• Bitcoin may completely reverse to $13000 if the six-month channel breaks. • A drop below $8000 would allow correction to $7800. • Bitcoin reached $8400 with a weekly gain of 15%. Bitcoin has now met a short-term resistance of $8400 after witnessing five days positive move. This resistance would determine whether the bullish will […]
Key Resistance Levels: $70, $80, $90 Key Support Levels: $50, $30, $10 LTC/USD Price Long-term Trend: Bullish There is no denying the fact that the bulls have broken above the $42 resistance level. The bullish move has been sustained as the market continues its bullish run. The market is currently facing little resistance at the […]
ETHUSD Price Analysis – January 7 A thick zone of support levels should be noted in the former zone of price consolidation for the second cryptocurrency, which was established between November 23 – December 15 before the breakthrough occurred. Now it acts as a barrier at the level of $ 140-155. Key Levels Resistance Levels: […]
USDCHF Price Analysis – January 7 The USDCHF pair broke through the 0.9700 level, supported by the wide potential of the US dollar. At the time of writing, the pair has grown by 0.35% per day at 0.9715. Although the forecast for the currency pair is negative, and a direct downward slope is maintained at […]
TaxBit, a cryptocurrency-based tax compliance company, has just concluded a fundraising project. The event saw the company raise $5 million in total, and had the Winklevoss twins’ investment firm, Winklevoss Capital in attendance. There were several other prominent investment houses in attendance at the fundraising event. The event was hosted on the 6th of January […]
• Bitcoin keeps flaunting bullish pattern but a downward correction may come soon. • Short-term bullish remains valid but Bitcoin may correct slightly down before rally continues. Bitcoin continues to follow a bullish sentiment after breaking out of a critical resistance of $7800 yesterday. BTC has recorded a 24-hour high of $7860 on Bitfinex. If […]
Key Supply Zones: $10,000, $11,000, $12,000 Key Demand Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Ranging Expectantly, the bulls have broken the $7,600 and $7,800 resistance level. This impressive run has been on for the past three days. The bulls have had the upper hand as price breaks the major key levels. Nonetheless, […]
S&P 500 Index Price Analysis – January 7 The risk appetite returned with a vengeance when the S & P 500 posted its most significant intraday reversal in three months as investors looked at past concerns about escalating tensions in the Middle East, focusing on reliable US economic data. Key Levels Resistance Levels: 3,350, 3,300, […]
Valetta, Malta, 07/01/2020. Business Club, a new fintech company based in Malta announced the official launch of its products. The suite of blockchain-related products are targeted at businesses and are aimed at bringing more efficiency and helping businesses achieve more. In the past two years, the team behind Business Club has been building a unique […]
