Bitcoin Price Retesting Mean Levels Per Behavioral Finance

The previous bitcoin bubble has popped, and a new one is already forming, at least according to the Crypto Monk. The hugely-followed bitcoin and altcoin trader today compared bitcoin’s price performance to the classic lifecycle of a stock bubble. Just like its traditional counterparts, the bitcoin price bubble too had begun with a stealth phase, when the new money entered the market. It then penetrated the awareness phase, in which more investors started taking notice of bitcoin’s price rise. $BTC despair? pic.twitter.com/nXJPAdnpbJ — The Crypto Monk ⛩ (@TheCryptoMonk) April 15, 2019…

Latest Bitcoin Price Rally Made Mining Profitable: Analyst

The latest bitcoin price rally pushed the cryptocurrency’s price above its average production cost, at least according to Alex Krüger. The crypto market analyst noted that bitcoin mining difficulty increased substantially following the asset’s so-called bottom formation on December 15, 2018, in $$3,100-3,200 range. That signified that more miners were entering the bitcoin economy despite layoffs and shutdowns taking place across the horizon. Meanwhile, the breakeven cost on the December 15 bottom formation was sitting around $3,150. After deducting mining rig depreciation, the value surged to $3,850 against a $3,200 bitcoin price.…

Bitcoin (BTC) Price Hesitates But More Upsides Seem Likely

There was a slow and steady rise in bitcoin after it tested the $4,920 area against the US Dollar. The price climbed higher steadily and broke the $5,200 resistance area to move into a positive zone. There is a key ascending channel in place with support at $5,270 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could dip in the short term, but buyers are likely to buy heavily near $5,270 or $5,250. Bitcoin price is showing positive signs above the $5,200 pivot level…

Ethereum (ETH) Price Could Surge To $200 In Near Term

ETH price remains well supported on the downside near the $170 area against the US Dollar. The price settled in a positive zone above the $165 and $169 resistance levels. There is a major bearish trend line formed with resistance at $176 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could start a significant rally once there is a break above the $176 and $180 resistance levels. Ethereum price gained traction from key supports versus the US Dollar and bitcoin. ETH is currently placed nicely above…

Binance Chain Could Send Ethereum Price Back to Double-Digits: Analyst

Crypto exchange Binance has launched its custom blockchain solution Binance Chain on April 18. But the move might threaten to burn a hole in Ethereum’s pocket. Telegram-based market analysis and trading log, the Gem Club, said Thursday that new cryptocurrency projects had no benefit while choosing the Ethereum blockchain over Binance Chain. The analyst noted the new custom chain could replace Ethereum when it comes to listing projects and issuing their tokens. “BNB is going to have a devastating effect on ETH and send it back to double digits,” wrote the…

Bitcoin Price Watch: BTC Primed For Lift-off To $5,500

Bitcoin price remained well supported above the $5,200 and $5,160 levels against the US Dollar. The price is slowly grinding higher and it may well climb above the $5,350 level. There is a major ascending channel in place with support at $5,210 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is trading nicely in an uptrend and it could continue to climb towards $5,400 and $5,500. Bitcoin price remained well supported on the downside above $5,200 against the US Dollar. BTC is trading nicely…

Adamant Capital: BTC Price Bottom Is Likely In, Accumulation Phase Has Begun

Bitcoin fund Adamant Capital is convinced that the bottom of the bear market is in, and true to its name, the firm has laid out an unwavering case for this position with some persuasive hard data and fundamental analysis. The report, authored by Adamant founders Tuur Demeester and Michiel Lescrauwaet, argues that bitcoin is undervalued at its current price, mirroring sentiments held in Adamant’s 2012 and 2015 reports during bitcoin’s previous downtrends. Weak hands were shaken out in November of 2018, it says, and this capitulation has laid the groundwork…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 19

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The recovery in crypto prices has led to an increase in over-the-counter (OTC) demand for Bitcoin and altcoins. This surge in volume was cited by Binance’s CFO as one of the reasons for its strong Q1 performance. Another platform being watched closely is the…

Bitcoin Clings on Above Key Support Amid Signs of Price Pullback

View Bitcoin suffered a rising wedge breakdown, or bearish reversal, on the hourly chart earlier today. The bearish view, however, has been neutralized by the quick bounce from the key support near $5,170. Acceptance below $5,170 would confirm a head-and-shoulders breakdown on the hourly chart and open the doors to $5,000. A close below $4,912 on Sunday would validate the previous week’s doji candle and allow a deeper price pullback. Bitcoin could challenge the recent high above $5,450 if sellers again fail to keep prices below $5,200. Bitcoin’s (BTC) three-day…

Ripple (XRP) Price Trading Near Make-or-Break Levels

Ripple price climbed sharply towards the $0.3500 resistance before sellers appeared against the US dollar. The price formed a high near $0.3489 and recently corrected lower sharply below $0.3400. There is a key bullish trend line formed with support at $0.3270 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must stay above $0.3260 and the 100 hourly SMA to bounce back in the near term. Ripple price gained traction before starting a downside correction against the US Dollar and bitcoin. XRP could bounce back…