Bitcoin miners in Sichuan, a province in China, have come under heavy pressure by local authorities to lessen their operations as the province is witnessing deficits in electricity production. It was reported on the 29th of December by Asia Times that the area usually expects a power shortage in the dry season (starting from October […]
USDCHF Price Analysis – December 31 After the Asian session, moving sideways near the level of 0.9695, the USDCHF pair lost its movement in the last hour and touched the lowest level since early November at 0.9662. At the time of writing, the pair fell by 0.23% per day at 0.9660 level. Key Levels Resistance […]
The US dollar stays in the background due to year-end positioning and optimism about the Sino-US trade deal. According to reports, Liu He, China’s chief economic negotiator, will visit Washington over the weekend to sign an agreement. Both Washington and Beijing are optimistic. The American calendar presents two housing price indices and the Conference Board […]
Well, we will get to know that at the close of the day. Since Bitcoin fell from $7700 on December 23, the price has been facing a lot of huge supply and demand, trapping the most-traded coin to between $7100 – $7500 zones for a couple of days now. If Bitcoin manages to cross these […]
Key Resistance levels: $0.025, $0.030, $0.035 Key Support Levels: $0.015, $0.010, $0.005 TRX/USD Long-term Trend: Bearish TRON is in a bear market. The coin fell in a bear market to a low of $0.020 and made an upward correction to the high of $0.030 in July. After the price correction, the coin dropped to a […]
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News coming out of China indicates that there has just been a filing for the development of a blockchain-based exchange-traded-fund. This was disclosed by the Chinese Securities Regulatory Commission. The ETF filing was presented by an asset management firm, Penghua Fund on the 24th of December. The ETF aims at tracking the performance of an […]
EURUSD Price Analysis – December 30 The EURUSD pair spiked to the highest level since mid-August at the price level of 1.1211 and entered the consolidation phase. At the time of writing, the pair was ranging near the price level of 1.1200, adding 0.2% per day. Key Levels Resistance Levels: 1.1515, 1.1450, 1.1280 Support Levels: […]
Last week, Bitcoin’s price regains momentum to $7500 on Bitfinex after locating support at $7100, holding over the past week. Though the bullish move is looking realistic; Bitcoin needs to break more key resistance zones before we can confirm a potential reversal above $8000. For now, $7900 is an important resistance to set BTC on […]
