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Despite Bitcoin's Key Technical Correction, The 100 SMA Can Trigger A Fresh Rally
02/14/2020 05:18
Bitcoin started a downside correction from the $10,500 area against the US Dollar. BTC declined below $10,200, but it is still holding the key 100 hourly SMA. Bitcoin price failed to climb above $10,500 and corrected lower against the US Dollar. There was a sharp dip below the $10,200 level before the bulls protected the...
Ripple (XRP) Approaching Next Crucial Break: Here's Why $0.35 Holds Key
02/14/2020 04:08
Ripple surged higher and climbed above the $0.3200 resistance area against the US Dollar. However, XRP price is now facing a strong resistance near the $0.3400-$0.3500 area. Ripple price surged to a new 2020 high at $0.3399 before correcting lower against the US dollar. The price is now consolidating gains above the $0.3150 support area....
Ethereum Takes a Bit Hit But Uptrend Intact Above This Support
02/14/2020 03:08
Ethereum jumped to a new 2020 high at $278 before correcting lower against the US Dollar. ETH is now consolidating and it is likely to continue higher above $275. Ethereum seems to be struggling to clear the $275 resistance area against the US Dollar. The price is currently consolidating gains above the $260 support area....
Bitcoin Is on the Brink of a Far Reaching Selloff if it Breaks $9,600
02/14/2020 01:00
Bitcoin's wild 2020 rally may currently be over extended, suggesting that the crypto could soon see a notable retrace that leads BTC to erase some of the gains it has posted over the past couple of weeks. Analysts believe that this next drop could send Bitcoin reeling back into the lower-$8,000 region before it finds...
XRP Flash Crash: How One Crypto Trader's Tragedy Is Another's Gain
02/13/2020 23:00
Overnight last night, the price of XRP flash crashed as low as 13 cents on the popular margin trading platform BitMEX. Widespread complaints made waves across the crypto community, as traders who were long XRP on the exchange were liquidated, losing their funds. But there are always two sides to every trade, and those who...
Why Popular Bitcoin Investor 'Pomp' Might Have Been Suspended From Twitter
02/13/2020 22:00
Twitter has suspended the account of Bitcoin advocate Anthony "Pomp" Pompliano. The social networking site claims Pompliano violated one of its terms of service. It's not immediately clear which Twitter rule the co-founder of Morgan Creek Digital Assets and podcaster broke. However, some have linked a tweet that Pomp tagged US President Trump and presidential...
Historic Bitcoin Cycle Suggests No New All-Time High Until 2021
02/13/2020 21:00
Markets are cyclical, and history often repeats.  And if the bear to bull cycle from 2014 through 2017 is any indication, Bitcoin could have as much as another full year before the cryptocurrency revisits its all-time high. Comparing Previous Cycles With the Current Bear and Bull Markets The crypto market at large is widely convinced...
Pro-Crypto Federal Reserve Nominee Grilled Ahead of Senate Vote
02/13/2020 20:00
The Senate Banking Committee hearing, held today, will decide the fate of Trump's latest nominees to the Federal Reserve's Board of Governors.  Judy Shelton, known for her unorthodox views, including hints of support for the crypto asset industry, is amongst them. Shelton is a proponent of a system like the gold standard. However, she also...
Bitcoin and Altcoins Flash Signal That The Crypto Rally Is Coming to A Finish
02/13/2020 19:00
The crypto rally of 2020 is one for the history books already, with Bitcoin and altcoins rallying well over 50% year-to-date, and in some cases, specific crypto assets are up well over 1,000%. But the outrageous and irrational rally could be coming to an end soon if sell signals flashing across the market trigger a...
Bitcoin is About to Test a Crucial Support Level After Intense Overnight Volatility
02/13/2020 17:00
Bitcoin (BTC) found itself caught in the throes of intense volatility over the past several hours, with its recent bout of sideways trading within the mid-$10,300 region resulting in a major overnight drop down towards $10,000. Bulls were able to push Bitcoin slightly higher after this drop occurred, with buyers ardently attempting to defend the...
 
 


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