Although the Bitcoin price GBP is faced stiff overhead resistance at £12,792.47, the bulls pushed the price above it easily and Bitcoin rallied to a high of £14,284 on November 21. The price formed a Doji candlestick pattern on that day, which suggests that the uptrend could be tiring out. The bears tried to pull the price down to the breakout level of £12,185.70 on November 22 but the bulls purchased the dip to £13,277, which formed a long tail on the candlestick.
BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 24TH NOVEMBER 2020 - UPDATED CONTENT
However, subsequently, the bulls have not been able to resume the uptrend, which shows hesitation to buy at higher levels. The BTC/GBP pair again formed a Doji candlestick pattern on November 23. This increases the possibility of a correction.
Therefore, traders can book profits at the current levels and keep only a marginal position open because if the bulls can push the price above £14,284, the pair could retest the all-time high at £15,599.
If a correction starts, the first support is at £12,792.47. The 20-day EMA is also placed just below this level, hence it is likely to act as strong support. If the price rebounds off this level, the bulls will again try to resume the uptrend. However, if the 20-day EMA cracks, the correction could deepen further.
Bitcoin Price GBP News – 17th November
How and where can I buy bitcoin from Britain?
It’s great to see Bitcoin is quickly closing in on all-time high, with the price of the cryptocurrency surging since September and now at more than £13,791 a coin.
Bitcoin price GBP has seen many investors tempted to buy some bitcoin, even though it looks like a speculative boom, but even experts who back the cryptocurrency say it should only be a small part of a portfolio and people must realise it is high risk.
When the GBP price boomed in late 2017, the number of established exchanges were few and far between, meaning those buying it faced a Wild West of providers if they wanted to buy-in. Now with options like Coinbase, PayPal, Binance, Kraken, Bittrex and Bitfinex and many other easy access onramps things could not be more positive.
Smaller digital coins soar as bitcoin powers on towards record high
Digital currencies Ethereum and XRP soared on Monday, gaining momentum as the bitcoin price GBP powered on towards a possible all-time high.
Ethereum, the second-largest cryptocurrency by market capitalisation after bitcoin, jumped 7% to its highest since June 2018, taking its gains to more than 25% over the last three days alone with the DEFI Craze ongoing and still a large part of the industry I cant see this going away any time soon. Ethereum, which often moves in tandem with bitcoin price, has been boosted by growing demand ahead of an upgrade to its blockchain network – due in early December – that is widely expected to make it quicker and more secure.
We know from experience that Bitcoin Pice GBP when cooling off ina bull run capitalisation seems to firtly flood to major cap coins then mid cap adn icro cap so keep watching to see the money flow trickle through the industry.
BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 17TH NOVEMBER 2020
The bulls pushed Bitcoin above the £12,185.70 resistance on November 12 and the price has currently reached the stiff overhead resistance at £12,792.47. The bears are likely to defend this resistance aggressively. However, if the bulls do not give up much ground from the current levels, the Bitcoin price GBP could make one more attempt to clear the overhead hurdle. If successful, the pair could start its journey towards the all-time highs at £15,599.
Both moving averages are sloping up and the RSI is in the overbought zone, which suggests that the bulls are in command.
The only negative development on the chart is the possible bearish divergence that is forming on the RSI. Although this is a warning sign, in strong uptrends, it gets invalidated.
Therefore, unless the Bitcoin price GBP turns down from the current levels and breaks below the immediate support at £11,950, the trend remains in favour of the bulls. The first sign of weakness will be a break below the 20-day EMA.
Such a move will suggest that bears have overpowered the bulls who were waiting to buy the dips. The next support on the downside is £10,983.87.
Traders who have been trailing their stops below the 20-day EMA can tighten their stops further to protect their paper profits.
Bitcoin Price GBP News – 17th November
BTC Price Could Hit $318,000 By 2021 – Citibank
Citibank analysts argue that Bitcoin’s price movement is reminiscent of gold in the 1970s, which means the benchmark cryptocurrency could target a $318,000 price point by December 2021.
With this extremely bullish sentiment, the market capitalisation of the crypto space would need to grow substantially but with the current positive sentiment on the rise and institutions being the major factor under the recent bull run this could be a major possibility.
$30 Million Of BTC Move After Being Dormant For A Decade
Bitcoin’s price rise above $16,000 closer to its all-time high near $20,000. As the price of the cryptocurrency rises, more and more BTC that had been dormant since 2010 has been moving.
