BTCUSD has formed lower highs and found support at $585, creating a symmetrical triangle on its short-term time frames. Since this comes after a strong rally, though, it could be considered a continuation flag signal, pending an upside breakout.

The 100 SMA is above the 200 SMA on this time frame, confirming that further gains are possible. However, the gap between the moving averages is narrowing so a downward crossover could take place, letting sellers take the upper hand. If so, BTCUSD could drop towards the next visible support at $562.50.

Both RSI and stochastic are on middle ground, barely offering strong directional clues. It’s worth noting, however, that stochastic and RSI appear to be on their way lower, reflecting a bit of bearish pressure. On the other hand, an upside breakout could lead to a test of the triangle top near $600.

There’s not much in the way of US economic data these days, although traders seem to be booking profits after the upbeat NFP release. Other jobs indicators haven’t indicated as much upside pressure on hiring or wages, downplaying hopes of a Fed rate hike for September.

The US is set to print its retail sales figures on Friday and strong data could spur more gains for the dollar against bitcoin. Weak data, on the other hand, could lead to an upside breakout for BTCUSD. Analysts are expecting a 0.4% increase in headline retail sales and a 0.2% gain in core retail sales, slower than the gains posted in the previous month.

As for bitcoin, the selloff from the Hong Kong Bitfinex hack seems to have boiled over and traders are still booking profits off their short positions. Investors may also be reestablishing their long biases as central banks are adopting an easy money policy, leading them to seek higher returns elsewhere.

http://www.forexminute.com/btcusd-price-technical-analysis-ready-to-break-out-2/

but we must give our wife somthing maybe the pure gold ring, then we introduce it to instal bitcoin wallet and send 1bitcoin to him wallet:

agree with you, printing money make the value decrease each year.
bitcoin is the solution for fiat problem, limited supply full decentralization because not only goverment who can print money (read: minng bitcoin).

me too, it's very hard to find offline merchand accept bitcoin. but in online store we can find good market like purse.io or we can use bitcoin openbazar. we can find anything with this service

im very lucky because iam start earning bitcoin arround middle 2014, my total earning arround $10.000, but i get bad experience with trading and some of my bitcoin get hacked. i lost arround 10bitcoin until my first time know bitcoin.

California is set to follow New York’s lead, but the Bitcoin Foundation wants to stop the state from getting its own version of the BitLicense.

The California Bitcoin License bill designated as AB1326 has undergone several changes in the assembly and senate since it was first introduced last year. It is now awaiting a second reading by Senate.

Opponents of the bill, however, claim that the language of it has the potential to reduce California’s capability of supporting digital currency startups in the state.

Bitcoin Foundation Education Committee chair Colin Gallagher is one opponent who has called on people to sign a petition opposing the bill after writing on a forum today stating that the new version of the bill is ‘even worse than before.’

https://www.cryptocoinsnews.com/california-set-get-bitlicense/

The many uses and proposed uses for blockchain technology include smart contracts, decentralized payment systems, insurance claims, supply chain management, health records management, land title registration, energy grid management and now protection from copyright infringement.

Websites like Blockai, Pixsy, TinEye, Ascribe, Mediachain and Proof of Existence promise to use blockchain technology to register and protect against copyright infringement. They understand that a public decentralized ledger like the blockchain is ideal for cataloging and storing original works of art, documents, manuscripts, photographs and images, away from any central authority.

https://bitcoinmagazine.com/articles/is-blockchain-powered-copyright-protection-possible-1470758430

i think bitcoin will replace old money system, because the bitcoin rate growing each year, and more newbie join everyday to know about bitcoin.

in fact bitcoin have value, and im sure in future bitcoin can be 1st international currency

I think by mining altcoin on a trusted site, the new altcoin will be trading at pair btc then we can growing our bitcoin,or maybe we can invest at reliable websites and others. that way we can be rich with bitcoin.

I will only buy when bitcoin prices fall , because it is a good opportunity to save bitcoin in large numbers and I'll sell when the price rising again.

I think the value of bitcoin in late 2016 or early 2017 will increase rather than the value of bitcoin now, it is my prediction because in previous years the value of bitcoin will rise at the end or beginning of the year.

are you sure about it? no regulation for digital currency?
i think each goverment know about bitcoin, but most of them see bitcoin just for digital asset no more.

The event is organized by Chaincode Labs, “a New York City-based research and development group that explores cryptocurrencies and other peer-to-peer decentralized systems” according to their website.

The lab is further hiring 4-6 developers to work on bitcoin’s protocol and development to address the lack of new entrants to the bitcoin development space since 2013. Speaking to Bitcoin Magazine, Corallo stated:

    There are a ton of Bitcoin developers who have never contributed to Bitcoin Core, or to low protocol development — lots of them because they feel ill-equipped to do so — for instance because the idea of going through a rigorous review like we have to do sounds really daunting. So we’re looking for those people to really learn how that works, and come to think about the issues.

https://www.cryptocoinsnews.com/bitcoin-core-ramps-up-efforts-to-compete-with-eth/

Never before has any open source project generated as much attention on the international stage as Bitcoin.

But Bitcoin, a cryptocurrency platform void of allegiance to any nation or financial institution, is just the first of an expanding and more sophisticated class of open source blockchains expected to revolutionize the exchange of all digital assets -- money, real estate, music and intellectual property --  in future commerce.

The Bitcoin Foundation continues to develop its peer-to-peer payment network under an MIT license. The value of Bitcoins has fluctuated up and down, and while some naysayers have already pronounced its death, backers saw an upswing after Brexit.

https://www.linux.com/news/next-generation-open-source-blockchains

if you can get salary from both of them why not?
i think we can use bitcoin as assurance investment for retirement day, then use real salary from daily cost and needs.

I think this is the right time to buy bitcoin in large numbers because the current bitcoin prices are down, why it could happen because of a few days ago loss of approximately 115 bitcoin on a particular site.

don't forget bitcoin can fail more than 50% in 1 day too. i think we can't only choosing bitcoin for future investment, gold is older than bitcoin, and survive more than 1000years

The $65 million Bitfinex hack shows that it is impossible to tell a good bitcoin company from a bad one

Bitcoin suffered yet another blow last week when Bitfinex, one of the cryptocurrency’s largest exchanges, suffered a hack that cost its users about $65 million. Every one of its investors saw their funds suddenly drop by 36%, as the company decided to “socialize” the losses.
The source of the security breach remains unconfirmed, as Bitfinex continues to work with “authorities” (it’s not clear which ones) to pinpoint what happened. But the details of the hack aren’t its only mystery. Burnt traders are now struggling to figure out something even more basic—who exactly is behind Bitfinex and where are those people located?

http://qz.com/753958/the-65-million-bitfinex-hack-shows-that-it-is-impossible-to-tell-a-good-bitcoin-company-from-a-bad-one/

save is not easy, im miner, i need fast money for buy new hardware again, then i choose to sell my altcoin in any rate, after my earning enough to buying new vga i withdraw my bitcoin.

i think in future bitcoin can accepted by all people in the world, and each people have "smart card wallet" when we can receive and send our bitcoin just put PIN/privekey