Key Points Bitcoin price broke the $6,540 and $6,520 support levels to move into a bearish zone against the US Dollar. Yesterday’s highlighted important contracting triangle was breached with support at $6,520 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair tested the $6,400 support level and it is currently…
Key Points Bitcoin price is trading in a tight range above the $6,540 support against the US Dollar. There is a key contracting triangle in place with support at $6,545 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is poised to make the next move either above $6,610 or…
Key Highlights ETH price remained in a tight range above the $222 and $223 support levels against the US Dollar. Yesterday’s highlighted key bullish trend line is intact with support at $224 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to climb higher slowly and it could even surpass…
Key Points Bitcoin cash price found support above the $500 level and started an upward move against the US Dollar. Yesterday’s highlighted connecting bearish trend line with resistance at $535 was breached on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to continue higher towards the $560 and…
A report authored by three Deloitte analysts explains the barriers to blockchain adoption and how the “five vectors of progress” may help companies lower the cost and risk of deploying and exploring the technology. Deloitte Report Analyzes Falling Barriers to Widespread Adoption of Blockchain As a means of processing transactions, blockchain-based systems have been comparatively…
Price analysts and charting experts are conflicted as to whether or not the recent price rise and persisting stability for Bitcoin and the general cryptocurrency markets signals growing strength or represents the calm before the storm. One charting expert believes that the technical damage done to Bitcoin over the past nine months will take several…
Key Points Bitcoin price is placed well above the $6,440 support level against the US Dollar. There is a crucial bullish trend line formed with support at $6,540 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to break the $6,625 and $6,665 resistance levels to trade further…
Key Highlights ADA price is trading above the $0.0840 support and the 100 hourly SMA against the US Dollar (tethered). There is a major bullish trend line formed with support at $0.0840 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair could correct lower in the short term towards $0.0800…
Key Highlights Ripple price gained traction and traded above the $0.6000 resistance against the US dollar. There is a key bullish trend line in place with support at $0.5555 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could correct lower, but dips towards $0.5500 and $0.5400 remains supported. Ripple…
Key Points Bitcoin price failed to break the $6,800 resistance recently and declined against the US Dollar. There is a major bullish trend line in place with support at $6,400 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $6,400 and $6,380 support levels to remain…