Bitcoin, Ripple, Bitcoin Cash and Ethereum – Price analysis

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The Bitcoin price may stop its bearish move as a double bottom is evident on the 1-hour chart

Technical Indicators Signals for Bitcoin trader

The 100 SMA is still below the longer-term 200 SMA to indicate that the path of least resistance is down. This means that the downtrend is more likely to continue. The 200 SMA is in the middle of the formation and underlines the resistance strength of the top that needs to be broken. The RSI is currently well above the 50 level and currently signals the overhand of the Bitcoin trader. But the RSI is almost in the overbought zone, which might reflect the exhaustion of the Bitcoin trader in the long run. The Stochastic Oscillator is also on its way up, but could soon return from the overbought level.

Market factors. So far the Bitcoin price could not prevail over the resistance barriers. Many investors are still waiting for groundbreaking news to enter the market. Most expected prices to rise sharply during the Consensus Conference, but as you can see in this article, this has never been the case since the event was launched. Only weeks later were significant price gains achieved.

Bitcoin Profit Cash Price Highlights

Bitcoin Profit Cash found support near $1,220 mark and recovered slightly against the US dollar
There is a bearish short-term trend line forming on the hourly chart with resistance at $1,340 an ounce. Bitcoin profit faces many hurdles near resistance zones at $1,340 and $1,350 an ounce
Bitcoin Cash is slowly recovering from its low at $1,220 an ounce. BCH could rise in the short term, but the strong resistance barrier at $1,350 an ounce still needs to be breached.

Technical Indicators Signals
Yesterday there was a downtrend below $1,300 an ounce. The price was below $1,240 an ounce and almost tested the $1,200 support. A low was formed at $1,220 an ounce before the price rallied. The price managed to overcome the resistance at $1,300 an ounce. There is a short-term bearish trend line forming on the hourly chart with resistance at $1,340. There appears to be a large barrier forming near $1,340 and $1,350 an ounce. A breach above $1,350 could push the price towards the 100-hour SMA and target the next resistance level at $1,400.

Bitcoin Cash Price Analysis
Looking at the graph, the price shows positive signals above $1,240. However, it will be difficult to break through the resistance levels of $1,350, $1,380 and $1,400. The MACD is currently moving slowly in the bullish zone. The RSI is now above the 50 level and shows a slight buyer’s market. The highest support level is currently at $1,240 an ounce while, as mentioned earlier, resistance is at $1,350 an ounce.

2. December 2018

Pantera Capital: Bitcoin price above $60,000 in 2019

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Pantera Capital, one of the first investment companies to focus exclusively on the crypto currency and blockchain sector, has forecast a significant return in a recent 5-year anniversary announcement.

The fifth anniversary celebration of Pantera Capital announced on July 27 via Medium provides a review of the company’s history and the Bitcoin market.

Bitcoin similar to Ethereum code

Pantera Capital, founded in 2013, has remained bullish about Ethereum code ever since, with Dan Morehead and Joey Krug comparing Bitcoin to early Microsoft shares in a 2013 statement highlighted in the media release:

… In my opinion it’s like deciding whether to buy Microsoft back for $0.20 per share a day. It was difficult to do this because the stock was already at $0.10. Over time…. clearly a great trade. I think Bitcoin is just like that now.”

The Pantera Capital Fund has supported some of the most successful crypto projects and invested in projects like 0x, Abra, Augur, OmiseGO and Ripple.

Onlinebetrug: Bitcoin to reach $67,500 in May 2019

Pantera Capital’s Anniversary Announcement and Lifetime Return Reports may be a compelling example of the benefits of crypto investments to date. The market forecasts outlined by the company show a very bullish attitude towards Bitcoin’s future.

Bitcoin reaches $67,500 in 2019 CLICK TO TWETE
The crypto firm forecasts a price of $21,000 per Bitcoin by the end of 2018 and a dramatic increase to $67,500 by the end of 2019. Pantera Capital’s price forecasts are in line with earlier estimates by CEO Dan Morehead, who earlier this year stated that the introduction of custody solutions for institutional investors will trigger a rapid rise in the Bitcoin price.

By supporting projects aimed at solving some of the key problems within the blockchain ecosystem, Pantera Capital appears to have a positive, long-term view of the future of Bitcoin and crypto currency in general:

I think the probability is a little over 50 percent that the world will introduce a global currency/payment system where free cryptography replaces the very costly “trust” of banks/VISA-MasterCard/Western Union/PayPal/etc. Bitcoin dominates cash, electronic paper money, gold, bearer bonds, large stone plates, etc. It [Bitcoin] can do all the things any of them can do.

27. November 2018

Bitcoin Cash Price Highlights

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Bitcoin Cash currently sees itself facing strong resistance at $1,160 an ounce
There is a large bearish trend line forming on the hourly chart with resistance at $1,160 an ounce.
The Bitcoin Cash currently remains in an uptrend above $1,100 against the US dollar. BCH must rise above $1,160 and $1,180 to gain bullish momentum.

