Bitcoin Price Weekly Analysis: Can BTC/USD Hold $7K?

Bitcoin Price Weekly Analysis: Can BTC/USD Hold $7K?

Key Points Bitcoin price remained in a bearish zone above the $7,000 support against the US Dollar. There is a key declining channel forming with resistance at $7,600 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair has to stay above the $7,200 and $7,000 support levels to avoid a…

Ethereum Price Weekly Analysis: ETH/USD Approaching Crucial Break

Ethereum Price Weekly Analysis: ETH/USD Approaching Crucial Break

Key Highlights ETH price settled below the $600 support level with negative signs against the US Dollar. There is a crucial contracting triangle forming with current support at $580 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair may well make the next move either above $600 or below $580 in the…

Bitcoin Cash Price Weekly Analysis: BCH/USD’s Downtrend Intact

Bitcoin Cash Price Weekly Analysis: BCH/USD’s Downtrend Intact

Key Points Bitcoin cash price remained under pressure and declined below the $1,000 support against the US Dollar. There is a monster bearish trend line in place with resistance near $1,060 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair is likely to decline further and it could even break…

Sygnia Plans to Open Cryptocurrency Exchange Later This Year in South Africa

Cape Town-based asset management firm Sygnia Ltd. has plans to open a cryptocurrency exchange in Q3 in response to growing interest in cryptocurrencies from investors across the country. SygniaCoin & Sygnia Cryptocurrency Fund The exchange will be called SygniaCoin, and will ‘offer investors a secure trading and execution platform backed by an international infrastructure, well-designed…

TRON Creator Continues to Show an Interest in Acquiring BitTorrent Inc

TRON is one of the altcoins making a lot of headlines lately. After announcing its imminent main net launch, excitement has taken hold again. It now appears the creator of this project seeks to acquire BitTorrent Inc. It is another step along the way toward creating a completely decentralized internet. BitTorrent Inc is Important Few…

Rapid Growth of Lightning Network Payment Channels Paints a Bright Future for Bitcoin

The Bitcoin ecosystem is set to undergo some major changes. One of the bigger upcoming developments is the Lightning Network. Over the past few months, thousands of new payment channels have been established, signalling a major step in the right direction toward mass adoption of this new technology. The Lightning Network Payment Channels Scaling Bitcoin…

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