Ripple’s XRP has been consolidating within a narrow trading range for over the past month. The price action of this cryptocurrency is mostly contained between the $0.192 support level and the $0.212 resistance.Throughout this stagnation phase, the Bollinger bands were forced to squeeze based on XRP’s 1-day chart. Squeezes are indicative of periods of low…
Bitcoin got a special mention in a journal penned by Paul Britton, the CEO & Founder of Capstone Investment Advisors.The hedge fund manager recommended asset allocators to think about alternatives to government bonds, such as “cryptocurrencies.”The statement took cues from the sovereign assets’ inability to insure 60/40 portfolios after the Federal Reserve slashed interest rates…
Bitcoin is trading in a tight range above the $9,640 support against the US Dollar. BTC price is likely to surge higher if it clears the $9,800 and $9,880 range resistance levels.Bitcoin is trading in a positive zone above the $9,640 and $9,600 support levels.The bulls are likely aiming an upside break above the $9,880…
Ethereum rallied so far and fast in 2017 that there was a point at which analysts were expecting the market capitalization of ETH to flip that of Bitcoin. Fittingly, this event was dubbed the “flippening.”But since the 2018 all-time high, the cryptocurrency has deflated massively. One Ethereum used to buy close around 0.15 BTC, but…
Ethereum started a fresh increase from the $235 zone against the US Dollar. ETH price is now trading nicely above $240, but it is still struggling to gain momentum above $245 and $250.Ethereum is trading well above the $240 support and the 100 hourly simple moving average.The price must surpass the $245 and $250 resistance…
Ripple is currently consolidating above the $0.2000 support against the US Dollar. XRP price is likely to start a strong increase above $0.2100 as long as it is above the 100 SMA (H4).Ripple price is currently trading nicely above the main $0.2000 support zone against the US dollar.The price is facing a few key resistances…
Bitcoin is surging and it recently tested the $9,400 support area against the US Dollar. BTC price is likely to continue higher towards $10,000 as long as it is above the 100 hourly SMA.Bitcoin is showing positive signs above the $9,650 and $9,700 levels.There was a sharp rebound after the price declined towards the $9,400…
Ethereum is trading nicely above the $240 and $230 support levels against the US Dollar. ETH price seems to be preparing for a strong surge above the $250 and $255 resistance levels.ETH price is trading in an uptrend above the $230 support zone against the US Dollar.A successful close above the $250 level could trigger…
Spot bitcoin fell was down 1.32 percent at $9,659 per token ahead of the New York opening bell Friday.Bitcoin futures slid 1.82 percent to $9,715.The move downhill appeared as the U.S. futures headed higher following jobs report at 0830 ET.Bitcoin prices eased ahead of hugely awaited U.S. jobs report on Friday as investors pinned their…
Bitcoin bulls eye a $20,000 yearly close against the Federal Reserve and the European Central Bank’s expansionary policies.Dan Morehead, the CEO of Pantera Capital, noted that the bitcoin market is already outperforming other assets since the Fed launched an unlimited bond-buying program in March 2020.With ECB following a similar quantitative easing policy, it could prove…