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2023-01-04 15:50:14 #BTC D consolidated for more than 2 weeks over the major resistance level and now trying to break below of the zone. Candle closure is still pending, this could be potential opportunity for a short-term altcoin movement and #BTC also aligns with it. Look for confirmation and risk accordingly. Open / Comment

2023-01-04 15:49:05 The longer it ranges the harder it trends

If you notice the price has been ranging for a long time, you’re not alone.

Traders all around the world will be seeing the same charts as you.

Some will be queuing to short the resistance, and some will be trading the breakout.

If the price does trade above the resistance, shorts will get squeezed, and breakout traders will hop on the bandwagon

That’s why price trend for a sustained period of time, due to the imbalance of buying/selling pressure.

@coinbissupport Open / Comment

2023-01-04 15:27:36 Bitcoin has a very clear 4 year halving cycles which it followed all previous years.

Top of each cycle comes to November-December. Bottom forms 1-1.3 years after that top.

Bottom consolidation period usually correlates with 0.5-0.75 period of bearish cycles which corresponds with December'22-June'23. Open / Comment

2023-01-04 11:10:09 #Bitcoin continues with it parabolic move and given a decent up-move. Price already reached near its strong resistance level, so anticipating so a small range or a rejection here. Price break and close above $17,100 will kick-in small alts rally . Open / Comment

2023-01-03 17:14:12 @coinbissupport Open / Comment

2023-01-03 12:33:31 Crypto market today Open / Comment

2023-01-03 10:45:54 UK Offers Cryptocurrency Tax Break for Foreigners Using Local Brokers to Encourage Foreign Investment.

The tax exemption, announced in December, is part of Prime Minister Rishi Sunak's plans to transform the United Kingdom into a crypto hub.

To build upon the U.K.’s position as an investment management hub, this exemption has been extended to include crypto assets, so that funds which include them aren’t put off from appointing U.K. managers.

https://www.economywatch.com/news/uk-offers-cryptocurrency-tax-break-for-foreigners-using-local-brokers-to-encourage-foreign-investment

Follow @coinbissupport for the hottest news in crypto. Open / Comment

2023-01-03 10:34:35
Ethereum transactions 338% higher in 2022 but Bitcoin remains most popular.

The values shown in the chart are in millions of transactions, with the average daily transactions at around 1.1 million for ETH and 255,000 for BTC.

However, transaction volumes on the Bitcoin network were steadier and more periodic than o Ethereum, which experienced much more volatility in transaction volumes. This was due to spikes in demand at certain times such as NFT launches and other gas-guzzling events such as XEN minting.

Ethereum’s heftier transaction volumes have continued into the new year, with the Ethereum transaction count on Jan. 2 reaching 924,614, a 300% increase compared to Bitcoin’s 229,191 on the same day.

Follow @coinbissupport for the hottest news in crypto. Open / Comment