Tag Archives: Analysis

Bitcoin Price Watch: BTC/USD Facing Crucial Resistances

Key Points Bitcoin price started an upside move after trading as low as $6,202 against the US Dollar. There was a break above a key bearish trend line with resistance at $6,340 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move higher, but it is facing many hurdles near… Read More »

Ethereum Price Analysis: ETH/USD Consolidating Above $200

Key Highlights ETH price recovered nicely and moved above the $210 level against the US Dollar. There is a key bearish trend line in place with resistance at $216 on the hourly chart of ETH/USD (data feed via Kraken). The pair must break the $216 and $220 resistance levels to move further higher in the near term. Ethereum… Read More »

Nasdaq Makes Offer to Acquire Crypto-Friendly Fintech Startup

Major Wall Street mainstay Nasdaq is reportedly following the lead of its peers in seeking ways to slowly enter the cryptocurrency space, and has made an offer to acquire a crypto-friendly fintech startup based in Stockholm, Sweden. Nasdaq Moves to Acquire Cinnober in $190 Million Deal One of the world’s largest stock exchanges, Nasdaq, has announced that its… Read More »

Litecoin Price Analysis: LTC/USD Facing Key Resistance Near $58

Litecoin price recovered nicely from the $50.00 support against the US Dollar. LTC/USD is moving higher but it could face sellers near $56.50 and $58.00. Key Talking Points ·         Litecoin price jumped back above the $52.00 level after testing $50.00 (Data feed of Kraken) against the US Dollar. ·         There is a key bearish trend line in place… Read More »

Market Bounces — “Crypto Will End The Year On A Bright Note”

Bitcoin Moves Back Above $6,300, Ethereum at $210 — Sea Of Green After a short period of weakness on Monday, which saw the leading cryptocurrencies capitulate by upwards of 10% in some cases (Bitcoin -3%, Ethereum -10%, etc.), optimistic speculators had a chance to breath a sigh of relief on Tuesday, as the market underwent a healthy bounce… Read More »

Bitcoin Price Watch: BTC/USD Buyers Losing Control Below $6,400

Key Points Bitcoin price declined recently and broke the $6,450 and $6,400 support levels against the US Dollar. There was a break below a major bullish trend line with support at $6,440 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair may perhaps continue to move down towards the $6,120 support area in… Read More »

Ethereum Price Analysis: ETH/USD Could Decline to $180

Key Highlights ETH price is under a lot of pressure after it broke the $210 support against the US Dollar. There was a break below a major contracting triangle with support at $210 on the hourly chart of ETH/USD (data feed via Kraken). The pair is under a lot of pressure and it could continue to decline towards… Read More »

Crypto Market Remains A Mixed Bag — “The Selloff Is Overdone”

A Mixed Bag Crypto Market On Wednesday/Thursday, as reported by Ethereum World News, the crypto market saw a strong rebound off its weekly lows, with many digital assets posting a gain of 5% at the very least. For instance, Bitcoin (BTC), long considered the ‘king’ of cryptocurrencies, saw a move from ~$6,200 to $6,550 in the matter of… Read More »

Is Bitcoin Still Profitable? Here Are the Numbers

There are two types of Bitcoin investors out there. The optimistic ones who hold because they know that Bitcoin is not going to fail them in the end, and those against it. There’s no need for uncertainty anymore: the numbers are in. Bitcoin 00 Annual Returns, 2011-2018: Bitcoin Annual Returns, 2011-2018… pic.twitter.com/eJcXU9MzSm — Charlie Bilello (@charliebilello) September 10,… Read More »

Bitcoin Price Watch: BTC/USD Could Correct Lower To $6,400

Key Points Bitcoin price traded further higher above the $6,450 and $6,510 resistances against the US Dollar. There is a short term ascending channel in place with support at $6,505 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely forming a double top pattern near the $6,600 resistance. Bitcoin price gained… Read More »