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Global Cloud Computing in Healthcare Market 2020: Types, Application, Industry Size, Market Share, Growth Opportunity and Regions till 2025 – Curious…

April 16, 2020 | Author: admin

The research report on Cloud Computing in Healthcare market offers a comprehensive analysis of the global market with in-depth and specialized analysis of the market. The Cloud Computing in Healthcare market report aims to offer an extensive overview of the global Cloud Computing in Healthcare market with broad market segmentation on the basis of products, services, application, as well as regional overview. In addition, the market report also provides a complete analysis of the global market trends that are influencing the global market over the forecast period. Moreover, the global Cloud Computing in Healthcare market is likely to witness a significant growth over the forecast period.

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Top Leading Key Players are: McKesson Corporation, Allscripts, NextGen Healthcare, Epic Systems Corporation, Healthcare Management System, eClinicalWorks, CPSI, Computer Sciences Corporation, and many more.

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Global Cloud Computing in Healthcare market is segmented based by type, application and region.

Based on Type, the market has been segmented into:

by End Use (Hospitals, Diagnostics and Imaging Centres, Ambulatory Centres, and Others)

The study covers the production, sales, and revenue of various top players in the global Cloud Computing in Healthcare market, therefore enabling customers to achieve thorough information of the competition and henceforth plan accordingly to challenge them head on and grasp the maximum market share. This report is filled with significant statistics and information for the consumers to attain in-depth data of the Cloud Computing in Healthcare and further Cloud Computing in Healthcare growth. It also focuses and highlights the strategies and the trends, in which the manufacturer and the company is likely to move. One of the methods for the determination of the growth of the market is the increased use of the statistical tools, which is used for the estimation of the growth of the market for the estimated forecast period.

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This Cloud Software Startup Used By The U.S. Air Force Just Raised $30 Million From VCs And The CIA – Forbes

April 16, 2020 | Author: admin

Coder's co-founders Kyle Carberry, John Entwistle and Ammar Bandukwala

As the coronavirus outbreak forces workers to stay at home, software engineers have faced a challenge accessing secure networks theyd typically only use at the office. The U.S. Air Force is no exception.

To solve the problem, the Air Force recently turned to an Austin-based startup called Coder. The companys cloud-based portal solves the secure access problem for engineers working on code. At the Air Force, that can mean software that monitors the services fighter jets in the air.

With interest from the armed forces, Coder then got on the radar of the Central Intelligence Agency, which is now investing in the startup through its venture funding arm even during a time when funding rounds are drying up. In-Q-Tel is one of several new investors in a new $30 million funding round led by GGV Capital, with participation from existing investors Redpoint and Uncork Capital. According to cofounder and co-CEO John Entwistle, the new funding values Coder at $200 million.

The coronavirus has definitely had an effect on demand, says Entwistle. As all these engineers are sent home and they dont have a secure way to work on what they need to work on, there's few solutions out there.

Coder is still small the company says its booked $1.5 million in government contracts so far in 2020, and expects to bring in $5 million in that sector over the year but its one of a cohort of startups that have seen demand soar as COVID-19 has spread across the globe and changed how businesses function. For Coder, that means software that can be accessed through a web browser with the security as if an engineer were connected securely on-site. Such capabilities have proven a hit among big institutions with heightened security concerns, from the U.S. intelligence agencies to major banks.

The startups popularity with such serious customers is more impressive when you consider its founders ages. Entwistle, 22, launched the firm in 2017 with co-founders Ammar Bandukwala, 21, and Kyle Carberry, 22. The three young entrepreneurs met online in 2011 through gaming. They graduated from working on Minecraft servers to tackling more complex tasks such as building cybersecurity tools to prevent distributed denial-of-service attacks. After finishing high school, Bandukwala and Carberry attended college for a few months before dropping out and moving to Austin with Entwistle to focus on building Coder.

As kids we watched this movement to the cloud, Entwistle says. We were curious why the tools we used to write code werent moving there as well.

