Connect with us

Uncategorized

Binance coin price analysis: Bulls sit on the fence as price action sluggish below $402

Published

on

TL;DR Breakdown

  • Red candlestick are ruling this week’s price chart.
  • Resistance level is found at $402.27.
  • Binance coin price analysis shows support at $379.26.

binance-coin-price-analysis-2021-08-15″>The latest update regarding the Binance coin price analysis shows a gradual decline in the price levels. The cryptocurrency is making efforts towards breaking the resistance and cross the price barrier at $402.276. Over the past 48 hours, bullish momentum has been detected here and there, with price fluctuation. Yet, the bears continue to rule without letting the price recover above $420.553.

Binance coin price analysis shows major decline at $402.76

The 4-hours Binance coin price analysis is showing a relatively bearish momentum today. The price levels continue to fall as the short-term trending line is going in the downward direction. The Bollinger bands are narrowing down that may be a good sign for the cryptocurrency market. Their average is set at $300.908, with their upper strand present at the $420.553 price level while the lower strand is at $379.36. Also, it seems that the SMA 20 will soon go below SMA 50, which is also a bearish indication.

Binance coin price analysis: Bulls sit on the fence as price action sluggish below $402 1
BNB/USD 4-hours price chart. Source: TradingView

The moving average tells us about the collective average as calculated during the past week, at $406.63. The Relative Strength Index (RSI) score is at 55.53, which is a very neutral figure, and surprising trends can be expected in the future.

1-day Binance coin chart: Downward price movement dominates

The 24-hours progress on the BNB/USD price analysis chart is proving favorable for the bears with a resistance of $402.27. The volatility is increasing for the bearish momentum, and the future price trends can be similar. The statistics reveal that the moving average (MA) is showing us a value of $380.56, while the Bollinger bands are at an average of $351.35.

Binance coin price analysis: Bulls sit on the fence as price action sluggish below $402 2
BNB/USD 1-day price chart. Source: TradingView

On the other hand, the RSI score is hitting the over-bought mark with a value of 70.54, as there have been bullish comebacks during the past week. Lastly, the mentioned values of Bollinger bands are as such; the lower value is $287.6, whereas the upper value is $414.73, as extracted from the chart.

Binance coin price analysis: Bulls sit on the fence as price action sluggish below $402 3
BNB/USD technical indicators chart. Source: TradingView

Today’s market has shown a strong battle between the buyers and the sellers, with both combating to take over the market. The summary reveals a buying momentum, with five selling indicators, seven neutral, and a total of 14 as the buying indicators. If we move on and talk about the Moving Averages indicators, then it shows the following figures; thirteen indicators are at buying position, one indicator stands neutral while the remaining indicator is at the selling position.

The BNB/USD technical indicators chart is also telling us the trends of oscillators today. There is a strong selling momentum, with more sellers approaching the market and selling assets to cover their losses. According to the latest analysis, four oscillators are in the selling state, six at the neutral, while only one oscillator is in the buying state.

Conclusion – Bulls await clear buy signals

The overall trends observed in today’s market have favored the sellers who are the dominating participants. The resistance value is gradually declining and may proceed to go lower than today’s price, i.e., $402.27. If the current uptrends follow, then there is an adequate possibility that the support levels will go even below $287.58. But if the bulls succeed in taking the lead, then the resistance level can be crossed, and a new high can be achieved above $414.73.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

PlatoAi. Web3 Reimagined. Data Inteligence Amplifed.
Click here for Free Trial.

Source: https://www.cryptopolitan.com/binance-coin-price-analysis-2021-08-15/

Uncategorized

Russian central bank announces to take action against ‘suspicious’ crypto activities.

Published

on

By

According to local reports, the central bank of Russia is planning to take steps to throttle the rise in crypto trading activity in the country, including blocking some digital currency purchases, in a bid to tackle suspicious activity. The Bank of Russia has begun working closely with local banks to identify potentially suspicious crypto payments, instructing them to halt payments sent to digital currency exchanges to prevent “emotional” bitcoin purchases. 

The new measures are designed to offer more protection to unsuspecting investors. 

First Deputy Governor of the Bank of Russia Sergey Shvetsov said the measures were designed to offer more protection to unsuspecting investors, highlighting the risks of digital currency market “crashes to zero” and the impact this can have on investors. It comes following a previous directive from the central bank for banks to pay more attention to certain types of transactions, including those involving crypto exchanges and other digital asset services. The central bank has demanded local banks to block the accounts of some customers and block credit cards and e-wallets suspected of being involved in dubious transactions. 

