Bitcoin Price Watch: BTC Bulls And Bears Lock Horns For Next Break

Bitcoin price spiked towards the $4,000 resistance, but failed once again versus the US Dollar.
The price traded lower and broke the $3,950 and $3,940 support levels.
There was a break below a connecting bullish trend line with support at $3,925 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair remains well supported above $3,860 and the 100 hourly simple moving average.

Bitcoin price is still facing a strong resistance near the $4,000 zone against the US Dollar. BTC bears and bulls locked horns as the price prepares for the next key break.
Bitcoin Price Analysis
Yesterday, we discussed about a possible upside acceleration above $4,000 in bitcoin price against the US Dollar. The BTC/USD pair did gain traction and broke the last swing high near $3,972. It traded close to the $4,000 resistance, but failed to gain strength. A new weekly high was formed at $3,985 and later the price declined sharply. The decline was such that the price broke the $3,950 and $3,940 support levels.
More importantly, there was a break below a connecting bullish trend line with support at $3,925 on the hourly chart of the BTC/USD pair. The pair traded close to the $3,860 support, where buyers emerged. A low was formed at $3,864 and the price is currently correcting higher. It moved above $3,900 and the 23.6% Fib retracement level of the recent decline from the $3,985 high to $3,864 low. However, the price is facing resistance near the previous support at $3,925.
Besides, the 50% Fib retracement level of the recent decline from the $3,985 high to $3,864 low is acting as a resistance. It seems like there is an ascending channel in place with resistance at $3,930. A successful break above the channel and $3,940 could push the price towards the $3,970 level. On the downside, an initial support is near the $3,870 level and the 100 hourly simple moving average. The main support is at $3,860, below which the price could test the $3,830 level in the short term.

Looking at the chart, bitcoin price seems to be confined in a tight range below the $4,000 resistance. It could either climb above the $4,000 barrier and trade towards the $4,200 level or extend the recent decline. Having said that, the price must stay above the $3,830 level. If not, there is a risk of a sharp drop towards the $3,720 support.
Technical indicators
Hourly MACD – The MACD is placed slightly in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is placed just above the 50 level.
Major Support Level – $3,860 followed by $3,830.
Major Resistance Level – $3,940, $3,975 and 4,000.
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Crypto Market Targets Fresh Highs: Bitcoin Cash, EOS, XLM, TRX Price Analysis

The total crypto market cap declined recently, but it found support near the $126.5B level.
Bitcoin cash price corrected lower and declined below the $146 and $145 support levels.
EOS price is currently consolidating gains above the $3.85 support area
Stellar (XLM) corrected higher, but it struggled to break the $0.0920 resistance area.
Tron (TRX) is confined in a range below the $0.0255 resistance area.

The crypto market is holding a crucial support and it could bounce back. Bitcoin (BTC), BCH, Ethereum, EOS, ripple, stellar (XLM), tron (TRX) and other major altcoins are likely to grind higher.
Bitcoin Cash Price Analysis
Recently, bitcoin cash price started a downside correction after it failed near the $150 resistance area against the US Dollar. The BCH/USD pair slowly declined and it recently broke the $146 and $145 support levels. The price is currently trading below $145, with supports near the $144, $142 and $140 levels.
On the upside, the price could face sellers near $146 before it retests the $148 resistance. The main resistance for buyers is near the $150 level, above which the price will most likely trade towards $155 in the coming days.
EOS, Stellar (XLM) and Tron (TRX) Price Analysis
EOS price remained in a solid uptrend and it recently broke the $3.80 and $3.85 resistance levels. The price settled above the $3.85 level and it is currently consolidating gains. On the upside, an initial resistance is at $3.90 and $3.92, above which the price could revisit the key $4.00 resistance area. On the downside, a break below $3.85 may push the price towards the $3.80 support.
Stellar price started an upside correction and it recently broke the $0.0850 resistance level. However, XLM price failed to gain strength above the $0.0920 resistance and later corrected lower. On the downside, supports are visible near the $0.0850 and $0.0820 levels.
Tron price mostly traded in a broad range above the $0.0450 support area. TRX price recently tested the $0.0255 resistance, where sellers emerged. The price declined again below $0.0250 and it may revisit the $0.0245 support area in the near term.