This week a total of $30 million worth of BTC moved across a series of transactions. The move marked the fourth time BTC from the so-called Satoshi-era moved. The funds were moved from wallets containing 50 BTC each, which means they came from a miner who found blocks back in 2010, as the reward for finding a BTC block back then was 50 coins per block.
Gold Lags Far Behind Bitcoin As BTC Attention Grows
Bitcoin has risen over 22% to cross $17,000 this month, the precious metal is up just 0.5% at the current price of $1,890 per ounce.
Demand for traditional haven assets such as gold has declined this month as two Big Pharma firms, Pfizer and Moderna, announced positive results for their experimental coronavirus vaccines.
The resulting speculation that the global economy may well return to normality as soon as the second half of 2021 has triggered a rotation of money out of defensive assets and into risk assets, according to an outlook from Ole Hansen, head of the commodity strategy at Saxo Bank.
BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 10TH NOVEMBER 2020
Bitcoin soared above the £10,983.87 resistance on November 5. Though we were not certain of this move, as the trend was bullish, we had proposed traders to keep partial long positions open purchased at much lower levels. The BTC/GBP pair rallied to an intraday high of £12,185.70 on November 6. The bears attempted to fake this breakout by dragging the price below the £10,983.87 support.
However, lower levels attracted strong buying by the bulls, which shows accumulation on dips. The rebound off £10,983.87 again carried the price to £12,048 on November 9.
If the bulls do not give up much ground from the current levels, another attempt to break above £12,185.70 is likely. If the buyers can pull it off, the pair can rally to £12,792.47 and then to the all-time highs at £15,599.
The upsloping moving averages and the RSI near the overbought zone suggest that bulls are in control.
Contrary to this assumption, if the price turns down from the current levels and breaks below the 20-day EMA, it will signal an advantage to the bears.
Traders can book profits on the remaining long position if the bulls fail to push the price above £12,185.70 during the next attempt. Until then, the stops could be trailed below the 20-day EMA.
Bitcoin Price GBP News
COVID 19 Vaccine Pushes BTC Price Down
The Bitcoin price GBP and gold decreased on Monday amid promising news about a COVID-19 vaccine. Bitcoin price GBP went as high as £11,788 but it soon dropped approximately £200, touching £115,60 before closing.
With Bitcoin currently hovering at around £11,500 analysts expect the benchmark cryptocurrency to not be impacted by the vaccine news in the long-term. It has already stayed above £10,000 in four of the last five days.
Bill Miller Reveals ‘Strong’ Bitcoin Recommendation Despite Massive Price Surge
Bitcoin has had a staggering increase of 35% over the last month and muscling back into a bull run that the whole industry is waiting for.
The bitcoin price fell to under $4,000 per bitcoin in March as the coronavirus pandemic sparked panic among investors Bitcoin has seen a steady progress pushing higher lows and in turn higher highs. This has been aided by endorsements from high-profile investors and Wall Street giants helped bitcoin make a stunning rebound, hitting $15,000 per bitcoin last week.
BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 3RD NOVEMBER 2020
Bitcoin Price GBP: Bitcoin reached a high of £10,888 on October 31, which was close to our target objective of £10,983.87. This was a good place where traders could have booked partial profits by holding a small position with a stop below the 20-day EMA. Currently, the bears are attempting to pull the price down to the 20-day EMA. However, both moving averages are sloping up and the RSI is in the positive territory, which suggests that bulls are in control.
In an uptrend, the bulls usually buy on dips to the 20-day EMA. Hence, we anticipate a rebound off this support. If the bulls can build up momentum after the next bounce and push the price above £10,983.87, it will indicate the resumption of the uptrend.
However, the RSI is showing early signs of forming a bearish divergence, which warrants caution. If bears can sink the BTC/GBP pair below the 20-day EMA, a drop to £9,571.93, and then to the 50-day SMA is possible.
A strong rebound off the 20-day EMA could offer a buying opportunity to the aggressive traders with a close stop-loss.
Bitcoin Price GBP News
Bitcoin Price May Hit $1M and Top Gold’s Market cap
Influential investor Raoul Pal says the best trade he’s ever found is bitcoin (BTC-USD), which he’s described as “a call option on the future” and “the world’s most pristine reserve asset.”
Pal, a Goldman Sachs alum, previously co-managed GLG’s global macro fund, one of the world’s largest.
Since retiring back in 2004, he now authors a research letter, The Global Macro Investor (GMI), which is read by some of the most influential hedge funds, asset managers, and sovereign wealth funds.
