Bitcoin BTC Price Weekly Forecast – Slow And Steady Increase Likely

Bitcoin (BTC) Price Weekly Forecast – Slow And Steady Increase Likely

  • There was a downside correction from the $10,954 swing high in bitcoin price against the US Dollar.

  • The price is holding the $10,000 support and it could bounce back in the near term.

  • There is a major bullish trend line forming with support near $10,140 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).

The price could dip in the short term before it starts a fresh increase above $10,500 in the near term.

Bitcoin price is showing positive signs above $10,000 against the US Dollar. BTC could rise steadily as long as there is no close below the $10,000 support area.
 

Bitcoin Price Weekly Analysis (BTC)

In the last weekly forecast, we saw bitcoin price holding the key $10,000 support area against the US Dollar. The BTC/USD pair climbed higher and traded above the $10,000 resistance area. Moreover, there was a break above the $10,800 level and the 100 simple moving average (4-hours). However, the price failed to continue higher and topped below the $11,000 resistance.

A swing high was formed near $10,954 and recently the price started a fresh decline. It broke the key $10,500 support area and the 100 SMA. Moreover, the price spiked below the $10,000 support area. Finally, a swing low was formed near $9,903 and the price is currently correcting higher. It broke the 23.6% Fib retracement level of the last decline from the $10,954 high to $9,903 low.

However, the upward move is facing hurdles near the $10,400 and $10,500 levels. Additionally, the price is also struggling to climb above the 50% Fib retracement level of the last decline from the $10,954 high to $9,903 low. If there is a break above the $10,450 and $10,500 levels, the price could continue to rise. The next key resistance is near the $10,800 level.

On the downside, there are many supports near the $10,100 and $10,000 levels. Additionally, there is a major bullish trend line forming with support near $10,140 on the 4-hours chart of the BTC/USD pair. If there is a downside break below the trend line and the $10,000 support, the price could resume its decline.

 

Bitcoin Price Weekly Analysis (BTC) Chart

Looking at the chart, bitcoin price seems to be consolidating in a contracting range below the $10,500 resistance. It might soon break the $10,500 resistance and continue higher. Conversely, a downside break below $10,000 could start a strong decline in the coming sessions.
 

Technical indicators

4 hours MACD – The MACD for BTC/USD is slowly moving back into the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for BTC/USD is currently stable above the 50 level.

Major Support Level – $10,000

Major Resistance Level – $10,500

 

 

Aayush Jindal

David Ogden – Http://markethive.com/david-ogden

Analysis – Bitcoin primed for a price break out

Analysis – Bitcoin primed for a price break out

Bitcoin is approaching an end to a trading pattern, that potentially spans back over 5 months with a $10000 range.

Bitcoin is sitting inside a mammoth 5-month trading pattern—with a possible breakout approaching in the next 10 days. The pattern is called a symmetrical triangle, and refers to a chart characterized by two converging trend lines connecting a series of sequential peaks and troughs.

Looking back over the last 160 days, bitcoin's price sat neatly inside this pattern–the first signs of it emerged in May this year, when bitcoin's price rallied from a low of $5,000.

From there, bitcoin gained steadily over the next two months, to hit a high of nearly $14,000 in June. That was followed by three distinct lower highs of $13000, $12000 and $11000, in July, August and September, as the chart below shows.

Bitcoin has been fitly into this triangle pattern, but for how much longer?

On the support (lower) side of the triangle—bitcoin saw two recent higher lows of $9350 and $9850, in late August and just 2 days ago on September 11.

More interesting than just the pattern, however, is the shape's length, and range in the price's movement—5 months and an astonishing $10,000 (from top to bottom). While it's impossible to predict what will happen next, when a break out does occur—i.e. a price drop or rise that falls outside the trend lines—it's like to be sizable. A movement as high as a $5,000 swing up, or down, over the next few weeks is not beyond expectations.

For now, all eyes seem to be on the expiry of this pattern—with many predicting that it will be on the exact day of the Bakkt bitcoin futures launch, coming up in just 10 days.

 

By Nawaz Sulemanji

September 13, 2019

David Ogden – Http://markethive.com/david-ogden

ENTREPRENEUR ONE UPGRADE Introducing The Cherry On Top

ENTREPRENEUR ONE UPGRADE
Introducing The Cherry On Top 

 

By now a good many members of Markethive are either a part of or at least heard of the Entrepreneur Upgrade Program.  This has now been broken down into separate grades as explained in this blog by Thomas Prendergast, the Founder, CEO, visionary and creator of this much needed and sought after platform whether a person realizes it or not. There is a huge market looking for what we do. 

