Wednesday, August 12Your Daily Bitcoin & Altcoin News Portal

PRICE ANALYSIS

Bitcoin Price Technical Analysis for 10/16/2017 – Waiting for a Pullback

Bitcoin Price Technical Analysis for 10/16/2017 – Waiting for a Pullback

PRICE ANALYSIS
Bitcoin Price Key Highlights Bitcoin price recently surged to new record highs, indicating that bullish momentum is strongly in play once more. Price appears to be stalling from its rally so a pullback opportunity might present itself. Technical indicators are mostly signaling that the uptrend could resume, and the Fib tool shows the potential correction levels. Bitcoin price could be due for a pullback after its strong breakout move, with tech indicators confirming that the rally could resume. Technical Indicators Signals The 100 SMA is above the longer-term 200 SMA so the path of least resistance is to the upside. In other words, the rally is more likely to resume than to reverse. The short-term moving average lines up with the broken resistance area at $4800-5000 while the 200 SMA is sl...

Bitcoin Price Continues to Rise, Demonstrating Resilience as Core Developer Explains

PRICE ANALYSIS
Throughout the past week, the Bitcoin price has surged from around $4,500 to $5,920, demonstrating a $1,420 increase in value within a relatively short period of time. Since October 14, the price of Bitcoin has endured a minor correction, declining from $5,920 to $5,500. But, Bitcoin Core developer Eric Lombrozo emphasized the resilience of Bitcoin towards various external factors that could have led the Bitcoin price to decrease significantly in the short-term. #Bitcoin has survived: ✔️Hackers✔️State attack✔️Corrupt bankers✔️Disgruntled devs✔️Hostile miners✔️Rogue CEOs#WeAreTheHoneyBadger — Eric Lombrozo (@eric_lombrozo) October 15, 2017 Hard Fork in November: How it Became a Positive Factor For Bitcoin Price As Lombrozo noted in the statement above, Bitcoin has survived through various
Bitcoin Cash Price Weekly Analysis – Can BCH/USD Gain Momentum?

Bitcoin Cash Price Weekly Analysis – Can BCH/USD Gain Momentum?

PRICE ANALYSIS
Key Points Bitcoin cash price struggled a lot and moved towards $300 against the US Dollar. Recently, there was a break above two bearish trend lines with resistance at $310 on the 4-hours chart of BCH/USD (data feed from Kraken). The pair now has to gain pace for more gains above the $340 level in the near term. Bitcoin cash price struggled a lot recently against the US Dollar formed bottom. BCH/USD has to move above the $340 level to gain strength. Bitcoin Cash Price Uptrend This past week there was a slow and steady decline in BCH price below the $350 level against the US Dollar. The price traded towards the $300 level, which just managed to hold declines. There were ranging moves above the $300 level and the price is now attempting an upside move. During the upside move, there was a br...
Bitcoin Price Weekly Analysis – BTC/USD in Monstrous Trend

Bitcoin Price Weekly Analysis – BTC/USD in Monstrous Trend

PRICE ANALYSIS
Key Points Bitcoin price is in a major uptrend and recently broke the $5600 resistance against the US Dollar. There are two major bullish trend lines forming with support at $5280 and $5000 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair might continue to trade higher and could even break the recent high of $5851. Bitcoin price is surging higher against the US Dollar. BTC/USD is now set to gain momentum for more gains above $5850 and $6000. Bitcoin Price Bullish Trend There were nasty gains in Bitcoin price this past week as it moved above the $5500 and $5600 resistance levels against the US Dollar. A new all-time high was formed at $5851 and it seems like the current uptrend is not over yet. The price might continue to trade higher and could break the $5851 resistance ...
Ethereum Price Weekly Analysis – ETH/USD Remains in Uptrend

Ethereum Price Weekly Analysis – ETH/USD Remains in Uptrend

PRICE ANALYSIS
Key Highlights ETH price gained strength recently and cleared a major resistance at $312 against the US Dollar. There is a monster ascending channel forming with resistance at $346 on the 4-hours chart of ETH/USD (data feed via SimpleFX). The pair might correct a few points from the current levels towards $325-320 in the short term. Ethereum price is gaining pace against the US Dollar and Bitcoin. ETH/USD remains in an uptrend above $320 and likely gain further in the near term. Ethereum Price Resistance There was a finally an upside wave in ETH price above the $320 level against the US Dollar. The price managed to break an important resistance area at $312 and moved higher. The upside move was strong and the price cleared the $325 and $335 level for more gains. A new weekly high was forme...
US CPI AND RETAIL SALES DATA DISAPPOINTS TRIGGERING MONERO AND IOT UPTREND

