+ 0.00
+ 0%
+ 0.00
+ 0%
+ 0.00
+ 0%
+ 0.00
+ 0%
+ 0.00
+ 0%

Bitcoin, Ripple & Tezos - American Wrap

May 14, 2020 4:59 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Bitcoin, Ripple & Tezos - American Wrap

Bitcoin Price Analysis: BTC/USD may retest $10,000 during US hours  – Confluence Detector

Bitcoin price has gained over 6% on a day-to-day basis and 4% since the start of Thursday. The first digital coin hit the intraday high of $9,944 and retreated t0 $9,720 by the time of writing. The further recovery is capped psychological $10,000, which is still a hard nut to crack for Bitcoin bulls. This barrier prevents BTC from moving towards $10 500. Once it is cleared, the recovery may start snowballing.

While the short-term momentum remains bullish, the RSI on the intraday charts has shown signs of reversal, which means, the coin may stay range-bound in the nearest future. 


XRP/USD: Ripple is in good shape to replace Swift – Chris Larsen

Ripple’s XRP is in good shape to replace Swift as an international payment network, according to the Ripple founder Chris Larsen. Speaking in the interview on the Block Stars podcast, he said that banks were unlikely to use Bitcoin’s proof-of-work system for validating transactions. To prove the point, he underlined that banks may be wary of the risks of 51% attack, in which a miner or a group of miners can gain control over more than 50% of the network hash rate and manipulate the entries in the ledger.


Tezos Price Analysis: XTZ is showing bearish technical signals and could break 2.50 again

Tezos has had better days and today XTZ has broken some key technical levels. The price has now made a lower high wave on the 4-hour chart below and the support zone of 2.61 has also been taken out and subsequently used as resistance. 

The Fibonacci extension target at the 161.8% area has been hit perfectly and now the price has retraced back to the aforementioned resistance zone. Moving forward if this is to be the 3rd wave in the Elliott Wave series then a break of 2.23 is on the cards.


Related Articles

Will Elon Musk's NFL Appearance Just Be A 90-Minute 'Infomercial' For Dogecoin?

Will Tesla Inc (NASDAQ: TSLA) CEO Elon Musk's “Saturday Night Live” episode turn out to be a 90-minute infomercial for Dogecoin (DOGE)? So wonders actor and comedian David Spade. read more

As Dogecoin Rally Mutes, 'Cheaper' Ethereum, Bitcoin Look-Alikes Stike Massive Gains

Dogecoin (DOGE) traded nearly 17% lower on Thursday night at press time as the cryptocurrency took a breather from its recent upwards march, but Ethereum Classic (ETC) and Bitcoin Diamond (BCD) charted a different course. read more

Over 1100% Surge In Bitcoin Revenue Drives Square's Q1 Earnings Beat: What You Need To Know

Square Inc’s (NASDAQ: SQ) Cash App generated 11 times more revenue from Bitcoin (BTC) in the first quarter of 2021 compared with a similar period last year. read more

How To Buy Bitcoin In India: 5 Tips To Follow

Here are 5 questions we think you ought to have the answers to before you actually start investing in Bitcoin (CRYPTO:BTC) in India: 1. What is the ceiling function of the budget you have in mind? Presently, the estimated value of a single bitcoin is around 43 Lakh Rupees as of early May 2021. read more