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Author: NewsBTC

Bitcoin (BTC) Price Watch: Reversal Pattern Confirmation on SEC Order

Bitcoin Price Key Highlights Bitcoin price looks ready to confirm its double bottom reversal formation as it tests the neckline. A break higher could lead to a rally that’s the same height as the chart formation, which spans $6,100 to $6,650. Technical indicators, however, are reflecting bullish exhaustion. Bitcoin price could be due for an

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Bitcoin Cash Price Analysis: BCH/USD Breaks Above Key Resistance

Key Points Bitcoin cash price rallied and broke a major resistance near $440 against the US Dollar. Yesterday’s highlighted important bearish trend line was breached at $435 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently correcting lower, but dips near $445 and $440 remains well supported. Bitcoin

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EOS Price Analysis: EOS 1.3.0 Release Outshines NewDEX Hack, EOS Stable

Overly, EOS price analysis point to recoveries and EOS is technically stable following yesterday’s four percent gain. Not to be derailed by dApps vulnerabilities from NewDEX, EOS traders should look at on-chain developments following the recent EOS 1.3.0 release. The upgrade seeks to strength the network aside from making it easy for full nodes to

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Cardano Price Analysis: Altcoins Clip Bitcoin Dominace as ADA Adds $300 Million

Today’s focus is on the price of Cardano, which appears to be bottoming out. Like developments in Tron and Litecoin, it’s clear that there is a rejection of lower lows and behind these rejections are high volumes moving prices across wide ranges. If Cardano edge higher, then odds are Litecoin, Stellar Lumens, IOTA and Tron

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Charlie Lee Addresses FUD on Twitter to Prove Litecoin’s Worth

As the cryptocurrency market comes under attack from numerous sources of FUD (fear, uncertainty, doubt), Litecoin founder Charlie Lee has taken to Twitter to defend the value and legitimacy of the LTC coin. Lee summarized the “concerted effort to suppress Litecoin price” in 10 points in order to clear them up. Litecoin Valuable for Its Secure

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$60 Mln Crypto Exchange Hack in Japan had no Impact on Bitcoin Price

Another hacking attack has hit a known crypto exchange in Japan, and this time, thieves managed to steal around $60 million in crypto. Another Crypto Exchange Hack The popularity of attacks on crypto exchanges seemingly continues to grow, with another such exchange being hit just recently, in Japan. It is largely believed that such incidents

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Cryptocurrency Trading Update: Have Crypto Markets Reached The Bottom?

FOMO Moments Markets are stagnant this Thursday; FunFair and WAX rising, Maker and Monacoin falling. There has been very little market movement over the past 24 hours. The good news is that the movement that has happened has been positive and markets have just crept back above $200 billion total capitalization. Bitcoin is up less

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Bitcoin Price Watch: BTC/USD Preparing for Next Upside Wave

Key Points Bitcoin price recently dipped and then rallied above the $6,400 level against the US Dollar. There was a break above two bearish trend lines with resistance at $6,320 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently correcting lower, but it remains supported near the $6,320-00

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Ripple Price Analysis: XRP/USD Signaling Upside Extension

Key Highlights Ripple price surged higher recently and broke the $0.3200 resistance level against the US dollar. There is a major contracting triangle in place with resistance at $0.3300 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could correct a few points, but it remains supported above the $0.3100

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Cardano Price Analysis: ADA/USD Eyes Upside Break above $0.075

Key Highlights ADA price is trading nicely above the $0.0650 support area against the US Dollar (tethered). There is a key bullish trend line in place with support at $0.0700 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to move higher above the $0.0740 and $0.0750 resistance

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Ethereum Price Analysis: ETH/USD Under Pressure Below $216

Key Highlights ETH price is struggling to break the $214-216 resistance zone against the US Dollar. Yesterday’s highlighted important bearish trend line is active with resistance at $212 on the hourly chart of ETH/USD (data feed via Kraken). The pair has to break the trend line and the $216 resistance zone for more gains in

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Ethereum (ETH) Price Watch: Still Waiting for a Triangle Breakout

Ethereum Price Key Highlights Ethereum has formed lower highs and higher lows to create a symmetrical triangle pattern on its 1-hour chart. Price is currently bouncing off support and might be due for another test of the top. Ethereum is also nearing the peak of the triangle pattern so a breakout might take place anytime

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