Bitcoin Technical Analysis: BTC/USD bear pressure not over as it continues to struggle within the $6500-6600 area, price toying with near-term channel support to the downside

Bitcoin price dropped in early trading on Friday, as it continues to fail at breaking down $6500-6600 area. BTC/USD has within recent trading broken a near-term supporting channel pattern. $6000 mark still appears to be at threat of a test from the controlling bears.   BTC/USD 60-minute chart   Spot rate:                    6478.5 Relative change:  […]

Bitcoin price analysis: BTC/USD sits in limbo for either the bulls or bears to attack; former Goldman Sachs investment analyst believes holding altcoins is less risky than holding Bitcoin

Christopher Matta reckoned that it is much safer for an investor to hold 20 altcoins as opposed to holding only Bitcoin. BTC/USD will continue to use the 100 SMA as a support in the medium-term. Bitcoin price is trading subtle lock-step movements slightly below $6,600. The bearish trendline is preventing gains marginally above $6,600. BTC/USD […]

After Dovish Draghi, can EUR/USD recover?

The EUR/USD is rising from the abyss after Draghi and US events dragged it lower. A light calendar as a busy week reaches its end leaves room for trade concerns to simmer. The technical picture, which never fully recovered, sees bears in control. The EUR/USD is trading around 1.1600, up from the lows of 1.1543 […]

San Francisco-based Ripple to pump $2 million into Texas University blockchain research projects: Ripple price lags breakout

Ripple announced on June 4 that it is going to set aside $50 million in support of blockchain research initiatives in top institutions. XRP/USD will find support from the bullish trendline at $0.54. The Austin-based University is among the 17 top universities that will benefit from Ripple’s pledge to support blockchain research in institutions. Over […]

Bitcoin price analysis: BTC/USD is rangebound ahead of weekend; Romanian central banker lambasts it as impractical

Bitcoin bears paused before the weekend Central bankers continue criticizing cryptos.  BTC/USD is changing hands at $6,680, unchanged since the beginning of the day. The digital coin No. 1 is rangebound after strong movements earlier this week. but weekend may bring another bout of volatility.  Meanwhile, global central bankers continue criticising digital currencies. Mugur Isarescu from Romanian central […]

After the downfall, EUR/USD faces limits at 1.1650 and 1.1440

After the EUR/USD suffered the biggest fall since Donald Trump was elected President, it is looking for the next move: a recovery or further falls? The targets look clear. The Technical Confluences Indicator shows that a recovery will face a dense cluster of resistance at 1.1650 which is the convergence of the Fibonacci 23.6% one-month, the one-week low, and the Simple […]