Other venture-backed startups were already operating in the growing sector, including Koding and Codenvy. But Coder built its reputation by providing an open-source version of its platform for free. That code has been downloaded 10 million times and is used by about 3,000 organizations, including the New York City Department of Planning, Coder says. In December, Coder launched its first commercial product, which tailors the open-source tool to meet an organizations specific needs. The startup has signed seven contracts for that premium offering, including the contract signed with the U.S. Air Force in March.

Now Coder is among a narrow group of tech startups that are closing funding rounds at premium valuations to their sales even as the coronavirus has shaken investor confidence in funding new companies. Many of those still in high-demand operate in cloud computing, such as HashiCorp, which raised $175 million at a $5.1 billion valuation in March, and Notion, a workflow productivity platform that competes with Google Docs and Slack, that raised $50 million at a $2 billion valuation also last month.

Entwistle says Coder is not yet profitable as it focuses on growth: its new funding will be used to scale its business especially by hiring more software engineers. The round takes Coders total funding to $43 million in total, following an $8.5 million Series A funding round led by Redpoint in May 2019.

At investor GGV, new board director Glenn Solomon says his firm backed Coder because of the rapid migration of companies to cloud-based software. If weve learned anything from the pandemic, its that developers are super important and need to be empowered to work from anywhere, says Solomon. Coder hits that need.

The article has been updated to clarify revenue from government contracts.

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This Cloud Software Startup Used By The U.S. Air Force Just Raised $30 Million From VCs And The CIA - Forbes

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Healthcare Cloud Computing Segments, Opportunity, Growth and Forecast By End-use Industry 2019-2020 – Jewish Life News

April 16, 2020 | Author: admin

Healthcare Cloud Computing Market 2018: Global Industry Insights by Global Players, Regional Segmentation, Growth, Applications, Major Drivers, Value and Foreseen till 2024

The recent published research report sheds light on critical aspects of the global Healthcare Cloud Computing market such as vendor landscape, competitive strategies, market drivers and challenges along with the regional analysis. The report helps the readers to draw a suitable conclusion and clearly understand the current and future scenario and trends of global Healthcare Cloud Computing market. The research study comes out as a compilation of useful guidelines for players to understand and define their strategies more efficiently in order to keep themselves ahead of their competitors. The report profiles leading companies of the global Healthcare Cloud Computing market along with the emerging new ventures who are creating an impact on the global market with their latest innovations and technologies.

Request Sample Report @ https://www.persistencemarketresearch.co/samples/3319

The recent published study includes information on key segmentation of the global Healthcare Cloud Computing market on the basis of type/product, application and geography (country/region). Each of the segments included in the report is studies in relations to different factors such as market size, market share, value, growth rate and other quantitate information.

The competitive analysis included in the global Healthcare Cloud Computing market study allows their readers to understand the difference between players and how they are operating amounts themselves on global scale. The research study gives a deep insight on the current and future trends of the market along with the opportunities for the new players who are in process of entering global Healthcare Cloud Computing market. Market dynamic analysis such as market drivers, market restraints are explained thoroughly in the most detailed and easiest possible manner. The companies can also find several recommendations improve their business on the global scale.

The readers of the Healthcare Cloud Computing Market report can also extract several key insights such as market size of varies products and application along with their market share and growth rate. The report also includes information for next five years as forested data and past five years as historical data and the market share of the several key information.

Request Report Methodology @ https://www.persistencemarketresearch.co/methodology/3319

Global Healthcare Cloud Computing Market by Companies:

The company profile section of the report offers great insights such as market revenue and market share of global Healthcare Cloud Computing market. Key companies listed in the report are:

Some of the major companies operating in the North American healthcare cloud computing market are CareCloud Corporation, athenahealth, Inc., Carestream Health, Inc., ClearData Networks, Inc., Cisco Systems, Inc., EMC Corporation, Dell, Inc., Hewlett-Packard Company, IBM Corporation, Iron Mountain, Inc., Microsoft Corporation, Merge Healthcare, Inc., VMware, Inc. and Oracle Corporation.

