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Bitcoin (Btc) Price Prediction: Btc/USD Breaches Crucial Resistance Levels, Pauses Above $63,000 High

Bitcoin (BTC) Price Prediction – April 13, 2021From every indication, Bitcoin bulls have broken the resistance at $60,000 and $61,800. The price surge has continued […]

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Bitcoin (BTC) Price Prediction – April 13, 2021
From every indication, Bitcoin bulls have broken the resistance at $60,000 and $61,800. The price surge has continued above the $63,000 high. This current price movement has a target price of $65,000 high. Buyers will continue the upside momentum after booking profits above the $65,000 high.

Resistance Levels: $58,000, $59,000, $60,000
Support Levels: $40,000, $39,000, $38,000

BTC/USD – Daily Chart

The breaking of the resistance levels has been dramatic since February 21. Firstly, BTC/USD rebounded above the $58,000 support and the bullish momentum propel price to break the $60,000 high. The same bullish momentum retested the $61,000 high but pulled above the $60,000 support. Nonetheless, buyers retested the $61,000 overhead resistance thrice on April 10, 12, and 13 before sellers were overcome. BTC price now has accelerated price movement to resume the upside momentum. Today, Bitcoin is trading at $63,476 at the time of writing. Presently, Bitcoin is fluctuating below $63,500 resistance.

Bitcoin (BTC) Indicator Reading
The king coin is at level 66 of the Relative Strength index period14. It indicates that Bitcoin is approaching the overbought region of the market. Bitcoin is presently above the 80% range of the daily stochastic. It indicates also price is in the overbought region of the market.

BTC/USD – Daily Chart

Bitcoin has resumed upside momentum as price breaks the crucial resistance levels. The Fibonacci tool also indicated an upward movement of the coin. Meanwhile, on April 2 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement implies that Bitcoin will rise to level 1.618 Fibonacci extension or the high of $65,768.70. From the price action, the BTC price is fluctuating below and above $63,000 high.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://insidebitcoins.com/news/bitcoin-btc-price-prediction-btc-usd-breaches-crucial-resistance-levels-pauses-above-63000-high

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Ripple Price Prediction: XRP/USD Consolidates Around $1.35

Ripple Price Prediction – May 12 The Ripple price is down by 7.54% in the last 24 hours as the value has gone below $1.55. […]

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Ripple Price Prediction – May 12

The Ripple price is down by 7.54% in the last 24 hours as the value has gone below $1.55.

XRP/USD Market

Key Levels:

Resistance levels: $2.0, $2.2, $2.4

Support levels: $1.0, $0.8, $0.6

XRPUSD – Daily Chart

During the European session today, XRP/USD has gone up from $1.48 to $1.55 before giving a bearish signal and drops the price down below the $1.35, the Ripple price is also floating within the 9-day and 21-day moving averages as the technical indicator RSI (14) moves below 50-level. Meanwhile, a break below the 9-day and 21-day moving averages could allow the market to dig dip, but moving back above the 9-day MA might lead the market to a bullish scenario.

Ripple Price Prediction: Where is Ripple Price Going Next?

At the moment, the Ripple price has continued to demonstrate a sign of weakness across its markets. According to the daily chart, XRP/USD is currently reflecting a price drop in the market and the fall might become heavy if the bearish action continues.

Therefore, since XRP/USD is moving sideways on the short-term outlook, traders can expect the trend to keep advancing higher if the price actions still remain inside the channel. A break above the 9-day and 21-day moving averages could strengthen bulls and push the price to the resistance levels of $2.0, $2.2, and $2.4, or a channel breakdown might lead the market in a bearish scenario if the price continues to fades and the closest supports to keep eye on are $1.0, $0.8, and critically $0.6.

When compares with Bitcoin, XRP trades within the 9-day and 21-day moving averages, actually, the price action has remained intact within the channel. If the selling pressure continues, the Ripple price variation may create a new low. At the moment, the signal line of the Relative Strength Index (14) is moving below 55-level; the market may experience an additional negative move if the RSI (14) slides below 50-level.

XRPBTC – Daily Chart

Furthermore, XRP/BTC hovers at 2564 SAT which is around the 21-day MA. Any further drop below this barrier may hit the close support at 2300 SAT before breaking to 2100 SAT and below. Meanwhile, should in case a bullish movement occurs and validates a break above the 9-day MA; traders can confirm a bull-run for the market, and the nearest resistance levels are located at 3200 SAT and above.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://insidebitcoins.com/news/ripple-price-prediction-xrp-usd-consolidates-in-a-flag-formation-below-1-35

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European Union Country Plans 50% Crypto Tax Cut to Attract Billions

The lawmakers in Hungary are planning to cut down crypto tax by 50% on the capital gains with an aim to attract billions to its budget.

