Bitcoin (BTC) Validation as Jamie Dimon’s Sentiment Shift

Bitcoin prices ranging with clear supports at $3,400-500 zone JP Morgan and Chase rolls out a stable coin, JPM Transactional volumes average 10k, not enough to trigger buyers into action With the release of a banker’s stable coin, JPM Coin, crypto is technically valid. As such, we expect more bankers to follow suit endorsing the tech. That may help resuscitate Bitcoin (BTC) prices and lift them above $3,800 complete with high market participation. Bitcoin (BTC) Price Analysis Fundamentals Eventually, everybody does go down the endless rabbit hole call crypto. Many…

Bitcoin Price Watch: BTC Buyers Eye Next Crucial Bullish Break

Bitcoin price dived with bearish moves and retested the key $3,540 support area against the US Dollar. There is a crucial declining channel in place with resistance at $3,585 on the hourly chart of the BTC/USD pair (data feed from Kraken). A break above the channel resistance and $3,600 could spark more upsides in the near term. On the downside, the main supports for buyers are near $3,540 and $3,500. Bitcoin price is consolidating above key supports against the US Dollar. BTC buyers are eyeing the next bullish break above…

Crypto Market at Key Turning Point: BNB, EOS, Bitcoin Cash, Tron (TRX) Analysis

The total crypto market cap seems to be struggling near the $118.0B and $119.0B resistances. EOS price started a downside correction and declined below the $2.85 support level. Binance Coin (BNB) is performing nicely and it is currently up around 2.5% to $9.20. Bitcoin cash price is currently consolidating above the $122 support level. Tron (TRX) price broke a key support and settled below the $0.0250 level. The crypto market is facing an uphill task, with bearish moves. Therefore, there is a risk of bearish reaction in bitcoin (BTC), Ethereum…

Ripple Price Analysis: XRP’s Downside Thrust Before Fresh Upside

Ripple price is currently trading well below the $0.3045 and $0.3070 resistances against the US dollar. There is a major bearish trend line formed with resistance at $0.3070 on the hourly chart of the XRP/USD pair (data source from Kraken). Recently, there was a break below a connecting bullish trend line with support at $0.3000. The pair could correct a few points in the short term, but there are chances of a sharp drop to $0.2940 or $0.2910. Ripple price continues to trade in a bearish zone against the US…

Ethereum Price Analysis: ETH Losing Bullish Momentum, Downsides Limited

ETH price struggled to stay above the $121 and $119 support levels against the US Dollar. This week’s followed major bullish trend line was breached with support at $121 on the hourly chart of ETH/USD (data feed via Kraken). There is a new connecting bearish trend line in place with resistance at $121 on the same chart. The price could revisit $121-122 resistance zone, where sellers are likely to reemerge. Ethereum price is pointing a few bearish signs against the US Dollar and bitcoin. ETH/USD is now at a risk…

The Lightning Pump, Bitcoin Adoption Inevitable as BTC Prices Inch Higher

Bitcoin prices are technically bullish, must close above $3,800 Lightning Network picking up, Domino’s Pizza now accepts Bitcoin via LN Participation levels have been shrinking, volumes behind a bull confirming bar must exceed 35k From the look of things, Bitcoin adoption will be fast-tracked by the Lightning Network. Elizabeth Stark’s project recently got a boost. At this rate, it appears as if it’s a matter of when before BTC prices rally to $6,000. Fundamentals It’s the month of love, and it seems like merchants are in love with the Lightning…

XRP Arrows Up as Ripple Inc Fund Projects Promoting Coin’s Use Cases

Ripple prices are stagnant along 30 cents Wietse Wind to receive funding from Xpring Transactional volumes likely to pick up as XRP prices recover It’s all about the ecosystem and Ripple—via Xpring, are actively building that. With their funding of Wietse Wind, his project, XRPL Labs will only generate more XRP use cases. In turn, XRP prices will pump and rally from 30 cents. Ripple Price Analysis Fundamentals There are several Ripple-news making headlines that could impact prices from a fundamental point of view. To begin with, Binance collaboration with…

Tron’s Adoption Drive Not Paying Dividends? TRX Meltdown

Tron prices bearish, on a downtrend, retesting main support BitTorrent partner with TronCard via Grid as they drive towards adoption Transaction volumes shrink 50 percent from averages of 16 million to 8 million It’s all about adoption, and as Tron Foundation strike partners, BitTorrent is partnering with TronCard. Users will carefully spend their TRX spurring demand especially if the application is seamless. It is the necessary building blocks needed for TRX to rally from 2.3 cents to 6 cents. Tron Price Analysis Fundamentals For cryptocurrencies and digital assets to make…

Nasdaq’s Bitcoin and Ethereum Indices Solve a Major Problem for Cryptocurrency Sector

Nasdaq may have just removed one of the most significant barriers before a potential cryptocurrency adoption. The US stock market exchange on Monday announced two cryptocurrency indexes which provide real-time spot or reference rate for Bitcoin and Ethereum. Dubbed as the Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX), both the indexes extract price data from multiple exchanges to provide onlookers single price point for BTC and ETH. Nasdaq assured that independent auditors had verified their methodology of obtaining and unifying price data to present the best USD-equivalent value…

Bitcoin Price Watch: BTC Set For Further Gains, Downsides Limited

Bitcoin price stayed above the key $3,560 support area, with range moves against the US Dollar. This’s week’s followed bearish trend line is intact with resistance at $3,590 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could gain bullish momentum if there is a proper close above $3,590 and $3,600. Bitcoin price is trading nicely in a bullish zone above $3,560 against the US Dollar. BTC is likely to accelerate gains above $3,600 as long as the price stays above the $3,540 support. Bitcoin…