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📈 Price Predictions
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Daily Price Prediction: Bitcoin Is Fighting for Each Resistance Level, Altcoins Are Following Their Own Patterns

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  • Denys Serhiichuk
    📈 Price Predictions

    Against the market depression, some coins are managing to show growth. Our price prediction suggest where to invest in making profit

Daily Price Prediction: Bitcoin Is Fighting for Each Resistance Level, Altcoins Are Following Their Own Patterns
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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.

ByBit
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Despite yesterday market drop, bulls are struggling to push bears aside, and they are succeeding in it to a certain extent. Mainly, the total market capitalization is about to come back on psychological level at $250 Bln.

Cryptocurrency market capitalization by CoinMarketCap

The BTC domination index has almost not changed since yesterday and now makes up 55.7%. However, against the market correction, some altcoins have recovered their positions faster than the top assets.

Today Bitcoin SV and Tron are the top gainers, while the biggest losers are Tezos and Ethereum Classic out of the top 10 coins.

The reason explaining the growth of Tron refers to its CEO Justin Sun, who paid $4,567,888 for the right to dine with the famous Bitcoin critic billionaire Warren Buffett.

Now, let’s get to the chart to analyze the technical scenario of the top coins.

BTC/USD

As we predicted, bulls are not going to 'relax' for a long time, and today buyers have accumulated their efforts and won back $400.

BTC/USD chart by TradingView

The increasing trading volume is another reason for a growth rate; the quotes were trading near their local maxima from May 31 until June 3, even though the volume was lower than today.

If we apply the сurrent market slew to the one that happened at the end of May, one can expect Bitcoin trading at $8,000 on June 9.

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Bitcoin Price Analysis for 2019: Will BTC Price Get Back to $20,000?

The price of BTC is trading at $7,833 at the time of writing.

ETH/USD

Yesterday Ethereum was almost copying the movement patterns of the leading cryptocurrency. Today it is performing even better, showing decline only by 0.9%. The fundamental background may be the reason for it - the global audit company Ernst & Young launched protocols for Ethereum and at the same time criticized the altcoin.

ETH/USD chart by TradingView

On the 1H chart, Ethereum was mostly dominated by bears since May 30; however, the current levels might be a good chance to buy deep.

The technical indicators confirm the growth even in the short-term; MACD is about to change the trend from bearish to bullish, and the trading volumes are also quite high. Taking into consideration these factors, Ethereum has all chances to reach $270 until mid-June.

The price of ETH is trading at $241.07 at the time of writing.

XRP/USD

Nothing has been changed since yesterday, and XRP remains the biggest loser; currently, the asset is losing more than 3% of its value. Besides, the general market dump, some fundamental factors also might affect the deeper correction. Particularly, Ripple unlocked 1 Bln XRP from an escrow valued at about $442 Mln.

XRP/USD chart by TradingView

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Ripple Price Analysis — Next Course Movements After a Bullish Jump

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In terms of the technical analysis, Ripple is dominated by bears; the RSI indicator is looking downwards, suggesting that sellers have not sold all their savings.

In this regard, the nearest support line where quotes might reach in the short-term scenario is $0.36.

The price of XRP is trading at $0.3943 at the time of writing.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and make predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others.

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One of Richest Bitcoin Addresses Holds $650 Mln Worth of BTC Stolen from Mt. Gox Exchange

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  • Alex Dovbnya
    📰 News

    One of the richest whales has never touched all 79,956 coins that were infamously stolen from Mt. Gox

One of Richest Bitcoin Addresses Holds $650 Mln Worth of BTC Stolen from Mt. Gox Exchange
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Casa CTO Jameson Lopp has noticed a tidbit in the most recent CoinMetrics report. It appears that the sixth richest Bitcoin address holds 79,956 BTC (approximately $650 mln at today's prices) that was stolen from the now-defunct Mt. Gox exchange.

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Bitcoin Price Rally in December 2017 Was Orchestrated by One Whale: Research

Bitcoin Price Rally in December 2017 Was Orchestrated by One Whale: Research

Ill-gotten coins

Notably, these coins have been touched since 2011 (the year they were stolen). It was either a very disciplined holder or someone who lost access to their private keys. CoinMetrics states that the latter is the most likely reason behind this eight-year silence.

One of the biggest security breaches in the history of crypto occurred on June 19, 2011. The hacker was able to artificially tank the Bitcoin price to just $0.01 by creating a mammoth-size ask order.       

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Bitcoin Whale Alert Reports: $214 Mln in BTC Moved Between Unknown Wallets

Bitcoin Whale Alert Reports: $214 Mln in BTC Moved Between Unknown Wallets

Mysterious whales

It might be one of the richest addresses considering that the fattest Bitcoin wallets actually belong to cryptocurrency exchanges that use them as a cold storage.

As reported by U.Today, there are plenty of the so-called "zombie addresses," which haven't seen a single transaction in more than 18 months.

One enormous Bitcoin wallet is believed to be in the hands of an anonymous Asian billionaire.    

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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