Is Bitcoin Ready to Retest $8,000 as the Whole Market Is Green Today?

Is Bitcoin Ready to Retest $8,000 as the Whole Market Is Green Today?
On Wednesday, Bitcoin jumped 9.92% from the day low of $7,080 to $7,775 during only 5 hours of the trade. However, at the end of the day, the price closed at $7,199. The Bitcoin price seems to be slowing down every time it meets resistance at $7,800 and cannot set a higher high above $8,000. Traders can see that the highest volume happened when the prices were $8,040 and $7,850. However, since prices started to drop as soon as they reached those heights, it can be presumed that the next bull move will need stronger and sustained volume to surpass this zone.
For now, Bitcoin seems to be caught below the long term descending trendline and since June 27, there is a clear view of the currency going towards the trendline but rejecting and falling creating a new phase of lower highs.
This is not a great time for perma-bulls who believe that every large price drop means also the bottom and therefore a chance for opening a low leveraged low position. However, this kind of behavior will eventually lead to liquidation, red accounts or even bankruptcy in most severe cases.
On the other hand, those who look upon both sides of Bitcoin’s price movement can realize that the current downfall trend to the lower trendline of the descending channel results with a severe oversold jump that climaxes with only a brush against the main descending trendline where traders will open their short positions which will go back down to lower trendline.
According to data from Skew Markets, Wednesday’s jump dissolved approximately $60 million in BitMEX leveraged positions.
Meanwhile, news of the week that might weigh on investor sentiment were few. The first one involves U.S. President Donald Trump saying the U.S.-China trade deal might have to wait after the 2020 elections. The second one goes to the crypto Twitter chatter that Bakkt’s Bitcoin futures contracts are only 37% backed by Bitcoin and not 100% as it was previously planned. The third thing is also connected to Bakkt, precisely to its CEO Kelly Loeffler who announced her departure in order to serve as a United States Senator representing the state of Georgia.
Even though some are suggesting that Loeffler could advocate for crypto-supportive legislation from her new position as a senator, there is also some serious doubt that it will be so. As a loyal Republican and Trump fan, she will probably do as ordered from the White House when it comes to cryptocurrencies.
Be it as it may, the Crypto Fear & Greed Index reading is back to “Extreme Fear.” Because investors are recognizing the indicator as a counter trading signal, some will look at Bitcoin’s current price action as another chance to assemble or at least open long positions. Investors who are not so much fond of risk will most probably interpret the reading as a new warning that Bitcoin price could fall to new multi-month lows if it fails to hold $7,000.
Today, Bitcoin opened on $7,393 is sitting at $7,357 falling by 0.5% at the time of writing. Over the last few days, the moving average convergence divergence (MACD) indicator which demonstrated the relationship between two moving averages of a BTC’s price, managed a bull cross. However, traders want to see more volume and range in Bitcoin’s price action.
The VPVR indicator currently shows that price could run towards $8,000 if bulls can press the price above $7,400. On the other hand, a drop below $7,080 could see the price drop to $6,800 and if buyers fail to buy then, the price could fall as far as $6,524. If bulls ignore this level as well, then $5,250 is likely to be the next target.
Is Bitcoin Ready to Retest $8,000 as the Whole Market Is Green Today?

