BlogsFeatured newsNews January 23, 2018 By Globalcoin 4661Views 4Comments Spread the loveIn the sea of different cryptocurrencies, we are always looking for those coins we could consider to be promising, both by progress in price and by functionality. And, what is a better way of finding the right coins to invest in than analyzing coins individually? That is why we are going through all facts and features related to Dent coin to try and conclude whether this coin is worthy of attention or not (so much). Everything you need to know about Dent Dent coin was launched by a company, and not an individual. The companys name is DENT Wireless Limited. The purpose of creating DENT was the idea of repurposing data, and the way data is being stored, shared, paid for and sold. Dent is focused on becoming the first mobile data cryptocurrency where Dent developers are hoping to transfer coin operations to mobile usage, that way disrupting the by far known system of the global telecommunications industry, aiming at revolutionizing the way people are exchanging data. The idea is to monetize data and even change the way data is being shared or donated. All operations regarding Dent are done within Ethereum blockchain nodes, which immediately gives the green light for Dent being accepted by a larger network. Ethereum already has a couple of external currencies enabled to operate within the Ethereum network besides from its official currency ETH. We presume that each accepted currency in the form of different tokens with different purposes and ideas are chosen carefully by the Ethereum developers, which gives us an incentive that Dent might represent a coin worthy of holders and investors attention in general. Dent uses Ethereum for exchanging, selling and even donating data and what is revolutionary about this digital asset is the fact that Dent is seeking to transfer all operations to mobile devices so that the users would be able to make transactions and manipulate data by using mobile devices. So, we already have two vote ups for Dent one going to the enabled operations through Ethereum, the second biggest coin on the market with a solid second place on the global coin ranking list, and the second going to the way Dent is operating with data by using mobile devices. But, how well does Dent place its purpose in practice? So far, Dent was progressing slowly but steadily, establishing mobile connectivity with India and Brazil, which drew 40 million users to Dent. This seemingly small step brought a larger market cap, also bringing more DENT coins in circulation and consequently raising the price per unit that this coin has. The next venture is establishing connectivity of crypto and mobile data exchange to the United States and Mexico, which should increase the number of users from millions to billions in case the connectivity is established and the crypto-coin well accepted. If this case scenario is to happen, Dent coins price would also experience a substantial increase, making this currency more valuable on the market. Now, as far as the price concerned, Dent experienced a slight downfall in the last 24 hours, going almost -4% down with the price. The coin is currently holding the 68th spot on the global coin ranking list, which is a great success for a small token such as Dent. For now, the most realistic scenario is that this coin will reach the price of one dollar per unit in the course of the next following months based on the current pace Dent coin has. Ifeverything goes as planned for Dent; this coin willsurelygo to the moon as Doge Coin holders like to say when their favoritecoinis hitting the roof with price increases. We will be updating our subscribers as soon as we know more. For the latest on cryptocurrencies, sign up below! Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover.Please conduct your own thorough research before investing in any cryptocurrency. Image courtesy of coinmarketcap.com Spread the love

Market Cap: 24h Vol: Cryptocurrencies: 2256Markets: 19001ENGESTRUSTURDEUCHIKORITA USD TWDTZSUAHUGXUYUUZSVEFVESVNDVUVWSTZARZMWZWLCurrencies Exchanges BlogBlockfolio Trading Watchlist Currency Converter Website Widgets Buy / Sell Instantly Mining Equipment Bitcoin Blockexplorer Currencies Top Gainers Top Losers High / Low Exchanges Blog Initial Coin Offerings Events Wallets Mining Pools Currency Converter Website Widgets Buy / Sell Instantly Blockfolio Watchlist Bitcoin Blockexplorer Mining Equipment AdvertiseContact Us Login Register Market Cap24h Vol2256Cryptocurrencies19001MarketsCryptoNewsZ2019-06-23 08:25:09 The Brazil community of DENT is on 7th sky today. According to the recent tweets, it is quoted by a community of DENT, which is a popular and fastest growing blockchain project with 17.4 million users is ranked at number 6th position on the charts of Google play in Brazil. It seems that DENT has The post Dent Price Analysis: DENT Leading Towards Bulls Trend Enticing The Portfolios appeared first on CryptoNewsZ.Most Read News 2019-06-25Related News 25 Jun 201925 Jun 201925 Jun 201925 Jun 201925 Jun 201925 Jun 2019Please enable JavaScript to view the comments powered by Disqus.Get Crypto NewsletterMarket Cap24h Vol60.08%Bitcoin Share236Today News

