Power
Mar 16, 2020 at 13:47
Ethereum May Fall Into Local Bottom as Bears Break $100 Support Level
Last week, the bears pushed Ethereum to the bottom of the chart. Ethereum nosedived to the low of $101 but pulled back above $120 to resume a sideways trend. The bulls could not push price above $140 resistance. Ether is also repelled each time price tested the resistance level. This also explains that ETH lacks buying power at a higher level.
Mar 09, 2020 at 12:46
Bitcoin Falls as Bears Overwhelm Bulls Above $9,000 Resistance
Surprisingly, Bitcoin has plunged below $8,000 after failing to break above the $9,200 resistance. The bulls have earlier broken the price range of $8,400 and $8,800 and push above $9,000. Bitcoin faces intense selling pressure at $9,200 as the market nosedived to the low of $7,822. On the downside, as the bears broke $8,400 support, the next support ought to be at $7,800.
Feb 13, 2020 at 16:42
Bitcoin Mining Difficulty Factor Hits a Flat Curve as Coronavirus Rages in China
The outbreak of the new coronavirus in China has halted economic activities in the mainland which is the key producer of Bitcoin mining Hardware. As fewer mining machines are added to mine Bitcoin, the difficulty algorithm is relaxed as the competition between miners reduces. The Universal hashing power towards the Bitcoin network is somewhat constant.
Litecoin Breaks the Resistance at $73 but Fails to Rally above $80
About 48 hours ago, Litecoin broke the price at $73 and reached a high of $78. The bulls could not maintain the upward move as the price has fallen to the low of $72. Buyers ought to have reached the high of $80 as the $73 price level was broken. However, the lack of buying power hampered the upward movement.
Blockchain Technology to Transform the Renewable Energy Sector in Korea
There is a blockchain-based project in Korea that combines distributed ledger technology (DLT) and renewable energy. This project is potentially able to solve problems and issues of the modern renewable energy industry.
Ripple Bounces, Attempts to Push over $0.23 and Move to $0.25
XRP is bouncing at the $0.21 low, after a disappointing fall from $0.25 on January 19. Buyers have steadily moved the price to $0.23. In the same vein, if the bulls pick up the same momentum and push the price over $0.23, a rally above $0.25 is probable. Aggressive buyers can extend the momentum to $0.31.
Ripple Rallies but Lacks Buying Power at Higher Price Level
Relatively, Ripple has been stable above $0.23 since January 14. However, its further appreciation to the high of $0.25 was quite encouraging in the last 48 hours. Surprisingly, Ripple crashed to the $0.23 support level. The bulls could not sustain the price at the upper price level because of selling pressure. There seems to be more sellers than buyers at the upper price level.
Ripple Fluctuates but Unable to Reach Target Price of $0.23
Ripple has repeatedly continued to fluctuate between $0.21 and $0.2250. The price movement has remained constant within the current price range because of the XRP's lack of buyers at a higher price level. This lack of buyers is a major constraint for Ripple. The price movement will not perform any magic until more buyers are introduced into the market.
Bitcoin Remains Secure Regardless of IBM’s Quantum Computing Boost
International Business Machines (IBM), an American multinational information technology firm, has managed to double the power of its quantum computer (QC) but this effort didn’t break the encryption of Bitcoin (BTC), the original blockchain-based cryptocurrency.