European Union Makes Its Position on Global Stablecoins Clear

European Union Makes Its Position on Global Stablecoins Clear
The European Union has finally made its position clear on the issue of global stablecoins being deployed and used within its borders. The Council and the Commission explained their position in a joint statement. While the authorities acknowledged the importance of technological innovations which can be of great advantage to the financial sector, they also acknowledged the problems and risks that come from such an arrangement. They include money laundering, cybersecurity, privacy consumer protection, market integrity, operational resilience, etc. All these problems, according to the authorities, are going to increase in tandem with the rise in the use of the stablecoins. 
It is also indicated that the rise of stablecoins presents new risks such as monetary policy, monetary sovereignty, financial stability, the safety and efficiency of payment systems, and fair competition. These are principal problems that are going to arise from the adoption of such global stablecoins in the European Union.
The Council of the European Union and the European Commission further went on to affirm their position and the position of other organizations and nations within the G7 working group on cryptocurrencies indicating that “projects and arrangements should not come into operation until all of these risks and concerns are properly addressed”.
This raises the bar substantially for these global stablecoins as the European Union has been known to have created one of the most complex and complicated frameworks as far as rules and regulations regarding technology are concerned. This has been born out of the need for the EU to protect the citizens of its member states as well. 
There should be legal clarity about the status of global stablecoins. The statement reads that further information is needed on how to create and implement regulatory frameworks that can deal with the operations of global stablecoins within the European Union.
The authorities also called for the creation of an evidence base that can serve as the basis for a common response within the European Union which will involve all the relevant organs of state that include all monetary supervisory authorities at state level, the European Central Bank (ECB) and central banks of the various nation-states within the EU.
The statement reads:
“In view of the above, the Council and the Commission state that no global “stablecoin” arrangement should begin operation in the European Union until the legal, regulatory and oversight challenges and risks have been adequately identified and addressed”.
This, of course, indicates that global stablecoins such as Facebook’s Libra have one big hurdle in front of them as the European Union has put forward an official position which we all have to abide by due to the significance of the EU itself as a bloc. We all remember the EU’s GDPR rules and how they were foisted on all of us. The same thing has come to stay within the crypto space. As for the net result? That remains yet to be seen as decentralized technologies tend not to follow the trends that centralized technologies follow and it will be interesting to see how this plays out.
European Union Makes Its Position on Global Stablecoins Clear

Citi Says Stocks in 2020 will Perform Much Brighter than Many Expect

Citi Says Stocks in 2020 will Perform Much Brighter than Many Expect
As 2019 draws to a close, many analysts and other players in all of the world’s different markets, are taking a hard look at the last eleven months and trying to make a forecast for 2020. All the ups and downs with stocks and investments that have happened in one year are usually used as base points to form a prediction for the following year. While things have not been exactly terrible in 2019, American multinational investment bank and financial services giant Citigroup Inc. has predicted a better-than-expected market for 2020.
In a recently published outlook report titled “Staying Positive in a Negative (Yielding) World”, the company believes that there will be increased growth in 2020. The report reads:
“Citi Private Bank is confident that 2020 will be brighter than many expect. We believe that global growth will surprise positively, feeding through into modest corporate earnings growth.”
While there are still many who believe that the threat of an economic recession is very real and somewhat inevitable, Citi Private Bank does not agree. According to the bank’s chief investment officer David Bailin, the events that have trailed 2019’s politics and trade atmosphere has caused a lot of discomfort among clients and is slowly spreading. However, Bailin says that “when you look at the economy you see facts are completely different than that.”
Citi’s forecast says that there will be an increase in expansion as well as corporate earnings all over the world from next year. It suggests that all things being equal, especially if things don’t get any worse than the status quo, the increase will hit 7% and probably soar higher. The bank also puts equity returns for many of the world’s markets up to 7% as well.
Speaking about the increase, Bailin says that there was a general expectation that there would be a severe crash in the manufacturing sector. Recent reports show that manufacturing indexes did drop, but according to Bailin, there was still recorded expansion. He believes:
“Manufacturers both for consumer goods and industrial goods were expecting a downturn that never happened. Between the consumer staying strong and the Federal Reserve and other central banks being accommodative, there was success in extending an already-long expansion.”
Generally, Bailin hopes that the report will do a lot to encourage people who might already be downcast about the future of the economy at least for next year.
Furthermore, Citi has called for the entire market and all of its players to not just have a positive outlook towards 2020, but to also pay attention to “unstoppable trends” which are not only transforming lives and businesses but also “creating long-term opportunities for your portfolio.” The report mentions specific trends including cybersecurity, fintech and the future of energy.
The report also puts a fine print on the Asian market, predicting growth of between 5% and 5.5% in 2020. Specifically mentioning China, the report says that Chinese earnings per share growth should hit 12% next year.
Citi Says Stocks in 2020 will Perform Much Brighter than Many Expect

Deutsche Bank’s Imagine 2030 Report Shows Crypto to Replace Fiat in the Next Decade

