• Bitcoin has a neutral short-term bias, with the cryptocurrency testing towards its 200-period moving average on the four-hour time frame
• The four-hour time frame shows a bearish head and shoulders pattern
• Technical indicators on the daily time frame are starting to correct from overbought readings

Bitcoin has a neutral short-term trading outlook, with the BTC / USD pair reversing back towards its 200-period moving average on the four-hour time frame.

Bitcoin prices may be headed for another dip, but the network is continuing to grow. Miners on the largest blockchain network reached a new all-time high for network security, with 68,631,992 Terahashes per second. 

Cosmos (ATOM) is a decentralized ecosystem of independent blockchains that its creator, All In Bits Inc (dba Tendermint Inc), hopes is the foundation for the next generation of internet technology. Instead of participating in divisions between crypto factions, Cosmos brings them all together, enabling interoperability, currency exchanges, and an Internet of Blockchains (IoB).

Could you make a streaming service that is fully decentralized and Peer-To-Peer? The solution is relatively simple: most people don’t use their entire internet bandwidth, so tapping and sharing this excess connectivity could help run a massive content network.

This is exactly what the New Kind of Network (NKN) wants to achieve, and today the project got closer to that objective by launching its mainnet, dubbed “Narwhal.”

Bitcoin continues to form the basis for the entire crypto economy. One need only look at price graphs to see that the majority of cryptocurrencies continue to follow the dips and rises of the original digital cash.

The Polkadot Network is an ambitious blockchain project that is working to deliver blockchain interoperability. Broadly speaking, Polkadot will allow different blockchains to connect and communicate, which could resolve difficulties related to crypto transactions and app development. Crypto Briefing covered some of Polkadot’s features in more detail in a previous article.

• BitTorrent has a bullish short-term outlook, with the BTT / USD pair recovering back above key support on the four-hour time frame
• The four-hour time frame continues to show a bearish head and shoulders pattern
• The daily time frame shows a bullish breakout from a descending price channel

BitTorrent reports gains prior to the launch of its testnet today.

• Litecoin has a neutral short-term trading bias, with the cryptocurrency trading around its 200-period moving average on the four-hour time frame
• The four-hour time frame is showing that the LTC / USD pair has stopped creating higher highs
• The daily time frame continues to show that medium-term bulls are still in control

Litecoin has a neutral short-term trading outlook, with the LTC / USD pair consolidating around its 200-period moving average on the four-hour time frame.

• Holo has a neutral short-term outlook, with the cryptocurrency consolidating around key technical support on the four-hour time frame
• Bearish patterns are starting to build across the four-hour and daily time frames
• The HOT / USD pair continues to trade above its key 200-day moving average on the daily time frame

Holo has a neutral short-term trading bias, with the HOT / USD pair consolidating around its 200-period moving average on the four-hour time frame.

Imagine for a moment that Craig Wright truly is who he says he is; the inventor of Bitcoin. Imagine you are one of the few who, despite the evidence against his many rambling arguments, believe he truly is the creator of this revolutionary monetary system, now rejected by its creator because it has been used for “bad things”.