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Ripple Price Analysis: Bulls Eye Key Upside Break above $0.30

Ripple price is holding the key $0.2560 support zone against the US dollar.The price is still facing many hurdles near $0.3000 and the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $0.2820 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could accelerate higher once it clears the $0.2820 and $0.2840 resistance levels.Ripple price is trading in a positive zone above $0.2560 against the US Dollar. XRP price must...

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Scott Minerd: Bitcoin Could Fall to About $20,000 Per Unit

The bitcoin price is trading for well over $30,000 at the time of writing, though to be fair, it has experienced one of the biggest dips in recent months, having fallen from a recent $40,000 high. With this latest dip of around $7,000, the currency is being called into question by many industry analysts, including Scott Minerd, the chief investment officer at Guggenheim Partners.Scott Minerd Is Bearish On BTCIn a recent interview with CNBC, Minerd commented that he wouldn’t be surprised if...

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Uhive, the New Crypto-Based Social Platform, Makes A Lot of Moolah

New social media platforms are popping up all over the place as of late, and one – Uhive – is powered by cryptocurrency.Uhive Is Doing Things a Little DifferentlyBased in the United Kingdom, Uhive is a unique social platform in that it is powered entirely by digital currency technology. Recently, the company set out on a funding round of 500,000 pounds, which it easily surpassed. Either people are terribly sick of the likes of Facebook and Twitter – which they probably should be, given how...

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Bulls Becoming Bears? The latest Bitcoin Drop Has Analysts Worried

Bitcoin and the crypto market have been acting rather bearish as of late. The world’s number one cryptocurrency by market cap has recently shed around $7,000 off its price, and as a result, the entire arena has lost about $100 million in value.Bitcoin Keeps Falling, and People Are ConcernedThus, everyone is beginning to get rather negative about where bitcoin and digital assets will go in the coming days. They are not sure if bitcoin will rise any further, and some believe there’s reason to...

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Ethereum Price Analysis: Following 20% Weekly Increase Against BTC, How High Can ETH Get?

ETH/USD – Ethereum Continues Higher After $1100 ReboundKey Support Levels: $1275, $1230, $1100.Key Resistance Levels: $1390, $1425. $1439.Last Thursday, Ethereum took a steep price fall when it dropped from $1390 to hit the support at $1100, provided by a .382 Fib Retracement level.On Friday, it dipped further, hitting a low of $1050. However, it quickly reversed and started to rebound higher from there. Yesterday, it was struggling to break resistance at $1276 (bearish .886 Fib Retracement)...

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‘Bitcoin is Bad’ Narrative Weakens as Aussie Banks Have Reportedly Laundered $385M for Drug Cartels

Amid the renewed anti-Bitcoin remarks ascribed to mainstream finance stakeholders, reports have emerged showing banks in Australia working in cahoots with violent South American cocaine cartels. Despite aspersions to the contrary, the crypto market continues to account for an insignificant proportion of global financial crimes.Australian Banks Funelling Dirty Money for Drug CartelsAccording to the Australian Financial Review, banks in the country have reportedly laundered about 500 million...

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Will Bitcoin Price Rally Continue In 2021? 8 Key Considerations

A Fortune magazine story about bitcoin began making the rounds Friday. In it, senior Fortune and Data Sheet writer Aaron Pressman cops to tripling his money in bitcoin– then losing half of it.It’s a cautionary tale alike for prudent long-term investors in cryptocurrency and day traders who are very smart at getting very stupid with money. The endlessly interesting and complicated question: “Where is bitcoin’s price going next?” is no idle curiosity. It’s a question with a lot of zeroes on...

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Bitcoin Price Analysis: Expecting Huge BTC Move, Breakout To $30K Or $35K Next?

Over the past week, Bitcoin price lost approximately 10% of its value, following a drop from the $37K – $38K price area. This comes just two weeks after setting the current all-time high of $42,000 on January 8, 2021.Over the past days, the primary cryptocurrency found support, once again, around the $30K horizontal line. Looking at the bigger picture, the $30,000 had now formed the baseline of a bearish triangle that Bitcoin is currently trading within and can be seen on the following daily...

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ETH Spikes To 4-Month High Against Bitcoin Surpassing $1300: BTC Dominance Dropping

Bitcoin has failed to double-down on its recovery and has remained stagnant between $32K and $33K for the past day. Large and mid-cap altcoins, led by ETH, have charted gains against BTC, while the Bitcoin dominance continues its negative sentiment, dropping to approximately 63%.BTC Fails At Breaking Above $34KAfter bitcoin dipped beneath $29,000 earlier this week, the asset seemed to be headed for a quick recovery session as it has done before. Just yesterday, the cryptocurrency gained over...

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JPMorgan: BTC Cannot Diversify Portfolios Like We Think

JPMorgan keeps talking about bitcoin as of late. Recently, analysts from the financial giant claimed that if it didn’t spike back to $40,000 soon, traders would likely see their portfolios dwindle and their stashes were likely to experience major suffering. With the asset’s recent $9,000 drop after reaching its new all-time high, one must wonder if it will take a while before BTC jumps into $40,000 territory again.JPMorgan: Bitcoin Is Not as Strong as We ThinkNow JPMorgan is claiming that the...

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