There are so many facets of Markethive, it can be a little overwhelming at first, but the bottom line is you have everything and I mean everything here to succeed in whatever it is you do.  There have been 20+ years of high energy poured into Markethive. This is a Divine inspiration, this is spiritual magic-ness, and is putting everybody who signs up into the business first and foremost. 

We are at *Entrepreneur One Upgrade (*EP1) presently which is the premium highest level you can acquire. It contains all the services, loyalties and advantages to leverage and accelerate your success here at Markethive. This is limited and will cease by year-end. Keep in mind that the Entrepreneur One Upgrade status is yours for life, along with all the benefits it offers, as long as you continue the $100 monthly subscription. 

The Banner Ad Program With A Twist

The Entrepreneur One Upgrade is the only program that will have the Banner Ad Program included. But here’s the kicker… Banner Ad Slots are up for Bidding! 

Let’s face it, some people are saying “I have no use for the Banner Ad Program”. Or “I don’t use them. I don’t have a personal business that requires banner advertising”  Being an Entrepreneur One Upgrade now gives you the opportunity to have a Banner business. This is totally exclusive to the Entrepreneur Upgrade One member. Let me explain… 

If you are an Entrepreneur One Upgrade (EP1) You will now be able to put your Banner Slots up for bid. If you have no need to use them yourself why not sell them?  

Coming soon, there will be a group in Markethive with an interface where all members can visit and view the banner slots, times and dates available etc, that are up for bid. You can stipulate whatever price you see fit. Also, Markethive Coin (MHV) will be the only currency used to purchase the banner slots.

 

How Does It Work

The Bidder pays you for the banner slot. They will then upload their banner into your Banner Control System and the Markethive Admin will take the necessary steps to approve it.

Note: There are certain guidelines and qualifications that need to be followed when creating a banner: 

  • Ensure your banner is sized to 960px x 80px.
  • Use images with white or transparent backgrounds.
  • Fade any graphics to white that touch the banner edge.

If it doesn’t meet the qualifications. Markethive reserves the right to make changes to it. This will be free of charge as an Entrepreneur. 

So now you can sell your banner slots if you are not going to use them for your personal business. This is a limited resource to an ever-expanding market. The demand is only going to continue to increase.

 

A Lucrative Business Within A Business

Imagine that you, and only a handful of others having total control over the banners that are being sold on Coinmarketcap for an average of $300,000+ a month! To break it down, at Coinmarketcap you will pay $16 per CPM (Clicks Per Mille = 1 Thousand Impressions) 
On average the estimated impressions for a top banner per month is 26,595,000. That works out to $425,520 per month. 

Banner advertising is a very lucrative business and a proven way to acquire visitors and signups for your business, especially on a popular website. Also, as a rule of thumb, the lower your Alexa Rank, the more you can charge for banner advertisements. Coinmarketcap currently sits at 382 on Alexa Ranking. 

 

Markethive, with an ever decreasing Alexa ranking (currently at 13,179) and a consistently increasing number of unique visitors and members at Markethive, along with the chance to pay only $100 per month into a loyalty program (*EP1) where you get ownership of a limited resource of the most prominent, sought after advertising spot in Markethive make this an exceptional lucrative opportunity. 

At present,  Markethive is receiving nearly 100,000 unique visitors a day and steadily growing organically.

 

 

To give you an example, let’s say the EP1 is capped at 300 members. 100,000 unique visitors divided by 300 EP1s = 333 impressions on one page. The number of impressions into 50 pages per day would equate to 16,700 equalling 501,000 impressions per month. So if you had to pay a rate of $10 per CPM, that would equal $5,010 a month for banner advertising expenses. Keep in mind these banners will be viewed on the complete Markethive Network and all other systems that we have, so the number of impressions any banner receives will be exponential. 

You will get this type of exposure for only $100 per month with the Entrepreneur Upgrade One, and now we have the cherry on top where any EP1 member can create a Banner Ad business within the Markethive system by putting their unused Banner slots up for bid and being paid in MHV. 

 

Coin Velocity

This is just one more way Markethive is increasing our coin velocity. The fact that we are a meritocracy, exponentially growing daily as a social network with all the marketing tools, gamification, and loyalty programs we have and are still implementing is ensuring the credibility, velocity, and ultimate success of the Markethive Ecosystem and its Universal Income.

