Bitcoin Price Analysis: BTC Fundamental and Technical Indicators Diverge

bitcoin price trading within tight ranges
Adoption picking up, positive for BTC in the long-term
Transactional volume dropping

It’s all about adoption. Luckily, metrics point to increasing participation, a development which is bullish for BTC in the long term. Before we initiate longs, BTC/USD is technically bearish. The position will change after there are substantial gains above $3,800.

Latest ₿itcoin News

Fundamentals

Traders, as well as investors, are neck deep in bear territory. However, there is something special about this correction: there is a level of resilience among coin holders. Part of this rejection is because of increasing awareness and Satoshi’s vision-mission statement taking root. Note that ₿itcoin is a public blockchain and its source code open. That is why there are divergent interpretations.

On the one hand, some individuals are convinced ₿itcoin is not cash but a store of value, a settlement layer where people from all over the world can shield their value from an inflation-resistant network. On the other, BTC can operate as a means of exchange, competing with legal tenders as USD.

bitcoin going from $3,500 to $1,000,000 a lot less crazy than it getting to $3500 in the first place.

Never underestimate #Bitcoin.

— Alec Ziupsnys (@AlecZiupsnys) February 2, 2019

All the same, we know that just as easy it was for BTC to jump from $0.001 to $1, there is nothing that can prevent ₿itcoin from expanding to $20k, 50k or even $250k. It’s all about adoption, and there is movement in that sector.

Candlestick Arrangements

Technically, BTC is under immense sell pressure and is “hanging on.” Like before, bulls have as long as they trend within this $300 range between $3,500 and $3,800. Our trade plan is simple: BTC prices must expand above $3,800 with high trade volumes preferably above 35k before we can think of initiating longs.

The only hindrance is Feb 5 bear candle that threatens to drive prices below Jan 2019 lows. Note that is there is a whole bear bar below Jan 2019 lows and this support level, it will be likely that sellers will press lower reversing gains of late Dec 2018. It’s because of this uncertainty that we recommend patience and even shifting BTC to stables until after there is a defined trend.

Technical Indicators

Transactional volumes are drying up, and BTC/USD is trading within a tight trade range. Because of Jan 6 bear bar with above average volumes—13k versus 10k, we need a counter bull bar with equal or higher trade volume for a trend reversal. These volumes should be above Jan 20’s 20k and even Jan 10’s 35k.

Published at Thu, 07 Feb 2019 19:00:10 +0000

September 3, 2017

bitJob Announces Partnerships with Leading Academic Institutions

The blockchain marketplace for student employment is already gaining traction with a series of universities, even before its main token sale has started.

TEL AVIV, ISRAEL. August 31st, 2017. – BitJob, the blockchain platform that aims to create a global marketplace for student employment, is off to a flying start in both its university partnerships and its token pre-sale.

[Note: This is a press release]

Crypto employment

The project is designed to connect university students with employment opportunities within the digital currency sector, and will shortly be holding its crowd fund. However, even before the formal launch it has garnered significant interest from a series of universities and student groups, signalling a promising future. Like digital currencies themselves, the greater the network effect the more valuable the project becomes for its users – and if the collection of participants to date is anything to go by, BitJob will become one of the primary hubs for recruitment in the blockchain sector.

One of the first participating groups is the University of Florida Bitcoin Club, which was founded in September 2016 by founder and developer Aaron Schwartz. The list of universities and groups that have joined BitJob to date also include Blockchain at Berkeley, McGill Cryptocurrency Club, Concordia Fintech Society, The Ivey Business School at Western University, Infolab at The Cyprus International Institute of Management (CIIM), and The Blockchain Education Network.

Social responsibility

Although the initiative is powered by blockchain technology, BitJob’s significance is primarily social, rather than technical – as Dr Theo Mourouzis, one of the project’s newest advisers and Programme director of the MSc in Business Intelligence and Data Analytics at the Cyprus International Institute of Management (CIIM), explains.

bitJob is an excellent application of Blockchain technology, that utilizes its decentralization, automation and transparency features for enabling students to earn some income while they are studying. It is not the technology aspect that makes bitJob a great idea but more importantly its social responsibility aspect towards the society and especially the group of youngsters enrolled for studies in universities. It is not only the disruption that it brings in the job-seeking space but the direct elegant solution that it offers that allows students with primarily no solid professional experience to earn a leaving and employees that have an opportunity to search for fresh minds, hungry to show their skills. This directly contributes towards the great gap that exists between demand and supply for technical skills that exists nowadays.

– Dr Theo Mourouzis, CIIM

Mourouzis, who is also Research Fellow at University College London’s Centre for Blockchain Technology, has extensive international consultancy experience in data science, blockchain and information security. In 2013, he was a member of the UCL security group that was awarded the first prize in the UK Cyber Cipher Security Challenge among UK universities. ‘The passion and the great knowledge of the founding members about technology and especially blockchain and security convinced me to become a member of this project from the first minute’ said Mourouzis. ‘As an advisor at bitJob, I make sure that all security standards and best practices are followed contributing towards the solidity of the final product and design.’

BitJob raised $1.5M USD in the first week of its token pre-sale, which ended on 16 August.

The official STU token sale will begin on 12 September.

For more information or to participate, visit www.bitjob.io.

The post bitJob Announces Partnerships with Leading Academic Institutions appeared first on Bitcoinist.com.