In this article i would like to share a review on DENT ICO. It looks very interesting in all aspects. In every country for every mobile operators the valuable Asset is Average revenue Per month from users, They are earning from every user approximately $460 for life time after meeting customer acquisition cost. Because of this mobile operators gaining huge profits from mass userbase. But If we think in the view of customer, Every customer is paying money for data to operators for more than what they use, This is happening because operators putting conditions like the data should be used within the time period and due to this user data may not be utilised within period in most of the times. In this way mobile operators looting money from users. To change this into positive manner DENT is introducing data exchange on Ethereum blockchain to buy and sell the data internationally through Dent Tokens. For ex : If a User A from US carrier travelled to UK then he can buy the data from User B who is using UK carrier with Dent Token, Through this User A need not to buy sim in UK. In addition to this through the DENT exchange abroad data users can donate their unused data to developing countries like Africa and India. Once mass userbase come into the platform then the price of Dent Token will increase significantly due to supply of tokens is fixed.This all can be done in mobile app. With this platform the price of data also will be determined with the real market demand and supply and this process will reduce the data prices mostly comparing with existing prices because of the unused data can be sold at lesser price instead of its expiry . I think this Platform has huge potential to disrupt Telco Industry internationally. The team is looking so legit and they are having lots of experience in data industry and blockchain technology. The Crowdsale will start on 12th July 2017 14:00 London Time (GMT+1) It will end on 26th July 2017 23:59 London Time (GMT+1) Interested people can participate in Crowdsale by visiting https://www.dentcoin.com To know more about DENT project Download White paper from https://www.dentcoin.com/whitepaper Bitcointalk Profile link : https://bitcointalk.org/index.php?action=profile

The Dent (DENT) coin is making a big splash today. This Ethereum-based cryptocurrency has been an up-and-comer for months now, but today it is getting the added attention of having added 27% to its price in the past 24 hours. In fact, it’s the top gainer for the day, according to CoinMarketCap. Why is the DENT coin price up today? Why the sudden surge, you ask? It’s undoubtedly because a bombshell announcement just hit the interwebs: Dent will be added to the OkEx exchange. If you didn’t know, OkEx is a pretty active trading platform, ranking among the world’s most popular: @OKEx_ , the 3rd largest Exchange of the world with over 2 Billion USD daily volume, is listing DENT! More info: https://t.co/dmYrkfo0eg #eth #btc #cryptocurrency #dent #dentcoin #Ethereum #bitcoin #mobile pic.twitter.com/A7qiUU1Bid — DENT (@dentcoin) January 29, 2018 Today’s boost in price is certainly a welcome breath of fresh air for those who have been holding onto this coin. That’s because these investors have had a rough go of it. This currency shot up from around $0.02 to $0.11 in the first week of January, then quickly plummeted back down before gradually slipping down to 3 cents – until yesterday. There’s more on the horizon for Dent (DENT) This blockchain-based cellular data exchanging platform released an iPhone version of its trading app last month. We have known for a while that an Android version would be coming in Q1 – but we now have confirmation that it will be by the end of the month. Why is it a big deal that Android phone owners can soon use this app? That is a huge untapped market for Dent – I’ll let them explain: “Adding the Android app after launching the iOS app in December 2017 is the key scaling factor of the DENT business. As our goal is to provide the easiest way to buy and remit data, we need to target the market with the most prepaid phones: The developing world with billions of prepaid users. As Android is 90%+ on those markets, the upcoming version is key for scaling.” The Android app will only mean more growth When this app becomes fully functional in the prepaid user market – this coin is most likely going to soar in value, especially after all the buzz it’s getting on the crypto media circuit. Like Siacoin (SC) users can rent out their unused digital storage, the Android users of this program will soon be able to take advantage of unused data. On top of that, Dent is working on a system where you can earn data while you sit and watch advertisements. After watching a Walmart commercial, for example, you get an SMS notifying you that your wallet has been credited. Check out the roadmap on their site to see what other cool features will be coming up. Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

First, we provide a recap table for crypto trend and momentum values for all the coins we cover. We divide crypto according to trend and momentum indicators, and evaluate them according to the technical setting for 1-day candles.