Looking at the total cryptocurrency market cap hourly chart, there was a spike above the $132.5B resistance level. However, the market cap failed to stay above the $132.0B level and later declined. It broke the $130.0B support and tested the key $126.5B support area. Later, the market cap bounced back, but it is facing sellers near the $130.0B resistance level. Therefore, there could be a few bearish moves before the crypto market cap attempts to retake the $130.0B and $132.0B resistance levels. Overall, there could be short-term bearish moves in bitcoin, Ethereum, EOS, ripple, LTC, bitcoin cash, XLM, TRX, and other altcoins before fresh increase.
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Ripple Price Analysis: XRP Signaling Bearish Extension In Short Term

Ripple price failed to stay above the $0.3250 and $0.3200 support levels and declined against the US dollar.
This week’s followed major bullish trend line was breached with support near $0.3245 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair declined below $0.3200 and tested the next key support near the $0.3140 level.
The current price action is slightly bearish, suggesting more losses towards the $0.3050 support area.

Ripple price failed to hold gains and declined recently against the US Dollar and bitcoin. XRP/USD could decline towards the $0.3050 support before it can start a fresh upward move.
Ripple Price Analysis
Yesterday, we discussed a few important support levels near the $0.3250 level for ripple price against the US Dollar. Recently, the XRP/USD pair started a downside move from well above the $0.3400 level and declined below the $0.3300 and $0.3280 supports. Later, the price found a strong support near the $0.3250 level. More importantly a crucial breakout pattern was formed with support near $0.3250. However, buyers failed to hold gains, resulting in a sharp decline below $0.3250.
During the decline, the price broke the $0.3220 support and the 100 hourly simple moving average. Besides, this week’s followed major bullish trend line was breached with support near $0.3245 on the hourly chart of the XRP/USD pair. The pair even traded below $0.3160 and tested the $0.3150 support. A low was formed at $0.3144 and the price is currently correcting higher. It is testing the 23.6% Fib retracement level of the recent drop from the $0.3337 high to $0.3144 low. However, there are many hurdles on the upside near the $0.3190 and $0.3200 levels.
There is also a bearish trend line in place with resistance near $0.3200 and the 100 hourly SMA. Therefore, a successful break above $0.3200 is needed for a decent recovery. The next resistance could be $0.3250 and the 50% Fib retracement level of the recent drop from the $0.3337 high to $0.3144 low.

Looking at the chart, ripple price likely moved into a bearish zone below the $0.3250 support level. The current price action is slightly bearish, suggesting more losses towards the $0.3050 support area. Having said that, losses could be limited and sooner or later the price may bounce back above $0.3200. Finally, a close above $0.3250 will most likely boost the market sentiment in favor of buyers.
Technical Indicators
Hourly MACD – The MACD for XRP/USD recovered and moved back in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD recovered recently, but failed near the 50 level.
Major Support Levels – $0.3150, $0.3140 and $0.3100.
Major Resistance Levels – $0.3200, $0.3240 and $0.3250.
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Ethereum Price Analysis: ETH Hesitates But Break Above $150 Seem Likely

ETH price is currently trading in a broad range above the $140 and $142 supports against the US Dollar.
The price seems to be facing a strong resistance near the $148 and $150 levels.
There is a key bullish trend line formed with support at $143 on the hourly chart of ETH/USD (data feed via Kraken).
The pair must stay above the $140 support to clear the $150 barrier in the near term.

Ethereum price is likely preparing for the next break against the US Dollar and bitcoin. ETH/USD could struggle in the short term, but it will most likely break the $150 resistance area.
Ethereum Price Analysis
Recently, ETH price traded higher towards the $148 and $149 resistances against the US Dollar. However, the ETH/USD pair failed to surpass the $148 resistance on more than two occasions. As a result, there was a fresh drop and the price traded below the $144 level. The price traded close to the $142 support, where buyers emerged. A swing low was formed and later the price corrected higher. It recently moved above $144 and tested the 50% Fib retracement level of the last slide from the $149 swing high to $142 swing low.
At the moment, the $145-146 zone is acting as a short term resistance. An immediate resistance is the 61.8% Fib retracement level of the last slide from the $149 swing high to $142 swing low. A fresh close above the $148 level is needed for buyers to gain strength. More importantly, buyers need to successfully break $150 to start a new upward wave. The next key resistance is near $154 and the 1.618 Fib extension level of the last slide from the $149 swing high to $142 swing low.
On the downside, an initial support is near $144. Besides, there is a key bullish trend line formed with support at $143 on the hourly chart of ETH/USD. The main supports are near the $142 and $140 levels. A downside break below the $140 support could open the doors for a sharp decline in the coming sessions. Therefore, it’s very important for the price to stay above $140 in order to challenge and break $150.