 Many coins and tokens on the market have no velocity as they don’t have a real use case. All the services free and otherwise Markethive offers, increase the velocity, supply, and demand of the MHV coin. Utilizing the coin within Markethive for services and loyalty programs including but not limited to,

  • Faucets/Micropayments
  • Incentive Loan Program
  • Press Releases 
  • Sponsored Articles
  • Banner advertisement 
  • Banner Slot Bids
  • Boosting Posts
  • The Vault

By the very nature of MHV being a consumer coin, it’s not open to speculation like many other coins on the market. The benefits of being on the inside of Markethive transacting with MHV in its ecosystem are many, and while this is happening velocity and demand increase.  The added benefit is the Markethive Exchange and MHV being listed on 3rd party exchanges gives it liquidity. 

 

Conclusion

The introduction of the Banner Slot Bidding which is a great way to earn even more income is just one more reason to Upgrade to Entrepreneur One before it closes for good.  

Soon we will be able to buy MHV from open market Exchanges and transfer into your Coin Clip in Markethive to purchase ILPs with MHV. I will delve deeper into that topic in a future blog. Stay tuned for updates and more exciting things to come. 

 

ecosystem for entrepreneurs

 

 

David Ogden
Entrepreneur One  @Markethive, a global Market Network, and also a strong advocate for technology, progress, and freedom of speech.  I embrace "Change" with a passion and my purpose in life is to help people understand, accept and move forward with enthusiasm to achieve their goals. 

 

 

 

 

 

David Ogden – Http://markethive.com/david-ogden

Bitcoin BTC price readings – dominance grows as Redditor unveils first draft of the Bitcoin Bible

Bitcoin {BTC} price readings – dominance grows as Redditor unveils first draft of the Bitcoin Bible

Bitcoin is the top-ranked asset in the market, with a dominance rate of 70.3% linked to it. The price climbed at a rate of 2.49% in the course of the past 24-hours. The trading volume recorded stands at $15.165 billion, while the supply has 17,932,687 BTC coins in play for now. As of this moment, the total market cap of Bitcoin is $186.478 billion. BTC is priced at $10,399.

A 17-year-old, who is a Bitcoin proponent and goes by the username OGKebabEater shared a few pictures of a book he has been working on. According to him, it is a draft which reads like a guidebook for all those who wish to know more about the king coin. He is also planning to give a presentation [in his class] regarding the advent of Bitcoin in the modern world.

 

Data from the candlestick chart associated with the BTC/USD pair on tradingview points to bullish momentum swaying the growth of the coin. The daily RSI is at 53.47 currently. The peaks for the Awesome Oscillator remain south of the zero line, although the last two bear the green shade pointing to a trend change.

Key resistance may impair the rise of the coin beyond $10,954.43, and support can be found close to the $9861 mark. The Ichimoku Cloud is still crimson, but the MACD line has stayed to the north of the signal line for the past 10 days. This shows that while sellers have been working diligently to drive the price down, buyers haven’t been beaten yet. The present target for the king coin would be $10,500.

 

BY ADITYA CHATTERJEE ON SEPTEMBER 13, 2019

David Ogden – Http://markethive.com/david-ogden

Bitcoin price analysis – BTCUSD bounced from key support further growth imminent

Bitcoin price analysis – BTC/USD bounced from key support, further growth imminent

 

  • BTC/USD managed to push for a reversal from the tested $9,800 support only to hit a snag at $10,200.

  • Bitcoin must settle between $10,200 and $10,400 to allow the bulls to focus on higher levels heading towards $11,000.

Many cryptocurrency analysts and experts have become strongly bearish in the past few weeks. This was fueled by the failure to break the psychological resistance at $11,000 even after pushing for recovery from the recent dive to $9,300. Moreover, Bitcoin has had a rough time defending support areas, the latest being the dip below $10,000.

However, the 4-hour chart clearly shows an asset that has potential for growth. BTC/USD managed to push for a reversal from the tested $9,800 support. In fact, the price ascended to levels above the 100 Simple Moving Average (SMA) 4-hours but the momentum hit a dead-end at $10,200 (first resistance area).

Also supporting Bitcoin is the main trendline since August 29 lows. Besides, Elliot Wave Oscillator has posted four consecutive bullish session following the late Wednesday recovery. Trading at $10,101 at the time of writing, Bitcoin only needs a break above the $10,200 resistance. A move the will pave the way for a trajectory to $10,400 (second resistance and breakout point). It will still be a win for the bulls if the price settles between $10,200 and $10,400 as it will allow them to focus on the medium resistance between $10,800 and $11,000.

