Ethereum Price Weekly Forecast: ETH Could Climb Above $200

ETH price declined heavily below the key $200 and $190 support levels against the US Dollar. The price is currently consolidating losses after trading as low as $174. There is a crucial bearish trend line forming with resistance near $195 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could start a strong upward move once it breaks the $195 and $200 resistance levels. Ethereum price is currently consolidating losses against the US Dollar and bitcoin. ETH price could either climb above $195 and $200 or it…

Bitcoin And Crypto Market Rebound Facing Hurdles: BCH, XLM, EOS, TRX Analysis

The total crypto market cap declined to $242.0B and is currently correcting higher. Bitcoin price is currently correcting higher and is trading above the $10,200 level. BCH price stayed above the $300 support and it is currently near the $310 level. EOS price is currently consolidating above the key $3.500 support area. Stellar (XLM) price is slowly recovering higher towards the $0.0700 and $0.0720 resistance levels. Tron (TRX) price is trading in a strong downtrend below $0.0200 and $0.0180. Bitcoin (BTC) and the crypto market cap are recovering towards key…

Bitcoin Slips in Tandem with US Stocks; Still a Safe-Haven?

Bitcoin fell by as much as 5.54 percent on Wednesday after bond markets warned the possibility of a recession is growing. The BTC/USD instrument today established a new local swing low of $9,470 on San Francisco-based Coinbase exchange. The downside price action brought the pair’s week-to-date losses to circa 18 percent. It nevertheless attempted a small recovery above the $10,000, a psychological resistance level during an uptrend, and succeeded. As of 11:25 UTC, the BTC/USD instrument was trading at $10,075. Bitcoin Price Continues Its Downside Correction | Image Credits: TradingView.com…

Falling Renminbi Serious Use Case for Bitcoin: DBS Chief Economist |

A weakening Chinese Yuan (Renminbi) is helping to fuel the bullish sentiment of bitcoin, according to Taimur Baig of DBS’ Singapore unit. The chief economist told Financial Times that the recent run-up in the bitcoin price took place after the People’s Bank of China (PBoC) forced the value of the renminbi below $0.14 for the first time since the last financial crisis. The move increased the demand for bitcoin and similar perceived safe-haven assets – such as gold – higher. “We have seen a big rally,” said Baig. “A falling…

Crypto Market Cap & Bitcoin Extending Losses: BCH, Litecoin, ADA, TRX Analysis

The total crypto market cap declined further and broke the $280.0B support area. Bitcoin price is down more than 6% and it recently traded below the $10,800 support. Litecoin (LTC) price is holding the key $85.00 support area and is trading in a range. BCH price performed nicely and jumped more than 5% to break the $340 resistance. Tron (TRX) price is grinding lower towards the $0.0200 support level. Cardano (ADA) price is currently recovering above the $0.0525 resistance level. The crypto market cap and bitcoin (BTC) are extending losses…

Overstock’s tZero Available For Trading By Non-Accredited Investors

Photo: tZERO / Twitter Overstock’s blockchain subsidiary tZERO announced that their security tokens are finally available for trading by non-accredited investors. Before that, the only one who could trade in digital securities were accredited investors. As per their announcement, preferred equity security tokens (TZROP), issued in a private placement in August last year, are now available to be resold under Rule 144 under the Securities Act of 1933. Investors that have an account at Dinosaur Financial, may trade their tZERO security tokens on the PRO Securities alternative trading system (ATS).…

Bitcoin (BTC) Price Technical Bias Favors More Downsides

Bitcoin price is struggling to climb above the $11,500 and $11,600 resistances against the US Dollar. The price is holding the key $11,200 support, but it remains at a risk of more downsides. There are two key bearish trend lines forming with resistance near $11,400 and $11,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could decline heavily if there is a break below the $11,200 support area in the near term. Bitcoin price is showing bearish signs below $11,500 against the US Dollar.…

Crypto Market and Bitcoin Near Crucial Juncture: BCH, EOS, TRX, ADA Analysis

The total crypto market cap is testing a strong resistance near the $292.0B level. Bitcoin price is facing a couple of important hurdles near the $11,500 level. EOS price is moving lower and is about to test the key $4.000 support area. BCH price is struggling to hold gains and it could revisit the $320 support area. Tron (TRX) price is currently consolidating above the main $0.0200 support area. Cardano (ADA) price is under pressure and is approaching the $0.0500 support level. Bitcoin price and the crypto market cap are…

Ethereum Price (ETH) Resumes Decline, Bears Eye Fresh Lows

ETH price failed to surpass the key $215 resistance area and declined again against the US Dollar. Ethereum price is now trading below the $214 level with a bearish angle. Yesterday’s highlighted key ascending channel with support near $213 was breached on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to extend its decline towards the $200 support area in the near term. Ethereum price is trading in a bearish zone versus the US Dollar and bitcoin. ETH price could continue to slide and it…

Goldman Sachs Analysts Say that It’s Time to Buy Bitcoin

Goldman Sachs Securities Division analysts, in a note to investors, have shared a bullish attitude towards Bitcoin. They even encourage investors to buy Bitcoin on this dip. Recently, Three Arrows Capital CEO Su Zhu has shared the Goldman Sachs note which was sent out to investors. In the note, Goldman Sachs analysts suggest that buying this Bitcoin dip is a prime opportunity. The note itself consisted of a Bitcoin CMI futures chart and a comment from the analysts. What is more surprising: that Goldman Sachs has a bullish target on…