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Hong Kong Wealthy Move Gold Offshore: Why Bitcoin Is Better

[yesterday 8:00 PM] Precious metal dealers in the political and protest torn Hong Kong claim that the wealthy are moving gold offshore following a new security law passed by Beijing in July. Investors fearing that their wealth is at risk and must be stored out of…

Bitcoin Topside Bias Vulnerable Unless It Surges Past 100 SMA

[Aug 5 3:48 AM] Bitcoin is struggling to gain bullish momentum above $11,300 against the US Dollar. BTC could extend its decline unless it surges past the 100 hourly SMA. Bitcoin is facing a strong resistance near the $11,300 and $11,400 levels. The price is now…

Here’s Why a Bouncing U.S. Dollar Is Bad News For Bitcoin

[Aug 3 8:00 PM] The dollar sank in July to the lowest point in two years in response to more stimulus money being printed to inflate the economy. At the same time, Bitcoin spiked to the highest level in over a year. The dollar has since bounced, and the leading…

US Deadlock Over Stimulus Keeps Bitcoin Cautious; What to Expect?

[Aug 3 11:00 AM] Bitcoin began trading cautiously on Monday as US lawmakers struggled to finalize a stimulus plan following its expiry on July 31. The critical point of difference between Democrats and Republicans continues to be the proposed $1,200 assistance for…

Bitcoin Just Broke $12,000, As Bulls Take Over Crypto Market

[Aug 2 4:18 AM] Bitcoin is up over 5% and it surged above the $11,500 resistance zone against the US Dollar. BTC touched the $12,000 market and it seems like the bulls are taking over the crypto market. Bitcoin is gaining bullish momentum and it broke the $11,500…