The new proposals are being brought forward to curb the illegal uses of crypto.

More than ten different recipient payers per day or greater than 50 per month should be subject to the increased scrutiny. Other criteria include that individuals with an average balance of less than 10% of their daily transaction volumes should be flagged for a week. The new proposals are being brought forward to curb illegal uses of cryptocurrency, with the Bank of Russia identifying this as a growing problem within Russia. In particular, the use of bank cards and e-wallets issued to often fake IDs are suspected of involvement in a number of financial and other crimes within the country.

PlatoAi. Web3 Reimagined. Data Inteligence Amplifed.
Click here for Free Trial.

Source: https://coinnounce.com/russian-central-bank-announces-to-take-action-against-suspicious-crypto-activities/

Continue Reading

Uncategorized

What Did Jordan Peterson And Maxime Bernier Say About Bitcoin And The Austrians?

Published

on

By

The Bitcoinization of Jordan Peterson is a go. The famed psychologist and media personality had a Canadian politician as a guest in his podcast and couldn’t help but touch on the subject. And Maxime Bernier was right there with him, which lead to a brief discussion about Austrian Economics. Even though both Peterson and Bernier are controversial figures, they’re as mainstream as it gets. This isn’t Bitcoiners preaching to the choir.

Related Reading | That JPMorgan Report On El Salvador Doesn’t Even Mention The Lightning Network

As if he was walking through a minefield, Jordan Peterson approached the subject carefully and in a non-comital way:

“The cryptocurrency types. You know? The people who’re pushing Bitcoin in particular, make the extraordinarily radical claim that it would be better for everyone if the entire business of money was taken out of the hands of government permanently. And that’s essentially what Bitcoin allows. At least at the present time.”

Surprisingly for everyone not familiar with the politician, Maxime Bernier agrees and flashes his Austrian Economics credentials. Peterson follows the bread crumbs and asks him about that, Bernier answers:

“I believe, yes. The cycles that we have, the ups and downs in the economy, is because of the Central Bank. Money is everywhere, and if you create too much money out of thin air, you’ll have inflation. And distortion in the economy. And the boom and bust that we have. So, I 100% agree with Mises, Rothbard, Hayek, and these economists.”

For more information and Austrian Economics’ concepts, check The Bitcoinist Book Club’s analysis of “The Bitcoin Standard.”

BTCUSD price chart for 09/18/2021 - TradingView

BTC price chart for 09/18/2021 on FTX | Source: BTC/USD on TradingView.com

So, Who’s Maxime Bernier?

In the video’s information box, Jordan Peterson ’s team informs:

“In this episode, Dr. Peterson is joined by the Honorable Maxime Bernier, leader of the People’s Party of Canada (PPC), former MP of Beauce (2006-2019) and candidate for the Prime ministership of Canada.”

In 2017, Maxime Bernier tried to win the head of the Conservative Party. He failed. The next year, they removed him from the Official Opposition shadow cabinet. Later that year, he founded the People’s Party of Canada. In 2019, the novel party didn’t do so well, but, cut to 2021 and the People’s Party of Canada is suddenly on everyone’s radar.

The National Post explains the main reason:

“With protests against COVID-19 public-health measures growing, Bernier has tapped into a deep well of resentment about the way Canadians have had to live for the past 18 months, and fears about what the next months will look like.”

Apparently, the People’s Party of Canada is en route to get 6% in the next  Canadian elections. If it happens, they’ll become one of the major political forces in the country. The Washington Post explains the situation:

“Six percent is not an impressive figure unto itself, and it’s likely the party will not win a single parliamentary seat. Yet the Green Party won zero seats and 4.3 percent of the popular vote in the 2004 general election and was nevertheless swiftly institutionalized by the media. Proclaimed one of Canada’s “major parties.”

What Does Jordan Peterson Think About Bitcoin?

The Canadian psychologist learned from the best. He had four of the brightest minds in the Bitcoin space explaining everything to him, and he got most of it on the first try. We at Bitcoinist broke down the episode, took notes, and transformed them into this analysis: Part 1, Part 2. The most amazing quote was this one:

Related Reading | Bitcoin Gains Steam With U.S. Politicians, Will It Become A National Movement?

After listening carefully, Peterson synthesizes those ideas in a quote for the ages. “Whatever energy is expended in the production of Bitcoin and the maintenance of the system should be more than recouped by the increased efficiency of every system that uses Bitcoin as a transactional device.” Boom! If we take that into account, “There’ll be a net energy gain and not a net energy loss if you calculated it across the entire system.”