Looking at the chart, ETH price seems to be trading in a range above the $140 and $142 support. Having said that, there are a few bearish patterns emerging on the charts, suggesting a pullback below $140.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is slowly gaining pace in the bullish zone, with positive signs.
Hourly RSI – The RSI for ETH/USD is rising sharply and it is placed well above the 50 level.
Major Support Level – $142
Major Resistance Level – $148
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Bitcoin (BTC) Prices Cool Off, KYC and AML Defeat Purpose of Crypto

Bitcoin prices cool off but up 8.7 percent in the last week
KYC, AML and other rules imposed by centralized exchanges defeats crypto objectives
Transaction volumes taper as prices consolidate

Albeit the excitement around expanding prices and wave of adoption, KYC and AML rules that expose user identity but made mandatory by exchanges defeat the very purpose of crypto. Progress is visible and would organically pump Bitcoin (BTC) prices.
Bitcoin Price Analysis
Fundamentals
After a decade of wonderful-and even jaw-dropping progress, it may be about that time when participants can begin asking hard questions. Yes, it is understandable that Bitcoin is the most valuable coin and its transaction levels rival those of MasterCard.
Regardless, isn’t it time to relegate centralized exchanges to the background? Centralized exchanges are and continue to be pivotal in the crypto space providing the necessary rails for crypto to crypto transactions as well as crypto to fiat or vice versa kind of operations.  In China, for example, crypto exchanges are banned. In Japan, they must register with the FCA, and the same applies in almost all countries that accept crypto as a medium of exchange, a property but not legal tender.
However, it is the application of KYC, AML and other rules that gatekeepers claim are to prevent floaters from “washing” their money or financing terrorism via crypto. In a way, it defeats the very purpose of cryptocurrency as an anonymous and transparent alternative to fiat money.
The good thing is the community is working ways around this innovating and introducing techniques as sub-atomic or atomic swaps and drumming support for unhackable DEXs. Add this to the promotion of interoperability, and it is only a matter of time before we see the real influence of crypto.
Candlestick Arrangements

At the time of writing, BTC prices are cooling off and are stable in the daily chart. Even with this, bulls are in control and the fact that our previous BTC/USD trading plans are valid, aggressive traders can take this opportunity to add up their longs on every dip. Ideal buy zones according to data streams from BitFinex lines at around the $3,800 buy trigger mark. Any retracement that retests this level could be suitable for risk-off traders aiming at $4,500 and even $6,000.
Technical Indicators
Anchoring our analysis is Feb 18 high volume bull bar. Notice that it had high volumes—37k against 12k averages. Follow through bars have low volumes, and is a reflection of low participation is price consolidation. Typical of crypto rallies, a correction is inevitable, and any trend confirming (or nullifying) bar should have high volumes above 37k.
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Bitcoin Price Watch: BTC Readies For Bullish Acceleration Above $4,000

Bitcoin price is well supported on the downside near the $3,900 and $3,850 supports against the US Dollar.
The price is likely to accelerate gains above the $3,975 and $4,000 resistance levels.
There is a major bullish trend line formed with support at $3,900 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could dip a few points, but buyers are likely to protect declines below $3,850.

Bitcoin price is likely setting up for the next break above $4,000 against the US Dollar. BTC could gain bullish momentum towards $4,200 if it succeeds in surpassing the $4,000 resistance.
Bitcoin Price Analysis
Yesterday, we saw a minor downside correction from the $3,975 swing high in bitcoin price against the US Dollar. The BTC/USD pair traded below the $3,900 support level, but it found support near the $3,860 level. Later, it formed a support base above $3,860 and finally started a fresh upward move. It broke the 50% Fib retracement level of the recent decline from the $3,974 high to $3,861 low. Besides, there was a break above a connecting bearish trend line at $3,900 on the hourly chart of the BTC/USD pair.
The pair settled above the $3,920 level and traded close to the $3,950 resistance. BTC tested the 76.4% Fib retracement level of the recent decline from the $3,974 high to $3,861 low. It is currently consolidating below $3,950, with a bullish angle. The current price action is positive and it seems like there could be more gains above $3,950 and $3,975. However, a successful break above the $4,000 resistance is must for an upside acceleration. The next key resistance is near $4,180 and $4,200 levels.
On the downside, the main support is near the $3,900 level. There is also a major bullish trend line formed with support at $3,900 on the same chart. Should BTC decline below the trend line, it could test the $3,860 and $3,830 support levels. The final support is at $3,800 and the 100 hourly simple moving average. Below the 100 hourly SMA, the price could decline towards $3,720.

