Please share if you find this article interesting. Here’s Why Gold Bull Peter Schiff is Blessing in Disguise for Bitcoin The economic atmosphere in the United States has changed drastically over the last six months. Ahead of last year’s close, the stock market tanked, consumer spending experienced a sharp decline, and prominent economists predicted that a recession was around the corner.And now, in May, the US economy is working smoothly and steadily without any sudden changes. Nevertheless, the pessimism and uncertainty about the future are higher than they have been since the last economic crisis. Business confidence underwent a terrible shock earlier this year due to the US government shutdown and further dipped owing to escalating economic tensions between the US and China. T
Please share if you find this article interesting. Bitcoin (BTC) Price Trading Sideways: Bulls Eyeing Fresh Increase Bitcoin price failed to gain momentum above $8,150 and $8,200 against the US Dollar.The price is slowly moving lower in a range and it could test the $7,700 or $7,660 support.This week’s followed key bullish trend line was breached with support near $7,980 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair may continue to trade in a range before a fresh increase above the $8,000 and $8,150 levels.Bitcoin price is struggling to climb further higher within range against the US Dollar. BTC might decline in the short term before a fresh rise above the $8,200 resistance.Bitcoin Price AnalysisIn the past few sessions, there were Looking at the chart
Please share if you find this article interesting. Ripple (XRP) Price Following Uptrend: Can Bulls Take Over? Ripple price found a strong support near the $0.3800 level and recently moved higher against the US dollar.The price is now placed above the $0.3950 and $0.4000 levels and it could continue higher.Yesterday’s highlighted major bullish trend line is intact with support near $0.3950 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair remains well supported and it could continue to rise above the $0.4100 resistance area.Ripple price is trading in a bullish zone against the US Dollar, while consolidating vs Looking at the chart, ripple price is trading nicely above the $0.3950 support area. Only a close below the 100 hourly SMA is likely to open the gat
Please share if you find this article interesting. Ethereum (ETH) Price Grinding Higher: Fresh Rise Above $265 Likely ETH price is slowly moving higher and it is currently holding the $250 support against the US Dollar.The price is likely to gain pace above the $265 and $270 resistance levels in the near term.Yesterday’s highlighted ascending channel is intact with support near $252 on the hourly chart of ETH/USD (data feed via Kraken).The pair remains in a decent uptrend and it seems like there could be more gains above $270.Ethereum price is trading with a positive bias above the $250 support versus the US Dollar, but consolidating vs Looking at the chart, Ethereum price is currently trading with a positive bias above the $250 support area. Therefore, there are high chances of
Please share if you find this article interesting. Hedge Fund Execs Predict Bitcoin Price will Close 2019 at $9,659 The bitcoin price has surged a little above 114 percent in 2019 so far. But, according to a new poll, the cryptocurrency has extra fuel to sustain its upside action further.US comparison website Finder surveyed ten FinTech capitalists, including executives from hedge funds Arca and BitBull Capital, on Friday. The portal found that a majority of them expected that bitcoin would pullback from its recently tested $8,000-level. However, they forecasted a strong rebound in June, which would push the cryptocurrency’s rate to as high as $9,659 by the end of this year.Why So BullishPrices of bitcoin rose impressively in 2019 following an 85 percent depreciation the previous
Please share if you find this article interesting. Why JPMorgan Chase Suddenly Found “Intrinsic Value” in Bitcoin Banking giant JPMorgan Chase & Co. is not much of a bitcoin fan. The $2.63-trillion behemoth found itself on the opposite side of cryptocurrencies ever since its chief executive officer, Jamie Dimon, called bitcoin a fraud. He said in 2017 that the cryptocurrency was “not a real thing,” and will eventually die.Two years later, bitcoin is well and alive, sitting atop a $141.8 billion valuation at press time. It is likely to grow further as a wave of mainstream financial institutions builds an investment-worthy infrastructure around it. Fidelity Investments and TD Ameritrade, for instance, are close to offering Bitcoin trading services to their institutional clients.Nas
Please share if you find this article interesting. Bitcoin (BTC) Price Watch: Breakout or Further Decline? Bitcoin price started a downside correction after tagging the $8,300 resistance against the US Dollar.The price tested the $7,575-7,600 support area and recently rebounded towards $8,100.Yesterday’s highlighted important bullish trend line is intact with support near $7,810 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair is likely to trade in a range before the next move either towards $8,300 or below $7,575.Bitcoin price is holding a couple of important supports near $7,600 against the US Dollar. BTC could either climb above $8,100 and $8,300 or start another decline below the $7,575 low.Bitcoin Price AnalysisAfter a strong rebound, bitcoin price te
Please share if you find this article interesting. Crypto Market Holding Key Support: Bitcoin Cash, Litecoin (LTC), ADA, TRX Analysis The total crypto market cap is currently above the key $225.0B and $230.0B support levels.Bitcoin price seems to be struggling to clear the $8,000 barrier and is trading in a range.Litecoin (LTC) price is currently consolidating above $90.00, with resistances near $92.00 and $95.00.Bitcoin cash price settled above the $400 resistance area after a strong recovery from $350.Tron (TRX) price is slowly grinding higher towards the key $0.0300 resistance area.Cardano (ADA) price is facing a strong resistance near the $0.0850 and $0.0880 levels.The crypto market cap is moving in a range, with a few bearish moves in bitcoin (Looking at the total cryptocurr...
Please share if you find this article interesting. Ripple (XRP) Price Consolidating Above Key Supports: $0.3600 Holds Key Ripple price failed to break the $0.4300 resistance and recently corrected lower against the US dollar.The price declined below the $0.4000 support and tested the $0.3800 support area.There is a key bullish trend line forming with support near $0.3850 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair may continue to trade in a range above the $0.3610 support area before a fresh increase.Ripple price is currently consolidating above key supports against the US Dollar, but declining vs Looking at the chart, ripple price seems to be consolidating above the $0.3600 support and preparing for the next move. In the short term, there could be ...
Please share if you find this article interesting. Ethereum (ETH) Price Following Rising Channel: Targets $270, $280 ETH price is trading nicely above the $245, $240 and $232 support levels against the US Dollar.The price recently tested the $265 level and corrected lower to test the $240 support.There is a new rising channel forming with support near $245 on the hourly chart of ETH/USD (data feed via Kraken).The pair remains well supported on the downside near the $245 level and the 100 hourly simple moving average.Ethereum price is following bullish path above $245 versus the US Dollar, but struggling vs Looking at the chart, Ethereum price seems to be following a slow and steady bullish path above $240. If the bulls fail to defend the $240 support, there could be a fresh drop ...