Max Keiser Claims Bitcoin May Target $15,000 This Week, and TA May Support This

Max Keiser Claims Bitcoin May Target $15,000 This Week, and TA May Support This

8:55pm, 4th August, 2019
Bitcoin and the aggregated crypto markets have incurred a significant amount of upwards momentum over the past few days that has allowed BTC to put a significant amount of distance between its current price and its recent lows of $9,100. Now, one Bitcoin advocate is claiming that there is a high possibility that the crypto runs as high as $15,000 in the next week or so, and the crypto’s technical formations may support this possibility. Bitcoin Runs Towards $11,000 as Buying Pressure Builds At the time of writing, is trading up over 1% at its of $10,945, which is up significantly from its daily lows of $10,600, which were set yesterday after a short period of choppy trading. Importantly, this upwards momentum has sent BTC up to a key resistance level of $11,000, which was the price at which the cryptocurrency faced a swift rejection at a couple weeks ago. Currently it remains unclear as to whether or not this price level will once again be a strong region of resistance, but any significant rejection here may invalidate the bullishness has been incurring as of late, and send it reeling lower. Despite this, Max Keiser, an incredibly popular figure within the cryptocurrency industry, explained in a recent tweet that he believes that low-confidence in centralized institutions could push BTC towards $15,000 in the very near future. “I’m sensing #Bitcoin will cross $15,000 this week. Confidence in central governments, central banks, and centralized, fiat money is at a multi-decade low,” he explained. I’m sensing will cross $15,000 this week. Confidence in central governments, central banks, and centralized, fiat money is at a multi-decade low. — Max Keiser, tweet poet. (@maxkeiser) Technical Analysis May Support Keiser’s Theory Although a surge from below $11,000 to over $15,000 seems somewhat farfetched, it may actually be quite plausible while considering the bullish BTC has been incurring. Josh Olszewicz, a popular cryptocurrency analyst on Twitter, explained in a recent tweet that a follow through on some bullish technical signals could lead Bitcoin as high as $18,500 in the near-future. “4h $BTC: e2e nearly complete now, had a few things to support prob of success: – bullish tk cross – confluence w/pattern formation (A&E) – past few convincing 4h kumo breakouts since april have been 40%-70% moves moves, would be 15-18.5 in this case,” he explained in a recent tweet. 4h e2e nearly complete now, had a few things to support prob of success:– bullish tk cross– confluence w/pattern formation (A&E) past few convincing 4h kumo breakouts since april have been 40%-70% moves moves, would be 15-18.5 in this case — Josh Olszewicz (@CarpeNoctom) As the week wraps up, it is highly probable that analysts and investors alike will soon gain greater insight into whether or not Bitcoin is ready to begin a fresh upwards surge. Featured image from Shutterstock. The post appeared first on .
If Bitcoin (BTC) Turns $11,300 Into Support, Bull Run is Back On

