Bitcoin’s (BTC) price momentum is improving, which could limit further downside between the $53,000-$55,000 support range.Buyers will need to make a decisive move above $60,000 resistance to yield an upside target toward the all-time price high near $69,000.For now, BTC is trading in a tight range and has been roughly flat over the past week. The relative strength index (RSI) … [Read more...] about Bitcoin Rangebound Between $55K Support and $60K Resistance
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Chinese Cybersecurity Firm Qihoo 360 Says It Has Built Crypto Mining Monitoring Software to Support Crackdown
Qihoo 360 found that 109,000 mining IP addresses were active daily on average in November, mostly in the provinces of Guangdong, Jiangsu, Zhejiang, and Shandong, the company said. Miners mainly use home broadband, enterprise-dedicated internet connections, and data centers, Qihoo 360 said. Source link … [Read more...] about Chinese Cybersecurity Firm Qihoo 360 Says It Has Built Crypto Mining Monitoring Software to Support Crackdown
Bitcoin Declined Below $58K; Support Between $53K-$55K
Recently, the $60,000 resistance level has been a key hurdle for buyers despite oversold readings on the charts. So far, support levels remain intact, which could establish a tight trading range between $55,000-$60,000 into the Asian trading day. BTC was trading around $57,800 at press time. Source link … [Read more...] about Bitcoin Declined Below $58K; Support Between $53K-$55K
Wintermute launches $20 million fund to support Polygon development
Wintermute, a leading digital asset market maker, announced today that it has launched a $20 million fund to bootstrap dApp development on Polygon. In a press release shared with CryptoSlate, the company said that the fund is part of Wintermute’s newly established strategic partnership with Polygon.Wintermute to pour millions into Polygon, starting with Router ProtocolOne of … [Read more...] about Wintermute launches $20 million fund to support Polygon development
Bitcoin Held Support at $53K; Faces Initial Resistance Around $60K
The relative strength index (RSI) on the daily chart is almost oversold, similar to what occurred in late-July and September, which preceded near-50% price rallies. Still, buyers will need to break above the $60,000-$65,000 resistance zone in order to yield upside price targets. Source link … [Read more...] about Bitcoin Held Support at $53K; Faces Initial Resistance Around $60K