Key points covered in the report

Global Healthcare Cloud Computing Market by Geography:

For any queries get in touch with Industry Expert @ https://www.persistencemarketresearch.co/ask-an-expert/3319

Some of the Major Highlights of TOC covers in Healthcare Cloud Computing Market Report:

Chapter 1: Methodology & Scope of Healthcare Cloud Computing Market

Chapter 2: Executive Summary of Healthcare Cloud Computing Market

Chapter 3: Healthcare Cloud Computing Industry Insights

Chapter 4: Healthcare Cloud Computing Market, By Region

Chapter 5: Company Profile

And Continue

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More Investors Are Holding Bitcoin Ahead of the Halving, Data Suggests – CoinDesk

April 15, 2020 | Author: admin

Investors may be accumulating bitcoin ahead of next month's miner reward halving.

The seven-day moving average of the total number of bitcoin held in exchange addresses fell to 2,214,365 on April 14 the lowest level since last June according to numbers from blockchain intelligence firm Glassnode.

As of Tuesday, the average was down nearly 8 percent from a high of 2,404,786 registered on Jan. 17, 2020.

The decline in exchange balances suggests a shift to longer-term holding strategies, according to Glassnode.

That's because investors usually withdraw coins from the exchanges to hold in their personal wallets when prices are expected to rise. Conversely, they tend to move their balances to exchanges in preparation to sell when a price drop is expected or during a price crash.

For instance, bitcoins price fell by 33 percent in the seven days to March 15. At the time, the seven-day average of coins held on exchanges rose from 2,333,279 on March 11 to 2,350,795 on March 18.

However, the spike was short lived and the downturn in exchange balances resumed from March 19.

The increased levels of holding may be associated with bullish expectations tied to bitcoins mining reward halving, scheduled to take effect in just 27 days. The process, aimed at controlling inflation, will reduce rewards per block mined from 12.5 BTC to 6.25 BTC.

Essentially, miners will be adding fewer coins to the ecosystem following the halving. Some analysts think that would create a supply deficit and push up prices.Once bitcoin has its halving next month, we expect prices to rally, carrying the rest of the market with it, said Richard Rosenblum, head of trading at GSR.

Meanwhile, some stock-to-flow models indicate the halving could send bitcoins price to $100,000, as noted in the cryptocurrency platform Lunos weekly market report.

Further, the coronavirus-induced global economic recession and resulting unprecedented monetary and fiscal stimulus launched by the Federal Reserve and the U.S. government, respectively, are widely expected to boost bitcoins appeal as a safe haven asset and a hedge against inflation.

However, some observers have been skeptical about the bullish narrative surrounding bitcoins halving. Bitcoin halving in May 2020 wont do anything to the price. It will be a non-event, Jason Williams, co-founder of digital asset fund Morgan Creek Digital, tweeted in December.

Meanwhile, the cryptocurrency has so far failed to perform as a safe haven asset and has largely moved in line with the equity markets. Since the beginning of March, bitcoins correlation with the S&P and Dow has been unusually high at approximately 0.82, Nicholas Pelecanos, head of trading at NEM Ventures, told CoinDesk.

If the decline in exchange balances is a guide, though, the investor community looks to have some belief in the bullish halving narrative and the long-term value of the cryptocurrency as an inflation hedge.

From a technical analysis standpoint, the cryptocurrencys recovery rally from the March low of $3,867 looks to have run out of steam.

Weekly chart

Bitcoin has failed three times in the last month to keep gains above the 100-week moving average, currently lined up near $7,060.The repeated failure is suggestive of buyer fatigue.

That, coupled with the rising wedge breakdown seen on the daily chart, suggests scope for a downside break of the recent trading range of $6,600$7,200. A range breakdown, if confirmed, would open the doors to $6,100, as discussed Tuesday.

Bitcoin has enjoyed an over-50-percent rally from its mid-March low. The bulls now must sustain the rally at an equal or greater pace in the short term or the bears might take back some serious ground," said NEM Ventures Pelecanos. "Indicators from one of our momentum-based strategies are beginning to show a serious bearish setup that could lead to a 50-percent sell-off, sending prices into the low $3,000s."