The following table depicts the general situation according to crypto trend and momentum indicators. Triangles’ dimension and color vary accordingly to the strength of the indication and its direction. We provide the 5 best and 5 worst coins for the 1-day candles setting, for a total of 10 coins.

In the following sections we provide details about all the trend and momentum indicators for the five best and worst coins, then we plot them.

The tables above show the recap for crypto trend and momentum indicators according to 1 day candles. In the following section, we provide the graphs for each coin.

We found the best crypto trend and momentum setting in Pundi X (NPXS), Icon (ICX), Dent (DENT), Fetch.AI (FET), Nuls (NULS). These coins’ graphs are below.

We found the worst crypto trend and momentum setting in HyperCash (HC), Litecoin (LTC), Bitcoin Cash (BCH), Eos (EOS), Chiliz (CHZ), whose graphs are below.

Follow Us on Twitter: @monethical Get all our reports on our Telegram channel: @monethical Follow Us on Instagram: @monethical Look at our Weekly Crypto Report, Weekly Sectorial Report and Weekly Market Cap Report here

The views expressed in this report reflect the analysts’ personal views about the cryptocurrencies subject of the report. These views may change without notice and are subject to market conditions. The report is prepared for information purposes only and by no means constitutes a solicitation to investment or disinvestment. All the data are taken from Binance at 16:00 UTC on the 12th of August 2020. USD and USDT are used interchangeably for illustration purposes. All the presented valuations, indicators, and analyses are subject to errors. The report is for personal use only and should not be republished or redistributed

First, we provide a recap table for crypto trend and momentum values for all the coins we cover. We divide crypto according to trend and momentum indicators, and evaluate them according to the technical setting for 1-day candles.

The following table depicts the general situation according to crypto trend and momentum indicators. Triangles’ dimension and color vary accordingly to the strength of the indication and its direction. We provide the 5 best and 5 worst coins for the 1-day candles setting, for a total of 10 coins.

In the following sections we provide details about all the trend and momentum indicators for the five best and worst coins, then we plot them.

The tables above show the recap for crypto trend and momentum indicators according to 1 day candles. In the following section, we provide the graphs for each coin.

We found the best crypto trend and momentum setting in Tron (TRX), Qtum (QTUM), Dent (DENT), Fetch.AI (FET), Tomochain (TOMO). These coins’ graphs are below.

We found the worst crypto trend and momentum setting in Binance Coin (BNB), Litecoin (LTC), Bitcoin Cash (BCH), Eos (EOS), Ethereum Classic (ETC), whose graphs are below.

The views expressed in this report reflect the analysts’ personal views about the cryptocurrencies subject of the report. These views may change without notice and are subject to market conditions. The report is prepared for information purposes only and by no means constitutes a solicitation to investment or disinvestment. All the data are taken from Binance at 16:00 UTC on the 11th of August 2020. USD and USDT are used interchangeably for illustration purposes. All the presented valuations, indicators, and analyses are subject to errors. The report is for personal use only and should not be republished or redistributed

A sell-off was inevitable

Market Insights provider Unfolded had previously remarked that caution was not to be thrown to the wind because BTC’s levels had become euphoric; hence a downward push was inevitable. 

These statistics point to the fact that the crypto market had witnessed a huge rally, and a sell-off was unavoidable based on the profit-taking tendencies by some investors. Vijay Ayyar, Luno’s head of business development, noted:

“It’s to be determined whether this is the start of a larger correction, but we have now seen this parabola break, so it might just be.”

Yields boost the US Dollar 

Bitcoin’s price rally has been dented because the rising US yields have enhanced the dollar broadly. Research shows that BTC and the dollar have an inverse relationship. For instance, as Bitcoin surged by more than 295% in late 2020, the US Dollar Index (DXY) slipped to a 32-month low. 

The current price correction in the crypto market has made its market capitalization tumble to $943.57 billion from a high of more than $1 trillion. 

