Bitcoin Price (BTC) Rallies Sharply But Facing Significant Hurdle

Bitcoin price started a strong rise after trading as low as $9,637 against the US Dollar. The price is trading above the $10,200 level, but it is facing hurdles near the $10,400 level. There was a break above a major bearish trend line with resistance near $10,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently correcting lower towards the $10,150 and $10,100 support levels. Bitcoin price is showing positive signs above the $10,100 level against the US Dollar. BTC needs to surpass…

Ripple Price (XRP) Holding Key Support: BTC & ETH Bounce Back

Ripple price is finding a strong buying interest near the $0.2850 level against the US dollar. The price is currently consolidating and it is likely to climb back above $0.3000. There is a connecting bearish trend line forming with resistance near $0.3000 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could start a fresh increase if it surpasses the $0.3000 and $0.3050 resistance levels. Ripple price is trading in a positive zone against the US Dollar, while bitcoin is rebounding. XRP price must stay…

Bitcoin Price (BTC) Breaks Down, Turns Sell On Rallies

Bitcoin price failed to climb higher and declined sharply below $10,000 against the US Dollar. The price is now trading well below the $10,000 level and it could struggle to recover in the near term. There was a break below a contracting triangle with support at $10,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is under pressure and it is likely to decline further towards the $9,500 support. Bitcoin price is back in a negative zone below $10,000 against the US Dollar. BTC…

Bitcoin Price (BTC) Trading Near Make-or-Break Levels

Bitcoin price is trading in a range below the $10,300 and $10,400 resistances against the US Dollar. The price is struggling to gain momentum above $10,300 and the 100 hourly SMA. There is a key breakout pattern forming with support near $10,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could either rally above $10,400 or it might extend its decline towards the $9,900 support. Bitcoin price is trading below key resistances and hurdles against the US Dollar. BTC is likely to make the…

Bitcoin Price (BTC) At Clear Risk of Further Declines

Bitcoin price failed to hold the key $10,300 and $10,250 support levels against the US Dollar. The price is currently trading with a bearish bias and recently tested the $10,000 support area. There is a key bearish trend line forming with resistance near $10,340 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to revisit the $10,000 support level as long as it is below $10,400. Bitcoin price is trading with an increased bearish bias against the US Dollar. BTC might accelerate its…

Bitcoin (BTC) Price Weekly Forecast: Slow And Steady Increase Likely

There was a downside correction from the $10,954 swing high in bitcoin price against the US Dollar. The price is holding the $10,000 support and it could bounce back in the near term. There is a major bullish trend line forming with support near $10,140 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price could dip in the short term before it starts a fresh increase above $10,500 in the near term. Bitcoin price is showing positive signs above $10,000 against the US Dollar. BTC…

CME’s BTC Index Provider CF Benchmarks Wins EU License

CF Benchmarks, CME Group’s Bitcoin (BTC) index provider, received a benchmark license under the European Benchmarks Regulation (EU BMR). On Sept. 13, CF Benchmarks’ official Twitter account announced that the firm received its license from the United Kingdom’s Financial Conduct Authority (FCA). In the tweet, the firm also claims to be the first cryptocurrency index provider to reach this goal: “CF Benchmarks is the first #crypto index provider to receive EU BMR authorisation from [the FCA].” Regulatory future-proofed According to the report published by financial news outlet Finextra on Sept.…

Major BTC ATM Network Garners $1.5 Million From Xpring and New VC Fund

Ripple’s Xpring and Blockchain Finance Fund have invested $1.5 million in Seattle-based crypto ATM startup Coinme. Coinme secures $1.5 million in funding On Sept. 12, Coinme, a global leader in cryptocurrency ATMs, announced that it had secured $1.5 million in funding from Ripple’s Xpring and the Blockchain Finance Fund to further develop its cryptocurrency ATM network in the U.S. and international markets. Coinme, in partnership with Coinstar, powers the world’s largest Bitcoin (BTC) ATM network, with over 2,600 kiosks across the United States. Neil Bergquist, co-founder and CEO of Coinme…

Bitcoin Price (BTC) Rebounding But Can Bulls Overcome $10,500?

Bitcoin price remained well supported above the main $10,000 level against the US Dollar. The price is trading nicely above the $10,250 resistance, but it might struggle near $10,500. Yesterday’s highlighted key declining channel was breached with resistance near $10,140 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently consolidating gains below the $10,450 and $10,500 resistance levels. Bitcoin price is gaining bullish momentum above $10,300 against the US Dollar. BTC must break $10,450 and $10,500 to continue higher in the coming sessions.…

Russian Lawyers Claim 200,000 BTC Lost in Mt. Gox Can Be Recovered

Russian law firm Zheleznikov and Partners proposed legal action in Russia that should enable its lawyers to recover up to 200,000 Bitcoin (BTC) lost in the Mt. Gox fiasco. Recover losses on behalf of Mt. Gox victims On Sept. 12 in a Q&A with Andy Pag, a former BBC journalist, the Moscow law firm outlined its proposal to recover close to $2 billion in BTC on behalf of the victims of the hack of the now-defunct Mt. Gox exchange, which according to its lawyers has the promise of making the…