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Bitcoin Price Analysis: Downward Path – Path of Least Resistance for BTC / USD

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Bitcoin is at a level below $ 3,400, which serves as local resistance, separating the price from the stronger barrier created by the upper line of the Bollinger Band (1 hour) at $ 3,500.

Digital coin No. 1 remains under strong bearish pressure in cryptocurrency markets. It seems that traders focus on uncertainty and negative factors and ignore positive events.  

BTC / USD fell by more than 84% of its historical peak, although, if the previous experience is repeated, it still has a chance for a strong recovery.

On intraday charts, the BTC / USD remained below the middle line of the Bollinger band (1-hour chart) and dropped to $ 3,400. The coin found support at the level of $ 3,360, created by the lower edge of the above-mentioned Bollinger band. A steady move below will push the price to $ 3,300 dollars and to the recent minimum of $ 3,211.

The path to growth is permeated by technical resistance levels, which include the SMA100 at $ 3,417, the middle line of the Bollinger band at $ 3,430, the SMA50 at $ 3,460. As soon as these barriers disappear, the price will reach $ 3,500, where a new interest in selling may appear. However, if it is cleared, the recovery will keep pace with the following focus on $ 3,600 and $ 3,630 (SMA200, 1 hour).

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The launch date of the new Ethereum 2.0 blockchain algorithm has become known – January 3, 2020

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Developer Justin Drake (Justin Drake), according to Trustnodes , called the date of transition of the Ethereum network to the second version of the protocol and the introduction of the consensus mechanism Proof of Stake (PoS). According to him, Ethereum 2.0 will become a reality in seven months – January 3, 2020, exactly 11 years after the extraction of the genesis-block of Bitcoin .

Drake also said that the developers of Ethereum for less than two weeks – until June 30 – should finalize and approve the specifications of the zero phase. Before generating the genesis block, they will have to launch a deposit contract for the accrual of funds to validators – and present it at the Devcon conference in Japan in October.

Thus, according to Drake, over the next three months, developers should collect at least 2 million ETH, and in seven months, bring the product to a “production stage”, that is, a test network that has been working for quite a long time without significant flaws and has passed a security audit, for at least two customers.

Recall that the founder of Messari, Ryan Selkis (Ryan Selkis), expects that the transition of Ethereum to the second version of the protocol will take place no earlier than 2021. In early May, Prestmatic Labs co-founder Preston Van Loon announced the public launch of a test network for Ethereum 2.0 – Sapphire – created on the basis of the Casper protocol with PoS consensus algorithm and support for stacking.

Publication date 18.06.2019
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Bitcoin exchange Poloniex has returned a flooding for traders

Due to numerous requests from users, the Bitcoin exchange Poloniex activated a general chat, better known as Trollbox. Ever since @circlepay, @poloniex, ours, “BRING BACK THE TROLLBOX.” Today, I'm happy to report that June 2019 “Since the purchase of Poloniex, the most frequent request has been to restore the fludilka. […]

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Due to numerous requests from users, the Bitcoin exchange Poloniex activated a general chat, better known as Trollbox.

“From the moment of purchase of Poloniex, the most frequent request was the requirement to restore the fludilka. I am happy to say that we did it , ”said CEO Circle Jeremy Allaire.

So, from now on, traders can again communicate on a wide range of topics without leaving the stock exchange, and moderators will use the legendary bans-hammers in case of violation of the rules.

Recall that Poloniex has to comply with strict US regulations. In May, she banned US users from trading the following tokens: ARDR, BCN, DCR, GAME, GAS, LSK, NXT, OMNI and REP.

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TradingView has found a bug that could have caused traders to lose money for five years.

Crypto traders suffered “incalculable” losses due to a bug on the analytical service TradingView. The existence of the problem drew the attention of a Twitter user under the nickname Cryptoteddybear. It’s a funky way to make it easier for people to use it. I don't care, i know i'm right. Here […]

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Crypto traders suffered “incalculable” losses due to a bug on the analytical service TradingView. The existence of the problem drew the attention of a Twitter user under the nickname Cryptoteddybear.

In particular, he noted that when using analytics tools for standard graphs, including Fibonacci levels, the service incorrectly displays some metrics. Such a failure, respectively, affects the results obtained during technical analysis based on the Elliott wave theory.

In response to the Cryptoteddybear entry, other traders also began to report a problem. And some revealed it a year ago.

It is noteworthy that the first error messages appeared more than five years ago on the getsatisfaction platform, but then they were ignored in TradingView.

Nevertheless, now the post Cryptoteddybear had an effect – after a while the service representatives responded to the trader, promising to sort out the situation.

However, the fact that the problem was ignored for such a long period of time, could lead to a lot of incorrect calculations and, consequently, the financial losses of many traders, according to observers. It is worth noting that, apparently, the problem has not yet been resolved, despite its recognition by the service.

Recall recently it became known that TradingView will add a cryptocurrency index, taking into account the news agenda and posts in social networks.

BlockchainJournal also reviewed the features of the service in a separate article .

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Name Price24H (%)
Bitcoin (BTC)
$9,174.00
0.44%
Ethereum (ETH)
$269.08
0.32%
XRP (XRP)
$0.434344
-0.75%
Bitcoin Cash (BCH)
$417.46
-0.20%
EOS (EOS)
$6.91
-0.35%
Stellar (XLM)
$0.125902
-0.74%
Litecoin (LTC)
$138.12
6.12%
Cardano (ADA)
$0.091289
1.35%
Tether (USDT)
$1.00
-0.17%
Monero (XMR)
$99.86
2.82%
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