Ethereum Price Analysis: ETH Back In Familiar Range, Can Buyers Take Control?

ETH price recovered nicely from the $132 support level and traded above $134 against the US Dollar.
The price even cleared the $135 and $136 resistance levels, but upsides remain capped.
There is a crucial bearish trend line formed with resistance at $138 on the hourly chart of ETH/USD (data feed via Kraken).
The pair might face a strong resistance near the $138 level and it could drop back to $135.

Ethereum price is slowly recovering higher against the US Dollar and bitcoin. However, there are many hurdles for ETH buyers near the $138 and $139 levels.
Ethereum Price Analysis
Recently, we saw a major drop in ETH price below the $134 support level against the US Dollar. The ETH/USD pair traded close to the $132 support level and later started a decent recovery. It climbed back above the $134 and $135 resistance levels. There was also a close above the $135 level and the 50% Fib retracement level of the recent decline from the $140 swing high to $132 low. However, there are still many hurdled for buyers on the upside, starting with $137 and ending near $140.
The price is currently trading near the $137 resistance and the 100 hourly simple moving average. Besides, the 61.8% Fib retracement level of the recent decline from the $140 swing high to $132 low is also near the $137 level. On the upside, there is a strong resistance formed near the $138 level. There is also a crucial bearish trend line formed with resistance at $138 on the hourly chart of ETH/USD.
Below the trend line, the 76.4% Fib retracement level of the recent decline from the $140 swing high to $132 low is positioned. Therefore, if the price continues to move higher, it could face sellers near the $137 and $138 levels. The next main resistance is near the $140 level, which prevented gains on many occasions recently. On the downside, an initial support is at $135. A break below the $135 level may push the price back towards the $132 level.

Looking at the chart, ETH price is slowly climbing high and moving back in the key $130-140 range. It may continue to rise towards the range resistance, but a break above $138 and $140 won’t be easy. There are even chances of a fresh drop below $135 before the price climbs higher towards $140.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is showing positive signs and it could move into the bullish zone.
Hourly RSI – The RSI for ETH/USD is now well above the 50 level and it is moving higher towards the 60 level.
Major Support Level – $135
Major Resistance Level – $137
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Bitcoin (BTC) Price Looks To Reclaim $4,000 After Sharp Sell-off

Bitcoin price traded to a new weekly high above $4,060 and later declined sharply against the US Dollar.
The price broke the key $3,960 support level and tested the next main support at $3,875.
There is a short-term connecting bearish trend line formed with resistance near $4,015 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The recent rebound was positive, but it won’t be easy for buyers to reclaim $4,000 and $4,020.

Bitcoin price rebounded sharply after a massive drop below $3,900 against the US Dollar. BTC must climb above $4,000 to move back in a positive zone and revisit $4,060.
Bitcoin Price Analysis
Yesterday, there was an upside extension in bitcoin price above the $4,020 resistance against the US Dollar. The BTC/USD pair broke the $4,050 resistance and traded to a new monthly high at $4,065. However, buyers failed to stay in control, resulting in a sharp decline below $4,050 and $4,020. The price even broke the $4,000 support and settled below the 100 hourly simple moving average. The decline was strong as the price even failed to hold the $3,950 and $3,900 support levels.
However, the next key support at $3,875 prevented further declines. A swing low was formed at $3,872 and later the price bounced back sharply. It broke the $3,900 resistance and the 23.6% Fib retracement level of the recent decline from the $4,065 high to $3,872 low. More importantly, the price rebounded above the $3,950 resistance level. Finally, there was a close above the 50% Fib retracement level of the recent decline from the $4,065 high to $3,872 low.
At the moment, the price is facing a strong resistance near $3,990 and the 100 hourly simple moving average. The main resistance is near $4,000 and the 61.8% Fib retracement level of the recent decline from the $4,065 high to $3,872 low. Besides, there is a short-term connecting bearish trend line formed with resistance near $4,015 on the hourly chart of the BTC/USD pair. Therefore, a break above the $4,000 and $4,020 resistance levels is must for additional gains in the coming sessions.