One of the most famous gold proponents that also makes headlines for his bitcoin rants, Peter Schiff, is currently in a tricky situation. He found himself at crossroads when Peter McCormack pointed out that his site, Schiff Gold, lets people buy gold using bitcoin several other altcoins.

Schiff takes every moment that he gets to criticize bitcoin and claims that it is neither a form of money nor a store of value. He says that bitcoin’s meteoric rally is pushed only by the hype that is created by its proponents. Nevertheless, the latest discovery about his site accepting bitcoin payments is believed to have dented his claims about the flagship crypto.

Bitcoin has so far managed to double its 2017 all-time high of just under $20,000. This rally saw many institutional investors finally jump on the bandwagon as the scarcity factors come into play. On the other hand, Schiff insists his passive stand on bitcoin even when several institutions have reduced their exposure to gold and divested their money into bitcoin.

At the beginning of the COVID-19 pandemic, gold outperformed bitcoin. This trend continued all through the first quarter of 2020 but from Q2 2020 gold started to lose its shine in the eyes of institutions. Its price continued to slide despite institutions seeking a hedge as the global economy started to implode.

Bitcoin turned into the growing choice for many institutions and some like MicroStrategy changed almost $1.5 billion of their treasury into bitcoin which has already turned into $2.3 billion in valuation.

Peter Schiff can continue denying bitcoin’s strengthening influence as a store of value, but his son disagrees and is a big-time bitcoin proponent. He forced Schiff to invest in the top crypto some years back. Many analysts and commentators also believe that the gold proponent may just be playing all along and probably hold a large portfolio in bitcoin himself.

Peter Schiff, the well-known gold proponent who is often in the headlines for his Bitcoin rants has found himself in a tricky situation when Peter McCormack pointed out that his website Schiff Gold allows people to purchase gold using bitcoin and a few other altcoins.

— Peter McCormack (@PeterMcCormack) January 22, 2021

Schiff who is often seen criticizing bitcoin and claims of it being a form of money or store of value most of the time is an avid gold bug who believes the only reason behind bitcoin’s growth is the hype created by its proponent. However, the recent discovery about his website accepting bitcoin for sure dent his claims about the top cryptocurrency.

— Peter Schiff (@PeterSchiff) January 22, 2021

Bitcoin has managed to more than double its 2017 all-time-high of $20,000 which also forced saw many institutions to finally jump on the bandwagon as the scarcity factor kicks in. Schiff on the other hand has maintained his passive stance on BTC throughout even when a few institutions have cut their exposure in gold to invest in Bitcoin.

At the start of the outbreak of the coronavirus pandemic, gold performed outperformed bitcoin in the first quarter of 2020 registering it’s all-time-high, however second quarter onwards gold started to lose its luster in the eyes of institutions as its price continued to tumble despite institutions looking for a hedging asset as the world economy started to crumble.

Bitcoin emerged as the growing choice for many institutions and the likes of MicroStrategy even converted nearly 1.5 billion dollars of their treasury into bitcoin which has already turned into $2.3 billion in valuation.

Peter Schiff might continue to deny Bitcoin’s growing influence as a store of value, but his son, funnily enough, disagrees with him and is a big-time Bitcoin proponent who also forced Schiff to invest in the top cryptocurrency back in the day.  Many also speculate that the gold proponent might just be playing all along and might hold a significant portfolio in Bitcoin himself.

To keep track of DeFi updates in real time, check out our DeFi news feed Here.

First, we provide a recap table for crypto trend and momentum values for all the cryptocurrencies we cover. We divide crypto according to trend and momentum indicators, and evaluate them according to the technical setting for 1-day candles. Trend indicators we consider for cryptocurrencies are: Vortex, MAs Crossing, ADX, MACD, Hilbert TT, SAR, T3, APO, BOP. Momentum indicators we consider for cryptocurrencies are: Aaron Oscillator, Stochastic, Stochastic RSI, Williams %R, CMO, RSI, CCI.

The following table depicts the general situation according to crypto trend and momentum indicators. Triangles’ dimension and color vary accordingly to the strength of the indication and its direction. We provide the 5 best and 5 worst coins for the 1-day candles setting, for a total of 10 coins.