BTC/USD 4-hour chart

 

John Isige – FXStreet

David Ogden – Http://markethive.com/david-ogden

Bitcoin price would rally after the 11500 mark

Bitcoin price would rally after the $11500 mark

BITCOIN PRICE The king of cryptocurrency Bitcoin (BTC) down under and Bitcoin price action is throwing one disappointment after another at the investors since the 26th of June. That’s precisely when the price hit thirteen thousand and eight hundred dollars ($13800) mark and the volatility reached its peak. Albeit briefly, Bitcoin price hit the thirteen thousand dollars ($13000) mark twice since June 2019. While BTC price has been dwindling below eleven thousand dollars ($11000) for the better part of the last three months.

While Bitcoin price managed to hit the twelve thousand dollars mark on the 6th of August 2019, the better part of three months within the ten thousand dollars ($10000) range speaks for the current state of the crypto. Would Bitcoin price rally again? Well, regardless of what the world believes, analyst and investor Josh Ragers believe that BTC price can take another huge rally. Ragers is of the view that the BTC price is headed towards the eleven thousand and seven hundred dollars ($11700) mark once again. However, what’s different about it this time is the nature of rally that would allow the king to take the big run everyone is desperately waiting to happen.

The funny part is Ragers, hinted on this back in June as a joke, however, it turns out that the odds were in his favor. Now, months later, BTC price action has actually turned the tables in favor of his comic prediction.

The Ragers chart reveals that the launchpad Bitcoin price currently stands at the eleven thousand six hundred and ninety-eight dollars ($11689) mark. The chart furthers that breaking past this point Bitcoin price would take a huge rally similar to the one back in 2017. However, the price would not be rising up to a new all-time high this time around but rather raise up to the nineteen thousand six hundred and sixty-six dollars ($19666) mark. Bitcoin is hovering at the ten thousand and seventy-five dollars ($10075) at the time of writing.

 

By Saad B. MurtazaSEP 11, 2019

David Ogden – Http://markethive.com/david-ogden

Next Bitcoin Bull Market Could Take Years So How Long To Next Peak?

Next Bitcoin Bull Market Could Take Years, So How Long To Next Peak?

Long term price predictions for Bitcoin are always positive since very few industry analysts see things going south for the technology. This year has been very bullish for BTC, compared to the nightmare it had last year. Looking at the charts though could spell quite a long wait for the next market cycle peak.

Bitcoin Could Take Its Time To Reach Next High

BTC has made over 170 percent since the beginning of the year and while that is no mean feat, it doesn’t compare to gains in recent bull markets. In just three months in late 2017 the king of crypto surged 400 percent to hit its all-time high.

This time around the going seems a lot slower, especially considering the past ten weeks of sideways trading with little clear direction. The market cycles from boom to bust appear to be extending, with each one taking considerably longer than the previous. So, the big question remains, when can we expect the next cycle peak?

Crypto analysts have been looking at past bull cycles in an effort to determine the length of the next and we may have a bit of a wait. Josh Rager has observed that market bottoms to tops are not sharp movements so it could be a good few years until the next one.

“Each Bitcoin market cycle took significantly longer than the previous. Each market bottom to peak-high in price wasn’t as sharp. Next peak-high likely a few years away but good things come to those who wait”

His observations are similar to those from analyst ‘Moon Overlord’ who said something similar last week.

“Naturally as Bitcoin expands as does the velocity at which these moves take place. With each dollar added to the marketcap it becomes that much harder to grow and the percentages become more incremental. A bull market at this scale will take years to play out to full effect”

Those charts do not offer a next peak, which could arrive somewhere in the middle of the next decade, but they do both agree that there will be one.

Really? That Long …

Other arguments for a shorter period to the next peak include the fact that Bitcoin is now considered a new asset class and previous data has been accumulated in less than a decade. Those charts also do not include institutional investment which has yet to weigh in and the fact that millions are now seeking safe haven, offshore hedges against government currency and economy manipulation.

In the short term there appears to be little demand for Bitcoin at current price levels and only when it drops into four figures do the buyers wake up. In the long term, patience will be the key.

 

Martin Young

David Ogden – Http://markethive.com/david-ogden

Who Is John David McAfee?

Who Is John David McAfee? 

