Bitcoin price failed to stay above the $54,000 support against the US Dollar. BTC is declining and it is likely to accelerate losses below the $50,000 support zone. Bitcoin is declining from well above $55,000 and it broke the $53,500 support. The price is now trading well below $52,000 and …
Read More »Why XRP Holders Could Be Key In Lawsuit Against Ripple Labs
Former federal prosecutor James K. Filan has been involved with the lawsuit filed by the Securities and Exchanges Commission (SEC) versus Ripple Labs and two of its executives. Accused of the alleged illegal sale of an unregistered security, the token XRP, Filan has shared his opinion on the case, presented …
Read More »Why Bitcoin Could Be The Key For The Future Of Clean Energy
Much has been said lately about Bitcoin’s impact on the environment. Mainstream media has been especially keen on declaring BTC’s consensus mechanism (Proof-of-Work) a potential danger for the future of the planet. A White paper published by Square and ARK Invest, as part of “The Bitcoin Clean Energy Initiative”, makes …
Read More »Charted: Ripple (XRP) Could Rally Significantly If It Clears This Key Resistance
Ripple formed a support base above $1.16 and it is now rising against the US Dollar. XRP price could start a strong increase if it clears the main $1.50 resistance zone. Ripple is showing positive signs above the $1.20 and $1.30 resistance levels against the US dollar. The price is …
Read More »TA: Bitcoin Struggles Below $57K, Here’s Why 100 SMA Holds The Key
Bitcoin price is holding the $55,000 support zone against the US Dollar. BTC must clear the $57,000 resistance and the 100 hourly SMA to move into a positive zone. Bitcoin is somehow holding the $55,000 and $54,500 support levels. The price is now facing a strong resistance near $57,500 and …
Read More »Key XRP Technical Indicator Disagrees With Parabolic Price Rally
XRP, the Ripple blockchain’s native token, is up more than 600 percent in 2021 even though it remains in a tense court battle with the US Securities and Exchange Commission over its legal status. The world’s fourth-largest cryptocurrency by market cap now, XRP has continued its climb, entering the second …
Read More »Bitcoin Prepares For its Next Move: Where is the 100 SMA, the Key BTC Level?
Bitcoin price is consolidating above the $59,500 support zone against the US Dollar. BTC is now showing a few positive signs, but it must clear $61,200 for a fresh rally in the near term. Bitcoin is holding gains above the $60,000 and $59,500 support levels. The price is now trading …
Read More »Bitcoin bulls are confident even as a key BTC price metric hits a new low
Bitcoin’s long to short ratio has dropped to a 5 month low but bears are not taking the bait, suggesting bulls are still in control of BTC price. Source link
Read More »Bitcoin Selling Pressure is Declining, Hints Key Glassnode Indicator
Even as the bitcoin market shows signs of bullish exhaustion after logging a 1,500-percent-plus upside move in the previous 13 months, all is not lost. Investors with a long-term growth outlook still want to hold onto the flagship digital asset, iterating their expansive bullish stance on it. The analogy appears …
Read More »Bitcoin bulls return after BTC bounces at a key support level
Bitcoin price appears to be gaining bullish momentum after BTC bounced off the lower Bollinger Band. Source link
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