Looking at the chart, bitcoin price is clearly trading with a bullish bias above the $3,900 and $3,860 supports. Therefore, there are high chances of more upsides above the $3,975 and $4,000 resistance. Buyers could aim for $4,200 if there is a successful hourly close above the $4,000 barrier in the near term.
Technical indicators
Hourly MACD – The MACD is slowly gaining strength in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently well above the 50 level, with a positive angle.
Major Support Level – $3,900 followed by $3,860.
Major Resistance Level – $3,950. $3,975 and 4,000.
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Crypto Market Could Rally Further: EOS, Bitcoin Cash, TRX, ADA Price Analysis

The total crypto market cap is preparing for more gains above the $132.5B resistance level.
EOS price gained more than 7% recently and broke the $3.80 and $3.85 resistances.
Bitcoin cash price is consolidating below the key $150 resistance level.
Tron (TRX) price moved back above the $0.0250 resistance, but there was no follow through.
Cardano (ADA) price is grinding higher and it could soon test the key $0.0500 resistance area.

The crypto market is primed for more gains, with bullish moves in bitcoin (BTC) and Ethereum (ETH). EOS, BCH, ripple, tron (TRX), ADA and other altcoins are likely to accelerate higher.
Bitcoin Cash Price Analysis
Bitcoin cash price remained well bid above the $142 and $145 support levels against the US Dollar. The BCH/USD pair tested the $150 resistance level recently and later declined. However, the $145 support acted as a solid buy zone and later the price bounced back.
The price needs to gain strength above the $148 and $150 resistance levels to move further higher in the coming sessions. In the mentioned case, the price could revisit the $160 resistance zone.
EOS, Tron (TRX) and ADA Price Analysis
EOS price performed really well recently after it corrected lower from the $3.00 resistance. The price found support above the $2.70 support level and later bounced back. It is up more than 7% and moved above the $2.80 and $2.85 resistance levels. An immediate resistance is at $2.92, above which the price could test the $3.00 resistance zone in the near term. The key supports on the downside are $2.82 and $2.80.
Tron price moved to and fro between the $0.0240 and $0.0255 levels. TRX price is currently traded above the $0.0250 resistance, but it must break the $0.0255 resistance to gain strength. The next main resistance is at 0.0262 and $0.0265.
Cardano price remained well bid above the $0.0420 support area. ADA price recently broke the $0.0450 and $0.0465 resistance levels to set the pace for more gains. The current price action is positive and it seems like the price could continue to move higher towards the $0.0500 resistance area in the near term.

Looking at the total cryptocurrency market cap hourly chart, there is a solid uptrend in place above the $125.0B support area. The market recently corrected lower and tested the $127.00B level. Later, it bounced back above $130.0B and it seems like it could break the $131.0B and $132.5B resistance levels in the next few hours. If buyers gain strength, the market cap could surge towards the $135.0B and $140.0B levels. Therefore, there could be more upsides in bitcoin, ETH, XRP, tron, bitcoin cash, litecoin, EOS, stellar, IOTA and other altcoins.
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A Successful Binance DEX Mainnet Could See Binance Coin (BNB) Prices Double

 

Binance coin up 17.1 percent in the last week

Testnet launch live, users free to test the DEX and Binance chain explorer

Transactional volumes double from Dec 2018

 
BNB is back to the top 10, and with increasing volumes and DEX and explorer test net, coin holders are likely to reap big profits. So far, Binance coin is up 17.1 percent and back to the top 10.
Binance Coin (BNB) Price Analysis
Fundamentals
Like Ethereum’s ETH, Binance Coin is a utility token in the Binance chain network. It is a tool for incentivizing use and so far, the coin is rallying. Perhaps induced by the overly successful BitTorrent’s BTT ICO, the currency is retesting key resistance levels of 2018.
Adding to the bullish impetus is news that both the Binance Coin and the Bitcoin DEX testnet is now open to the public. The new release will allow testing of the Binance Coin chain explorer as well as the Web Wallet. Binance said this about the new testnet:
“Binance Chain is a new blockchain developed and released by Binance. Binance DEX is a high performance and user-friendly platform built on top of Binance Chain, where users can create, issue and trade digital assets.”
To get started in what Binance describes as a standard for DEXs, all a user needs to do is set up a new wallet, unlock the wallet, transfer assets and place orders right away.
The eventual launch of the mainnet will be very bullish for Binance coin as users of the Binance DEX will have to pay for gas to power transactions. Gas and fees are quoted in BNB only and assuming there is an immediate shift from centralized exchanges to unhackable Binance DEX–with better liquidity and UIs, then BNB holders stand to benefit.
Candlestick Arrangements

