The BTC/USD pair has largely stayed above the breakout level of $4,914.
11 levels again during the next fall, it will indicate buying at lower levels and the pair might remain range bound for a few more weeks.
The BSV/USD pair had been trading inside a range of $102.580 and $58.072 for the past few weeks.
Currently, the bulls are attempting to rebound from the psychological support of $50. If the bulls carry the price back into the range, we can expect the pair to consolidate between $58.072 and $102.580 for the next few weeks.
The ETH/USD pair has slipped back below the breakout level of $167.32, which is a negative sign.
If the pair rebounds off the support at $144.78, the bulls will again try to scale above $167.32.
The BNB/USD pair came within a whisker of breaking out to new highs but failed to do so.
The pair is facing selling at the resistance line of the wedge pattern.
If the pair stays above the uptrend line of the wedge, it might enter into a consolidation for a couple of weeks, after which we expect another attempt by the bulls to make a new high.
Our bullish view will be invalidated if the bears sink the pair below the uptrend line of the wedge.
Top 5 Crypto Performers: BTC, XEM, BSV, ETH, BNB
Published on Apr 28, 2019
by Cointele | Published on Coinage
New York AG Finds It 'Perverse' For Bitfinex and Tether to Criticize Investigation
In a filing with the New York State Supreme Court's Appellate Division, New York Attorney General Letitia James roundly criticized the efforts of Bitfinex and Tether to halt her office's investigation into the companies.
Blockchain Pilot Makes Waves in Russia's Energy Sector
Earlier this week, Russian tech startup Waves announced it has been testing a blockchain solution for payments in the retail electricity sector.
Bitcoin longs hit record high on Bitfinex, long squeeze incoming?
The number of Bitcoin long contracts on margin trading platform Bitfinex has exploded in December to reach the highest level in years, far exceeding the levels of BTC's late 2017 bull market.
Highest in 2 Years: 65% of Bitcoin Hash Power Is in China, Report Finds
Skeptics like economist Nouriel Roubin often claim there is a massive centralization of power among miners and the blockchain is not even close to decentralization and democracy.