Sunday, August 19Your Daily Bitcoin & Altcoin News Portal

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Bitcoin Price Watch; $13,000 In Play

Bitcoin Price Watch; $13,000 In Play

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Please share if you find this article interesting. Bitcoin Price Watch; $13,000 In Play We aren’t even midway through the week and already the bitcoin price has broken through the $12,000 mark and, at least for the near term, looks set to hold above that level. Things overnight moved relatively slowly initially but once the just mentioned major threshold was taken out, things really started to pick up and we’re currently trading in around 12,670, meaning 13,000 isn’t an unrealistic target on an intraday basis – especially on the slightly wider time frames. We are looking at things from a little bit of narrower perspective right now, however, so let’s try and get some levels in place that we can use to push forward into the session today. As ever, take a quick look at the chart be
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Bitcoin Gold Price Technical Analysis – BTG/USD Approaching Support

Bitcoin Gold Price Technical Analysis – BTG/USD Approaching Support

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Please share if you find this article interesting. Bitcoin Gold Price Technical Analysis – BTG/USD Approaching Support Key Points Bitcoin gold price failed above $305 and started a downside move against the US Dollar. This is a crucial bearish trend line forming with resistance near $285 on the hourly chart of BTG/USD (data feed from Bitfinex). The price might extend its decline and will most likely test the $250-260 support zone in the near term. Bitcoin gold price is under pressure below $305 against the US Dollar. BTG/USD might decline further towards the next important support at $250. Bitcoin Gold Price Resistance After a decent upside move above the $320 level, bitcoin gold price faced sellers against the US Dollar. The price started a downside move and traded below a coupl
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Legendary Trader Expects Bitcoin Price to Hit $14,000 in 2018, Analysts Argue it Will be Faster

Legendary Trader Expects Bitcoin Price to Hit $14,000 in 2018, Analysts Argue it Will be Faster

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Please share if you find this article interesting. Legendary Trader Expects Bitcoin Price to Hit $14,000 in 2018, Analysts Argue it Will be Faster Peter Brandt, a highly respected and experienced trader, believes the bitcoin price could surge up to $14,000 in 2018. However, the majority of analysts in the cryptocurrency space see the price of bitcoin surging beyond $40,000. Bitcoin Heading Towards $18,000 Over the past month, the price of bitcoin has increased from around $7,000 to $12,500, by nearly two-fold. The market valuation has surpassed the $200 billion mark, and is moving closer to $210 billion. If the price of bitcoin had increased by more than $5,000 within a 30-day period without major events or developments, it would be fair to claim that the short-term surge in valu...
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Ripple Price Technical Analysis – XRP/USD To Decline Further

Ripple Price Technical Analysis – XRP/USD To Decline Further

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Please share if you find this article interesting. Ripple Price Technical Analysis – XRP/USD To Decline Further Key Highlights Ripple price is struggling to remain above the $0.2400 support and moved below $0.2380 against the US Dollar. This is a major bearish trend line forming with resistance at $0.2450 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might decline further and it could even test the $0.2300 support in the near term. Ripple price is under pressure against the US Dollar and Bitcoin. XRP/USD might extend its decline and trade towards $0.2300 or $0.2200. Ripple Price Resistance There was no major upside move in Ripple price above the $0.2500 level against the US Dollar. The price struggled to remain above the $0.2500 level and started a d
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Ethereum Price Technical Analysis – ETH/USD Breaks Key Support

Ethereum Price Technical Analysis – ETH/USD Breaks Key Support

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Please share if you find this article interesting. Ethereum Price Technical Analysis – ETH/USD Breaks Key Support Key Highlights ETH price struggled to remain above the $455-460 support area against the US Dollar. There was a break below yesterday’s highlighted key contracting triangle with support at $458 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is now below $455 and the 100 hourly simple moving average, which is a short-term bearish sign. Ethereum price traded lower against the US Dollar and Bitcoin. ETH/USD is now below the $455-460 support and is under bearish pressure. Ethereum Price Resistance Yesterday, buyers fails to hold gains in ETH price above the $460 support area against the US Dollar. The price started a downside move and broke a few import
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NEM BULLS FOLLOWS IOTA AND MONERO MOVE UP TECHNICAL ANALYSIS 12/6/2017

