Day: April 1, 2019

Coincheck Launches Bitcoin OTC Trading Desk for Large-Scale Institutional Clients

boss

Japanese cryptocurrency exchange Coincheck has launched a Bitcoin (BTC) over-the-counter trading desk for large-scale institutional investors. Cointelegraph Japan reported the news on April 1. The Coincheck OTC trading desk will enable clients to directly trade large volumes of Bitcoin — starting from 50 BTC ($207,000 to press time) — between each other using a web interface hosted by Coincheck. Opening hours will be limited to weekdays 10:00-15:00 (JST) and overtime trading and use of the Coincheck app or API trading are not eligible, the exchange clarified in a blog post…

Bitcoin Price Could Blitz Beyond $150,000 During Next Bull Cycle in 2023

boss

Despite the 82 percent drop in the valuation of the crypto market in the past year and the inability of bitcoin to recover beyond $4,000 in the past three months, one analyst sees the dominant cryptocurrency surpassing $150,000 by 2023. Josh Rager, a cryptocurrency technical analyst and investor, said that based on the price trend of bitcoin since 2011 and the pattern of bitcoin rebounding from a correction following an all-time high, he sees bitcoin achieving a new peak price in 2,051 days, by 2023. The next Bitcoin cycle should…

Bitcoin (BTC) Price Could Make A Sustained Move Higher

boss

Bitcoin price jumped higher recently and traded to a new weekly high above $4,140 against the US Dollar. The price traded as high as $4,142 and it is currently consolidating gains above key supports. There is a new contracting triangle forming with support near $4,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could decline in the short term, but it remains supported near $4,100 and $4,050. Bitcoin price is trading with a strong uptrend above the $4,040 pivot level against the US Dollar.…

Analyst Claims Bitcoin (BTC) At $10,000 Unlikely By Year’s End, BitMEX’s Hayes Begs To Differ

boss

Bitcoin Options Traders Aren’t Too Optimistic Traders of Bitcoin (BTC) options contracts aren’t entirely optimistic, according to recently-compiled statistics. Per MarketWatch, who cited data from Skew’s Emmanuel Goh, while there has been more volume in the cryptocurrency market, investors in options (which allows traders to bet on an asset’s price at a certain point in the future) aren’t calling for BTC to rally sharply in the coming months. Goh explains that his data analytics firm, Skew, sees that the $10,000 September contract is “currently price with a five delta,” meaning…

Crypto Market Is Crucial Uptrend: EOS, Bitcoin Cash, TRX, ADA Price Analysis

boss

The total crypto market cap is gaining traction and it is about to break the $140.0B resistance area. EOS price is placed nicely above the $4.10 and $4.20 support levels, with a positive bias. Bitcoin cash price may soon make an attempt to clear the $170 resistance area. Tron (TRX) price is likely to face a strong selling interest near the $0.0240 resistance. Cardano (ADA) price settled above the $0.0700 level and it may accelerate further above $0.0720. The crypto market gained bullish momentum, with positive moves in bitcoin (BTC)…

Ripple (XRP) Price Analysis: Further Gains Seem Likely

boss

Ripple price corrected lower after trading as high as $0.3168 against the US dollar. The price traded below the $0.3100 level, but the $0.3070 level acted as a decent support. There was a break above a key bearish trend line with resistance at $0.3080 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to accelerate gains once bulls clear the $0.3120 resistance level in the near term. Ripple price remained well bids on the downside against the US Dollar and bitcoin. XRP/USD is…

Ethereum Price Analysis: ETH Bulls Eye Fresh Highs Above $145

boss

ETH price corrected lower recently and tested the $39 support area against the US Dollar. The price found a strong buying interest near $139 and it recently bounced back. There was a break above a declining channel with resistance at $141 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently trading above the $142 level and it may continue to rise towards the $145 resistance. Ethereum price stayed above important supports against the US Dollar and bitcoin. ETH is moving higher once again and it…