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Bitcoin Price Watch: BTC Could Retest $3,600 Before Buyers Reappear
Bitcoin Price Watch: BTC Could Retest $3,600 Before Buyers Reappear
Bitcoin price failed on many occasions to break the key $3,860 resistance level against the US Dollar.
The price started a downward move and broke the $3,800 and $3,760 support levels.
There was a break below a declining channel with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is trading in a bearish zone and it could decline further below…
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Stanford Student Calls Out Crypto Professor for Inaccurate Bitcoin Lecture
Stanford Student Calls Out Crypto Professor for Inaccurate Bitcoin Lecture
In January of 2019, student Conner Brown attended a guest lecture by a Professor Susan Athey at the Stanford University Graduate School of Business. She gave a presentation to his “Evolution of Finance” class titled “Blockchain and the Future of Finance.” According to Brown, the presentation contained “multiple misstatements” about Bitcoin and its fundamentals.
After the presentation, Brown was…
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Bitcoin Price Analysis: Keep an Eye Out for a Close Above the Current High
Bitcoin Price Analysis: Keep an Eye Out for a Close Above the Current High
Shortly after falling from its test of the low $4,000s, bitcoin managed to find support in the mid $3,500s. This has proven to be a relevant level over the last few months, and finding support here would be a sign of relatively strong demand:
Figure 1: BTC-USD, Daily Candles, Local Support
The high candle spread rejection following our test of the low $4,000s was an indication that we had strong…
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Ethereum Price Analysis: ETH Recovery Facing Significant Resistance
Ethereum Price Analysis: ETH Recovery Facing Significant Resistance
ETH price traded lower and broke the recent swing low to form near low near $126 against the US Dollar.
The price bounced back sharply above the $130 resistance after trading to a new weekly low.
There is a significant bearish trend line in place with resistance at $137 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is still facing many strong hurdles near the $137, $138 and…
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