The Supreme Court of India has decided to postpone the full hearing of a case against the Reserve Bank of India’s embargo on financial institutions’ transactions with cryptocurrency-based entities. Kashif Raza, co-founder of Indian news house Crypto Kanoon, explained in ant interview on the 14th of January what was at stake in the case and […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Today, the bulls have succeeded in breaking the first resistance at $8,200. It is likely to break the second resistance at $8,400. During the first bullish impulse, the bulls were resisted at $8,400. This caused Bitcoin to […]
• Bitcoin is breaking out of a long bearish zone – the six-month channel boundary. • $7600-$8000 support provides a rebound for Bitcoin. • A retracement move is likely if the price drops below $8500 After finding support at $7600 last week, Bitcoin has further mounted key support at $8000 -which now fuels the current […]
Key Resistance Zones: $60, $70, $80 Key Support Zones: $40, $30, $20 XMR/USD Long-term Trend: Bullish On January 3, Monero was in an upward move. The bulls broke the downtrend line and reached a high of $60. The coin failed to penetrate the resistance at $60. Consequently, XMR was compelled to a sideways move below […]
EURUSD Price Analysis – January 13 EURUSD is trending in the usual range past the 1.1100 level, which is against the backdrop of a positive atmosphere around more risky assets at the beginning of the week. Its increase versus the US dollar during the European trading session, which gives hope that the main price could […]
USDWTI Price Analysis – January 13 Lower tensions in the Middle East affected prices in previous sessions, forcing the West Texas Intermediate barrel to retreat from the peaks near $ 66.00 level. Meanwhile, crude oil is trying to consolidate at current levels after sharp selling last week. Key levels Resistance Levels: $ 67.50, $ 66.49, […]
News coming from a crypto market research company, Arcane Research, remarks that Bitcoin’s trading volume has more than doubled in the past week. Based on the publication, Bitcoin’s 7-day average trading volume has increased by 125% just in the first week of 2020, with about $1.5 billion in trades recorded on the 8th of January […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish On January 10, after the bulls’ failure to break the resistance at $8,200, Bitcoin decides to fluctuate below the resistance. The coin fluctuates in a tight range of $8,000 and $8,200. The upward move has been temporarily […]
• Bitcoin is in the middle of a consolidation circle. • Sellers may gain control if $8000 breakdown. On January 8, Bitcoin’s price hits $8400 after recording a six-day price increase. The market saw a small drop to $7800 before bouncing back to where BTC is now priced at $8000. However, the entire market cap […]
