Archive | trading

Harvard Researcher – Based on Moore’s Law Bitcoin Will Hit $100,000

Dennis Porto, a Harvard researcher, has recently told Multiplex founder Brian Roemmele in an interview that based on Moore’s law, bitcoin price will surpass the $100,000 mark. “Bitcoin’s price could hit $100,000 per coin if it continues to follow Moore’s law,” said Porto. Moore’s law, named after Intel co-founder Gorden Moore, refers to the finding […]

Bitcoin Cash Price Technical Analysis – BCH/USD Back Bullish?

Key Points Bitcoin cash price after trading as low as $533 against the US Dollar found support and traded higher. Yesterday’s highlighted crucial descending channel pattern with resistance near $625 on the hourly chart of BCH/USD (data feed from Kraken) was broken. The price is now following a bullish path and could trade above $720 […]

Ethereum Price Technical Analysis – ETH/USD Approaching Support

Key Highlights ETH price surged higher and traded as high as $344.46 against the US Dollar. There is a connecting bullish trend line with support at $308 forming on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is approaching the $310-308 support area and likely to find buyers on the dips. Ethereum […]

Bitcoin Cash Price Technical Analysis – BCH/USD Declining Channel

Key Points Bitcoin cash price extended its correction and even traded below the $700 level against the US Dollar. There is a crucial descending channel pattern with resistance near $620 forming on the hourly chart of BCH/USD (data feed from Kraken). The price might continue to decline in the short term and could even retest […]

Bitcoin Price Recovers After Dipping Below $4,000, Market Calm Amid Hard Fork Talks

In the first week of August, CNBC’s Brian Kelly outlined three factors for the recent surge in bitcoin price: completion of the August 1 Bitcoin Cash (BCH) hard fork, elimination of uncertainty surrounding scaling and rapid increase in demand from institutional investors. The successful execution of the BCH hard fork established an important precedent for […]

Bitcoin Price Technical Analysis – BTC/USD Short-term Bearish

Key Points Bitcoin price is struggling to move above $4200 against the US Dollar and heading lower. The BTC/USD pair is currently attempting a downside break below a contracting triangle at $4030 on the hourly chart (data feed from SimpleFX). A close below $4000 could result in more declines towards $3800 in the short term. […]

Ethereum Price Technical Analysis – ETH/USD Crawling Higher

Key Highlights ETH price after declining towards $280 found support and started an upside move against the US Dollar. There was a break above a connecting bearish trend line at $292 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is slowly moving higher and about to break the $300 resistance in […]

Ethereum Classic Price Technical Analysis – ETC/USD Sighting Recovery

Key Highlights Ethereum classic price declined below the $13.00 support against the US Dollar, but later recovered. There was a break above a short-term bearish trend line at $13.75 on the hourly chart of ETC/USD (Data feed via Kraken). The price is also above $13.80 and the 100 hourly simple moving average, which is a […]

Bitcoin Cash Price Technical Analysis – BCH/USD Correction Initiated

Key Points Bitcoin cash price after rocketing above the $900 level against the US Dollar started a correction wave. There was a break below a major bullish trend line at $740 on the hourly chart of BCH/USD (data feed from Kraken). The price might correct further in the near term towards the $640 support or […]

Bitcoin Price Weekly Analysis – Can BTC/USD Hold This

Key Points Bitcoin price was under some pressure due to solid rise of BCH against the US Dollar above $800. The BTC/USD pair is currently trading above a bullish trend line positioned at $4000 on the 4-hours chart of BTC/USD (data feed from SimpleFX). As long as the price is above the $4000 level, it […]

Bitcoin Cash Price Weekly Analysis – BCH/USD Monstrous Ride

Key Points Bitcoin cash price rocketed higher and moved to a new all-time high at $946 against the US Dollar. There is a short-term connecting bullish trend line forming with support at $740 on the 4-hours chart of BCH/USD (data feed from Kraken). The price might resume its uptrend and could even retest the $940 […]

Ethereum Price Weekly Analysis – Can ETH/USD Make It?

Key Highlights ETH price struggled twice to break the $317 level against the US Dollar and later moved down. There is a crucial breakout pattern forming with support at $270 on the 4-hours chart of ETH/USD (data feed via SimpleFX). The pair must gain momentum above $302 to gain further in the near term. Ethereum […]

Bitcoin Price Rocketed From $3,000 to $4,000 in Merely 62 Days

Since 2012, Bitcoin’s price has demonstrated an exponential increase in value amidst a rapid rise in global adoption, growing demand from institutional investors, and significant maturation of international markets. Bitcoin is a Well Performing Asset A well-known cryptocurrency researcher with the online alias “Jack Sparrow” released their findings on how long it took Bitcoin to reach […]

Bitcoin Cash Price Technical Analysis – BCH/USD Surges Higher

Key Points Bitcoin cash price after consolidating just below the $300 level gained heavy bids against the US Dollar. There was a break above a major bearish trend line at $300 on the hourly chart of BCH/USD (data feed from Kraken). The price rocketed higher and broke many hurdles on the way up towards $500. […]