Tag Archives: Support

Jack Dorsey Tweets Support for Lightning Network Use on Twitter

Jack Dorsey Tweets Support for Lightning Network Use on Twitter

Jack Dorsey has endorsed the recent launch of a Twitter in-browser tipping extension built using the Lightning Network. The second layer scaling solution launched last year allows for near-instant, feeless payments in Bitcoin and by using the new Tippin extension, users can show their support for posters’ content financially. Twitter users can add Tippin to either Chrome or Firefox. Once installed, each Tweet will have a lightning bolt symbol next to it – a symbol popularly used by Twitter users to signal their interest in Bitcoin and more specifically, […]

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Bitcoin (BTC) Holds Above Support at $3,550, May Soon See Increased Bullish Momentum

How Bitcoin Could Plunge To $1,700 In June: Prominent Crypto Analyst

Since Bitcoin (BTC) made its large upwards swing last Friday, it has been able to hold steady above its support level at $3,550, bouncing back into the $3,600 range each time this price level is touched. Importantly, its ability to hold above this price level signals that the cryptocurrency’s bulls are not yet ready to surrender its recent gains to the bears. Now, multiple analysts concur that Bitcoin could soon see increased bullish momentum if it is able to continue holding decisively over its key support levels. […]

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Ethereum Price Analysis: ETH Tumbles, $100 Support At Risk

Ethereum Price Analysis: ETH Sinks Below Key Support, Could Extend Losses

ETH price declined sharply and broke the $105 support area against the US Dollar. There was a break below a major bullish trend line with support at $105 on the hourly chart of ETH/USD (data feed via Kraken). The pair dived towards the $100 support area and it is currently consolidating losses. Ethereum price declined heavily against the US Dollar and bitcoin. ETH/USD is now at a risk of more losses below the $100 and $958 support levels in the near term. Ethereum Price Analysis After multiple […]

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Ripple Price Analysis: XRP Testing Crucial Support, Breakdown Incoming?

NewsBTC

Ripple price is under pressure and it recently broke the $0.2980 support level against the US dollar. There is a major bearish trend line formed with resistance near $0.2980 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could accelerate losses if there is a downside break below the $0.2940 support in the near term. Ripple price declined further and broke key supports against the US Dollar and Bitcoin. XRP/USD is currently at a risk of a downside break below the $0.2940 […]

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Goal of Bitcoin is to Bypass Existing Financial System, Not to Support it

Goal of Bitcoin is to Bypass Existing Financial System, Not to Support it

Bitcoin is inherently a cypherpunk, anti-establishment movement. From day one, this whole movement around Satoshi Nakamoto’s vision of digital money has been single-handedly pushed by the zany, outcasts, and decentralists that push their beliefs with a religious fervor. The fact that Satoshi didn’t divulge his, her, or their true identity, along with an analysis of the vernacular that the creator enlisted, only highlights the fact that Bitcoin isn’t meant to conform with legacy systems. Yet, since 2008, when Satoshi quietly released his whitepaper to a little-known cryptography […]

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Analyst: Bitcoin (BTC) Likely to Climb Back Above $3,500 After Finding Support at $3,400

Analyst: Bitcoin (BTC) Likely to Climb Back Above $3,500 After Finding Support at $3,400

Earlier this week, Bitcoin (BTC) failed to uphold its previously established support level around $3,550, which led to a sharp drop to $3,400. Although at the time of this drop many analysts expected BTC’s main region of support to exist around its 2018 lows at approximately $3,200, the cryptocurrency was able to find support at $3,400. Because Bitcoin has established $3,400 as a level of support for an extended period of time, it may soon be able to climb back above $3,500, which could lead to further […]

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Ripple Price Analysis: XRP’s Previous Support Now Resistance

NewsBTC

Ripple price failed to stay above the $0.3000 support and declined heavily below $0.2900 against the US dollar. Yesterday’s highlighted important bearish trend line is in place with resistance at $0.2980 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair recovered nicely after trading as low as $0.2777, but it is facing sellers near $0.2950. Ripple price declined sharply and gained bearish momentum against the US Dollar and Bitcoin. XRP/USD is currently facing a solid resistance near previous supports at $0.2950. Ripple […]

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Altcoins Plunge as Bitcoin and Crypto Markets Drop Below Recently Established Support Levels

Altcoins Plunge as Bitcoin and Crypto Markets Drop Below Recently Established Support Levels

Over the past couple of weeks, the crypto markets have experienced a persisting bout of sideways trading that didn’t allow for any major price action in the altcoin markets. Today, however, the typical crypto volatility returned in full force, sending most major altcoins and Bitcoin down significantly over the past 24-hour trading period. Today’s drop led most altcoins to break below their previously established support levels, which puts further losses in play in the near-term. Analysts: Ethereum Likely to Drop Further as Altcoins Sink Throughout the past […]

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Samsung Crypto Support Bullish for BTC

Samsung Crypto Support Bullish for BTC

Bitcoin Price ranging inside Jan 22 high low A mark of adoption, Samsung S10 supports cryptocurrencies Transactional volumes low and dropping—now stands at 12k on average Investors, as well as traders, are confident. With supportive fundamentals, BTC demand should increase, lifting prices from spot rates to above $3,800. That will be in line with our previous BTC/USD trade plan. If not and prices drop below $3,500, BTC could sink to $3,200. Bitcoin Price Analysis Fundamentals Following the HTC route, Samsung “leaked” to the world the next generation […]

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Analyst: Bitcoin (BTC) Support Level at $3,550 Weakening After Volatile Weekend

Analyst: Bitcoin (BTC) Support Level at $3,550 Weakening After Volatile Weekend

Bitcoin (BTC) is currently coming off of an incredibly volatile weekend where it surged to highs of $3,750 on Saturday before retracing to lows of $3,550 on Sunday. Although nothing fundamental drove this volatility, it is now becoming increasingly common to see volatility over the weekends, which is primarily due to the decline in trading volume. This recent volatility has further confirmed Bitcoin’s current trading range, which analysts believe is gradually becoming weaker. Bitcoin Drops Below $3,600 At the time of writing, Bitcoin is trading down 0.4% […]

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