Bitcoin Price Plunge to $3,700 Expected; Retreat is a Blessing For Crypto

Following a rapid surge in the Bitcoin price from $3,614 to $4,000 within a span of three days, traders are expecting BTC to retrace by around 7 percent to $3,700. The cautious projection on the price trend of the dominant crypto asset comes after the failure of BTC to climb beyond the crucial $4,000 resistance level. On February 19, BTC achieved $4,000 across major crypto exchanges including Bitstamp and Binance. Shortly thereafter, it fell to the low $3,900 region and today, below the $3,900 level. What does Will Bitcoin Pullback…

Bitcoin Price Watch: BTC Bulls And Bears Lock Horns For Next Break

Bitcoin price spiked towards the $4,000 resistance, but failed once again versus the US Dollar. The price traded lower and broke the $3,950 and $3,940 support levels. There was a break below a connecting bullish trend line with support at $3,925 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains well supported above $3,860 and the 100 hourly simple moving average. Bitcoin price is still facing a strong resistance near the $4,000 zone against the US Dollar. BTC bears and bulls locked horns as…

Crypto Market Targets Fresh Highs: Bitcoin Cash, EOS, XLM, TRX Price Analysis

The total crypto market cap declined recently, but it found support near the $126.5B level. Bitcoin cash price corrected lower and declined below the $146 and $145 support levels. EOS price is currently consolidating gains above the $3.85 support area Stellar (XLM) corrected higher, but it struggled to break the $0.0920 resistance area. Tron (TRX) is confined in a range below the $0.0255 resistance area. The crypto market is holding a crucial support and it could bounce back. Bitcoin (BTC), BCH, Ethereum, EOS, ripple, stellar (XLM), tron (TRX) and other…

Ripple Price Analysis: XRP Signaling Bearish Extension In Short Term

Ripple price failed to stay above the $0.3250 and $0.3200 support levels and declined against the US dollar. This week’s followed major bullish trend line was breached with support near $0.3245 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair declined below $0.3200 and tested the next key support near the $0.3140 level. The current price action is slightly bearish, suggesting more losses towards the $0.3050 support area. Ripple price failed to hold gains and declined recently against the US Dollar and bitcoin. XRP/USD could…

Ethereum Price Analysis: ETH Hesitates But Break Above $150 Seem Likely

ETH price is currently trading in a broad range above the $140 and $142 supports against the US Dollar. The price seems to be facing a strong resistance near the $148 and $150 levels. There is a key bullish trend line formed with support at $143 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $140 support to clear the $150 barrier in the near term. Ethereum price is likely preparing for the next break against the US Dollar and bitcoin. ETH/USD could…

IBM Crypto Chief Sets Massive Bitcoin Price Target

IBM VP of Blockchain and Digital Currencies Jesse Lund is bullish on Bitcoin – so bullish, in fact, that he set a long-term $1 million price target. Bitcoin Price Has Million-Dollar Potential Lund revealed his long-term Bitcoin price target at the recent Think Conference, in an interview with Fred Schebesta. The IBM executive pointed out that the higher the price of a crypto asset, the more utility it has. Therefore, he thinks people should focus less on the moving prices of crypto assets and more on their utility. “If the price…

Brutal Bitcoin Winter is Great for Crypto: Reddit Founder Alexis Ohanian

Bitcoin investors should not be discouraged by the brutal Crypto Winter because the mass purge is actually good for the long-term health of the industry. That’s the observation of Coinbase investor Alexis Ohanian, better known as the founder of social media network Reddit. ‘This Is the Spring of Crypto Innovation’ Ohanian — the husband of American tennis star Serena Williams — admits that bitcoin is experiencing a prolonged market slump. However, despite the Crypto Winter, he says now is actually the “spring of crypto innovation.” Why? Because the people that remain…

Is BitTorrent (BTT) Success Capping Tron (TRX) Demand?

Tron prices slow down as TRX slip to ninth BitTorrent (BTT) could be capping TRX demand Transactional volumes are low and well below 42 million of Feb 4 Even with low volumes, we retain a bullish outlook on Tron (TRX). It is likely that the decision to reward BitTorrent seeders with BTT and not TRX is behind recent price shrinks. Tron Price Analysis Fundamentals The acquisition of BitTorrent by the Tron Foundation promised to be—and is still is—a massive move by a blockchain start-up whose primary objective is to decentralize…

Ripple (XRP) Falter, Liquidation at 34 Cents

Ripple prices under pressure at 34 cents Instimatch Global partner with R3 Corda Settler Transaction volumes high but could dip in coming days There is consolidation happening in the remittance space, and it is good news that Instimatch Global is partnering with R3 Corda Settler. Yoshitaka’s SBI Holdings is behind Ripple Inc and R3 and therefore, successful use will see XRP demand increase as prices finally break above 40 cents. Ripple Price Analysis Fundamentals Instimatch Global, a firm that says “enables a diverse community of institutional borrowers and lenders to…

Bitcoin (BTC) Prices Cool Off, KYC and AML Defeat Purpose of Crypto

Bitcoin prices cool off but up 8.7 percent in the last week KYC, AML and other rules imposed by centralized exchanges defeats crypto objectives Transaction volumes taper as prices consolidate Albeit the excitement around expanding prices and wave of adoption, KYC and AML rules that expose user identity but made mandatory by exchanges defeat the very purpose of crypto. Progress is visible and would organically pump Bitcoin (BTC) prices. Bitcoin Price Analysis Fundamentals After a decade of wonderful-and even jaw-dropping progress, it may be about that time when participants can…