BITCOIN

Ethereum found support near $1,760 and corrected higher against the US Dollar. ETH is now facing a major resistance near $1,850 and $1,880. Ethereum is slowly moving higher and trading above $1,800. The price is now trading below $1,880 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,905 on the hourly chart of ETH/USD (data feed via Kraken). The pair might start a fresh decline unless there is a clear move above $1,880 and $1,920. Ethereum Price Faces Resistance Ethereum extended decline below the $1,850 support zone. It even spiked below the $1,800 before the bulls appeared near the $1,760 zone. A low was formed near $1,762 and the price started a recovery wave. The price climbed above the $1,800 resistance level. Ether price even moved above the 23.6% Fib retracement level of the downward move from the $2,015 swing high to $1,762 low. However, the bears are currently protecting more gains above the $1,850 level. I...

Venture capitalist Tim Draper has doubled down on his bitcoin price prediction of $250,000 by the end of this year or early next year. However, he explained why he expects the price of the cryptocurrency to soar past his estimate. Tim Draper’s Bitcoin Price Prediction Venture capitalist Tim Draper has doubled down on his $250K bitcoin price prediction . In a recent interview with Scott Melker, aka the Wolf of All Streets, Draper was asked if he still believes the price of bitcoin would reach $250K this year. He replied: Yeah, by the end of this year or early next year. Draper further explained why he believes the price of BTC will surpass his prediction. “One thing that will possibly likely happen — and I don’t know exactly when — is that the women will start using bitcoin,” he described. The venture capitalist noted that previously only one in 14 bitcoin holders were women. “Now, it’s something like one in six and I think it will eventually be even,” he said. A survey in Ma...