Thus far, the coin is up 17.1 percent in the last week. Aside from favorable candlestick arrangement, the sole reason behind this week’s expansion may be because of DEX testnet. As we said, Binance is yet to announce the mainnet launch, but from the chart, the path of least resistance is upwards.
A simple Fibonacci retracement tool between the BNB’s high low show that prices are finding support off the 78.6 percent level and with increasing volumes, bulls are back. Technically and when we draw guidance from Fibonacci retracement rules, the reaction at 78.6 percent level often leads to a retest of recent highs and in that case ideal targets may be 2017 highs of $26. All the same, before BNB explode, modest targets will be at Q2 2018 highs of $18.
Technical Indicators
 
Week ending Feb 10 bull bar reversed losses of the week ending Nov 25. Accompanying these upswings are increasing average volumes–7 million to 15 million and wide trade ranges which is bullish. Although we expect prices to cool off, ideal reversal zones will be at around last week’s lows of $8.5. However, such deep corrections are unlikely. Sellers may drive prices back to the $10 level before bull trend resume.
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Japanese Bank Head Endorse Ripple (XRP) says Bitcoin (BTC) Has no Value

 

Ripple price trajectory is up

Yoshitaka Kitao endorses Ripple (XRP)

Transactional volumes on the rise

 
SBI Holdings and Yoshitaka Kitao are Ripple (XRP) proponents and believe the coin will somehow revolutionize cryptocurrency. Anyhow, with the launch of SBIVC expected in weeks, our previous XRP/USD trade plans will be validated.
Ripple (XRP) Price Analysis
Fundamentals
Sometimes, the head of SBI Holdings Yoshitaka Kitao may appear over-optimistic about Ripple and XRP abilities to revolutionize crypto. SBI Holdings anchors and is the nucleus of Ripple activities in Asia. As the majority holder of SBI-Ripple Asia alliance, they have been promoting adoption in the crypto-active region.
March is when the SBIVC exchange will launch and with XRP paired against the Japanese Yen, we expect an immediate effect on price. However, the real impact is projected to be in August when adoption will be center stage, and there will be regulatory clarity on the status of XRP as a token.
Add this to SBI Holdings plans of supporting Ripple Inc and aid in their ambition of driving the coin to new heights. Bullish signals are flashing. Here is what Yoshitaka Kitao said:
“Under these circumstances, we will promote efforts to expand the practical use of virtual currency like XRP more and more. Also, on the other side, we will provide investment instruments incorporating virtual currency into institutional investors.”
He continues, adding that BTC is expensive and XRP is designed for global cross border payments because it is cheap and settlement is almost instantaneous:
“There is basically no value for Bitcoin. The current price of Bitcoin makes it harder and harder to use in practical ways. So I think that XRP will probably become the number one crypto asset. We are aiming to make that happen.”
Candlestick Arrangements

The path to a possible BTC–XRP flip is long if not next to impossible. At current valuations, XRP is more than 4.5 times more valuable than BTC, and if Kitao comments are valid, then XRP is grossly undervalued.
The third most valuable coin is now changing hands at 33 cents and up 7.1 percent in the last week. While BTC and ETH are posting huge gains from last week’s close, XRP is struggling against bears and consolidating in lower time frames.
Because of this, our XRP/USD trade conditions are not yet true and risk-off traders ought to hold off from executing longs despite high-volume bull bars trending below 34 cents. It is only after a full bar close above 34 cents is when traders can load up on dips with first targets at 40 cents and later 60 cents.
Technical Indicators
Encouragingly, transactional volumes are increasing, and XRP is expanding as a result. In the last few days, averages have risen from 15 million of Jan 29 to 22 million posted yesterday. However, as aforementioned, we need strong market participation driving prices above 34 cents with volumes above 52 million or 83 million of those of Jan 10.
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Bullish Bitcoin (BTC) Inch Close to $4,500 as Tech Leader Says it is Better than Paper Money

 

Bitcoin prices are trending higher, up 8.1 percent in the last week

Elon Musk says Bitcoin and crypto is brilliant for value transfer

Transactional volumes high, behind recent higher highs

 
Adoption is on the rise, and it is at this juncture that Elon Musk has reasons to believe that Bitcoin is brilliant and a better tool for value transfer. As an influencer, this is bullish, and as long as prices are on the rise, we expect momentum to build up.
Bitcoin (BTC) Price Analysis
Fundamentals
Interesting days ahead. There is a full adoption wave, and that is what the community needs. While Bitcoin is fashioned to be an alternative to government-issued paper money, most corporations are reluctant to take the lead and accept it as a form of settlement for customers willing to use the global coin. Tesla is a public listed company, but the founder Elon Musk has on numerous occasions aired his two cents on Bitcoin and cryptocurrency. He continues to make comments, but the company is yet to make it clear whether they will be accepting BTC for their new, fuel-free Tesla. Considering Tesla’s objective of championing green, sustainable energy which is everything against the mechanics powering the network–energy demanding chip-sets, it is unlikely that they will quickly jump in and join other companies like Trading View for example which is accepting BTC in its purest form.
Nonetheless, the question of sustainable energy and blanket conclusions made by critics of the tech that Bitcoin is not at all power efficient continues to draw debate and is quite sticky especially if we factor in the nomadic nature of miners and their propensity to set rigs in a zone with cheap, surplus power. All the same, Elon Musk being an innovator and entrepreneur has some bullish insights on Bitcoin. He calls the rare coin brilliant and a better conduit for the transfer of value.
Candlestick Arrangement

