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[NEWS BLOG]: Bitcoin Vulnerable To A Nasty Drop Unless It Claims $7K

Bitcoin Facing Hurdles

In the past few sessions, bitcoin remained well bid above the $6,400 support area against the US Dollar. BTC price even climbed above the $6,800 resistance and settled above the 100 hourly simple moving average.

However, the bulls seem to be struggling near the $7,000 resistance area. There is likely a double top pattern forming with resistance near $7,000. The last swing high was formed near $6,989 before the price corrected lower.

There was a break below the 23.6% Fib retracement level of the main rise from the $5,750 swing low to $6,989 high. On the downside, the - read more.


OTHER RELATED NEWS

Israeli Startup Creates Offline Crypto Wallet with Online Connectivity

Israeli startup GK8 unveiled a cold-storage crypto wallet with on-network transfer capabilities, the company said.

GK8’s technology removes many of the dangers internet-accessible crypto wallets face – hacks, attacks, unexplained losses — while preserving their more convenient features, such as sending and receiving digital assets.

In an interview, GK8’s co-founder Lior Lamesh told CoinDesk that a “unidirectional connection” links its wallet directly to the blockchain, where it transfers assets as conventional wallets do. GK8’s one-way signaling does not itself operate on the internet.

GK8 says its techniques “bypass core assumptions related to cryptocurrency transfers and eliminate attack vectors to any asset transfer.”

- read more.

Ripple (XRP) Is Primed To Correct Higher Despite Recent Sell-off

Ripple remained in a major downtrend from well above the $0.2650 level against the US Dollar. XRP price tested the $0.2240 support area and it could correct higher in the short term.

  • Ripple price is down close to 6% and it broke the $0.2350 support area against the US dollar.
  • The price tested the $0.2240 support area and it is currently consolidating losses.
  • There is a contracting triangle forming with resistance near $0.2300 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The price must climb above the $0.2300 level to start a recovery towards the - read more.

Crypto Community Trolls Ethereum For Not Getting Its Own Emoji

The crypto community on Twitter has united once again in an epic troll, this time aimed at Ethereum. What began as a simple question as to why the second-largest cryptocurrency doesn’t have its own emoji turned into a hilarious movement that says the network is best described with the internet’s beloved poop emoji.

"A Serious Enquiry About Emojis Turns Into an Epic Troll"

The crypto community has never been one that turns away from a good troll, which is exactly what ensued after some unsuspecting members of the Ethereum community raised the question of emojis.

Namely, the recent addition of - read more.

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