Bitcoin Price Prediction: BTC/USD Stable Above $11,500 as the Market Takes a Breath

Bitcoin (BTC) Price Prediction – August 29, 2020
Since August 27, the $11,200 support has been holding. The bears have tested the support thrice as bulls buy the dips to push prices upward. There is a balance as BTC/USD fluctuates between $11,200 and $11,600.

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

BTC/USD – Daily Chart

The king coin is now trading in a range between $11,200 and $11,600. The bears have not been able to break the support level because BTC rebounds at the crucial support level. On the other hand, the bulls have not been able to break the $11,600 resistance after two attempts. On the upside, if buyers push BTC price above the 12 –day EMA, the price momentum will be accelerated to break the $11,600 and $11,800 resistance.

The momentum will extend to break the $12,000 overhead resistance. The bullish scenario for … Read more

U.S. Warns of Resurgence of North Korean Hacking Group

North Korea has dominated the hacking-related aspect of the crypto industry’s news cycle this week. From attempted attacks to fresh discoveries, the country has been the focus of several stories. However, the latest development in the country highlights one of its most notorious hacking groups and its apparent resurgence.

The BeagleBoyz Are Back

This week, the United States Department of Homeland Security (DHS) issued an alert confirming that the government has been monitoring the resurgence of BeagleBoyz, a hacking group sponsored by Pyongyang. The report explained that investigation efforts have been carried out by the Treasury Department, the FBI, and the U.S. Cyber Command.

As the report explained, the BeagleBoyz hacking group hasn’t been quite as active in the last five years. In that time, the Lazarus Group — a syndicate with strong links to the North Korean regime — has spearheaded the country’s cybercrime efforts. Despite the BeagleBoyz decline, … Read more

Bitcoin Price Prediction: BTC/USD Spikes to $11,597 and Later Drops to $11,107 Support

Bitcoin (BTC) Price Prediction – August 27

BTC/USD is currently around $11,303 after a failed attempt by the bulls to climb above $11,600.

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

Key levels:

Resistance Levels: $12,200, $12,400, $12,600

Support Levels: $10,500, $10,300, $10,100

BTCUSD – Daily Chart

Today, BTC/USD is declining, trading at $11,303. It is correcting after several attempts to grow and renew the peaks. If Bitcoin fails to recover above the $11,400 and $11,550 level, there is a risk of more losses. The first key support is near the $10,800 level. The main support is now forming below the 9-day and 21-day moving averages, which there is a risk of a sharp decline. In the stated case, the price might continue to move down towards the $10,500, $10,300, and $10,100 support levels.

What to Expect from Bitcoin (BTC)

At the moment, the price is holding marginally below the moving averages … Read more

Ethereum Price Prediction: ETH/USD Struggles Around $386 Amidst Bear Pressure

ETH Price Prediction – August 26

In the past few days, Ethereum surges from $447 and dropped to a low of $369.

ETH/USD Market

Key Levels:

Resistance levels: $450, $455, $460

Support levels: $320, $315, $310

ETHUSD – Daily Chart

ETH/USD is seen consolidating within the ascending channel for the past few days. For now, ETH/USD is currently trading at $386.65 below the 9-day and 21-day moving averages. At the opening of the market today, the daily chart shows that the price first went up to $392.98, where it met resistance and later fell to $373.87 support level where it began to correct itself.

What is the Next for Ethereum (ETH)?

The bulls have regained control of the market. Early this month, trading has been a resounding victory for the bulls as Ethereum’s price jumped up, breaking above the 9-day and 21-day moving averages and touching the high of $447. … Read more

Bitcoin Price Prediction: BTC/USD May Touch $11,000 As Price Drops Below the Channel

Bitcoin (BTC) Price Prediction – August 25

Bitcoin (BTC) declined more than $300 today. The coin is still facing a drop to $11,000 before a strong upward move in the coming days.

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

Key levels:

Resistance Levels: $12,400, $12,600, $12,800

Support Levels: $10,400, $10,200, $10,000

BTCUSD – Daily Chart

After forming a short term top some few days ago, BTC/USD price dives below the 9-day and 21-day moving averages. The Bitcoin price is currently consolidating around $11,365, with a bearish signal. However, the recent correction to the upward failed near the $11,500 level. It seems like Bitcoin bulls are struggling to gain momentum above the $11,400 level.

Will BTC Break Below $11,000 or Rebounds?

On the downside, the $11,000 and $10,800 levels are initial supports. If the bulls fail to defend the recent low of $11,091, there is a risk of a sharp decline. The … Read more