Prices are correcting, but the path of least resistance is up. At spot rates, BTC is up 8.1 percent in the last week and trading above $4,000 according to data streams from BitFinex. Because our trade conditions are live and traders can fine-tune their entries in lower time frames with the first target at $4,500, fitting stops should be around $3,500–$3,800 zone. Like in our previous emphasis, once prices edge past $4,500 or Dec 2018 highs, it is likely that BTC prices will expand towards $5,800–$6,000 at the back of strong volumes.
Technical Indicators
In the secondary volumes charts, participation is on the rise. Since recent higher highs are at the back of strong volumes–37k, it is clear that bulls are in charge unless of course there are counter moves with equally high liquidation volumes.
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Bitcoin Price Watch: Pullback In BTC Before Fresh Increase

Bitcoin price extended gains above $3,900 and traded close to the $4,000 resistance against the US Dollar.
The price traded as high as $3,973 and later started a downside correction.
There is a short term breakout pattern in place with support at $3,875 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is likely to correct further lower towards the $3,830 or $3,800 support levels before fresh increase.

Bitcoin price failed to surpass the $4,000 resistance and corrected lower against the US Dollar. BTC could tested the $3,800 support area before a new upward move towards $4,000.
Bitcoin Price Analysis
Yesterday, we saw a strong rally above the $3,750 resistance in bitcoin price against the US Dollar. The BTC/USD pair spiked towards the $3,950 level and later corrected lower. However, the $3,830 support prevented losses and the price bounced back. It broke the last swing high and traded close to the $4,000 resistance. A new weekly high was formed at $3,973, but the price failed to test the $4,000 barrier. As a result, there was a fresh downside correction and the price declined below $3,950 and $3,920.
There was a break below the 23.6% Fib retracement level of the last wave from the $3,684 low to $3,973 high. However, the current decline is finding bids near yesterday’s highlighted bullish trend line with support at $3,880. More importantly, it seems like there is a short term breakout pattern in place with support at $3,875 on the hourly chart of the BTC/USD pair. If there is a downside break, the pair could test the next key support at $3,830. It coincides with the 50% Fib retracement level of the last wave from the $3,684 low to $3,973 high.
If the price fails to hold the $3,830 support, it could test the main $3,800 support area in the near term. On the upside, the price must break the $3,925 and $3,950 resistance levels to revisit $3,975. The main resistance for buyers is near the $4,000 level, above which there are chances of further gains.

Looking at the chart, bitcoin price seems to be setting up for the next break either above $3,925 or below $3,875. In the short term, there could be a few bearish moves, but the $3,800 support is likely to hold losses. Below $3,800, the price could drop towards the $3,720 support.
Technical indicators
Hourly MACD – The MACD is currently in the bearish zone, with a few positive signs.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently flat near the 50 level.
Major Support Level – $3,830 followed by $3,800.
Major Resistance Level – $3,925. $3,950 and 4,000.
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Crypto Market Eyes Additional Gains: BNB, EOS, Bitcoin Cash, Tron (TRX) Analysis

The total crypto market cap traded towards the $132.5B level and later corrected lower.
EOS price traded above the $3.50 resistance and it is currently consolidating gains.
Binance Coin (BNB) rallied more than 10% and broke the $10.00 resistance area.
Bitcoin cash price is placed nicely above the $140 support, with a bullish bias.
Tron (TRX) price failed to stay above the $0.0250 support and later declined.

