Bitcoin Price Analysis: BTC/USD Price Steadily Increases, Targes $4,254 Price Level

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Bitcoin Price Analysis: BTC/USD Price Steadily Increases, Targes $4,254 Price Level

Key Highlights:

• Consolidation is over in Bitcoin market;
• the Bulls dominate the BTC market;
• the coin may find its resistance at $4,254 price level.

BTC/USD Medium-term Trend: Bullish

Resistance levels: $4,254, $4,385, $4,454
Support levels: $4,130, $4,050, $3,961On the Medium-term outlook, BTC/USD is Bullish. Last week, BTC/USD bottomed at $3,961 and the Bulls rejected a further reduction in the price of BTC by gathering the momentum and pushed up the BTC price. As predicted before, the Bulls were able to break up the $4,050 price level and extended the bullish pressure towards $4,130 in which the level could not hold. The Bulls broke up the $4,130 and rallying towards the resistance level of $4,254.

The 21 periods EMA is placed above the 50 periods EMA with the two EMAs fanned apart to indicate increased bullish pressure in the BTC market. The Stochastic oscillator period 14 is at 70 levels with the signal line pointing up to indicate buy signal and a further increase in Bitcoin price.

Further increase in the Bulls’ momentum will further increase the BTC price in which the resistance level of $4,254 may be its target. There is a tendency for the price to experience pullback at the $4,254 before it continues its uptrend movement.

BTC/USD Short-term Trend: Bullish

On the short-term outlook, BTC/USD is bullish. The Bulls continue to dominate the BTC market since March 26 when the Bullish engulfing candle formed at $3,961 support level. Bitcoin price continuously increasing steadily and broke up the barriers at $4,050, $4,130. The BTC price is currently exposed to $4,254.

The 21 periods EMA has crossed the 50 period EMA upside and the price is trading above the two EMAs. Bitcoin price may experience price retracement as the Stochastic Oscillator period 14 is above 80 levels (overbought level). There is a tendency for the bullish trend to continue after the price retracement.

Bitcoin Price Analysis: BTC/USD Price Steadily Increases, Targes $4,254 Price Level

Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries.

Blockchain 101 · Crytpo Currency Market
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Blackminer F1 Mini is an Upcoming Single Chip FPGA Miner

Blackminer F1 Mini is a new single-chip FPGA miner from Hashaltcoin that supports the same large number of crypto algorithms as their larger multi-chip Blackmienr F1 and Blackminer F1+ FPGA mining devices. The new Blackminer F1 Mini FPGA miner is a great entry level device that comes with a price of $179 USD and is available for pre-order with delivery time set for May 5, 2019. The the first batch of the F1 mini is only 300 units and it comes with no power supply or heatsink in order to reduce the shipping cost, these you need to provide yourself. You need an ATX power supply (6-pin PCI-E), DC 12V 6A or 12V 8A power supply (50W typical power usage) as well as a pretty standard cooler for Intel LGA115X CPU that should be compatible with the design. We have not tested any hardware from Hashaltcoin yet, though the F1 mini does sound like a nice and affordable FPGA miner to try and experiment with before going for any of their larger products…

Blackminer F1 Mini Supported algorithms:
– lyra2z: 5.1 MH/s
– skeincoin: 420.0 MH/s
– xvg_lyra2rev2: 18.0 MH/s
– phi1612: 26.0 MH/s
– tribus: 244.0 MH/s
– nexus: 210.0 MH/s
– 0xbtc: 1.95 GH/s
– keccakc: 2.18 GH/s
– keccakd: 2.18 GH/s
– amoveo: 4.59 Gh/s
– veriblock: 1.0 GH/s
– verus2: 22.8 MH/s
– bcd: 15.4 MH/s
– lyra2rev3: 20.0 MH/s

– For more information about the upcoming Hashaltcoin Blackminer F1 Mini FPGA miner…

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

Blockchain 101 · Crytpo Currency Market
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Ripple Price Analysis: XRP Could Outperform If It Clears $0.3250

• Ripple price declined heavily before buyers appeared near the $0.2965 support against the US dollar.
• There was a sharp rebound and the price moved above the $0.3050 and $0.3100 resistances.
• There is a crucial bearish trend line in place with resistance at $0.3220 on the 4-hours chart of the XRP/USD pair (data source from Poloniex).
• The price is likely to face a strong resistance near the $0.3220 and $0.3250 levels in the near term.

Ripple price rebounded nicely above $0.3100 against the US Dollar. XRP must surpass the $0.3250 and $0.3300 barriers to start a strong bullish wave in the coming days.

