Bitcoin Trend Overwhelmingly Bullish: Dips In BTC Remain Supported

Bitcoin price traded to yet another 2019 high near $9,470 and corrected lower against the US Dollar. The price is trading nicely above the $9,200, $9,150 and $9,000 support levels. There is a key breakout pattern forming with support near $9,220 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct towards the $9,150 or $9,000 support before it starts a fresh rally. Bitcoin price is showing a lot of bullish signs above $9,000 against the US Dollar. BTC currently traded towards $9,500 and…

Crypto Market Primed For More Gains: Bitcoin Cash, BNB, Litecoin, TRX Analysis

The total crypto market cap climbed further higher above the $280.0B resistance area. Binance coin (BNB) price is up more than 5% and it is approaching the $35.00 resistance area. Litecoin (LTC) price is consolidating above the $130.00 support area. Bitcoin cash price is holding the $420 support and it could climb higher in the near term. Tron (TRX) price is slowly moving higher towards the $0.0350 and $0.0380 resistance levels. The crypto market cap is gaining bullish momentum, with strong gains in bitcoin (BTC). Ethereum (ETH), BNB, litecoin, ripple,…

Ripple (XRP) Price Hits First Target: Another Run Very Likely

Ripple price climbed higher sharply and broke the key $0.4500 resistance area against the US dollar. The price traded to a new monthly high at $0.4631 and recently started a downside correction. Yesterday’s highlighted major bullish trend line is intact with support near $0.4360 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains well bid on the downside and it is likely to climb higher above $0.4600 and $0.4620. Ripple price gained a strong momentum against the US Dollar and bitcoin. XRP is currently…

Ethereum (ETH) Price Holding Support: Buying Dips Favored

ETH price is struggling to gain momentum above $275 and $280 against the US Dollar. The price is currently correcting lower towards the $268 and $265 support levels. Yesterday’s highlighted key bullish trend line is intact with support near $267 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to find a strong buying interest near the $268, $267 and $265 support levels. Ethereum price is trading in a broad range below $275 versus the US Dollar, but extended losses vs bitcoin. ETH price could…

Bitcoin Leaves Other Asset Classes in Dust as Market Stars Align

Published: 17/06/2019 16:40 EST By CCN Markets: Investors who are not generating returns in 2019 are clearly looking in the wrong place. Considering bitcoin claimed a fresh 2019 high to nearly $9,400 over the weekend, other asset classes have a hard act to follow. Gains across the stock market and commodities including oil and precious metals such as gold pale in comparison to bitcoin’s, and investors must be kicking themselves for not recognizing the opportunity in crypto. There’s no shortage of explanations as to what is fueling bitcoin’s rise, ranging…

Bitcoin Price ‘Could Fall to $6,500’ Before Next Bullish Spike: eToro Analyst

Published: 17/06/2019 13:00 EST By CCN Markets: The price of bitcoin has broken through the $9,000 mark and seems well on its way to $10,000, but brokerage firm eToro believes that there’s a pullback in the cards before the cryptocurrency enjoys its next bullish run. The price of bitcoin has broken past the $9,000 mark, but eToro analyst Simon Peters believes that there will be a pullback before the bullish run continues | Source: TradingView Simon Peters, an analyst at the multi-asset investment platform eToro, has warned investors to be…

JP Morgan Analyst Admits Institutions are Behind the Bitcoin Bull Run

An analyst associated with the US multinational bank JP Morgan Chase has admitted that institutional investors are behind the ongoing bitcoin price boom. Bloomberg quoted Nikolaos Panigirtzoglou saying that the market hugely understated the importance of the listed bitcoin futures contracts, mostly because of the overstating of trading volumes by cryptocurrency exchanges. But after asset management firm Bitwise clarified that almost 95 percent of the total reported volumes in the bitcoin market might be fake, the actual amounts posted by the bitcoin futures contracts started showing a bullish picture. Panigirtzoglou found that…

iFinex Buyback Could Spur Another Wave of Leo Demand, Price Up 8.2%

Leo adds 8.2 percent The public open to tracking iFinex repurchase of Leo coins Behind a surging coin, iFinex plans to open up to the public its buyback program. In an initiative called the UNUS SED LEO Transparency Initiative, the public will track how the parent company would purchase Leo from their gross revenue. Meanwhile, Leo is up 8.2 percent from last week’s close. Leo Price Analysis Fundamentals There is noticeable progress. It all has to do with BitFinex and their effort of improving transparency. Through an initiative that will…

Bitcoin (BTC) Price Defies Gravity: Next Bullish Break Could Hit $10K

Bitcoin price corrected lower sharply after trading to a new yearly high at $9,390 against the US Dollar. The price remained well bid and it is back above the key $9,000 pivot level. There is a crucial bullish trend line forming with support near $8,780 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to break the $9,260 and $9,300 levels to start the next bullish wave in the near term. Bitcoin price surged higher above $9,000 and $9,300 against the US Dollar.…

Crypto Market Targets $300 Billion Cap: Bitcoin Cash, EOS, TRX, ADA Analysis

The total crypto market cap gained momentum and broke the $260.0B resistance area. Bitcoin price broke the main $9,000 resistance area and traded close to $9,400. EOS price traded nicely above the $6.50 and $6.75 resistance levels. Bitcoin cash price is trading above the $420 level and it could continue to rise towards $440. Tron (TRX) price broke the $0.0330 resistance and it might continue to rise. Cardano (ADA) price is slowly moving higher towards the key $0.1000 resistance. The crypto market cap is surging above $265.0B, with sharp gains…