Looking at the chart, bitcoin price rebounded nicely from the $3,875 support level. However, buyers might find it difficult to gain strength above $4,000 and $4,020. If they continue to face hurdles, there could be another bearish reaction below the $3,950 and $3,920 support levels.
Technical indicators:
Hourly MACD – The MACD is slowly moving in the bullish zone, with a positive bias.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently correcting higher, but it is still well below the 50 level.
Major Support Levels – $3,950 followed by $3,920.
Major Resistance Levels – $4,000, $4,020 and $4,060.
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Crypto Market Rebound Facing Hurdles: Bitcoin Cash, EOS, BNB, TRX Price Analysis

The total crypto market cap failed near the $136.0B resistance and declined sharply.
EOS price broke the $3.70 support and tested the $3.62 support area.
Binance Coin (BNB) is down more than 4% and settled below the $15.00 support level.
Bitcoin cash price is correcting lower and it may test the $150 support zone.
Tron (TRX) price is stable and still holding the key $0.0220 support level.

The crypto market could turned red and facing a lot of hurdles, with bearish moves in bitcoin (BTC) and Ethereum (ETH). Binance coin (BNB), BCH, ripple, EOS, TRX and ADA are likely to extend losses.
Bitcoin Cash Price Analysis
Bitcoin cash price started a downside correction after testing the $165 resistance against the US Dollar. The BCH/USD pair traded below the $160 and $155 support levels. It even tested the $150 support level and it is currently consolidating losses.
An immediate support is at $150, below which the price may trade towards the $140 support level. On the upside, the previous supports near the $155 and $160 levels are likely to act as barriers for buyers.
EOS, Tron (TRX) and BNB Price Analysis
EOS price started a downside move after it failed to break the $3.80 resistance. There was a steady decline below the $3.75 and $3.70 support levels. The price even broke the $3.65 support and traded close the $3.60 support. It is currently trading near $3.65, with many hurdles on the upside near $3.70.
Tron price was stable and decline was limited below $0.0230. TRX price is still trading above the $0.0220 support, which is a positive sign. However, the price must settle above $0.0230 and $0.0235 to move into a positive zone.
Binance coin (BNB) started a major downside correction from well above the $15.50 level. BNB price broke the $15.00 support and the price is now down more than 4%. An immediate support is at $14.50, below which the price may trade towards the $14.05 support. On the upside, the $15.00 level is likely to prevent gains in the near term.

Looking at the total cryptocurrency market cap hourly chart, there was another rejection near the $136.0B resistance level. As a result, there was a sharp drop below the $135.0B level and a connecting bullish trend line on the same chart. The market cap even settled below the $133.5B support and the 100 hourly simple moving average. It tested the $130.0B support and later bounced back above $132.0B. However, there are many hurdles for more gains near the $132.8B and $133.50B levels. Therefore, upsides are likely to remain capped in bitcoin, ETH, tron, litecoin, EOS, ripple, cardano, XLM, ICX, BCH, XMR and other altcoins in the near term.
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Ripple Price Analysis: XRP Flirts With Key Resistance Amid Sell-off

Ripple price failed once again to break the $0.3200 resistance and declined sharply against the US dollar.
The price broke the key $0.3125 and $0.3100 support levels to move into a bearish zone.
There is a major bearish trend line formed with resistance at $0.3110 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair is currently correcting higher, but it is facing a solid hurdle near the $0.3100 pivot level.

Ripple price declined heavily and turned bearish against the US Dollar and bitcoin. XRP/USD may consolidate in the short term and upsides are likely to remain capped near $0.3100 and $0.3120.
Ripple Price Analysis
There was another attempt by ripple price to clear the $0.3200 resistance against the US Dollar. The XRP/USD pair failed to gain momentum, resulting in a sharp bearish reaction. The price started a significant decline and broke the $0.3150 and $0.3140 support levels. The decline was such that the price even broke the key $0.3100 support level and the 100 hourly simple moving average. A new weekly low was formed near the $0.3000 level before the price started an upside correction.
Buyers pushed the price above $0.3050 and the 23.6% Fib retracement level of the last drop from the $0.3199 high to $0.3005 low. There was even a break above the $0.3080 resistance, but the price faced a strong resistance near the $0.3100 level. The stated $0.3100 level acted as a support earlier and now it is preventing gains. Besides, the 50% Fib retracement level of the last drop from the $0.3199 high to $0.3005 low is also near the $0.3100 resistance. More importantly, there is a major bearish trend line formed with resistance at $0.3110 on the hourly chart of the XRP/USD pair.
Therefore, the price is likely to face a strong selling interest near the $0.3100 level. The next key resistance is near the $0.3125 level since it coincides with the 100 hourly SMA. On the downside, an initial support is near the $0.3060, below which the price could revisit the $0.3000 support level.

