Crypto Price Analysis September 16: BTC, ETH, LTC, TRX, EOS

The cryptocurrency market is trying to recover. And if such assets as Bitcoin and Ethereum are looking quite confident in favor of further growth, the other ones, like Litecoin and EOS are very likely to fall and test their respective support areas. Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos. After the cryptocurrencies complete these movements, signals for further growth may appear and they may try to form new ascending…

Blockchain Bites: Bitmain Denied, Coinbase Blocked and a Potential EOS Exit Scam

Bitmain’s appeal to recoup $30 million in alleged lost revenues from Poolin has been denied, Digital Currency Group has acquired a retail-focused exchange and Venezuelan officials appear to have blocked access to Coinbase.  Top shelf Bitmain bustA court in China has denied an appeal by bitcoin mining giant Bitmain seeking $30 million in damages from the three co-founders of Poolin, one of the world’s largest cryptocurrency mining pools, CoinDesk’s Wolfie Zhou reports. The mining giant Bitmain claims Poolin’s founding executive broke non-compete agreements in starting its BTC mining operations, leading to millions in lost…

Crypto Price Analysis September 9: BTC, ETH, LTC, BCH, EOS

Cryptocurrencies have gone in descending corrections again. Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos. However, even now, on the Bitcoin and Ethereum D1 charts, ascending patterns confirming a leap upwards are forming; note that those are the same patterns. However, there is room for another decline before the patterns are complete. Hence, the market may slump even deeper down before reversing upwards. On W1s of the Bitcoin and Ethereum,…

Crypto Price Analysis September 2: BTC, ETH, LTC, BCH, EOS

The crypto market is trying to grow after another correction. Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos. The Ethereum is ahead of the others that do not hurry to renew the highs. Moreover, on D1s of such cryptocurrencies as the Litecoin or Eos, reversal patterns are forming, promising a decline, and if the buyers fail to keep the nearest support levels, the crypto market may experience another serious drawdown.…

Price analysis 8/31: BTC, ETH, XRP, LINK, BCH, LTC, BSV, CRO, BNB, EOS

Bitcoin and altcoins have bounced off their range lows but they are likely to encounter resistance at higher levels. The U.S. stock market is on track to clock its best August performance since 1984. Meanwhile, Bitcoin (BTC) is attempting a positive close for the month, after having declined consecutively in August 2018 and 2019. However, gold futures and the U.S. dollar index (DXY) have not been in favor as both could end the month in the red. Berkshire Hathaway disclosed a 5% stake each in five leading Japanese trading companies…

Price analysis 8/28: BTC, ETH, XRP, LINK, BCH, LTC, BSV, CRO, BNB, EOS

Bitcoin and altcoins are holding key support levels, suggesting bulls will try to break above overhead resistance levels soon. In his speech on Aug. 27, U.S. Federal Reserve chairman Jerome Powell said that the central bank will allow inflation to stay above its 2% target level if the figure has been languishing below that level for a long time. Some analysts believe that this could mean no rate hikes for at least five years.   In response to the speech, the U.S.dollar index (DXY) resumed its downtrend while gold is trading…

Major EOS Block Explorer Bloks.io Acquired by Metal Pay

Blockchain-based payment platform Metal Pay has acquired the multifunctional EOSIO platform, Bloks.io. The binding letter for the acquisition was signed earlier this week, Metal Pay representatives told Cointelegraph on Aug. 21. The final amount of the deal was not disclosed. Originally launched as a simple block explorer for EOS (EOS), Bloks.io has expanded into a multi-purpose EOSIO platform supporting various networks like WAX, Telos, Proton and others. According to Metal Pay, Bloks.io had more than 10,000 daily active users at the time of the acquisition. A spokesperson for Metal Pay…

Price Analysis 8/19: BTC, ETH, XRP, LINK, BCH, LTC, BSV, ADA, BNB, EOS

Bitcoin and the altcoins continue to correct but lower levels are likely to attract buyers as the bullish macro trend has not changed. Bloomberg Intelligence senior strategist Mike McGlone is bullish on Bitcoin (BTC) as he believes that “something unexpected needs to happen for Bitcoin’s price to stop doing what it’s been doing for most of the past decade: appreciating.” However, with the S&P 500 hitting a new all-time high today, traders are booking profits in gold and crypto assets. As U.S. markets surge to new highs, Bitcoin price has…

Crypto Price Analysis August 19: BTC, ETH, LTC, EOS, LINK

After updating their respective highs once again, all assets have started descending corrections, which may be considered just as another movement to the downside before a further uptrend. Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos. On charts of many assets, the currently forming structures point at further growth. So, if bulls continue their pressure, the cryptocurrency market may try to continue the bullish trend. The unwillingness of the market…

Price Analysis 8/17: BTC, ETH, XRP, LINK, BCH, LTC, BSV, ADA, EOS, BNB

Bitcoin’s strong move above the $12,200 resistance could boost sentiment and lead to a stronger rally in select altcoins. Investors usually buy large quantities of gold when they do not have faith in fiat currencies and want to protect their purchasing power against debasement. Berkshire Hathaway’s recent purchase of Canadian gold miner Barrick Gold suggests that Warren Buffet is not confident about the future health of the United States and global economy. Morgan Creek Digital co-founder and partner Jason Williams believes that although Buffet might not directly invest in Bitcoin…