The past weekend was positive for cryptocurrencies. Today, most of the digital assets are well in the green, with Bitcoin Cash (+7%),  Monero (+8%), Dash(+9.4%), and DogeCoin (+16%) being the best performers. Whereas, Atom drops 6 percent. Among the Ethereum coins, CEL(+5.5$),  MOF (+13.7%), and QTN (+18.89%) are moving with strength, though, among this bullishness, SNX drops a significative 6.14%.

Chart

With the last push up, the market cap of the sector went above the $202 billion (+2.7%), with a traded volume in the previous 24H of $26 billion (+18.71%). Finally, Bitcoin dominance is currently 67.81%.

Chart

 

Hot News

China's central bank, the People's Bank of China, announces that its digital currency is "progressing smoothly." This statement was given during its annual work conference held last week in Beijing.

According to news outlet ambcrypto.com, the Qatar Financial Centre Regulatory Authority has forbidden cryptocurrency trading and "anything of value that acts as a substitute for currency, that can be digitally traded or transferred and can be used for payment or investment purposes."

Former Barclays executive, Mark Hipperson. has revealed plans for the first Regulated UK's crypto bank in 2020. The new bank, called Ziglu, would allow its customers to spend their digital assets using a MasterCard debit card with instant crypto-to-fiat conversion.

 

Technical Analysis - Bitcoin

Bitcoin 

Bitcoin 4H Chart

Bitcoin has continued its upward move this weekend, and now it seems the price broke above the $7525 resistance level, which also meant it broke the descending trendline, which was guiding the persistent bearish action during the second half of 2019. A break of the $7,680 resistance level would confirm a higher high. What is evident is that the bullish leg still has room to go, as the price moves guided by the +1SD line of a Bollinger Band, which is pointing upwards, and the MACD is in the positive territory and still not in the oversold region.

SUPPORT

PIVOT POINT

RESISTANCE

7,300

 

7,400

7,525

7,200

7,590

7,125

7,680

 

Ripple

Ripple

Ripple 4H Chart

Ripple is following the general market trend and has moved with strength. Its last candle has pierced through the $0.20 level with decision. Thus, it seems that the range made by this asset since Dec 18, 2019, has been broken. The potential targets for this movement are 0.214 and 0.22.

SUPPORT

PIVOT POINT

RESISTANCE

0.1920

 

0.1950

0.2000

0.1900

0.2650

0.1860

0.2140

 

Ethereum

Ethereum 

Ethereum 4H chart

Ethereum's move up is provisionally halted by its $140.8 resistance. The price keeps moving above its +1SD line, and the MACD is also bullish. It is likely the price makes a consolidation figure before proceed to gain new levels. The next targets are $144 and $150-152.

SUPPORT

PIVOT POINT

RESISTANCE

132.00

 

135.00

140.80

128.60

144.00

125.70

148.00

 

Litecoin

litecoin

Litecoin 4H Chart

Litecoin has been breaking resistance levels and now is testing the $45 level, and making a new higher high. MACD is moving up and in positive territory, but Its price has moved beyond the +1SD line, so it is a bit overextended. It seems it will need a period of consolidation before moving further up. Its next target is $45.5.

SUPPORT

PIVOT POINT

RESISTANCE

42.25

 

43.30

45.00

41.00

46.60

40.00

49.00

Risk Warning: CFD and Spot Forex trading both come with a high degree of risk. You must be prepared to sustain a total loss of any funds deposited with us, as well as any additional losses, charges, or other costs we incur in recovering any payment from you. Given the possibility of losing more than your entire investment, speculation in certain investments should only be conducted with risk capital funds that if lost will not significantly affect your personal or institution’s financial well-being. Before deciding to trade the products offered by us, you should carefully consider your objectives, financial situation, needs and level of experience. You should also be aware of all the risks associated with trading on margin.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Price Forecast: BTC whales plotting a bullish attack

Bitcoin (BTC) is changing hands at $10,750, mostly unchanged since the start of the day. The cryptocurrency attempted a recovery to $11,000 on Monday but was thrown back inside the range by aggressive short-term sellers.

More Bitcoin News

Top 3 Gainers: OMG, SXP, and STORJ explode 70% and are eying up more gains

The entire cryptocurrency market is bouncing back up, strongly gaining more than $28 billion in market capitalization over the past week. Some of the biggest gainers include OMG, SXP, and STORJ. 

More Cryptocurrencies News

LINK goes through consolidation, preps for a breakout

LINK broke above the downward trending line this Thursday and is currently trending horizontally between the $10 support line and the SMA 20 curve.

More ChainLink news

Bitcoin's mass adoption passes the point of no return

Bitcoin was created in response to the Financial crisis of 2008 and developed within a narrow circle of computer geeks, coders, and libertarians fixated on personal freedom, anonymity, and independence from all sorts of authorities. 

More Bitcoin News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Keep calm and HODL on until the USA elects the president

Bitcoin (BTC) partially regained the losses incurred at the beginning of the week; however, the upside momentum is still too weak to take the price out of the bearish territory and ensure a sustainable recovery. 

Read the weekly forecast

BTC

ETH

XRP