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Bitcoin of America offers three methods to safely buy Bitcoin

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The cryptocurrency world is constantly evolving. More and more consumers are becoming exposed to digital currency such as Bitcoin. However, as the cryptocurrency space is becoming more well known, making your first Bitcoin or Altcoin purchase is still largely confusing for first time buyers. Online exchanges look complicated and a beginner Bitcoin buyer may not know where to start. Bitcoin of America is seeking to change this, by ensuring customers a fast, reliable and safe transaction with their Over the Counter cryptocurrency exchange. Their goal is to provide a seamless transaction to buy bitcoin online.

For veterans in the cryptocurrency space, the notion that your first crypto purchase is still tedious and complicated may seem laughable. However, a recent video exemplifies just this, for the general population (especially those in the US), cryptocurrency purchases are hard. This is where Bitcoin of America comes in. Bitcoin of America arms consumers with a simple, secure, and straightforward service to buy Bitcoin.

Three Ways to Play

Bitcoin of America offers three methods to safely buy Bitcoin. The first method of exchange is a bank-to-bank wire transfer. This is done directly through the website. Simply create an account to start buying and selling cryptocurrency. Currently Bitcoin of America supports Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple transactions. The customer will be able to wire money from their bank account directly to Bitcoin of America to buy bitcoin online. As a courtesy, for the first transaction, Bitcoin of America’s customer service team will guide you through the transaction process and will verify the BTC address (or other cryptocurrency)

to make sure for a smooth purchase.

Another way to buy Bitcoin is through Bitcoin of America’s Bitcoin ATMs. These Bitcoin ATMs allow a customer to purchase Bitcoin on the spot, usually 24 hours a day. Currently Bitcoin of America operates Bitcoin ATMs in major cities such as Baltimore, Chicago, Cleveland, Columbus, Detroit, Indianapolis, Los Angeles, New Orleans and St. Louis, with plans to expand to new cities throughout the US this year. Customers can buy Bitcoin with cash, at any of the Bitcoin ATMs. This allows users a chance to buy bitcoin immediately without having to wait for a wire transfer.

Lastly, Bitcoin of America’s services span to store payment locations throughout the US. Through their online Bitcoin of America account, users can place Bitcoin orders that they later fulfill in store. Orders are time stamped so the exact rate of exchange is locked in. After placing the order, customers simply make their payment at the store location closest to them in order to receive their BTC.

Utmost Ease
Bitcoin of America allows users to buy bitcoin with ease while providing a fast, safe and reliable transaction. The company offers live chat support for wire services to enable a smooth transaction. This allows the customer to be completely comfortable with their purchase and allows them to ask any questions they may have before buying cryptocurrency. Other bitcoin exchanges only offer email support and that may take days to receive a response all while Bitcoin price is fluctuating. Bitcoin of America allows for any issue that comes up be addressed directly and in the best approach possible. Another key feature that sets Bitcoin of America apart from all of its competitors is same day settlement for all cryptocurrency purchases. Simply wire in the morning and receive your Bitcoin in hours! No waiting 5-7 days like other exchanges.

Bitcoin of America ensures a reliable and safe method to buy bitcoin online and through its Bitcoin ATM and store payment locations.

Bitcoin

Bitcoin (BTC) Bulls Are Not Safe After Recent Price Bounce: Josh Rager

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Bitcoin (BTC), as well as most of the top coins, remains located within the descending channel. Bitcoin Cash (BCH) is the biggest loser – its rate has dropped by almost 5% over the last day.

Top 10 coins by Coinstats

Top 10 coins by Coinstats

Meanwhile, the relevant strength of the altcoin market has decreased the dominance rate of Bitcoin (BTC). Currently, the market share of the leading crypto is 66%.

Bitcoin dominance rate

Bitcoin dominance rate

The relevant information below for Bitcoin points to the next direction.

  • Name: Bitcoin
  • Ticker: BTC
  • Market Cap: $153 207 521 074
  • Price: $8 427,68
  • Volume (24h): $24 759 664 505
  • Change (7d): 0.44%

The data is relevant at press time.

BTC/USD: Do Bulls Have Power For One Move to $9,000?

The price of the first cryptocurrency left the side range on the way to the $8,000-$8,200 region.

BTC/USD chart by TradingView

BTC/USD chart by TradingView

The chart shows a breakdown of the $8,460 level which, for a long

time, held back the bears. Immediate support is $8,200, and if it does not stand up, the next goal will be the psychological level of $8,000.

To resume growth, the price needs to rise above the $8,750 level, which corresponds to the upper limit of the recent side. Such a maneuver will improve market sentiment and increase the likelihood of retesting marks near $9,200 in the short term. However, a breakthrough of the $8,750 level still seems unlikely, given the picture in other timeframes.

BTC/USD chart by TradingView

BTC/USD chart by TradingView

On a larger time frame, the MACD indicator histogram has crossed the zero mark. The intersection of moving averages (MA) with periods 5 and 10 also hints at bearish sentiment. In general, the situation is clearly not in favor of buyers. Respectively, traders might see Bitcoin (BTC) below $8,000 in February.

