Bitcoin (BTC)

Bitcoin cash price currently correcting gains from the $255 resistance area against the US Dollar.The price is approaching a couple of key supports near $227 and $225.There is a major contracting triangle forming with support near $232 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could dip towards the $225-$227 support area before it starts a fresh increase.Bitcoin cash price is slowly declining losing momentum below $240 against the US Dollar. BCH/USD could...

Bitcoin, despite being only 10 years old, has already left its mark on a lot of prominent and influential people. Elon Musk, who’s arguably one of the best-known and popular entrepreneurs in the whole world, has mentioned it again. And, moreover, staying completely true to his usual self, his statement could mean one of many different things.Bitcoin Is Not My Safe Word: Musk SaysElon Musk is the founder of PayPal, one of the world’s largest payment processors. He’s also the founder and CEO at...

At the time of writing, it looks like political unrest is the primary instigator of bitcoin’s continued price spikes.Unrest Causes BTC to Jump FurtherThis has been something we’ve discussed in previous articles, though more evidence is being offered on account of bitcoin’s sudden jump beyond $8,000 given that the United States has undergone alleged attacks from Iran. The latter country has launched missiles at several military bases belonging to the U.S. in Iraq. Thankfully, no casualties...

The halving for bitcoin is still months away, yet many analysts are still deeply divided on where the event will take us. Is the currency likely to go up as it’s done in the past, or will things remain as they are?Will the Halving Do Anything for the Industry?The rewards garnered by bitcoin miners will be cut in half, and the currency is set to become much rarer. Something that’s rare is likely to have a lot more value than something that’s common, but several industry leaders still believe...

It’s happened, folks. After roughly two months of waiting, bitcoin (BTC) – the world’s most powerful cryptocurrency by market cap – has jumped past the $8,000 mark.Bitcoin Is Heading for the StarsThis is not only good news, but it’s a testament to the coin’s resilience and maturity. According to Bloomberg’s 2020 crypto outlook report, bitcoin is edging its way closer to being considered “digital gold,” as many analysts and enthusiasts have referred to it over the years. While there are still...

Ethereum saw a small 3.5% price decline over the past 24 hours of trading as the cryptocurrency rolls over and drops beneath $140.Against BTC, ETH failed to breach the resistance at 0.0184 BTC causing it to reverse and drop quite aggressively into the 0.0175 BTC region.Ethereum remains ranked as the 2nd largest cryptocurrency with a market cap of $15.12 billion. It is still up by a total of 10% over the past fortnight.Key Support & Resistance LevelsETH/USDSupport:  $133.50, $128,...

At the hour of composing, Ethereum is drifting underneath about 3% at its ongoing price of $138.51, which denotes an amazing diminishing contrasted with past daily highs of $148, which were set at the highest point of prior day’s rally and latest intraday high of $141.38.It is essential to see that Ethereum is very momentous up from weekly lows of $126, anyway it’s most recent advancement is by all accounts in danger of an inversion as bearish sentiments increases.The Ethereum bulls...

The United States Commodity Futures Trading Commission (CFTC) has previously allowed several crypto derivatives products to enter the market. In that context, CME Group, which offers Bitcoin futures, plans to launch options on BTC futures on January 13, 2020.While responding to the growing interest in cryptos and customer demand for tools to manage Bitcoin exposure, CME Group decided to launch options on BTC futures. As we highlighted earlier, the firm officially confirmed this launch last...

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.Tech analysis of the BTCThe BTC may grow in price due to the US vs. Iran conflictIn ten years, the profitability of the BTC has been many times higher than that of Gold and S&P 500.On D1, speaking about the long-term moods of the cryptocurrency, there has been a pullback to 50.0% Fibo related to the previous declining wave after a convergence on the MACD. Also, the correctional dynamics have let the market test the resistance area at 50.0%...

Starting today, the Binance Futures platform is launching another perpetual contract with Litecoin. This time, Litecoin (LTC) is being paired with USDT making it the sixth perpetual contract on the platform.Binance Futures Litecoin ContractAccording to an official announcement from Binance, the LTC/USDT perpetual contract opened trading today at 8:00 AM (UTC). The recent announcement has a few similarities with previous ones. For example, just like the previous offerings, users are allowed to...