In Pal’s view, bitcoin “plays a role as the world’s most pristine reserve asset” for individuals, corporations, pension funds. “It’s an incredible asset. It’s the only one with a limited supply with growing demand. It’s an extraordinary thing,” he said
Bitcoin Price GBP Retreats Before US Election After Dominating Crypto in October
Tuesday’s presidential election in the U.S. “is going to be the driving force for global markets,” Matt Blom, head of sales and trading for the cryptocurrency-exchange owner Diginex.
Analysts have warned that markets could see extreme volatility if the election results are murky, and the Federal Reserve has a regularly scheduled meeting just days afterwards.
However, the move above the June 2019 high of $13,880 was short-lived. The cryptocurrency’s inability to secure a foothold in the wake of overbought readings on technical indicators seems to have disappointed chart traders and could be fueling the price pullback.
According to some analysts, the failed breakout, coupled with continued instability in traditional markets, could lead to a bigger bitcoin price drop in the short-term.
BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 27TH OCTOBER 2020
The Bitcoin price GBP which we had suggested traders to book partial profits in the £9,400-£9,571.93 zone as we had expected stiff resistance from the bears. However, the news-based rally on October 21 easily rose above the resistance.
Both moving averages are sloping up and the RSI is in the overbought zone, which suggests that bulls are in control.
Although the overbought levels on the RSI suggest that the markets are overheated in the short-term, the bears have not even been able to sink the price to the breakout level of £9,571.93.
This suggests that the bulls are buying on every minor dip. A tight consolidation after a sharp up-move suggests that the bulls are in no hurry to book profits. Hence, it increases the possibility of a resumption of the uptrend.
If the bulls can push the Bitcoin price GBP above the £10,100 to £10,246 resistance, the uptrend can reach £10,500 and then £10,983.87.
However, the crypto markets are known to turn around in a jiffy. Therefore, traders who are long from our earlier recommendation can trail the stops on 40% of their position at £9,840.
The stops on the remaining position can be kept just below the 20-day EMA and trailed higher as the moving average moves up.
Our bullish assumption will be invalidated if the BTC/GBP pair turns down from the current levels and plummets below the 20-day EMA. Such a move could drag the price down to the 50-day SMA at £8,650.
BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 20TH OCTOBER 2020
The bears could not drag Bitcoin back below the critical support at £8,648 last week. This shows that the previous resistance has now become a strong support and the bulls have been accumulating on dips to this level.
The BTC/GBP pair resumed its up-move on October 19 when the bulls pushed the price above £8,999. The 20-day EMA is sloping up and the RSI is close to the overbought zone, which shows that the bulls are in command.
If the bulls can sustain the price above £9,084, the pair could attempt to rise above the 52-week highs at £9,571.93. If they succeed, the next target to watch out for is £10,983.87.
Contrary to this assumption, if the bulls fail to sustain the price above £9,084, the pair could again drop to the 20-day EMA. The trend will shift in favour of the bears if they can sink the price below £8,648.
Traders who are holding long positions from our earlier recommendation can trail the stop-loss to £8,600. Partial profits can be booked in the £9,400-£9,571.93 zone as the bears are likely to defend this zone aggressively.
However, we are not suggesting to book complete profits because, if the bulls can push the price to new 52-week highs, the uptrend could resume. Hence, traders can keep a small position with a trailing stop-loss to benefit from the move, if it happens.
Bitcoin Price GBP News
Former Goldman Sachs Hedge Fund Chief Has Predicted Bitcoin Will Surge To $1 Million
It’s clear to see that Bitcoin has found fresh support this year, bolstered by growing disquiet among investors over the central banks and government stimulus measures. Covid 19 and other international factors have created the rhetoric of overzealous stimulus measure and brought to light the possible failings of current monetary policy.
Although the headline is a former Goldman Sachs hedge fund chief predicts a very high Bitcoin Price it’s clear we are a long way from this currently.
Bitcoin trading dominance hits 2017-levels not seen since $20,000 BTC
The cryptocurrency market has gone through multiple shifts over the past few years it seems it has however moved back to favouring Bitcoin dominance after the so-called DeFi pump!
While market cap dominance remains below 60%, earlier this month, the trading dominance of BTC has spiked to levels not seen since 2017 when the price hit an all-time high at $20,000.
BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 13TH OCTOBER 2020
Bitcoin Price GBP – 13th October 2020
Bitcoin surged above the moving averages on October 8 and broke above the symmetrical triangle on October 9. This was followed by another sharp move on October 10 that pushed the price above the overhead resistance at £8,648.
The BTC/GBP pair rallied to an intraday high of £8,968, which is just below £9,156, the pattern target of the break from the triangle.
The 20-day EMA is sloping up and the RSI has risen above 63, which suggests that the bulls are in command.
