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Posts published in “Analysis”

Is XRP a security or not? Answering the dilemma that is gripping crypto space

Opinion Recently, the US Securities and Exchanges Commission’s [SEC] Chairman, in a conversation with representative Ted Budd, said that Ethereum [ETH] and similar cryptocurrencies were not subject to the securities law. This immediately gave rise to speculation on whether XRP was a security or not.…

Heads Up, Bitcoin (BTC) Could Plunge If History Rhymes

“Awfully Similar”: Trader Wary Bitcoin Could Plummet Although analysts have been surprisingly cheery over recent days, some have kept a level head. Amarok, a crypto-centric chartist, recently issued a warning to his investors via Twitter about the short-term prospects of Bitcoin. He drew attention to…

Once Breakout Is Confirmed, Bitcoin (BTC) Could Rally To $5,500

Bitcoin Could Surge By 35% Hopium has seemingly started to return to the crypto market en-masse. Sure, Bitcoin (BTC) and other digital assets are trading sideways, but the sentiiment displayed by cryptocurrency investors is buoyant. GalaxyBTC, a leading analyst and self-proclaimed “accumulation machine,” recently revealed…

Bitcoin (BTC) Price Still In Strong Uptrend, Buying Dips Favored

Bitcoin price traded to a new monthly high at $4,064 and later corrected lower against the US Dollar. The price declined sharply below $3,950, but dips remained supported above $3,900. There is a crucial bullish trend line formed with support at $3,920 on the 4-hours…

Ethereum Price Weekly Analysis: Buy ETH With Break Above $138

ETH price declined recently, but it found a strong support above $132 against the US Dollar. The price recovered and it is now facing a solid resistance near the $137-138 zone. There is a major breakout pattern formed with resistance at $138 on the 4-hours…

Bitcoin (BTC) Price Remains Vulnerable Below $4,000

Bitcoin price rebounded nicely from the $3,875 support area against the US Dollar. The price traded above the $3,950 level, but it seems to be struggling near the $4,000 resistance. There is a major bearish trend line in place with resistance at $4,000 on the…