Category: Cryptocurrency News

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Improving customer experience, increasing the customer base and a hope their brand is perceived as “cutting edge” were the biggest reasons given for a desire to adopt crypto payments.

Bitcoin is holding the key $29,500 support against the US Dollar. BTC must clear the $31,500 resistance zone to start a major increase in the near term. Bitcoin is showing a few positive signs above the $29,500 support zone. The price is now trading below the $30,500 level and the 100 hourly simple moving average. There is a major contracting triangle forming with resistance near $31,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a strong increase if there is a clear move above the $31,500 resistance. Bitcoin Price Remains In A Range Bitcoin price attempted a fresh increase above the $31,200 and $31,500 resistance levels. However, the bears were active near the $31,500 zone. A high was formed near $31,550 and the price corrected gains. There was a move below the $31,000 and $30,500 support levels. A low was formed near $29,848 and the price is now consolidating in a range. There was a recovery above the $30,000 resistance zone. The price spiked above the 23.6% Fib retracement level of the recent decline from the $31,550 high to $29,848 low. However, the price struggled near the $30,700 level. Bitcoin is now trading below the $30,500 level and the 100 hourly simple moving average. An immediate resistance on the upside is near the $30,400 level and the 100 hourly simple moving average. The first major resistance is near the $30,850 level. The main resistance is near the $31,250 level. There is also a major contracting triangle forming with resistance near $31,250 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com A clear move above the $31,250 resistance level could send the price further higher. The next major resistance might be $32,000. Any more gains might call for a trend change and a move towards the $33,200 level. Downside Break in BTC? If bitcoin fails to clear the $31,250 resistance zone, it could start another decline. An immediate support on the downside is near the $30,000 level. The next major support is near the $29,850 level. The main support is still near the $29,500 zone. A downside break below the $29,500 support may perhaps spark another decline. In the stated case, the price could dive towards the $28,500 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now just below the 50 level. Major Support Levels – $30,000, followed by $29,500. Major Resistance Levels – $30,400, $30,850 and $31,250.

Well, it seems Odlavsos “How to Create a Shitcoin” thread may go down in history. Will this be a “happy ending”?? Here are my thoughts; Surprisingly… It’s been a great two weeks for Buttcoin, as liquidity continues to climb, and believe it or not the coin has reached a respectable $110,952 market cap. As you…
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Peter Brandt noted that ETH could drop by 29% if the downside of a potential descending triangle chart pattern is completed.

The World Bank has warned of a possible global recession. “For many countries, recession will be hard to avoid,” said World Bank President David Malpass. “This is the sharpest slowdown in 80 years.” World Bank on Global Recession, Stagflation The World Bank warned about the rising risk of stagflation and global recession Tuesday. World Bank […]

There have been a few posts here today highlighting the fact Litecoin is being delisted by 5 South Korean exchanges over it's privacy feature. Both times those posts have tried to infer Litecoin is at risk of broader delisting. I find this a little misleading and wanted to make a more balanced post that gives…
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