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The lawmakers in Hungary are planning to cut down taxes by 50% on the capital gains on crypto with an aim to attract billions to its budget most probably by 2022. As announced by Mihály Varga, the Economy Minister of Hungary, the tax on crypto earnings is going to be slashed to 15% in 2022, which is almost half of the present rate, 30.5%.

Crypto Investors in Hungary to be Offered Major Tax Break Soon

The lawmakers of the country are looking forward to making Hungary become more competitive in the period of the COVID-19 pandemic. The recent move of a crypto tax cut by lawmakers of Hungary is expected to attract billions of Hungarian forints to the budget of the country.

Gabor Gurbacs of VanEck has recently released a comment stating that Hungary is buckling up to be the Wyoming of Europe, comparing it to the most crypto-friendly state of the United States.

Mihály Varga mentioned the stimulus program of the government through the year 2022, in a video that appeared on Facebook on Tuesday.

This move was addressed as a part of the COVID-19 relief efforts as the lawmakers of Hungary are considering a crypto tax cut to 15% of the capital gains, which is down from the current rate of 30.5%.

European Union Country in Preliminary Discussions Surrounding a CBDC

In the month of August 2020, a representative from the Hungarian National Bank joined a preliminary discussion regarding a Central Bank Digital Currency (CBDC). The discussion was with colleagues from the Swiss National Bank, the Bank of England, and others in the discussion of the potential rollout of the Central Bank Digital Currencies in the near future.

In addition to this, it should be noted that Hungary is not the only European country that has introduced tax-based incentives for the owners of cryptocurrencies in their country. Portugal, for instance, does not require its customers to pay any taxes at all provided that they are not engaged in any kind of professional trading.

READ  Craig Wright Refuse Moving 50 BTC, Now In Catch-22 Situation

#CBDC #Crypto Tax Cut #Hungary #Mihály Varga

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/european-union-country-plans-50-crypto-tax-cut-to-attract-billions

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Litecoin, Tezos, Uniswap Price Analysis: 12 May

Bitcoin’s consolidatory movement within its tight price band didn’t stop the crypto-market’s altcoins from registering some degree of volatility on the charts. In fact, while BTC, again, was valued at

The post Litecoin, Tezos, Uniswap Price Analysis: 12 May appeared first on AMBCrypto.

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Bitcoin’s consolidatory movement within its tight price band didn’t stop the crypto-market’s altcoins from registering some degree of volatility on the charts. In fact, while BTC, again, was valued at just over $57,000 at press time, the likes of Litecoin, Tezos, and Uniswap, were noting significant movements in both directions.

Litecoin [LTC]

Source: LTC/USD on TradingView

Litecoin, the cryptocurrency popularly dubbed the silver to Bitcoin’s gold, has had a bullish price trajectory since it recovered from the market-wide depreciation in the latter half of April. In fact, such has been the scale of LTC’s uptrend that the alt climbed by 46% in less than 10 days. In fact, at the time of writing, the alt was valued at $392, just below its ATH of $410 which it hit a few days ago.

The aforementioned uptick was accompanied by a sharp spike in trading volumes too, with the same allowing the crypto to touch greater heights.

The said bullishness was underlined by the alt’s technical indicators as Parabolic SAR’s dotted markers were well under the price candles, while Awesome Oscillator’s histogram pictured surging market momentum.

LTC’s latest performances have heightened expectations for its price in the long-term, with some analysts claiming that the alt might follow ETH’s trend to go as high as $1000 even.

Tezos [XTZ]

Source: XTZ/USD on TradingView

It was uncertain times for Tezos, at the time of writing, with the cryptocurrency recording corrections on the back of yet another market hike that exhausted itself too quickly. The latest depreciation in price was ins sharp contrast to XTZ’s fortunes earlier in the week, with the alt climbing by 37% in just 48 hours.

While market dynamics, despite corrections, remains largely bullish, the crypto’s indicators might soon see some bearishness creeping in.

While the mouth of Bollinger Bands was widening somewhat to make way for some incoming volatility, MACD was still holding above the Signal line. It’s worth noting, however, that a bearish crossover on the latter had become a distinct possibility.

According to a recent analysis, investing in Tezos might have its upsides at this time.

Uniswap [UNI]

Source: UNI/USD on TradingView

Compared to Litecoin and Tezos, Uniswap’s price action shared a closer resemblance to Bitcoin, the world’s largest cryptocurrency. Like BTC, UNI too has been rangebound for the past week or so, with the aforementioned period seeing the alt drop by over 15.5% before recovering once again.

At the time of writing, UNI wasn’t far from its ATH level. However, its price action was missing the bullish momentum the likes of Litecoin were recording.

Even so, the alt’s indicators gave positive signs. Both Relative Strength Index and Chaikin Money Flow noted sharp spikes following UNI’s latest recovery efforts, fueling expectations of a breakout on the price charts soon.

With Uniswap V3 mainnet being launched just a few days ago, it would seem that the same hasn’t been priced in yet.


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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/litecoin-tezos-uniswap-price-analysis-12-may

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