Coinspeaker Deutsche Bank’s Imagine 2030 Report Shows Crypto to Replace Fiat in the Next DecadeCryptocurrencies continue to make strong inroads in the global economy as even the global governments and banks have started experimenting with crypto assets. In its latest report dubbed Imagine 2030, Deutsche Bank analyst Jim Reid said that cryptocurrencies will dominate and replace fiat currencies over the next decade.With economic uncertainty brewing up all across the globe, Reid believes that government-backed fiat currencies won’t be sustainable. He said that there is a surge in demand for the dematerialized means of payment and additional anonymity in global trade and policies will escalate it further. Reid wrote:“The forces that have held the current fiat system together now look fragile and they could unravel in the 2020s. If so, that will start to lead to a backlash against fiat money and demand for alternative currencies, such as gold or crypto could soar.”Challenges ahead for Mainstream AdoptionOne of the major reasons crypto adoption has slowed down recently is because of strict regulatory actions. Reid writes that for cryptocurrencies to be globally accepted in mainstream finance, they need to create legitimacy in the eyes of regulators and governments.This will ensure some price stability by reducing extreme volatility and will ultimately lead to more adoption. He also says that forming alliances with major stakeholders like card providers and mobile payments apps will trigger this development.But we know that every new development comes with its own set of challenges. Reid said that crypto-based financial systems will see major threats like digital war, electricity, and cyber attacks. “As that occurs, the line between cryptocurrencies, financial institutions, and public and private sectors may become blurred,” added Reid.He said that governments and banks are aggressively pushing on a cashless society and reducing the overall dependency on paper-money. “While governments are more concerned with eliminating larger notes in circulation as they are mostly used for the black economy, banks and card providers are finding ways to foster smaller payments with cards through technology innovations, such as contactless and mobile payments,” he wrote.He also pointed out the central bank digital currency (CBDC) projects under work by major global economies. We already know that China’s PBoC is already working on a Digital Yuan, while the U.S. is working on a Digital Dollar. Furthermore, the European Union is also collectively moving towards having a Digital Euro.The ability to instantly settle millions of dollars in cross-border transactions is one of the major USPs of cryptocurrencies. It looks like governments have recognized their potential and working in the same direction. It will interesting to see how the global economy shapes ahead in the coming decade and the new developments that follow.Deutsche Bank’s Imagine 2030 Report Shows Crypto to Replace Fiat in the Next Decade

Former eToro Analyst Mati Greenspan Set to Create Crypto Trading Videos on Cointelligence

Coinspeaker Former eToro Analyst Mati Greenspan Set to Create Crypto Trading Videos on CointelligenceWith all the advancements currently being made in the crypto industry, there is a constant need for continuous sensitization and education as this is probably the only way to ensure that the sector maintains an increasingly robust growth. This need for important knowledge has been recognized by popular crypto personality Mati Greenspan, who used to be the senior financial market analyst at the eToro trading platform. Greenspan will now begin to make training videos on Bitcoin trading along with many other digital currencies.Greenspan with this new endeavor intends to focus heavily on several cryptocurrencies and teach interested people about moves that can be applied to trading, for the best chance of the most interesting results. The training videos will however also include a wider range of topics including some specifics that might not exactly be tied to trading strategies in particular, but could also influence the direction in which the top digital assets swing. This could even include factors in the broader non-crypto economic clime. The training videos will be available on Cointelligence.Cointelligence is known for its efforts in educating the public about crypto trading and market surveillance, making it unsurprising that the platform has reached this arrangement with an analyst as popular and respected as Greenspan. Apart from its training efforts, the platform also feeds research and analysis to several institutions that might need insight into cryptocurrency and blockchain technology in general. While Cointelligence is yet to put out an official statement about the new arrangement, Coindesk reports that CEO On Yavin has confirmed the news in a WhatsApp message. It is unclear when exactly the training videos will be available.The experienced financial analyst has been credited with several changes at eToro, where he worked for more than seven years. The company before 2017, was focused on foreign exchange but eventually made the move into crypto and while there is no official confirmation about it, it is often said that the inclusion of crypto into the company’s purview was made possible by Greenspan, who has had a robust history with financial markets. The analyst who is now 36, began paper-trading many years ago when he was 13 and has since authored a book titled “The Complete Guide to Fintech and Investing”.Recently, Greenspan left his senior position at eToro, to focus on his new firm Quantum Economics, a company whose main focus is on analysis and research into the world’s financial markets. A few days after announcing his eToro departure, Greenspan also tweeted that he will be joining BlockTV as an advisor, handling the platform’s $BLTV token sale on the Bittrex exchange.In a video posted by Block TV at the time, Greenspan said he had attained his “maximum growth potential” and wanted a “radical change.”Former eToro Analyst Mati Greenspan Set to Create Crypto Trading Videos on Cointelligence

