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Even with further losses, Bitcoin is technically performing much better than in its 2015-17 bull phase, says Peter Brandt. Bitcoin (BTC) price dropped below $10,000 Aug. 15 as another day of losses sent the largest cryptocurrency back to four figures. Market visualization. Source: Coin360 Analysts shake off bearish Bitcoin signalsData from Coin360 tracked Bitcoin’s decline through Thursday, which followed a previous day’s downward momentum. In total over the past 48 hours, BTC/USD has fallen around 15%. At press time, support at $9,500 appeared intact, with markets bouncing off those levels to trade around $9,800. Bitcoin 7-day price chart. Source: Coin360 Bitcoin price had shown signs of a fresh retraction following its latest move above $12,000 on the back of geopolitical uncertainty focused on the United States and China. As those tensions lessened, so Bitcoin began reversing its gains. For the time being, as Cointelegraph reported, analysts remain confident. Adding to those v..
Bitcoin has broken down of a tight range. Will it weaken sentiment and drag a few major altcoins to new yearly lows? Let’s analyze the charts. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Nicholas Colas, co-founder of DataTrek Research, believes that the performance of Bitcoin in the past few days shows that it is working like a geopolitical turmoil indicator. He points out that Bitcoin predicted Hong Kong protests and some capital flight out of Hong Kong and China. Both in Argentina and Hong Kong, investors paid a premium for Bitcoin to protect their capital during periods of crisis, but as trade war tensions between the United States and China abated, Bitcoin prices cooled off. However, Murad Mahmudov, chief information officer at cryptocurrency..
Bitcoin News Today – Bitcoin spent most of last week fluctuating around the range $11,000 to $12,000. At separate points on August 6, 7, and 8, the cryptocurrency briefly broke into the $12,000s. However, on August 10, it made a sudden $400 fall in value. Earlier on August 4, BTC broke $11,000. Bitcoin Price Prediction 2019 – Bitcoin Latest Update – Bitcoin Price Analysis- Bitcoin’s Market Update On Tuesday, August 13, BTC dipped below $11,000level again. Similarly, most of the 20 top cryptocurrencies recorded moderate losses on the day at the time of the report. According to Coin360, Bitcoin is currently trading at around $11,019 at a down of 3.12% on the day. However, its weekly chart shows that its price is up by about 6.55%. Bitcoin (BTC) Price Today – BTC / USD Name PriceBitcoin$10,626.00-5.71% Still, Cointelegraph’s market information tools and some other sources reported that the coin currently trades under $11,000. According to CoinMarketCap, a cryptocurrency informa..
Bitcoin Price Analysis – In the last 24 hours, Bitcoin has reinforced the bearish view suggested by the flag breakdown. This bearish continuation pattern was confirmed yesterday. BTC reached a lower high at the lesser edge of a flag pattern. With a below -50print, the relative strength index is indicating bearish conditions. Besides, the ticking up of the selling volume validates the bearish setup. Bitcoin News Update – Bitcoin Price Prediction – Bitcoin Latest Update – Bitcoin Struggles to Reach $12,000 Bitcoin Price Analysis shows that a bearish crossover was produced by the 5- and 10- day moving averages (MAs). Consequently, the prices may dip towards $10,778, the current 5-week moving average. Bitcoin price moving up above $11,431 will weaken the bearish conditions. Ideally, $12,000 will invalidate the lower highs setup. In April, BTC broke into a bull market as it hit $13,880. The top cryptocurrency recorded this 17-month high before creating last month’s inside bar candle. This..
Bitcoin price losses 7% in 24 hours sparking criticism from naysayers but sentiment has yet to turn bearish. Bitcoin (BTC) price was feeling the pressure Aug. 14 after a fresh downturn saw the largest cryptocurrency settle below $10,500. Market visualization. Source: Coin360 Trade war tensions relief lifts markets, sinks Bitcoin price Data from Coin360 painted a gloomy picture for investors Wednesday, with BTC/USD trailing 7.2% daily losses. Bitcoin 7-day price chart. Source: Coin360 The latest in what has become a recognized pattern in recent months, Bitcoin reversed its previous successes from the weekend, when geopolitical uncertainty and fiat currency weakness in several jurisdictions pushed markets above $12,000. In particular, it was Hong Kong and Argentina fuelling the theory, which Bitcoin critics such as gold bug Peter Schiff took the opportunity to debunk as markets fell. “Now that trade tension with China has eased, the pressure on the yuan is off. Those who bought Bit..
