The last 7 days of price actions have made Bitcoin stay above $7000 for the month of November. Starting the new month on a short opening could be a bit send a negative sentiment in the market if Bitcoin fails back roll back to November low. However, there’s hope for a bullish continuation if buying […]
The recent hack event targeted at Upbit serves as a reminder of just how risky it is storing your digital assets on an exchange. We will be looking at seven prominent hacks that happened to exchanges in 2019. 1- Cryptopia got disabled on the 15th of January after it learned about an infringement in security […]
GBPUSD Price Analysis – December 1 The pound had a positive prior week as traders anticipate to build the scenario for buyers to step in, and now it seems likely to continue on the upside. If we can exceed the crucial level on the level at 1.3012, it is likely that the pound sterling takes […]
In the last ten years, the market mood around Swedish krona has been morbid. Krona being the official currency of Sweden has been around since 1876 but banks’ predictions about the currency in the last ten years have been disheartening. The Swedish economy which has faced pressures arising from recession concerns and trade wars has […]
Key Resistance levels: $70, $80, $90 Key Support Levels: $40, $30, $20 XMR/USD Price Long-term Trend: Bearish The coin had been trading above $50 in October in a sideways trend. In November, Monero made a positive move and broke above the $60 price level. The bulls could not sustain the move above the upper price […]
During the week, Bitcoin recorded a monthly low of $6600 after witnessing a series of decline for about four weeks. On November 25, Bitcoin regained strength back above the $7000. This recovery led to a forming an inverse head-and-shoulder pattern which was quite significant in the weekly trading with a lot of bullish sentiment. Meanwhile, […]
Key Resistance levels: $0.30, $0.40, $0.45 Key Support Levels: $0.25, $0.20, $0.15 XRP/USD Long-term Trend: Bullish For the past 5 days, XRP is making a slow but steady upward move. On the first day, the price rose from $0.20 to $0.22 but the coin pulled back to $0.21. Today, the price has jumped above the […]
A new bill is being considered in Germany which could see banks become managers and merchants of Bitcoin and other altcoins by 2020. Based on a news release by Handelsblatt on the 27th of November, the bill now seeks approval from the 16 states in the country, now that it has been passed by the […]
Since the daily opening, XRP has been showing a sign of small recovery, amounting to +1.07% gains. The correction may become significant if volumes can troop into the market. Otherwise, XRP price would continue to drag sluggishly. However, it’s not too late to accumulate some amount of XRP as the value might become more enticing […]
