Bitcoin Forum
October 20, 2018, 10:29:01 PM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: [2018-06-03] Bitcoin, Ethereum, Ripple... Price Analysis, July 27  (Read 15 times)
ruthbabe
Sr. Member
****
Offline Offline

Activity: 518
Merit: 266



View Profile WWW
July 28, 2018, 07:26:22 AM
 #1

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, July 27



If an asset class doesn’t fall much on adverse news but rallies on good news, it is an indication that the trend is bullish. Various reasons are attributed to Bitcoin’s most recent 40 percent rally from the lows, but the most quoted one was the possibility of a Bitcoin (BTC) exchange-traded fund (ETF) within the next few weeks.

However, in the past three days, the US Securities and Exchange Commission (SEC) postponed one proposal and shot down another.

While there are other ETF proposals pending with the SEC, the rejection of the Winklevoss twins’ Bitcoin ETF dampens sentiment. The extent of decline following this news will give us an idea whether the trend has turned positive or if the pullback from the lows was only a bear market rally.

The Bitcoin bulls are upbeat on the coin’s future prospects. Mark Yusko, CEO and chief investment officer of Morgan Creek Capital Management, has a target of $25,000 by end of this year. He believes that the rally will continue and that Bitcoin could reach $500,000 by the end of 2024.

Similarly, Alexis Ohanian, a co-founder of the social media platform Reddit and a VC firm Initialized Capital had recently reiterated his year-end target of $20,000 on Bitcoin and $1,500 on Ethereum.

While we are also bullish, we are much more conservative in our approach. We like to take it one step at a time so as to not get carried away. The aim is to maximize profits for the readers, taking the least possible amount of risk.

BTC/USD
When a strong overhead resistance level is scaled, it is usually followed by a retest of the breakout level. Bitcoin has completed a similar retest of the $7,750 line. This level had been previously acting as a strong resistance, and will now act as a strong support.


More, https://cointelegraph.com/news/bitcoin-ethereum-ripple-bitcoin-cash-eos-litecoin-cardano-stellar-iota-tron-price-analysis-july-27

1540074541
Hero Member
*
Offline Offline

Posts: 1540074541

View Profile Personal Message (Offline)

Ignore
1540074541
Reply with quote  #2

1540074541
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1540074541
Hero Member
*
Offline Offline

Posts: 1540074541

View Profile Personal Message (Offline)

Ignore
1540074541
Reply with quote  #2

1540074541
Report to moderator
InvoKing
Legendary
*
Offline Offline

Activity: 1190
Merit: 1054


★Bitvest.io★ Play Plinko or Invest!


View Profile
July 28, 2018, 06:26:59 PM
 #2

First fix the title's date.
Second, move this topic to the bitcoin discussion or the economic section since it isn't really a news, it is a price analysis...



.
.BITVEST DICE.
HAS BEEN RELEASED!


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████

▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░████
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████

██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░

██░▄▄▄▄░████▄▄██▄░░░░
████████████▀▀▀▀▀▀▀██
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄

██░████████░███████░█
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████

▀████████████████████▀




Rainbot
Daily Quests
Faucet
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!