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Five Bullish Monthly Charts That Suggest Bitcoin Will Blast Off


Tomorrow is the last day of the month of July, and Bitcoin is at a pivotal moment in its lifetime. The crossroads of a possible bear market or bullish continuation is here, and the path chosen will dictate the trend for potentially months or years to come.

The monthly timeframe could provide clues as to what might be next, and we’ve got five ultra bullish technical charts and reasons why Bitcoin is more likely to blast off than fall further from here...

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https://ecoindiscuss.com/five-bullish-monthly-charts-that-suggest-bitcoin-will-blast-off/

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Payments Provider Clear Junction Stops Processing Payments for Binance – Bitcoin News


On Monday, the global payments solutions provider Clear Junction announced it ceased processing transactions for Binance. The move by Clear Junction was brought on by the Financial Conduct Authority’s (FCA) recent warning, according to a blog post written about the decision...


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https://ecoindiscuss.com/payments-provider-clear-junction-stops-processing-payments-for-binance-bitcoin-news/

Bitcoin Prints Bullish Pattern, Why Close above $35K Is Crucial

Bitcoin Price Starts Fresh Increase

Bitcoin formed a decent support base above the $32,000 zone and started a fresh increase. BTC broke the $33,500 resistance zone and the 100 hourly simple moving average.

It even surpassed the $34,000 resistance to move into a positive zone. However, the price is still struggling to surpass the main $35,000 resistance zone. A high is formed near $34,600 and the price is now correcting gains...

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https://ecoindiscuss.com/bitcoin-prints-bullish-pattern-why-close-above-35k-is-crucial/

People Want to ‘Buy Bitcoin’ and Not Sell, Internet Data Shows


Bitcoin Buyers See Clear Opportunity

Shenliancaijing has issued a report (Chinese) showing that Bitcoin inquiries are up 183% on Baidu over the past thirty days. Such interest is not surprising given the current turmoil across the global economic landscape...


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https://ecoindiscuss.com/people-want-to-buy-bitcoin-and-not-sell-internet-data-shows/

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How To Improve Your Website Ranking On Google

Google website ranking has a way of impacting your audience and the kind of engagement your website gets. When you rank higher on Google, how will be seen more by people, which is of great benefit to your website.

When someone looks for a company or a place close to their area, locations such as Maps and Search will locate local results across Google. If you look for an “Italian Restaurant” on your mobile device, for example, you may undoubtedly discover local products...

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https://ecoindiscuss.com/how-to-improve-your-website-ranking-on-google/

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Bitcoin Printed This Exact Pattern Prior to 2019’s Explosion to $14,000. It’s Back

On April 1st, 2019, after a brutal Bitcoin bear market that brought the cryptocurrency down by 80% and more, something changed: BTC saw “fireworks” as the price exploded 25% in a single day, marking one of the largest moves for the asset in its short but storied history.

At first, many laughed it off as pure manipulation, suggesting it was a false rally that would end in Bitcoin falling back to the bear market lows. But, in a now-famous tweet, cryptocurrency trader B.Biddles (handle @Thalamu_ on Twitter) remarked that the price action from late-2018 to the 25% gain formed a literal “textbook BARR bottom.”..


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https://ecoindiscuss.com/bitcoin-printed-this-exact-pattern-prior-to-2019s-explosion-to-14000-its-back/

Bitcoin And Modern Soft Fork Activation – Bitcoin Magazine

Taproot, a proposed protocol upgrade that would improve Bitcoin’s privacy and flexibility, is in its late stages of development. Bitcoin Core contributors agree that the upgrade would benefit Bitcoin, and so far it generally appears to be welcomed by the wider Bitcoin ecosystem as well. It’s therefore likely that Taproot will make its way into a Bitcoin Core release, with other Bitcoin implementations possibly to follow...


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https://ecoindiscuss.com/bitcoin-and-modern-soft-fork-activation-bitcoin-magazine/

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Bitcoin is Resting on a Crucial Support Level; Here’s What Analysts are Saying

Bitcoin and the entire cryptocurrency market have not seen too much upwards momentum as of late.

The strong uptrend that guided the market higher over the past couple of months has all but disappeared, as bears are now trying to take control. This weakness has come about due to the crypto’s inability to break above its previously set all-time highs.

One trader is now noting that the cryptocurrency could be on the cusp of seeing a rebound, but there’s a key level that it must first break above...

