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Bitcoin Price Prediction: BTC/USD Consolidates After Creating New Support; Can $9,000 Hold this Time?

Freya Hyper

Bitcoin (BTC) Price Prediction – July 15

Traders may see a more severe decline in the next couple of days if the bearish trend continues to shape in a pattern formation.

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

Key levels:

Resistance Levels: $9,600, $9,800, $10,000

Support Levels: $8,800, $8,600, $8,400

BTCUSD – Daily Chart

At the time of writing, BTC/USD is trading down marginally at its current price of $9,190. This is around where it has been hovering throughout the last week. Actually, buyers have attempted to propel it higher on multiple occasions, each one was met with significant selling pressure around $8,800. The technical indicator MACD is still reflecting an ongoing bearish action in the market as Bitcoin remains in the negative zone. A positive cross should provide a buying opportunity.

Meanwhile, the market is currently following a sideways movement and this unrelenting sideways movement trading is unlikely to last … Read more

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Joe Biden unveils aggressive $2tn climate and jobs plan

Freya Hyper

Proposal outlines $2tn for clean energy infrastructure and climate solutions, to be spent as quickly as possible in next four years

Joe Biden has unveiled a new, more aggressive climate and jobs plan which advisers say he would take to Congress “immediately”, if elected president.

The new proposal outlines $2tn for clean energy infrastructure and other climate solutions, to be spent as quickly as possible in the next four years, what would be the Democrat’s first term in office. Last year, he proposed $1.7tn in spending over 10 years.

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Rishi Sunak's capital gains tax review may usher in higher taxes on wealthy

Freya Hyper

Chancellor’s directive to focus on how people escape CGT ‘feels like starting pistol for a tax grab’, says analyst

Wealthy households could be in line for tax rises to claw back the cost of extra spending during the coronavirus pandemic, after the government called for a wide-ranging review of capital gains tax.

Rishi Sunak surprised backbench Tory MPs after he ordered the examination of the main tax on asset sales, which reaps billions of pounds for the exchequer each year on the sale of second homes, works of art and stocks and shares.

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Ethereum Price Prediction: After Touching the Low of $236, ETH/USD Pulls Back To $240

Freya Hyper

ETH Price Prediction – July 14

Ethereum (ETH) breaks above $240; a stronger retest of previous resistance is expected.

ETH/USD Market

Key Levels:

Resistance levels: $260, $270, $280

Support levels: $220, $210, $200

ETHUSD – Daily Chart

At the time of writing, despite the downside correction, ETH/USD is still nearly 0.51{998ff540fe94a59c7c9828c4dd5223100610db67cea90947d11644c77e05f5f4} higher on a day-to-day basis. At the moment, Ethereum (ETH) is trading at $240.65 while testing a 9-day moving average. However, the value of the crypto is growing slowly after opening the session at $238.86 today.

However, the initial support is created below the lower boundary of the channel at $232. Once this is eliminated, the sell-off may increase with the next focus on the $225 level. If this support level drops, the downward momentum could begin to snowball and the next downside target to $220, $210, and $200.

Moreover, as the daily chart reveals, the bulls must realize … Read more