0
📈 Price Predictions
216 views

Bitcoin, Ethereum, Ripple, EOS, NEM Have New Targets On The Way Up, Price Analysis, July 25

  • Andrew Strogoff
    📈 Price Predictions

    Bitcoin and altcoins resume their upside tendencies, new tops on the way

Bitcoin, Ethereum, Ripple, EOS, NEM Have New Targets On The Way Up, Price Analysis, July 25
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Hello, my dear readers and subscribers! This is Andrew Strogoff again and we are going to make another interesting trip to the world of cryptos. The whole board of the top 20 is on its bullish run and my targets are very close to the current prices.

The crypto industry has positive moods in the moment of writing and I think traders and investors will preserve it for a while at least. I suppose that investors are sick and tired of plating the second role and now they have control over the market.

As for the news, I have some interesting data for you. First, I would like to introduce the opinion of Brian Kelly, famous CEO of BKCM. He thinks that Bitcoin is far from its midterm tops and is going to develop this upside tendency in the nearest future.

Another interesting news comes from McAfee. This famous ICO promoter decided to launch his own MacAfeeMarketCap.com website, which is going to compete with another famous website in this industry.

Bitcoin (BTC/USD) carries the whole crypto market upwards, price analysis, July 25

Let me start with Bitcoin. BTC/USD has added almost six percent in the past 24 hours and I am far from thinking that this cryptocurrency is going to sing Jim Morrison’s famous “The End.” However, I think that BTC/USD needs to visit a gas station before developing its uptrend.

btc

The currency pair has reached my targets on Tuesday and went even higher as BTC/USD reached $8,000 and overcame this level. Bitcoin is currently above $8,300. The currency pair failed to reach $8,560 resistance area.

I think that BTC/USD is going to start a downside correction currently to reach the support area at $8,193 first before going higher. My targets are set at $8,824. However, Bitcoin may be even more active in the next 24 hours and hit higher aims.

Ethereum (ETH/USD) still on the way to my targets, price analysis, July 25

Ethereum makes new gains and ETH price is going towards my targets finally. The correction was a bit deeper but I have indicated on the hammer bullish pattern yesterday and those who bought after it, could have profits as well.

image

Anyway, this downside correction is done finally and Ethereum is close to $500 again. The currency pair has broken through the resistance area at $473.39 on Tuesday. I have not changed my targets as ETH price still heads towards $500.36. I think that this aim is going to be reached on Wednesday-Thursday.

Are there other scenarios? I’m far from thinking that Ethereum is going to decline and start a downtrend. However, the price may correct towards the closest support area at $473.39 before reaching my target.

Ripple (XRP/USD) the rocket flies to my targets, July 25

Ripple is another gainer of Wednesday as the currency pair added almost four percent in the past 24 hours. As you may see, XRP/USD goes straight to my target and I think it is going to reach it in the next 24-48 hours. The uptrend is confirmed as the downside correction has ended already.

ripple

Ripple has reached its lows on Monday-Tuesday but then the currency pair went upwards and is currently trading above the support area at $0.4495. I think that XRP/USD has enough fuel to develop this upside progress and to reach the closest resistance area at $0.4744 at least on Wednesday.

My targets are even higher as I think Ripple will touch the resistance area at $0.5088 in the nearest future. The downside corrections are also possible, but I am far from thinking that they are going to be deep.

EOS (EOS/USD) The biggest gainer of the day, price analysis, July 25

EOS has added more than 10 percent in the past 24 hours. This is the best results of all the cryptos I analyze. I suppose the currency pair is likely to develop its uptrend in the nearest future. EOS/USD has enough gas to reach my targets.

eos

EOS has broken through the resistance area at $8.29 and I think the currency pair is likely to reach the closest resistance at $9.03 in the nearest future. However, my targets are even higher. I suppose that EOS/USD is likely to aim at the next resistance area at $9.56.

Can a downside correction happen? This scenario is also possible as EOS had a significant momentum in the past 24 hours. However, this correction (even if it happens) will not be deep.