If Bitcoin (BTC) Turns $11,300 Into Support, Bull Run is Back On

9:35am, 4th August, 2019
Bitcoin (BTC) has managed to extend its gains into the weekend. As of the time of writing this report, the cryptocurrency is trading at $10,850, having flirted with prices a tad higher than $11,000 on Saturday. Related Reading: According to a growing number of industry analysts, there is growing evidence to back up the idea that Bitcoin is poised to embark on another leg higher, despite the harrowing cries for a return to $6,000 and even lower. Bitcoin Needs $11,000 Bitcoin has been somewhat on a tear as of late. Over the past seven days, the cryptocurrency has gained around 13%. While the exact catalyst is unclear, it seems that this recent recovery was somewhat triggered by recently-published tweets from Donald Trump about the China trade war. In fact, the latest leg higher coincided with the release of one tweet that also sent gold, Japanese Yen, and Swiss Franc higher. analyst Nick Cote, Bitcoin is nearing the point where it may reenter its “bull run” phase. In fact, he writes that should Bitcoin turn the $11,100 to $11,300 region into support, meaning a strong close maybe on the daily and weekly, a move higher would totally make sense. He writes, “[a] weekly engulfing for the bulls has usually had a follow through the following week”. Simple yet god tier analysis: Bull run is back on above the $11.1 – 11.3k level if turned support. Weekly engulfing for the bulls has usually had a follow through the following week. — Nick Cote (@mBTCPizpie) A close above that level would negate the losses sustained last week, meaning that bulls can resume their foray to the upside. Cote isn’t the only one with this analysis. Trader Cantering Clark noted that “a confluence of key factors and […] order flow” are in favor of buyers, and that he doesn’t expect resistance until the $11,200 region. If you were part of the community you know why you should be well into your long by now. A confluence of key factors and both passive and active order flow very much in the favor of the buy side of the market. I am longing any dips currently until 10.1 breaks — Cantering Clark (@CanteringClark) Also, there have been chartists that have pointed out that the current short-term bottoming process looks like an “Adam and Eve” pattern. For those who are unaware, an “Adam and Eve” is a bottoming process that sees two tests of the same level, one sharp drop and one drawn-out decline. Should the pattern play out, Bitcoin may soon rally from these levels to leave the bottoming process in the dust. Per, BTC saw its one-day Moving Average Convergence Divergence (MACD), an indicator that tracks trends, experience a bullish crossover, printing a green candle on the histogram. Related Reading: As McCann points out in the chart above, the last two times that Bitcoin has seen this signal in this cycle was preceding two three-weeks surges to the upside of 52% and 61%. Should history repeat itself, BTC could surge to around $17,000 by the end of August, riding on the back of bullish momentum. The Bear Argument While there are more and more individuals on Twitter starting to flip bullish once again, it isn’t all sunshine and rainbows, so to speak. Related Reading: Analyst has recently mentioned that now isn’t the time to “panic buy”, referencing his belief that Bitcoin should return more sustainable levels around the $6,000 region. He believes that a move lower is more sustainable for Bitcoin, helps the asset maintain its long-term trend lines, reduces volatility, and ensures better price discovery. Now is not the time to panic buy. Until price shows a decisive break from the previous correction, it's best to wait it out. Notice both time-wise and price-wise, this pattern is still within the parameters of the previous~ — dave the wave (@davthewave) Featured Image from Shutterstock The post appeared first on .
Bitcoin Dominance Closing on 70% as BTC Extends Gains

Bitcoin Dominance Closing on 70% as BTC Extends Gains

10:55am, 3rd August, 2019
Crypto markets are climbing as we start the weekend and once again Bitcoin is leading the charge. BTC has held on to gains in five figures and continues to eat into altcoin markets as dominance approaches 70 percent. Bitcoin Closes on $11k BTC has seen its fourth green candle in as many days as the asset continues to climb, making progress above the psychological $10k barrier. A few hours ago during Asian trading from a low of $10,300 to tap an intraday high of $10,860 marking a 5.4 percent gain on the day. The movement has taken BTC back to its highest level for two weeks. The momentum has left most of the altcoins in the digital dust once again as Bitcoin dominance knocks on the door of 70 percent. This equals the mid-July high and puts market share back at December 2017 levels. a few days ago as Bitcoin goes from strength to strength. BTC market dominance – Tradingview.com Analysts are now eyeing the next resistance levels which are around $11,200 with further upside breaks possibly reaching $11,500. On the downside, support lies at $10,400 and $10,000. Missing Out on Four Figures Since sentiment has turned bullish once again, many are wondering if they have missed out on four figure Bitcoin. The past couple of weeks have been bearish and a return to new lows is still a possibility. Trader and analyst Josh Rager pointed this out earlier. “30%+ pullback was a common theme last uptrend & great opportunity to buy at confirmed support.Everyone still wants $8k… & could happen.But ignoring to buy a 35% pullback on the best performing asset over the past ten years b/c it “may” hit 10% lower” 30%+ pullback was a common theme last uptrend & great opportunity to buy at confirmed support Everyone still wants $8k… & could happen But ignoring to buy a 35% pullback on the best performing asset over the past ten years b/c it "may" hit 10% lower Good luck — Josh Rager (@Josh_Rager) Binance boss Changpeng Zhao echoed the sentiment when he “Slap yourself, if you sold $BTC under $10,000.” Elsewhere on Crypto Markets Bitcoin’s dominance surge has left altcoin markets battered and bruised as most of them are in decline this morning. Ethereum has made a little gain and is back above $220 but there is very little going on in this camp to inspire confidence at the moment. XRP has retreated again and is back at a lowly $0.315 and Litecoin has lost fourth place as LTC dumps to $95. Halving is only two days away but there is no sign of any last minute rush to buy Litecoins. As a result Bitcoin Cash has retaken fourth with a 2 percent gain to $336. Monero is one of two only other major cryptocurrencies making a gain as XMR adds 5 percent. Chainlink it’s the other with a huge fomo pump of 23 percent on the day. Image from Shutterstock The post appeared first on .
Bitcoin Candle Formation May Point to $50,000 Possibility in Coming Years

Bitcoin Candle Formation May Point to $50,000 Possibility in Coming Years

11:36pm, 2nd August, 2019
Bitcoin and the aggregated crypto markets have been able to extend the upwards momentum that they have incurred over the past several days, which has allowed BTC to put some distance between its current prices and its recent lows of $9,100. Importantly, one analyst is now explaining that Bitcoin is forming its fourth monthly “Doji candle,” which is a sign of uncertainty; historically, the formation of several Doji candles precedes massive bull runs. Bitcoin Climbs to $10,600 as Buyers Flex Their Strength At the time of writing, is trading up nearly 6% at its of $10,620, which is up significantly from its 24-hour lows of below $10,000. Over the past seven days, BTC has incurred significant volatility that has led to the formation of a wide trading range, with weekly lows of $9,100 and highs around its current price. The key level that should be watched in the near-term is $11,000, as this is the price at which the cryptocurrency was rejected at a couple weeks ago when BTC rapidly surged to this price level before reeling all the way down to the lower-$9,000 region. Although it remains unclear as to whether or not Bitcoin will face a similar rejection as it nears $11,000, Raoul Pal, an economist and popular figure within the crypto community, recently noted that he believes BTC is a “great macro asset” presently. “Bitcoin is a rocket ship on the launch pad…very much lining up with the big macro picture…. It appears bitcoin is a great macro asset too right now,” he explained. is a rocket ship on the launch pad…very much lining up with the big macro picture…. It appears bitcoin is a great macro asset too right now — Raoul Pal (@RaoulGMI) Could BTC Be Gearing Up for a Parabolic Movement to $50,000? Assuming that BTC’s macro-picture does remain , it may currently be laying the groundwork for a movement to fresh all-time-highs of $50,000. Moon Overlord, a popular cryptocurrency analyst on Twitter, discussed this in a recent tweet, referring to a chart that elucidates the similarities seen between BTC’s current price action and that seen in years past. “There’s been 3 Doji monthly candles along the median long term regression line after bitcoin broke above it. After each one #bitcoin has tapped the top band. This month we’re forming our potential 4th doji / (uncertainty candle). A run to the top band would put $BTC at $50,000+,” he said. There's been 3 Doji monthly candles along the median long term regression line after bitcoin broke above it After each one has tapped the top band This month we're forming our potential 4th doji / (uncertainty candle) A run to the top band would put at $50,000+ — Moon Overlord (@MoonOverlord) As Bitcoin continues to react to its current position right below the key $11,000 level, it is highly likely that analysts and investors will soon gain greater insight into which direction the are heading next. Featured image from Shutterstock. The post appeared first on .
Tezos Beats Bitcoin in Latest Price Rally, Up 44% This Week