Disclosure:The author currently holds no cryptocurrencies.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Another Bitcoin Mining Firm Warns COVID-19 Pandemic May Harm Its Business – CoinDesk

April 15, 2020 | Author: admin

Hut 8 Mining Group, a publicly traded cryptocurrency mining firm, is concerned about coronavirus-related delays of new machine deliveries from potential suppliers such as Bitmain and MicroBT.

During an earnings call last week, CEO Andrew Kiguel said his firm was grappling with a vague timeline for the delivery of crypto mining machines to support its farms, saying that while in February, you thought machines could be delivered between March and April, these timelines have since shifted due to the ongoing pandemic. He did not have a revised timeline either.

His remarks follow guidance from competitor Riot Blockchain, which also warned the novel coronavirus outbreak would impact its business operations.

Three or four weeks ago, nobody thought these things would be an issue, and the world is grappling right now with different supply chain issues like getting ventilators and masks around the world as opposed to bitcoin mining machines, Kiguel said.

Bitmain was one of several Chinese miner manufacturers that warned as far back as January close to eight weeks ago it would be forced to delay deliveries due to the coronavirus outbreak.

Bitmain has since resumed operations, though its delivery timetable is still unclear.

Hut 8 Mining Group, one of the few publicly traded mining firms in the U.S., is also closely watching the upcoming bitcoin halving in hopes of appropriately scaling the size of its mining farm.

The Canadian firm is set to have a higher stake in the bitcoin market after launching its core operation in the middle of 2018 and acquiring facilities to boost its mining power last year. According to its year-end report for 2019, released on Monday, Hut 8 saw $58.6 million in revenue, up by 66 percent from the prior year, thanks to larger capacity and higher bitcoin price.

This places it as one of the productive miners in North America among its competition, including the Colorado-based Riot Blockchain.

Hut8s coronavirus concerns come as the firm prepares for bitcoins hotly anticipated halving, tentatively set to occur in mid-May.

There's a lot of different scenario planning that we've done, Kiguel said.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Bitcoin at Risk as IMF Warns of Worst Downturn in 90 years – Cointelegraph

April 15, 2020 | Author: admin

The International Monetary Fund (IMF) has published a stark prediction that the unprecedented global economic slowdown triggered by the great lockdown will get much worse before it gets better.

With Bitcoin (BTC) experiencing a record correlation with the traditional markets, the cryptocurrency needs to break away from the S&P 500 if it has any chance of producing the highly anticipated post-halving bull run.

On April 14, the IMF published its quarterly World Economic Outlook report, describing the COVID-19 induced lockdown as the worst economic downturn in 90 years and predicting a total of nine trillion dollars of losses by 2022.

The reports growth estimate has fallen by 6.3% since January, predicting a year-over-year recession of 3% as economic activity retraces in more than 170 nations.

IMF Director of the Research Gita Gopinath said the prediction was based on the assumption the pandemic and required containment peaks in the second quarter for most countries in the world, and recedes in the second half of this year and said the growth forecast was a major revision over a very short period:

This makes the Great Lockdown the worst recession since the Great Depression, and far worse than the Global Financial Crisis.

The 2008 financial crisis saw a 0.1% global retraction in growth 12 months from its outset. However this current crisis has an immediate impact on China and India. The IMF is more optimistic about 2021, predicting a 5.6% global recovery.

Impacts of Great Lockdown 2020 and 2008 Global Financial Crisis on Regional Economies. Source: IMF

The International Monetary Funds outlook for the global economy may comprise a negative omen for the Bitcoin and cryptocurrency markets, with BTC recently producing record correlation to the S&P 500. While its unknown how traditional markets will react if the crisis deepens, the history of major financial crises suggest they have further to fall.

According to data published on April 14 by Coinmetrics, the mid-March market turmoil saw Bitcoin in record correlations with the traditional markets. While confluence appeared to briefly normalize towards the end of March, early April has seen correlations rebound and reapproach last months record levels.

