Price Analysis 18/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

While Bitcoin looks weak, select altcoins are showing resilience and this can shift the focus from Bitcoin to altcoins. Since the Great Recession, the health of the global financial system has only deteriorated. Corrupt leadership, worsening standards of living and several other problems have sparked unrest in a number of countries. The latest country to see unrest is Iran. Recently protestors set several buildings on fire and one among them was a branch of Iran’s central bank in Behbahan, a city located in the southwestern region of the country.  Such…

EOS is poised for Bull Run But What’s Preventing a Breakout: Factors & Trends

EOS is slightly recovering as bulls seem to be back in the game The short-term correction is keeping EOS on suspense for a major bullish move Over the past few days, EOS has seen relatively strong growth of about 23% after establishing a mid-year low at around $2.4 on September 25. Recently, the price of EOS stalled around $3.5, currently the monthly high. The cryptocurrency has increased by 2.37%, now trading at the $3.47 price level. The 7th largest cryptocurrency in the global market is likely to recover above key…

Crypto Market And Bitcoin Might Decline Further: BCH, EOS, TRX, ADA Analysis

The total crypto market cap is following a bearish pattern below the $230.0B level. Bitcoin price is facing an increase in selling pressure below $8,600 and $8,500. EOS price is currently struggling to stay above the key $3.350 support area. BCH price extended decline and broke the $280 and $265 support levels. Tron (TRX) price is currently trading near the key $0.0185 support area. Cardano (ADA) price is showing positive signs above the $0.0420 support. Bitcoin and the crypto market cap are currently declining. Ethereum (ETH), EOS, Tron (TRX), BCH,…

Price Analysis 15/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

Bitcoin price looks weak but this fall below $8,500 might turn out to be a buying opportunity. Fundstrat’s Tom Lee believes that cryptocurrencies “are network value assets” and as the number of people who hold the asset increases, the value of the cryptocurrencies would also move up. According to him, about half a million people use and own Bitcoin currently and if the number doubles, he expects Bitcoin (BTC) to easily reach his target of $25,000. Binance founder and CEO Changpeng Zhao believes that Chinese President Xi Jinping’s support of…

Crypto Market And Bitcoin Bearish Continuation: BCH, EOS, TRX, ADA Analysis

The total crypto market cap is currently declining and it could test $220.0B support. Bitcoin price is under pressure and it is likely to break the $8,500 support area. EOS price is now trading near the $3.350 support area and showing bearish signs. BCH price failed to stay above the key $280 support and extended its decline. Tron (TRX) price is down more than 4% and it is approaching the $0.0185 support area. Cardano (ADA) price is now trading near the key $0.0420 support area. Bitcoin and the crypto market…

Price Analysis 13/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

While Bitcoin price action remains lackluster, altcoins are attempting to make a strong upside move. Although Bitcoin (BTC) is not showing any trending move, Bakkt and the Chicago Mercantile Exchange (CME) Group continue to roll out products designed to attract the large traders. Bakkt recently announced that it will add a cash-settled futures contract to its existing Bitcoin-settled contract. On the other hand, the CME group plans to offer options on Bitcoin futures after receiving the necessary regulatory approvals.  Bitfinex cryptocurrency exchange is also planning to launch a slew of…

EOS Creator Block.One to Vote for Block Producers With 9.5% of Coins

Block.One, the firm that developed the EOSIO software, announced on Nov. 13 that it will begin participating in the election procedures for block producers (BPs) on the EOS blockchain. “Small, but significant EOS token holder” In its announcement, Block.One claims that it is a “small, but significant EOS token holder” since it holds less than 9.5% of the circulating supply. As such, Block.One holds nearly one-tenth of the voting decision power when it comes to electing BPs. The firm says that the portion of coins it holds will further decrease…

Crypto Market Cap And Bitcoin Under Pressure: BCH, BNB, EOS, TRX Analysis

The total crypto market cap is struggling to recover above the $235.0B resistance area. Bitcoin price is now trading well below the $9,000 and $8,960 resistance levels. EOS price is declining and it seems like it could revisit the $3.350 support area. Binance Coin (BNB) is still facing a lot of hurdles near the $21.00 and $21.20 levels. BCH price is approaching the main $285 and $280 support levels. Tron (TRX) price is correcting lower and it is now trading below the $0.0200 support. The crypto market cap and bitcoin…

Price Analysis 11/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

Bitcoin is at a critical level. Will it bounce off the current level or plummet below it? Let’s analyze the charts. The crypto markets are going through a phase of uncertainty with several cryptocurrencies failing to show a firm trend. This is because the markets lack a catalyst that can either pull prices higher or plunge them lower.  However, a developing catalyst could be the launch of the China-backed central bank digital currency (CBDC). Jack Lee, a founding partner at HCM Capital, believes that China’s central bank is ready and…

Top-5 Cryptos This Week: XTZ, ATOM, XLM, LTC, EOS

The top-performing cryptocurrencies of the past seven days are showing signs of bottoming out. Is it a good time to buy? Bitcoin (BTC) futures volumes have been consistently rising in the past few days. This shows that the interest of the institutional players has been gradually picking up.  A close study of the futures volume and price action can provide the experienced trader an insight into the likely direction of the markets. Increasing volumes with a sharp dip in price is a bearish sign as it indicates the initiation of…