Category: Analysis

Bitcoin (BTC) Bulls Unconvincing, Over $1 Billion Lost To Hackers

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Bitcoin (BTC) prices are steady Over $1 billion lost to hackers Hacking is forcing thoroughness in cryptocurrency exchanges. Determined hackers have seen exchanges lose over $1 billion with Bitpoint the latest victim. At the time of writing, BTC is stable, but bears have the upper hand. Bitcoin Price Analysis Fundamentals There is always a risk when trading. Unlike trading traditional securities like bonds or Forex, the cryptocurrency space is unregulated. That is perhaps the reason why government representatives are drumming up for proper regulation. Furthermore, Bitcoin and digital assets are…

Monero (XMR) Capped at $100 Despite Szabo’s Advocacy

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Monero (XMR) steady in the last 24 hours Nick Szabo is advocating Monero Privacy is the future, and Monero is well-positioned. Despite their reliance on developers, Monero as a network is resilient, rebuffing miner centralization attempts. Thus far, like most coins, XMR is vulnerable. Even so, it is trading within a bullish breakout pattern against the USD. Monero Price Analysis Fundamentals The future is, indeed, private. Affirming this is a conscious campaign by citizens against behemoths keen on collecting and processing personal data for their benefit. Social media giant Facebook…

Bitcoin Price One Mere Correction Away from Run Toward $14,000

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The cryptocurrency market is quite mundane following an action-less weekend session. Bitcoin price briefly stepped above $11,000 but immediately corrected towards the key support at $10,500. Investors do not mind the calmness across the market as the last couple of weeks have been nothing but a rollercoaster ride. As reported by CCN bitcoin price within the two weeks from July 10 shed 18 percent from levels slightly above $13,000 to the current market value at $10,605. Besides, Bitcoin dived to its lowest levels in July almost breaching the $9,000 level.…

Bitcoin Price Goes Sideways Again… What Will the Next Stage Be?

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Bitcoin Price Goes Sideways Again… What Will the Next Stage Be? July 22, 2019 by Ramiro Burgos The bitcoin price has made a few attempts to push back to those peaks of a month ago… but ultimately traders and hodlers alike were left staring at chart lines that refused to make big leaps up or down. Fundamentals and external factors may balance the confusion to define the next stage, but what might they be? Read on to learn more. Also read: Bitcoin Price Hits $12K Resistance Hard, Repeats Old Patterns at…

Despite Recent Losses, BNB Still a Solid Investment

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Despite the recent price drop, Binance Coin is not going anywhere. Instead, it is a great time to invest in the Binance native token, today. Here’s why. BNB is the native token of cryptocurrency exchange Binance, the largest crypto exchange by volume. Binance is also known as a major player in blockchain innovation. According to CoinMarketCap, Binance Coin (BNB) has lost $1.5 billion in market capitalization in a week. BNB prices are down 8 percent and nearly 40 percent from last month’s high of over $39 USD. To some, this…

Bitcoin Price (BTC) Could Retest Key Support Before Fresh Increase

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Bitcoin price climbed higher recently above the $11,000 resistance level against the US Dollar. The price spiked towards $11,200 and recently corrected lower below $10,800. There is a connecting bullish trend line forming with support near $10,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could retest the key $10,000 support level before it could rise again towards $11,000. Bitcoin price is struggling to continue higher above $10,800 support against the US Dollar. Therefore, BTC price might decline towards $10,000 before it could start…

Bitcoin And Crypto Market Approaching Next Break: BCH, XLM, EOS, TRX Analysis

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The total crypto market cap is currently trading in a range below the $290.0B resistance. Bitcoin price is also consolidating above the $10,500 support and is preparing for the next move. BCH price broke the $320 resistance, but it is struggling to gain momentum. EOS price is up around 2% and it recently traded above the $4.100 and $4.200 resistances Stellar (XLM) price is slowly moving higher towards the $0.0950 and $0.1000 resistance levels. Tron (TRX) price is likely to continue higher and it might soon break the $0.0300 resistance…

Ethereum Price (ETH) Likely To Accelerate Above $240 & $250

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ETH price remained well bid above the $208 support and recently climbed higher against the US Dollar. The price settled above the $220 pivot level and is currently consolidating in a range. There is a breakout pattern forming with resistance near $227 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to accelerate higher above the $227 and $230 resistance levels in the near term. Ethereum price is showing positive signs above $208 and $215 versus the US Dollar, similar to bitcoin. ETH price might…

Bitcoin (BTC) Price Weekly Forecast: Approaching Next Crucial Break

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There was a solid upside correction initiated from the $9,100 swing low against the US Dollar. The price gained traction after it broke the key $10,000 resistance area and traded towards $11,250. There was a break above a major bearish trend line with resistance at $10,400 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair tested a crucial resistance near $11,250 and it is currently correcting lower. Bitcoin price is showing positive signs above the $10,250 support against the US Dollar. However, BTC must break…

Bitcoin Flexes Its Muscle, Reclaims $11,000 in Abbreviated Weekend Rally

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Seemingly out of nowhere, the bitcoin price rocketed past the psychologically important $11,000 level this weekend. No doubt traders are getting whiplash from the dramatic swings, as the range-bound BTC then pulled back to just over $10,900. The bitcoin price is off its best levels of the day. | Source: TradingView Not too long ago, Galaxy Digital CEO Michael Novogratz predicted that BTC would be range-bound for a while, suggesting the market would hover between $10,000 and $14,000, which it has. Now he is offering another bit of advice to investors…