BlockFi Offers Zero-Fee Trading for Bitcoin, Ethereum and GUSD Stablecoin

Coinspeaker BlockFi Offers Zero-Fee Trading for Bitcoin, Ethereum and GUSD StablecoinPremier cryptocurrency lending service BlockFi has introduced a new feature. It is trading at no fees for Bitcoin, Ethereum and the stablecoin GUSD. The startup has been known to allow users access to returns on their cryptocurrency holdings by offering loans to borrowers against users’ cryptocurrency holdings and then passing across the returns in terms of interest on the loans while securing the crypto assets that were used as security for the loans. While this model is known to have been extremely successful, the startup has gone one level further by offering to trade of one cryptocurrency asset against another without any need for fees. In this scenario, a user will be able to sell one cryptocurrency asset for another for zero fees. The big question therefore that many have asked is: where will the revenue streams come from? The answer to this will be the data on trades and consumer behavior that will be sold to institutional cryptocurrency firms. These firms will also step into the new market place and will take on the role of market makers which will enhance the liquid position of the new market place. BlockFi Ceo Zac Prince referred to this when he said:“Market makers want the information about what trades are happening, and they get it by having relationships with as many venues as they can support to receive that order flow,” This, of course, has brought the issue of privacy of users data which has many people worried. The company itself has sought to allay peoples’ fears when it said that users’ data will be anonymized and that no personalized records will be made available to the cryptocurrency firms. Sources further indicate that a number of the market makers have been clients of BlockFi on the lending side and some have also been investors in the startup in the early days. They include Akuna Capital, Susquehanna, and CMT Digital. The CEO’s position is that multiple partnerships for BlockFi allow for the deepening of partnerships with such partners which shows his interest in building the business side of things with such partners for the long term.The cryptocurrency startup has also indicated that the decision to go into trading was made after a customer survey demonstrated that a large portion of withdrawals was made for trading activities. This also proves that the startup, that was supported by such prominent names as Galaxy Digital, Winklevoss Capital, ConsenSys Ventures, understands how to respond to the needs of customers.The cryptocurrency startup has also indicated that it will be adding more cryptocurrency options shortly which include USDC and Litecoin and is also looking towards bringing in new traders in the crypto-space onto its platforms. At the end of the day, it is these kinds of customer-centric innovations that will encourage further cryptocurrency adoption. BlockFi Offers Zero-Fee Trading for Bitcoin, Ethereum and GUSD Stablecoin

Steps to Mass Adoption: Crypto PoS Terminals by 2020

Most big businesses that are outside of the Cryptocurrency and the Finance industry are skeptical about digital assets like Ethereum and Bitcoin. The main reason for this is the lack of merchant or mass adoption and the lack of mass produced Cryptocurrency PoS terminals. Merchants are currently having some issues that prevent the retail sector to adopt Cryptocurrencies, but things will change in the future, as more and more Cryptocurrency PoS machines enter and are adopted by the market.
What are the problems that merchants face with mass adoption?

The problems that retailers have with adopting Cryptocurrencies for their everyday transactions can be summed up in three key factors:

