Category : Analysis

Analysis Bitcoin Crypto South Korea

South Koreans Getting Back into Crypto as Fiat Trading Rises

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The conducive developments in South Korean crypto space have boosted fiat influx into the market, reveals this month’s data. eToro eanalyst Mati Greenspan pitted Korean Won against the most volumed bitcoin-quoted assets, including the US Dollar, Euro, the Pound and also Tether. The comparison revealed a dramatic surge in the BTC/KRW trading volume compared to other instruments that remained mostly stable throughout
Analysis Ripple Technical xrp

Ripple Price Analysis: XRP/USD Turns Bullish Above $0.4540

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Key Highlights Ripple price traded higher recently and broke the $0.4540 resistance against the US dollar. There was a break above a major contracting triangle with resistance at $0.4560 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently trading in a bullish zone above the $0.4540 and $0.4550 support levels. Ripple price gained
Analysis Bitcoin btc Technical

Bitcoin Price Weekly Analysis: BTC/USD Remains Supported Near $6,380

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Key Points Bitcoin price is holding the $6,380 and $6,350 support levels against the US Dollar. There is a major contracting triangle forming with resistance at $6,420 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair needs to surpass the $6,420 and $6,460 resistance levels to gain momentum. Bitcoin price is holding the key $6,350
Analysis ETH Ethereum Technical

Ethereum Price Weekly Analysis: ETH/USD Facing Significant Hurdle

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Key Highlights ETH price stayed above the $196-197 support area with positive moves against the US Dollar. There is a monster breakout pattern formed with resistance at $204 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair must break the $204 and $208 resistance levels to climb higher in the near term. Ethereum price is preparing for
Analysis BCH Bitcoin Cash Technical

Bitcoin Cash Price Weekly Analysis: BCH/USD Could Move Higher Within Range

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Key Points Bitcoin cash price remained under pressure below the $450 and $460 resistances against the US Dollar. There is a major bearish trend line in place with resistance at $436 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair could rise in the short term towards the $450 or $460 resistance levels. Bitcoin cash
Analysis Bitcoin Industry

Bitcoin is Still in the Middle of a Bear Market

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An inverse monetary velocity pattern indicates that bitcoin bulls are wrong about the market’s next bull run. Willi Woo, a prominent cryptocurrency market analyst, pitted the digital currency network value (or market cap) against the daily US Dollar volume transmitted through the blockchain. A proportion between the two equated into Bitcoin Network-to-Value (Bitcoin NV) Ratio, similar to P/E ratio used