Archive | USD

Study Finds Little Correlation Between Tether Printing and Bitcoin’s Price

Over the past few months there’s been a lot of internet chatter concerning the digital currency tether (USDT) and whether or not it’s really backed by U.S. dollars. Further, there’s been skeptics, speculators, anonymous Twitter handles, and well-researched reports that claim tether printing moved the price of BTC considerably this past year. However, just recently […]

ETH/USD and ETH/BTC Technical Analysis December 4 2017

Hello and welcome to News BTC’s Market Outlook December. ETH/USD Ethereum had a very volatile session during the trading session on Friday, but eventually settled on going bullish. We broke to the $460 level, and have pulled back slightly on the hourly chart. However, I think it’s only a matter of time before we break above […]

DASH/USD and LTC/USD Technical Analysis December 4 2017

Hello and welcome to News BTC’s Market Outlook December. DASH/USD DASH went back and forth during the trading session on Friday, as we continue to bounce around, giving us an opportunity to start finding buyers underneath, perhaps reaching towards the $800 level. I believe that the $700 level underneath should be buying opportunities, as it should […]

BTC/USD and BTC/JPY Technical Analysis December 4 2017

Hello and welcome to News BTC’s Market Outlook December. BTC/USD Bitcoin rallied again during the trading session on Friday, reaching towards the $10,600 level but looks to pull back a little bit in this area. However, we have made a “higher high”, so I believe that this short-term pullback could be the next buying opportunity. Expect […]

ETH/USD and ETH/BTC Technical Analysis December 1 2017

Hello and welcome to News BTC’s Market Outlook December. ETH/USD Ethereum has fallen rather significantly against the US dollar, partially in a “knock on” move from the brutal selloff in Bitcoin. Ethereum has lost $100 in the last 24 hours, and of course that is a very significant selloff. It currently looks as if we are […]

DASH/USD and LTC/USD Technical Analysis December 1 2017

Hello and welcome to News BTC’s Market Outlook December. DASH/USD DASH continue to be volatile during the trading session on Thursday, as we are selling off rapidly. The market has lost $150 as I write this, part of it being a reaction to the bloodbath in the Bitcoin market. Crypto currencies everywhere are getting sold off […]

BTC/USD and BTC/JPY Technical Analysis December 1 2017

Hello and welcome to News BTC’s Market Outlook December. BTC/USD Over the last 24 hours, Bitcoin has been absolutely pummeled after the well-documented break above $10,000. In fact, the daily candle from the session would have been a shooting star. This of course is a very negative sign, but currently it looks as if the $9400 […]

ETH/USD and ETH/BTC Technical Analysis November 30 2017

Hello and welcome to News BTC’s Market Outlook November. ETH/USD Ethereum broke out during the trading session on Wednesday, clearing the $500 level. It now looks as if we are going to continue to find buyers in the Ethereum market on dips, and we should continue to go much higher. Given enough time, I believe that […]

DASH/USD and LTC/USD Technical Analysis November 30 2017

Hello and welcome to News BTC’s Market Outlook November. DASH/USD DASH continues to extend gains, reaching as high as $770 during the trading session on Wednesday. We are starting to pull back though, as we crossed in the overbought part of the stochastic oscillator. However, it’s very likely that any type of pullback in this market […]

BTC/USD and BTC/JPY Technical Analysis November 30 2017

Hello and welcome to News BTC’s Market Outlook November. BTC/USD Bitcoin rallied again against the US dollar, as we are approaching the $11,000 level. At this point, anytime you get a pullback in the market there seems to be buyers. I would anticipate that the “floor” is probably the $10,000 handle. We are most certainly entering […]

ETH/USD and ETH/BTC Technical Analysis November 29 2017

Hello and welcome to News BTC’s Market Outlook November. ETH/USD Ethereum continues to go sideways against the US dollar, hovering above the $460 level. I think that Ethereum is essentially waiting for Bitcoin to break above the $10,000 level to feel confident enough to make a serious go at the $500 level. Pullbacks should continue to […]

DASH/USD and LTC/USD Technical Analysis November 29 2017

Hello and welcome to News BTC’s Market Outlook November. DASH/USD DASH continues to go sideways, offering the $600 level as significant support. By doing so, it looks as if it’s only a matter of time before the buyers take advantage of the base that we have been building, and go higher. A break above the $650 […]

BTC/USD and BTC/JPY Technical Analysis November 29 2017

Hello and welcome to News BTC’s Market Outlook November. BTC/USD Bitcoin fell a bit after initially trying to rally on Tuesday, as we continue to meander around the $9800 level. I believe it is only a matter of time before the market tests the $10,000 level, and I suspect that almost everybody else in the market […]

ETH/USD and ETH/BTC Technical Analysis November 28 2017

Hello and welcome to News BTC’s Market Outlook November. ETH/USD Ethereum continues to bounce around, using the $450 level as support. We turned around to form a supportive looking candle, and I think at this point it’s only a matter of time before we reach towards the psychologically important $500 level. A break above there, […]

DASH/USD and LTC/USD Technical Analysis November 28 2017

Hello and welcome to News BTC’s Market Outlook November. DASH/USD DASH went sideways during most of the session on Monday, hanging about the $600 level. Obviously, that will offer a certain amount of psychological support, and the market could continue to find buyers on short-term dips. Ultimately though, the $550 level underneath is even more […]