There is no Cryptocurrency Support from existing Point-of-Sale machines: Existing Point-of-Sale machines don’t support Cryptocurrency for now and this is a big problem for merchants. A mass produced PoS machine can solve a lot of problems. Currently, those merchants that want to incorporate Cryptocurrency payments to their systems have to do a lot of work to make the system secure. It’s easy to setup your Cryptocurrency wallet and to accept payments, but to make accepting Crypto on a larger scale, merchants need to use the Services of experts, which do not come cheap. Also setting up your wallet doesn’t ensure the clients that they will receive their order, because Cryptocurrency payments aren’t regulated enough.
High Volatility: We all know it. Cryptocurrency Prices are highly volatile and neither merchants, nor clients are comfortable parting ways with their Crypto, when another Bull Run can be right around the corner (or another Bear’s market). The intense Cryptocurrency Volatility is one of the biggest factors that stay in the way of mass adoption or in the way of Cryptocurrencies playing the role of Currencies more than the role of Securities. Of course, the emergence of more Stablecoins like Circle and TrueUSD will become more and more convenient for merchants, as they don’t really differ that much from a dollar value.
Doubt on Cryptocurrency transaction fees and scalability: Scalability issues and high transaction fees have been plaguing the mass adoption debate for a long time. Bitcoin transaction fees were so large at one time, that transaction fees had jumped to 20-100$ per transaction. Also you’ve probably heard that Bitcoin can process 5-7 transactions per second, which is nothing compared to VISA’s almost 2000 transactions per second. However, scalability and transaction fees issues are in the past. Bitcoin transaction fees have dropped so drastically with the implementation of the Lightning Network and SegWit protocol that even Bitcoin micro transactions are becoming possible. The scalability issue is still a work in progress, but as Technology evolves, all existing problems will be fixed. Both Bitcoin and Ethereum are also developing their two-layer protocols which will solve the scaling problem for both networks, but also enable micropayments with fees of few cents.

More Cryptocurrency PoS machines will solve some of the problems
The increasing Cryptocurrency user base will eventually become a big enough reason for merchants to switch or to incorporate a Cryptocurrency PoS to their businesses. Point-of-Sale machines that can operate both with existing payment methods and Crypto transactions will solve the problem of Cryptocurrency incorporation.
Pundi X is a developer and a manufacturer of Cryptocurrency PoS machines that will be able to operate both traditional payment methods and Cryptocurrency payment methods. The CEO of Pundi X, Zac Cheah said that International Merchants will have at their disposal more than 100,000 Cryptocurrency Point-of-Sale (PoS) apparatus by 2020-2021. He said in an interview with Korean ZDNet:
“In the next 3 years, more than 100,000 Cryptocurrency Point-of-Sale (PoS) machines will be distributed to the market. In the last 6 months, sellers have requested 25,000 Cryptocurrency PoS apparatus from Pundi X.”
Cheah also made it clear, that his company believes that digital assets will become mainstream in the future. Pundi X also believes that in time, Cryptocurrencies will become the default global payment method.
South Korea will be the first to incorporate Cryptocurrency PoS
South Korea will most likely be the first country in the world to incorporate Cryptocurrency PoS machines on a larger scale and it shouldn’t come as a surprise. South Korea has been the biggest adopter of Cryptocurrencies. The South Korean Cryptocurrency market accounts for more than 30% of all transactions and it shouldn’t be a surprise that Pundi X will target the South Korean Market first.
Zac Cheah also said that the Cryptocurrency PoS machines will be very useful in Asia, and particularly China and South Korea. Both countries have nearly fully adopted payment methods like Credit Cards, Mobile payment methods like WeChat Pay, Samsung Pay, KakaoPay and Alipay. Pundi’s Cryptocurrency PoS supports mobile payment apps like the above, plus the traditional Credit Cards. Cheah added on that:
“Given that the South Korean Market accounts for almost 35% of global Cryptocurrency transactions, the demand for and the incorporation of Cryptocurrency PoS machines is increasing rapidly”
South Korea made recently a big step towards mass adoption. South Korean exchanges will now be considered financial institutions. This is a very big step for the Cryptocurrency economy! You can read more in the links below.
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Blockchain ID System to be Introduced in Chinese Smart Cities
Insurance Industry Being Changed by Blockchain Technology
Crypto Whales are Getting Bigger: Bigger Cashouts on the Horizon
Dutch Court: Fake Bitcoin Ads Must be Removed from Facebook

The post Steps to Mass Adoption: Crypto PoS Terminals by 2020 appeared first on CoinStaker | Bitcoin News.

