Bitcoin (BTC) Price Trend Overwhelmingly Bullish & Dips Remain Attractive

Bitcoin price started a downside correction after trading as high as $5,641 against the US Dollar. The price tested the $5,500 support area and recently bounced back above $5,580. There is a key bullish continuation pattern in place with resistance near $5,595 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains well supported on the downside and it could climb to a new 2019 high above $5,641. Bitcoin price remains in a strong uptrend above $5,400 against the US Dollar. BTC is moving higher…

Crypto Market Flirts Key Resistance: Bitcoin Cash, EOS, BNB, Tron Analysis

The total crypto market cap once again failed near the $178.5B and $180.0B resistances. Bitcoin price remained in a positive zone above the $5,400 support area. EOS price declined again below the $5.30 and $5.25 support levels. Binance Coin (BNB) is down more than 5% and it recently broke the $23.00 support. Bitcoin cash price is back below the $295 support level, with a bearish angle. Tron (TRX) price is trading in a downtrend below the $0.0250 support area. The crypto market cap is facing a strong resistance despite bullish…

Ripple (XRP) Price At Significant Risk of More Losses

Ripple price struggled to clear the $0.3320 resistance and declined steadily against the US dollar. The price declined below the $0.3200 support area and revisited the $0.3175 support area. There are two bearish trend lines in place with resistance at $0.3260 and $0.3280 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains at a huge risk of more losses if there is a break below the $0.3175 and $0.3160 supports. Ripple price failed to gain strength against the US Dollar despite positive moves in…

Ethereum (ETH) Price Fails Again Near $176, Should U Buy?

ETH price struggled once again to gain strength above the $176 resistance against the US Dollar. The price declined sharply and broke the $172 and $170 support levels. There was a break below a major bullish trend line with support at $173 on the hourly chart of ETH/USD (data feed via Kraken). The pair could bounce back above $172 as long as it is trading above the $166 support area. Ethereum price failed to break important resistances versus the US Dollar and bitcoin. ETH declined sharply, but the bulls might…

Cashaa Now Accepts Debit, Credit Cards for Crypto Purchases

Online banking platform Cashaa is set to allow users to purchase bitcoin, ether and Cashaa’s own token, CAS, using major credit and debit cards. This new service is a follow-up to the Business Banking Services Cashaa launched earlier in April 2019, which allows both individuals and private firms to open accounts with Cashaa and accept cryptocurrency payments. According to a company statement shared with Bitcoin Magazine, the service will be available to users all over the world, excluding the U.S. Launched in 2016, Cashaa’s stated mission is to use the…

Out of Testnet and Into Alpha: Lightning Labs’ Desktop Application Is Live

Lightning Labs just released an alpha version of its Lightning Network wallet. The desktop application is now compatible with Bitcoin’s mainnet and it leverages Neutrino (the protocol, not the analytics company acquired by Coinbase) to give users a lightweight option to “control their own funds,” as opposed to running a full node or trusting a third party to play custodian. “This release required a diverse skill set of protocol engineering, product development and design thinking,” Tankred Hase, a Lightning Labs application developer, told Bitcoin Magazine. “I’m lucky enough to work…

Following Expansions, Japanese Regulator Investigates Local Crypto Exchanges

Japan’s Financial Services Agency (FSA) is looking into two major cryptocurrency exchange platforms as part of an investigation. According to a report published by Reuters Japan on April 23, 2019, the investigation by the financial watchdog is connected to the legal compliance and customer protection standards of trading platforms Fisco Digital Asset Group (FDAG) and Huobi Japan, the Japanese subsidiary of Huobi Global. FDAG recently acquired the crypto exchange Zaif, which was hacked last year, from Tech Bureau for $44.7 million. Huobi Global, meanwhile, expanded into Japan through the acquisition…

Bitcoin’s Explosive Rally Targets $6,500 Next

By CCN: The bitcoin price could surge to $6,500 soon because it breached a key resistance level of $5,500 this week. That’s the assessment of Naeem Aslam, the Chief Market Analyst at ThinkMarkets, a forex and derivatives broker. Indeed, bitcoin has roared to a six-month this week after flailing for much of 2018. Aslam: Nasdaq Is Warming Up to Bitcoin Futures Analyst Naeem Aslam told CCN that there are several factors driving the rally, including optimism that Nasdaq is growing more confident about bitcoin futures. Moreover, he says there’s a…

Bitcoin Price Analysis: Reaccumulation Breakout Hints at Bullish Continuation

Summary: Bitcoin clearly broke upward out of reaccumulation trading that had spent three weeks consolidating sideways. The market has begun to drift into a zone of supply between the $5,700 and $6,000 levels. There are a lot of underwater positions that are looking to break even, so it seems likely that we will start to encounter sellers looking to get out of the market. The daily Bollinger Bands consolidated tightly and have begun to expand — indicating that a macro bullish continuation is likely. Trading and investing in digital assets…

TD Ameritrade, NASDAQ Reportedly Offer BTC and LTC Paper Trades

Online investment service TD Ameritrade might be giving its users simulated exposure to bitcoin and litecoin through a new, but not-yet-live, offering on NASDAQ. According to reports on social media, the brokerage platform is offering paper trades for bitcoin and litecoin through NASDAQ. Paper trading is a simulated form of trading that lets users exchange an asset without actually buying or selling it for real money (think of it like a testnet of sorts). In a tweet labeled “BREAKING,” the quantitative analyst “Cryptopolis” first sounded the horn on April 22,…