May 24, 2020

Why All Eyes Should Be on the $9,000 Bitcoin Price Level This Week

May 24, 2020 boss

Last week, Bitcoin (BTC) looked poised for a huge move up to $11,000. Instead, we saw a sidewards week of price action coupled with a small pullback. Has Bitcoin topped out? Is there too much selling pressure around $10K? Let’s take a look at what’s happening with the largest cryptocurrency by market capitalization, BTC. Daily crypto market performance. Source: Coin360.com More sellers than buyers BTC/USD 1-hour chart. Source: TensorCharts Bitcoin currently faces huge resistance between $9,500 and $10,005, according to the Binance order book shown on the Tensor Chart heat…

50% Crypto Crash in March Was a “Nuclear Bomb” With a Silver Lining: Investor

May 24, 2020 boss

Just nine weeks ago, the crypto market fell off the face of a cliff. Within 24 hours, from the peak to trough, the price of Bitcoin fell by more than 50% from ~$7,600 to $3,700. It was a move caused by a global liquidation event in all markets, triggered by a run for cash to respond to the economics of the outbreak of COVID-19. As the prices of crypto assets were plunging, investors were calling it quits. There were some saying that Bitcoin was on its way to $1,000 and…

50% Crypto Crash in March Was a “Nuclear Bomb” With a Silver Lining: Investor

May 24, 2020 boss

Making Blockchain Safe and Secure, a Balancing Act That Never Ends

May 24, 2020 boss

Blockchain technology has become synonymous with privacy and security, but those very characteristics have been put to the test over the past decade. With historical roots embedded in cryptography, many blockchain and cryptocurrency projects purport to offer unbridled security and privacy measures. The industry is split between public blockchain platforms like Bitcoin and private or permissioned blockchains focused on enterprise use. Cointelegraph has previously explored the ins and outs of privacy concerns around blockchain technology, but the security of these systems is a major consideration on its own. In the…

Why Today’s Weekly Close Is Crucial to Avoid $8,000s

May 24, 2020 boss

As the weekly close approaches Bitcoin (BTC) price made a quick move toward $9,300 after spending the past 48-hours struggling to hold above $9,200. Traders would like to see the top-ranked asset on CoinMarketCap close above the $9,300 level and earlier this week Cointelegraph contributor filbfilb cautioned that: If Bitcoin is unable to reclaim the levels aforementioned, the likely inevitable breakdown would be to retest the May lows and 20-week MA, currently around $8,160. Typically this is the line in the sand between continuation higher and a more meaningful bearish…

Ethereum Seems Resilient Above $200: Here’s Strong Case For Rally To $250

May 24, 2020 boss

Ethereum is trading nicely above the $192 and $200 support levels against the US Dollar. ETH price could start a strong rally if it clears the $210 and $215 resistance levels. ETH price is showing positive signs above $200 pivot level against the US Dollar. A strong support base is forming above $205 and the 100 simple moving average (4-hours). There is a crucial contracting triangle forming with resistance near $210 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could start a strong rally if it…