Bitcoin’s MACD Prints Strongest Bull Signal In Over a Year

The moving average convergence divergence (MACD) has become the latest charting indicator to signal bitcoin may soon see a trend reversal that could put an end to its months-long price decline. As reported, the money flow index (MFI), an indicator used to identify buy and sell pressure, created a divergence Sunday widely considered to be an early sign of a bearish-to-bullish trend change, while last week, bitcoin saw a bearish crossover of its 50- and 100-week moving averages, a first since 2015. As such, the MACD became the latest in…

Weekly MACD Histogram Most Bullish It’s Been Since Bitcoin Price Was Over $13K

The moving average convergence divergence (MACD) is a lagging indicator many analysts use to track longer-term trend changes in assets across a variety of markets. In Bitcoin, the histogram of this key indicator had been bearish throughout most of 2018 and into 2019, and only recently just rose into bullish territory during last week’s rally where Bitcoin price topped out at $4,200. Although the rally has run out of steam and since retraced, bullish momentum may not be gone completely, as the weekly MACD histogram has now reached its highest…

Opportunity for Litecoin (LTC), Kroger Bans Visa Citing High Fees

Litecoin (LTC) trading above $35, bullish Can Kroger accept cheap LTC after banning Visa credit cards due to high fees Participation levels low days after prices rocketed from $20. If by any chance Kroger accepts Litecoin after banning credit card fees due to high fees, Litecoin (LTC) will surge. The coin is up to fifth and 4.6 percent from last week’s close as bulls cement their position shaking off sellers. Litecoin Price Analysis Fundamentals From inception, Litecoin founders were very specific. With all the pomp of a censorship resistance and…

Time for Ripple (XRP) Bulls, Support Found at 30 Cents—Again!

Ripple (XRP) consolidates but bulls in control CoinBase support very bullish—price and regulatory wise Transaction levels dip as prices drop Until after Ripple (XRP) prices rally above 34 cents, we shall maintain a neutral but bullish outlook. Confidence is because of recent CoinBase addition, increasing adoption levels and a possible recovery of Bitcoin. Ripple Price Analysis Fundamentals Crypto is all about relevancy and of the many, XRP is a standout. The coin is the third most liquid, high supply digital asset of the XRP Ledger. While there is contention whether…

Is Bitcoin (BTC) Sliding in Response to QuadrigaCX Disappointment?

Bitcoin prices down 2.2 percent Five of the six QuadrigaCX cold wallets are empty Transactional volumes drop, demand could see participation pick up to above 37k Even with Bitcoin (BTC) liquidation, bulls have the upper hand as long as prices are trending above Feb 18 low. In that case, risk-off traders may search for entries in lower time frames and take advantage of positive fundamentals. Bitcoin Price Analysis Fundamentals There is another burden that controls tags along—that of securing private keys. In centralized exchanges, wallets can be compromised—many have lost…

Dow Futures Jump on Trade War Deja Vu, Bitcoin Price Crashes to $3,670

The US stock market is primed to jump higher on Monday after increased optimism over the state of the US-China trade negotiations caused Dow futures to leap nearly 100 points. The bitcoin price, however, continues to bleed lower in the wake of its failed attempt to clear a key resistance level. Dow Futures Climb Nearly 100 Points after Snapping Winning Streak As of 8:47 am ET, Dow Jones Industrial Average futures had bounced by 94 points or 0.36 percent, implying a rise of around 100 points at the opening bell.…

A New Exchange Launches, Letting Institutions Custody Their Own Crypto

A new crypto exchange for institutional investors is launching this month with an unusual approach to custody. LGO Markets, based in New Jersey, officially launched Monday with limited functionality, allowing new users to set up and fund their accounts. However, spot trading in bitcoin will start on March 11. According to CEO Hugo Renaudin, the company has secured 10 institutional clients already – mostly over-the-counter (OTC) trading desks, plus several hedge funds, crypto businesses and market makers. Another 56 clients are in the process of onboarding, he said. The firm…

Bitcoin Price Drop Puts a Dent in Short-Term Bullish Outlook

View Bitcoin’s drop to six-day lows below $3,700 has taken the shine off the bullish “long-tailed doji” created on Feb. 27. A bearish reversal would be confirmed if prices see a UTC close below $3,658 (low of long-tailed doji) and could yield a sell-off to recent lows near $3,300. A bearish move below $3,658, however, may not happen or could be short-lived, as a number of technical indicators on the weekly chart are flashing early signs of bullish reversal. On the higher side, a break above $3,897 – high of…

Crypto Finance Startup Circle Seeking Further $250 Million in Funding: Report

Crypto finance startup Circle Internet Financial is reportedly looking to raise a further $250 million in funding. A report from The Information on Saturday, citing a source with knowledge of the matter, said that Circle is seeking to raise the funding via a combination of equity and debt financing. They added that the reason for the move is that the firm’s business has been affected by the prolonged cryptocurrency bear market. Circle has not confirmed the source’s claim, The Information said. The Goldman Sachs-backed firm has previously raised at least $246 million, according…

Bitcoin Price Watch: BTC Could Retest $3,600 Before Buyers Reappear

Bitcoin price failed on many occasions to break the key $3,860 resistance level against the US Dollar. The price started a downward move and broke the $3,800 and $3,760 support levels. There was a break below a declining channel with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is trading in a bearish zone and it could decline further below $3,700 and $3,680. Bitcoin price failed to climb above key resistances and declined against the US Dollar. BTC is likely to…