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Author: NewsBTC

Bitcoin Price Analysis: BTC Acquires “Safe Haven” Status After Brexit Woes

All in all, Bitcoin prices are on an uptrend. Backing these are boosting fundamentals with investors anchoring their bullish hopes on Bakkt, the ICE subsidiary. The platform will make use of Microsoft technologies for expediency. Regardless, our previous trade plan holds true. Even with a modest three percent gain in the last week, we need

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Bitcoin Cash Price Analysis: BCH/USD Could Surpass $500-510

Key Points Bitcoin cash price is consolidating gains above the $470 support level against the US Dollar. There is a contracting triangle forming with support at $485 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may continue to consolidate before buyers make an attempt to surpass $500 and $510.

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EOS Price Watch: Bulls Getting Back on Their Feet

EOS Price Key Highlights EOS price appears to be forming a double bottom on its 4-hour time frame, signaling that the downtrend may be over. Price has also formed slightly higher lows to mark the start of an ascending channel on its 4-hour time frame. However, technical indicators are still reflecting the presence of selling

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Bitcoin (BTC) Price Watch: Short-Term and Long-Term Reversal Patterns

Bitcoin Price Key Highlights Bitcoin price has broken past the neckline of a short-term double bottom to signal that an uptrend is underway. Price is also in the middle of forming a longer-term double bottom visible on its 4-hour chart. Bitcoin has yet to test the neckline on this larger reversal formation at the $7,400

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Cryptocurrency Market Update: Siacoin Leading Monday Momentum

FOMO Moments Markets holding steady on Monday; Siacoin, Stellar, ReddCoin and 0x performing well. Cryptocurrencies are green this Monday morning on the Asian markets. The weekend recovery has held firm and the majority of cryptos are still rising. Market capitalization has remained above $225 billion and is still heading upwards at the time of writing.

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Stellar Lumens Price Analysis: XLM Soar as Altcoins Claw Back 2018 Losses

The recovery of altcoin prices can be attributed to a combination of technical and fundamental factors. Technically, EOS, Litecoin, Stellar Lumens, Monero and even Cardano are on a downtrend shedding more than 80 percent from 2017 peaks. Most noteworthy is the 96 percent slide in Cardano prices. History has it that recoveries are inevitable after

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Bitcoin Price Weekly Analysis: BTC/USD Turned Short-term Bullish

Key Points Bitcoin price traded higher and cleared the $6,580-6,600 resistance zone against the US Dollar. There is a key bullish trend line in place with support at $6,550 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is currently correcting lower, but it could find support near the $6,600

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Ethereum Price Weekly Analysis: ETH/USD Uptrend Is Intact

Key Highlights ETH price is trading with a positive bias above the $220 level against the US Dollar. There is a major bullish trend line formed with support at $224 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is currently struggling to break the $252 resistance and is correcting lower. Ethereum

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Crypto Market Surges $20 Billion With Positive Developments, Factors and Trends

“The bulls are coming… the bulls are coming,” cried crypto speculators as the market saw an unexpected resurgence on Thursday, with a majority of the foremost crypto assets posting gains that reminded many of 2017’s monumental bull run. Bitcoin, for one, saw a strong move above the $6,500 line of resistance, which triggered a five

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Bitcoin Price Watch: BTC Surges Above $6,600, Next Target $6,850

Key Points Bitcoin price is trading with a bullish angle above the $6,430 level against the US Dollar. There was a clear break above a major bearish trend line with resistance at $6,435 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair recently managed to surpass a major resistance near

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Ripple Price Analysis: XRP/USD Rally Looks Real, Next Target $0.52

Key Highlights Ripple price rallied sharply and broke the $0.4000 and $0.4600 resistances against the US dollar. There was a break above a key contracting triangle with resistance at $0.3350 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently consolidating gains above the $0.4400 and $0.4200 support levels

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Ethereum Price Analysis: ETH/USD Turned Buy on Dips

Key Highlights ETH price surged higher and broke a key resistance near $210 against the US Dollar. This week’s followed important bearish trend line was breached near $209 on the hourly chart of ETH/USD (data feed via Kraken). The pair traded towards the $230 level and it is currently correcting lower in the near term.

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