Day: March 24, 2019

Russia Parliament Approves Swift-Alternative but Moves Crypto Bill to April

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Two very contrasting events took place in Russia lower house parliament last week. In the first, the State Duma approved the international use of a Swift-like financial network to eliminate the risks of western sanctions. In the other, it postponed the second reading of the crypto bill draft law to April. Ducking Swift Ban Anatoly Aksakov, the head of the Russian Banking Association and a finance committee with the Duma, said that the parliament had given the green light to table the bill for two more readings. After the bill passes the…

Once Breakout Is Confirmed, Bitcoin (BTC) Could Rally To $5,500

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Bitcoin Could Surge By 35% Hopium has seemingly started to return to the crypto market en-masse. Sure, Bitcoin (BTC) and other digital assets are trading sideways, but the sentiiment displayed by cryptocurrency investors is buoyant. GalaxyBTC, a leading analyst and self-proclaimed “accumulation machine,” recently revealed why there’s a likelihood that BTC could easily break to $5,500 in the near future. He drew attention to a study from Thomas Bulkowski, a leading stock market trader. Galaxy states that more than 60% of ascending triangle patterns that are experiencing declining volume break…

Bitcoin (BTC) Price Still In Strong Uptrend, Buying Dips Favored

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Bitcoin price traded to a new monthly high at $4,064 and later corrected lower against the US Dollar. The price declined sharply below $3,950, but dips remained supported above $3,900. There is a crucial bullish trend line formed with support at $3,920 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair remains well supported on dips near the $3,920 level and the 100 simple moving average (4-hours). Bitcoin price is still in a strong uptrend despite recent bearish moves against the US Dollar. BTC/USD is…

Ethereum Price Weekly Analysis: Buy ETH With Break Above $138

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ETH price declined recently, but it found a strong support above $132 against the US Dollar. The price recovered and it is now facing a solid resistance near the $137-138 zone. There is a major breakout pattern formed with resistance at $138 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to accelerate higher once there is a proper break above $138 and $140. Ethereum price is aligning for the next move versus the US Dollar and Bitcoin. ETH/USD will most likely climb higher as…