Cryptocurrency Analysis and News Portal
According to JPMorgan managing director Nikolaos Panigirtzoglou, the activity of the CME bitcoin futures contract has increased in the past year. It indicates that the demand for BTC and new options contract for the dominant cryptocurrency is high.Institutional demand for bitcoin is critical in long-termThe cryptocurrency market has grown throughout
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Bitcoin could establish a new all-time high above the $20,000 level in 2020 as it hits crossroads with a bias-defining indicator.The benchmark cryptocurrency’s latest move uphill prompted it to retest its 20-weekly moving average on Wednesday. The technical indicator is conclusively accurate when it comes to defining bitcoin’s long-term trends.
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Ripple is grinding higher above $0.1950 against the US Dollar, whereas bitcoin and Ethereum surpassed key hurdles. Therefore, XRP price is likely to climb above $0.2000 and $0.2100.Ripple price is showing positive signs above the $0.1920 resistance against the US dollar.Bitcoin rallied above $7,500, opening the doors for more gains
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Ethereum’s search decline is slightly worse than Bitcoin’s.Roughly 96% of search interest originating from the United States has disappeared.A glance at ETH’s developer count reveals a silver lining for Ethereum.Nearly two years on from Ethereum’s all-time high, Google search interest for the No.1 altcoin has plunged 96%.Ethereum Popularity Nosedives Along
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The bitcoin price plunged on Tuesday after facing another strong rejection from a psychological resistance area. The leading cryptocurrency established a new intraday low near $7,274, down 5.11 percent from the local high of $7,552.92. The move downhill reasserted the $7,500-7,600 range as a crucial wall standing before bulls. The area has
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Ethereum is approaching the main $152 and $155 resistance levels against the US Dollar.The price is likely to rally significantly once there is a clear break above $152.There is a key bullish trend line forming with support near $148 on the hourly chart of ETH/USD (data feed via Kraken).The price
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The total crypto market cap is forming a major breakout pattern with resistance near $195.0B.Bitcoin price is slowly rising and it seems like it could climb above the $7,400 resistance.Binance coin (BNB) price is holding the $15.00 support and it is correcting higher.Litecoin (LTC) price is attempting a break above
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Bitcoin cash price is up around 10% from the $200 support area against the US Dollar.The price is currently consolidating gains and it seems to be setting up for more gains above $225.There is a short term declining channel forming with resistance near $222 on the hourly chart of the
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Bitcoin price is down 6% and tested $7,400 (discussed in the medium term outlook) against the US Dollar.The price is showing no signs of a strong recovery and remains at a risk below $7,800.There is a key contracting triangle forming with resistance near $7,650 on the hourly chart of the
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Ripple price is currently correcting higher and is trading above $0.2520 against the US dollar.The price seems to be approaching a major resistance area near the $0.2600 level.This week’s crucial bearish trend line is intact with resistance near $0.2600 on the hourly chart of the XRP/USD pair (data source from
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