The crypto market started a downside correction, but it remains supported. Dips in bitcoin (BTC), Ethereum (ETH), Binance coin (BNB), BCH, ripple, EOS, TRX and ADA are likely to find buyers.
Bitcoin Cash Price Analysis
Bitcoin cash price gained traction recently and broke the $135 and $140 resistances against the US Dollar. The BCH/USD pair even traded above the $145 level and later started a downside correction. On the downside, the key supports are near $142 and $140, below which the price might test the $135 support.
On the upside, an initial resistance is near the $145 level, above which the next hurdle for buyers is at $148 and $150. In the short term, there could be range moves, but the price is likely to gain further above $145.
EOS, Tron (TRX) and BNB Price Analysis
EOS price gained a strong bullish momentum above the $3.00 resistance area. It broke the $3.25 and $3.50 resistance levels to register heavy gains. At the moment, the price is consolidating above the $3.50 support, with resistances near the $3.62 and $3.70 levels.
Tron price moved above the $0.0250 resistance level, but it failed to hold gains. TRX price topped below the $0.0255 resistance and later declined below the $0.0250 support. The price is down more than 2% and it seems like it could retest the $0.0245 support area in the near term.
Binance coin (BNB) rallied recently above the $9.50 and $10.00 resistance levels. BNB price gained more than 10% and even surpassed the $10.50 resistance. The next major hurdle for buyers is near the $11.00 level, above which the price might eye a test of the $12.00 level.

Looking at the total cryptocurrency market cap hourly chart, there was a strong upward move above the $120.0B and $125.0B resistance levels. The market cap even broke the $130.0B resistance level and tested the $132.5B level, where it faced resistance. Later, it started a downside correction and declined below $130.0B. However, there are many supports near $126.0B, $125.0B, and a bullish trend line on the same chart. Therefore, as long as the market cap is above $125.0B, dips in bitcoin, ETH, tron, litecoin, EOS, ripple, ADA, stellar, BNB, BCH, XMR and other altcoins remain supported in the coming sessions.
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Ripple (XRP) Bears?…Prices up 11.1% But Yet to Close Above Key Liquidation Level

 

Ripple prices up 11.1 percent but technically bearish

Crypto–Fiat bridges important for XRP and crypto

Transaction levels up, volumes lower than Jan 10

 
Despite upbeat prices, Ripple (XRP) is technically bearish and yet to breach the 35 cents mark. From our previous XRP/USD iterations, once bulls find momentum and pump prices above 35 cents risk-off traders can begin making projections with first targets at 60 cents.
Ripple Price Analysis
Fundamentals
Crypto may be risky for some governments, but things are beginning to change. As some view them as property, charging capital tax gains on profits, others are warming up to the idea of blockchain as the next inevitable change that despite headwinds will eventually permeate to the mainstream. Malta is one of the many jurisdictions, and now Binance–the world’s largest exchange by adjusted volumes have bases in that country.
Besides being a go-to platform for investors, it is also one of the few exchanges where users can purchase crypto with their Visa credit or debit cards. While many will be attracted to this feature, some Redditors claim that fees depends on volumes and some credit card companies may treat credit card purchases as cash advances which attract additional fees:
“What about any credit card fees? I’ve heard rumors that credit card companies charge it as a cash advance, resulting in additional fees. This drastically changes my position on using credit cards to buy. Unless you can use a Visa pre-paid, the additional fees could be a dealbreaker.”
All the same, thing is, this is an excellent deal for XRP and other crypto users who may not have time to make wire transfer more so when there is an opportunity to capitalize price moving news.
Candlestick Arrangements

At the time of writing, XRP is up 11.1 percent and 3.2 percent in the last 24 hours. No specific XRP or Ripple related news is pumping prices. So, we reckon that XRP prices are up partly because of resurgent Bitcoin prices and new streams of supportive fundamentals.
Although prices are up, our trade conditions are not yet valid, and prices are trading below 35 cents–the 50 percent Fibonacci retracement level of Dec 2018 high low.
Unless otherwise there are price upswings that trigger risk-off positions, we recommend patience despite Feb 18 rally confirming the double bull reversal pattern of Feb 8. It’s only after when XRP bulls drive price above Jan 14 highs that risk-off traders can buy on dips with first targets at 40 cents and later 60 cents–Dec 2018 highs.
Technical Indicators
Volume is on the rise, and Feb 18 bar had high volumes–52 million, above those of Jan 30–49 million and even those of Feb 8–35 million. Technically, this is bullish, and in an effort versus result analysis, buyers may have the upper hand. However, it would be perfect if Feb 18 bar had high volumes above Jan 10–83 million.
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Bitcoin (BTC) Resurgence, Adoption and Regulator Shift Likely Triggers

 