In the following sections we provide details about all the trend and momentum indicators for the five best and worst coins, then we plot them. Below the indications of Vortex, MAs Crossing, ADX, MACD, Hilbert TT, SAR, T3, APO, BOP for top and worst cryptocurrencies.

Here are the indications of Aaron Oscillator, Stochastic, Stochastic RSI, Williams %R, CMO, RSI, CCI for top and worst cryptocurrencies.

The tables above show the recap for crypto trend and momentum indicators according to 1 day candles. In the following section, we provide the graphs for each coin.

We found the best crypto trend and momentum setting in Hedera Hashgraph (HBAR), BitTorrent (BTT), Chiliz (CHZ), Dent (DENT), Pundi X (NPXS). These cryptos’ graphs are below.

We found the worst crypto trend and momentum setting in ZCash (ZEC), Vechain (VET), Coti (COTI), Cardano (ADA), Ethereum Classic (ETC), whose graphs are below.

The views expressed in this report reflect the analysts’ personal views about the cryptocurrencies subject of the report. These views may change without notice and are subject to market conditions. The report is prepared for information purposes only and by no means constitutes a solicitation to investment or disinvestment. All the data are taken from Binance at 16:00 UTC on the 18th of August 2020. USD and USDT are used interchangeably for illustration purposes. All the presented valuations, indicators, and analyses are subject to errors. The report is for personal use only and should not be republished or redistributed

After enjoying a remarkable bull run in recent weeks that saw the crypto sector’s market capitalization surpass $1 trillion, many cryptocurrencies have since pulled back. This has resulted in the crypto market plummeting by nearly $170 billion in the last 24 hours as leading cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) tumbled by 13% and 16%, respectively.

A sell-off was inevitable

Bitcoin has been witnessing wild price swings, which made it breach the $40,000 level for the first time in its twelve-year history. Nevertheless, a looming correction was imminent as its price has retracted to $33,514 at press time, according to CoinMarketCap. 

Market Insights provider Unfolded had previously remarked that caution was not to be thrown to the wind because BTC’s levels had become euphoric; hence a downward push was inevitable. 

These statistics point to the fact that the crypto market had witnessed a huge rally, and a sell-off was unavoidable based on the profit-taking tendencies by some investors. Vijay Ayyar, Luno’s head of business development, noted:

“It’s to be determined whether this is the start of a larger correction, but we have now seen this parabola break, so it might just be.”

Yields boost the US Dollar 

Bitcoin’s price rally has been dented because the rising US yields have enhanced the dollar broadly. Research shows that BTC and the dollar have an inverse relationship. For instance, as Bitcoin surged by more than 295% in late 2020, the US Dollar Index (DXY) slipped to a 32-month low. 

The current price correction in the crypto market has made its market capitalization tumble to $943.57 billion from a high of more than $1 trillion. 

However, Alex Kruger, a popular economist and crypto trader, recently disclosed that BTC’s price would likely never trade below $20,000 again as the size of market corrections are expected to diminish sharply. With institutional support of corporates such as MicroStrategy and Square backing Bitcoin, it is likely that Bitcoin’s current price correction is temporary, and the cryptocurrency is undergoing a momentary pullback before surging ahead. 

Image source: Shutterstock

Credit: Source link

Yashu Gola | Jan 11, 2021 | 08:01

Bitcoin prices fell on Monday, after plunging by more than 12 percent in the previous session, as the US dollar rebounded and US benchmark yields inched higher, denting the flagship cryptocurrency’s safe-haven appeal.

Spot BTC/USD was down 11.61 percent to $33,739 .39 per token by 0639 UTC, after having reached its record high of $41,986 on January 8. Meanwhile, Bitcoin Futures listed on the Chicago Mercantile Exchange fell by 12.97 percent to $34,360 per contract, pointing to massive long liquidations over the previous 24 hours.

The volatile plunge left Bitcoin analysts guessing for the next price direction. Scott Minerd, who projected BTC/USD at $400,000 in the future, said the pair’s ongoing uptrend looks unsustainable in the short-term, pointing to its overextended-ness that could crash its price lower.

“The target technical upside of $35,000 has been exceeded,” the Guggenheim Partners’ managing partner added. “Time to take some money off the table.”

