BTC

The BTC/USD price settled below $8.7k; however, it secured powerful support above $8.5k. Currently, the price is inclining and may rally if it surges above the hurdle zone between $8840 and $8900. Yesterday, there was a retracement to the downside following the rejection of BTC/USD close to the $8.9k hurdle The price went below the support at $8.7k, but the buyers defended $8.54k and $8.5k. However, the sellers could not take the price below the double top pattern’s neckline support…

The BTC/USD pair price recently showed struggles surpassing the $8,900 hurdle, twice. Based on its analysis, the price may fall up to $8,300 and even $8,200. The day before presented a higher price hurdle at $8,500 based on its rally extension. Generally, the BTC price experienced a surge headed towards the $9,000 value; although, the trend illustrated a struggle moving past the $8,900 level.  BTC Price Movements Following two specific occasions, buyers attempted to move the BTC price over hurdles…

The Uzbekistan government has revealed its plans in the upcoming regulation plans on digital currency trading and the blockchain technologies implementation that should be done this year. The announcement came through a press conference conducted on Monday by the National Agency of Project Management (NAPM). Based on the information provided, it is believed that the mining pool will aid both foreign and domestic miners through functioning capabilities as consolidation.  National Agency of Project Management's Claims The NAPM continues to put more effort into achieving an effective…

Over the hurdle at $8000, there was an extension in the BTC/USD rally. However, it is also possible to exhibit a lower retracement towards $8400 or $8300 before another upsurge. Yesterday, Bitcoin’s price began a remarkable move on the upside, over the hurdles at $8200 and $8400. The price was eventually within a range before another rally over the hurdles at $8500 and $8600. Bitcoin Price Analysis There was an additional upsurge, over $8800, and settled well over the 100…

Peter Schiff predicted a looming decline in the price of Bitcoin to $1000, some time ago. Nevertheless, since currently, the prediction did not come true, Bitcoin’s price is on the upside, above $8500. As per CoinmarketCap and Kitco, Bitcoin’s price surged by 7.5% within the previous week, while Gold declined by 4%. On the other hand, the XAU/USD price attained highs of $1610 on the 8th of January but after that fell dramatically. At press time, the price was at…

On the 14th of January 2020, the price of BTC/USD rose by over 5% and was able to break significant resistances close to $8250 and $8500. The price might keep upsurging towards $8780 and $8800 soon. On the previous day, there were rumors that the bitcoin price could incline above the hurdle at $8200. The price gathered sufficient momentum, leading to the rise over the major range hurdle close to $8200. Moreover, the buyers could move the price over the…

Monero (XMR) gets considered the leader of privacy coins in the cryptocurrency domain, as Bitcoin gets viewed as the leader of the crypto market. However, participants in the Bitcoin community have various receptions for the top fungible coin. Some of them accept that it possesses potential, while others deny it. Bitcoin and XMR continue to move forward, but atomic swaps between them could happen soon. A developer is involved in the establishment of cross-chain atomic swaps is known as Joel…

About four months ago, CME Group announced its plans to launch Bitcoin options on futures. The platform, however, announced the opening of its options market for investors and traders. CME revealed this through its official Twitter handle, mentioning that it provides better capital efficiencies and another means of managing Bitcoin exposure. CME Group first announced the introduction of a regulated Bitcoin options market. Bakkt also delivered the product last month by opening its Bitcoin Monthly Futures Contract. Additionally, FTX also…

The BTC/USD price is currently within a range under the significant hurdle at $8200, suggesting a short-term accumulation stage. The price may rise to over $8200, or it could decline to $7700 to a modest bounce. Bitcoin bulls succeeded in pushing the price to over $8000, despite the resistance. The price established a level over the 100 hourly SMA, although it struggled to rise over the hurdle at $8200. Analyzing BTC/USD Hourly Chart The BTC/USD hourly chart shows a modest…