Ripple Makes Final Attempt to Dismiss Its XRP Securities Lawsuit

Coinspeaker Ripple Makes Final Attempt to Dismiss Its XRP Securities LawsuitBlockchain startup Ripple has been engaged in a long going battle with complainants claiming XRP as a security. However, it seems that the company wants to put an end to this debate and reach a final settlement.In its latest filing on December 4, with the U.S. District Court for the Northern District of California, Ripple said that the plaintiffs suing the company over the unregistered sale of security tokens (XRP) have brought the case too late. In the filing, Ripple says that even if XRP is a security, getting this matter in courts three after the token sale makes no sense.Ripple said that it is willing to settle this matter once-and-for-all before its next hearing on January 15, 2020. The filing states:“Plaintiff’s federal securities claims are barred by Section 13’s statute of repose, which strictly forbids claims brought more than three years after the security was bona fide offered to the public. XRP is not a security, but that is irrelevant for purposes of this motion. Even if XRP were a security, Plaintiff’s claims still fail as a matter of law,”This move from Ripple comes amidst the ongoing court battle with Bradley Sostack, the lead plaintiff appointed by the federal court, reports CoinDesk. The latest filing also includes the reiterations of its previous arguments and plea to dismiss the case.#Ripple Files Last Bid To Dismiss #XRP Securities Lawsuit Before Court [email protected] said in a new filing "#XRP is not a security but that's irrelevant for this motion because the investors suing #Ripple brought their case far too late for it to proceed— XRPcryptowolf (@XRPcryptowolf) December 5, 2019Plaintiff didn’t Purchase XRP from DefendantsIn addition to the three-year clause, Ripple has argued that the plaintiff has not claimed nor shown evidence that he purchased XRP either from Ripple or during the Initial Coin Offering (ICO). The company noted:“Plaintiff’s federal and state securities claims also fail because he has not plausibly alleged that he purchased XRP either from Defendants or in an initial offering, as those statutes require. Finally, Plaintiff’s allegations—which pervasively claim that XRP is a security—defeat plaintiffs state consumer protection law claims, which cannot be predicated on the offer, purchase, and sale of purported securities as a matter of law. Because none of these deficiencies can be remedied through amendment, Plaintiff’s claims must be dismissed with prejudice”. On the other hand, the plaintiff has previously argued that the XRPs he purchased in 2018 was different from its 2013 ICO offering. Calling this claims to be baseless, Ripple said that his arguments lack any “factual basis”.We can’t say anything about whether the regulators would approve Ripple’s comments. But this ongoing battle has certainly put the third-largest crypto-maker in a position of question and scrutiny.XRP has been the worst-performing top-ten cryptocurrencies so far in 2019. While all other top-ten cryptocurrencies gave positive returns, XRP has over 20% negative returns as on date.At press time, XRP is trading at $0.22 with a market cap of $9.6 billion. It still continues to enjoy its position as the third-largest cryptocurrency by market cap.Ripple Makes Final Attempt to Dismiss Its XRP Securities Lawsuit

Bitcoin Cash Analysis: BCH Reaching Crucial Juncture

Bitcoin cash price is facing a strong resistance near the $212 area against the US Dollar.
The price is showing a few positive signs above the $202 and $192 support levels.
There is a crucial bearish trend line forming with resistance near $212 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).
The pair could start a strong rise if it breaks the $212 and $215 resistance levels.