If the bulls can push the price above £9,156, the next level to watch out for is £9,571.93. Therefore, traders can trail the stops higher to £8,150. Partial profits can be booked if the bulls struggle to push the price above £9,156.
However, if the bulls drive the price above this level within the next few days, the positions can be held with a close stop-loss. About 80% of the profits can be booked between £9,400-£9,571.93.
This bullish view will be invalidated if the bears drag the price back below £8,648. If that happens, it will suggest a lack of buyers at higher levels. A break below the 20-day EMA will shift the advantage in favour of the bears.
BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 6TH OCTOBER 2020
The bulls attempted to push Bitcoin price GBP above the 50-day SMA on October 1 but failed. This attracted profit booking that dragged the price down to £8058 on October 2. However, the bulls purchased this dip aggressively, as seen from the long tails on the candlesticks.
The price action of the past few days has formed a symmetrical triangle, which shows indecision among the bulls and the bears.
Currently, the buyers are again trying to push the price above the 20-day EMA. If they succeed, the BTC/GBP can move up to the resistance line of the triangle.
A breakout of the triangle will be a positive sign, and the pattern target of this setup is £9,156. The bears could mount a stiff resistance at £8,648, but we expect this level to be crossed.
Contrary to this assumption, if the pair turns down from the current levels and breaks below the triangle, a drop to £7,980 is possible. A breakdown of this support could result in a decline to £7,451.
Therefore, traders who are holding long positions from our earlier recommendation can continue to keep the stop-loss at £7,900. This stop can be trailed higher after the bulls push the price above the triangle.
Bitcoin Price GBP Recent News
Bitcoin Price Volatility Hits 2-Year Low, Dropped 43% In Past Month
Bitcoin has dropped to its lowest 180-day volatility, a record 23-month low and a 43% drop in the last thirty days. Highlight a certain level of maturity and a new level of stability not seen for some time in the crypto space. Despite Macro factors impacting intraday prices has seen somewhat unfazed but the current major impacting news, COVID, USA election
Bloomberg: Bitcoin ‘has had a tendency of adding zeroes to its price’
Many public figures are joining the positive bandwagon that is the bitcoin bullish group but having Bloomberg mention “has had a tendency of adding zeroes to its price,” is a great sign and again bring Bitcoin to the forefront.
Every single Bitcoin product banned in the UK as regulators crackdown on crypto
With all the recent bearish new it seems the UK regulators are having a crackdown. They can’t stop you buying Bitcoin or other cryptocurrencies, but they can ban almost anything based on its price being sold to people in the UK by firms operating here. The FCA are stopping the sale of derivatives and exchange-traded notes (ETNs) referencing certain types of crypto assets.
BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 29TH SEPTEMBER 2020
Bitcoin Price GBP is currently range-bound between £7,980 and £8,648. The bulls purchased the dip to the £7,980 support on September 23, which suggests accumulation at lower levels.
However, the bears are unlikely to give up without a fight as they are selling on rallies to £8,648.
Both moving averages have flattened out, and the RSI is close to the midpoint, which suggests a balance between demand and supply.
The advantage will shift in favour of the bulls if they can push the Bitcoin Price GBP above £8,648, but if the BTC/GBP pair turns down and breaks below £7,980, it will signal that the bears have the upper hand.
Therefore, traders should avoid buying below this support until a new buy setup forms.
Traders who purchased on a break above the downtrend line, as suggested in the previous analysis, can keep the stop-loss at £7,970.
If the bulls again struggle to clear the hurdle at £8,648, traders can book partial profits and raise the stops on the rest of the position at breakeven.
During the next try, if the bulls can push the price above £8,648, a rally to £9,000 and above it to £9,571.93 is possible.
Top Bitcoin Price GBP News – Septemeber 29th 2020
Bitcoin and Ethereum: ETH Charges more Fees then BTC so far in 2020
The continued hype interest in the DeFi space has in not only helped the overall rally of cryptos this year but ut also have aided in Ethereums growth so much so that the network has surpassed Bitcoins total transaction fees for 2020.
Major Bitcoin Indicators have just Flipped to a bullish stance
It has recently been reported that Bitcoin needs history to repeat itself to see significant price rises. Bitcoins difficulty Ribbon also known as Moving averages has seen the ribbon compressed and has broken out of its buy zone.
