Day: October 7, 2018

Bitcoin Price Weekly Analysis: BTC/USD Buyers Losing Momentum Above $6,600

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Key Points Bitcoin price formed a decent support near the $6,400 level against the US Dollar. There was a break above a major bearish trend line with resistance at $6,540 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is struggling to gain momentum above the $6,600 and $6,650 resistance levels. Bitcoin price is trading with a positive bias above $6,400 against the US Dollar. BTC/USD must break the $6,650 resistance to gain upside momentum. Bitcoin Price Analysis This past week, bitcoin price found a…

Bitcoin Price: Wall Street Optimistic, Enthusiasts Pessimistic According to Fundstrat

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44 percent of those surveyed on crypto Twitter believe the price of bitcoin core (BTC) has a ways to go before finding bottom, while over half of Wall Street and institutional investors seem to believe BTC’s bottom has been reached. The poll was conducted by Fundstrat, comparing the views comprised of 25 Wall Street related institutions against those of 9,500 respondents on Twitter. Also read: Hong Kong-Based Crypto Exchange Coinex Pays Interest in BCH Fundstrat: Wall Street is Optimistic While the Ecosystem Remains Sour on BTC’s Price Over the period…

Ethereum Price Weekly Analysis: ETH/USD Remains in Broad Range

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Key Highlights ETH price is currently trading in a broad range above the $210 support against the US Dollar. There is an ascending channel formed with support at $222 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair may decline in the short term towards the $214 and $210 support levels. Ethereum price is consolidating versus the US Dollar and Bitcoin. ETH/USD is at a risk of a minor downside correction towards the $214 support level. Ethereum Price Analysis This past week, there were mostly range moves…

American Rapper Soulja Boy Drops Track Dedicated to Cryptocurrency and Bitcoin

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American rapper Soulja Boy’s new album Young Drako released October 4, 2018, contains a track dedicated to the largest cryptocurrency on the market, bitcoin. The track ‘Bitcoin’ is listed fourth on the album and makes direct claims to the amount of money the artist has purportedly earned off the digital currency. From the lyrics itself, it is evident that Soulja Boy has decided to not delve into any detail surrounding the cryptocurrency industry. Given the complexity of the technology though, it is easy to see why Soulja Boy steered away…