On Jan. 18, Bitcoin (BTC) price finally made a strong push through the resistance level at $9,000 and rallied to $9,194 before pulling back slightly. BTC price has reached its highest level since early November, hitting $9K for the first time in 2020. BTC USD daily chart. Source: TradingView The upside move brought the price above the main trendline of the ascending triangle in the $9.1 to $9.2K zone (highlighted pink) to set a daily higher high and open the door for further gains to $9,600. Cryptocurrency market weekly overview.…
Month: January 2020
Bitcoin On The Brink Of Massive Rally And Only 1 Thing Is Holding It Back
Bitcoin is climbing steadily above $8,800 and $9,000 against the US Dollar. BTC price could start a massive rally towards $10K and $11K if there is a daily close above $9,300. Bitcoin price is gaining momentum above the $9,000 resistance area against the US Dollar. A new 2020 high is formed near $9,185 and the price could continue to rise. There was a break above a crucial declining channel with resistance near $8,475 on the daily chart of the BTC/USD pair (data feed from Kraken). The pair is now facing…
Crypto Fights for Freedom in India’s Supreme Court, Critics Cite Risk
Following the session that took place last August, a three-judge panel from India’s Supreme Court reconvened once again this week to discuss the much-hyped Crypto v. RBI case. During the last hearing, the Supreme Court had asked the Reserve Bank of India (RBI) to clarify its position as to why exactly it enforced a nationwide banking ban on the country’s crypto market, as well as to discuss the seemingly unconstitutional nature of its aforementioned move. Ever since the RBI decided to go ahead and issue its controversial prohibition order, a…
A Strong Uptrend Is Forming For Ethereum And It Could Rally To $200
Ethereum gained bullish momentum above the $170 resistance against the US Dollar, and bitcoin jumped above $9K. ETH price is likely to continue higher towards the $195-$200 resistance area. ETH price is showing a lot of positive signs above the $165 and $170 levels against the US Dollar. The price traded to a new 2020 high close to $180 and it is currently consolidating gains. There is a key rising channel forming with support near $172 on the 4-hours chart of ETH/USD (data feed via Kraken). Bitcoin is up around…
Analysts Lays This Case for 60% Drop In Bitcoin Price By 2020’s Halving
After Bitcoin (BTC) rocketed from $3,000 to $14,000 in the span of six months, analysts have been sure that the cryptocurrency would never revisit the $3,000s again. Indeed, the logarithmic price curve that has contained the asset’s price action for the past decade predicts BTC will never again hit $3,000. But, there have been a few analyses projecting that it may only be a matter of time before such low levels are visited once again. And one of these recently gained some steam on Crypto Twitter. Could Bitcoin Revisit $3,000s…
Analysts Lays This Case for $3,500 Bitcoin Price By 2020’s Halving
After Bitcoin (BTC) rocketed from $3,000 to $14,000 in the span of six months, analysts have been sure that the cryptocurrency would never revisit the $3,000s again. Indeed, the logarithmic price curve that has contained the asset’s price action for the past decade predicts BTC will never again hit $3,000. But, there have been a few analyses projecting that it may only be a matter of time before such low levels are visited once again. And one of these recently gained some steam on Crypto Twitter. Could Bitcoin Revisit $3,000s…
Analysts Lays This Case for 60% Drop In Bitcoin Price By 2020’s Halving
After Bitcoin (BTC) rocketed from $3,000 to $14,000 in the span of six months, analysts have been sure that the cryptocurrency would never revisit the $3,000s again. Indeed, the logarithmic price curve that has contained the asset’s price action for the past decade predicts BTC will never again hit $3,000. But, there have been a few analyses projecting that it may only be a matter of time before such low levels are visited once again. And one of these recently gained some steam on Crypto Twitter. Could Bitcoin Revisit $3,000s…
WisdomTree Grows a Stablecoin Today to Nurture a Crypto ETF Tomorrow
The news that WisdomTree, a major asset manager with $63.8 billion in assets under its belt, plans to launch a regulated stablecoin — pending approval from the United States Securities and Exchange Commission — could be a significant development. It would bring a unique combination of being an enterprise level and having financial regulatory experience to the stablecoin arena — and if talks with the SEC go well, perhaps even the first U.S.-regulated crypto exchange-traded fund. The stablecoin will be pegged to a basket of assets such as gold, fiat…
Crypto News From Japan: Jan. 13-17 in Review
This week’s news from Japan included additional comments against crypto trading from China, Binance’s potential involvement in Japan, positivity from the International Monetary Fund (IMF), more crypto exits from European Union (EU) regions, and stablecoin positivity from France. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. China reaffirms its stance against crypto trading Crypto-hostile China has once again confirmed its ban on crypto asset trading, according to comments from Beijing’s director of Financial Supervisory Administration Huo Xuewen. “Virtual currencies cannot be used as…
Top 10 Crypto Exchange Clone Scripts
BlockchainAppsDeveloper is the leading Crypto exchange clone scripts development company provides clone scripts like binance, localbitcoins, paxful, coinbase and many more. We develop best clone scripts to start your own cryptocurrency exchange website. Let us see all the top crypto exchange clone scripts, Binance Clone Script To Start a Crypto Exchange like Binance Binance is the Japan-based crypto exchange platform. Binance exchange is the largest crypto exchange by trade volume and one of the fastest crypto exchange in the world. In the binance exchange, there are millions of active users…