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Bitcoin, EOS, Ethereum, and Ripple’s XRP Daily Tech Analysis July 15th, 2020

Cryptocurrency news for today July 15

Cryptocurrency news for today July 15
CONTENT

  • Bitcoin does not respond to external stimuli

  • Altcoins gain independence from the first cryptocurrency

  • Bank of England confirms intent to issue digital coin

International consortium of news organizations developing transparency standards.

Bitcoin stuck tightly to the $ 9,200 mark and even the news that the G20 is considering regulating digital payments is not interested in it. While altcoins like Tezos or IOTA are preparing bullish breakouts and forming patterns, the first digital coin has been inactive for a day. How this “great sitting” will end is a rhetorical question. Meanwhile, news comes from the darknet that bitcoin is still popular there, and the Bank of England confirms its readiness to launch a digital currency..

Cryptocurrency news for today July 15

Altcoin Augur leaves behind two years of resistance

The weekly chart shows that REP has broken through the important resistance level has ₿0.0017. In the process of this breakout, the digital currency surpassed the 50-week moving average that had previously acted as resistance. Moreover, the weekly RSI has exceeded the 50 mark, which is a sign of a bullish trend. If quotes continue to develop an upward impulse, the next resistance should be expected at the levels ₿0.00325 and ₿0.005. More details

Bearish pattern signals the formation of an IOTA top

On June 4 and July 9, IOTA formed a double top pattern with the second high just above the first. This is a bearish pattern that signals an impending reversal. Moreover, the pattern is complemented by significant bearish divergence signals from the daily RSI, as well as numerous long upper wicks, which also indicates the presence of downward pressure. More details

The Darknet continues to turn over hundreds of millions of dollars in bitcoins

The Crystal Blockchain report presented on July 14 showed that by the end of the 1st quarter of 2020, the turnover of BTC and altcoins on the darknet increased significantly in dollar terms. In their study, experts used the values ​​of the volume of bitcoins entering and exiting the darknet, comparing them with indicators for the same quarter of previous years. It is noteworthy that the number of bitcoins itself has decreased, but the growth in the rate of this cryptocurrency led to an increase in its dollar value by 65%. In addition, the growth in popularity of altcoins also affected the reduction in the number of BTC. More details

Tezos prepares for a new bullish breakout attempt

Cryptocurrency news for today July 15

Tezos (XTZ) began to rise on March 13 and eventually reached a maximum of $ 3.13 on June 2. In the process of establishing the maximum, the price tested the resistance area of ​​$ 3.05, from which it had already rebounded earlier on April 30. After that, the pair began to decline at the rate dictated by the line of descending resistance. However, on July 5, the market bounced off the $ 2.3 support area, reinforced by the 200-day moving average (MA), and began to rally, which eventually led to a breakout of the aforementioned downward resistance line. The price reached the resistance area of ​​$ 3.05 but pulled back again. More details

Bitcoin Forms Bull Hammer Above Key MA

Bitcoin’s Key Support Area (BTC) is at $ 9250. This area played a support role from June 8 to June 22, after which the market made a bearish breakout, turning it into resistance. However, on July 6, the price again broke above this level, and it became support again. Now trading has moved slightly below this area again, however, price action relative to the 50-day moving average (MA) remains bullish. The bitcoin rate formed five long lower wicks under this MA on the chart, and in the latter case, we are talking about the “bull hammer” pattern. All this indicates upward pressure and promises the pair growth. More details

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