Tezos Beats Bitcoin in Latest Price Rally, Up 44% This Week

Tezos (XTZ) is proving to be a better near-term investment than bitcoin this week. The altcoin, accompanied by favorable fundamentals, has surged by 44 percent in the last four days as it looks to close the week at an even higher rate. As of 12:29 UTC, the instrument was trading at 1.452, up 3.71 percent in the last 24 hours. The move upside brought Tezos market capitalization to circa $962 million, which makes 0.40 percent of the entire cryptocurrency market valuation. At its highest, the cap was around $1.457 billion. Tezos has Surged 16% in the Previous 24 Hours | Image Credits: CoinMarketCap.com The surge accompanied a similar price action across the rest of the cryptocurrency market. Bitcoin, the world’s leading cryptocurrency, broke out of its interim bearish bias soon after the Federal Reserve by 25 bps. It further got a boost from US President Donald Trump’s of worth $300 billion on Chinese imports. Our representatives have just returned from China where they had constructive talks having to do with a future Trade Deal. We thought we had a deal with China three months ago, but sadly, China decided to re-negotiate the deal prior to signing. More recently, China agreed to… — Donald J. Trump (@realDonaldTrump) Altcoins, which typically move in tandem with bitcoin, surged likewise on the news. Ethereum, the second-largest cryptocurrency by market cap, was up 2.87 percent on a 24-hour timeframe. Other assets, including Bitcoin Cash, Litecoin, and Bitcoin SV also surged similarly. Nevertheless, Tezos reserved the title of the best performing crypto-asset this week after rising the maximum. It had great fundamentals fueling the price rally. Coinbase Integration On July 30, San Francisco-based cryptocurrency exchange Coinbase Pro announced that it is going to add Tezos to its trading platform. The move followed the addition of Tezos staking services to another Coinbase division, Coinbase Custody, injecting confidence in the market about the blockchain project’s growth potential in the US. “On Monday August 5, transfer XTZ into your Coinbase Pro account ahead of trading. Support for XTZ will be available in Coinbase’s supported jurisdictions, with the exception of New York State. Additional regions may be added at a later date,” — the announcement. The XTZ/USD instrument started posting gains right after the Coinbase announcement. On the day, the pair surged by as much as 26.97 percent – from $0.997 to $1.269. By the end third daily session, it had already extended its gains by setting a weekly high of $1.474. Court Controversy While Coinbase has lifted the spirits of Tezos bulls, some events could foul the cryptocurrency’s upside. Like Ripple, Tezos is currently facing a high-profile lawsuit from several investors who claim XTZ is a security, not a utility asset. Should the court agree with the plaintiffs, then trading XTZ on Coinbase – a US-based regulated exchange – would be illegal. Moreover, Tezos founder could be held accountable for selling securities without obtaining permission from the Securities and Exchange Commission. Such events could negate a large percentage of Tezos gains. The post appeared first on .
Bitcoin & Crypto Market Cap Trending Higher: Litecoin, BNB, BCH, TRX Analysis

Bitcoin & Crypto Market Cap Trending Higher: Litecoin, BNB, BCH, TRX Analysis

12:56am, 2nd August, 2019
The total crypto market cap is gaining momentum above the $260.0B and $265.0B resistances. Bitcoin price is showing positive signs and it recently broke the key $10,200 resistance area. Binance coin (BNB) price is rising steadily and it recently broke the $28.00 resistance area. Litecoin (LTC) price tested the $100.00 resistance once again, but failed to continue higher. BCH price is moving higher once again towards the $330 and $335 resistance levels. Tron (TRX) price seems to be consolidating above the key $0.0220 support area. The crypto market cap and bitcoin (BTC) are currently trading with a bullish angle. (ETH), BNB, litecoin, , BCH, TRX, XLM and EOS could also climb higher. Bitcoin Cash Price Analysis After a short term correction, BCH price found support near the $320 level against the US Dollar. The BCH/USD pair is currently moving higher and it could rise towards the $330 resistance level. If there are more gains, the price could rise towards the $340 resistance level. If the price fails to continue higher, it could decline once again towards the $320 support. Therefore, if there are more losses, there are chances of a dip towards the $305 support area. Binance Coin (BNB), Litecoin (LTC) and Tron (TRX) Price Analysis Binance coin (BNB) price started a steady rise from the $26.20 support level. BNB price broke the key $27.00 and $28.00 resistance levels. It even traded close to the $29.00 level and is currently correcting lower. The main support is near $28.00, followed by $27.80. On the upside, a break above $29.00 might push the price towards the $30.00 level. Litecoin price is trading in a positive zone, but it seems to be struggling to gain momentum above the $100.00 resistance. Moreover, LTC price made two attempts to break the $100.00 resistance, but it failed. It is currently consolidating above the $95.00 and $92.00 support levels. Tron price remains in a bearish zone below the $0.0230 resistance level. TRX price is under pressure and it might even break the $0.0220 support level once again. The next key supports are near $0.0210 and $0.0205, followed by the main $0.0200 barrier. Looking at the total cryptocurrency market cap 4-hours , there was a steady rise above the $260.0B and $265.0B resistance levels. There was even a close above the $270.0B resistance and the 100 simple moving average. On the upside, the next important resistance is near the $280.0B and $284.0B levels. A break above $284.0B might push the market cap towards $300.0B. Therefore, there could be more gains in bitcoin, Ethereum, EOS, litecoin, ripple, binance coin, BCH, TRX, XMR, XLM and other altcoins in the coming sessions. The post appeared first on .
Bitcoin Price (BTC/USD) Correcting Gains, Dips Remain Supported

