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Bitcoin Price Analysis: Bear Pennant Breakout Puts $1,700 Price in Sight

Another week, another low. Bitcoin’s market has been bleeding relentlessly for weeks and now, after falling 50% in value in just one month, the market has managed to break south of a major bearish consolidation pattern called a bear pennant:Figure 1: BTC-USD, 4-Hour Candles, Bear Pennant BreakoutThis is a massive bear pennant with a staggering $2,000 measured move.

2018-12-12 01:52


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Bitcoin Price Analysis: Wait and See Where Recent Signs of Strength Lead

This week realized a big gain as bitcoin enjoyed a 25% rally from its local bottom before topping out around $4,400. Support currently appears to be established in the mid-$3,000s as the market remains indecisive over its next move:Figure 1: BTC-USD, Daily Candles, Current Support LevelFigure 1 shows the relevance of the current support level as it represents a previous support level that was never properly retested during last year’s parabolic bull market.

2018-11-30 01:45


Ether Price Analysis: Untested Support Leaves Shaky Foundation During Drop

Much like the rest of the crypto market, ether has found itself devalued by more than 90% since its all-time high of $1,400 back in December of 2017. And now, almost a year later, ether sits just above $100 on what appears to be shaky ground during its latest round of selling over the last few weeks:Figure 1: ETH-USD, Daily Candles, Rapid DescentSimilar to bitcoin’s movement discussed in yesterday’s article, ETH-USD experienced a parabolic growth profile during its bull run.

2018-11-28 01:55


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Ripple Gains As XRP Takes Second Place: Video

In today’s Crypto Briefing video presentation, Kiana takes another look at XRP, the new second-largest cryptocurrency after Ethereum’s fall from the market caps. But will XRP take home the silver medal? Ripple has made big strides towards building a payment network around its ledgers, but XRP’s performance in the market is still giving us second […] The post Ripple Gains As XRP Takes Second Place: Video appeared first on Crypto Briefing.

2018-11-26 20:33


Gigantic Opportunities: Blockchain Capital Partner Touts Crypto Bullishness

As crypto has nosedived, mainstream financial media outlets, like Bloomberg and CNBC, have interestingly escalated their coverage of this juvenile market. While CNBC has evidently sensationalized Bitcoin’s dismal performance, circulating a Fast Money segment misleadingly titled “Cryptos [Are] In a Financial Crisis,” Bloomberg’s Joe Weisenthal recently began a push to bring some rational thinking to.

2018-11-23 00:30


In Spite Of Bear Market, Tom Lee Maintains $15,000 Value for Bitcoin by year end

At the start of the year, many cryptocurrency enthusiasts were full of hope that the market turn around could make them join the league of crypto millionaires. But the general performance of the market at this time shows that the market is below its performance same time last year, even as one of the top […] The post In Spite Of Bear Market, Tom Lee Maintains $15,000 Value for Bitcoin by year end appeared first on ZyCrypto.

2018-11-21 11:54


Three New Cryptocurrencies to keep tabs on

One thing about the crypto market which makes it exciting is the option to switch lanes when the journey gets rough. It’s no secret that many investors have always relied on the big coins to make them some money, however, constant high performance from those coins isn’t guaranteed in the crypto market, and that’s when […] The post Three New Cryptocurrencies to keep tabs on appeared first on ZyCrypto.

2018-11-21 11:24


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Bitcoin Price Analysis: Yearly Support Breaks as Bitcoin Tests Underlying Demand

After months and months of consolidation, the yearly support finally broke and now bitcoin has found itself in the lower $5000s for the first time since 2017:Figure 1: BTC-USD, Daily Candles, Broken SupportBitcoin managed to drop a staggering 16% yesterday as the market sliced through the long held support like a knife through butter.

2018-11-16 01:28


Survey: 9% Of Britain Millennials Own Bitcoin (BTC)

93% Of Brits May Have Heard Of Bitcoin, But Only 4% Own BTC In spite of the crypto market’s dismal performance in 2018, a post-mortem report from YouGov, an international market data analytics corporation, has revealed that upwards of 93% of Brits have heard the good name of Bitcoin (BTC), even though it has been […] The post Survey: 9% Of Britain Millennials Own Bitcoin (BTC) appeared first on Ethereum World News.

2018-11-11 03:00