Bitcoin Price (BTC) Rallies Sharply But Facing Significant Hurdle

Bitcoin price started a strong rise after trading as low as $9,637 against the US Dollar. The price is trading above the $10,200 level, but it is facing hurdles near the $10,400 level. There was a break above a major bearish trend line with resistance near $10,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently correcting lower towards the $10,150 and $10,100 support levels. Bitcoin price is showing positive signs above the $10,100 level against the US Dollar. BTC needs to surpass…

Bitcoin (BTC) Hash Rate Exceeded 102 Quintillion

Photo: Tim Reckmann / Flickr Bitcoin’s (BTC) network hash rate went over 102 quintillion hashes for the first time ever which is a historic milestone for the cryptocurrency. As the data show, on September 18, the hash rate reached its record of exactly 102.8 quintillion hashes. Hash rate explains the amount of computing power that is needed in processing Bitcoin transactions. The higher the number of hashes is, the more miners are competing in order to get the block reward. Since December 2018, the hash rate has been rising from…

Ripple Price (XRP) Holding Key Support: BTC & ETH Bounce Back

Ripple price is finding a strong buying interest near the $0.2850 level against the US dollar. The price is currently consolidating and it is likely to climb back above $0.3000. There is a connecting bearish trend line forming with resistance near $0.3000 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could start a fresh increase if it surpasses the $0.3000 and $0.3050 resistance levels. Ripple price is trading in a positive zone against the US Dollar, while bitcoin is rebounding. XRP price must stay…

BTC Won’t Be on Major Exchanges Without More Regulation

United States Securities and Exchange Commission (SEC) Chairman Jay Clayton said that for Bitcoin (BTC) to be traded on a major exchange it needs stronger regulation. Consider the Nasdaq CNBC reported on Sept. 19 that Clayton made his remarks earlier today at the Delivering Alpha conference, where he also warned investors to be wary until Bitcoin is regulated and traded on a major exchange. Clayton said: “If [investors] think there’s the same rigor around that price discovery as there is on the Nasdaq or New York Stock Exchange… They are…

Bitcoin Price & Technical Analysis: BTC Shows No Enthusiasm

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…

Bitcoin Price (BTC) Breaks Down, Turns Sell On Rallies

Bitcoin price failed to climb higher and declined sharply below $10,000 against the US Dollar. The price is now trading well below the $10,000 level and it could struggle to recover in the near term. There was a break below a contracting triangle with support at $10,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is under pressure and it is likely to decline further towards the $9,500 support. Bitcoin price is back in a negative zone below $10,000 against the US Dollar. BTC…

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

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…

Bitcoin Price (BTC) Trading Near Make-or-Break Levels

Bitcoin price is trading in a range below the $10,300 and $10,400 resistances against the US Dollar. The price is struggling to gain momentum above $10,300 and the 100 hourly SMA. There is a key breakout pattern forming with support near $10,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could either rally above $10,400 or it might extend its decline towards the $9,900 support. Bitcoin price is trading below key resistances and hurdles against the US Dollar. BTC is likely to make the…

Narvesen Stores and Lithuanian Press Kiosks to Sell BTC

Lithuanian convenience stores Narvesen and Lithuanian Press kiosks are going to start selling Bitcoin (BTC), local news outlet Delfi reported on Sept. 17. Bitcoin in Lithuanian stores According to the report, the shops will start selling coupons that can be exchanged for BTC online. Narvesen and Lithuanian Press have been chosen because of their extensive network and favorable attitude towards cryptocurrencies, which would grant access to the target audience and provide the means to buy coupons quickly. Narvesen CEO Vigintas Bartaševičius said: “We currently have a network of nearly 60 Narvesen stores, where we…

Bitcoin Price (BTC) At Clear Risk of Further Declines

Bitcoin price failed to hold the key $10,300 and $10,250 support levels against the US Dollar. The price is currently trading with a bearish bias and recently tested the $10,000 support area. There is a key bearish trend line forming with resistance near $10,340 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to revisit the $10,000 support level as long as it is below $10,400. Bitcoin price is trading with an increased bearish bias against the US Dollar. BTC might accelerate its…