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Bitcoin price remains stable above 4,000 USD threshold

Bitcoin price remains stable and keeps its position about 4,000 USD for the third consecutive day.


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Bitcoin price remains stable and keeps its position about 4,000 USD for the third consecutive day. However, the cryptocurrency stays dangerously close to 4,000 USD handle, as the upside momentum has faded away after a short-lived attempt to break above 4,100 USD resistance level.

Many cryptocurrency experts prefer to stay cautiously optimistic even after Bitcoin managed to settle above 4,000 USD handle. Bitcoin recovered nearly 28% of its value from 2018 low of 3,128 USD. However, it is not enough to convince traders that the bearish trend is over.

Bitcoin price trend

The cryptocurrency market is mostly remaining in greed today. Ethereum rises by 1.15% to 152.54 USD, Ripple appreciates by 1.8% to 0.3702 USD and EOS grows by 1.5%. The biggest increase is registered in the value of TRON, which is rising by 6.4%. The total value of the cryptocurrency market is estimated at 137.5 billion USD, far away from the highs registered a year ago.

Bitcoin technical analysis

Bitcoin is supported by a combination of SMA100 and SMA50 clustered around 3,840 USD level. This support area is followed by the short-term upside trendline and a psychological 3,800 USD. Once it is cleared, the sell-off may be extended towards 3,665 USD (SMA200, 4-hour) and 3,645 USD (the lowest level in 2019 so far).

On the upside, we need to see a recovery at least above the recent high at 4,110 USD. Once this barrier is out of the way, the upside momentum may gain traction and push the price towards 4,200 USD and 4,234 USD (pre-Christmas high).

Top crypto events in January 2019

The first month of the new year includes a full schedule of conferences and events that should be of interest to any keen crypto enthusiast or investor. Here’s a list of the most exciting events related to block technology in January.

Blockchain Connect Conference
Date: January 11, 2019
Location: San Francisco, USA
Hosted by SV Insight, Blockchain Connect Conference: Academic 2019 will be the third iteration of such an event. San Francisco will welcome some of the most impressive professors in the global blockchain scene. There will be discussions focusing on the latest blockchain research, problems, and solutions.

The events will include keynote speeches and panels that will address a wide range of implementation topics to the next major breakthroughs in this industry.

The event will be attended by the creator of Ethereum cryptocurrency Vitalik Buterin, the professor at UC Berkeley and co-founder of Oasis Labs Down Song, and the founder of Indiegogo and co-founder of Humbition Slava Rubin.

Date: January 13 – 15, 2019
Venue: Washington, USA
BlockChainge DC 2019 will bring together the most suitable people from different areas to engage in discussions, focusing on important solutions and blockchain issues. There will be over 500 Industry Leaders, Civil Servants, Attorneys.

BlockChainge DC 2019 is an event that caters to all Crypto enthusiasts, regardless of the level of experience in this sector. This event will have an engaging approach to generating understanding and practical insights that can help you plan the future of your organization.

Among the people who will speak are Warren Davidson (Congressman of the American Chamber of Representatives), Jalak Jobanputra (Founder of Future Perfect Ventures), Jose Arrieta (Deputy Assistant Secretary of the American Ministry of Health and Human Services).

Constantinople hard fork
Date: January 16, 2019
The long-planned Ethereum fork is coming on Jan. 16th. With Constantinople going live within weeks. Constantinople is one of the key milestones in Ethereum’s roadmap to version 2.0, which moves the protocol from proof-of-work (PoW) to proof-of-stake (PoS). The update introduces a few new opcodes—pieces of logic programmers use to develop smart contracts, delays the intensity of the mining “difficulty bomb” and reduces the reward for finding blocks, and alters and optimizes the way gas is consumed.

Once activated, nodes running Constantinople will be incompatible with the previous version of Ethereum, resulting in a “hard fork” of the blockchain.

The Constantinople hard fork is expected to happen on January 16th, when the blockchain reaches block 7,080,000.

Once the hard fork is activated, nodes running the latest software will operate on the new fork.

The North American Bitcoin Conference
Date: 16-18 January 2019
Location: Miami, United States
Keynote will welcome 4500 delegates at this year’s conference of one of the most important Crypto events in 2019. Their previous conference has attracted a large number of leading industry names and they have shown that ICO is developing at exponential speed.

The summit will be attended by David Chaum (Inventor of Digital Money) and Dr. Patrick M. Byrne (founder of Overstock.com and t0).

niTROn SUMMIT 2019
Date: January 17-18, 2019
Location: San Francisco, USA
niTROn SUMMIT 2019 will be a meeting place for professionals and connoisseurs from a wide range of industries and startups who are engaged in blockchain activities.

Delegates from the event will be able to engage in talks with the dedicated community of the TRON ecosystem. Learn what implementations are available for this technology in future industries as they will adapt the block to real cases.

The Blockchain Event
Date: January 30 – February 1, 2019
Location: Fort Lauderdale, United States.
The Blockchain Event will facilitate communication between developers and traders at all levels. There will be topics that focus on the destructive potential of business blocks in all today’s markets.

Participants will be able to listen to real case studies presented by companies from different industries and to learn what breaks them down and why they succeed.

Experts and start-up leaders will discuss different topics such as regulatory changes and security issues that affect the industry. Another major focus of the event will be on the future of the block and what benefits it will bring to the companies.