Looking at the chart, ripple price moved into a bearish zone, with a close below $0.3100 and the 100 hourly SMA. In the short term, there could be range moves between $0.3060 and $0.3125 before the price makes the next move. On the downside, if buyers fail to defend the $0.3000 support, the price may slide towards the $0.2920 support.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is slowly moving into the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently moving higher towards the 45 level.
Major Support Levels – $0.3060, $0.3040 and $0.3000.
Major Resistance Levels – $0.3100, $0.3120 and $0.3125.
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Ethereum Price Analysis: Stop Hunting Pushes ETH Into Bearish Zone

ETH price failed to break the $139 resistance and declined sharply against the US Dollar.
The price broke the key $134 support level to enter a bearish zone.
A new connecting bearish trend line is formed with resistance at $139 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is likely to struggle near the $135 and $136 levels if it corrects higher in the near term.

Ethereum price declined sharply below key supports against the US Dollar and bitcoin. ETH settled below $136 and the 100 hourly SMA, which is a short-term bearish sign.
Ethereum Price Analysis
There was another attempt by ETH price to climb above the $139-140 resistance area against the US Dollar. The ETH/USD pair failed to surpass the $140 resistance and later started a downside move. There were range moves above $138 before sellers took charge and pushed the price below $136 and the 100 hourly simple moving average. There was a break below a connecting bullish trend line at $138 on the hourly chart, opening the doors for more losses.
As a result, there was a sharp decline and the price tumbled below the $134 support level. The price traded towards the $132 support and settled below the 100 hourly simple moving average. Recently, it corrected higher above the $133 level and the 23.6% Fib retracement level of the last drop from the $140 swing high to $132 low. Buyers even pushed the price above the $134 level, but upsides were capped by the $136 resistance. Besides, the 50% Fib retracement level of the last drop from the $140 swing high to $132 low acted as a resistance.
It seems like the previous support area near $136 is acting as a solid resistance. Therefore, the price may consolidate in the short term before it makes another attempt to clear the $136 level. On the upside, the next resistance is near $137 and the 100 hourly SMA. Moreover, there is a new connecting bearish trend line is forming with resistance at $139 on the hourly chart of ETH/USD.

Looking at the chart, ETH price clearly moved into a bearish zone below the $136 support and the 100 hourly SMA. If buyers struggle to push the price back above the $136 and $137 levels, there is a risk of more downsides. An initial support is near $134, below which the price may revisit the $132 swing low.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is about to move into the bullish zone.
Hourly RSI – The RSI for ETH/USD declined below the 50 level and it is currently below the 40 level.
Major Support Level – $132
Major Resistance Level – $137
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Bitcoin Cash (BCH) Prices Cool Off, Correction to $140 in Progress

Bitcoin Cash outperforms all assets in the top 10
The ABC team will implement Schnorr signatures in May 2019
Participation levels drop despite BCH registering double-digit gains

Schnorr Signatures, it appears, will first call Bitcoin Cash home before implementation at Bitcoin core. Nonetheless, Bitcoin Cash (BCH) is outperforming other assets and up 24 percent from last week’s close.
Bitcoin Cash Price Analysis
Fundamentals
In recent weeks, Bitcoin Cash has been on a roll. With supportive fundamentals such as Digitec and Galaxus, Avnet and Vordex Suisse all offering support, it’s only a matter of time before prices respond and that will culminate in surges above key liquidation levels. All the same and perhaps a worthy mention is Bitcoin Cash ABC plan of integrating Schnorr signatures before Bitcoin.
According to Amaury Séchet, a lead developer for ABC, Schnorr Signatures is a “cryptographic tool which allows for any actor in a group to sign, without revealing which actor did. The idea was introduced as a tool for whistle-blower but is now most importantly used for anonymous cryptocurrencies such as Monero for the anonymity it provides.” The reasoning behind this upgrade is Bitcoin Cash drive to “help create sound money that is usable globally to drive freedom and prosperity for everyone.”
Accomplishing this vision, therefore, requires a network that is efficient and private, a feat that is achievable via Schnorr signatures. During the upgrade planned for May 21, ABC team will also activate Segwit Recovery Transactions which corrects the “enforcement of the CLEANSTACK rule” which made it “impossible to recover funds from Segwit transactions” after the last controversial implementation. The upgrade will, therefore, make “exception to this rule to enable recovery of funds once again.”
Candlestick Arrangement