However, the immediate liquidity crisis appears to have driven confluence across most asset classes with correlation between the S&P 500 and gold reaching its highest in half a decade, while confluence between Bitcoin and gold sets a new record.

Correlation between Bitcoin and gold. Source: CoinMetrics

Golds performance during the GFC could prove instructive. While the initial liquidity crisis drove a 30% drop in the price of gold during the first six months of the 2008 crisis, gold recovered to gain 150% over the next three-and-a-half years.

Should history repeat itself, Bitcoin will have to shake its confluence with the traditional markets and move in-step with gold to produce the anticipated post-halving bull trend.

Coinmetrics said that over the long term, the correlation between Bitcoin and the stock market was expected to disappear:

Although correlations recently reached all-time highs, it is unlikely that Bitcoin and S&P 500 correlations will remain elevated in the long-term without major changes in the fundamentals of one or both markets.

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Bitcoin at Risk as IMF Warns of Worst Downturn in 90 years - Cointelegraph

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Bitcoin Will Follow Ethereum And Move to Proof-of-Stake, Says Bitcoin Suisse Founder – Cointelegraph

April 15, 2020 | Author: admin

Niklas Nikolajsen, the founder of Swiss crypto broker Bitcoin Suisse, predicts that Bitcoin (BTC) will move to Proof-of-Stake (PoS) once the Ethereum (ETH) network has proved the algorithms success.

Bitcoins current Proof-of-Work (PoW) consensus algorithm the pioneering concept which in fact pre-existed Bitcoin, but has since come to be indissociable from the cryptocurrency will probably change in the future, Nikolajsen argued.

In outtakes from an interview conducted for a German TV documentary recorded back in October 2019, but uploaded on April 6 Nikolajsen said:

[Bitcoins move to Proof-of-Stake] is not planned, but the second-largest cryptocurrency, Ether, will move to a Proof-of-Stake concept that demands vastly less electricity, already in a few months. Im sure, once the technology is proven, that Bitcoin will adapt to it as well.

Once its proven that Proof-of-Stake works well, its a superior system to Proof-of-Work, he said.

In blockchains that use a PoS system, nodes in the network engage in validating blocks, rather than mining them, as in PoW. For PoS, a deterministic algorithm selects block validators based on the number of tokens a given node has staked in their wallet i.e. deposited as collateral in order to compete to add the next block to the chain.

Nikolajsen's prediction that Bitcoin will eventually migrate to a PoS system was made in the context of a discussion of the notoriously high levels of electricity needed to sustain mining on the current network.

He dismissed claims that mining Bitcoin consumes levels of electricity comparable to small nations and also emphasized that mining's energy-intensity is less of an issue than where that energy is produced and how sustainably it is generated.

Moreover, the energy consumption of producing gold Bitcoins proverbial predecessor must be equally acknowledged, Nikolajsen states, as does that in the existing banking system and tech industry:

Which metropolis in the world doesnt have 100-story-high banking towers, glowing in a million different colors all night, and their financial systems, their computers, server rooms. How much energy does Facebook consume? They have 21 huge data centers worldwide, Id say probably more than Bitcoin. The banking system for sure consumes a lot more energy.

The common perception that high energy consumption is an Achilles Heel for Bitcoin has been critiqued by some proponents of clean energy, who, like Nikolajsen, place an emphasis on the sources of power, rather than levels of consumption.

Beyond the energy problem, the PoS vs. PoW debate engages questions of economic fairness, barriers to entry, network security and decentralization.

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Bitcoin Showing Signs of Recovery But This Trend Line Could Be Game Changer – newsBTC

April 15, 2020 | Author: admin

Bitcoin is showing a few recovery signs above the $6,760 support against the US Dollar. However, BTC price is still trading below a key bearish trend line and $7,000.

In the past three sessions, bitcoin bulls remained active above the $6,600 and $6,700 levels against the US Dollar. BTC price managed to settle above the $6,760 pivot zone and recently settled above the 100 hourly simple moving average.

