casino brand that accepts a number of payment systems including Neteller, Skrill, and Paysafecard. Global customers want to be able to use options like these which were designed for the internet.

The problem with all of the aforementioned systems…

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