Here’s How Shorts Could Push Bitcoin Price Above $6,000

The bitcoin price formed a new 2019 high towards $5,590 this Tuesday and its likelihood of testing $6,000 to the upside has increased. Mr. Anderson, a cryptocurrency analyst, revealed the proximity between the bitcoin price and the BTC shorts behavior in his latest statement. The analyst noted that whenever traders push BTC shorts positions in the overbought area, the probability of a bitcoin price jump increases. The Bitcoin Shorts-Bitcoin Price Relationship Mr. Anderson presented a chart to prove the relationship between the two metrics, as shown below: BTC Shorts vs.…

Disney Might Put Out $13,2B for South Korea’s Largest Game Developer Nexon

Photo: Nexon America / Twitter Disney was offered a controlling stake in NXC, the parent company of South Korean video game publisher Nexon, which specializes in online games for PC and mobile. Nexon, being the biggest game developer in South Korea is also the world’s second-largest online games market. NXC owns two major cryptocurrency exchanges: Bitstamp, based in Luxembourg, and Southkorean Korbit. This is pretty interesting because a lot of big companies were showing the interest in Nexon. Among them were Amazon, Comcast, Electronic Arts, and Tencent. According to Reuters,…

Crypto Market, Bitcoin Surging: Bitcoin Cash, ADA, Litecoin (LTC), TRX Analysis

The total crypto market cap bounced back after testing the $167.5B level. Bitcoin price rallied to a new 2019 high above the $5,500 resistance level. Litecoin (LTC) price is currently consolidating above the $75.00 support area. Bitcoin cash price is slowly moving higher towards the $295 and $300 resistance levels. Tron (TRX) price is currently struggling and it could test the $0.0245 support area. Cardano (ADA) price rallied recently and broke the $0.0750 and $0.0760 resistance levels. The crypto market cap is climbing steadily, with bullish moves in bitcoin (BTC),…

Ethereum (ETH) Price Looks Set To Break $175-$180

ETH price corrected lower and tested the $165-166 support area against the US Dollar. The price bounced back and recently broke the $169 and $170 resistance levels. There is a key ascending channel in place with support at $170 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to accelerate higher and it could soon break the $175 and $176 resistance levels. Ethereum price is holding the ground versus the US Dollar and bitcoin. ETH seems to be following a bullish path and it may…

Serena Williams Has Been Secretly Investing in Crypto Exchange Coinbase

Photo: Serena Williams / Instagram Serena Williams, an American professional tennis player and a winner of four Olimpic gold medals and 23 Grand Slam singles, has revealed the details about her own investment firm Serena Ventures. It turned out that during the last five years, Serena has been silently investing in more than 30 companies, including the leading crypto exchange Coinbase. On Instagram, where Serena Williams has about 10.9 million followers, she has published a post that reads: “In 2014, (yes I know I can keep a secret) I launched Serena Ventures…

Ripple (XRP) Price Showing Bearish Signs But $0.3130 Holds Key

Ripple price failed to gain strength above the $0.3350 resistance area against the US dollar. The price broke the $0.3280 and 0.3250 support levels to move into a bearish zone. There was a break below a major bullish trend line with support at $0.3320 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains at a risk of more losses if the bulls fail to defend the $0.3130 support area. Ripple price is under a lot of selling pressure against the US Dollar and bitcoin.…

Bitcoin Price Retesting Mean Levels Per Behavioral Finance

The previous bitcoin bubble has popped, and a new one is already forming, at least according to the Crypto Monk. The hugely-followed bitcoin and altcoin trader today compared bitcoin’s price performance to the classic lifecycle of a stock bubble. Just like its traditional counterparts, the bitcoin price bubble too had begun with a stealth phase, when the new money entered the market. It then penetrated the awareness phase, in which more investors started taking notice of bitcoin’s price rise. $BTC despair? pic.twitter.com/nXJPAdnpbJ — The Crypto Monk ⛩ (@TheCryptoMonk) April 15, 2019…

Who is Satoshi Nakamoto? John McAfee Seems to Know the Answer

John McAfee has found himself “stucked” in “fake Satoshi” story. He is actually claiming that he knows the true identity of the pseudonymous Satoshi Nakamoto. John McAfee is pretty much loud and slear about everyrhing he does including his presidential campaign. Now, he gets involved into “Who is Satoshi Nakamoto?” buzz, and, according to him, frauds claiming to be the real Satoshi are hurting the space. He says false claims from people like Craig S. Wright are negatively impacting the growth of the entire industry. He tweeted: “I have received…

Dear Bitcoin Traders, Golden Cross is Not Always a Bullish Signal

The entire bitcoin trading community is holding its breath for a crucial bullish signal known as the Golden Cross. It started on April 2 when the bitcoin price – at last – broke above a stringent resistance area and surged 23 percent in a day. This upside swing changed the market’s entire dynamics. Almost all the technical indicators that were screaming bearish turned bullish overnight. Buying sentiment returned. Selling sentiment decreased. But most importantly, bitcoin managed to sustain its gains even though it did not extend it. Profit extension is…

Wietse’s Effort Would Pay Dividends and Drive Ripple (XRP) To New Highs

Ripple (XRP) prices stabilize above 30 cents Adoption will propel XRP prices above the current range Wind is an advocate of Ripple, and his company is one of the many funded by Xpring. If there is adoption, XRP prices would likely edge higher as demand for the third most valuable coin spike. Ripple Price Analysis Fundamentals As we have reiterated in our analyses, cryptocurrencies need adoption to thrive. Day-to-day use means acceptance, and if one coin goes mainstream, then its value will surely skyrocket. We are talking about 10X gains…