Archive | virtual currency

Bitcoin Cash Price Technical Analysis – BCH/USD To Make Next Move

Key Points Bitcoin cash price is trading above the $1,500 support and is preparing for the next move against the US Dollar. There is a short-term contracting triangle forming with resistance at $1,540 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is likely to break the triangle resistance at $1,540 and […]

Bitcoin Cash Price Technical Analysis – BCH/USD Breaks Short-term Support

Key Points Bitcoin cash price after a nice upside move found sellers near the $1,600 level against the US Dollar. There was a break below a short-term bullish trend line with support at $1,520 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is currently holding the $1,400 support, but it may […]

Bitcoin Price Weekly Analysis – BTC/USD Eyeing Further Gains

Key Points Bitcoin price made a nice upside move and traded above $9,000 and $10,000 against the US Dollar. There is a major ascending channel forming with current support at $10,150 on the 4-hours chart of the BTC/USD pair (data feed from SimpleFX). The pair may continue to rise and the next major resistances are […]

Bitcoin Cash Price Weekly Analysis – Can BCH/USD Continue Higher?

Key Points Bitcoin cash price gained heavily this past week and moved above $1,400 against the US Dollar. There is a crucial bullish trend line forming with support at $1,480 on the 4-hours chart of the BCH/USD pair (data feed from SimpleFX). The pair may decline a few points in the short term, but it […]

Bitcoin Cash Price Technical Analysis – BCH/USD Zooms Above $1,400

Key Points Bitcoin cash price surged higher and it was able to break the $1,400 resistance against the US Dollar. There is a major bullish trend line forming with support at $1,350 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is currently correcting lower, but it remains well supported on the […]

Coincheck Produces Recovery Plan While Investors Flock to Withdraw Funds

Japanese cryptocurrency exchange Coincheck has submitted a report to the country’s financial authority outlining measures it will take following the hack that lost 58 billion yen worth of the cryptocurrency NEM from its platform. However, customers rush to withdraw 40.1 billion yen of their funds so far as the exchange resumes yen withdrawal service. Also […]

Bitcoin Cash Price Technical Analysis – BCH/USD’s Short-term Downside

Key Points Bitcoin cash price is still consolidating in a range above the $1,150 support level against the US Dollar. There was a break below a short-term contracting triangle with support at $1,245 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair may decline toward the $1,150 support, which holds the key […]

Bitcoin Cash Price Technical Analysis – BCH/USD Consolidating above $1,150

Key Points Bitcoin cash price is trading inside a range, but it is holding the $1,150 support area against the US Dollar. There is a short-term connecting bearish trend line forming with resistance at $1,240 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair has to move above the $1,250 and $1,350 […]

New Crypto Exchanges Launch in South Korea Despite Lack of Fiat Deposits

A number of new cryptocurrency exchanges are launching in South Korea despite being unable to provide full service due to regulatory challenges. Since the Korean government enforced the real-name system on cryptocurrency accounts, banks have only been providing fiat deposit services to the country’s four largest crypto exchanges. Also read: Japan’s DMM Bitcoin Exchange Opens for […]

Bitcoin Cash Price Weekly Analysis – BCH/USD Facing Crucial Resistance

Key Points Bitcoin cash price made a nice upside move this past week and traded above $1,100 against the US Dollar. At the moment, the BCH/USD pair is attempting to settle below a major bullish trend line with support at $1,200 on the 4-hours chart (data feed from SimpleFX). The pair may correct lower in […]

Bitcoin Cash Price Technical Analysis – BCH/USD Rallies Past Key Resistance

Key Points Bitcoin cash price rallied recently and moved above the $1,000 and $1,200 resistances against the US Dollar. Yesterday’s highlighted major connecting bearish trend line with resistance at $990 was broken on the hourly chart of BCH/USD (data feed from SimpleFX). The pair traded above the $1,300 level before starting a downside correction. Bitcoin […]

Bitcoin Cash Price Technical Analysis – BCH/USD Recovers Above $900

Key Points Bitcoin cash price declined as low as $748 and is currently recovering against the US Dollar. There was a break above a bearish trend line with resistance at $890 on the hourly chart of BCH/USD (data feed from SimpleFX). There is another bearish trend line on the upside with resistance at $1060 on […]

Bitcoin Cash Price Technical Analysis – BCH/USD is Back to Square One

Key Points Bitcoin cash price failed to move above the $1,300 level and started a downside move against the US Dollar. There is a crucial bearish trend line forming with resistance at $1,220 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is currently heading towards the $1,050 support area and it […]

Japan’s Leading Low-Cost Airline Details Plan to Accept Bitcoin

Japan’s leading low-cost airline, Peach Aviation, has been working to implement a bitcoin payment system. Recently, there were reports that the company may be rethinking its bitcoin strategy following the recent hack of a major Japanese cryptocurrency exchange. Peach Aviation and its bitcoin exchange partner have clarified their position. Also read: Japan’s DMM Bitcoin Exchange Opens for […]

Bitcoin Price Weekly Analysis – BTC/USD Recovery to Fade Soon?

Key Points Bitcoin price declined sharply this past week and traded towards $7,500 against the US Dollar. There was a break below a crucial bullish trend line with support at $10,800 on the 4-hours chart of the BTC/USD pair (data feed from SimpleFX). The pair traded as low as $7,599 and it is currently correcting […]