Markets

Tezos continues to battle the 7-month old descending trend line to climb higher.The cryptocurrency looks ready to surge against Bitcoin as the Stochastic RSI lines up for a bullish crossover.Tezos climbed to the 14th position with a market cap of $935 million.Key Support & Resistance LevelsXTZ/USDSupport:  $1.23, $1.17, $1.12, $1.00.Resistance: $1.34, $1.40, $1.47.XTZ/BTC:Support: 0.0001685 BTC, 0.000158 BTC, 0.000138 BTC, and 0.000127 BTC.Resistance:  0.0001828 BTC, 0.000195 BTC level...

Bitcoin seems to be charging at $7,600 as it marks a slight increase of around 2.1% in the past 24 hours. The cryptocurrency seemed stuck in the same confluence price zone between $7,300 and $7,400 but has managed to break above it, and it now trades at around $7,550.As CryptoPotato reported earlier, an important resistance level to watch for is $7,700, which is where the bullish spike reached out. However, to see a real market reversal, we would have to see Bitcoin closing above $8,000. In...

December 2019 is already here, and it came in kicking. November’s volatility doesn’t seem to end, as, in the past seven days alone, Bitcoin went through a couple of significant swings. The world’s largest cryptocurrency reached a high of around $7,800 in the past week, only to decrease to as low as $7,150 and recover a few days later to where it’s currently trading at around $7,460.On another note, Bitcoin’s network has demonstrated its enhanced capabilities as it processed over $8.9 billion...

This week Bitcoin attempted to halt the previous bearish trend but failed to advance above the resistance at $7,800. The cryptocurrency has lost a total of 21% over the past month after it plummeted beneath the 100-days and 200-days EMAs in November.To break higher, we must see Bitcoin rising above the resistance at $7,800. If the bulls are successful in this, further resistance lies at $8,000 and $8,265. Alternatively, if the sellers bring the price below $7,400 and start to push the market...

Smart people are famous for revaluation of their beliefs, and now the Bank of International Settlements (BIS) is ready to try implementing their own cryptocurrency to stay ahead of the market. The same man who was calling for a “clampdown on Bitcoin”, Agustín Carstens, now says: “We have a responsibility to be at the cutting edge of the debate. There is really no choice but to do so, as otherwise, events will overtake us…” By “events” Carstens presumably means thousands of companies that...

Leading cryptocurrency exchange, Binance is in the news again, and this time, the exchange is reportedly in talks with representatives of Vaduz Privatbank Union, also known as Union Bank AG (UBAG) to acquire a stake at the Lichtenstein-based financial institution which is at the verge of liquidation.Recent reports from InsideParadePlatz local news media reveal that the Liechtenstein Financial Supervisory Authority has ordered the bank with tough deadlines for its shareholders to “meet certain...

Bitcoin’s price action has been mind-numbingly boring as of late.A prominent trader believes that this will change once we turn the calendar.Other analysts also agree that 2020 would be the year of bitcoin.With the exception of a brutal pump and dump on Wednesday, the price action of bitcoin has been far from exciting over the last few weeks. Since the end of October, the number one cryptocurrency has lost nearly 30% of its value. The slow bleed with a couple of dead cat bounces have...

Apple’s iPhone 11 is just over 2 months old but has been so successful that there have been several reports that the company is struggling under the high volume of demands. It’s worth mentioning that it has a positive impact on the company’s stock. Along with the new iPhone, Apple also released other products such as the Airpods Pro, which has also caused quite a bit of competition among Apple’s manufacturers as they also are finding it hard to meet up. In the midst of all of the confusion...

During 2019, Ripple, a San Francisco-based organization developing the ecosystem around XRP has gained prominent partnerships to boost the use of XRP. XRP is one of the most pressing digital money forms for weekend recovery. The Asian session was portrayed with a slight 0.2% increase in price while the European session continues. Instability extends near the evolving technical pattern. XRP/USD bounces back at $0.2225 although it opened Friday session at $0.2228. In the hour of writing, XRP...

On Wednesday, Bitcoin jumped 9.92% from the day low of $7,080 to $7,775 during only 5 hours of the trade. However, at the end of the day, the price closed at $7,199. The Bitcoin price seems to be slowing down every time it meets resistance at $7,800 and cannot set a higher high above $8,000. Traders can see that the highest volume happened when the prices were $8,040 and $7,850. However, since prices started to drop as soon as they reached those heights, it can be presumed that the next bull...