Markets

In our recent price analysis, we had anticipated a huge move coming up very soon. We couldn’t predict to which direction.The result was a massive $800 move to the upside, followed by an opposite move to the downside, to exactly where the movement began from (roughly $7100). And the winner is? Of course, the exchanges that allow margin trading, who encourage trading volumes.The bottom line is that Bitcoin stays at the same price level, the same confluence price zone, between $7300 – $7400,...

Bitcoin cash price is facing a strong resistance near the $212 area against the US Dollar.The price is showing a few positive signs above the $202 and $192 support levels.There is a crucial bearish trend line forming with resistance near $212 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could start a strong rise if it breaks the $212 and $215 resistance levels.Bitcoin cash price is likely approaching the next key break against the US Dollar. BCH/USD must surpass...

It seems that this year hasn’t been nearly enough for Apple. According to the recent forecasts from the famous Apple analyst Ming-Chi Kuo, the company plans to release five new iPhone models next year. In a research note with TF International Securities, Kuo drafted his presumptions for a new phone dubbed iPhone SE 2. As Kuo predicts, it could come with a 4.7-inch LCD display in the first half of 2020. After SE 2 comes a higher-end all-OLED lineup comprised of 5.4-inch, two 6.1-inch, and...

A blockchain-powered financial services startup Figure Technologies founded by former SoFi CEO Mike Cagney, announced it has closed a $103 million Series C round. But, that is not all folks. It has also added Morgan Creek Digital’s Anthony “Pomp” Pompliano, one of the sector’s most vigorous supporters, to its board. That’s not a consequence because, according to the company’s announcement, the round was also led by Morgan Creek Digital, with participation from MUFG Innovation Partners and...

Ripple appears to be undergoing a lot of changes, and by changes we mean extreme growth.Ripple: Growth Is on the HorizonFirst off, the boss of Ripple – Brad Garlinghouse – has expressed an interest in bringing more banks into the Ripple family. At a recent SWELL event, the head executive of the world’s third-largest cryptocurrency by market cap spewed out several angry words towards SWIFT, and international payment and remittance service, and called it a “one-way messaging system.”He...

Enjin Coin surged 60% today after a successful partnership announcement with Microsoft.ENJ broke above the 1000 SAT level and looks to continue.Enjin is now ranked as the 72nd top cryptocurrency with a market cap of $50 million.Enjin Partners Up With MicrosoftMicrosoft and Enjin have teamed up to create Azure Heroes – a project that rewards contributors to the community for posting content, creating demos, building sample code, and blogging about Azure.Creators are nominated and receive a...

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.Tech analysis of BTC/USDBitcoins worth 313 million USD were withdrawn through Bittrex.The SIX platform has added a derivative on the BTCOn W1, the Bitcoin continues the descending tendency inside the previous channel and has already reached 61.8% fibo. The next downside target may be 76.0% fibo at $5710.00 and the long-term low at $3121.90. the resistance is close to 38.2% fibo at $9760.00.On the MACD and Stochastic, the MACD histogram remains...

Nowadays, everyone knows what Bitcoin is. In fact, more and more people learn about cryptocurrencies overall – and not only about the biggest one out there. As a result, many individuals want to take advantage of this new type of currency.Even if cryptocurrencies have been here for a while, people only now understand how beneficial they can be to their finances, especially in terms of trading. Therefore, they started looking for forex brokers that trade in Bitcoin as well.However, there are a...

Microsoft and the blockchain gaming company Enjin have launched a new tokenized rewards program that depends on Ethereum, Azure Heroes and is running the plan in few nations in Western Europe. The Seattle-based technology colossus has printed about 12,000 non-expendable “badger” tokens using the ERC-1155 Ethereum token standard, initially proposed by Enjin‘s co-founder Witek Radomski.Although Microsoft is related to some blockchain companies given the most recent statement, the company,...

Yesterday, December 4, turned out to be a very interesting day for Bitcoin as the network broke a new record and hit its biggest hourly USD transaction volume in all of Bitcoin’s existence. An increase in the volume of transactions on any network is usually regarded as a big deal because more often than not, it shows that there is some progress with adoption. However, this case is very different.The news was made known in a tweet by Rafael Schultze-Kraft, the cofounder of on-chain market...