Day: December 31, 2018

Bitcoin Price Headed Back to $2,000 After Failed Recovery Attempt

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Bitcoin Price Headed Back to $2,000 After Failed Recovery Attempt December 31, 2018 by Ramiro Burgos Hope does not seem to be in the bitcoin price charts this week. After failing to complete a reversal formation to the upside, technical indicators now show the price heading to $2,000 USD. Also read: Five New Year’s Resolutions to Improve Your Crypto Life in 2019 Join the Bitsonline Telegram channel to get the latest Bitcoin, cryptocurrency, and tech news updates: https://t.me/bitsonline Bitcoin Price Technical Analysis Long-Term Analysis The bitcoin price market remains immersed in a fragile psychological…

Kraken Wades into XRP Cryptocurency Naming Debate

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As Kraken adds XRP margin trading, it appears to have been drawn into a Ripple versus XRP naming debate that first emerged earlier this year. How the debate began with Kraken is unclear, but Kraken tweeted in an obvious response to a reference to its adding “Ripple XRP” to the platform and a recent blog post announcing the additions of XRP and Bitcoin Cash (BCH) to its margin trading offering. There does seem to be some ambiguous, and maybe tongue in cheek requests to buy “Ripple” shares rather than XRP…

Economic Rationality and the Bitcoin Network

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The Bitcoin network has now been functioning for a decade. In that time, human beings have actively interacted with the system, participating as miners, running nodes, and making transactions. In addition to securing the network and increasing decentralization by contributing computing power, human beings have also played a significant role in the increase in the value of the cryptocurrency. In this article, we will examine the motivations behind the actions of individuals who participate in the pioneer cryptocurrency network and the economic rationality behind their actions, which has helped to…

Crypto Year in Review: How Bitcoin (BTC) Performed in 2018 and What Hides in 2019?

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Released in 2009 as open-source software by a person or group of people using the name Satoshi Nakamoto, Bitcoin had the idea to create a peer-to-peer electronic currency that didn’t rely on any central authority or intermediary for validating the exchange of money. Its price is famously volatile, often swinging thousands of dollars in either direction in a single day. That, however, didn’t prepare investors for what happened after the peak. Bitcoin’s price retreated for the rest of 2017 and ended the year at $12,993. Then came 2018. The currency…

Bitcoin Price Watch: BTC Primed To Gain Bullish Momentum

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Key Points Bitcoin price recently tested the $3,950-4,000 resistance area against the US Dollar. There is a key breakout pattern in place with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to break the $3,800 and $3,900 resistance levels to trade further higher. Bitcoin price is likely preparing for an upside break above $3,800 against the US Dollar. BTC may climb sharply higher once there is a clear break above $3,800 and $3,900. Bitcoin Price Analysis After testing the…

Ripple Price Analysis: XRP Could Correct Lower Before Clearing $0.40

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Key Highlights Ripple price failed to move above $0.3800-$0.3850 and later corrected lower against the US dollar. There is a major bearish trend line formed with resistance at $0.3700 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could decline towards the $0.3500 or $0.3460 support before moving back above $0.3800. Ripple price is struggling to gain bullish momentum against the US Dollar and Bitcoin. XRP/USD remains well supported on the downside near $0.3460. Ripple Price Analysis After forming a solid support near $0.3280, ripple…

Ethereum Price Analysis: ETH Bracing For Next Move Higher

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Key Highlights ETH price traded towards the $147 level and later corrected lower against the US Dollar. There is a short term bearish trend line formed with resistance at $138 on the hourly chart of ETH/USD (data feed via Kraken). The pair likely to break the $138 and $140 resistance levels to start a fresh upward move. Ethereum price is gaining traction against the US Dollar and bitcoin. ETH/USD must stay above the $131 support initiate a fresh rally above $140. Ethereum Price Analysis Recently, we saw a nice upside…