Bitcoin cash price is likely approaching the next key break against the US Dollar. BCH/USD must surpass $212 and to climb higher towards $226 and $236.
Bitcoin Cash Price Analysis
In the past few days, bitcoin cash price stayed above the $192 and $202 support levels against the US Dollar. On the upside, BCH price struggled to gain strength above the $225 and $226 levels.
As a result, there was a fresh decline below the $210 level and the 55 simple moving average (4-hours). However, the price stayed above the $202 support and the recent low was formed near $203.
The price is currently rising and trading above the $210 level. Moreover, there was a break above the 23.6% Fib retracement level of the recent decline from the $226 high to $203 low.
On the upside, there is a major hurdle forming near $212 and 55 simple moving average (4-hours). Besides, there is a crucial bearish trend line forming with resistance near $212 on the 4-hours chart of the BCH/USD pair.
The 50% Fib retracement level of the recent decline from the $226 high to $203 low is also near the $215 level. Therefore, an upside break above the $212 and $215 resistance levels is must for a decent upward move.
The next major resistance is near the $226 level. An intermediate resistance is near the 76.4% Fib retracement level of the recent decline from the $226 high to $203 low.
If the price continues to rise above $220 and $226, it could even test the $236 resistance. On the downside, an initial support is near the $205 level, followed by $202. If there is a downside break below $202, the price could decline heavily towards $192 or $185.
Bitcoin Cash Price
Looking at the chart, bitcoin cash price is under pressure below the $215 level. However, the price is likely to recover $226 as long as there is no bearish close below the $202 support area.
Technical indicators
4 hours MACD – The MACD for BCH/USD is slowly gaining momentum in the bullish zone.
4 hours RSI (Relative Strength Index) – The RSI for BCH/USD is currently rising and is near the 50 level.
Key Support Levels – $202 and $192.
Key Resistance Levels – $212 and $226.
The post Bitcoin Cash Analysis: BCH Reaching Crucial Juncture appeared first on Live Bitcoin News.

Apple to Launch 5 New Models in 2020, 3 of Them with 5G, Says Ming-Chi Kuo

Coinspeaker Apple to Launch 5 New Models in 2020, 3 of Them with 5G, Says Ming-Chi KuoIt seems that this year hasn’t been nearly enough for Apple. According to the recent forecasts from the famous Apple analyst Ming-Chi Kuo, the company plans to release five new iPhone models next year.In a research note with TF International Securities, Kuo drafted his presumptions for a new phone dubbed iPhone SE 2. As Kuo predicts, it could come with a 4.7-inch LCD display in the first half of 2020. After SE 2 comes a higher-end all-OLED lineup comprised of 5.4-inch, two 6.1-inch, and 6.7-inch models in the second half of the year. Kuo also expects that all four models will support 5G having a Qualcomm X55 modem. He also noted that the accessibility of models with Sub-6G-only or Sub-6G-plus-mmWave types of 5G will vary from country to country.Furthermore, Kuo said he predicts the iPhone models with mmWave may be available in five markets, meaning the United States, Canada, Japan, Korea, and the United Kingdom. On the other hand, Apple could decide to disable Sub-6G those functions in countries that will not be covered by 5G service or will have a facile 5G penetration rate to decrease costs of production.The so-called iPhone SE 2 will probably look like the iPhone 8. However, it will have faster A13 chip and 3GB of RAM. The device will still have a single-lens rear camera, same as the original iPhone SE and the iPhone 8.The four higher-end iPhones are expected to look like the iPhone 4, including a new metal frame that will probably have flatter edges.Pretty much similar predictions had JPMorgan analyst Samik Chatterjee who said Apple could release a 5.4-inch iPhone, two 6.1-inch iPhones, and one 6.7-inch iPhone.Even though it is still not clear if this is the company’s plan, it is almost sure that the entire iPhone lineup will have OLED displays and 5G technology.Chatterjee thinks that two of the higher-end iPhones will use new rear camera technology with “world-facing” 3D sensing for better augmented reality possibilities, while the others will use dual-lens setups similar that the iPhone 11 has.As per 5G technology, Chaterjee predicts two higher-end iPhones could offer support for mmWave, while the two lower-end iPhones may be limited to the sub-6GHz spectrum, which is not as fast but has a wider range.mmWave 5G technology will probably be bounded to big cities and dense urban areas because of its short range. 5G networks in rural and suburban areas will probably use the slower sub-6GHz technology, such as the 600MHz network T-Mobile presented.In order to make the lower-end iPhones cheaper, Apple might limit the mmWave antenna to higher-end models, even though some rumors said Apple wants to match the technology of Android phones with its 2020 iPhones.It’s also worth mentioning that on the stock market, Apple is doing pretty good as well demonstrating a significant increase since the same period last year. While now the stock is trading for around $265,58, 12 months ago its price was $174. Though the year for the company started a lower of $157, then the situation improved. As for the last 4 months, they were rather successful for Apple. Since the beginning of August, its stock hasn’t gone below the $200.Apple to Launch 5 New Models in 2020, 3 of Them with 5G, Says Ming-Chi Kuo