Day: June 7, 2018

Bitcoin ETF’s | The Potential Launch Could Create a BTC Rally

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The launch of Bitcoin ETF’s could drive Bitcoin (BTC) price higher. Although the SEC has previously denied permitting Bitcoin ETF trading, two asset management firms have collectively submitted a new application to introduce regulated Bitcoin ETF’s (Exchange-Traded Funds). SolidX Management LLC and New York-based asset manager Van Eck Associates Corp said their new product would cover all the concerns that the SEC has highlighted in their previous denial. “I believe that Bitcoin has emerged as a legitimate investment option, as a type of ‘digital gold’ that may make sense for…

Ethereum Price Watch | ETH/USD Moves Past $600, Upside Break Ahead

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Key Highlights: Ethereum moved past the pivotal $600 price level on Thursday morning, reaching a high of $617.16 on the Coinbase exchange. The $600 level is also seen as a major support, from which a bullish trend line has formed. ETH/USD is heading for an upside break to test a resistance at $615. ETH/USD Heading For Upside Break On Thursday morning, Ethereum price broke past the pivotal $600 level and stayed above that for the past hours, reaching a high of $617.16 on the Coinbase exchange. The $600 price level…

Bullish Signals Hint at Bitcoin Price Breakout

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Still stuck in a narrowing price range, BTC could soon rise to resistance above $8,000 if the bulls are able to leap the 50-week moving average hurdle. As of writing, the cryptocurrency is trading at $7,770 on Bitfinex, having been stuck in a narrowing price range (pennant) for months now. Defense of $7,000 last week and the 9.3 percent rise since then have neutralized the immediate bearish outlook and got investors talking about a possible rally to pennant resistance at $8,870. While that target may appear far-fetched, it may be put to…