What Just Happened To Bitcoin (BTC)? Crypto Analysts Explain

bitcoin cryptocurrency

What. The. Hell.

As reported by Ethereum World News earlier today, Bitcoin (BTC) suddenly spiked straight out of left field. Within minutes, the cryptocurrency found itself above $4,200 after trading right under that resistance level for a number of days, even weeks. While BTC breached $5,000 for a brief period during Tuesday morning’s sudden spike, the market has since pulled back slightly to $4,650, as buying pressure has subsided from the Asian and European markets.

However, some are hopeful that with the opening of the American trading session, investors across the pond of Europe on Wall Street will be subject to FOMO, thereby creating a second wave of buying pressure. It isn’t clear if this will occur, as some have postulated that this move was a result of always-on bots, but crypto investors across the board are rather hopeful.


Bitcoin Analysts Explain

Save for a few soothsayers, this move caught many traders with their pants down. In fact, crypto Youtuber Sunny Decree recently joked that he recently made the “worst trade since [he] got on Youtube”, as he shorted $4,200. The fact is, there wasn’t a clear fundamental catalyst that drove this move. Sure, fundamentals for the ecosystem have recently been booming, with there being continual macro factors, institutional announcements, and technical developments that have been an underlying boon for the industry. But, many are sure that Tuesday’s move, which brought BTC from $4,150 to $4,650 — a move of ~14% — was a result of pure technicals.

In response to a comment about the sentiment that CNBC is going to cover the crap out of this Bitcoin news tomorrow, industry trader The Crypto Dog explained that this move was simply price seeking liquidity. With there being relatively little volume, as seen by the lack of a large green candle below, this might not have been the ‘whale buy order’ that some looked to.

And once $4,200 was breached, there was little friction in the order books in the mid-$4,000s, in spite of there being important resistance zones in that region. Thus, a short squeeze, or “cascading liquidations” as The Crypto Dog called it, perpetuated Bitcoin’s brief spike to $5,000+.

Crypto Quantamental expressed a similar sentiment, but with a more bullish tone. He explained that the move was simple, with there being weeks of consistent gains, a clear move to test the $4,200 resistance, a declining long-short ratio, and massive “air” above $4,200 to drive the move. All this came together for a monumental 15% pump — the first of its kind in months.

Crypto Industry Over The Moon (Literally?)

As a result of this move, crypto investors have been over the moon. Jeet Sidhu joked that “life is good” minutes after BTC started to rally. WhalePanda posted a cheery “Anchorman” GIF as BTC surmounted $4,600. And by and large, cryptocurrency stakeholders expressed buoyant sentiment, as they realized that the market could finally begin a recovery.

WhatsApp for Android will get Dark Mode soon; available in beta version

Popular messaging app, WhatsApp has been getting a lot of updates and new features these days. From ways to fight fake news to an in-app web browser, and new Status algorithms. The latest feature coming to the Android version of WhatsApp is the dark mode feature. Already, the dark mode feature is available on the beta version of the messaging app.

This was reported by WABetaInfo, a site that mainly reports on the WhatsApp app. According to the site, WhatsApp is bringing the dark mode functionality so that users can read with ease when they are in low-light environments. This is really long overdue. Users have been waiting for this feature since it was first hinted last year.

The dark mode feature is already available on a beta version of WhatsApp for Android. WhatsApp for Android’s beta version 2.19.82 currently has been seen having the feature. Thus, it is not available to the stable version yet. When the company is done with all the feedback from the beta testing, it will then roll it out to all Android users.

From the screenshot images accompanying the report, the Dark mode will affect the whole app, including the Settings menu area. It will affect the sub-settings menu areas too —Account settings, Notification settings, etc.

The dark mode feature will come already set to “disabled” by default. This means you’d have to set it on by yourself.

Note that the dark mode is not black. It is actually a dark grey colour. Also, be aware that it does not support OLED display panels. This implies that there will be a difference in the dark modes in Android and iOS WhatsApp versions.

Totally unrelated, additional features will be coming with the dark mode functionality. The update will show the audio file name when a particular audio file is sent to other users. At the moment, it is not known when WhatsApp will roll out the dark mode feature to all users, both Android and iOS users.

Infinix Hot 7 (2019): Check out the full specs, features and price

infinix hot 7

Last Friday, we brought you the news about Infinix Hot 7 landing on Monday. So we gathered some information on the full specs of the smartphone.

A few specs we told you about last week include the 6.2-inch screen, Android 8.1, 32 GB internal space, etc.
Below, you will find the key specs of the Infinix Hot 7

  • Processor               : MediaTek MT6580P
  • Memory                 : 2 GB
  • Storage capacity   : 32 GB; expandable by microSD
  • Screen                    : 6.2-inch High Definition Plus (HD+)
  • Rear camera          : 13 MP AF dual camera
  • Selfie camera        : 8 MP lens with flash light
  • Battery                  : 4000 mAh
  • OS version            : Android 8.1 (Oreo), with XOS Honeybee
  • Dimension            : 157 x 75.7 x 8mm

The rear camera has 13 MP AF dual camera, with flash light, with selfie camera having an 8 MP lens with flash light. Infinix Hot 7 runs on Android 8.1 (Oreo) with XOS Honeybee UI. It has a standard 32 GB of internal storage capacity and the memory is 2 GB RAM. The battery capacity is 4000 mAh and it is a non-removable Li-Po battery.

Now let’s go through the full specs of the phone.

Full specs of Infinix Hot 7

Infinix Hot 7
Released Monday, February 11, 2019
Processor MediaTek MT6580P
Memory 2 GB RAM
Dimension 157 x 75.7 x 8 mm
Internal storage 32 GB; expandable via microSD, up to 128 GB
Display screen Size 6.2 inches
Resolution 1550 x 720 pixels
Type IPS
Camera Rear 13 MP AF dual camera with dual flash light
Front 8 MP FF, with flash light
Battery Capacity 4000 mAh non-removable Li-Po battery
Talk time 2G: 16hrs; 3G: 8hrs
Standby time 24 days
Platform OS Android 8.1 (Oreo), with XOS Honeybee
CPU Frequency 1.3 GHz
Connectivity EDGE Yes
3G Yes
4G No
WIFI Yes (802.11 b/g/n)
Bluetooth Yes (4.1)
Security Fingerprint; Face ID
Sensors Fingerprint scanner; Face recognition; Gyroscope; Proximity; e-Compass; Light; G-sensor
Miscellaneous FM Radio, Voice recording, eBook reader, headphone jack (3.5mm),
Availability Available in major phone shops;

Price of Infinix Hot 7

The starting price of the Infinix HOT 7  1GB RAM +16GB storage is GHc479 whiles the  2GB+ 32GB is GHc529 at the time of this writing but the price for the phone will surely differ from shop to shop.

Photos of the Infinix Hot 7 (2019):

Infinix Hot 7: Unboxing and Quick Look



Infinix Hot 7 2019 – FULL REVIEW