Bitcoin (Btc) Price Prediction: Btc/USD Breaches Crucial Resistance Levels, Pauses Above $63,000 High

Bitcoin (BTC) Price Prediction – April 13, 2021
From every indication, Bitcoin bulls have broken the resistance at $60,000 and $61,800. The price surge has continued above the $63,000 high. This current price movement has a target price of $65,000 high. Buyers will continue the upside momentum after booking profits above the $65,000 high.

Resistance Levels: $58,000, $59,000, $60,000
Support Levels: $40,000, $39,000, $38,000

BTC/USD – Daily Chart

The breaking of the resistance levels has been dramatic since February 21. Firstly, BTC/USD rebounded above the $58,000 support and the bullish momentum propel price to break the $60,000 high. The same bullish momentum retested the $61,000 high but pulled above the $60,000 support. Nonetheless, buyers retested the $61,000 overhead resistance thrice on April 10, 12, and 13 before sellers were overcome. BTC price now has accelerated price movement to resume the upside momentum. Today, Bitcoin is trading at $63,476 at the … Read more

Bitcoin Price Prediction: BTC/USD Trades Below $60,000 Level as Downward Correction Lingers

Bitcoin (BTC) Price Prediction – April 12

BTC/USD is seen moving under $60,000 amid the struggle to extend the bullish leg above $61,000.

BTC/USD Long-term Trend: Bullish (Daily Chart)

Key levels:

Resistance Levels: $64,000, $66,000, $68,000

Support Levels: $56,000, $54,000, $52,000

BTCUSD – Daily Chart

BTC/USD has been able to touch the daily high of $61,199. Presently, the Bitcoin price is seen trading below the $60,000 level as the coin finds its way back towards the 9-day and 21-day moving averages. Initially, trading above $60,000 has been an uphill battle for the coin, while most of the price actions above $60,000 stalled around this level.

Where is BTC Price Going Next?

According to the daily chart, the break above $62,000 is going to be a big step for bulls as this will allow them to expand their scope above $61,000 which has always been a restriction for the coin. However, … Read more

XRP Price Prediction: XRP/USD Witnesses an Aggressive Price Upsurge Averaging a New All-Time Higher Level of $1.60

XRP Price Prediction – April 12
After a long-range-bound trading position recently experienced by the XRP/USD market valuation, the crypto has on April 5, beginning the northward move to set a new higher all-time trading zone near the resistance level of $1.60.

Key Levels:
Resistance levels: $1.60, $1.80, $2
Support levels: $1, $0.80, $0.60

XRP/USD – Daily Chart
A long-awaited bullish candlestick has finally occurred on the XRP/USD daily trading chart at an upper range line signaling a breakout that puts the market line on a bullish journey now. The 14-day SMA trend-line and the bullish trend-line are below the current price trading spot pointing towards the north to still indicate an ongoing buying pressure around $1.30 level, The 50-day SMA indicator is located close to the recent-past upper range line of $0.60 to also point to the north direction. The Stochastic Oscillators have briefly reversed from the … Read more

Bitcoin (BTC) Price Prediction: BTC/USD Slumps Below $60,000 Support as Bears Overwhelm Bulls

Bitcoin (BTC) Price Prediction – April 10, 2021
BTC/USD made positive moves above the $60,000 overhead resistance as price reached a high of $61,243. Unfortunately, buyers could not sustain the bullish momentum above the overhead resistance. Today, BTC price has fallen below the $60,000 support. A further downward movement of the coin is likely.

Resistance Levels: $58,000, $59,000, $60,000
Support Levels: $40,000, $39,000, $38,000

BTC/USD – Daily Chart

Today, BTC price broke the $60,000 overhead resistance as price reached the high of $61,243. In previous price actions, buyers broke the overhead resistance on two other occasions. On March 14, the bulls broke the psychological price level as price rallied to $61,699 high. On April 2, buyers also made concerted efforts to break the resistance but the market reached a high of $60,190. One common feature in the price action is that buyers failed to sustain the bullish momentum above … Read more

US CFTC Orders Ponzi Scheme Operator To Pay $32 Million Fine

A US District Court for the District of Nevada has fined Circle Society and owner David Gilbert Saffron for operating a cryptocurrency ponzi scheme. This is according to the Commodity Futures Trading Commission (CFTC).

Circle Society Ponzi Scheme

The regulator stated that both the Nevada-based corporation and its operator have to pay $32 million as ordered by the court.

Saffron, an Australian citizen, residing in the US, started the firm Circle society to offer binary options on forex and cryptocurrency pairs. Both he and the company allegedly deceived investors to send funds in order to participate in a commodity pool, with promises of high returns.

Since 2017 when Circle society was created, Saffron has reportedly duped investors of at least $15.8 million from about 179 people. According to the CFTC, he diverted investor funds to his crypto wallet to pay other participants “in the manner of a Ponzi scheme.”

The Read more