Bitcoin prices up 8.3 percent in the last week

Adoption levels could be pumping prices

Transaction volumes on the rise

 
Good news is bulls are back. Even with increasing prices, investors and traders have their eyes set on adoption trends. Encouragingly, adoption is on the rise, and now that our previous Bitcoin (BTC) trade plans are live, odds are the next wave of bulls will drive prices towards $6,000.
Bitcoin Price Analysis
Fundamentals
There is an expansion. It seems like the precipitous rise and eventual fall of BTC prices did more good than bad. Yes, prices fell to record lows, and at some point, industry commentators, as well as traders, had strong fundamental reasons to believe that Bitcoin–will despite the fanfare drop, to $3,200 and sub-$2,000 levels.
However, that has not been the case. It’s a recovery, and as prices bottom up, Bitcoin is surely and methodically matching towards its ultimate objective of being a global reserve currency. Skeptics may call this a pipe dream but when we factor in the cyclic nature of prices, the enormous strides made in the last decade and the ballooning fundamentals factors, there is a strong case to argue that Satoshi’s dream wasn’t narrow.
Aside from price action, we note that regulators are thawing to the idea of BTC and the more open up their tax lines partnering with crypto payment processors as BitPay, demand for the coin will keep swelling. Add that to developments like Trading View shifting away from fiat and denominating their premium plans in BTC and Domino’s Pizza accepting BTC via the ever-growing Lightning Network, Bitcoin medium of exchange capability is revealed.
Candlestick Arrangement

Compared to other coins, BTC is under-performing. At spot rates, the currency is changing hands at $4050–data streams from BitFinex and up 8.3 percent in the last week. It may appear, but Bitcoin (BTC) price swings usually have a magnifier effect on altcoin prices.
Because our trading plans as laid out in previous BTC/USD price analysis are now valid, and prices are trending above $3,800 minor resistance and buy trigger line at the back of decent, above average volumes, risk-off traders can fine-tune entries in lower time frames.
That means every price dip is technically a buying opportunity with the first target at $4,500. On the other hand, risk-averse, conservative type of traders can wait for high-volume expansion above $4,500. From candlestick arrangements and Fibonacci rules, odds are any break above $4,500 could finally thrust prices to $4,500–$6,000 zone.
Technical Indicators
Endorsing our outlook is Feb 18 bull bar. Volumes backing this rally is above average at 37k exceeding those of Feb 8 and that of Jan 10.
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Ripple Price Analysis: XRP Signaling Bullish Continuation

Ripple price followed Ethereum and bitcoin to move into a bullish zone above $0.3100 against the US dollar.
Buyers gained traction above the $0.3100 and $0.3150 resistance levels before sellers appeared near $0.3290.
There is a key bullish trend line formed with support near $0.3140 on the hourly chart of the XRP/USD pair (data source from Kraken).
The price is currently correcting lower, but it remains supported above $0.3160 and $0.3140.

Ripple price jumped above key resistance levels against the US Dollar and bitcoin. XRP/USD is now trading with a positive bias and it could continue to rise towards $0.3300 and $0.3400.
Ripple Price Analysis
After a solid upward move in Ethereum and bitcoin, ripple price finally gained traction above $0.3050 against the US Dollar. The XRP/USD pair started a decent uptrend and broke the $0.3000 and $0.3060 resistance levels. The pair moved into a bullish zone above the $0.3100 resistance and the 100 hourly simple moving average. Buyers took control above the $0.3100 level, resulting in gains above the $0.3150 and $0.3200 resistance levels. The price traded close to the $0.3300 resistance and a new weekly high was formed at $0.3292.
Later, there was a sharp downside correction below $0.3260 and $0.3240. Besides, there was a break below the 23.6% Fib retracement level of the last wave from the $0.3052 low to $0.3292 high. The decline was such that the price tested the $0.3160 support area. An immediate support is near the $0.3150-0.3160 zone. It represents the 50% Fib retracement level of the last wave from the $0.3052 low to $0.3292 high. More importantly, there is a key bullish trend line formed with support near $0.3140 on the hourly chart of the XRP/USD pair.
Therefore, buyers are likely to take a stand near the $0.3160 and $0.3150 levels. If there are additional declines, the price could test the $0.3110 support. It coincides with the 76.4% Fib retracement level of the last wave from the $0.3052 low to $0.3292 high. The mains support is near the $0.3095-0.3100 zone (the previous resistance). To the topside, an initial resistance is at $0.3220, above which the price may rise towards $0.3260.

Looking at the chart, ripple price clearly moved into a bullish zone above $0.3100. However, buyers need to protect declines below $0.3100. If they fail, the price might move back in a bearish zone to $0.3000. This week, buyers could target the $0.3400 and $0.3500 resistance levels as long as the price is above $0.3095.
Technical Indicators
Hourly MACD – The MACD for XRP/USD just moved into the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is correcting lower towards the 50 level.
Major Support Level – $0.3100
Major Resistance Level – $0.3260
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