Category: Analysis

When Lambo? ‘When Hell Freezes Over’, Says Lamborghini

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When Lambo? ‘When Hell Freezes Over’, Says Lamborghini January 18, 2019 by Paul de Havilland Having been tarnished with the When Lambo meme from the bristling edges of the crassest underbelly of the crypto community fringe, Lamborghini is desperate to disassociate its brand from crypto. Sales figures for the Italian sports car giant have benefitted from newly created crypto millionaires, but the company wants nothing to do with them. Also read: Bakkt Acquisition: Backend Buyup to Boost Crypto Amid Payments Wars Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders…

Bitcoin Price Watch: BTC Signaling Decent Comeback Above $3,700

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Bitcoin price declined again and tested the $3,550 support area before recovering against the US Dollar. There was a break above a major bearish trend line with resistance at $3,585 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently showing positive signs above the $3,600 support level, with a bullish angle. Bitcoin price broke a key resistance near $3,600 recently against the US Dollar. The current price action is positive, signaling an upside extension above $3,700 in the near term. Bitcoin Price Analysis…

Crypto Market Update: EOS, Bitcoin Cash, Tron (TRX), IOTA Price Analysis

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The total crypto market cap broke a major resistance near the $117.00B level. EOS price broke the $2.50 resistance and it may rise towards the $2.62 level. Bitcoin cash price jumped above the $130 level and it might head towards the $135 resistance. Tron (TRX) price is up more than 3% and it seems like it could test $0.0262. IOTA gained more than 6% and it is likely approaching the $0.3250 resistance level. The crypto market is slowing recovery, with positive signs for bitcoin (BTC) and Ethereum. Similarly, BCH, ripple,…

Ripple Price Analysis: XRP Likely Preparing For The Next Ride

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Ripple price is trading in a tight range above the $0.3240 and $0.3200 support levels against the US dollar. There is a major contracting triangle formed with resistance at $0.3290 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to make the next move either above $0.3300 or below $0.3200 in the near term. Ripple price is preparing for the next major move against the US Dollar and Bitcoin. XRP/USD could surge above $0.3300 as long as it is above the $0.3160 support…

Ethereum Price Analysis: ETH Could Rally If $116 Support Holds

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ETH price is currently consolidating above the $116 and $117 support levels against the US Dollar. Yesterday’s highlighted key bearish trend line is active with resistance at $126 on the hourly chart of ETH/USD (data feed via Kraken). The pair may gain bullish momentum sooner or later as long as it is above the $116 support. Ethereum price is trading in ranges against the US Dollar and bitcoin. ETH/USD might start a solid upward move if it continues to hold the $116 support area in the near term. Ethereum Price…

BTC Cap Up $700 million From $3,700 Support

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Bitcoin price ranging, up $700 million in the last 10 Hours Federal Reserve Bank of St Louis research confirms there is BTC demand Transactional volumes low. Drops from 18k to 15k in three days Market participants are optimistic and for good reasons. Candlestick arrangement points at bulls, and as prices swing between Jan 14 high low, our immediate triggers will be at $3,800. All the same ideal targets are at $4,500 and $6,000 on the upside. Bitcoin Price Analysis Fundamentals Aside from supervising and regulating financial institutions in the US,…

ETH Set for $150, Bull Pin Bar Prints

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Ethereum Price finds support above $120 Analysts say Ethereum Futures are complicated Transaction volumes low, ETH/USD ranging Even without Constantinople, prices are steady, and although it may be months or even years before ETH Futures gain traction, bulls are vibrant. At spot rates, there is a demand for ETH and prices might soar to $170 by end month. Ethereum Price Analysis Fundamentals A day after Constantinople, Ether prices are faring quite well, and as developers prepare for another conference on Friday to deliberate and fix the next launch date, it…

XRP Demand Builds Up in Lower Time Frames

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Ripple price stable above 30 cents Ryan Zagone concludes lack of regulatory clarity impedes institutional adoption Average volumes decrease from 30 million to 24 million in three days Technically, XRP is bullish above 30 cents and 25 cents. As such, as long as prices accumulate above 30 cents, we expect a breakout lifting price above 35 cents to 40 cents in the next few days. Ripple Price Analysis Fundamentals Strides are being made, and one of them is the Euro Exim bank decision to integrate xRapid. While it is good…

Bitcoin Price Watch: BTC At Risk of Sharp Decline, Could Retest $3,400

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Bitcoin price failed to recover above the $3,650 resistance and declined recently against the US Dollar. There was a break below a major contracting triangle with support at $3,590 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently trading in a bearish zone and it may accelerate losses to $3,500 and $3,400. Bitcoin price is under selling pressure below $3,650 against the US Dollar. There are high chances of more losses in BTC below $3,500 and $3,450 in the near term. Bitcoin Price…

Ripple Price Analysis: XRP Could Target Fresh Weekly Lows

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Ripple price is struggling to gain momentum above the $0.3300 and $0.3320 resistances against the US dollar. There is a key bullish trend line formed with support at $0.3240 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could break to the downside if sellers push the price below $0.3200 and $0.3150. Ripple price is slowly moving into a bearish zone against the US Dollar and Bitcoin. XRP/USD could accelerate losses if buyers continue to struggle above $0.3300 in the near term. Ripple Price Analysis…