Day: April 2, 2019

Bitcoin’s Perfect Storm: Is BTC Ready to Rumble?

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Crypto market momentum is still pushing ever higher asBitcoin touches its long term resistance point of $4,200. It appears that aperfect storm is brewing for BTC which could send it on a rally up to $5,000 orbeyond. The next few days will be critical for crypto markets which will allfollow in its wake, whatever direction Bitcoin takes. Four Months ago Bitcoin plunged through $6,000 which manyhad predicted would be its floor in this bear market. It hit a 2018 low of justbelow $3,200 in mid-December but has been battling back…

Bitcoin’s Perfect Storm: Is BTC Ready to Rumble?

boss

Crypto market momentum is still pushing ever higher as Bitcoin touches its long term resistance point of $4,200. It appears that a perfect storm is brewing for BTC which could send it on a rally up to $5,000 or beyond. The next few days will be critical for crypto markets which will all follow in its wake, whatever direction Bitcoin takes. Four Months ago Bitcoin plunged through $6,000 which many had predicted would be its floor in this bear market. It hit a 2018 low of just below $3,200 in…

Ethereum Price Analysis: ETH Hesitates But Fresh Increase Seem Likely

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ETH price dipped once again and tested the key $139 support area against the US Dollar. The price is moving higher, but it must break the $142 and $143 resistance levels for more gains. There is a major bearish trend line in place with resistance at $142 on the hourly chart of ETH/USD (data feed via Kraken). The pair might trade in a range for some time, but sooner or later it is likely to revisit $145. Ethereum price is currently consolidating in a range against the US Dollar and…

Bitcoin (BTC) Encounters Resistance As Crypto Attempts To Break Higher

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Bitcoin Holds Key Support But Remains Under Resistance On Monday, Bitcoin (BTC) continued to move higher. As of the time of writing, the cryptocurrency is currently sitting at a valuation of $4,164, up 1.25% in the past 24 hours. Per Josh Rager, an advisor to Blackwave and TokenBacon, this only cements the fact that Bitcoin is holding above its 200-week moving average (200 WMA), which has been an essential level of resistance for the asset since 2015. In fact, a number of analysts have looked to this line of support…

Report: China Leading World in Blockchain Projects

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China is reportedly leading the world in the number of blockchain projects currently underway in the country, Chinese English-language news daily China.org.cn reports on April 2. Citing a report by Blockdata, China.org.cn states that there are 263 blockchain-related projects in China, accounting for 25 percent of the global total. Li Qilei, the CTO at blockchain platform developer Qulian Technology, purportedly said that the financial sector is the biggest user of blockchain technology, particularly in asset securitization for banks and brokers. Chris Church, chief business development officer for New York-based firm…