XRP is going to dump! Here is the big reason why?

XRP is going to dump! Here is the big reason why? Read the tweet below that BIG AMOUNT of XRP has been transferred to Binance and ready to be sold anytime now.

10,000,000 #XRP (5,499,094 USD) transferred from unknown wallet to #Binance

Tx: https://t.co/SESg29mXcP

— Whale Alert (@whale_alert) December 11, 2020

10,000,000 #XRP (5,571,129 USD) transferred from unknown wallet to #Binance

Tx: https://t.co/0YUYosXid4

— Whale Alert (@whale_alert) December 11, 2020

Bitcoin Rally Fails After Breaking Through $12,000

Bitcoin prices have rallied modestly within the last 24 hours, rising to their highest in roughly two weeks before losing momentum.

The world’s most prominent digital currency reached as much as $12,070.23 earlier today, its loftiest price since August 18, CoinDesk data shows.

However, the cryptocurrency’s upward price movement stalled, and the digital asset has been trading within a reasonably tight range, additional CoinDesk figures reveal.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Joe DiPasquale, CEO of cryptocurrency hedge fund manager BitBull Capital, weighed in on the matter.

“$12,000 has continued to be a strong resistance for Bitcoin but the bulls have persisted over the last month, rallying around the $11,000 level to provide strong support,” said DiPasquale.

Read more: Bitcoin Rally...

TRON (TRX) total supply unlocked!

We are hearing so much noise about TRON (TRX) nowadays. With its current price at 184 sats which was 10x down already, coin holders are worried about the private dumping of all coins that were unlocked. Some are expecting its price to go down as low as 100 sats. So, take extra careful when trading.

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Bitcoin Breakdown Looks Real, $6.2K On The Horizon?

• Bitcoin price is down around 4% and it broke the key $7,000 support against the US Dollar.
• The price is likely to continue lower towards $6,500 or $6,200 in the near term.
• There is a short term contracting triangle forming with resistance near $6,880 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could gather momentum once it breaks the $6,800 support area.

Bitcoin (BTC) price is showing signs of bearish continuation below $6,800 against the US Dollar. BTC bears seems to be eyeing a test of the $6,500 support or $6,200.

Bitcoin Price Analysis

After consolidating above the $7,000 support, bitcoin bears gained strength against the US Dollar. As a result, BTC price nosedived below the $7,000 support and settled well below the 100 hourly simple moving average.

The price is down around 4% and it even broke the $6,880 support area. A new monthly low is formed near $6,800 and the price is currently consolidating losses.

An immediate resistance is near the $6,880 level. Besides, the 23.6% Fib retracement level of the recent downward move from the $7,135 high to $6,800 low is also near the $6,880 area.

More importantly, there is a short term contracting triangle forming with resistance near $6,880 on the hourly chart of the BTC/USD pair. Therefore, an upside break above $6,880 level might start a short term upside correction.

The next resistance is near the $6,980 level. Additionally, the 50% Fib retracement level of the recent downward move from the $7,135 high to $6,800 low is also near the $6,980 level.

However, the main resistance is seen near the $7,000 and $7,015 levels (the recent breakdown zone). A successful daily close above $7,015 is needed to start a substantial recovery in the near term.

Conversely, the price is likely to accelerate lower below the $6,840 and $6,820 levels. If bitcoin breaks the $6,800 low, the next stop for the bears could be near $6,600 or $6,500.

Any further losses may perhaps lead the price towards the key $6,200 support area, where the bulls are likely to take a stand.

Source: Libr.co

BTC Update: Bitcoin may dip to USD 8,000 in September

Just like what I said in my post last July 31, 2019, Bitcoin hits again USD 10,400. So what do we expect to happen now? We are in the consolidation stage wherein Bitcoin will keep on pumping and dumping until it reaches the USD 8,000 price level until September 2019. This will be the last dip before the alt coins season starts. So, just be ready for now for an exciting Bitcoin ride to USD 20,000 by the end of the year. Stay tuned!

Tron (TRX) price to increase 40% in August

We are expecting TRON (TRX) to make a strong move this August. The target price increase is between 10% and 40%. You can buy TRX now between 215 and 220 satoshi. As Bitcoin's price goes up, TRX will surely jump high.

BTC Update: Bitcoin expected to jump to USD 10,400 soon

The Bitcoin is now expected to reach as high as USD 10,400 in a few days. After hitting that price level, it may go up further to USD 12,000 or go down again to as low as USD 7,500 by August 2019. This is the perfect time to grab more Bitcoin before it's too late. We are all happy to be part of the bull run. We will keep you updated. Stay tuned!