At the time of press, Bitcoin Cash (BCH) was up 18 percent from last week’s close reflecting how robust Bitcoin Cash bulls have been against bears. While we expect prices to edge higher despite downward pressure from Nov 2018 sell-off, bulls are trading at Feb 24 highs which doubles up as a minor resistance level.
Therefore, for trend continuation, it is preferable that BCH bulls build enough momentum and close above $170 complete with high transaction volumes. Such a move will confirm bulls of Feb 18, fueling participation as conservative traders flow in with targets at $230 or Dec 2018 highs.
Technical Indicators
In a ranging market, BCH prices are re-testing a critical resistance level. Even so, our anchor bar is Feb 18—117k versus 30k. At the moment, bulls have been successful, reversing losses of Feb 24 which is positive.
However, a breakout above this three-month consolidation demands participation. As such, gains above $170 must have high volumes above 120k exceeding those of Feb 24.
Chart courtesy of Trading View
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Ripple (XRP) Under Pressure Within a 4 Cents Range

Ripple prices oscillating in a 4 cents range
xRapid adoption will catalyze XRP interest
Average participation levels more than half those of Feb 24-2.

Aside from IBM’s World Wire–which would in a way loosen banks allowing these conservative intermediaries to experiment with digital coins, Ripple enthusiasts are watching xRapid and how banks are responding to its value proposition. By using XRP, fund transfer will be faster and cheaper benefiting both parties. If banks are interested, prices of Ripple (XRP) will edge higher as demand increase.
Ripple Price Analysis
Fundamentals
Mercury FX is one of the few processors that leverage, xRapid, one of the three Ripple Inc suites designed explicitly for blockchain based cross border payment processing. With strategic offices in London and South Africa, Mercury FX is changing remittance.
According to Alastair Constance, their CEO, the processor processed $1.8 billion worth of transactions through their London office. However, they expect his figure to rise in days ahead now that they “are actively working with Ripple to market to expatriate Filipino and Mexican communities” and “steaming ahead…. looking for more jurisdictions and more flow to the jurisdictions they have already opened up.” As ideal as this may appear, Constance points out regulation and capital controls as obstacles preventing their fast expansion.
Candlestick Arrangements

Like before, Ripple (XRP) prices are under pressure and trending within a 4 cents range. As a result of this extended consolidation, none of our trading conditions are live. Nonetheless, our bullish stance is applicable and ideally, what we would like to see as a build up to higher highs is an increase in transaction volumes.
If that prints out and volumes remain constant, then a breakout would be on the cards. That would confirm—assuming prices rally above 40 cents—our bias or nullify our trade plan if XRP sinks below 30 cents.
Before then, the best trade plan is to remain on the sideline now that prices are inside Feb 24—25 counter bars. It is when a definitive trend takes shape that traders can participate depending on the direction of the breakout.
Technical Indicators
Participation is low averaging 15 million by Mar 20 close—data streams from BitFinex. If anything, this points to disinterest and starkly contrasts those of Feb 24 and 25 whose averages were 32 million. Unless otherwise, and as emphasized in previous trade plans, there is a surge above 65 million–triggering a rally or a meltdown—both sets of traders should remain on the sideline until a clear trend prints out.
Chart courtesy of Trading View
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Hold Bitcoin (BTC), Billionaire Recommends Even as Coin Demand Wane

Bitcoin prices likely to crumble
Chinese billionaire recommends hodling
Transaction volumes low averaging 6k.

Although Bitcoin is on an uptrend, it may correct in days ahead as sellers of Feb 24 flow back pouring cold water on bulls’ effort. All the same and according to Zhao, a Chinese billionaire, Bitcoin holders should hold as much as possible when nobody cares.
Bitcoin Price Analysis
Fundamentals
According to the US SEC, Bitcoin and Ethereum are the two most decentralized platforms. Indeed, as a pioneer and a growing network powered by a global community, Bitcoin represents freedom and a gradual disassociation from power. However, as dopamine-triggering as it is to own and transact with Bitcoin, we must not bury our heads in the sand.
Trading BTC is illegal in China, but the country is by a wider margin, home to more than 80 percent of all Bitcoin mining. Because of this, the “White House, in particular, seems to be thinking about what it means to have 80 percent of Bitcoin mining taking place in China and a majority of Ether mining taking place in China”, said Cory Johnson, the former Chief Marketing Strategist at Ripple in an interview. All in all, it will be counter-productive to orchestrate a 51 percent on the network despite claims that two Chinese pools have the firepower to attack the system even though it is highly unlikely.
While not allowing room for uncertainty, a Chinese billionaire Zhao Dong is calling for patience because if people” don’t pay attention to Bitcoin now, they won’t pay much attention to most of the time, so for them, only how many tens of thousands of Bitcoins will break them will be noticed again” adding that believers of BTC should “hold as much as possible when nobody cares.”
Candlestick Arrangement