There was a close above the 50% Fib retracement level of the main decline from the $7,218 swing high to $6,557 swing low. The price made an attempt to climb above the $6,950 and $7,000 resistance levels, but it failed.

It seems like the 61.8% Fib retracement level of the main decline from the $7,218 swing high to $6,557 swing low is acting as a strong resistance. More importantly, this weeks key bearish trend line is active with resistance near $7,040 on the hourly chart of the BTC/USD pair.

Bitcoin Price

Bitcoin is clearly facing a couple of key hurdles near $6,950 and $7,040. A successful break above the trend line resistance could lead the price towards the main $7,200 resistance area.

If the bulls are able to clear the $7,200 resistance area, there are high chances of a strong rise in the coming sessions. The next major resistances are near $7,500 and $7,660.

If bitcoin struggles to clear the $6,950 and $7,040 resistance levels, there might be a bearish reaction. On the downside, an initial support is near the $6,750-$6,760 zone.

If the bulls fail to protect the $6,750-$6,760 support zone, the bears are likely to take control. In the mentioned bearish case, the price is likely to slide back towards the $6,560 zone in the near term. Any further losses may perhaps call for a test of the $6,200 level.

Technical indicators:

Hourly MACD The MACD is slowly moving back into the bearish zone.

Hourly RSI (Relative Strength Index) The RSI for BTC/USD is currently above the 50 level.

Major Support Levels $6,760 followed by $6,560.

Major Resistance Levels $6,950, $7,040 and $7,200.

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Are Bitcoin Cash Miners Driving Up the Price of Bitcoin? – Cointelegraph

April 15, 2020 | Author: admin

Bitcoin (BTC) price has been a sight to behold over the last week. After successfully breaking through the resistance of $7,200 on Monday, April 6, all eyes were on the leading digital asset to hold $7K as fresh support, but as soon as the weekend was upon us, the price fell through this floor finding a new temporary bottom of $6,750.

So are these weekend dumps a sign that interest in Bitcoin is waning? Or is this simply whales taking advantage of thinner weekend volume to accumulate before the next big run?

Daily crypto market performance. Source: Coin360.com

BTC USD daily chart. Source: TradingView

Bitcoin keeps finding itself in a descending channel that formed 10 months ago. The last time the king of cryptocurrencies broke out of this channel, it encountered fierce resistance at 5 different levels ranging from $8,750 to $10,500.

Currently, Bitcoin is once more above this channel, with a new ascending channel taking form.From here Bitcoin needs to form support by closing the daily above $7,100 for history to start repeating itself, and this is not the only pattern repeating itself this year.

BTC USD weekly MACD chart Source: TradingView

The Moving Average Divergence Convergence (MACD) indicator on the weekly timeframe looks almost identical to that of Jan. 14, which is when Bitcoin last closed above the descending channel. This resulted in a rally from $9,000 to $10,500.

However, much like the last few days, Bitcoin did fall back into the channel before pushing forward to the yearly high.

At the time this was attributed to the mining difficulty increasing every 2 weeks, a trend that seems to be returning.

BTC mining difficulty. Source: BTC.com

After the Black Thursday event, which saw the price of Bitcoin plummet by 50%, the mining difficulty adjustment dropped by nearly 16%. This was one of the largest drops in a single period that Bitcoin had ever seen.

However, last week saw the difficulty increase by nearly 6% and the next adjustment is already looking to increase by 7%. With only 8 days left to go, its highly probable that this will wipe out the negative adjustment seen this year, so does that mean that price will follow?

If the price action at the beginning of 2020 is anything to go by, it might suggest another big price surge is due over the week ahead.

BCH hashrate chart. Source: BITINFOCHARTS

Last week Bitcoin Cash (BCH) had its halving and this caused a lackluster price spike of about 11% before the digital asset slowly settled back to its pre-halving price. However, as a result of the halving, the hash rate dropped off a cliff as can be seen in the chart above.

The most likely reason for this drop is due to the fact that those mining Bitcoin Cash use exactly the same hardware as Bitcoin miners. So when faced with a 50% reduction in profitability it would make more sense to point your miners to the real Bitcoin.

