Key Points Bitcoin price recovered recently and tested the $6,375 resistance area against the US Dollar. There is a significant bearish trend line in place with resistance at $6,400 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair must break the $6,365, $6,375 and $6,400 resistance levels to trade higher in the near term. Bitcoin price is still above the $6,250 support against the US Dollar. However, BTC/USD is facing a crucial resistance near the $6,375-6,400 area. Bitcoin Price Analysis This past week, there was…
Day: November 4, 2018
Ethereum Price Weekly Analysis: ETH/USD Sellers Defend Key Resistance
Key Highlights ETH price recovered a few points, but it faced a strong resistance near $202 against the US Dollar. There is an important bearish trend line in place with resistance at $200 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair must break the $200 and $202 resistance levels to move into a positive zone. Ethereum price is facing tough challenges versus the US Dollar and Bitcoin. ETH/USD may perhaps decline once again if it fails to move above $200-202. Ethereum Price Analysis This past week,…
Bitcoin Cash Price Weekly Analysis: BCH/USD Could Extend Gains Above $500
Key Points Bitcoin cash price rallied recently and broke the $450 and $460 resistances against the US Dollar. There was a break above a major bearish trend line with resistance at $430 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair may correct lower in the short term before buyers push the price above the $500 handle. Bitcoin cash price is back in a positive zone above $460 against the US Dollar. BCH/USD is likely to extend gains above the $500 level in the near…
“Currently, Bitcoin is gaining strength,” Report by OneAlpha says
A report published in October by OneAlpha revealed that Bitcoin’s market was gaining strength after the 2018 correction. The stability of the last weeks is a sign of maturity of the markets that seem to have passed the hype stages -both bullish and bearish- of the previous months. OneAlpha is an Israeli firm part of First Digital Assets Group; a fintech that defines itself as “the leading digital assets group in Europe.” OneAlpha Report: Bearish Trend Is A Good Thing For The Market According to the report, the current bearish…
Turkish Police Detain 11 Suspects in Bitcoin Theft Case
The cybercrime unit of the Turkish police has detained 11 people suspected of hacking into emails, user accounts and cryptocurrency wallets. The operation was launched after law enforcement received a number of complaints from victims who lost digital cash. Also read: Church Mining Cryptocurrency to Pay Higher Electricity Rates Hackers Steal $80,000 Worth of Cryptocurrency According to Turkish media, 14 people have informed authorities about their compromised cryptocurrency wallets. The coins have been transferred to other wallets and subsequently sold for fiat. Investigators discovered the hackers had stolen “bitcoins…