Blockchain/Bitcoin and Twitter CEO Announcement Rally The Bulls
Jack Dorsey Twitter CEO who is known for his bullish sentiment on cryptocurrency and Bitcoin has recently stated in Oslo Freedom Forum that Bitcoin and blockchain technology are the future of twitter and he believes that Bitcoin has the potential to be the sole world’s currency by 2030. Taking these statements at face value maybe to some seem far fetched but just having such a well down individual be a strong proponent of blockchain and bitcoin can only spark more energy into the Bulls.
BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 22ND SEPTEMBER 2020
Bitcoin Price GBP bulls broke above the downtrend line on September 16 but could not clear the hurdle at the 50-day SMA. This attracted selling and Bitcoin Price plunged on September 21, falling to an intraday low of £8,053.
Currently, the bulls are attempting to push the Bitcoin Price GBP back above the downtrend line. If they succeed, the Bitcoin Price GBP pair could again move up to the 50-day SMA.
Bitcoin price Bulls Will They Push The Price Back up
A breakout of this resistance will suggest that the correction might be over. This could offer a buying opportunity with a target objective of £9,571.93.
However, if the pair turns down from the 20-day EMA, it will be a huge negative as it will suggest that the sentiment remains negative and the bears are viewing a pullback to this resistance as a selling opportunity.
If the bears sink the Bitcoin Price GBP below £8,000, a drop to £7,451 and then to £7,200 is possible. Currently, the 20-day EMA has started to slope down and the RSI has dipped into the negative territory, which suggests that the bears have the upper hand.
Buying on the way down without the confirmation of a bottom can quickly turn the trade into a loss, therefore, traders should be careful while buying in a downtrend.
However, if the pair rebounds sharply from £7,451, it will suggest that the bulls are accumulating at lower levels. Hence, traders can buy about 40% of their desired position size if the bounce sustains. The stop-loss for this trade can be kept at £7,400
BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 15TH SEPTEMBER 2020
BITCOIN PRICE – 15th September Updated Content
Bitcoin price GBP could never really challenge the £7,451 support in the past few days, which shows accumulation by the bulls at lower levels. Bitcoin reached the £8,217 resistance on September 12 and finally broke out of it on September 14.
This move also cleared the 20-day EMA resistance, which is a positive sign. Usually, the 20-day EMA acts as a strong resistance but the failure of the bears to defend it aggressively suggests that the correction might be over.
BITCOIN PRICE HOW TO TRADE BTC/GBP
However, the bears are likely to make another attempt to stall the relief rally at the downtrend line. If the price reverses direction from this resistance and breaks below £8,000, it will increase the possibility of a fall to £7,600.
On the other hand, if the bulls can arrest the next decline above £8,000, it could offer a buying opportunity for the positional trader who can keep the stop-loss at £7,450.
A break above the downtrend line will signal the possible end of the downtrend. Above this level, a move to £9,000 and then to £9,300 is possible.
This bullish view will be invalidated if the BTC/GBP pair plummets below £7,451. Such a move will be a huge negative and can result in panic selling. Therefore, traders should avoid bottom fishing if the price sustains below £8,000.
BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 8TH SEPTEMBER 2020
BITCOIN PRICE – September 8th Content
We had mentioned in the previous article that Bitcoin price GBP will face resistance at £9,050 and that is what happened. Bitcoin turned down from £9,030.85 and broke below the critical support at £8,217 on September 3.
This sent the Bitcoin price crashing below the neckline of the inverse head and shoulders pattern, which is a huge negative. The failure of a bullish setup is a bearish sign.
Currently, the Bitcoin price GBP is stuck in a tight range of £7,451-£8,030.04. If the bulls do not push the Bitcoin price GBP back above the £8,030.04-£8,217 resistance zone quickly, the bears will try to resume the decline.
The 20-day EMA is sloping down and the RSI has been trading below the 40 levels for the past few days, which suggests that bears are in command. Any relief rally is likely to face stiff resistance at the 20-day EMA.
If the Bitcoin price GBP turns down from either resistance or from current levels, the bears will try to sink the pair below £7,200. If they succeed, selling is likely to intensify, with the next target at £6,608.
However, if the bulls defend the £7,200 support, the pair could rise to £8,217 and remain range-bound between these two levels for a few more days.
The Bitcoin price GBP will show strength after the bulls can scale the Bitcoin price GBP above £8,217 and sustain it for three days. We suggest traders wait for the Bitcoin price GBP to find a bottom before investing. Until then, it is best to remain on the sidelines.
BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 1ST SEPTEMBER 2020
BITCOIN PRICE GBP – September 1st Content
Bitcoin price GBP plunged below the 20-day EMA on August 25, which was a huge negative as this was the first decisive close (UTC time) below this level since July 21.
