EOS price climbed to a new multi-week high at $3.950 before correcting lower against the US Dollar.The price corrected lower below $3.5501 and even spiked below the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $3.150 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair is likely to start a fresh increase as long as it is above $3.200 and $3.150.EOS price is correcting gains from the monthly high against the US Dollar,...
Read More »Litecoin (LTC) Price Analysis: Support Turned Resistance At $65
Litecoin price started a major downside correction from the $69.00 swing high against the US Dollar.LTC price is currently holding the key $60.00 support zone and the 55 simple moving average (4-hours).There was a break below a key bullish trend line with support near $62.10 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could rise again, but the bulls need to clear the $65.00 resistance for a sustained upward move.Litecoin price is holding a couple of important...
Read More »Tesla Stocks Beats BTC as Most Widely Viewed Asset
Bitcoin, no doubt, has been doing quite well as of late. The currency rose as high as $12,400 early yesterday morning, but it’s still second when compared with Tesla stock.Tesla Still Beats Bitcoin in Many WaysIt goes to show you that Elon Musk, the CEO of Tesla, possesses some sort of power that very few of us will ever understand. According to Trading View, a site that allows you to monitor the movements of your favorite stocks, cryptocurrencies and assets, Tesla stock still holds the...
Read More »George Ball: The Price of Bitcoin Will Explode in Early September
Bitcoin appears to be turning people left and right. Who were once bitcoin haters are now bitcoin lovers, and George Ball – the former Prudential exec who in a recent interview discussed the potential safety of using and holding the world’s number one cryptocurrency by market cap – has explained in a follow-up discussion that the asset’s price is about to explode after Labor Day of this year.George Ball: Bitcoin Will Surge Further in SeptemberBitcoin has been on a serious roll over the past...
Read More »Simon Peters: A High Bitcoin Price Can Deter Retailers
Bitcoin has incurred another slight period of growth this morning that took it all the way to $12,400. At the time of writing, the currency has settled down a bit just beyond the $12K mark.Bitcoin Has a High Price; This Keeps Some Traders OutNo matter how you look at the situation, it’s easy to say that the price of bitcoin – the world’s largest and most popular cryptocurrency by market cap – has seemingly entered one of its best bull phases in recent years. At the same time, however, there...
Read More »Tron (TRX) Price Analysis: Trimming Gains, But Uptrend Intact Above $0.025
Tron price jumped more than 25% and climbed towards the $0.0325 level against the US Dollar.TRX price traded as high as $0.0325 and recently started a downside correction wave.There is a key bullish trend line forming with support near $0.0260 on the 4-hours chart (data feed via Bitfinex).The pair is likely to bounce back above $0.0280 as long as it is trading above the $0.0250 support.TRON price is currently correcting gains from highs against the US Dollar, similar to bitcoin. TRX price...
Read More »Bitcoin Price Analysis: BTC Correcting Gains, Key Support Nearby
Bitcoin price started a downside correction after it topped near the $12,489 level.The price is declining and it is trading below the $12,000 level and the 55 SMA (H4).There is a crucial bullish trend line forming with support near $11,640 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair must stay above the $11,640 and $11,400 support levels to start a fresh increase.Bitcoin price is currently correcting lower from the $12,500 barrier against the US Dollar. However,...
Read More »George Ball of Prudential Fame on the Safety of BTC
George Ball – a former chief executive of Prudential Securities and present CEO of Sanders Morris Harris – has referred to bitcoin as a “safe haven” in his latest interview, referring to its many properties and qualities that can ultimately assist investors in remaining strong during unprecedented economic times.George Ball: Bitcoin Is Stronger Than We ThinkGeorge Ball isn’t necessarily saying anything that a lot of other people in the crypto space haven’t already thought. However, it’s...
Read More »Buffett Looks to Mine Gold; How This Can Help BTC
There’s just no pleasing some people. Despite how well bitcoin is doing as of late – the currency just swung past the $12,000 mark – Warren Buffett, the CEO of Berkshire Hathaway, is still turning his back on the world’s number one digital currency by market cap and investing in gold.Warren Buffett Invests in Gold Mining FirmNot that there’s really anything wrong with this. After all, the asset has been doing quite well as of late. It’s trading for a high of nearly $2,000 per ounce at press...
Read More »Bitcoin Finally Strikes $12,000
Bitcoin has done it. After days… Nay, weeks of waiting, the world’s number one cryptocurrency by market cap has finally broken further resistance and has shot well beyond the $12K position.Bitcoin Has Broken Present ResistanceTo be fair, this isn’t the first moment bitcoin has hit such a mark this year. The currency briefly struck $12K earlier this month, though the price didn’t last long at all. After a few hours, the new level for bitcoin proved too strong for where the currency was...
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