Bitcoin Price Analysis: BTC/USD Trends of January 14–20, 2019

Photo: QuoteInspector Key Highlights: Bitcoin price broke out of the ranging movement; the Bulls lost the momentum on the 4-Hour chart; there is a probability for further declination of BTC price. BTC/USD Long-term Trend: Bearish Resistance levels: $3,679, $4,249, $4,715Support levels: $3,247, $2,765, $1,956 BTC/USD broke out the ranging phase on the long-term outlook. The cryptocurrency eventually broke out of the range-bound movement between the resistance level of $4,249 and the last week support level of $3,677 which the Bitcoin price has been involved for over two weeks. The bearish…

Bitcoin Price Watch: BTC’s Recovery Facing Significant Hurdles

Bitcoin price declined below the $3,550 support and tested the $3,380 level against the US Dollar. There was a break below a major bullish trend line with support at $3,590 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently recovering, but it could face strong resistances near $3,550. $3,580 and $3,640. Bitcoin price extended losses below the $3,600 support against the US Dollar. BTC may recover in the short term, but upsides are likely to be capped by $3,600-3,650. Bitcoin Price Analysis In…

Exchange Says 51% Attacker Returned $100K-Worth of Ethereum Classic

Cryptocurrency exchange Gate.io said Saturday that $100,000 in ethereum classic has been returned following a recent hack. In an announcement, the exchange further said it tried to contact the 51-percent attacker, but has not received any reply so far, adding: “We still don’t know the reason. If the attacker didn’t run it for profit, he might be a white hacker who wanted to remind people of the risks in blockchain consensus and hashing power security.” The exchange warned that the hashing power of ETC network is “still not strong enough”…

Crypto Market Update: Bitcoin Cash, Tron (TRX), ADA, IOTA Price Analysis

The total crypto market cap declined heavily and broke the $115.00B support level. Bitcoin cash extended losses and traded below the $130 support level. Tron (TRX) started a downside move and traded below the $0.0250 support level. Cardano (ADA) is moving lower and it may soon test the $0.0400 support zone. IOTA (MIOTA) is down more than 7% and it recently broke the $0.3000 support. The crypto market is under a lot of selling pressure, dragging bitcoin (BTC) and Ethereum below key supports. Moreover, ripple, Litecoin (LTC), Tron (TRX), IOTA…

Ripple Price Analysis: XRP At Risk of Additional Losses Below $0.3000

Ripple price extended losses and broke the $0.3300 and $0.3200 support levels against the US dollar. There is a key connecting bearish trend line with resistance at $0.3275 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may correct a few points, but it remains at a risk of more losses below $0.3100 and $0.3000. Ripple price declined heavily and broke major supports against the US Dollar and Bitcoin. XRP/USD may even break the $0.3000 support this week if it stays below the $0.3400 level.…

Ethereum Price Analysis: ETH Remains In Downtrend, Could Test $100

Key Highlights ETH price declined further and broke the $121 support area against the US Dollar. There are two bearish trend lines formed with resistance near $121 on the hourly chart of ETH/USD (data feed via Kraken). The pair may correct higher in the short term, but it remains a sell near the $120 and $121 levels. Ethereum price extended losses and declined below key supports against the US Dollar and bitcoin. ETH/USD may continue to move down and it could even test the $100 handle. Ethereum Price Analysis In…

CoinShares CSO: SEC Unlikely To Approve Bitcoin ETF, Crypto Concerns Remain

Although the regulatory status of Bitcoin exchange-traded funds (ETF) remains up in the air, talk on this subject matter has picked up heading into 2019. On one hand, there are an array of optimists claiming that 2019 will be the year of cryptocurrency-backed ETFs. On the other hand, there are cynics who believe it is too earlier for the crypto market to handle such an investment vehicle. Interestingly, a number of guests onto technology entrepreneur Ran NeuNer’s recent installment of CNBC Africa’s “Crypto Trader” claimed that they don’t expect for…

Crypto Investor: Bitcoin (BTC) May Bottom Soon, But Bull Run Unlikely

After a holiday hiatus, Ran NeuNer, the founder of OnChain Capital and the host of CNBC Africa’s “Crypto Trader” segment, brought on a number of leading crypto investors, who all did their best to forecast where Bitcoin (BTC) and this industry would be heading next. Pomp Expects Sideways Price Action For Bitcoin  When asked about if the worst of 2018/2019’s bear season is over, Anthony “Pomp” Pompliano, the founder of Morgan Creek Digital Assets and a former Snapchat and Facebook growth staffer, noted that Bitcoin likely doesn’t have much further…