Although the Bitcoin stayed below the 20-day EMA from August 25-30, the bears could not intensify the selling and sink the price to the critical support at £8,217. This attracted buying from the aggressive bulls who then pushed the Bitcoin price GBP back above the 20-day EMA on August 31.
The bulls might hit a wall at £9,050 but if this level is scaled, a move to the £9,300-£9,571.93 resistance zone is possible. However, the 20-day EMA is flat and the RSI is just above the midpoint, which suggests a balance between supply and demand.
If the Bitcoin price GBP turns down from either overhead resistance, the Bitcoin price GBP pair could remain range-bound for a few more days. A break below the £8,217 support will signal advantage to the bears with the next target objective at £7,200.
Usually, the price action inside the range is volatile and difficult to predict. Hence, traders should wait for the price to drop to the support or break out of the range before establishing long positions.
BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 25TH AUGUST 2020
August 25th Content
Bitcoin dipped back below the £9,300 support on August 18, which shows a lack of buyers at higher levels.
The bulls have been attempting to defend the 20-day EMA for the past few days but the failure to achieve a strong rebound suggests that the buyers are not confident that the correction has ended. If the Bitcoin price GBP sustains below the 20-day EMA, a drop to £8,525 and then to £8,217 is possible. If the Bitcoin price GBP pair rebounds off this support, then a few days of range-bound action is possible.
A strong rebound off this support could offer an opportunity for the traders to initiate long positions with the stops placed just below the support.
However, traders should wait for the Bitcoin price GBP to rebound off the support before buying, rather than buying on the way down. As range trading can be volatile, we suggest traders buy only 50% of the desired position size.
The flat 20-day EMA and the RSI close to the midpoint suggests a few days of range-bound action.
Contrary to this assumption, if the bears sink the Bitcoin price GBP below £8,217, the trend will turn in favour of the bears and could result in a deeper decline to £7,200 levels.
On the upside, the Bitcoin price GBP will pick up momentum above the £9,300 to £9,571.93 resistance zone.
BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 17TH AUGUST 2020
HOW TO TRADE BTC/GBP AUGUST 17 2020
Bitcoin price remains in a strong uptrend. It broke above the overhead resistance of £9,300 on August 17, which completed the ascending triangle pattern. This bullish setup has a target objective of £10,423. Above this level, the rally can extend to £10,983.87, which is the intraday high made on June 26.
As the DeFi and yield farming craze continues to entertain the cryptocurrency industry, Chief revenue officer of CoinShares, Frank Spiteri, said that Bitcoin and other digital assets continue to “fascinate and intrigue” investors, as the global investment environment has changed and the need for alternative stores of value has risen.
However, the bears are unlikely to give up easily. They will try to stall the rally at £9,046.48 and again at £10,100 but both these Bitcoin price GBP levels are likely to be crossed.
The upsloping moving averages and the RSI close to the overbought zone suggest that the path of least resistance is to the upside.
Currently, the bears are attempting to pulldown the price back below the breakout level of £9,300. If they succeed, the Bitcoin price GBP pair could drop to the 20-day EMA.
This is an important level to watch out for because the bulls usually defend this support aggressively in an uptrend.
A strong bounce off this support will be a positive sign as the bulls will attempt to resume the uptrend by pushing the price above £9,571.93.
However, a break below the 20-day EMA will signal that the momentum has weakened, which could result in a drop to £8,217.
BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 7TH AUGUST 2020
Bitcoin Price GBP – How To Trade BTC/GBP August 07 2020
The Bitcoin broke out of a bullish inverse head and shoulders pattern on July 27. This setup has a target objective of 13,302. However, it is unlikely to be a straight dash to the target objective because, the bears will mount a stiff resistance at £9,000, £10,000, and again at £11,000 (marked via ellipses on the chart).
On August 2, the buyers pushed the price above £9,000 but could not sustain the higher levels. This led to profit booking by the short-term bulls, that dragged the price down to the neckline of the inverse H&S pattern.
Bitcoin Bulls Buying The Dip
However, the positive thing is that the bulls purchased this dip aggressively, which shows that the sentiment is to buy on weakness especially when looking at the Bitcoin price GBP. Currently, the bears are attempting to stall the recovery at £8,800 level, but if the bulls can scale this resistance, a retest of £9,300 is possible. A breakout of this resistance will signal resumption of the uptrend.
On the other hand, if the Bitcoin price GBP pair again turns down from the overhead resistance, then a few days of range-bound trading between £8,166-£9,300 is possible.
The 20-day EMA is sloping up and the RSI remains in the positive territory, suggesting an advantage to the bulls. Traders can look to buy the dips as long as the pair sustains above the 20-day EMA.
