Bullish Correction Possible if Price Holds Above $3,550

Bitcoin Price — Quick Take: The bitcoin price dropped more than 8 percent on a 24-hour adjusted timeframe. The cryptocurrency is attempting a pullback from a historically strong support area above $3,550. Further breakdown action could lead to a double bottom scenario. The bitcoin price on Thursday plunged more than 8 percent across the Asian and European trading session, according to aggregated market data at CoinMarketCap.com. The BTC/USD pair is trading at $3,635 on Coinbase at press time, up 2.7 percent from its session low at $3,556. It formed an…

Why the Crypto Market Remains ‘Moderately Bearish’ in 2019

With the exception of Ethereum, which seems to have started the year with all guns blazing ahead of the Constantinople fork, it won’t surprise anyone that the market analysts SFOX rate crypto as “moderately bearish” entering 2019. In fact, with further sharp drops in all major coins today, perhaps even the word “moderately” is wishful thinking. Source: SFOX Volatility Report However, unlike many price predictions based on the instincts of even the most credible CEO or economist, the SFOX Volatility Report is based on more than just sentiment. The cryptocurrency…

TRX Drop to 2.5 Cents Imminent

Tron price fall 5.1 percent but is still bullish David Labhart joins the Tron Foundation as Head of Compliance Bear volumes high and above average–61 million versus 23 million In light of today’s candlestick arrangement and level of participation, TRX is likely to drop to 2.5 cents. However, should it found support; the bounce will see TRX clear 3 cents as bulls march to 4 cents by mid-February. Tron Price Analysis Overview At ninth, TRX market cap stands at $1.708 billion and $300 million away from flipping Litecoin as the…

Bitcoin (BTC) Falls 5% Amid Sudden Crypto Market Meltdown

Market Drops Drastically In 2019 First On Wednesday night, The Crypto Dog, a leading Bitcoin analyst, took to his Twitter page, which sports over 100,000 followers, to draw attention to the Ethereum/USD chart, noting that something might happen soon. The chart, which accentuated ETH’s wedge formation, indicated that a breakout (either up or down) was slated to happen. whatever gonna happen I think it might gonna happen soon pic.twitter.com/NvhoThFldI — The Crypto Dog📈 (@TheCryptoDog) January 10, 2019 Just hours after his tweet, Ether, along with BTC and the rest of…

The First Live Enterprise Blockchain Sets Sights on Every Area of Global Trade

In a space infamous for promising radical transformation but delivering mostly prototypes so far, Roberto Mancone, we.trade’s chief operating officer, has a record of making good on his pledges. Early last year, he promised the trade finance blockchain platform would go live by mid-2018 – which it did, with a focus on trading between small and medium-size enterprises (SMEs) in various European countries. Later in the year, we.trade pledged it would make its first move outside Europe – which it did, announcing a project to explore interoperability with Hong Kong’s…

Bitcoin Price Watch: BTC Likely Preparing For Bullish Ride

Bitcoin price is placed nicely above the $3,965 and $3,980 support levels against the US Dollar. There is a short term triangle forming with resistance at $4,045 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may continue to move higher towards $4,250 if there is a clear break above $4,080. Bitcoin price is gaining bullish momentum above $4,000 against the US Dollar. BTC remains supported on dips and it may soon climb above the $4,150 and $4,200 resistances. Bitcoin Price Analysis Yesterday, we discussed…