That conversation sparked the Maxime Bernier one. One of Canada’s biggest stars talking about Bitcoin in good light with a major political candidate. Who would’ve thought?

Featured Image: Screenshot from the video | Charts by TradingView

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://bitcoinist.com/what-did-jordan-peterson-and-maxime-bernier-say-about-bitcoin-and-the-austrians/?utm_source=rss&utm_medium=rss&utm_campaign=what-did-jordan-peterson-and-maxime-bernier-say-about-bitcoin-and-the-austrians

Continue Reading

Uncategorized

SkyBridge’s Anthony Scaramucci believes bitcoin could become the global reserve currency.

Published

on

By

The American financier SkyBridge Capital’s CEO Anthony Scaramucci believes that bitcoin is a monetary standard that could one day become a global reserve currency. During an interview with Natalie Brunell, the Founder and Managing Partner of SkyBridge Capital – Anthony Scaramucci – shared his stance on bitcoin’s merits and its future development. He explained the volatile nature of the cryptocurrency with the fact that it is still in its early adoption days.

“Bitcoin is volatile because it is in its early adoption stage.”

SkyBridge Capital’s CEO reminded that the e-commerce giant is now one of the leading companies, hinting that the primary cryptocurrency is also heading in that direction. The top executive scratched the topic of BTC’s volatility, saying that this is something normal for a relatively new asset class and compared it to Amazon. He said, “Bitcoin is volatile because it is in its early adoption stage. Amazon had the same volatile curve 24 years ago. But if you have put $10,000 on Amazon at its IPO, you would have $21 million today.”

Scaramucci further added that bitcoin is not only a currency. 

Scaramucci further added that bitcoin is not only a currency. It is actually an effective financial network and a monetary standard. According to him, the asset’s most significant advantage is its decentralization, “Bitcoin is decentralized. And financial instruments work better when you put power in peoples’ hands rather than when the government is in charge.” Despite praising the original cryptocurrency as a highly successful financial instrument, Scaramucci said his support is not only for it. He sees merit in other cryptocurrencies as well, including the second-largest – Ethereum. He also urged people to learn more about the cryptocurrency space. 

PlatoAi. Web3 Reimagined. Data Inteligence Amplifed.
Click here for Free Trial.

Source: https://coinnounce.com/scaramucci-believes-bitcoin-could-become-the-global-reserve-currency/

Continue Reading
Uncategorized5 days ago

All Ironworks Hand vendor locations in Final Fantasy XIV from A Nocturne For Heroes event

Uncategorized5 days ago

HKEX Recruits Anthony Crampton as Its New Managing Director

Blockchain3 days ago

Gate.io Introduces OpenPunks, A Community-Based NFT Collection

Uncategorized2 days ago

Swissquote Confirms European Expansion Plan, Focusing on Crypto

Uncategorized5 days ago

APENFT and Tpunks Enter a Strategic Partnership With the Launch of the NFT Avatar Sale Event on the Binance NFT Platform

Uncategorized4 days ago

Natus Vincere wins ESL Pro League Season 14

Uncategorized3 days ago

Wicked Craniums are now Nifty Gateway!

Uncategorized2 days ago

Head of Australian Crypto Exchange Says Regulations Are Beneficial

Blockchain2 days ago

Massive NFT and Token Giveaway from Polker as Staking is Announced!

News1 day ago

Gods Unchained and Guild of Guardians Layer 2 Solution Immutable Raises $60 Million

Uncategorized2 days ago

Acorns Hires Former Amazon Executive as President, Hints at Crypto Options

Uncategorized2 days ago

Nickelodeon All-Star Brawl will include DLC fighters post-launch

Blockchain5 days ago

Ethereum DeFi Project Development Blasting Higher, But Regulatory Concerns Linger

Uncategorized3 days ago

Investor: Coinbase’s $2 billion junk bond deal shows crypto ‘supercycle’ is in place

Blockchain2 days ago

Biggest Crypto Adoption Rumours: Apple, Amazon, and Walmart

Blockchain2 days ago

Public.com Inks Deal with NFL Star to Advise on Financial Literacy Programs

Blockchain2 days ago

The Signal and the Noise

Uncategorized2 days ago

Bingbon Launches its Carbon Free and Afforestation Project

Blockchain4 days ago

This is how NFT mania pumped Litecoin, MATIC, and other alts

News3 days ago

Evaluating Credit Card Debt Relief Options

Trending