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Bitcoin (BTC) Price Could Accelerate If It Breaks $10,600
08/19/2019 07:00

Bitcoin price rebounded recently and climbed above the $10,200 resistance against the US Dollar. The price is currently trading nicely above $10,300, but facing hurdles near $10,500 and $10,600. There is a connecting bullish trend line forming with support near $10,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price...

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Crypto Market and Bitcoin Approaching Resistance: BCH, EOS, TRX, ADA Analysis
08/19/2019 06:00

The total crypto market cap is climbing higher towards the key $272.0B and $275.0B resistance. Bitcoin price is also approaching the main $10,500 resistance area. EOS price is up more than 5% and it may soon test the $3.850 resistance area. BCH price is recovering and it may break the $320 resistance level in the...

The post Crypto Market and Bitcoin Approaching Resistance: BCH, EOS, TRX, ADA Analysis appeared first on NewsBTC.

Ripple Price (XRP) Rebounding Nicely As Bitcoin Holding Above $10.2K
08/19/2019 05:08

Ripple price is currently trading with a positive bias above $0.2750 against the US dollar. Bitcoin price climbed above the $10,200 and $10,300 resistance levels to start a decent recovery. There is a key bullish trend line forming with support near $0.2700 on the hourly chart of the XRP/USD pair (data source from Kraken). The...

The post Ripple Price (XRP) Rebounding Nicely As Bitcoin Holding Above $10.2K appeared first on NewsBTC.

Ethereum Price (ETH) Facing Key Resistance: Can Bulls Overcome $200?
08/19/2019 04:08

ETH price recovered recently and managed to climb above the $190 resistance against the US Dollar. The price is now trading nicely above the $190 and $192 resistance levels. There is a connecting bullish trend line forming with support near $188 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely...

The post Ethereum Price (ETH) Facing Key Resistance: Can Bulls Overcome $200? appeared first on NewsBTC.

Grayscale's Bitcoin Premium Suggests BTC Still Overvalued at $10,400: Analyst
08/19/2019 00:30

While Bitcoin (BTC) is still not decidedly in an uptrend, it is doing a lot better than it was a bit earlier this week, when the cryptocurrency cratered to $9,500 in a massive -8% day. One model, however, suggests that the pain isn't over for the cryptocurrency market just yet. Hold on to your hats! Related...

The post Grayscale's Bitcoin Premium Suggests BTC Still Overvalued at $10,400: Analyst appeared first on NewsBTC.

Litecoin May Soon Surge Despite Selling Pressure and Recent Dusting Attack
08/18/2019 22:30

Litecoin has been wrapped in negative sentiment as of late, which has primarily been rooted it its lackluster price action following its recent halving event and a recent dusting attack that impacted nearly 300,000 LTC addresses on Binance. Despite the dwindling optimism surrounding LTC, analysts are now cautiously noting that the cryptocurrency may be nearing...

The post Litecoin May Soon Surge Despite Selling Pressure and Recent Dusting Attack appeared first on NewsBTC.

Bitcoin as a Safe Haven: Yet Another Recession Indicator Flashes
08/18/2019 21:30

For the umpteenth time in a matter of weeks, a recession indicator has started to flash. Bitcoin, which has begun to be classified as a "safe haven" asset, may stand to benefit from such a move in traditional financial markets. Related Reading: Bitcoin Dropping Under High $8,000s Now "Highly Unlikely": Here's Why Recession Inbound; Bitcoin...

The post Bitcoin as a Safe Haven: Yet Another Recession Indicator Flashes appeared first on NewsBTC.

Bitcoin May Be Laying the Groundwork for a Trend Reversal
08/18/2019 20:30

Following Bitcoin's recent plunge into the mid-$9,000 region, the cryptocurrency has been able to post a strong and sustainable bounce that has allowed it to secure a foothold within the mid-$10,000 region. Now, analysts are noting that BTC may be laying the groundwork for a reversal of its recent downtrend, which means how it reacts...

The post Bitcoin May Be Laying the Groundwork for a Trend Reversal appeared first on NewsBTC.

Bitcoin Dropping Under High $8,000s Now "Highly Unlikely": Here's Why
08/18/2019 10:00

Despite the fact that Bakkt finalized a launch date for its much-ballyhooed Bitcoin futures, the cryptocurrency market has failed to rally. Per the time of writing this, the leading crypto asset is currently trading for $10,150 a piece, down 2% in the past 24 hours. Altcoins have followed suit, posting near-identical losses as bulls have...

The post Bitcoin Dropping Under High $8,000s Now "Highly Unlikely": Here's Why appeared first on NewsBTC.

 
 


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