NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq

Bitcoin Unfazed by Facebook, Why Further Gains Are Likely

Martin Young
Martin Young
6 years ago
2 mins read
bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The crypto sphere has been awash with commentary on Libra this week. It has dominated mainstream and crypto media to such an extent that most are already sick of it. Bitcoin and crypto markets are completely unfazed though and continue to inch higher.

Over the past 24 hours BTC has regained its composure and hit an intraday high of $9,350. The 2 percent pump came in early hours trading on Asian markets following a day or so of consolidation. There is still a large wall of resistance north of $9.5k but this has not been an issue in the past.

Where Next For Bitcoin?

Analysts have been eyeing the charts as usual and some have identified another head and shoulders forming.

“$BTC currently consolidating below resistance. Meme head and shoulders forming (I counter trade this pattern often on Bitcoin) on 4 hr/1hr charts. Price slowly ranging & expect sideways next couple days & would like to see fake-out down before breaking resistance above,”

https://twitter.com/Josh_Rager/status/1141526004072103937

Looking at the patterns indicates another day or two of consolidation before a larger move, which could come at the weekend as it did the last.

Trader ‘Bleeding Crypto’ has been looking at the heat chart and agrees that things are pretty calm at the moment.

“No real heat up or down…. This feels like the calm before the storm…. Its to quiet and eerie right now, I wonder what’s going to happen…. I can hear a pin drop!!”

$BTC No real heat up or down…. This feels like the calm before the storm…. Its to quiet and eerie right now, I wonder what's going to happen…. I can hear a pin drop!! pic.twitter.com/P755uV8lZD

— Bleeding Crypto (@Bleeding_Crypto) June 20, 2019

There has been very little movement for most crypto assets over the past few days. Markets did not even blip when the world’s largest social media network thundered into the scene with its own offering. Many are in agreement that Libra would actually be a good thing for Bitcoin et al.

Satoshi’s Useful Idiot

Zuckerberg could in fact be Satoshi’s useful idiot as RT’s Max Keiser colorfully put it.

“It’s built into the protocol’s genesis block that eventually a heavyweight like $fb would take on BTC. This increased awareness and appeal to would-be potentates will, of course, drive the hashrate to new highs, leading to new ATH for BTC price. Zuck is Satoshi’s useful idiot.”

It’s built into the protocol’s genesis block that eventually a heavyweight like $fb would take on BTC. This increased awareness and appeal to would-be potentates will, of course, drive the hashrate to new highs, leading to new ATH for BTC price. Zuck is Satoshi’s useful idiot.

— Max Keiser (@maxkeiser) June 18, 2019

There is no doubt that a digital payments system that bypasses banks and commission eating forex agents will save millions for the potential market of billions of users. Once people get used to the concept of digital money they will start looking for the real thing. Hello Bitcoin!

Facebook’s reputation with data handling, security, and privacy has been made painfully clear over the past couple of years. If millions of people start to rely on it to pay their bills and manage their finances they could come unstuck pretty rapidly. A clear and far superior alternative already exists which is why Libra is bullish for Bitcoin.

Image from Shutterstock
Tweet123Share196ShareSend
Martin Young
Martin Young

Martin Young

Martin is a Southeast Asia based info-tech, cyber security, and cryptocurrency analyst with 20 years working in web technology and media.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

New Peak: Bitcoin Mining Difficulty Soars To 135 Trillion

Bitcoin’s mining math hit a fresh high this week as the network’s difficulty climbed to a new all-time peak of...

Christian Encila 5 hours ago
Cardano koers alarm: technische analyse geeft ADA koers 10x signaal

Cardano koers alarm: technische analyse geeft ADA koers 10x signaal

De afgelopen week zag Cardano een daling van ruim 6%, maar volgens technische signalen is er een andere wind op...

Lars Diederiksen 7 hours ago

Treibt die Schuldenkrise der USA Bitcoin auf 2 Millionen?

Das US-Wirtschaftsmagazin Forbes erscheint bereits seit mehr als 100 Jahren. Entsprechend viel Kompetenz hat sich in den Redaktionsräumen des Magazins...

georgsteiner 9 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin STH-SOPR Metric Reclaims Critical Level — More Pain For Short-Term Holders?

Opeyemi Sule 1 hour ago
XRP

Why $50 XRP By December 2025 Isn’t ‘Hopium’ If ETFs Get Greenlight: Analyst

Christian Encila 3 hours ago
Ethereum

Ethereum Mirrors Bitcoin Post ATH Movement, As Market Bears Target 20% Correction

Semilore Faleti 5 hours ago

Premium Sponsors

Press Releases

  • ドージコイン 今後4ドル到達の可能性、新興ミームプロジェクトが200万ドルICOに迫る

    ドージコイン...

    14 hours ago
  • 仮想通貨おすすめ:新興レイヤー2プロジェクトがプレセールで1,420万ドル突破

    ...

    14 hours ago
  • シバコイン 今後の可能性と、新たに浮上する注目のレイヤー2プロジェクト

    シバコイン...

    14 hours ago
  • ビットコイン 今後の展望:長期眠っていたBTCウォレットが突然52億円分を移動

    ビットコイン...

    16 hours ago
  • パイネットワーク 価格分析:バンド収束から爆発的上昇の可能性、ウォルコフ指標が点灯

    パイネットワーク...

    17 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.