Bitmain has announced Antminer S19 and S19 Pro (110 TH/s).

https://twitter.com/Antminer_main/status/1232913641353072640

Buying $WRX here

Now let’s point out some BTC bearish signs

Death Cross between EMA50 & EMA200 impending on 4h chart, but we are way below it already, so do not rule out a bounce to the Death Cross vicinity and after that continuation to the downside.

Square’s 2019 Bitcoin Sales Touch $516 Million

The platform gained $8 million in total last year from BTC sales.

Mobile payments startup Square has reported on Wednesday that its CashApp generated over $178 million in revenue from the purchase of Bitcoin in the fourth quarter of 2019, generating a profit of $3 million.

This is a 20 percent increase over the Bitcoin sales of last quarter, the figure of which stood at $148 million.

Buying a bag of $STX here.

The big Alt-Push has made 89.17% profit. Congratulations.We take 9.17% fees. Please contact: @CryptoWorldTina for a payout. This Alt-Push was for people who invested 0.25BTC to 15BTC.

The small Alt-Push has made 26.99% profit. Congratulations. We take 6.99% fees. Please contact: @CryptoWorldTina for a payout. This Alt-Push was for people who invested 0.02BTC to 0.25BTC

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👉 The Latest Breaking News

1. Global Cybersecurity Firm, Kaspersky, Launches Blockchain Based Voting Platform — link

2. Flash Loans Threaten DeFi As Hackers Steal Nearly $1 Million in Ethereum (ETH) — link

3. Crypto.com and Travala.com Partner to Drive Cryptocurrency Mass Adoption — link

4. Ripple Fails to Dismiss XRP Securities Lawsuit — link

5. Bitstamp adds support for bech32 Bitcoin addresses — link

6. Actor Steven Seagal charged with unlawfully touting digital asset offering — link

7. UK's FCA suspends Epayments service - over £100m frozen and alleged Onecoin connection — link

8. FCoin announces its relaunch, promising to repay all its users — link

9. Bitmain announces specs for next-gen Antminer S19 and S19 pro coming soon — link

10. Revolut Will Make Crypto Available in 50 States — link

​​📈 Market Overview

Bitcoin is currently recovering from the $8,512 weekly low against the US Dollar. However, BTC price is still facing many key hurdles near $9,000 and it could resume its decline.

👉 Bitcoin is showing signs of a short term upside correction from $8,512 against the USD;

👉 There is likely a bearish flag forming with support near $8,735 on the hourly BTC/USD chart;

👉 The pair could resume its decline below the $8,735 and $8,600 levels in the near term.

Bitcoin Is Facing Key Hurdles

A new weekly low is formed near $8,512 and the price is currently correcting losses.

Moreover, there are many resistances forming near the $9,000 and $9,200 levels. More importantly, there is likely a bearish flag forming with support near $8,735 on the hourly chart of the BTC/USD pair.

The next major support and buy zone is near the $8,200 level. In the medium term, bitcoin price is likely to bounce back as long as there is no daily close below $8,000.

Technical indicators:

— The MACD is slowly moving in the bullish zone;

— The Hourly RSI for BTC/USD is currently just below the 50 level;

— Major Support Levels – $8,735 followed by $8,500;

— Major Resistance Levels – $9,000, $9,200 and $9,280.

​​BTC Still Undervalued, According to STH-MVRV

The present low MVRV Z-Score suggests that BTC is still undervalued, with significantly more room to grow before reaching the next market top. This provides support for many analysts' prediction that bitcoin will stay above $8000 for the time being.

As of 16 January this year, STH-MVRV (7-day MA) has climbed and remained comfortably above 1. Historically, this has correlated with uptrends in the price of BTC, suggesting fundamental support for higher prices.

This metric suggests that BTC has room for more imminent growth.

Bitfinex suspended activity due to a DDoS attack — link

Same thought and agreed with him ☝️

Bitcoin On-Chain Fundamentals

The current correction coincides with a significant reduction in on-chain economic activity, according to Glassnode.

The blockchain data and intelligence provider firm maintains that in the past week different on-chain fundamentals have dropped substantially.

USD volume fell over 18 percent, raw transaction count plunged more than 2 percent, and the number of active addresses and entities also plummeted.

📈TOP 100 Cryptocurrencies Performance in February 2020

This week has been brutal for several asset classes like equities, energy, and cryptocurrencies due to Coronavirus cases surging in various parts of the world.

This month the crypto market cap has dropped by 5%.

The stock market has its worst drop since the 2008 financial crisis.

— S&P 500, which tracks large U.S. stocks, down -20%.

— Dow Jones falls 16%, its worst drop in history, crashing for the 5th day straight.

Part #1 / To Be Continued...

BTC: That nasty rejection did its job

The Death Cross on 4h was fallowed by a lower low, however there’s a potential bullish div on the RSI

CME Gap at 8550 has just got closed!

📌CME BTC Futures expire today at 4:00 p.m. London time

The big Alt-Push has made 48.77% profit. Congratulations.We take 8.77% fees. Please contact: @CryptoWorldTina for a payout. This Alt-Push was for people who invested 0.25BTC to 15BTC.

The small Alt-Push has made 16.34% profit. Congratulations. We take 1.34% fees. Please contact: @CryptoWorldTina for a payout. This Alt-Push was for people who invested 0.02BTC to 0.25BTC.