For coin holders, it may be an excellent time to ramp up. However, for traders, candlestick arrangement points to weakness, and that means every high should be a liquidation level in days ahead. It is easy to see why.
A level deeper in the 4HR chart and demand is waning as prices flat out. It is likely that buyers will correct the over-extension of Mar 16. As a result, BTC could temporary slide back to $4,000, gifting aggressive traders an opportunity to ramp up with first targets at $4,500.
If not and prices rally above$4,200 or the 23.6 percent Fibonacci level of Dec 2018 high low, then it is likely that Bitcoin (BTC) could close above $4,500 by end month.
Technical Indicators
Feb 24—36k versus 19k average– is our anchor bar. In an effort versus result point of view, weak volumes are driving recent bulls and would likely crumble unless there is an injection of high transaction volumes above driving prices above $4,200 as aforementioned.
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Ethereum Price Analysis: ETH Turning Bullish, Targets Fresh Weekly Highs

ETH price gained traction and surpassed the key $138 resistance level against the US Dollar.
The price formed a strong support near the $136 level before climbing above $138.
This week’s major bearish trend line was breached with resistance near $138 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is now trading nicely above the trend line and eyeing more gains above $140 and $142.

Ethereum price slowly moved above key resistances against the US Dollar and bitcoin. ETH could continue to move higher towards the $145 resistance as long as it is above $138.
Ethereum Price Analysis
After a brief consolidation, ETH price formed a strong support near the $135 and $136 levels against the US Dollar. The ETH/USD pair slowly moved higher and broke a few important resistances near the $138 level. There was even a close above the $138 level and the 100 hourly simple moving average. This is a positive sign and has opened the doors for more gains above the $142 and $144 levels. More importantly, bitcoin price already climbed higher, challenging the $4,050 resistance, and it may continue to rise in the near term.
Therefore, it could help ETH, XRP, and other cryptocurrencies. During the recent upside, this week’s major bearish trend line was breached with resistance near $138 on the hourly chart of ETH/USD. There was a break above the 50% Fib retracement level of the last decline from the $142 swing high to $135 low. The price traded close to the $140 level and later corrected lower. It traded below the 23.6% Fib retracement level of the recent wave from the $135 low to $140 high.
However, the $138 level and the 100 hourly SMA acted as a strong support. Besides, the 50% Fib retracement level of the recent wave from the $135 low to $140 high acted as a support. The current price action suggests that the price is well supported above $138 and it may continue to rise. An immediate resistance is at $140, above which the price could break the $142 level.

Looking at the chart, ETH price is trading in a positive zone above the $138 level. If buyers remain in action, the price may even challenge the $145 resistance level. On the downside, if there is a break below the $138 support, the price may revisit the $136 support. The main support is near the $135 level.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is currently gaining traction in the bullish zone.
Hourly RSI – The RSI for ETH/USD climbed above the 50 level and it is currently near the 55 level.
Major Support Level – $138
Major Resistance Level – $142
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Ethereum (ETH) Disputations, Code Isn’t Law Insists Vlad

Ethereum prices stable but bullish
Code is Law a misnomer insists Vlad Zamfir of Casper Labs
Transaction volumes low but poised to expand as prices expand

After penning an article critiquing Szabo’s law, Vlad is clearly of the opinion that there ought to be an element of human participation within the Ethereum governance model. Nonetheless, Ethereum (ETH) prices are stable, and after three days of consolidation, it is likely that prices will edge higher with targets at $170.
Ethereum Price Analysis
Fundamentals
Public blockchains are inherently fractious and often factions sprout disagreeing on improvements, upgrades or even a fruitful push for equal representation. We saw that happen with Bitcoin Cash when contentious led to a split creating two chains in SV and ABC.
However, it is the current flame-throwing and uncomfortable topic of how best to deal with Parity Funds that is reviving the discussion on which governance model best suits Ethereum. As fractious and heated the atmosphere, well-articulated arguments from Vlad Zamfir is shedding light on the apparent lack of effective controls and human participation within Ethereum and the tendency towards adherence of Szabo’s law.
Drumming for pro-governance, Vlad is against the idea of protocol improvements or changes on the ground of technical maintenance as stipulated by Szabo. He argues that the perception that code is law is a misnomer and “too radically anti-legal to be part of a sensible crypto legal system.” All the same, his beliefs are against what blockchain represents—autonomy.
As a network, it should operate free from third parties—in this case, government, even if solutions riding on these networks seem to go against the incumbent and disrupt the status quo.
Candlestick Arrangement

