Tag: Analysis

Crypto Market & Bitcoin Rebounding: BCH, Litecoin, TRX, XLM Analysis

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The total crypto market cap bounced back sharply after testing the $245.0B support area. Bitcoin price is back above the $10,000 and $10,100 levels, with positive signs. Litecoin (LTC) price is showing positive signs and it could soon revisit the $80.00 resistance. BCH price is gaining pace and it could rise towards the $325 and $340 resistance levels. Tron (TRX) price settled above the $0.0170 level and it could continue to climb higher. Stellar (XLM) price surged recently and it is likely to march towards the $0.0850 level. The crypto…

Bitcoin Price & Technical Analysis: BTC Shows No Enthusiasm

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Photo: Shutterstock By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. BTC/USD tech analysis. Launch of the BTC futures postponed again. The BTC price dropped to zero due to a technical problem. On W1 of the Bitcoin we can see a prolongued correction. The pattern still looks like a Triangle but is promising to turn into a descending channel. A breakaway of the resistance line may signal the end of the correction and the start of a new wave of growth. Securing above $11350.00 may confirm further growth to the peak of…

Crypto Market Cap & Bitcoin Drop Sharply: BCH, Litecoin, ADA, TRX Analysis

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The total crypto market cap started a strong decline below the $255.0B support. Bitcoin price is down around 4% and it recently broke the $10,000 support area. Litecoin (LTC) price is correcting gains and is trading below the $75.00 support area. BCH price failed to surpass the $325 resistance and is correcting lower towards $305. Tron (TRX) price is correcting gains and is approaching the $0.0165 support level. Cardano (ADA) price is testing the $0.0500 level, with a minor bearish angle. Bitcoin (BTC) and the crypto market cap are declining…

Price Analysis 18/09: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, ADA

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Altcoins are on fire. Can this rally continue and is this a good time to buy? Let’s analyze the charts. The Chicago Board Options Exchange has withdrawn its application for the VanEck/SolidX Bitcoin (BTC) exchange-traded fund (ETF). However, VanEck’s director of digital asset strategies Gabor Gurbacs stated that they will continue to work with regulators to bring “a physical, liquid and insured ETF” to the market. Bitcoin had a muted reaction to this news, which is a positive sign. Blackstone CEO Steve Schwarzman said that blockchain technology is good and…

Altcoins Dragging Crypto Market Cap Higher: BCH, BNB, EOS, TRX Analysis

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The total crypto market cap is slowly climbing higher and it recently broke the $260.0B resistance. Bitcoin price is currently trading in a range near the $10,200 level. EOS price is trading near $4.100 and it could start another upward move. Binance Coin (BNB) is up more than 6% and it recently surpassed the $21.50 resistance. BCH price gained more than 5% and it recently broke the $320 resistance area. Tron (TRX) price rallied 10% and broke the main $0.0165 resistance level. The crypto market cap gained after a strong…

Crypto Market And Bitcoin Holding Support: BCH, Litecoin, EOS, XLM Analysis

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The total crypto market cap is holding the main $250.0B support area, with positive signs. Bitcoin price could recover as long as it is above the $10,000 support area. Litecoin (LTC) price is eyeing an upside break above the $73.00 and $75.00 resistances. Bitcoin cash price is currently consolidating above the key $300 support area. EOS price is trading in a range above the $4.000 support, with bullish signs. Stellar (XLM) price is likely to make another attempt to surpass the $0.0600 resistance. The crypto market cap is showing positive…

Price Analysis 16/09: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, ADA

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The impending launch of Bakkt could likely determine the price of Bitcoin for the next few weeks. Many central banks across the world are racing against each other to devalue their currencies. Crypto fund executive Travis Kling believes that Bitcoin (BTC) is a great hedge against irresponsible monetary and fiscal policies of central banks and governments. Tim Draper has said that his target price of $250,000 for Bitcoin is conservative because at that price, the leading cryptocurrency will have only about 5% market share of the currency world, which may…

Crypto Market & Bitcoin Sighting Upsides: BCH, EOS, TRX, ADA Analysis

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The total crypto market cap is currently holding the $250.0B support area. Bitcoin price is struggling to gain momentum above the $10,400 and $10,500 resistances. EOS price is up more than 2% and it recently broke the key $4.000 resistance area. BCH price is back above the $300 pivot level and it could climb towards the $320 level. Tron (TRX) price is consolidating losses below the $0.0165 resistance area. Cardano (ADA) price is eyeing an upward move towards the $0.0500 resistance level. Bitcoin and the crypto market cap are likely…

Price Analysis 11/09: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, ADA

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Bitcoin is gradually drifting down. Is this a buying opportunity or will it fall further? Let’s analyze the charts. The trade war between the United States and China has stoked fears of a recession. According to a survey by eToro, if a recession occurs, 40% of millennials would prefer to invest in crypto. However, Generation Z and Generation X investors are not convinced by crypto as they have chosen real estate and commodities as their preferred mode of investment.  Gold Bullion International co-founder Dan Tapiero believes that Bitcoin (BTC) is…

Analysis: Chainlink Engaged in Pump and Dump Scheme to Manipulate LINK Price

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The blockchain analytic firm, AnChain.ai, recently raised some dust in the crypto sphere when it posted some research findings that suggest Chainlink (LINK) has become a home to the infamous pump and dump scam. Although no confirmations are made yet, the findings by AnChain.ai show that a group of investors are of the habit of manipulating the price of Chainlink’s native cryptocurrency Link. According to the research, which was conducted from April 1 through July 26, the recent price jump experienced around June 28 is as a result of some…