Meanwhile, prominent Bitcoin bull Vijay Boyapati came in defense of the cryptocurrency’s latest price correction, reminding that each of its volatile bull runs has historically shown downside moves of 30-40 percent. The analyst noted that Bitcoin’s upside mood would resume as soon as it finds a sessional support level.

In the current bull market demand seems to appear after corrections between 15-20%.

This is probably indicative of a difference in buyers: retail (2017) vs institutional (today). pic.twitter.com/OfRX28lEco

— Vijay Boyapati (@real_vijay) January 10, 2021

As Bitcoinist previously reported, Mr. Boyapati’s prediction may come true as Bitcoin heads into a week that would witness a new stimulus package unveiled. US President-elect Joe Biden told reporters on Friday that one of his priorities after taking the oath would be to spend trillions of dollars to boost the US economy.

Fiscal deficits favor Bitcoin’s investment thesis. The cryptocurrency surged by more than 900 percent as the US Congress approved two stimulus bills of the combined worth of $3.2 trillion. That reduced the US dollar’s appeal and sent investors looking for safety in riskier assets, benefiting the top cryptocurrency.

Entering the realm of technical indicators, Bitcoin is showing symptoms of short-term bearishness.

That is primarily due to two factors: an overextended Relative Strength Index on a weekly timeframe and an Ascending Broadening Wedge. Bitcoin’s latest downside move has neutralized the RSI to an extent, but it remains inside an overbought area. That amounts to an extended correction lower.

Meanwhile, the Ascending Broadening Wedge shows bearish reversal signs as the price tests its lower trendline support for a potential negative breakout (as shown in the chart below).

As the price confirms at least three retests of the upper and lower trendline—both of whom are diverging from each other—it shows sellers’ ambition to take control. On the other hand, the buyers manage to make the price rebound on the support line but lose control after the asset forms a fresh high. So it appears, Bitcoin has just done something similar.

The cryptocurrency now has an 80 percent possibility of breaking below the Wedge, based on the pattern’s overall performance across traditional markets. Should the move happens, the BTC/USD exchange rate would target Wedge’s lowest point as its downside target, which is at $24,655.

Nevertheless, the pair could attempt a pullback from the lower trendline itself, surging towards the upper trendline, followed by a breakout. On a breakdown move, it could bounce-back from $26,375 or $29,891 as well (watch out for volume spikes near these levels for confirmation).

Bitcoin price analysis is getting trickier as the price breaks past every resistance to touch fresh new all-time highs. The euphoria is powered by multiple factors such as technical indicators, BTC whale buying, geopolitical uncertainties, and more. At the time of writing, Bitcoin price has breached the $36,000 level to touch $36,355 high

As the pair eyes fresh all-time highs every day, the Bitcoin price analysis is now stretching its boundaries to include new targets ever. Right now, BTC looks set to achieve the $40,000 target. The remarkable recovery from the minor correction has been swift, where the downside was capped at $28,000. The king of cryptocurrencies is in a strong position to weather any storm – political or fundamental.

After testing a low of $27,700 during the recent correction on the hourly charts, the Bitcoin price analysis is once again in the positive territory. In the last 24 hours, the price has gained more than $1,000 in value and surged to reach the $36,000 region. This is a quick jump from the $27,700 lows attributed to high overbought technical indicators.

The overhead pressure is now beginning to show as the pair consolidates above $35,000 high. The price is hovering over the Bollinger Bands’ upper end and trying to break past the upper channel. Still, the price is very much in line with the ascending price channel.

The on-chain metrics are painting a highly bullish picture. The intense buying action is coming from BTC whales and institutional investors. Due to heavy purchases, there is a strong support wall emerging near the $30,000 support area.

The highly bullish Bitcoin price analysis is now attracting further buying as ‘Fear-of-Missing-Out’ gets more robust. More Bitcoin enthusiasts are emerging every hour, thereby fuelling the price further into stratospheric regions. From traditional investors to retail traders, everyone is trying to get onto the BTC bandwagon.

Technical indicators are now once again approaching overbought territory. BTC whale addresses are on the rise as large investors add more BTC to their portfolio. Buying pressure is increasing and is evident from the high volumes on the hourly charts. Technical studies further chart a rally towards the $40,000 level.