Bitcoin Price (BTC/USD) Correcting Gains, Dips Remain Supported

2:17am, 1st August, 2019
Bitcoin price climbed higher recently and broke the $10,000 resistance area against the US Dollar. The price retested the $10,200 resistance area and it is currently correcting lower. There was a break below a short term ascending channel with support near $10,020 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently correcting lower, but dips remain supported near the $9,850 and $9,800 levels. Recently, there was a nice upward move in bitcoin price above $10,000 against the US Dollar. BTC price retested the main $10,200 resistance level and it is currently correcting gains. Bitcoin Price Analysis Yesterday, we in bitcoin price above $10,000 against the US Dollar. The BTC/USD pair did gain momentum above the $9,800 resistance and the 100 hourly simple moving average. Moreover, the pair broke the $10,000 resistance level and revisited the $10,200 resistance. A swing high was formed near $10,182 and the price is currently correcting lower. It traded below $10,100 plus the 23% Fib retracement level of the recent rise from the $9,645 low to $10,182 high. Moreover, there was a break below a short term ascending channel with support near $10,020 on the hourly chart of the BTC/USD pair. The pair is now trading near the $10,000 level, with an immediate support near the $9,940 level. Additionally, the next key support is near $9,910 plus the 50% Fib retracement level of the recent rise from the $9,645 low to $10,182 high. The main support is near the $9,850 level. If there is a below the $9,850 support, the price could revisit the $9,650 level. The 100 hourly SMA is also waiting near the $9,640 level. Any further losses might push the price towards the $9,300 zone. It represents the 1.236 Fib extension level of the recent rise from the $9,645 low to $10,182 high. On the upside, an immediate resistance is near the $10,050 level, above which the price is likely to retest the $10,200 resistance level. Therefore, the bulls need to gain strength above the $10,180 and $10,200 resistance levels in the near term for further gains. Looking at the , bitcoin price is clearly trading with a positive bias above the $9,900 and $9,850 levels. Conversely, if there is a fresh decline, the bulls are likely to protect the $9,640 support level. On the upside, a clear break above $10,200 will most likely set the pace for a move towards $10,500. Technical indicators: Hourly MACD – The MACD is slowly gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently declining lower towards the 50 level. Major Support Levels – $9,910 followed by $9,850. Major Resistance Levels – $10,050, $10,200 and $10,500. The post appeared first on .
Bitcoin Price Rejected From $10K, Or the Start of a Bullish Reversal?

Bitcoin Price Rejected From $10K, Or the Start of a Bullish Reversal?

