Bitcoin Price Prediction: BTC/USD Stabilizes Above $9,900 As The Bulls Struggle To Conquer $10,000

Bitcoin (BTC) Price Prediction – May 8

The Bitcoin price briefly hit $10,000 yesterday and it’s testing that level again today.

BTC/USD Long-term Trend: Bullish (Daily Chart)

Key levels:

Resistance Levels: $11,500, $11,700, $11,900

Support Levels: $8,800, $8,600, $8,400

BTCUSD – Daily Chart

BTC/USD is currently wildly fluctuating around the $10,000 level as the bulls and bears are engaged in a furious tug of war. Looking at the daily chart, if the bulls do take control, but according to the technical indicator, they may not face any strong resistance levels all the way to $11,300 because the RSI (14) has gone up further in the overbought zone and is hovering around 80.93.

Yesterday, the Bitcoin price briefly hit $10,000 level, the highest it’s been since February this year before falling back down. At the opening of the market today, after testing the low of $9,681, the coin is currently trading … Read more

Usage-Based Car Insurance and Telematics: 3 Common Myths

Highlights:

  • Today’s drivers are benefiting from auto policies tailored to their personal driving habits
  • Many want to know more about how usage-based insurance works
  • Some common misconceptions, or myths, are easily busted

The days of the “one-policy-fits-all” approach to auto insurance are ending as consumers seek coverage tailored to their specific driving habits. For many, usage-based insurance, also known as UBI, is a new concept. And consumers have questions about how the emerging technology may fit into their lives.

UBI is known by several names, most commonly telematics insurance.  There are several types of telematics insurance: pay-per-mile, pay-as-you-drive (PAYD) or pay-how-you-drive (PHYD). The best way to understand whether a UBI option is right for you is to talk to your insurance agent. In the meantime, here are answers to some frequently asked questions, as well as some common UBI myths that are easily busted.

What is usage-based car insurance?

UBI … Read more

Indian Cryptocurrency Exchange BitPolo Launches During Pandemic

BitPolo, an Indian fiat-to-crypto exchange, has just gone live in the country, according to a blog post from the group.

The exchange is based in Bangalore, India, and offers “crypto trading with a series of desirable, state-of-art features like high liquidity markets, fiat payment gateways, tight order book spread, instant INR deposits and withdrawals, engaging and easy to use UI, and bare minimum fees,” the post notes.

Of course, many of these features are offered by other exchanges, such as Binance, but having a local one with these offerings is ideal.

Speaking on the matter is Suresh Choudhary, the Chief Business Officer of Bitpolo:

“We were building through the bear market and thought the timing of our launch cannot be more apt than when the world is slowly inching back towards normalcy post a pandemic and recessionary environment.”

Fortunately for the cryptocurrency scene, usage in India has been Read more

15 Fun Activities for Kids Stuck at Home

 

 

It can be hard enough for adults to keep busy during extended periods of time at home. But for kids, the boredom can be overwhelming. Help your little ones beat cabin fever with these fun things to do:

1. Start a DIY project

Bring out the craft supplies and help your youngster’s inner artist shine through. Kid-made paintings and drawings are personal, creative and cute.

2. Teach your kids to cook

Introduce basic food preparation skills by teaching your kids how to cook fun treats such as cookies, muffins and side dishes. They’ll learn how to read recipes, follow instructions, measure ingredients and establish good nutritional habits while making tasty treats. Before you head to the kitchen, be sure to follow safe cooking practices.

3. Get off the couch and exercise

Turn off the television and video games and start moving. Doing scavenger … Read more

SEC Commissioner Peirce Sees Increase in Cryptocurrency Demand

SEC Commissioner Hester Peirce, fondly known as “Crypto Mom” in the crypto community, spoke in favor of digital assets once again. She said that there is an increasing demand for cryptocurrencies from investors who want to create more diversified portfolios.

Supporting the crypto revolution

Appearing during a Livestream discussing in the Crypto Finance Conference St. Moritz, she said that the pandemic has affected all industries, including cryptocurrencies. Institutional investors are showing more interested in digital currencies because they want to diversify their portfolios. She said that people may also be interested in cryptocurrencies now.

She added,

“As people are more comfortable working in a virtual world in every industry now, I think people are likely to turn more interest to the crypto space.”

She noted that the pandemic has brought one major advantage to the industry. It has helped bring people together from around the world to work virtually.

SEC

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