Up 3.5 percent from last week’s close and stable in the past 24 hours, Ethereum (ETH) is trading within a tight trade range. With clear supports at $135 and trading within a clear bullish breakout pattern set in motion by Mar 4-5 double bar bullish breakout, the path of least resistance is clear.
Already, increasing demand and positive fundamentals—especially Joseph Lubin’s comments—indicate there is an undervaluation.
However, before conservative traders flow in, prices must first close above $170. It is likely that prices will rally in the short-term now that BB bands are spreading and prices appear to be banding along the upper BB pointing to increasing demand.
Technical Indicator
Since Ethereum (ETH) prices are trading inside Mar 15-16 bull bars, then is imperative that prices close above $150 or dip below $135 as price action confirm bulls of Mar 5 or bears flow affirming those of Feb 24. In any case, accompanying transaction volumes must be above averages of 230k or above 300k of Mar 5.
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Bitcoin (BTC) Going Mainstream, Accepted By a $4.7 Billion Company

Bitcoin Price steady, may rally
Avnet now accepts Bitcoin via BitPay
Participation low but demand picking up

By collaborating with BitPay, Avnet now joins the likes of Microsoft and Dell as corporations accepting Bitcoin as payment. Regardless, Bitcoin (BTC) prices are steady and could close above $4,000.
Bitcoin Price Analysis
Fundamentals
Based in Phoenix, Arizona and drawing $17.4 billion in revenue, Avnet—one of the largest electronic component distributors in the US and one of the most capitalized Fortune 500 Company has partnered with BitPay, a Bitcoin and Bitcoin Cash payment processor. Because of this tactical—and even profitable shift, Avnet is the third major corporation in the US to accept crypto payments after Microsoft and Dell.
“When a customer elects to purchase with Bitcoin (BTC) or Bitcoin Cash (BCH), Avnet will work with BitPay to verify the funds, process the order and complete the transaction. Avnet and BitPay will also have the ability to manage and process cryptocurrency requests outside the US on a country-by-country basis.”
In days ahead, the corporation will let their customers pay for services using cryptocurrencies in a move that reveals how the world if fast shifting from fiat and embracing a global and trusted alternative. Aside from immutability, the VP of Avnet, Sunny Trinh, pointed at several advantages tied to Bitcoin including cost saving and elimination of barriers common when rolling out products to the market.
Besides, settling with Bitcoin is usually faster and safer than using traditional set-ups charging exorbitant fees. If anything, this has been on the writing for a while. Avnet has been working with Bitcoin.com as they create a secure crypto wallet as the tech-centric company prepares for a transition to cryptocurrency.
Candlestick Arrangement

Even though Bitcoin (BTC) prices are trending inside Mar 16 high low, bulls appear to be in control. It is easy to see why.
Despite demand tapering in the last few days, prices are edging higher. At this pace, we expect a recovery of Feb 24 losses. That is mostly thanks to increasing demand and Bitcoin (BTC) prices rejecting lower lows as they align along the upper BB.
Like in our previous BTC/USD trade plans, every dip should be a buying opportunity with reasonable targets at $4,500. Such is only possible if BTC is steady above $3,800—our breakout level now minor support.
Technical Indicators
Participation is low, and in the next few days, Mar 16 candlestick anchors our trade plan. It has been successful in holding price action in the last few days and has decent volumes—13k versus 7k. Dictated by candlestick arrangements, buyers will be in control if prices race above $4,200. As always, accompanying this move must be high volumes exceeding 13k thereby confirming bull pressure of Mar 5.
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IBM World Wire Loosen Banks, Bullish for Ripple (XRP)

Ripple prices flat
Stellar—IBM partnership and roll-out of World Wire bullish
Transaction volumes must spike above 60 million for bulls or bears to be in charge