US CPI AND RETAIL SALES DATA DISAPPOINTS TRIGGERING MONERO AND IOT UPTREND

PRICE ANALYSIS
NEOUSD TECHNICAL ANALYSIS 12.10.2017 and 13.10.2017 lows of $26 will be our minor support level. Actually, a double bar reversal pattern was anchored there when yesterday’s candle closed. For now, any appreciation to gauge bullish presence will only be valid with prices closing above $33 and a stochastics buy signal in place. In the meantime, the 20 period moving average and support turned resistance is our ceiling and it looks likely to be broken in the short term. Refer Figure 1 (above): NEOUSD-Daily Chart-14.10.2017. DASHUSD TECHNICAL ANALYSIS Figure 2: DASHUSD-Daily Chart-14.10.2017 The above average bullish volumes of 13.10.2017 drove prices higher confirming that 09.10.2017 was indeed a fake bear break out. Relative to price action characteristics, stochastics were turning from the o
USD DEMAND SURGE AFTER YESTERDAY BEAR ACTION: ALTCOIN PRICE ANALYSIS AND KEY HIGHLIGHTS FOR 13.10.2017

USD DEMAND SURGE AFTER YESTERDAY BEAR ACTION: ALTCOIN PRICE ANALYSIS AND KEY HIGHLIGHTS FOR 13.10.2017

PRICE ANALYSIS
NEOUSD TECHNICAL ANALYSIS After a spin and horizontal consolidation along our clear resistance trend line and the 20 period MA, sellers took charge and 12.10.2017 candlestick closed as a bear. There is also a long upper wick bouncing off resistance and this means we go short today. Place a stop loss above $32 and aim for that support zone between $14 and $20. Refer Figure 1 (Above): NEOUSD-Daily Chart-13.10.2017 DASHUSD TECHNICAL ANALYSIS Figure 2: DASHUSD-Daily Chart-13.10.2017 Notice the bear volume spike on 12.10.2017 and price failure to close above the support turned resistance trend line at $320. So far, price action is moving higher in lower time frames but as long as it doesn’t close above $320 – a region of strong resistance zone as shown by that confluence of critical lines, bear
Bitcoin Price Watch; Riding High Into The Late Session

Bitcoin Price Watch; Riding High Into The Late Session

PRICE ANALYSIS
In this morning’s analysis, we noted that the bitcoin price had run up considerably over the last 24 hours and that there was a chance we may see some degree of correction near term. We are now heading into the close of the European session (and the close of the week) and, while we haven’t seen anything substantial in terms of corrective activity, we have seen price consolidate somewhat and settle down in and around the 5750 region. There are two ways this could go. We may see a breakout to the upside and momentum carried through towards 6000. Alternatively, price could correct and break to the downside, at which point we would likely see a breakthrough 5700 and maybe a little bit of follow-through as the evening matures. Whichever way things go, we are going to ensure that we are on top o
Bitcoin Price Watch; Here’s What’s On This Morning

Bitcoin Price Watch; Here’s What’s On This Morning

PRICE ANALYSIS
We have reached the final day of the week in our bitcoin price trading efforts and what a final few days it has been. The bitcoin price broke through the $5,000 mark late on Wednesday evening, early Thursday morning depending on where you are and, subsequent to the break, hasn’t really looked back. We are now sitting at a point where price has run more than $1,000 in less than 24 hours and this is where things get a little bit hairy. There is every chance that we may see a near-term correction and, if we do, the extent to which price gives back value to markets is tough to call. As long as we don’t get any severe fundamental shocks (like we did out of China last time) then things should stay relatively subdued. Anyway, whatever happens, we are going to make sure we will be ready. Let’s get
DASH/USD and LTC/USD Technical Analysis October 13 2017

DASH/USD and LTC/USD Technical Analysis October 13 2017

PRICE ANALYSIS
Hello and welcome to News BTC’s Market Outlook October 13.[embedded content] DASH/USD DASH fell slightly during the day on Thursday, as we continue to bounce around the $295 region. I think that the $300 level above will continue to offer resistance, but if we can break above there, the market should continue to go towards the $315 level. Ultimately, crypto currencies in general have done very well, and I think that it’s only a matter of time before we go much higher. LTC/USD Litecoin initially dipped lower, reaching towards the $49 level before finding buying pressure. We broke out towards the $54 level, and I think there is a significant amount of resistance at the $55 level. Ultimately, this is a market that should continue to offer buying opportunities on pullbacks, and it’s likely t