Bitcoin price is currently consolidating above the $7,200 and $7,150 support levels against the US Dollar. The price is likely to climb higher again unless there is a daily close below $7,000. There is a key bearish trend line forming with resistance near $7,240 on the hourly chart of the BTC/USD pair (data feed from... The post appeared first on NewsBTC.
The total crypto market cap is holding an important support area near the $185.0B level. Bitcoin price is struggling to continue higher and trading close to the $7,200 support. EOS price is down 2% and it is now trading near the $2.600 support area. Binance Coin (BNB) is down 3% and it failed to stay... The post appeared first on NewsBTC.
Ethereum is down around 4% from the $138 high and tested the $130 support against the US Dollar. The price is currently consolidating above the $130 support, with a few bearish signs. There is a connecting bearish trend line forming with resistance near $132 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin... The post appeared first on NewsBTC.
Blockchain startup Hedera Hashgraph (HBAR) are facing flak on Twitter. Some reports have claimed nodes have been dropped and there are accusations of bullying its community into not using the Hedera logo. This article has been updated based on a brief correspondence with Hedera's SVP of Communication. Hedera Says Its Nodes Aren't Offline This morning... The post appeared first on NewsBTC.
Bitcoin has continued trading sideways within the lower-$7,000, with this latest bout of consolidation coming about after a failed attempt by BTC's bulls to spark a rally yesterday. Bull's inability to sustain any significant upwards momentum points to underlying weakness amongst buyers and may signal that further losses are imminent. It is important to note... The post appeared first on NewsBTC.
If you've been on Crypto Twitter at all over the past few weeks, you've likely seen Peter Schiff claim that Bitcoin (BTC) is on the verge of returning to irrelevancy. More specifically, he wrote in a tweet published in November that per his analysis of the charts, there's a possibility that the leading cryptocurrency could... The post appeared first on NewsBTC.
Despite the lackluster price action seen by Bitcoin over the past several days, Ethereum (ETH) has been able to climb back above its previous resistance level at $130 and find some decent buying pressure at this price region, which has come about after an extended period of trading sideways just above its key support level... The post appeared first on NewsBTC.
For years now, Bitcoin investors have been saying that once the money managers and institutional investors of the world take up positions in in the crypto asset, the price will soar to levels currently unthinkable. However, such an influx of capital is yet to occur. For at least one digital currency analyst, this is "odd",... The post appeared first on NewsBTC.
Yesterday proved to be a positive day for many cryptocurrencies, as Bitcoin's fleeting rally allowed most major altcoins to post gains of 3% or more. XRP, which has been struggling to gain momentum over the past few days, attempted to break back into the $0.20 region, although the resistance at this level proved to be... The post appeared first on NewsBTC.
A misguided euphoria rising from the "phase one deal" between the US and China could help bitcoin becoming one of the most profitable investments in 2020. The offbeat asset has been pursuing a flat trajectory ever since Washington and Beijing reached an initial agreement. It spent its entire December in a tight range defined by... The post appeared first on NewsBTC.