Ripple Price Analysis

This past week, there were positive moves in bitcoin, Ethereum, bitcoin cash, ADA and ripple against the US Dollar. Earlier, the XRP/USD pair declined heavily and broke the $0.3080 and $0.3000 support levels. There was even a spike below $0.2980 and the price traded as low as $0.2968. Later, the price recovered significantly above the $0.3000 and $0.3100 resistance levels. The price even settled above the $0.3100 level and the 55 simple moving average (4-hours).

However, the upside move faced a strong resistance near the $0.3250 level. There is also a crucial bearish trend line in place with resistance at $0.3220 on the 4-hours chart of the XRP/USD pair. The pair dipped recently below $0.3200, and 23.6% Fib retracement level of the last wave from the $0.2968 low to $0.3255 high. However, the recent decline was protected by the $0.3100 support and the 55 simple moving average (4-hours).

Besides, the 50% Fib retracement level of the last wave from the $0.2968 low to $0.3255 high acted as a strong support. The price bounced back and it is currently approaching the $0.3200 resistance and the same bearish trend line. If there is a break above the trend line, the price could retest the $0.3255 resistance area. A clear break above the $0.3255 resistance may perhaps set the pace for more gains towards $0.3500 and $0.3750 barriers.

Looking at the chart, ripple price is placed nicely above the $0.3110 level and the 55 simple moving average (4-hours). Having said that, buyers need to gain bullish momentum above the $0.3220 and $0.3250 levels. On the downside, an initial support is at $0.3150 level, below which it could retest the $0.3110 support. Only a daily close below $0.3100 is likely to push the price into a bearish zone.

Technical indicators

4 hours MACD – The MACD for XRP/USD is currently gaining bullish momentum, with a positive bias.

4 hours RSI (Relative Strength Index) – The RSI for XRP/USD is currently well above the 55 level.

Key Support Levels – $0.3150, $0.3110 and $0.3100.

Key Resistance Levels – $0.3220 and $0.3250.

The post Ripple Price Analysis: XRP Could Outperform If It Clears $0.3250 appeared first on Live Bitcoin News.

Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries.

Blockchain 101 · Crytpo Currency Market
—————————————————
Trezor: Hardware Wallet
Binance: Exchange for Traders
Ledger Nano S: Hardware Wallet
Coinbase: Exchange for Investors
CoinSwitch: Wallet-to-Wallet Exchange

Via: Ripple Price Analysis: XRP Could Outperform If It Clears $0.3250

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Buzzex Global Crypto Exchange Announces Start of Trading Operations

Bitcoin Press Release: UK-based crypto exchange platform Buzzex has just announced the start of trading on its’ platform, alongside many developments, competitions, and programs. Friday 29th March, 2019, London, United Kingdom – Buzzex is a new secure digital asset trading platform, built by a group of traders and cryptocurrency enthusiasts, which boasts some unique features. Built from the ground, it will allow traders to maximize their profits with every trade they make. The trading platform will open up with over 100 active coins and markets for traders to exchange digital currencies. Introducing the Smart Order Routing System Instead of an isolated liquidity source, Buzzex uses

The post Buzzex Global Crypto Exchange Announces Start of Trading Operations appeared first on CCN

source https://www.ccn.com/buzzex-global-crypto-exchange-announces-start-of-trading-operations

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Bitcoin Price Could Blitz Beyond $150,000 During Next Bull Cycle in 2023

Despite the 82 percent drop in the valuation of the crypto market in the past year and the inability of bitcoin to recover beyond $4,000 in the past three months, one analyst sees the dominant cryptocurrency surpassing $150,000 by 2023. Josh Rager, a cryptocurrency technical analyst and investor, said that based on the price trend of bitcoin since 2011 and the pattern of bitcoin rebounding from a correction following an all-time high, he sees bitcoin achieving a new peak price in 2,051 days, by 2023. The next Bitcoin cycle should peak out in July 2023 and could reach a price

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source https://www.ccn.com/bitcoin-150000-2023-next-cycle-analyst

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Kleiman Estate Says Satoshi Reveal ‘Is Relevant’ in Billion Dollar Bitcoin Lawsuit

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Exclusive: Crypto Founder Lashes Out, Blames SEC for ‘Starving’ Innovation

“My name is David Siegel, I am a regulatory refugee from the United States.” This is how David Siegel, founder of crypto projects Pillar and 20|30, starts his presentations. What challenges have you faced building projects within the blockchain industry? Siegel understands the need for innovation and disruption within economies, and he can get more done in the UK and Europe than he can in the US. His frustration is that institutional legacy mindsets are holding society back at the precise point when we have the ability to leap forward. I can hear the frustration in his voice as we

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