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https://ecoindiscuss.com/bitcoin-is-resting-on-a-crucial-support-level-heres-what-analysts-are-saying/

Nothing Will Replace Bitcoin (Exclusive Interview)

Kevin O’Leary, who recently allocated 3% of his portfolio in BTC, has no plans to sell his coins anytime soon, the millionaire told CryptoPotato in a recent exclusive interview.

He also noted that 2021 is a pivotal year for Bitcoin as more and more institutions are looking to enter the space but are wary of energy consumption concerns...

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https://ecoindiscuss.com/nothing-will-replace-bitcoin-exclusive-interview/

BTC price doesn’t care about El Salvador? 5 things to watch in Bitcoin this week

Bitcoin (BTC) begins another week below $40,000 but with two major new landmarks under its belt.

After falling over continued FUD from China over the weekend, Bitcoin adoption has also seen an unexpected first — from El Salvador and Paraguay.

With the world potentially about to greet its first two “Bitcoin nations” in history, there’s plenty to be bullish about, but can BTC price action catch up?

Cointelegraph takes a look at five things which may change the status quo in BTC/USD over the coming days.

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https://ecoindiscuss.com/btc-price-doesnt-care-about-el-salvador-5-things-to-watch-in-bitcoin-this-week/

Bitcoin Faces Another Rejection, Here’s What Could Trigger Nasty Decline

Bitcoin Price Trims Gains

Bitcoin started a decent increase above the $37,500 resistance zone. BTC even broke the $38,000 resistance level and settled well above the 100 hourly simple moving average.

The bulls gained strength for a push above the $39,000 level. However, they struggled to a move towards the $40,000 level. The price topped near the $39,500 level and it recently started a fresh decline. There was a break below the $38,500 and $38,000 levels...

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https://ecoindiscuss.com/bitcoin-faces-another-rejection-heres-what-could-trigger-nasty-decline/

The Patriotic Case For Bitcoin

An anarchistic digital currency pioneered by cypherpunks and first used on shady internet sites is not something one would typically associate with patriotism. Nevertheless, as our country strays further from its founding ideals of liberty, decentralization, and personal responsibility, perhaps Bitcoin is precisely what is needed to return us to those roots...


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Why Cardano Has Seen a Surge in Investment Inflows Over Last Week

Cardano has fallen with the rest of the market but seems more resilient than other assets in the crypto top 10 by market cap. At the time of writing, ADA trades at $1.52 with a 2.8% profit in the daily chart and a 3.9% profit in the 1-hour chart. Over the past month, ADA also records an impressive 36.8% rally...


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https://ecoindiscuss.com/why-cardano-has-seen-a-surge-in-investment-inflows-over-last-week/

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Bitcoin is About to Post the Highest Monthly Candle Close Ever as Bulls Roar

Bitcoin and the entire crypto market have been caught in the throes of an intense recovery over the past few days, with the recent selloff proving to be highly fleeting.

The market’s potent response to this intense decline indicates that some serious upside could be imminent in the days and weeks ahead.

Any extension of this momentum could result in the cryptocurrency seeing fresh all-time highs...

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https://ecoindiscuss.com/bitcoin-is-about-to-post-the-highest-monthly-candle-close-ever-as-bulls-roar/

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30,000 New Wallets Created Over The Past 90 Days

The number of Bitcoin addresses containing more than 0.01 BTC has increased substantially in the past two months. The question remains if the reason behind it is the upcoming Halving in May, the economic uncertainty caused by the COVID-19 pandemic, or both.
BTC Addresses Go Up

The popular cryptocurrency monitoring resource, Glassnode Insights, provided a chart regarding the number of Bitcoin addresses with at least 0.01 BTC in holdings (worth approximately $69 at the time of this writing.)...


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https://ecoindiscuss.com/430000-new-wallets-created-over-the-past-90-days/

Bitcoin Recovery Runs Into Crucial Resistance, But 100 SMA Holds The Key

Bitcoin Price is Gaining Traction

After trading as low as $10,139, bitcoin price started a decent recovery against the US Dollar. BTC broke a few important hurdles near $10,400 and $10,550 to move into a short-term positive zone.

The recovery was such that the price settled above the $10,550 level and the 100 hourly simple moving average. There was also a break above a major bearish trend line with resistance near $10,600 on the hourly chart of the BTC/USD pair...

For More Details

https://ecoindiscuss.com/bitcoin-recovery-runs-into-crucial-resistance-but-100-sma-holds-the-key/