Day: October 21, 2018

Bitcoin Price Weekly Analysis: BTC/USD Above $6,500 Could Accelerate Gains

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Key Points Bitcoin price declined recently and tested the $6,350 support level against the US Dollar. There was a break above a connecting bearish trend line with resistance at $6,410 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is facing a solid resistance near the $6,480 and $6,500 levels. Bitcoin price is consolidating above the $6,350 support against the US Dollar. BTC/USD must break the $6,500 resistance zone to move into a bullish zone. Bitcoin Price Analysis There were more than three attempts to…

Ethereum Price Weekly Analysis: ETH/USD Near Make-or-Break Levels

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Key Highlights ETH price declined recently below the $200 level before buyers emerged near $196 against the US Dollar. There is a major bullish trend line with support at $201 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair must clear the $207 hurdle and the 100 simple moving average (4-hours) to gain momentum. Ethereum price is trading near crucial levels versus the US Dollar and Bitcoin. ETH/USD must surpass the $207 and $214 levels to gain upside momentum. Ethereum Price Analysis This past week, there was…

Bitcoin Cash Price Weekly Analysis: BCH/USD Primed for More Upsides

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Key Points Bitcoin cash price declined sharply, but it found support near the $420 level against the US Dollar. There was a break above a major bearish trend line with resistance at $435 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair may well continue to move higher once there is a break above the $450 resistance. Bitcoin cash price is placed well above the $420 support against the US Dollar. BCH/USD could accelerate above the $450 and $460 resistances in the near term. Bitcoin…

Crypto Markets See Little Movement, Bitcoin Continues to Trade Just Below $6,500

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Saturday, Oct. 20: Crypto markets are seeing little momentum, with virtually all of the major cryptocurrencies seeing slight growth and losses between a 1-2 percent range, as Coin360 data shows. Market visualization by Coin360 Tether (USDT) has mostly settled back in to its characteristic trading pattern. Having briefly lost its U.S. dollar peg last week, the asset has since reclaimed its historical trading range close to a 1:1 ratio to the greenback. Today the stalwart stablecoin has seen an almost 1 percent drop to trade at $0.979. Bitcoin (BTC) is…

Brazil’s Largest Bitcoin Exchange Just Fired ‘at Least’ 20 Employees

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Mercado Bitcoin, Brazil’s largest cryptocurrency exchange by trading volume, recently fired “at least” 20 employees amid restructuring efforts being made to “focus on professionalization, better governance and more agility in customer service.” Local news outlet Portal do Bitcoin reportedly spoke to four now ex-employees that served at different hierarchical levels. One noted it “was horrible” and said that there “were people crying” over the occurrence. The ex-employees revealed that senior executives started getting laid off earlier this week, on October 15, with other employees being fired by an executive the…