IBM involvement is a game changer. Although they are launching from Stellar, their confidence in blockchain could see banks experiment with crypto. In that case, some may decide to leverage RippleNet thereby boosting XRP prices—especially if they opt to use xRapid.
Ripple Price Analysis
Fundamentals
Optimistic as we may, we also recognize that banks are conservative. Before experimenting with new technology, it is unusual for them to demand demonstrations with cogent explanations as to why they should shift. However, it is the entry of IBM and Big Blue’s decision to launch a similar service in World Wire, which somehow competes with Ripple.
From public data, both promise to cheap and instantaneous fund transfer in a secure medium via digital assets—XRP in Ripple and stable coins of even fiat in World-Wire. Ripple utilizes their proof of correctness ledger while IBM has a rather fruitful partnership with Stellar Network.
The same person, Jed McCaleb founded these ledgers. Nevertheless, a game changer in this situation is IBM track record in banking. By actively offering solutions for financial institutions as they aim to improve customer experience by “building agile core banking systems, offering innovative payment services and optimizing enterprise risk management,” banks will be willing to experiment with the idea of unregulated, decentralized money.
That means, with the field open, some may decide to join a more mature ledger actively working with regulators from all over the world in RippleNet, therefore, increasing Ripple’s customer base.
Candlestick Arrangement

All the same, Ripple (XRP) prices are under immense sell pressure. At the time of writing, the third most valuable coin was up 1.6 percent from last week’s close with a market cap of $13 billion meaning the gap between ETH—XRP is widening.
 
Despite this “insurmountable” sell pressure, we are optimistic of price surges. Backing our stance is strong supports at 30 cents. In the last three months, sellers have been unsuccessful and yet to drive prices below 30 cents as prices consolidate within a tight 4 cents trade range.
Unless otherwise there are breaks below this support level, it is highly likely that the result of this accumulation is a strong breakout above 40 cents mirroring gains of late Sep 2018.
Technical Indicators
By yesterday’s close, participation was low at 6 million averaging 14 million. Since we are bullish, we expect prices to spike. Complementing this is increment would be high volumes exceeding 60 million.
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Bitcoin (BTC) Price Hesitates But Further Gains Seem Likely

Bitcoin price formed a strong support near the $3,940 level and climbed higher against the US Dollar.
The price managed to clear the $3,965 and $3,980 resistance levels to move into a positive zone.
Yesterday’s highlighted key bearish trend line was breached with resistance at $3,970 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The current price action is positive, but buyers need to gain strength above the $4,000 resistance.

Bitcoin price started a slow and steady rise against the US Dollar. BTC is showing positive signs and it seems like there could be an upside extension above the $4,000 and $4,040 levels.
Bitcoin Price Analysis
Recently, we saw a downside correction in bitcoin price below the $4,000 support against the US Dollar. The BTC/USD pair declined below the $3,980 and $3,960 levels. However, the $3,940 level acted as a strong support along with the 100 hourly simple moving average. Later, a solid support base was formed above $3,940 and the price slowly moved higher. It broke the $3,960 resistance and the 50% Fib retracement level of the last slide from the $4,041 high to $3,935 swing low.
More importantly, yesterday’s highlighted key bearish trend line was breached with resistance at $3,970 on the hourly chart of the BTC/USD pair. The pair climbed above the $3,980 level to move into a positive zone. It traded above the $4,000 level and formed a high at $4,017 before correcting lower. There was a push below the 50% Fib retracement level of the last wave from the $3,836 low to $4,014 high. However, the price seems to be following an ascending channel with support at $3,965.
Besides, the 61.8% Fib retracement level of the last wave from the $3,836 low to $4,014 high is also near $3,965. Finally, the 100 hourly SMA is also positioned near the $3,960 support area. Therefore, the price could climb higher as long as it is above $3,960. An initial resistance is at $4,020, above which the price may test the $4,040 resistance.

Looking at the chart, bitcoin price is slowly gaining bullish momentum above the $3,980 level. However, BTC buyers need to gain strength above $4,020 and $4,040 to sustain the recent trend. Conversely, if there is a downside break below $3,960, the price could decline towards the 3,940 support. Any further losses might call for a sharp dip towards the $3,875 support in the near term.
Technical indicators:
Hourly MACD – The MACD is about to move into the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD moved above the 50 level and it is moving higher towards 60.
Major Support Levels – $3,960 followed by $3,940.
Major Resistance Levels – $4,000, $4,020 and $4,040.
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Crypto Market Remains Vulnerable: Litecoin (LTC), BCH, TRX, ADA Price Analysis

The total crypto market cap is struggling to climb higher and it could break the $133.0B support.
Litecoin (LTC) price moved below the $60 support and it could extend the downside correction.
Bitcoin cash price declined below the $160 support and it may retest the $155 or $150 support.
Tron (TRX) price failed to stay above $0.0230 and it is moving down towards $0.0220.
Cardano (ADA) price is up more than 3% and it is trading nicely above the $0.0500 support area.

