Cardano Creator Sets $100K Price Target for Bitcoin

Charles Hoskinson remains ultra bullish on bitcoin. FUD takes over the cryptocurrency markets. Now might be a good time for long term BTC acquirers. Despite a recent bout of fear, uncertainty, and doubt within the cryptocurrency community, Charles Hoskinson – the creator of Cardano – has set a bullish $100,000 price target for BTC. Bitcoin is dying, or so it would appear if you lurk around any corner of Crypto Twitter. This dour sentiment is somewhat understandable given the current price performance of BTC. In the space of a month,…

Bitcoin Price Due For a Bounce According to ‘Nokia Curse’

It’s not uncommon for technical crypto analysts to compare Bitcoin price charts with that of other assets hoping to draw some comparisons that an actionable strategy can be derived from. The leading crypto asset by market cap has been closely following the price action of early Nokia stocks, and if Bitcoin continues to follow the pattern closely, a bounce is due in the near term. Bitcoin Price Ready to Bounce If Nokia Curse Fractal Is Followed In recent weeks, analysts trying to find meaningful comparisons to Bitcoin price charts have…

Bitcoin Price Gains Prove These Critics Were Dead Wrong

Bitcoin’s price gains have put critics’ predictions to shame. Schiff, Roubini, and Kruger have all been proven wrong, and how. Growing institutional investing and other utilities could lead to more price gains in the future. Bitcoin has shaken the establishment over the years as those who couldn’t understand the cryptocurrency have outright rejected it as a pump-and-dump scheme or as a fraud. However, bitcoin’s price gains have clearly proven those critics wrong. This is exactly what Twitter user Rhytmtrader pointed out recently. The price change since they criticized bitcoin: Peter…

Ripple (XRP) Price Trend Overwhelmingly Negative, Bitcoin Dives To $7.5K

Ripple price is down 5% and it broke the key $0.2420 support area against the US dollar. The price tagged the $0.2350 support area and it is currently correcting higher. There is a new bearish trend line forming with resistance near $0.2450 on the hourly chart of the XRP/USD pair (data source from Kraken). The price remains at a risk of more losses as long as it is below $0.2580. Ripple price is now trading below key supports against the US Dollar and bitcoin. XRP price might continue to face…

Gold Price Heads for Third Day of Losses: 2 Reasons Why

The price of gold is under pressure for a third consecutive day. Markets remain on edge in anticipation of fresh U.S.-China trade talks. Economic data could influence investors’ outlook on monetary policy following neutral Fed minutes on Wednesday. The price of gold edged lower on Thursday, extending its losing streak to three days as investors awaited clarity on the U.S.-China trade front. While gold has failed to attract strong bids this week, it’s trading well off recent lows and remains well supported above $1,460 an ounce. Two factors will drive…

Bitcoin Price Plunges to $7,400 & Legendary Trader Boasts It’s ‘Dying’

The bitcoin price crashed through another vital support level on Thursday. BTC has now plunged nearly 50% from its mid-year zenith. A legendary bitcoin trader says that this time, it’s “dying” for good. The bitcoin price crashed through another vital support level on Thursday, hastening a decline that has seen the leading cryptocurrency fall nearly 50% from its yearly high. Bitcoin has recovered from these punishing reversals before, but one legendary trader predicts that this time will be different. Bitcoin Price Dives to 4-Week Low The bitcoin price slid to…

Bitcoin (BTC) Price Diving, Gates To $7,400 Now Wide Open

Bitcoin price is diving and it recently broke the $8,000 support area against the US Dollar. The price is under a lot of pressure and recently traded to a new monthly low at $7,828. Morning’s bearish flag pattern was breached with support near $8,080 on the hourly chart of the BTC/USD pair (data feed from Kraken). The next key target for the bears could be $7,400 (as discussed in the recent medium term outlook). Bitcoin price is gaining bearish momentum below $8,000 against the US Dollar. More importantly, there is…