Day: April 10, 2019

Ethereum (ETH) Price Signaling Bullish Continuation Above $180

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ETH price corrected lower and found support near the $174 level against the US Dollar. The price found a strong buying interest and it is currently moving higher towards $185. Yesterday’s highlighted important bullish trend line is active with support at $175 on the hourly chart of ETH/USD (data feed via Kraken). The pair is showing positive signs above the $175 level and it could continue to move higher. Ethereum price is holding key support levels versus the US Dollar and bitcoin. ETH is slowly climbing higher and it is…

Analyst Predicts Bitcoin Could Top $75,000 in Next Peak, Maybe Higher

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Now that most industry observers and technical analysts are in agreement that the bottom is in and trend could be reversing, they are starting to look towards the next high points. There are many ways of attempting to predict market cycles but looking back at previous ones is a good place to start. Previous Appreciation Waves May Be The Answer Whether a final capitulation is forthcoming or not the likelihood of Bitcoin ending this year a lot higher than it started it is very strong. One analyst has taken the…

Bitcoin (BTC) To Stagnate In $5,000 Range If History Repeats Itself. And That Isn’t Bad

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Bitcoin Soon To Take A Chill Pill It isn’t a secret that Bitcoin (BTC) has seen a stellar past week and a bit (or two months for that matter). The popular cryptocurrency has rallied by 25% in the past week, moving from $4,100 to $5,200, all while fundamental developments and mainstream adoption has continued to bless the broader industry. But, an analyst is calling for the crypto asset to slow in the near future, specifically in terms of price action. CryptoHamster, as the analyst is known, cites Bitcoin’s price action…

Chance That Bitcoin (BTC) at $3,100 Was The Crypto Bottom Is “Shaping Up”

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The Bottom Might Just Be In, Trader Suggests As much as bears like to harangue that Bitcoin (BTC) has yet to bottom yet, more and more analysts are convinced that there is a high likelihood that the collapse to $3,100 might have been it for this cycle. Jonny Moe, a well-followed trader and technical analyst in the crypto industry, recently touched on why this is the case, explaining this theory in a three-part Twitter thread that broke down this topic to the nitty-gritty. Jonny, who sports a following of over…

Securitize Launches Token Compliance Program

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Securitize, a compliance platform and protocol for token issuers backed by United States crypto exchange Coinbase, is launching its Securitize Ready Program, according to a press release shared with Cointelegraph on April 9. Per the announcement, the program includes such industry majors as Coinbase Custody, OpenFinance, Rialto Trading, CBlock Capital and others. Users of the Securitize Ready Program will be able to use the various services offered by the partner firms to issue security tokens on the Securitize platform. The platform will purportedly make it easier for organizations to design…

US Legislators Reintroduce Token Taxonomy Act to Exclude Crypto From Securities Laws

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Representatives in the United States House of Representatives have reintroduced the Token Taxonomy Act, according to a press release shared with Cointelegraph on April 9. The bill would exclude cryptocurrency from being classified as a security. The bill was initially proposed last December by Reps. Warren Davidson (R) and Darren Soto (D), and seeks to exclude digital currencies from being defined as securities by amending the Securities Act of 1933 and the Securities Act of 1934. The press release notes that the recent iteration of the bill will differ from…