Why Bitcoin Drop to $1,850 May Be Next Despite Bullish Crypto Momentum

In the past 3 months, the Bitcoin price has been relatively stable, performing strongly against the U.S. dollar with solid volume across major markets in the likes of the U.S. and Japan. Since December 16, within a 3-month span, the Bitcoin price has increased from its yearly low at $3,122 to $3,943, testing the $4,000 resistance level. 3-Month Bitcoin Price Chart (Source: Coinmarketcap.com) The stability of Bitcoin has led many tokens and alternative cryptocurrencies to record large gains against both BTC and the USD, with assets Litecoin, Enjin Coin, and…

Bitcoin (BTC) Price Weekly Analysis: Trend Overwhelmingly Bullish To $4,200

Bitcoin price slowly moved higher and dips remained supported above $3,800 against the US Dollar. The price fell significantly recently, but buyers protected the $3,800 support area. There is a crucial ascending channel is in place with support at $3,830 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair remains in an uptrend and it is likely to accelerate above $4,000 and $4,100 in the near term. Bitcoin price is grinding higher with a positive bias above $3,800 against the US Dollar. BTC/USD buyers are…

Ethereum Price Weekly Analysis: ETH Preparing For Larger Breakout

ETH price continues to face a strong resistance just below the $140 level against the US Dollar. The price dipped sharply recently, but it recovered above the $134 support level. There is a key bullish trend line forming with support at $132 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair remains supported on dips and it could still break the $140 resistance area in the near term. Ethereum price is facing many hurdles versus the US Dollar and Bitcoin. ETH/USD’s recent decline was brought back and…

Twitter CEO Jack Dorsey Snaps Up Trezor To Store Bitcoin (BTC)

Dorsey Looks To Secure Bitcoin (BTC) Stash Twitter and Square CEO Jack Dorsey is back to shilling the cryptocurrency space yet again. Most recently, Dorsey took to his personal feed to reveal that he bought a hardware storage device from Trezor, a leading cryptocurrency wallet provider, through the Cash App, a Bitcoin-friendly project that he headed. In a tweet, he revealed he spent 0.06639… BTC on the device, with reports claiming that this implies he bought a Trezor Model S (no, not a Tesla). It is presumed he bought the…