Category: Analysis

Bitcoin Buoyed By Free Marketing, Will BTC Prices Double By 2020?

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Bitcoin (BTC) consolidating below $11,200 Iranians turning to Bitcoin Despite deliberate attacks from politicians, Bitcoin as an innovation is an “unstoppable force”. Fearing the unknown, they are unknowingly marketing BTC as an alternative. For now, BTC is steady, but bears are firmly in control. Bitcoin Price Analysis Fundamentals Cryptocurrency investors and traders are in the space to make money, then later for the technology. At least that is what statistics reveal. Bitcoin may be the first of its kind -and a genuinely successful digital asset that continues to transform lives.…

Binance’s Boost, BNB Ready for $43 After July 18 Signal

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Binance Coin (BNB) is up 7.1 percent Free airdrop for XLM owners in Binance Binance, amassing $775k after unknowingly staking XLM, will continue staking. Preparing to boost XLM accounts with free airdrops, BNB prices are up 7.1 percent in the last day. Binance Coin Price Analysis Fundamentals Trading in some periphery exchanges can not only be a source of headache because of liquidity issues, but there is also the risk of being swept clean. In H1 2019 alone, losses resulting from cryptocurrency exchange hacking exceeded $210 million. The majority is…

Bitcoin Price (BTC) Signaling Bullish Continuation To $11K

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Bitcoin price rallied recently above the $10,000 and $10,200 resistance levels against the US Dollar. The price climbed towards the $10,800 resistance and recently started consolidating gains. There is a contracting triangle forming with resistance near $10,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could accelerate towards $11,000 and $11,200 if it clears the $10,800 resistance. Bitcoin price is showing a lot of positive signs above the $10,400 support against the US Dollar. BTC is currently preparing for more upsides and it could…

Bitcoin (BTC) Is Up 6% Even As Sellers Eye $7,500

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Bitcoin (BTC) resurgence, up 6 percent Altcoins dominance fall Superior, Bitcoin is generally in an uptrend despite early July losses. Presently, resistance lies at $14,000, and if buyers overcome this level, then BTC could soar to $18,000 by close of the year. Bitcoin Price Analysis Fundamentals The altcoin world is turbulent. Even if the general notion is that Bitcoin and altcoin prices are in sync, correlating directly with the former acting as a base in most exchanges, thus far, there is a divergence in performance. Contributing to this difference is…

Ethereum (ETH) Adds 5% But Are Whales Manipulating Prices?

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Ethereum (ETH) price is up 5.1 percent Institutions driving demand for Grayscale Investment’s Large Cap Fund According to Grayscale Investments, institutional demand for cryptocurrencies, including ETH is high. Last quarter, their Large Cap Fund rose 178.8 percent. Currently, ETH is stable but vulnerable in a bear breakout pattern. Ethereum Price Analysis Fundamentals Cryptocurrency “detectives” report that this week’s Bitcoin’s drop below the $10,000 round number was because of whales’ rapid accumulation of Ethereum (ETH). As per observers, a single 15,000 ETH buy order did cause a demand shock with the…

Fidelity-Backed Blockchain Accelerator Attracts Over 50 Mentors

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The blockchain accelerator program called Startup Studio which is backed by Fidelity Investments and 20 other companies, has managed to attract over 50 mentors. Just recently IDEO CoLab announced the launch of its new blockchain accelerator program called Startup Studio. It is backed by Fidelity Investments and 20 other organizations and protocols in the space such as Ethereum Foundation, Blockchain Capital, Messari, and others. Startup Studio is meant to help blockchain startups and entrepreneurs to grow by conducting workshops of product design, law and engineering, smart contract development, finance and…

$8,000 BTC a Buy with $20,000 Bitcoin Price Boom in Play, Says Analyst

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The price of bitcoin has been see-sawing since hitting the $13,000-mark in late June as traders believe that the cryptocurrency could witness a significant pullback in the 30 percent to 40 percent range. But one analyst believes that it would be a good idea to buy bitcoin futures if the crypto asset witnesses such a major pullback. BTC’s pullback will be followed by an upswing John Kolovos, chief technical strategist at New York-based Macro Risk Advisors, told Bloomberg in an interview that bitcoin is currently undergoing a correction, but not…

Bitcoin Price Jumps $1,000 in Sudden Spike Beyond $10,000; What’s Next?

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On July 18, the bitcoin price experienced an abrupt surge from around $9,300 to $10,500 as the crypto market rebounded, rising by well over $1,000 within minutes, as CCN reported. Following the sudden upside movement, technical analysts still generally remain cautiously bearish towards the short term trend of the dominant crypto asset due to its inability to cleanly break out of a key resistance level at $10,850. Is a move down for bitcoin likely? As said by technical analyst Eric Thies, throughout the run up towards the 2017 bull market,…

Bitcoin Price (BTC) Rallies 10%, Dips Remain Attractive To Buyers

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Bitcoin price started a strong recovery and broke the key $10,000 resistance area against the US Dollar. The price surged more than 10% and broke the $10,500 resistance to test $10,800. There was a break above a major bearish trend line with resistance near $9,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price traded as high as $10,807 and it is currently consolidating gains. Bitcoin price surged more than 10% above $10,500 against the US Dollar. BTC is currently consolidating gains and dips are…

Ethereum Price (ETH) Breaks $220 While Bitcoin Rallied 10%

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ETH price started an upside correction and traded above the $210 resistance against the US Dollar. The price gained traction above the $220 level and even traded close to the $230 level. This week’s followed key bearish trend line is acting as resistance near $230 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently consolidating below the $230 resistance, with support near $212. Ethereum price is trading with a positive bias above $210 versus the US Dollar, whereas bitcoin jumped 10%. ETH price could dip…