Can Binance Coin (BNB) Overcome its Next Price Resistance at $15.50?

Key takeaways: In a previous BNB/USDT analysis, Ethereum World News had postulated that the coin would retest $14.  Traders and investors had been advised to keep an eye out for any bullish news that might propel BNB further.  Coincidentally, the exchange acquired Coinmarketcap soon after.  The coin has a short term resistance at $15.50. Will it break this area and continue on its upward trajectory? The news of Binance acquiring Coinmarketcap (CMC) was evidently bullish for Binance Coin (BNB) in […] …

Why analysts are bullish after Bitcoin’s just saw an explosive 10% surge to $7,400

Over the past few days, bullish pressure has been building for Bitcoin; all throughout the last two weeks, the cryptocurrency has been forming an uptrend, registering a consistent series of higher lows and higher highs. On Apr. 6, this streak of strength culminated in an ongoing explosion higher for BTC, which just minutes ago forced […]
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Analyst: this simple Ethereum structure point towards a quick recovery to $200

The Ethereum price increased by 16 percent on the day against the U.S. dollar. Prior to the rally, analysts anticipated ETH to see a rapid recovery to $200 in the near-term. Josh Olszewicz, cryptocurrency technical analyst, was one of the few who observed an ascending triangle forming at larger time frames of the Ethereum chart. […]
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Even after the 50% crash, this Bloomberg analyst thinks Bitcoin is bullish: here’s why

It would be fair to say that Bitcoin didn’t perform too well in March. For those who have been living under a rock, the cryptocurrency shed more than 50 percent of its value on Mar. 12 and 13, plunging from a price just shy of $8,000 to lows at $3,800 in a dramatic fashion, liquidating […]
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Bitcoin (BTC) Reclaims $7,000 as Global Efforts Against the Coronavirus Start to Bear Fruit

In brief: Bitcoin (BTC) has this morning reclaimed the $7,000 value once again.  Its movement is amidst global reports of some countries winning the war against the Coronavirus.  With halving only days away, Bitcoin might continue with its upward trajectory.  In our Saturday analysis of Bitcoin, Ethereum World News had advised a ‘wait and see’ approach with respect to the price action of BTC. This was due to the fact that the 50 and 100 MA on the 6-hour chart […] …

Bitcoin Price Analysis: After Failing to Reclaim $7,000, What’s Next for BTC?

In brief: Bitcoin exhibited some bullish momentum earlier on in the week.  BTC traded briefly at $7,200, dropped below $7,000 and then attempted, with no success, to reclaim this level as support.  However, we are back in familiar territory with $6,900 being the level to overcome once again.  On April fools day, keen crypto traders managed to identify $6,200 as a good support zone for Bitcoin and rode the $1,000 move that soon followed. The King of Crypto traded briefly […] …

Bitcoin just hit $7,000: 3 factors that could be behind this explosive move

Bitcoin has shaken off a worsening coronavirus outbreak and record jobless claims in the U.S., rallying past $7,000 just minutes ago as of the time of writing this article, reaching a local high of $7,200. With the recent surge higher, BTC is up 24 percent from the weekend lows of $5,800. Although many have embraced […]
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Binance and others overtake BitMEX as most-used Bitcoin derivatives platform

As CryptoSlate has detailed extensively over the past few weeks, the dynamic of the crypto market has dramatically changed ever since Mar. 12’s Bitcoin flash crash, during which the market capitalization of the space lost almost 50 percent within a 24-hour time span. Data shows that BitMEX, a top cryptocurrency derivatives exchange, has been especially […]
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Bitcoin’s (BTC) Support at $6,000 Threatened by a Death Cross on the Daily Chart

In brief: Bitcoin (BTC) has had an eventful weekend as it dropped from $6,700 to $6,000. The King of Crypto has tested the $6,000 support zone a few times.  This area of support is crucial as a death cross is forming on the daily chart.  At the time of writing this, all global citizens are taking precautions to safeguard their health and wealth from the devastating effects of COVID19. When we look at our favorite cryptocurrency of Bitcoin, it too […] …