Please share if you find this article interesting. Bitcoin (BTC) Technical Analysis: It’s an IPO for Bitmain and a blow for Bitcoin Finally, there is a pump of demand as far as Bitcoin (BTC) price action goes. Bitcoin is trading above $6,500 and odds are we might see further gains this week after week ending July 8 bullish confirmation and push above $6,000. In any case, A simple Fibonacci retracement tool between Bitcoin’s all time high low shows that prices are down roughly 65 percent from their 2017 peaks. Coincidentally, that’s where we are seeing pockets of bull pressure. As we can see after the close of last week, the double bar bull reversal pattern from around the 61.8 percent Fibonacci retracement line is true.This way, we saw prices pushing above $6,800 triggering our b
Please share if you find this article interesting. Litecoin, EOS, Stellar Lumens, Tron, IOTA Technical Analysis: EOS Plateaus to Tame “Expensive” RAM Prices? Weekend’s price action was a short in the arm for Bitcoin, IOTA and a host of other coins under our focus. EOS is also stable despite claims of block producer crash by EOS New York. On the other hand, Tron implements their incentivization plan which is overly good for network development.EOS Technical AnalysisEOS Daily Chart by Trading ViewFrom accusations of two percent of coin holders owning more than 90 percent of all EOS coins in circulation, RAM speculation, EOS centralization calls due to their emphasis on scalability and speed and now claims that some Block Producers actually crashed when their network RAM capacity ex
Please share if you find this article interesting. Bitcoin Price Weekly Analysis: BTC/USD Could Break $7,000 Key PointsBitcoin price formed a strong support base near $6,450 and jumped higher against the US Dollar.There is a major ascending channel in place with support at $6,600 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).The pair remains supported and it is likely to move further higher above the $7,000 level in the near term.Bitcoin price is gaining momentum above $6,600 against the US Dollar. BTC/USD could accelerate gains above $7,000 to target the $7,250 level.Bitcoin Price TrendThis past week, there was a downside correction below the $6,700 support in bitcoin price against the US Dollar. The BTC/USD pair traded below the $6,500 support level, but decl...
Please share if you find this article interesting. Ethereum Price Weekly Analysis: ETH/USD Eyeing Further Upsides Key HighlightsETH price traded higher recently and broke the $470 resistance zone against the US Dollar.There is a key connecting bullish trend line formed with support at $465 on the 4-hours chart of ETH/USD (data feed via Kraken).The pair is likely to move above the $490 and $500 resistance level to gain upside momentum.Ethereum price is placed in a bullish zone versus the US Dollar and Bitcoin. ETH/USD remains supported on the downside near the $470 and $462 levels.Ethereum Price SupportThis past week, there were a couple of swing moves towards $455 level in ETH price against the US Dollar. The ETH/USD pair tested the $450-455 zone where buyers were successful in d...
Please share if you find this article interesting. Bitcoin Cash Price Weekly Analysis: Can BCH/USD Recover Further? Key PointsBitcoin cash price found support around the $700 handle and recovered against the US Dollar.There is a major bullish trend line formed with support at $730 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).The pair may dip a few points, but it remains supported near the $730 and $710 levels.Bitcoin cash price is placed nicely above the $700 pivot level against the US Dollar. BCH/USD could accelerate gains above the $780 level in the near term.Bitcoin Cash Price SupportThis past week, there was a correction initiated from the $830 swing high in bitcoin cash price against the US Dollar. The BCH/USD pair declined and traded below the $800 and $...
Please share if you find this article interesting. One Fifth of Bitcoin is Permanently Lost, Real Supply of BTC is Very Low Stories of lost Bitcoins, abandoned in old laptops, being dug out when cryptocurrency began to surge only to prove inaccessible have become part of crypto folklore. People obsessing over PIN numbers and passwords standing in the way of a new car, a luxury holiday or their kids university funds are common.One-Fifth of Bitcoin is LostAccording to an article in the The Wall Street Journal 20% of all the Bitcoin in circulation is actually lost, existing in limbo, either forgotten about or inaccessible to its owner. Bitcoin is stored in a digital wallet which can only be accessed with the owner’s personal identification number. Unlike the PIN from a bank issued A
Please share if you find this article interesting. Prominent Investor: Cryptocurrency Gives People an Easy Opt Out From US Dollar Balaji S. Srinivasan, CTO of Coinbase and co-founder of Counsyl, Earn, Teleport, and CoinCenter tweeted out his response to the Bank for International Settlements’ critical warnings about cryptocurrency including that digital commerce will ‘bring the internet to a halt,’Srinivasan responded to the group’s warnings by tweeting “Well, if central banks hadn’t created all those dollars, Satoshi wouldn’t have created all those bitcoins.” adding that if fiat systems were optimal crypto startups would have no chance and that Bitcoin created an easy way to opt out of that system.Choice is everything. If the monetary policy of central bankers was truly techni
Please share if you find this article interesting. Ripple (XRP) Technical Analysis: Western Union “Reconsidering” XRP Viability In general, there is a broad-based recovery in cryptocurrencies and that includes Ripple (XRP) coming at a time the company is dealing with three concurrent law suits. On the charts, prices are down three percent in the past day but still up 10 percent for the week. What we need for our It’s not a doubt: XRP is trading at a precipice. A simple bear nudge would probably see XRP prices tumbling to record levels. Of course, that may or may not happen because it’s subject to how this week closes.As it stands, there are hints of bull pressure because prices are rejecting lower lows at key support-previous resistance levels at 45 cents. That’s not all, XRP buy
Please share if you find this article interesting. EOS, IOTA, Litecoin, Stellar Lumens, Tron Technical Analysis: Chinese Billionaire Says Justin Sun of Tron A Scammer Most coins under our focus have been on a slide for the better part of the year. It seems like it may continue at IOTA especially if sellers continue to push prices below $1 and 90 cents in the days to come. The success of any blockchain depends on protocol developments and that’s perhaps the reason why EOS occupies top spot according to CCID’s data. The CCID works under the Chinese Ministry of ICT and it’s their objectives to rate and rank top performing blockchains. Their selection criteria are based on creativity, application and technology.As marketed, EOS performs as expected according to the model used and the
Please share if you find this article interesting. Bitcoin Price Watch: BTC/USD Could Break $6,400 Key PointsBitcoin price struggled to move above the $6,600 resistance area and declined against the US Dollar.Yesterday’s highlighted crucial bullish trend line was breached with support at $6,580 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair is currently heading towards an important support area near $6,420-00.Bitcoin price is facing an increased selling pressure below $6,600 against the US Dollar. BTC/USD may decline further if it fails to move above the $6,560 resistance.Bitcoin Price AnalysisRecently, bitcoin price tested the $6,600 and $6,650 resistance levels against the US Dollar. The BTC/USD pair failed to gain momentum above $6,600, which resulted