A Bitcoin price GBP break below the 20-day EMA will be the first sign of weakness. The bears are likely to gain an upper hand if the price dips and sustains below £8,166. Such a move will hurt sentiment and could result in a deeper correction.
Applied blockchain – Why was Atrom created?
Applied blockchain technology is only seen in a few well-established crypto companies recently utilising blockchain technology has gained prominence among businesses, consumers, and other investors since 2017. One such crypto projects that businesses can consider investing in is the ATROMG8. Also referred to as the ATROM, the ATROMG8 crypto coins have been divided into 100,000,000 units of BETROM.
It is an ecosystem built and designed based on advanced software that was created from numerous open-source projects of the previous decades as well as a decentralized transactional platform.
The ecosystem has been designed to support education, digital environment, payment, communication, gig economy, and more while extending privacy and security.
ATROMG8 serves as an innovative multi-DLT Blockchain-based system, powered by the latest MixNet 5.0. The project is gradually carving its own niche within the crypto sector. The system is designed to operate as a secured network where companies and people across multiple categories can communicate, work as well as exchange values. This means that user decides who will get their data and the manner in which it can be used.
Besides, the metadata, as well as the messenger products, remain hidden from ATROMG8 or other participants. It can’t be recorded or requested since it does not get stored anywhere as well as functions on the decentralized server-based systems. To be able to provide a comprehensive range of services to its users, ATROMG8 has partnered with numerous service providers such as trading platforms, banks, and crypto exchanges. In doing the same, ATROMG8 ensures it chooses only licensed and legally compliant service providers.
The Relevance and Benefits of ATROMG8 Ecosystem for Businesses – Applied blockchain technology
The decision of using cryptocurrency is slightly involved in a business organization in comparison to an individual. This is because there are many business assets and people involved. A growing number of businesses are turning to cryptocurrencies as a method of payment, as they have begun to realize the many benefits it provides with regard to cost, security, and speed.
Today, businesses have also become conscious about the fact that it is important to keep abreast of the latest technologies, particularly the ones that can improve how they operate while providing customers an increased number of payment options.
Businesses that rely on cryptocurrencies for payment methods can save their transaction or banking costs. Remember, the banking costs are traditionally severe and can create a huge dent in the business profits. Given that cryptocurrency-based platforms are decentralized, and there aren’t any governmental or regulatory authorities to manage it, no amount of fee collection takes place, thus resulting in huge annual savings for the businesses.
Apart from this, with the use of cryptocurrencies like ATROMG8 that have applied blockchain technology, businesses can ensure fast transaction times and improved customer services. This further helps businesses to better manage their finances and avoid frauds as well as chargebacks.
With the advent of the coronavirus led pandemic, one thing has become quite apparent that the world requires more digital solutions that have applied blockchain, than what was expected earlier. This would help to keep the structures operational as well as help communities to spend time with each other, communicate, and earn funds in a secure and trusted environment.
As per many expert reports, as many as 12 giant ecosystems will come into effect worldwide by 2025, with a $60 trillion turnover. This amounts to almost 30% of the world’s sales volume. The design, type as well as composition of ecosystem shall vary as per their geographical area or location, based on their cultural preferences and regulatory or legal requirements.
Given the scenario, many other ecosystems such as ATROMG8 as well as its partners have emerged to tackle the communication requirements, office/home needs, and education as well as gig economy. The study further clarified that the organizations that give importance to the customers have now become highly valuable organizations worldwide. In fact, 7 out of these 10 giant corporations (in terms of market cap) are ecosystem-based players and include the likes of Microsoft, Amazon, Facebook, Apple, Alibaba among others.
ATROMG8 is working to build the future, and the giant corporations will also join them while ensuring data, communication, security, and privacy protection. Makers of the ATROMG8 system think that there are much better ways of treating communities’ information and data in comparison to how it is being currently handled today.
A couple of years ago, there weren’t any industry driven regulations. However, today the landscape has transformed drastically with every nation having its own legislation and regulations for space. In their bid to provide country-based services that are following the latest laws as well as supported by regional authorities, ATROMG8 has applied blockchain technology and complies with the regulations in every region. Hence, organizations and businesses from around the world can develop their own crypto coin, or digital token, as well as products on ATROMG8’s open-source blockchain-based system. All of this takes place as per the regulations applicable in the country, and in a protected and safe environment. Apart from this, the ecosystem’s tech partners provide a wide range of solutions to organizations/businesses that range from complex integrations to simple APIs.