2:57pm, 31st July, 2019
This morning, July 31, 2019 soared from lows around $9,500 to a local high of $10K before the leading crypto asset by market cap took a short pause. Bears have been in control ever since Bitcoin price was rejected from $13,800, and has struggled to maintain the bullish momentum it has had behind it since the early April rally first began. But Bitcoin price is also not going down without a fight from bulls, who may now be turning the tide if the push above $10K can be maintained. Bitcoin Price at $10K: Bearish Continuation or Bullish Reversal? Over the month of July, Bitcoin price has fallen steadily from its June highs near $14K. After a powerfully violent rejection that resulted in a flash crash that knocked out most exchanges, Bitcoin has struggled to revisit highs and continues to set higher lows and lower highs – the exact definition of a downtrend. Related Reading | But as the first-ever crypto-asset appears to be on the ropes and flirting with further downside, bulls have begun to show signs of strength once again, and the push to $10K may be the beginning of a full-blown bullish reversal. Weekly support at $9,400 may have proven too strong for bears to break through, and have given bulls the slight upper hand in recent days. However, Bitcoin will need to break and close above weekly resistance around $10,200 in order for the reversal to have the momentum that bulls will need to set a higher high and resume Bitcoin’s uptrend. Pivotal Moment for The Short-Term Future of BTC and Crypto Bitcoin price is clearly at a pivotal point. During the last bull market, corrections rarely exceeded a 30% drop, and each 30% drop resulted in roughly a 150% increase from each correction. With the current correction slightly over 30%, if Bitcoin sets a new high from here, it’s almost certain that a new bull run is confirmed and the price per BTC could reach a new all-time high in a matter of weeks to months. The bearish scenario would have seen this small rejection at $10K to be the final blow to bulls who are floundering from the recent downtrend and sell pressure. Related Reading | Sell pressure has only picked up in recent days, following the massive rejection at $13,800. Since then, the United States government has come out in full force, making threats, negative statements, and . The fear, uncertainty, and doubt have caused altcoins to capitulate, Bitcoin price to drop, and the entire market to come to a standstill as can be seen in trading volume dwindling. Where goes in the next week or so could define its trend for the remainder of the year. Will we see a new all-time high after the is breached again, or is that FOMO trigger now resistance and this was the last stand for worn-out bulls? only time will tell. The post appeared first on .
Bitcoin Price (BTC/USD) Signaling Bullish Continuation To $10,200

Bitcoin Price (BTC/USD) Signaling Bullish Continuation To $10,200

3:37am, 31st July, 2019
Bitcoin price formed a solid support near the $9,200 level and recently recovered against the US Dollar. The price is trading nicely above $9,500 and it recently tested the $9,770 level. There is a short term contracting triangle forming with resistance near $9,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to continue higher once it clears the $9,750 and $9,800 resistance levels. In the past few hours, bitcoin price recovered above $9,500 against the US Dollar. BTC price is showing positive signs and it could continue to rise towards $10,000 and $10,200. Bitcoin Price Analysis Yesterday, we saw a solid support forming for bitcoin price near the $9,150 and $9,200 levels against the US Dollar. As a result, the BTC/USD pair started a decent upside correction above the $9,300 and $9,320 resistance levels. Moreover, there was a successful break above the $9,500 resistance level and the 100 hourly simple moving average. Besides, there were positives moves in and as well. During the rise, BTC price climbed above yesterday’s highlighted connecting bearish trend line with resistance near $9,470 on the hourly chart. It opened the doors for more gains above $9,500 and $9,600. Finally, the price broke the $9,700 level and a new intraday high was formed at $9,767. Recently, the price corrected gains below the $9,600 level plus the 50% Fib retracement level of the upward move from the $9,182 low to $9,767 high. However, the decline was protected by the $9,525 area and the 100 hourly SMA. Additionally, the 61.8% Fib retracement level of the upward move from the $9,182 low to $9,767 high acted as a support. At the outset, there is a short term contracting triangle forming with resistance near $9,750 on the same chart. If bitcoin price climbs above the $9,750 and $9,770 levels, there could be more gains above $9,800. The next immediate resistance is near the $9,940 level, above which the price is likely to surpass $10,000. The main resistance on the upside is near the $10,200 level. Conversely, if there is a downside break below the $9,525 support and the 100 hourly SMA, the price could retest the $9,200 support area. In the past few hours, bitcoin price recovered above $9,500 against the US Dollar. BTC price is showing positive signs and it could continue to rise towards $10,000 and $10,200. Looking at the , bitcoin price is showing a few positive signs above the $9,500 level. However, the bulls might struggle to clear the $9,770 and $9,800 level. If they succeed, the price could revisit the $10,200 resistance. Technical indicators: Hourly MACD – The MACD is slowly reducing its bullish slope. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently moving higher and is well above 55. Major Support Levels – $9,525 followed by $9,400. Major Resistance Levels – $9,770, $9,940 and $10,200. The post appeared first on .