NEM (XEM/USD) so far so good, price analysis, July 25

NEM has added almost five percent in the past 24 hours, but the currency pair is still far from reaching my targets. The downside correction is done and XEM/USD is likely to resume its uptrend in the next couple of days.

nem

XEM/USD is trading above the support area at $0.1729. The currency pair aims at the closest resistance area at $0.1883. I think this is the closest target for Wednesday. However, as you can see, my rocket is well above this level. I believe NEM is likely to go there in the nearest future.

The correction towards the support are at $0.1729 is also possible, but if it happens, it won’t be the trend breaker. Moreover, I think that this correction has only 10-20 percent of probability.

card

Only the most important posts per day. Infographics, analytics, reviews & summaries. Join our Telegram channel!

About the author

Andrew Strogoff is a skilled Forex trader and technical analyst from Limassol, Cyprus. He started cryptocurrency trading three years ago, and now is fond of blogging, swimming, cars, new technologies. Loyal blockchain adopter.

👓 Recommended articles
0
📰 News
376 views

Top Bitcoin Miner Warns – Bitcoin’s Privacy Features Are ‘Quite Poor’

  • Yuri Molchan
    📰 News

    The head of a major Bitcoin mining pool says that Bitcoin privacy is weak and must be improved to prevent BTC from avoiding governments’ clampdown

Top Bitcoin Miner Warns – Bitcoin’s Privacy Features Are ‘Quite Poor’
Cover image via www.123rf.com

The CEO of one of the largest BTC mining pools, Poolin, has recently stated in an interview that Bitcoin privacy has to be improved. The current privacy features make BTC vulnerable to potential regulatory bolt tightening, says he, as reported by Forbes.

The Poolin mining company was set up by several former employees of BTC.com – a world’s major mining pool, a subsidiary of Bitmain. Among them was the Poolin’s current CEO Kevin Pan.

“Bitcoin’s privacy features are quite poor”

Over the past years, developers have suggested several ways to improve Bitcoin’s privacy. However, those were rejected by the community, since they would hard such major things as security, scalability, etc.

A good example here is Confidential Transactions that were among those suggestions. They disguise the amount of BTC sent in transactions. However, the integration of it was rejected, since it could have had a negative impact on the public verifiability of the present BTC supply.

Kevin Pan says that privacy is much more vital for a crypto asset development than scalability. Pan says:

“There is no other big question if the privacy issue is solved.”

👉MUST READ

Ripple Dispels XRP FUD Allegations, Q3 Report Blames Twitter Bots

Ripple Dispels XRP FUD Allegations, Q3 Report Blames Twitter Bots

Governments may start controlling BTC miners

The company CEO believes that in theory, authorities or law-enforcement agencies may start telling miners to block certain address from receiving funds or sending them. However, in that case that would have to be 51 percent of the BTC network.

Pan believes that unless a solution to this problem is found soon, governments will get a chance to prevent transactions to certain addresses from happenning.

“What is more troublesome now is if government or law enforcement departments begin to create a blacklist of transaction addresses, it will make certain transactions unable to be packaged.”

“In fact, these can be done. But if there is privacy, you can't know who the address belongs to, and you can't determine how much the amount is, and there is no way to control the currency system. So for me, Bitcoin is basically no problem if the issue of privacy can be solved.”

👉MUST READ

Bitcoin Block Number 600,000 Was Mined — What Does It Mean for the Crypto Industry?

Bitcoin Block Number 600,000 Was Mined — What Does It Mean for the Crypto Industry?

China plans to clamp down on BTC miners

Previously, U.Today reported that Inner Mongolia, an autonomous region of China, plans to ban all the numerous mining pools located there soon.

Since this region is one of the biggest local crypto mining areas, some believe that China is about to ban mining of all cryptocurrencies ahead of the so-called ‘China Coin’ launch.

Do you think that poor Bitcoin’s privacy features could indeed bring down regulatory control over BTC one day? Feel free to share your view in the comments section!

Subscribe to U.Today on Twitter,and get involved in all top daily crypto news, stories and price predictions!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

👓 Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings