Category: Analysis

Bitcoin Cash Price Analysis: BCH/USD Extending Losses Towards $500

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Key Points Bitcoin cash price failed to recover above $550 and declined recently against the US Dollar. There is a crucial bearish trend line formed with resistance at $535 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to remain in a bearish zone and it could slide towards the $500 support. Bitcoin cash price is under pressure below $550 against the US Dollar. BCH/USD could accelerate losses towards the $500 and $480 support levels. Bitcoin Cash Price Analysis There was a slow…

BTC/USD Increasing Demand ahead of BCH Hard Fork

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Aside from regulatory involvement, uncertainty in other blockchains often draws demand for Bitcoin as a store of value. It did happen before and three days before Bitcoin Cash software upgrade, capital could flow into Bitcoin lifting prices above $6,600 igniting short term bulls aiming for $7,200. Latest Bitcoin News Still, Bitcoin Cash is one of the most fluid and valuable coin in the space. Though hash rates and decentralization levels pale in comparison with those of Bitcoin, it is still important to track its development. On Nov 15, a software…

XLM/USD, ADA/USD Gains Setting Pace for Inevitable Altcoin Price Recovery

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Even with ball park +75 percent losses from 2017 highs, the altcoin market is ripe for a reversal as XLM/USD and ADA/USD reject lower lows. Meanwhile, EOS/USD and LTC/USD are near important support levels and today could determine short term price trajectory. Let’s have a look at these charts: EOS/USD Price Analysis Back to back losses mean none of our trade conditions are live. However, a glance at the chart indicate that sellers are in charge and could drive prices below $5 triggering aggressive sellers into action aiming at $4.…

Market Still in Good Position; Real Crypto Volume 2x Larger

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Twitter Facebook LinkedIn In an interview on CNBC Crypto Trader hosted by Ran Neuner, Binance CEO Changpeng Zhao (CZ) stated that the crypto market and Binance are still in a good position even after nearly a year of downward price movement. Binance Maintaining Healthy Business Over the past 11 months, the cryptocurrency market has lost more than 70 percent of its valuation amidst the fourth biggest correction in its 10-year history. CZ stated that the volume of Binance is down nearly 90 percent since January due to the correction and…

Arbitrators Able to Reverse Transactions

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A screenshot circulating on social media has revealed a decentralized blockchain protocol EOS practicing authority over its network. AUTI9003, a pseudonym on Reddit, posted a photograph which demonstrated arbitrators on the EOS network in action, reversing confirmed transactions. A so-called judge referred verses from the EOS blockchain’s constitution to resolve a dispute between two account holders. The claimant accused an unidentified individual of possessing private keys to its EOS account via a phishing attempt. The user reached out to the EOS with his/her complaint and the network chose one Ben Gates…

Bitcoin Price Weekly Analysis: BTC/USD Remains At Risk Below $6,300

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Key Points Bitcoin price started a downside correction after climbing as high as $6,554 against the US Dollar. There was a break below a major bullish trend line with support at $6,420 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is currently at a risk of more losses below the $6,300 support area in the near term. Bitcoin price is under pressure below $6,400 against the US Dollar. BTC/USD could decline towards $6,280 or $6,250 if sellers remain in control. Bitcoin Price Analysis This…

Ethereum Price Weekly Analysis: ETH/USD Could Bounce Back To $220

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Key Highlights ETH price corrected lower sharply after trading above the $222 level against the US Dollar. There is a key bullish trend line in place with support at $208 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to move higher as long as it is above the $208 and $206 support levels. Ethereum price is consolidating recent losses versus the US Dollar and Bitcoin. ETH/USD may perhaps climb higher above $220 if it stays above the $206 support. Ethereum Price Analysis This past…

Bitcoin Cash Price Weekly Analysis: BCH/USD Could Extend Losses Below $520

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Key Points Bitcoin cash price started a major downside correction from the $635 swing high against the US Dollar. There is a key bearish trend line in place with resistance at $550 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair is currently trading in a bearish zone with an immediate support near the $530 level. Bitcoin cash price is under pressure below $550 against the US Dollar. BCH/USD could continue to move down towards the $500 or $480 level. Bitcoin Cash Price Analysis This…

Why Did BAT Lose 28% of its Value Overnight After Coinbase Listing?

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Twitter Facebook LinkedIn Since November 8, within a 48-hour period, Basic Attention Token (BAT) lost 28 percent of its value following a high profile Coinbase listing. On Friday, as CCN reported, BAT declined by around 20 percent against the US dollar. In the last 24 hours, BAT dropped by yet another eight percent, recording a 28 percent decline in value in a two-day span. The substantial drop in the price of BAT follows the official integration of the digital asset by Coinbase, the largest fiat-to-crypto exchange in the global market.…

$20 Trillion US Debt Will Inevitably Lead to Big Crypto Boom: Voorhees

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Twitter Facebook LinkedIn ShapeShift CEO Erik Voorhees has said that the growing debt of the US, which hovers at around $21.7 trillion as of November, will inevitably cause a big spike in crypto. “When the next global financial crisis occurs, and the world realizes organizations with $20 trillion in debt can’t possibly ever pay it back and thus must print it instead, and thus fiat is doomed. Watch what happens to crypto.” Voorhees suggested that to repay the national debt, the government and the federal reserve will be forced to…