Bitcoin Price Prediction: BTC/USD Regains $18,600 and $18,800 Price Levels, Resumes Upside Momentum

Bitcoin (BTC) Price Prediction – December 12, 2020
Today, BTC/USD is struggling to push above the $18,800 high after recovering the $18,600 price level. Traders believe that when these price levels are regained, Bitcoin will resume the upside momentum. The reason for the price movement was because Bitcoin has remained stagnant and calm in the price range between $17,600 and $18,600.

Resistance Levels: $13,000, $14,000, $15,000
Support Levels: $7,000, $6,000, $5,000

BTC/USD – Daily Chart

The recent upward move is not unconnected with the news that MicroStrategy will be purchasing $650 million in the coming weeks and months. Today, Bitcoin has broken above the $18,800 high and approaching the $19,000 price level. On the other hand, Bitcoin dropped to $17,600 low, last week when the U.S dollar appreciated.Meanwhile, Bitcoin has risen to $19,000 at the time of writing. A retest at the $19,600 and $19,740 is likely. Meanwhile, BTC … Read more

Guardian business Christmas quiz 2020

Do you know your Tesla from your Arcadia? Then test your 2020 business knowledge here with our annual quiz …

  • For your overall score, please complete all the questions

Which famous US singer helped fund the development of the Moderna coronavirus vaccine with a $1m donation?

Miley Cyrus

Snoop Dogg

Dolly Parton

Rishi Sunak grabbed the headlines in July after the Treasury released photographs of the chancellor preparing for his summer economic update, with something expensive on his desk. What was it?

A bronze bust of Margaret Thatcher

A Byron burger takeaway

A “smart mug” costing £180

A number of household names have killed off long-running catalogues this year but which retailer will still be printing its traditional shopping guide in 2021?

Argos

Next

Ikea

The coronavirus pandemic has plunged Britain’s economy into one of the deepest recessions in history, with a decline in gross domestic product (GDP) of 11.3{998ff540fe94a59c7c9828c4dd5223100610db67cea90947d11644c77e05f5f4} … Read more

Bitcoin Price Prediction: BTC/USD Is in a Downward Correction, Fluctuates Between $17,600 and $18,600

Bitcoin (BTC) Price Prediction – December 11, 2020
Following the rejection from the $19,740 and $19,600 resistance zones, BTC/USD now struggles to sustain above $18,000. The recent fall of Bitcoin is not unconnected with the recovery of the U.S dollar. As the U.S. dollar rises, Gold and Bitcoin will drop. Another factor responsible for the Bitcoin drop is the heightened level of selling from miners.

Resistance Levels: $13,000, $14,000, $15,000
Support Levels: $7,000, $6,000, $5,000

BTC/USD – Daily Chart

As Bitcoin drops from the $20,000 resistance zone, the King coin now fluctuates between $17,600 and $18,600. After its rejection from the $20,000 resistance zone, Bitcoin fell to $17,930 low. The bulls buy the dips and push BTC to $18,600 high but could not penetrate the recent high. Buyers made three upward moves to retest or break the $18,600 resistance but to no avail. Consequently, BTC was rejected again at … Read more

Ripple Price Analysis: XRP/USD Consolidates Within the Channel as Price Drops Below $0.56 Support

XRP Price Prediction – December 10

Ripple (XRP) is down by 0.91{998ff540fe94a59c7c9828c4dd5223100610db67cea90947d11644c77e05f5f4} in the last 24 hours as the value has gone below $0.58.

XRP/USD Market

Key Levels:

Resistance levels: $0.68, $0.73, $0.78

Support levels: $0.45, $0.40, $0.35

XRPUSD – Daily Chart

Earlier today, XRP/USD touches the daily high of $0.58 before giving a bearish signal at the time of writing, the coin is also floating below the 9-day and 21-day moving averages as the technical indicator RSI (14) moves above 55-level. Meanwhile, a break below the channel could give the market enough strength to dig dip, but moving towards the north might lead the market to a bullish scenario.

Where is the Ripple Price Heading to?

At the moment, the Ripple price has continued to demonstrate a sign of weakness across its markets. Looking at the daily chart, XRP/USD market is down by 0.91{998ff540fe94a59c7c9828c4dd5223100610db67cea90947d11644c77e05f5f4}, reflecting a price drop in … Read more

Ohio Congressman Wants Investors to ‘Short the Dollar’ as Markets Make New Year Plans 

Warren Davidson is one of the most crypto-friendly members of Congress. In a recent interview, the lawmaker took a shot at the dollar. Davidson, a Republican Congressman from the 8th district of Ohio, took to Twitter to share his cynicism about the U.S. dollar.

Little Hope for the Greenback

Davidson had replied to a tweet from Forbes Crypto, asking readers to sum up their views on the crypto industry’s performance in 2020. Simply, Davidson said, “Short the dollar.” Shorting is stock lingo for predicting that an asset’s value will drop soon.

Obviously, Davidson wasn’t succinct in his outlook for the greenback.

Davidson appeared to have been echoing concerns from financial experts about the dollar’s position all year long. The coronavirus pandemic has forced downward pressure on stocks and the market in general, and the Federal Reserve has had to Read more