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      "body": "![](https://cdn.steemitimages.com/DQmPyiQDvTC7RBdHza4FWKHBdRGPPbXTm7RQH5QyHNCqBkf/image.png)\n\n# Tim Draper confident on Bitcoin's future\n## \nHis tie in the picture says it all: billionaire investor, venture capitalist and cryptocurrency whale Tim Draper has been a strong believer in cryptocurrencies for many years now, especially after the 30,000 BTC he won from the infamous Silk Road auction back in 2014. And the recent bear market has not made him waver in the slightest: he believes that by 2022, Bitcoin will be trading at a staggering $250,000!!\n\nTake a look at this interview with him on CCN, where he outlines his views and why he expects it to reach these levels.\n\n[Link to article](https://www.ccn.com/billionaire-investor-explains-why-bitcoin-price-will-hit-250000-by-2022/)\n\nWhat are your thoughts? Where do you think Bitcoin will be in four years?",
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      "body": "![](https://cdn.steemitimages.com/DQmPyt3s9npTGHpa4PDd5iTSWaXPDmoNGarEjbrDSDZtY7U/image.png)\n\nHello Cryptofriends, hope you're all doing well. Here's a quick BTC market update for you. I am not a financial advisor and this is not financial advice, just my opinion on the market situation. Enjoy :)\n\n## Where Are We Heading\n\nMarket Cap at time of writing: 282.5 billion\nBTC price / market dominance: $6,527 / 39.7%\n\n### First, the bad news:\n\n- We can see from the above hourly chart that a bear flag has formed and unfortunately it would seem we have broken below it.\n\n![](https://cdn.steemitimages.com/DQmakxqkFf51NJXyAsZTLdxW27d2DZxwcXirCU7Qukitbrq/image.png)\n\n- Next, we can see that between $6,600 and $6,740 there was heavy resistance and not enough buyers looking to buy in: not a good recovery sign. That $6,620 mark seems to be the resistance point that needs to be broken for good and become support.\n\n- The RSI has shown a downward break in its trend, which shows a bearish short-term sentiment (see blue line break in the RSI chart at the top).\n\n- Buy volume has faded out and we are seeing more sell volume now - although nothing too significant, it doesn't show optimism for a continued recovery.\n\n\n### Now the good news\n\n- The $6,500 mark seems to be a decent support level for the time being. A daily close above this level would further consolidate this support zone.\n\n- No heavy sell-offs yet after the short-term bearish signs.\n\n\n### Market Conclusion:\n\nThis short-term recovery was predictable, however the bulls do not seem to have had enough strength to make this a strong recovery yet. Although this could be a bear trap in preparation, with the current TA I believe we will go back down to test the $6,100 or even $6,000 levels again. The day when bulls are ready will come, but I do not think it will be today. One thing to note is that we will now enter the weekend phase, and with the current market sentiment it is quite likely that we will see more sell volume come in.",
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      "body": "Yep, really hard to tell when we'll exit this bear trend... I feel like today's BTC and altcoin rally was very predictable but I am a bit disappointed with the volume action. I just hope the 6k support level holds if we go back down to test it!",
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      "voter": "thevillan",
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{
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      "author": "mr-swiss",
      "body": "![](https://cdn.steemitimages.com/DQme6rVnpze7wLEmBX237ieVDDWHXrkFsYe12vJFNni9rRH/image.png)\n\n# Caution On Crypto News And Rehashing Of Old Info\n## \nHey crypto friends, I just wanted to drop a quick post about how you should always read crypto news with one thought in mind: **is this news new, or just a rehash of old information?**\n\nIn a crypto market that is so volatile and especially sensitive to bad news at the moment (good news seems to have less of an effect in this current bear market), it is important for us to be able to filter out the rubbish and rehashed old news from what is actually important within the industry.\n\nI just came across [this CCN article](https://www.ccn.com/indias-central-bank-banned-cryptocurrency-with-zero-research-or-consultation/) for example; this is nothing really new, but the way the news has been repackaged makes it look like negative news. And if you look at articles out there, most of them also reflect negativity unfortunately.\n\nSo this is just a word of warning to read articles by hunting down facts rather than \"sentiments\" - as readers, we must try and remain objective and stay away from all the market FUD that could make us miss out on great market opportunities.\n\nRemember: buy the hype, sell the news ;)",
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      "title": "Cryptocurrency News - Rehashing Old News"
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      "voter": "steeming-hot",
      "weight": 700
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{
  "block": 23311667,
  "op": [
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    {
      "author": "mr-swiss",
      "body": "![](https://cdn.steemitimages.com/DQmNpZXqvie2gkVngaqZ43wTRRuqQbcAJtBsPp2pqdRwErm/image.png)\n\n# Bitcoin sees a bounce after meeting the $6,100 support level\n\n### *CCN article summary*\n\nBitcoin price has corrected and bounced back from $6,100 to $6,500 over the past 24 hours, rising by around 6.5 percent. This corrective rally and short-term recovery was quite predictable considering the extremely low Relative Strength Index (RSI), which at under 28 yesterday showed BTC was heavily oversold.\n\nThe downtrend is still very much in action however, and this corrective rally does not mean the bear trend is over - we are likely to see BTC retest the 6k levels. The question is, will we break this support level this time and will we see BTC go lower to the low-5k levels before the next bull run in the mid-term?\n\nThe 2018 cryto market has seen a retail bubble pop once again, as most institutional investors seem to have pulled out for the moment. These institutions need to come back into the game in order to fuel the next rally, as if we depend solely on retail investors, not only would it take a much longer time to rally, but we also may not see enough market confidence for a strong rally to happen and have it test new highs. That being said, crypto investors and funds remain confident that Bitcoin will recover in the mid-term. In the short term, however, it all remains quite uncertain...\n\n[Link to CCN article](https://www.ccn.com/bitcoin-price-bounces-from-6100-to-6500-market-buys-breathing-room/)",
      "json_metadata": "{\"tags\":[\"cryptocurrency\",\"crypto\",\"blockchain\",\"bitcoin\",\"btc\"],\"image\":[\"https://cdn.steemitimages.com/DQmNpZXqvie2gkVngaqZ43wTRRuqQbcAJtBsPp2pqdRwErm/image.png\"],\"links\":[\"https://www.ccn.com/bitcoin-price-bounces-from-6100-to-6500-market-buys-breathing-room/\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "cryptocurrency",
      "permlink": "bitcoin-price-bounces-back-up-from-usd6-100-to-usd6-500",
      "title": "Bitcoin Price Bounces Back Up From $6,100 to $6,500"
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      "body": "Oh woow, in the post it mentioned some paths were completely submerged by the lake, but I didn't know there was a park you could dive to! Sounds amazing!",
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