Bitcoin Price Prediction: BTC/USD Drops beneath $10,600 With 2.02{998ff540fe94a59c7c9828c4dd5223100610db67cea90947d11644c77e05f5f4} Price Fall

Bitcoin (BTC) Price Prediction – October 6

Bitcoin drops heavily today as the cryptocurrency breaks beneath $10,600 and heads toward $10,500.

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

Key levels:

Resistance Levels: $11,200, $11,400, $11,600

Support Levels: $10,300, $10,100, $9,900

BTCUSD – Daily Chart

BTC/USD is seen dropping with a sharp loss of 2.02{998ff540fe94a59c7c9828c4dd5223100610db67cea90947d11644c77e05f5f4} today as the cryptocurrency falls beneath the $10,600 support level to reach the daily low at $10,524. However, the daily chart reveals that $10,800 is a very important area as it provided strong resistance for the market during yesterday’s trading; therefore, it is expected to provide strong support moving forward.

What to Expect from Bitcoin (BTC)

BTC/USD is now trading below the 9-day and 21-day moving averages at support provided by a rising support trend line of the channel; however, a break of this trend line could cause Bitcoin to unwind toward the $10,500 level. Meanwhile, the … Read more

White Star Capital Closes $30M Digital Asset Fund

White Star Capital, a self-described “global multi-stage technology venture capital investment platform,” has revealed the close of its brand new $30M Digital Asset Fund, according to a press release from the group.

This new fund will “invest in crypto-networks and blockchain-enabled businesses at each layer of the tech stack including protocols, infrastructure and applications,” the release notes.

The Fund’s overall goal is the following:

“The Digital Asset Fund will deploy between $500,000 and $2.0 million in initial investments into 15-20 companies with a core focus in Europe and North America. The team will take a research-driven approach to maximize returns through early access in both equity and tokens. To date, the fund has made two investments: dfuse, a blockchain API company that helps developers build performant applications by organizing the world’s decentralized data; and Multis, a Y Combinator backed company, which offers “crypto-first” business banking accounts

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Bitcoin Price Prediction: BTC/USD Takes a Breath as It Fluctuates Between $10,000 and $11,100 Price Range

Bitcoin (BTC) Price Prediction – October 5, 2020
Since September 16, BTC/USD has been trading between $10,000 and $11,100. The bulls have made frantic efforts to break the $11,000 resistance, while the bears attempt the psychological support at $10,000.

Resistance Levels: $10,000, $11, 000, $12,000
Support Levels: $7,000, $6,000, $5,000

BTC/USD – Daily Chart

Within the period of range-bound movement, the bulls have retested the $11,000 resistance twice but unable to break above it. The selling pressure at the resistance level was more compelling as the coin fell to the middle of price range. Precisely, BTC is trading at $10,674 at the time of writing. As the resistance becomes difficult to break by the bulls, a breakout at $11,000 is unavoidable. A breakout will propel the coin on a price acceleration to $11,800 high.

The chances of retesting the $12,000 and $12,400 overhead resistance become possible. Similarly, BTC … Read more

BitMEX Sheds 45,000 Bitcoins as Four Major Exchanges Benefit

After the US government charges on BitMEX, the exchange company has shed up to 45,000 Bitcoin, making Huobi, OKEx, Binance, and Gemini the biggest beneficiaries of the exchange’s slump.

This month alone, BitMEX and its leadership were charged by both the DOJ and the CFTC. As if that was not enough, the exchange’s founders as well as chief executive officer Arthur Hayes were charged by the U.S. government.

In response to the news, the market witnessed a heavy fall in activities across a lot of blockchain’s biggest assets. The sharp decline and subsequent backlash resulted in a rise in trading activities for other top exchanges in the world.

It was a clear sign that investors and traders were not too confident on the exchange after the incident.

BitMEX’s problem continues

It’s not the first time the exchange is facing a financial slump. After a blackout on Black … Read more

Ethereum Price Prediction: Is ETH/USD Ready To Fall Below $330 One More Time?

ETH Price Prediction – October 2

ETH/USD price is approaching a crucial support level, similar to Bitcoin. The Ethereum price must hold the $346 support to climb towards $350.

ETH/USD Market

Key Levels:

Resistance levels: $415, $420, $425

Support levels: $285, $280, $275

ETHUSD – Daily Chart

ETH/USD is trading down 1.75{998ff540fe94a59c7c9828c4dd5223100610db67cea90947d11644c77e05f5f4} at its current price of $346.73, which marks a notable decline from its daily highs of $354.25 that was set today when the bulls attempted to spark another rally. In the near-term, ETH/USD has been able to find some support in the lower $335 level, as it has bounced multiple times after visiting these levels.

Where is ETH Price Going Next?

Ethereum has been bitten today by the bear. ETH/USD is currently experiencing a price drop. Many traders were expecting a lot from the coin, although September 24 to 29 reflected an improvement in ETH prices. The price … Read more