New data release indicates that the Bitcoin network’s mean hash rate has just reached its all-time high as a reflection of the digital currency’s most recent technical accomplishment. Composed by innovative on-chain metrics provider Glassnode, a recent evaluation of Bitcoin’s historical hash rate reveals that on the 7th of January, the valuation of the mean […]
GBPUSD Price Analysis – January 19 The GBPUSD pair exited in the prior week in the red and fell slightly after a little pullback of its level of 1.3514 / 1.2900, forming a triangle at the level of 1.3050. The currency pair plummeted from a daily high of 1.3118 level on Friday after the release […]
S&P 500 Price Analysis – January 19 At the time of writing, the S & P 500 stays up, remaining in positive territory, at the same time, investors are riding on the phase-one trade deal between U.S and China. The S & P 500, thanks to its strong Wall Street performance, is modestly higher 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 Bitcoin is still trading in the bullish trend zone. We have entered the fourth day as Bitcoin continues to struggle below the $8,800 resistance level. On a daily bases, the bulls will test the resistance level and […]
Key Resistance Levels: $275, $300, $325 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Bullish Bitcoin Cash has made a tremendous move to a higher price level. The bullish move is very significant because it took six days to break the lower and upper price range of $200 and $240. In retrospect, BCH […]
A new bill that will exonerate personal crypto transactions from capital gains taxation has been revived in the US Congress. How the Bill Works The bill, which is dubbed “The Virtual Currency Tax Fairness Act of 2020,” will provide immunity for digital currency-related expenses that are recognized as personal transactions. This means that cryptocurrency users […]
EURJPY Price Analysis – January 17 Increased selling surrounding the European currency is driving the currency to give part of its weekly gains and plunge back to the level of 122.40. Strengthening sentiment against the US dollar on Friday puts additional pressure on other pairs, and all this follows the anticipated results of recent US […]
XAUUSD Price Analysis – January 17 Gold rose in the middle of the European session to the American session on Friday and is presently trading near the upper limit of its weekly trading range, about $ 1560 level. A sustainable movement to the level of $ 1560 was seen as a key factor for buyers […]
• Bitcoin hits $9000 after a long-term breakout. • BTC remains bullish but sellers lurk around. • A break below $8500 may set the market on correction mode. Again, Bitcoin’s price has increased by roughly 5% to hit $9000 after breaking from the strong bearish zone of $8400 this week. This surge has made BTC […]
