Tag: Support

Bullish Bitcoin Price Trend Intact Even After BTC Retests $11.4K Support

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 Bitcoin (BTC) price swiftly fell to $11,322 after reaching a daily high at $11,909 The drop came as U.S. jobless claims fell to $1.2 million but lawmakers inability to reach a deal on the next coronavirus stimulus package has worried some investors Despite the pullback to the $11.4K support, Bitcoin price remains in an uptrend  Crypto market daily price chart. Source: Coin360 Earlier today Bitcoin (BTC) price abruptly dropped to $11,322 after topping out at $11,909. The mild correction came as U.S. jobless claims fell to 1.2 million and U.S.…

A Visit to This Crucial Support Region Could Start Bitcoin’s Next “Moon Mission”

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Bitcoin has faced some turbulence throughout the past couple of days. Following the benchmark cryptocurrency’s firm rejection at $12,000 this past weekend, it has largely been consolidating within the lower-$11,000 region. Yesterday, however, bulls attempted to spark a fresh leg higher. They sent BTC to highs of $11,500 before losing their momentum. From here, it retraced back to its $11,000 support level. This recent price action has resulted in the formation of a bearish “head and shoulders” pattern that can be seen while looking towards the cryptocurrency’s 4-hour chart. This…

Bitcoin Support at $10.5K Could Push Price Towards 2019 High: Analyst

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Bitcoin price hit a year-to-date high at $12,134, notching a new milestone in a bull run that started in March 2020. The benchmark cryptocurrency, nevertheless, underwent a “flash crash” minutes after topping out. Its price fell towards $10,500, a support level that earlier served as resistance during the Bitcoin’s uptrend. Analysts at TradingShot.com now expects the price to bounce back towards $12,000 to retest 2019 high. Bitcoin price could hit the 2019 peak level moving forward, according to analysts at TradingShot.com. Bitcoin’s $10,500-Support The trading signals provider stated in its…

TikTok Launching Fund Worth Over $2 Billion to Support Its Creators

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TikTok has decided to support the next generation of content creators on its platform with a $2 billion TikTok Fund. Chinese video-sharing and social networking platform TikTok has announced the launch of its Creator Fund that is meant to motivate its content creators. According to a blog posted on its official website, the company said that it expects this Fund to grow to over $1 billion in the U.S. in the next 3 years, and more than double that globally. This is an ambitious plan that is seen to take…

Austrian Telecom Giant Enables Bitcoin Payment Support

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Customers of A1 Telekom subsidiary will now be able to make crypto payments based on a recent collaboration with the Austrian crypto payments processor, Salamantex. Bitcoin and Other Cryptocurrencies Accepted on A1 Payment The company made the announcement via a press release on Monday (July 27, 2020). According to the release, the inclusion of cryptocurrencies on the A1 payment platform gives companies more alternatives to conduct payment transactions.  A1 payment’s existing solutions enabled users to carry out payment transactions using mainstream credit cards as well as online operators like China’s…

DeFi Token LEND Breaks Parabola Support; More Losses Ahead?

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LEND, the native token of non-custodial lending platform Aave, fell almost 40 percent from its year-to-date top of $0.384. The plunge followed a steep 2,000 price rise that occurred amid a hype-oriented boom in the decentralized finance sector. Technical indicators, coupled with a rally in proof-of-work tokens, now suggest that the LEND downtrend may continue. Aave’s LEND token surged by more than 2,000 percent in 2020. But its rally is appearing to come to an end. After topping at near $0.384 earlier in July, the LEND/USD exchange rate corrected lower…

ESPN Global to Launch Blockchain Gaming Platform with Support for Bitcoin Payments

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ESPN Global has integrated online gaming with blockchain technology to launch a gaming platform that enables individuals to earn cash by winning battles and tournaments. The soon-to-be-launched gaming platform will also allow players to make deposits and withdrawals using bitcoin (BTC), according to a press release issued on July 23, 2020. Another Step toward Bitcoin Adoption ESPN Global Corporation Ltd. run ESPN Global recently unveiled a blockchain technology-powered gaming platform that will let players make deposits and withdrawals in BTC and other cryptocurrencies. The gaming platform, which ESPN calls a…

Bitcoin Price Holds Key Support and Is on the Verge of Testing $10,000

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Recently, the price of Bitcoin (BTC) has been showing virtually zero volatility. This volatility decreased particularly as of late while Bitcoin was resting on the crucial support level of $9,000. But on July 21 Bitcoin finally made a sudden move, as expected in the latest analysis, and the price surged from $9,100 to $9,400. So is volatility back or is this just nothing more than a blip? Let’s take a closer look. Crypto market daily performance. Source: TradingView Crucial support of $9,000 holds for support The price of Bitcoin held…

Bitcoin Could Soon Fall to the $7,000s as Price Loses Pivotal Support

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Despite volatility in global stock markets, Bitcoin has remained relatively stagnant over recent days. Case in point: FTX’s BVOL token, which tracks volatility, is reaching all-time lows. Further corroborating this, the Bitcoin Bollinger Bands are at lows not seen since November 2018, just days before the 50% crash to the $3,000s. Yet technicals show that the asset may be primed to see a correction to the $7,000s. Related Reading: PSA: There’s A Crypto Scam on Youtube Misappropriating Cardano Content Bearish Ichimoku Cloud Analyses Predict Bitcoin Will Soon Plunge Bitcoin may be…