NEM BULLS FOLLOWS IOTA AND MONERO MOVE UP TECHNICAL ANALYSIS 12/6/2017

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Please share if you find this article interesting. NEM BULLS FOLLOWS IOTA AND MONERO MOVE UP TECHNICAL ANALYSIS 12/6/2017 NEM bulls seem to be on an encouraging path towards $0.36 and while at it, Monero has its mojo back. In the last 24 hours, despite block speed and all technicalities Monero is facing, its price is slowly inching towards $250 first take profit level. Let’s look at the charts: NEM BULLS $0.28 BROKEN NOW ACTING AS SUPPORT XEMUSD 4HR Chart for December 6, 2017 At the moment we see some NEM bulls pressure after that close above November 28 highs of $0.28. We shall be keeping a close eye on the 20 period MA and see how NEO bulls  reacts at it in the coming sessions. Otherwise, with this surge, $0.28 shall act as our new minor support line with any move towards $0.36
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Bitcoin Cash Price Technical Analysis – BCH/USD Reverses Gains

Bitcoin Cash Price Technical Analysis – BCH/USD Reverses Gains

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Please share if you find this article interesting. Bitcoin Cash Price Technical Analysis – BCH/USD Reverses Gains Key Points Bitcoin cash price has started a new downside wave and it currently below $1450 against the US Dollar. There was a break below a key bullish trend line with support at $1480 on the hourly chart of BCH/USD (data feed from Kraken). The price might continue to decline and it could even test the $1380 and $1360 support levels. Bitcoin cash price is currently under pressure below $1500 against the US Dollar. BCH/USD might extend losses towards the $1360 level. Bitcoin Cash Price Resistance There was a failure to hold a major support near $1450 in bitcoin cash price against the US Dollar. The price even moved below the $1440 support and is currently showing a few
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Bitcoin Price Technical Analysis for 12/06/2017 – Approaching Full Extension

Bitcoin Price Technical Analysis for 12/06/2017 – Approaching Full Extension

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Please share if you find this article interesting. Bitcoin Price Technical Analysis for 12/06/2017 – Approaching Full Extension Bitcoin Price Key Highlights Bitcoin price has successfully broken to new highs and is setting its sights on the full extension of the latest move. Price has also surged past the 76.4% extension and a couple of technical indicators show that the climb could go on. The full extension is located at $12,689.54 at which profit-taking could happen. Bitcoin price seems unstoppable in its climb yet again, paving the way for a potential rally to the next major resistance level. Technical Indicators Signals The 100 SMA is safely above the longer-term 200 SMA, so the path of least resistance is to the upside. This means that the uptrend is more likely to persist t
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Bitcoin Price Watch; Here’s Where We’re Looking Right Now

Bitcoin Price Watch; Here’s Where We’re Looking Right Now

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Please share if you find this article interesting. Bitcoin Price Watch; Here’s Where We’re Looking Right Now For a brief period, today, the bitcoin price broke through $12,000 a coin. This is yet another major threshold down and, while we are currently trading in and around $11,200 on the back of a shorter-term correction, the fact that things are moving as they are suggests that we could be in for another strong week from a price perspective. Whether we will see any more major thresholds breached remains to be seen but so long as we don’t see any corrections (that are too substantial), there is a good chance that sentiment will remain bullish and that – in turn – we will be able to ride the upside wave as it happens. With this said, let’s jump into the shorter-term charts and se
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New Ethereum Project Allows Raising Virtual Pets on Blockchain

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Please share if you find this article interesting. New Ethereum Project Allows Raising Virtual Pets on Blockchain A new craze is sweeping the internet, just as Pokémon Go did last year, though this is more like the Tamagotchi’s that came to our pockets in the 1990s. Today it is CryptoKitties, a virtual pet based on blockchain technology. It is the first of its kind; a game that runs on the Ethereum network. Released on November 28 by Vancouver and San Francisco based design company AxiomZen the game allows users to birth, breed and raise virtual cats which can then be bought or sold in the marketplace. Because they are created on the distributed ledger each one is unique and it is these different traits that determine their value. In order to grow and breed these crypto kittens,