Ripple News Today – Against all odds, Beaxy unveiled on June 2019, the platform which is a cryptocurrency token was issued on the Ethereum platform. The launching came to reality after having faced hitches after an attempted attack to hack its foundation eventually proved abortive, as they were unable to gain access to funds or other important data. However, Know Your Customer (KYC) has undertaken it upon themselves to help trail those responsible for the attempted hack. Ripple News Today – XRP News Today – Beaxy Exchange Gets Hacked According to Ripple latest update, the recently launched cryptocurrency exchange Beaxy has Newly-launched cryptocurrency exchange Beaxy has barred trading after some users purposely crashed the price of altcoin Ripple (XRP). As on August 12, Ripple News update reported Beaxy has faced an unexpected surge in XRP trading volumes, with a massive sell-off declining XRP/BTC TO 40% of its price on other exchanges. The report went thus: “As a result and precaut..
Resistance at $11,500 remains but analysts are hopeful of a fresh breakout as gold challenges local highs. Bitcoin (BTC) price remained fairly buoyant on Aug. 13 despite a fresh delay of an exchange-traded fund (ETF) by United States regulators. Market visualization. Source: Coin360 Bitcoin price unfazed by Bitcoin ETF delay Data from Coin360 showed BTC/USD clinging to support above $11,000 Tuesday, as the fallout of another delay to a Bitcoin ETF hitting the market appeared to impact markets less than ever before. Bitcoin was down 0.22% at press time, while 7% weekly losses contrasted with the cryptocurrency’s best weekly close of 2019 set over the weekend. Bitcoin 7-day price chart. Source: Coin360 As Cointelegraph reported, previous ETF-related decisions by the U.S. Securities and Exchange Commission (SEC) sparked considerably more uncertainty for Bitcoin, with the price succumbing to downward pressure. Now, analysts are instead looking to strength in gold to determine whether ..
The platform has suspended all activity while it pursues action against those involved. Newly-launched cryptocurrency exchange Beaxy has suspended trading after some users deliberately crashed the price of altcoin Ripple (XRP). XRP/BTC dips 40%According to a blog post and social media messages, beginning on Aug. 12, Beaxy experienced a sudden surge in XRP trading volumes, with a huge sell-off reducing XRP/BTC to 40% of its price on other exchanges. “As a result and precaution, we are temporarily halting all trading activity and withdrawals across the exchange as we investigate,” the blog post reads. XRP/BTC 3-day trade volume on Beaxy. Source: Beaxy Beaxy launched in June this year, having already experienced difficulties after an attempt to hack its infrastructure ultimately failed to gain any funds or other data. KYC will help Beaxy track those responsibleExecutives claimed the users responsible for the XRP crash can be identified thanks to the exchange’s internal Know Your Custom..
Altcoins are attempting a recovery, but will it last? Let’s analyze the charts. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Goldman Sachs is positive on Bitcoin. In a note, one of the firm’s analysts has projected a short-term target of $12,916 to $13,971, after which it might enter a consolidation. For the long term, the analyst considers the current move as the first leg of the five wave count, which means that the analyst believes the leading cryptocurrency has a lot of room to run and views dips as buying opportunity as long as the price does not drop below $9,084. While many are bullish on Bitcoin, altcoins led by Ether are not finding much love. However, in a poll by Nik Patel, the author of “An Altcoin Trader’s Handbook,” 54% of the partici..
Ripple News Update- Due to the recent steady fall of Ripple, the price dropped against the US Dollar below the support levels at $0.3050 and $0.3000. After trading at a new monthly low of $0.2897, the crypto asset began an upside correction of its losses against the Us Dollar. Ripple Price Prediction points out that the price of Ripple (XRP) will continue to increase as long as it is above $0.2950. Ripple News Today – XRP Price Prediction 2019 – XRP Price Prediction – Further Rise of XRP Price Expected An analysis of the XRP chart showed the token price making an upward movement. Above the $0.2950 support area, the crypto asset is showing a few positive signs. However, the bulls can push the price higher if they gain traction above $0.3050 and $0.3075. XRP may witness a further drop towards $0.2900 or even $0.2840 if the bulls find it difficult to increase the price. The technical indicators of XRP show the following statistics. The current hourly Relative Strength Index, RSI for XR..