Some of you may be familiar with John McAfee if you had a computer and installed his anti-virus software back in the day. Historically, he founded the McAfee Software company way back in 1987 and was instrumental in running the business until 1994 when he resigned from the company. McAfee Associates achieved early success as the creators of McAfee, the first commercial anti-virus software. The business was bought by Intel in 2011 with TPG Capital now owning a majority stake since 2017 and now produces a range of enterprise security software. 

A Bit About John

John McAfee was born in the United Kingdom in 1945 on a U.S. Army Base to an American father who was stationed there. His mother was English. They settled in Salem, Virginia US where McAfee was raised. However, he has said he feels as much British as he is American. It was unfortunate that McAfee’s father, an abusive alcoholic, committed suicide when he was just 15 years old. 

He went on to achieve a bachelor's degree in mathematics in 1967, from Roanoke College which subsequently awarded him an honorary Doctor Of Science (Sc.D) degree in 2008.  

McAfee was employed as a programmer by NASA's Institute for Space Studies in New York City from 1968 to 1970. From there he went to Univac as a software designer and later to Xerox as an operating system architect. In 1978 he joined Computer Sciences Corporation as a software consultant. He worked for consulting firm Booz Allen Hamilton from 1980–1982 In the 1980s, while employed by Lockheed, McAfee received a copy of the Brain-computer virus and began developing software to combat viruses.

He then went on to open his own company McAfee Associates in 1987 while working at Lockheed. In 1989 he quit Lockheed and worked fulltime on his business which he initially operated out of his home in Santa Clara, California. 

Since leaving McAfee Associates in 1997, he has founded the companies Tribal Voice (makers of the PowWow chat program), QuorumEx and Future Tense Central, among others, and has been involved in leadership positions in the companies Everykey, MGT Capital Investments, and Luxcore, among others. His personal and business interests include smartphone apps, cryptocurrency, yoga, and all-natural antibiotics. 

John McAfee’s wealth peaked in 2007 at $100 million, before his investments plummeted in the event of the Global Financial Crisis that began that year. It was reported that his personal fortune had declined to $4 million. 

He bounced back when he moved to Belize where he started the company, QuorumEx in 2010 which aimed to produce commercial all-natural antibiotics based on anti-quorum sensing technology. He resided for a number of years in Belize but later returned to the United States in 2013.

McAfee is also a political activist, who sought the 2016 Libertarian Party nomination for President of the United States in the 2016 election, losing to former New Mexico governor Gary Johnson. He has since announced his plans to run for president in the 2020 elections. His primary platform is to promote the use of cryptocurrencies. He did state that he will either seek the nomination of the Libertarian Party for a second time or form his own party. 

This is one creative side of John McAfee

“The perfect mathematics of the blockchains (yes – there are many different blockchains). As a mathematician, this is how the blockchain math would sound, to me, if it was music.” – John McAfee

What Is His Political Stance

McAfee identifies as a libertarian, advocating the decriminalization of cannabis and an end to the war on drugs, non-interventionism in foreign policy, and a free market economy that does not redistribute wealth, and he upholds free trade

McAfee advocates for increased cyber awareness and more action against the threat of cyberwarfare.

McAfee has advocated for religious liberty, saying that business owners should be able to deny service in cases that contradict their religious beliefs.

He also states, 
 "No one is forcing you to buy anything or to choose one person over another. So why should I be forced to do anything if I am not harming you? It's my choice to sell, your choice to buy."

A Passionate Man

John McAfee, a Cryptocurrency maximalist, has led a very colorful and somewhat controversial life. He has been caught up in numerous legal issues some are fact, and many are fiction according to him. He’s not afraid to speak out. You either love him or you hate him. 

He and his wife are currently in hiding, communicating within a Faraday cage  This is just the beginning of the next chapter for the anarchist that in many cases makes a lot of sense in his reasonings and advocacies. We will be following him over the next couple of months to find out who is the real John McAfee? Does he have a purpose? And what will be his legacy? 

Apart from his outlandish behavior that many have balked at, he is principled and is predominately fighting the good fight, for the people, as John McAfee is truly an essential part of the resistance to government corruption and tyranny. It does take a bit of thinking outside the box to understand him. A little patience and forgiveness to overlook his faux-pas, but you got to admit he’s entertaining. Stay tuned… 

 

ecosystem for entrepreneurs

 

 

Dvid Ogden
Entrepreneur One @Markethive, a global Market Network, and also a strong advocate for technology, progress, and freedom of speech.  I embrace "Change" with a passion and my purpose in life is to help people understand, accept and move forward with enthusiasm to achieve their goals. 

 

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David Ogden – Http://markethive.com/david-ogden