Market

Key Bullish Technical Signal Predicts Bitcoin Price Is Approaching $12,000

28/05/2019 - huy
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The minor bitcoin price rally which Bloomberg initially rejected as an April Fools’ joke has metamorphosized into a laughter riot.

Bitcoin Breaks $8,000 for First Time Since July 2018, Stocks and Oil Report Losses

14/05/2019 - huy
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Monday, May 13 — Following a solid to break above the $7,400 mark earlier today, bitcoin (BTC) has broken $8,000, with all top-20 cryptocurrencies trading in the green.

Bitcoin, Ethereum, Stellar: Price Analysis May 2

02/05/2019 - huy
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The bulls have been defending the 20-day EMA for the past few days, but have been unable to propel Bitcoin (BTC) higher. This shows a lack of demand at higher levels as the digital currency nears the stiff resistance zone of $5,600–$59,00. However, both the moving averages are trending up, which suggests that the bulls still hold the advantage. Above $5,400, the bulls will again try to carry the price to the overhead resistance zone.

Bitcoin, Ethereum, Stellar: Price Analysis April 25

25/04/2019 - huy
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Bitcoin (BTC) is currently facing some resistance close to $5,600. However, both the moving averages are trending up and the RSI is still close to overbought levels. This shows that the bulls are in charge. On the upside, a breakout of $5,600 can propel the price to the next critical zone of $5,674.84–$5,900. We anticipate the bears to defend this zone. Hence, traders can book partial profits on their remaining long positions above $5,600 and keep the stop loss on the rest at $4,800.

Bitcoin, Ethereum, Stellar: Price Analysis April 23

23/04/2019 - huy
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Bitcoin (BTC) is trading close to the overhead resistance of $5,404.82. A breakout of this level can push the price towards the next overhead resistance zone of $5,674.84–$5,900. We anticipate a stiff resistance at $5,900, hence, traders can book profits on 50% of their remaining long positions above $5,600 and keep the stop loss on the rest at $4,800. Both the moving averages are trending up and the RSI is close to the overbought zone, which confirms that the bulls are in command.

Bitcoin, Ethereum, Stellar: Price Analysis April 11

11/04/2019 - huy
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After a minor correction on April 9, Bitcoin (BTC) is attempting to resume its recovery. Both the moving averages are sloping up and the RSI is in the overbought zone. Deeply overbought readings on the RSI warn that the up-move is getting overextended. However, if such a reading is seen during the rally after an extended downtrend, it suggests that the bulls are unwilling to book profits after a short upswing and a trend change is in the offing.

Bitcoin, Ethereum, Stellar: Price Analysis April 09

09/04/2019 - huy
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Bitcoin (BTC) momentarily ascended above $5,300 but failed to sustain. However, it has been gradually moving up for the past four days even though the RSI is deeply overbought. This is a bullish sign. If the price does not correct within the next few days, the traders waiting to buy the dip will be forced to go long at higher levels or miss out on the opportunity. Hence, a rally to $5,900 looks plausible. The uptrending moving averages show that the bulls are firmly in command.

Crypto Market Rally Continues With Bitcoin Above $4,900, Tech Stocks Bounce Back

03/04/2019 - huy
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The leading cryptocurrency Bitcoin (BTC) is holding its gains following a rally last night, with other major cryptocurrency markets registering solid growth as well.

Bitcoin, Ethereum, Stellar: Price Analysis April 2

02/04/2019 - huy
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Bitcoin (BTC) is inching towards the overhead resistance of $4,255. The bulls have failed to break out of this resistance twice earlier, hence, we expect the bears to defend this level with full force.

Ethereum May Surge 35% to $200 in Near-Term; What Will Fuel It?

01/04/2019 - huy
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Throughout the past month, the price of Ethereum (ETH) increased from $126 to $140, by more than 11 percent against the U.S. dollar.

Bitcoin, Ethereum, Stellar: Price Analysis, March 26

26/03/2019 - huy
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Bitcoin (BTC) has been trading close to $4,000 for the past few days. This small range trading is unlikely to continue for long. We anticipate a large range move within the next few days.

BITCOIN PRICE ANALYSIS: BTC BREAKTHROUGH MEANS $5,000 NOW IN THE CARDS

22/03/2019 - huy
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After peppering the $4,000 price point for days, Bitcoin price closed over above the $4k barrier for the first time in March. Let’s take a closer look at the price action to see it there is any sign that this time the price level can be maintained.

Bitcoin, Ethereum, Stellar: Price Analysis, March 21

21/03/2019 - huy
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Bitcoin (BTC) has been trading in a tight range between $3,950 and $4,035 for the past three days. Usually, a tight consolidation is followed by a range expansion. We expect the bulls to propel the price towards the overhead resistance of $4,255. This level will also act as a stiff resistance. But if the digital currency breaks out and sustains above $4,255, it will complete a double bottom pattern that has a target objective of $5,273.91.

Bitcoin, Ethereum, Stellar: Price Analysis, March 19

19/03/2019 - huy
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Ethereum (ETH) co-founder Joseph Lubin expects the global economy to grow 10 times in the next 10 to 20 years, powered by the mass use of blockchain technology. According to him, the current condition of the nascent space is similar to the use of email in 1983, when only a handful of early adopters were using it.

Bitcoin, Ethereum, Stellar: Price Analysis, March 14

14/03/2019 - huy
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Barclays internet analyst Ross Sandler believes that a cryptocurrency by Facebook could add $19 billion to its revenue by 2021. If that happens, it will help expand the reach of cryptocurrencies and will be a major sentiment booster for the whole sector.

Bitcoin, Ethereum, Stellar: Price Analysis, March 7

07/03/2019 - huy
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Crypto companies are attracting talent from traditional industries. This shows that firms in the crypto space are preparing for the long-term, undeterred by the current bear market. Similarly, traditional companies are attempting gain footing in the crypto space. Ernst & Young, one of the Big Four auditing firms, has come up with a tool for calculating taxes on crypto holdings. The software will cater to both institutional and retail clients.

Bitcoin Lights First Green Candle in 8 Months: Has Accumulation Begun?

02/03/2019 - huy
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For the first time in eight months since July 2017, Bitcoin has recorded a green monthly candle on its 1-month price chart.

Bitcoin, Ethereum, Stellar: Price Analysis, Feb. 26

26/02/2019 - huy
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A bottom formation after a long bear market is not a linear process. At various intervals, we are likely to witness spurts of buying and selling as the bulls and the bears attempt to establish their supremacy. After a smart recovery from the lows, when it looked like the bears had surrendered, came the plunge on Feb. 24, that wiped off about $15 billion from the total market capitalization within a few minutes.

What are the Possibilities of Bitcoin hitting $4000 in the Next 24hrs?

20/02/2019 - huy
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Perhaps the bulls have returned, perhaps they haven’t. Either way, the big bulls has intensified its momentum in many ways than one. In trading price, volume and market capitalization, Bitcoin has increased by more than 5% since the week began.

Daily Volume Reaches New 2019 High in Monday Crypto Rally

19/02/2019 - huy
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Following a week of inactivity crypto markets are finally moving again this Monday. A rally which started a few hours ago has seen daily volume increase to $26 billion which marks a new high for 2019.