Technical Indicators Signals
The Bitcoin Cash price moved towards the $1,170 level but failed to move higher. A high was formed at $1,168 an ounce before the price initiated a downward correction. However, the decline finds support near the $1,120 – $1,130 mark and the 100-hour SMA. Below the 100-hour SMA, there is an important support at $1,100. On the upper side, a large bearish trend line is forming with resistance at $1,160 on the hourly chart.

TradingView’s Bitcoin Code Cash Chart

Bitcoin Cash Price Analysis
Looking at the chart, BCH must settle above the resistance level of $1,160 an ounce in order to gain upward momentum. The MACD is moving slowly in the bearish zone. The RSI Bitcoin Code is currently just above the 50 level. The highest support level is at $1,100, while the highest resistance is at $1,160.

Ripple Price Highlights
Ripple price did not move above resistance at $0.6880 and depreciated against the US dollar
The important ascending channel with support at $0.6700 on the hourly chart highlighted yesterday is intact
XRP must remain above the $0.6700 support range to avoid major price losses in the near future
The Ripple price is traded near major support zones against the US dollar and Bitcoin. XRP could bounce off the $0.6700 support and the 100 hour SMA.

Signals for the Bitcoin Revolution

The price traded to $0.6889 and struggled to gain momentum. As a result, a downward correction was initiated and the price moved below the $0.6800 mark. However, the price finds support at $0.6700. More importantly, the upward channel highlighted yesterday is intact with support at $0.6700 on the hourly chart. If there is a break below channel support at $0.6700, the price could potentially drop back towards $0.6500.

Ripple Chart from TradingView

Ripple Price Analysis
Looking at the chart, the price could rebound from support of $0.6700 an ounce. On the other hand, a break and close above $0.6880 is required to break through the $0.7000 barrier. The MACD has moved back into the bearish zone. The RSI is now well below the 50 level and signals a sellers’ market. As mentioned earlier, the highest support level is found at $0.6700, while resistance is at $0.6880.

29. September 2018

Bitcoin Price Highlights

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Bitcoin Price Fights Against $7,800 Resistance for Days
The bottom formation remains intact and represents a strong support zone.
The Bitcoin price moved close to the $7,800 an ounce but was not yet able to generate enough upward momentum.
Bitcoin continues to stand between the range of resistance and the triple confirmed bottom formation to date.

Technical Indicators Signals

The price gained momentum yesterday, reaching a high of $7,755 an ounce before initiating a correction. The gains that BTC was able to achieve yesterday were completely cancelled out by the downward correction. The Bitcoin price was already at a low of $7,598 an ounce and is currently consolidating its losses to $7,645 an ounce. As mentioned earlier, the resistance at $7,800 must be breached to gain upward momentum. On the downside, there is a short-term support zone at the 100 SMA, which is at $7,500 an ounce. The largest and most important support level is the bottom level at $7,100. Since the 23rd, the Bitcoin price has been moving within this range. The RSI is currently at the 44 level and shows a slight overhand from sellers. However, it is only slightly down, so the Bitcoin price may gain some momentum again in the near future.

Bitcoin Chart from TradingView

market factors
Yesterday we reported about the SEC decision to classify ICOs as securities. This will probably include crypto currencies such as Ethereum, EOS, IOTA, Ripple and many more. Bitcoin will not be covered by this regulation as the SEC already considers Bitcoin to be an independent currency. This means that only registered stock exchanges may offer Ethereum & Co. for trading, while Bitcoin is not subject to any new restrictions. The Bitcoin price could definitely be boosted by this announcement.

Furthermore, it became known this week that a Wall Street giant has already been offering Bitcoin trading for private transactions for two years and will officially integrate the trading desk for all customers in the coming weeks.

Ethereum Price Highlights

The ether price fights for a clear resistance at 614 dollars
Large bullish trend line forming on the hourly chart with support at $598 an ounce
Ether remains in range, important break will be either over $614 or under $600
The Ethereum price faces strong resistance. ETH must rise above the $614 mark.

Technical Indicators Signals
The ether price was mostly above the $590 an ounce level against the US dollar. The price was recently above the $615 level, but could not break the resistance of $617. A high was formed at $617.50 before a downward correction took place. However, the decline was protected by the $598-600 support range. There is also a large bullish trend line forming on the hourly chart with support at $598. The 100-hour SMA is also near the $598 level, which could prevent a drop. The price is facing an important resistance near the $614 level. A break in resistance is necessary for buyers to push the price above the $620 level.

Ethereum Chart from TradingView

Ethereum Price Analysis
Looking at the chart, the price is currently trading within a range. If the resistance level at $614 is breached, another uptrend is possible. If the price drops below $600, it breaks the rising trend line and is likely to initiate a trend change. The MACD is slightly in a bearish zone. The RSI is currently just below the 50 level with a bearish angle, signaling the slight overhand of sellers.

23. September 2018