With more miners heading to the Bitcoin network, it would entirely make sense that the difficulty would start to rise. This is something that I expect to continue happening over the next 30 days ahead of the real Bitcoin halving.

However, this will also lead to the difficulty in mining BCH to plummet, so this little dance is something that will cause some very interesting price action over the coming weeks.

If Bitcoin closes above $7,100 it will be incredibly bullish for the week ahead. Once more $7,200 is the first level of resistance, however, $7,400 and $7,700 are the next two levels holding Bitcoin back from breaking $8,000.

With the growing number of miners driving up the difficulty on the Bitcoin network, a run to $9,200 isnt something that would be unreasonable to expect before the week is over.

It still feels like Bitcoin is recovering too soon and the pullback this weekend doesnt seem like it was enough. Should the weekly candle close below $7,100 I would first be looking at $6,750 and $6,500 as the last levels of support before opening up mid $5k range for buyers to step in.

The views and opinions expressed here are solely those of @officiallykeith and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

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Are Bitcoin Cash Miners Driving Up the Price of Bitcoin? - Cointelegraph

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Bitcoin And Altcoins Trading Near Make-or-Break Levels – Cryptonews

April 15, 2020 | Author: admin

In the past few hours, bitcoin price traded with a bullish angle above USD 6,700. BTC/USD managed to climb above the USD 6,850 resistance area, but it is still below the USD 7,000 and USD 7,200 resistance levels. Moving forward, it could either surge above USD 7,200 or start a fresh decline towards USD 6,550.

Similarly, most major altcoins are currently (08:00 UTC) approaching key breakout resistance levels, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD is testing the USD 160 and USD 162 resistance levels. More importantly, XRP/USD is likely to make an attempt to surpass the USD 0.190 and USD 0.192 resistance levels.

Total market capitalization

After forming a decent support above USD 6,550, bitcoin price recovered above the USD 6,750 level. Recently, BTC/USD managed to recover above the USD 6,850 resistance, opening the doors for more upsides. However, the price is still facing a few key hurdles near USD 7,000. The main hurdle for a sustained upward move is near the USD 7,200 level.Conversely, if bitcoin fails to continue above the USD 7,000 resistance, it might resume its decline. An initial support is near the USD 6,750 level, but the main support is still near the USD 6,550 area.

Ethereum price is rising steadily and it surpassed the USD 158 resistance. ETH/USD is now testing the USD 160 and USD 162 levels. A successful break above USD 162 and a follow-up move above USD 165 might result in a trend change to bullish in the near term.If the bulls fail to push the price above USD 160 and USD 162, there could be a bearish reaction towards the USD 155 level. The next key support below USD 155 is near USD 150.

Bitcoin cash price is holding the key USD 220 support area. BCH/USD is recovering slowly towards USD 230, but it lacks bullish momentum. If it fails to surpass USD 230, the bears are likely to aim a strong move below the USD 220 and USD 210 support levels in the near term.Litecoin stayed above the USD 40.50 support level and it recently tested the USD 41.20 level. It seems like LTC/USD might test the first major resistance near the USD 42.50 level, above which it is likely to recover towards the USD 45.00 and USD 45.50 levels.XRP price is up close to 2% and it is testing the USD 0.188 pivot level. On the upside, an initial resistance is near the USD 0.190 level. To move into a positive zone and start a real upward move, the price must surpass the USD 0.192 resistance level. On the downside, a key support is forming near USD 0.180.

In the past three sessions, most altcoins traded in a range, but a few gained traction such as LUNA, LSK, CVT, ATOM, ARDR, BAT, and KMD. Conversely, DGTX, SEELE, and CKB saw an increase in selling pressure.

To sum up, bitcoin price is slowly correcting higher towards the USD 7,000 and USD 7,200 resistance levels. BTC/USD could either continue higher above USD 7,200 or it might start a fresh decline towards USD 6,550 in the coming sessions._____

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Bitcoin And Altcoins Trading Near Make-or-Break Levels - Cryptonews

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