Day: May 29, 2019

High Bitcoin Predictions and Conflicts Resurface Amidst Crypto Spring

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In the wake of the current crypto spring, analysts and commentators have shown optimism for the crypto market and have made comments that generally reveal that bitcoin’s bull run is likely to skyrocket before the close of 2019. One of such commentators, Jehan Chu, in a recent interview with Bloomberg on May 28, 2019, predicted that bitcoin was likely to reach $30,000 per coin at the end of 2019. Bitcoin at $30,000 Before 2020 Co-founder and Managing Partner at Kinetic, Jehan Chu, recently made a bold bitcoin price prediction in a recent interview…

Major Bitcoin Accumulation Was Underway by Big Money During Crypto Winter, Analysts Say

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The number of wallets holding between 1,000 and 10,000 bitcoin (BTC) has seen a sharp increase since the crypto market bottomed this winter, indicating significant accumulation during the price dip. The analysis was published in a new report from weekly crypto outlet Diar on May 28. Diar’s analysis begins by comparing bitcoin’s distribution landscape today with data from August 2018, when the top coin was last trading in a circa $8,000 price range. The analysis focuses on so-called “Firm Size” bitcoin wallet addresses — defined as those holding between 1,000…

Bitcoin (BTC) Price Correcting Gains: 100 SMA Holds Key

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Bitcoin price topped near the $8,950 level and recently corrected lower against the US Dollar. The price declined below the $8,700 and $8,620 support levels to enter a short term bearish zone. There is a major bullish trend line forming with support near $8,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $8,300 support area to start a fresh increase in the near term. Bitcoin price started a downside correction below $8,600 against the US Dollar. BTC is likely to…

Crypto Market In Corrective Decrease: Bitcoin Cash, BNB, Litecoin, TRX Analysis

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The total crypto market cap started a downside correction after testing the $267.7B level. Binance coin (BNB) price failed to stay above the $35.00 level and declined below $33.20. Litecoin (LTC) price is still well above the $105.00 and $102.00 support levels. Bitcoin cash price started a downside correction after testing the key $450 resistance. Tron (TRX) price corrected lower sharply after it rallied towards the $0.0360 level. The crypto market cap, bitcoin (BTC) and Ethereum (ETH) are correcting recent gains. BNB, litecoin, ripple, bitcoin cash, TRX, XLM and EOS…

Ripple (XRP) Price In Crucial Uptrend: Fresh Increase Likely

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Ripple price rallied recently above the $0.4240 and $0.4500 resistance levels against the US dollar. The price traded to a new weekly high at $0.4599 and it is currently correcting lower. There is a major bullish trend line forming with support at $0.4320 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to bounce back as long as it is trading above the $0.4152 pivot level. Ripple price is trading with a positive bias against the US Dollar and bitcoin. XRP is currently…

Bitcoin Breaking Past $9,000 And $11,700 Would Confirm Bull Rally

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Bitcoin Not Decidedly Bullish Yet The Bitcoin (BTC) price action on the weekend shocked investors across the board. Some, however, aren’t sure that BTC is in the clear just yet, choosing to be skeptical instead of adopting the “Fear of Missing Out” that many cryptocurrency investors have surging through their veins. What will convince these cynics that this market is in a solid uptrend, and is ready to establish new all-time highs? According to HornHairs, a cryptocurrency trader, a key price point that BTC needs to surmount in the near-term…

Barclays Leads $5.5 Million Funding Round for Blockchain-Based Invoice Exchange

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United Kingdom-based international bank Barclays and technology investment firm Bold Capital Partners have led a $5.5 million funding round for fintech firm Crowdz’s blockchain-based global invoice exchange, according to a press release on May 28. According to the report, the blockchain-based technology will purportedly make invoice processing more efficient by digitizing and automatizing what are traditionally manual processes. The technology also automates the process of finding financiers and sending them invoices. CEO of Crowdz, Payson E. Johnston, emphasizes the importance that this speedier invoice processing has for small and midsize…

Ethereum (ETH) Price Approaching Key Support: Buy Dips?

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ETH price topped near the $280 level and recently started a downside correction against the US Dollar. The price is slowly moving lower towards a couple of important supports near $265. Yesterday’s highlighted key ascending channel is intact with support near $266 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to find a strong buying interest near the $266 and $265 support levels. Ethereum price is currently correcting recent gains versus the US Dollar, but declining vs bitcoin. ETH could bounce back as long…

OKEx Exec Says Bitcoin to Rocket Past ‘Conservative’ $20,000 Prediction

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By CCN: The ongoing bitcoin price rally has more than enough fuel to retest the all-time high of $20,000, according to Andy Cheung, head of operations at Malta-based cryptocurrency exchange OKEx. Cheung called $20,000 a “conservative prediction,” hinting that most speculators are less likely to exit their long positions now that BTC has already rebounded by more than 180% from its low near $3,120 in just 163 days. “$20,000 is a conservative prediction for [the] bitcoin price in 2019, as I said last year. The rally won’t stop here because…

Bitcoin (BTC) Needs To Revisit $3,000 By October, Bearish Analyst Notes

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Bitcoin Overextended, Needs Correction No matter how the Bitcoin (BTC) price acts, bearish analysts always make their voices heard. Once the crypto asset exploded above $8,400 on Sunday, pushing to a smidgen shy of $9,000, these somewhat cynical traders have come out of the woodwork to suggest that the party for Bitcoin may soon end. In a recent analysis posted on Trading View, analyst Magic Poop Cannon, who purportedly called November and December’s downturn, suggested that Bitcoin’s recent move to $8,000 and beyond is still a part of a large “bear market…