How easy is it to use ATROMG8 ecosystem – Applied Blockchain technology
Several stakeholders come together and work hard to design ATROMG8’s secure and dynamic ecosystem. The system offers private conversations and secure transactions as the participants within the ecosystem function using their digital identifications, and in a pseudo-anonymized manner across all the offerings, whether messenger, service provider, or any other opensource and community-based composition. The primary mission of the ATROMG8 ecosystem that has successfully applied blockchain is to create a real-time network, which is powered by a globally active system that is both private and secure.
The world today has several messaging and communication apps that offer end-to-end secured encryption, but none of them provide encryption of the metadata. Even those apps that are highly safe require your permission to gather specific data for service-based diagnostics and performance, updates, and evaluations. This could include activity reports, log files, performance reports, and logs. Apart from this, information regarding the browser, operating system, including the IP addresses, search history, as well as mobile network information is also gathered and stored.
The above threats, as well as threats related to malware attacks and hacking, also exist on these online platforms. Many experts and specialists think that having a platform created as well as encrypted by a couple of individuals can always be tricky. While technological applications can be controlled, none can control human intentions. Despite the latest techniques, the ones that can access the databases and tools must be trusted to ensure that they don’t ever turn malicious.
With the ATROMG8 ecosystem and applied blockchain technologies, all these issues can be addressed significantly. ATROMG8 is the next-generation and outstanding global communication system that ensures the secure, reliable, and private exchange of digital content. It offers many value-added services to all individuals to ensure that wealth is distributed in a fairer way globally. ATROMG8’s applied blockchain architecture has been designed to develop an individual and enterprise ecosystem with payments & messaging solutions at a time when the world is plagued with issues like hidden costs of transaction and zero privacy. Thus, ATROMG8 intends to make the most of the latest technologies such as blockchain to design an optimized system for secure and safe communication.
How to get started utilising the atromg8 ecosystem?
To get started, one can purchase the coins at the exchange, and a receipt will be provided for the services offered and node operation. On the other hand, when it comes to spending the coins, one can use it in the ecosystem as well as for the services consumers. Additionally, coin holders are also allowed to stake their digital coins as well as participate in lucrative offers of around 30% per year once the system is up and running. The total gathered fees shall be distributed among ATROMG8’s partners, service providers, and the charity.
Main-Net Launch Announcement
#ATROMG8 Main-Net launched last week and is in the early stages of integrating over the coming weeks and months all the projects and features for full use.
What happens now the Main-Net Goes Live?
As there was a smooth launch a user can now utilize the ATROMG8 ecosystem and built their projects, especially projects related to Communication and Payments.
As you all may know we have been publishing content on ATROMG8 and how we believe this is a solid project and are constantly delivering on time and with total professionalism.
If you do not have an account on ATROMG8 platform here is a link for quick access https://atromg8.com/
Top 5 reasons businesses should use Atromg8 Ecosystem
Cutting-edge Technology: ATROMG8 harnesses the cutting-edge features of technologies such as blockchain to design a highly optimized system for secure and safe communication.
Privacy: Today, privacy is one of the biggest concerns for both individuals and businesses. To address the same as well as to offer end-to-end encryption and protected communication, ATROMG8 harnesses the power of decentralized ledger. This can be accessed by numerous networks, and they can process transactions securely, and directly through satellite communication.
Means of Exchange: ATROMG8 ecosystem has been curated to serve as a means of exchange, storing value, as well as for P2P transactions. The platform is empowered by its tokens-AG8, which can be used to access as well as use different features of the ATROMG8 ecosystem.
Mode of Payments: The AG8 tokens can be used by businesses as a method of payment for receiving and sending data, services’ costs, aside to compensate for network operators.
Secure and Seamless: The ATROMG8 platform is all-inclusive and offers secure, safe, affordable, and seamless communication under a single platform.
In a nutshell, businesses that have integrated and applied blockchain-based systems like ATROMG8 within their own ecosystems stand to enjoy greater transparency, improved efficiency, better security, and increased traceability. All of this further results in increased business profits and performance.
Hopefully, you have enjoyed today’s article. Thanks for reading! Have a fantastic day! Live from the Platinum Crypto Trading Floor.
Earnings Disclaimer: The information you’ll find in this article is for educational purpose only. We make no promise or guarantee of income or earnings. You have to do some work, use your best judgement and perform due diligence before using the information in this article. Your success is still up to you. Nothing in this article is intended to be professional, legal, financial and/or accounting advice. Always seek competent advice from professionals in these matters. If you break the city or other local laws, we will not be held liable for any damages you incur.