Day: July 2, 2018

BTCC Relaunches Exchange Business With Its Own Token Plan

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BTCC, one of the longest-running and once part of the major three trading platforms in China, announced it’s relaunching its exchange business with a plan to issue its own tokens. The company said on Monday its new crypto exchange is now up and running with new trading pairs including bitcoin, bitcoin cash, ethereum and litecoin against the US dollar, as well as crypto-to-crypto trading options. As part of the plan to revive its business, BTCC said it is introducing a point system by which users can be rewarded with points…

Ethereum Price Analysis: ETH/USD Could Break Higher

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Key Highlights ETH price is positioned nicely above the $438.00 and $435.00 support levels against the US Dollar. There is a key contracting triangle formed with resistance near $455 on the hourly chart of ETH/USD (data feed via Kraken). The pair may perhaps break the triangle resistance to trade further higher towards $480. Ethereum price is back in a positive zone against the US Dollar and Bitcoin. ETH/USD has to clear the $455 resistance to stage more gains in the near term. Ethereum Price Resistance Recently, there was a solid…

Bitcoin Cash Price Analysis: BCH/USD Bullish Above $700

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Key Points Bitcoin cash price is positioned nicely above the $700 support with positive signs against the US Dollar. There is a new declining channel formed with resistance near $740 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair must clear the $740 and $750 resistance levels to move further higher in the bullish zone. Bitcoin cash price is holding the $700 support against the US Dollar. BCH/USD must gain momentum above $750 to revisit the $800 resistance zone in the near term. Bitcoin Cash…

Bitcoin (BTC) Price Watch: Reversal Pattern and Breakout

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Bitcoin Price Key Highlights Bitcoin price staged a rally sharp enough to break past the falling trend line on the 4-hour chart. In addition, a small double bottom has formed on this same time frame to signal that an uptrend is underway. Technical indicators, however, are suggesting that the declines could still resume. Bitcoin price broke past the descending trend line and the neckline of a small double bottom to signal a possible reversal. Technical Indicators Signals The 100 SMA is still below the longer-term 200 SMA to indicate that…

Crypto Markets Hold Yesterday’s Gains, Bitcoin Near $6,300 Resistance Level

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Crypto markets are seeing mixed signals today, June 1, after major growth yesterday, June 30. Leading cryptocurrency Bitcoin (BTC) is holding a psychological price point around $6,300 today, the low point of yesterday’s price surge, which reached $6,450. Most of the top ten coins by market cap are in the red, but showing only slight losses over the past 24 hours, down less than 1 percent. Only three of the top ten are in the green, showing more substantial gains between 3 and 5 percent over the past 24 hours…

Bitcoin (BTC) Technical Analysis

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It’s the dawn of a new month and in what will likely be the beginning of Bitcoin reversing previous losses. For perspective, Bitcoin prices are up three percent in a week over week basis. Because of these developments, Bitcoin bulls can begin looking for triggers on dips to load up in lower time frames. From the News The consensus method behind Bitcoin (BTC) is power intensive and not “Eco-friendly”. Besides, this method has evolved and expensive gadgets are required for “mining”. So, with news that heavy flooding in Chinese province…