• The latest weakness in the price could foot a short-term bearish setup for Bitcoin. • Bitcoin turns weak after smashing 7-month high around $9600. Over the past five days now, Bitcoin’s volatility has been subdued with choppy price actions and at the same time keeps the world largest cryptocurrency in a consolidation mode. […]
News coming out of the US Patent and Trademark Office has it that the Winklevoss twins, founders of the Gemini crypto exchange, have successfully secured 6 Stablecoin-related patents. The first, second, and fifth patents all specify strategies for improving the supply of a blockchain-based Stablecoin. Additionally, the first patent also explains how established third parties […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Ranging Bitcoin has continued its sideways trend for the past one week. The market is still ranging in a tight range between $9,200 and $9,600. In retrospect, in October 2019, Bitcoin was also in a sideways trend at […]
GBPUSD Price Analysis – February 2 The GBPUSD pair exited the week with a few points past the 1.3200 level, its highest level in about a month. Its the start of a fresh age, while the focus is now shifting more clearly from the “Brexit deal” to a “business partnership” with the European Union. On […]
Resistance Level: 7,500, 7, 600, 7,700 Support Level: 7,300, 7,200, 7,100 FTSE 100 (UKX) Long-term Trend: Ranging In the last 48 hours, there has been no significant price movement as the stock price remains almost the same. On January 31, the stock was valued at 7,280.80 and today the market has remained the same. Nevertheless, […]
S&P 500 Price Analysis – February 2 The S&P 500 Index strikes out its 2020 highs on heightened concern that the spread of the coronavirus will slam global economic growth with the S&P 500 dropping more than 3% from its all-time high on January 22. Key Levels Resistance Levels: 3400, 3350, 3300 Support Levels: 3200, […]
The United Arab Emirates’ Ministry of Health and Prevention (MoHAP) in conjunction with the Presidential Affairs, Dubai Healthcare City, and other related authorities, has initiated a blockchain-based data holding/storage platform. Based on a news release by The Emirates News Agency on the 2nd of February, the blockchain platform is geared towards enhancing the efficacy of […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Ranging Undoubtedly, BTC has continued to range above the $9,200 support level. The bulls have successfully defended the supported level. Buyers are eagerly pushing price forward and testing to break the $9,500 resistance level. Bitcoin is fluctuating in […]
EURJPY Price Analysis – January 31 The best tone surrounding the European currency is to keep the rebound in EURJPY to the 120.40 regions, not far from where the initial supply barrier is at the 120.17 level. Key Levels Resistance Levels: 124.31, 123.37, 122.87 Support Levels: 120.17, 119.99, 115.83 EURJPY Long term Trend: Ranging In […]
