#Price Analysis

ETH-USD Looks to Resume Downward Move After Friday’s Bounce

July 11, 2016 by Jamie Holmes at Ethereum, News, Price Analysis

A daily close below minor resistance at $10.7105 today should see ETH-USD extend further to the downside over the long-term. This is also supported by volume indicators showing increased selling interest today across major exchanges. The short-term outlook also looks bearish with a resistance zone around $11.00 which could provide...

The Halving: What Bitcoin’s Block Reward Milestone Means

July 9, 2016 by Jamie Holmes at Bitcoin, Commentary, News, Price Analysis

Today the 420,000th block of bitcoin’s blockchain was mined, bringing about the first reduction in the mining reward since 2012. Computer processing power around the world combines to secure bitcoin’s network and verify transactions; the reward they get for mining a single block is now 12.5 bitcoin, falling from 25.0....

Bitcoin Trading at a Discount on Venezuelan Exchange, Dragging BTC-USD Lower

July 7, 2016 by Jamie Holmes at News, Price Analysis

Bitcoin has entered into panic sell mode as news comes out of Venezuela that the virtual currency is trading at a very significant discount. It seems to be a desperate attempt to liquidate positions or it could be due to disruption of the SurBitcoin operations by authorities. The short-term outlook...

BTC-USD Rejected at $680; Awaiting Market’s Decision on Direction

July 5, 2016 by Jamie Holmes at Bitcoin, News, Price Analysis

BTC-USD has been rejected twice at the $680, seeing strong selling interest over the past couple of days. On the BitStamp exchange, BTC-USD is currently trading at $670.00, down 1.52 percent on the day’s open. While over the long-term daily timeframe, the market looks to be calm and indecisive on...

ETH-USD Breaks Below Support Zone, Forecasting Long-Term Dive

July 5, 2016 by Jamie Holmes at Ethereum, News, Price Analysis

A long-term downtrend for ETH-USD looks to have been confirmed by almost all of the Ichimoku indicators today, as the price moves below the cloud’s zone. The red cloud has started moving down as well as the base (dark-red) and conversion (blue) lines, illustrated by the chart below. After previously...

Sellers Dominate ETH-USD Trading as Uncertainty Lingers

July 1, 2016 by Jamie Holmes at News, Price Analysis

ETH-USD is currently down over 3 percent on the Kraken exchange, trading at $12.04536 at the time of writing. Even though a ‘hard-fork’ has been proposed to address the attack on The DAO, uncertainty over the outcome of this solution has plagued the market and seen sellers dominate. Exchanges will hold...

ETH-USD Gains as Ethereum Community Looks to Implement Hard Fork

June 29, 2016 by Jamie Holmes at Ethereum, News, Price Analysis

ETH-USD has gained almost 4 percent so far today on the news that the Ethereum community could implement a hard-fork solution soon to mitigate The DAO attack. The price is currently trading at $12.60 on the Kraken exchange, up 3.94 percent on today’s open. ETH-USD had slumped as low as...

BTC-USD Retreats as Investors Switch to Risk-on Mode

June 28, 2016 by Jamie Holmes at Bitcoin, News, Price Analysis

After two days of mayhem in the markets, investors have switched on to risk-on mode, with buying interest finally emerging in stock markets. Japan’s Nikkei, the UK’s FTSE and Germany’s DAX indices are all up by over 1% so far today while BTC-USD is down almost 3%. The digital currency...

graph showing red background and falling bars and bitcoin sign, bitcoin price is falling/fallen by large percentage

Panic Sends BTC-USD Below $600; Strong Support Seen at $540

June 23, 2016 by Jamie Holmes at News, Price Analysis

Following the high-profile DAO attack, markets have moved into panic mode with BTC-USD breaking below $725, the critical support level highlighted in our price analyses last week. Buyers were only able to extend to highs around $778 before momentum switched as investors began to question the extent of the influence...

ETH-USD Down Over 5 Percent Today; Looking to Test $11

June 23, 2016 by Jamie Holmes at News, Price Analysis

ETH-USD markets, which generally have a negative correlation with BTC-USD, have recently started to trade with a positive correlation. On the Kraken exchange, the virtual currency is down 5.87 percent against the U.S. Dollar on today’s open, currently trading at $12.60350. The market looks to be making another test of...

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