Tag Archives: Support

Bitcoin Rallies Aggressively After Defending ‘Parabolic’ Price Support

The bitcoin price rallied aggressively on Wednesday after the beleaguered cryptocurrency defended a vital support level that has fortified its nearly five-year-old “parabolic” uptrend. Just hours after careening to seven-month lows below $6,500, the notoriously volatile asset jerked toward a recovery, ascending a wall of sell orders in near-instantaneous fashion. Continue reading Bitcoin Rallies Aggressively After Defending ‘Parabolic’ Price Support

‘Super Interesting’ Bitcoin Needs US Govt Backing Before We Support Crypto: Goldman Sachs

Goldman Sachs is waiting to throw its hat in the cryptocurrency ring until the U.S. government gives the asset a thumbs-up,
American Banker reports. At the DTCC conference this week, Martin Chavez, global co-head of the securities division at Goldman,
outlined that we shouldn’t expect to see the investment bank get more involved with crypto until it has solid backing. Continue reading ‘Super Interesting’ Bitcoin Needs US Govt Backing Before We Support Crypto: Goldman Sachs

Ripple Bulls Protecting Crucial Support But Can They Gain Momentum?

In the past few sessions, we mostly saw range moves below $0.3700 in ripple price against the US Dollar. Earlier, the XRP/USD pair made a few attempts to break the $0.3700 and $0.3740 resistance levels. However, bulls failed to gain bullish momentum above $0.3740 and the price retreated from highs. It broke the $0.3650 support and settled below the $0.3600 level plus 100 hourly simple moving average. The recent swing low was formed at $0.3488 and the price is currently consolidating in a tight range. Continue reading Ripple Bulls Protecting Crucial Support But Can They Gain Momentum?