Trading
Mar 13, 2020 at 14:25
Bitcoin Cash Faces Selling Pressure as Bulls Fail to Push Price above $340 Resistance
The bulls made positive moves but could not sustain the price above the $340 resistance. This attracted aggressive selling as the price fell to the low above $260 on March 9.
Mar 13, 2020 at 12:20
China Adds $4.7M to Realise Blockchain Dreams
The Chinese government has poured an extra $4.7 m into the Peoples Bank of China’s ambitious Blockchain project.The Government released the money to the Central Bank to allow the Bank to complete its forthcoming blockchain-based trading and finance program, which is being established directly by the PBoC.
Mar 13, 2020 at 11:12
Homeland Security Agents Lure LocalBitcoin Trader Into Arrest for Money Laundering
Washington DC resident Kenneth Warren Rhule is facing charges of money laundering for trading more than $140,000 on Local Bitcoin. The 26-year-old got into Homeland security agents’ radar and was tricked to exchange his cryptocurrency into cash in the hands of undercover Homeland security agents.
Bitcoin Struggles to Touch $8000, Will the Community Lose Hope in Crypto?
The entire cryptocurrency market is continuing to register massive losses. It is not even a month ago when Bitcoin was trading more than $1,450 (on Feb 13), but look at it now crawling in a price range of $7,600 - $7,900. That means that BTC alone has managed to decline by over $6,100 (declined almost by a half). And it brings more worry and loss of hope among the cryptocurrency community.
Bitcoin Continues to Range, a Possible Breakout Likely
Today, Bitcoin is now trading and consolidating above $7,800 after a disappointing fall from the $9,200 resistance. The bulls have earlier attempted to breach the resistance at $9,200 before they were repelled. Now from the current support, will BTC continue its downward move? Yes, based on the previous price action. Nevertheless, at this moment, it is unlikely because BTC is already in the oversold region of the market.
Indian Supreme Court Nullifies Cryptocurrency Ban
Recently, the Supreme Court of India nullified the decision by the Reserve Bank of India (RBI) putting a total ban on all virtual currency related dealings, according to reliable news outlet MENAFN.
Litecoin Pushes above $62, Targets $80 Resistance
Litecoin has taken positive moves to reach a high of $62. It’s downward move from a high of $84 to a $56 low has ended. At the low of $56, the market slumped into the oversold region. In other words, selling pressure has been exhausted.
Ethereum Turns Down From $238 Resistance, Expects the Emergence of Buyers
Ethereum’s upward move has been hampered and price consolidation has continued unabated. Ether is in solitary confinement in the oversold region of the market. Earlier on the pair has dropped to the low of $220 since February 29 and became oversold. By default, selling pressure has been exhausted, while price consolidation has continued.
Ethereum Starts Uptrend Move, Uncertain About the Resistance at $238
Ethereum has remained stable since the last bearish impulse on February 26. Ethereum has been consolidating over the current support at $220. There were doubts about whether the current support will hold or not. Ether has fallen into the oversold region. This means that selling has been overdone. This will also suggest that buyers will be on hand to push Ether upward.