Bitcoin is trading at $8,412 at press time.

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Bitcoin

Bitcoin (BTC) Bulls Are Not Safe After Recent Price Bounce: Josh Rager

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Trader Josh Rager has shared his take on Bitcoin’s recent price uptick that revived the hopes of the bulls to once again test the $9,000. 

Rager tweeted that BTC is not safe unless it gets back to the upper-$8,000 level that will open the door for yet another leg up. Until then, bears and bulls continue to play tug-of-war without any clear winner. 

At this point, he doesn’t rule out

that the bounce from the $8,200 support might simply be a sucker’s rally that will be followed by a break to the $8,000 level, which is why impatient traders should exercise caution.   

Bitcoin Price

image by @Josh_Rager

Earlier today, trading legend Peter Brandt predicted that current correction could hold despite the fact that the bears expect this rally to be short-lived.

At press time, BTC is changing hands at $8,490, struggling to break above the nearest resistance level.  

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Top 3 Price Prediction Bitcoin, Ethereum, XRP: Bears take over and draw a bloody moon

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  • Despite appearances, Bitcoin is the asset with the best risk/benefit ratio.
  • The current falls are adjusted to the ranges of the previous rise.
  • Downward momentum expires in the first half of February.

Cryptographer and computer scientist Nick Szabo, has presented in his Twitter account a study on the “risk-benefit” ratio of different assets. The study used a Sharpe Ratio over four years Hodl period.

According to this study, Bitcoin is the best positioned, maintaining an average ratio of 3 in the last four years. Behind them are the US stocks, with an average ratio of 2, and gold, which has gone from the last positions in 2016 to the third in the 2020 ratio.

The worst placed asset category is emerging currencies, which with an average ratio of -2 lags far behind the others.

The crypto board reaches the end of the week with the bears securing the market control they gained yesterday in mid-session.

The structure of the moving averages already indicated that the upward turning process that began on January 10th was going to be quite time-consuming. The magnitude of the downward movements in the second half of 2019 had separated the moving averages a lot. 

ETH/BTC 4-Hours Chart

ETH/BTC is trading at the price level of 0.01895 and is down by -1.65%. On the 4-hour chart, the spot price is piercing the EMA50. If Ethereum loses this support, the drop will accelerate to the 0.0185 level.

Above the current price, the first resistance level is at 0.0197, then the second at 0.0200 and the third one at 0.0205.

Below the current price, the first support level is at 0.0185, then the second at 0.0185 and the third one at 0.0182.

The MACD on the 4-hour chart is supported directly by the indicator’s zero levels. The moving averages are sloping downward and are moving away from it, suggesting an acceleration of the trend. 

The DMI on the 4-hour chart shows the bearish-bought pair in equilibrium. Both sides of the market are above the ADX line, a setup that facilitates violent resolutions.


BTC/USD 4-Hours Chart

BTC/USD is currently trading at $8243 and confirms the loss of support at $8400. The EMA50 and SMA100 averages continue to fall and forecast that the end of the downtrend could be on the first week of February.

Above the current price, the first resistance level is at $8400, then the second at $8500 and the third one at $8800.

Below the current price, the first support level is at $8200, then the second at $8000 and the third one at $7900.

The MACD on the 4-hour chart is losing its downward slope, indicating the end of the impulse phase of the

movement. The terminal phase can easily take the price below $8000.

The DMI on the 4-hour chart confirms the end of the bearish momentum phase. Bears are preparing to drill down the ADX line. The bulls are very reactive to any upward movement and break the downward trend.


ETH/USD 4-Hours Chart

ETH/USD is currently trading at $156.09 after finding support at the SMA100. The support point coincides with the 38.2% level of the Fibonacci retracement system and the same system indicates that the 50% level at $150 is very likely to be visited.

Above the current price, the first resistance level is at $161, then the second at $165 and the third at $170.

Below the current price, the first support level is at $155, then the second at $150 and the third one at $143 (61.8% level of the Fibonacci retracement system).

The MACD on the 4-hour chart is increasing its openness and is tilting further down, so we can expect an acceleration of the price’s decline.

The DMI on the 4-hour chart shows that the bearish trend is increasing. The bulls are not reacting and continue to lose strength.

XRP/USD 4-Hours Chart

XRP/USD is currently trading at $0.215 and accelerating the downward movement that began this week. The current price coincides with the 50% level of the Fibonacci retracement system. The next support, according to this tool, is at the 0.205 price level, 61.8% of the Fibonacci retracement system.

Above the current price, the first resistance level is at $0.218, then the second at $0.223 and the third one at $0.235.

Below the current price, the first support level is at $0.205, then the second at $0.20 and the third one at $0.19.

The MACD on the 4-hour chart shows an acceleration of the downward movement. The MACD on the 4-hour chart shows an acceleration of the downward movement.

The DMI on the 4-hour chart shows that the bearish trend is increasing and the bearish momentum is strong. The bulls are not reacting and continue to lose momentum.


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