The RSI is at the 70 mark and just about to enter the overbought region on the hourly charts. The MACD is firmly in a positive region, thereby helping the bulls continue their march.

The horse has now bolted, and there is no stopping this current bull rally. Bitcoin price analysis has never been this positive where investors are enjoying good returns over a five-to-six-month period. Above $34,000, the pair will likely find little to no resistance before hitting $38,000 and then continue towards $40,000. If the pair closes above $35,000, the bulls will retain their monopoly tomorrow as well.

The bears won’t have much chance unless they can increase selling pressure at upper resistances. At $35,000, the price will be guided by volumes, and fading volumes can be an opportunity for the bears. Even if a consolidation begins on the hourly charts, the sideways trading will keep the price above $34,000 and well within reach of the 50-day simple moving average. The 100-day simple moving average is well below the ascending price channel.

Bears will have to close the price under $30,000 for successive days to dent the current uptrend. The 50-day SMA lies at $30,000 and will serve as a critical support level in the short term. As of now, the bulls are fully commanding the BTC price action.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Crypto investors rejoice! At least, for now. The market is in the green at the time of writing (but knowing how volatile crypto is, who knows how long this will last). Of the many coins that are up, both Ark and Dent have been climbing in the past 24 hours.Yesterday, China blocked all crypto-related websites, and the result was madness. The aim was to prevent financial risk, according to the Peoples Bank of China, but ironically, the block ended up causing financial risk in the form of the markets experiencing significant selloffs. Bitcoin was down yesterday by almost 16%,and Ethereum dropped nearly 20%. All the top ten cryptos by market cap were down yesterday.Today looks to be the day of recovery. Numbers are balancing themselves out, a reverse of the old adagewhat goes up must come down.Among those coins in recovery are Ark and Dent.>> NEO and NEM up todayFor those not familiar with the coin, ARK is the all-in-one blockchain solution.Ark started well in January. It breached the $10 mark on January 9th, giving Ark enthusiasts a reason to celebrate. Since then, however, the coin has struggled, declining to its current price of $3.75. Despite this decline, Ark is up today by 16%.Will Ark be able to hold onto its momentum or is this a temporary upstart?>> What does Chinese New Year mean for crypto?Similar to Ark, Dent started the year at its highest price pointin the altcoins history. The coin was selling over $0.10 on January 9th, but since that momentous day, the coin has not fared so well.DENT coins now selling at $0.024904. While this isnt a lot, it does place Dent among some of the best performers for the day it hasrisen by 30.99% in the past 24 hours.Why are Ark and Dent, among practically every other token on the market, experiencing price increases today? Theres no answer. Perhaps the market is simply correcting itself after yesterdays terrible performance. A country like China announces something anti-crypto and panic spreads, causing people to sell their coins. Then, by the next day, the initial panic is over,and people begin to buy again. Such is the circle of life in the crypto world.>> Ripple price analysisFeatured image: DataPipeGet all the latest pricing data for cryptocurrencies. https://crypto.fxbtrading.com/Texas War On Cryptocurrency DavorCoin BannedLitecoin Price Analysis LTC/USD Heading Back to $150?After a good week on the crypto market, Ripple (XRP), EOS, and IOTA (MIOTA) are ending the week on a high. Heres whats happening with these coins.Ripple (XRP)Ripple is currently selling ReadWhats going on with crypto? Many coins are up today, including Cardano (ADA), IOTA (MIOTA), and Monero (XMR). Lets find out whats happening.Cardano (ADA)Cardano is currently selling for $0.268752, which puts ReadMuch of crypto is up, but some coins are struggling. Has the Verge (XVG) partnership downgraded the coin? What are Dash and Lisk (LSK) up to? Lets find out.Verge (XVG)Verge is ReadGet Early ICO Access!Name Email Subject General InquiriesAdvertiser inquiriesMedia inquiriesDMCA Notices Message Copyright 2018 | 422 Richards ST, Suite 170 Vancouver, Canada | 1.800.340.9768 Copyright 2018 | Terms of Use | Privacy Policy | DMCA | Disclaimer| Authors 422 Richards ST, Suite 170 Vancouver, Canada | 1.800.340.9768