The crypto market cap is currently at a risk of a downside break. Bitcoin (BTC), Ethereum (ETH), ripple, litecoin (LTC), bitcoin cash, TRX, XLM and ADA could decline heavily if sellers gain control.
Bitcoin Cash Price Analysis
Recently, bitcoin cash price started a downside correction after it failed to clear the $165 resistance against the US Dollar. The BCH/USD pair corrected lower and broke the $160 support recently. The current price action suggests that the price may move further lower towards the $155 support level.
The main support is near the $150 level, where buyers are likely to emerge. On the upside, an initial resistance is at $160 and $162, above which the price is likely to clear the $165 resistance in the near term.
Litecoin (LTC), Tron (TRX) and Cardano (ADA) Price Analysis
Litecoin price climbed to a new monthly high recently and traded above the $60 level. Later, LTC price started a downside correction and traded below. It seems like there could be more downside and the price may test the $58 or $56 support level. On the upside, the key resistances are $60 and $62.
Tron price remained under a lot of pressure and it recently failed to hold the $0.0230 support level. TRX price is now trading well below $0.0230 and it could continue to move down towards the $0.0220 support level.
Cardano price gained bullish momentum this week and broke the $0.0500 and $0.0510 resistance levels. ADA price is currently up more than 3% and it seems like it could surpass the $0.0520 and $0.0525 resistance levels to move further into the positive zone.

Looking at the total cryptocurrency market cap hourly chart, there were a couple of rejections near the $136.0B and $137.0B levels. The market cap moved down recently and it is currently trading near a crucial support at $133.2B. If there is a downside break, the market cap could decline towards the $132.0B or $130.0B support levels. In the mentioned scenario, there are chances of a downside extension towards the key $125.0B support. On the other hand, an upside break above $135.0B may spark bullish moves in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, TRX, XMR, XLM and other altcoins.
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Ethereum (ETH) A Strong Buy According to Joseph Lubin of Consensys

Ethereum prices bullish above $135
Joseph Lubin expects prices to rally
Volumes low, dropped by half in the last week

Weeks after retrenching staff, Consensys CEO is confident that ETH prices will surge 1000X. This is partly thanks to the launching of Ethereum 2.0 and prospects of dealing with scalability. Therefore, that means there is a huge Ethereum (ETH) undervaluation.
Ethereum Price Analysis
Fundamentals
Consensys is the Brooklyn-based software-production studio that is backed by Joseph Lubin. Joseph is one of the top contributors of Ethereum. Months after announcing plans of the studio’s  “re-focusing of their priorities” at the back of dropping asset prices and a biting crypto winter, Joseph believes that ETH prices will surge 1000X in the next two years.
With an eager audience during the ConsenSysSXSW 2019 in Austin, the tech leader is banking on Ethereum 2.0 and the development of layer 2 scalability solutions that will see Ethereum platform efficiently handle the influx of transactions without sacrificing speed or hiking fees:
“Ethereum 2.0 is launching soon. We have eight teams working currently on Phase 0 of the four phases of the roadmap. We will further develop the base layer of the Layer 2 expansion solution, which will be in the next 18- at least 1000 times in 24 months. Once this completes, Ethereum will continue to expand. Since the start of the ecosystem in 2009, Ethereum has seen many incredible rises in the price of the tokens followed by many corrections. One of the significant corrections was done in 2018, which was 5,000-times more valuable than when ETH was initially launched.”
Candlestick Arrangement

Meanwhile, Ethereum prices are stagnating above $135 but up four percent from last week’s close. From candlestick arrangement, buyers are in charge and trading within a bullish breakout pattern with immediate supports at $135.
Even so, we must realize that sellers are overly in charge especially if we break down the price from a top-down approach. Note that $170, though more than $30 away is a vital resistance and previous support. As reiterated in previous ETH/USD trade plan, price surges above $170 should have strong bases.
That, therefore, means consolidation above Mar 5 highs and oscillation within Mar 15-16 high lows. Any drop below $135 nullifies this trade plan and could catalyze a sell-off towards $100, a psychological round number.
Technical Indicators
Flat-lining prices equate to low participation levels, and that is evident from the chart. From Mar 5 when decent volumes—302k versus 296k, accompanied prices, participation averages have dropped to 160k hinting of low demand. Moving on and as laid out in prior trade plans, gains above $150 confirming bulls of Mar 5 must be with high volumes exceeding 330k or even 1 million of Feb 24.
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