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Price Analysis 7/15: BTC, ETH, XRP, BCH, ADA, BSV, LINK, LTC, BNB, CRO

Price Analysis 7/15: BTC, ETH, XRP, BCH, ADA, BSV, LINK, LTC, BNB, CRO

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Select altcoins are showing strength and if Bitcoin price perks up a fast paced, market-wide rally could occur.

The People’s Bank of China (PBoC) is rumored to be working with food delivery giant Meituan Dianping and ride-hailing application DiDi to test the digital yuan. Currently, Meituan Dianping is estimated to have more than 435 million users. 

Video streaming platform, Bilibili, could also be the next to join the project. Although the PBoC has not committed to a specific launch date, the coronavirus pandemic seems to have accelerated the project.

Following China’s progress on the central bank digital currency, Japan has also expedited its efforts to launch a digital yen. The Japanese government could add the development of the CBDC to the Honebuto Plan, which is the basis for Japanese economic and fiscal policy. 

After these two nations launch working models of their CBDC projects, it is likely that other  countries will follow suit. 

Daily cryptocurrency market performance

Daily cryptocurrency market performance. Source: Coin360

As reported earlier this week, Bitcoin’s (BTC) realized volatility has dropped to a three-year-low, hence, in the short-term, both the U.S. equity markets and gold might outperform the top-ranked asset on CoinMarketCap. 

However, every low volatility period is usually followed by a volatility expansion. This means when the next trending phase starts its strength is likely to surprise the traders.

BTC/USD

Bitcoin (BTC) has been hovering close to the 20-day exponential moving average ($9,259) for the past few days and the relative strength index has flatlined, which suggests that both the bulls and the bears are waiting for a trigger to make the next move.

BTC/USD daily chart

BTC/USD daily chart. Source: TradingView

Without a trigger, the bulls might find it difficult to push the price above the stiff overhead resistance zone of $10,000–$10,500. If the price turns down from this resistance zone, the BTC/USD pair might remain range-bound for a few more days. 

However, with a strong trigger, the pair might rally above the overhead resistance zone and a new sustained uptrend is likely.

On the downside, a break below the trendline of the ascending triangle will signal advantage to the bears. However, without a strong trigger in their favor, the possibility of a break below the critical support at $8,130.58 is low.

It is difficult to predict the timing of the next trigger. Until then, the price is likely to trade inside the $8,130.58–$10,000 range.

ETH/USD

Ether (ETH) has been trading above the 20-day EMA ($236) for the past few days but the bulls have not been able to challenge the resistance at $253.556. This has kept the biggest altcoin stuck inside the $216.006–$253.556 range.

ETH/USD daily chart

ETH/USD daily chart. Source: TradingView

A break above $253.556 will be the first indication that the bulls have overpowered the bears as they are confident of a possible rally to $288.599. If the momentum can clear this resistance, the second-ranked cryptocurrency on CoinMarketCap can rally to $320.

However, if the ETH/USD pair does not bounce off the current levels within the next few days, it could result in a break below the moving averages. If that happens, the pair can drop to the critical support at $216.006, which is likely to be defended aggressively by the bulls.

XRP/USD

The bulls could not sustain the strength in XRP on July 13, which suggests hesitation at higher levels. However, the bulls have not allowed the price to dip below the moving average, which is a mild positive. 

XRP/USD daily chart

XRP/USD daily chart. Source: TradingView

If the bulls can carry the fourth-ranked cryptocurrency on CoinMarketCap above $0.214616, the uptrend is likely to resume with a target objective of $0.235688.

The 20-day EMA ($0.192) is sloping up and the RSI is in the positive zone, which suggests that the bulls are in command.

This bullish view will be invalidated if the bears sink the XRP/USD pair below the moving averages. Such a move can again pull down the pair to $0.17.

BCH/USD

Bitcoin Cash (BCH) broke below the moving averages on July 13 and is now likely to correct to the immediate support at $217.55. If this support holds, the altcoin could remain range-bound between $217.55–$246 for a few days.

BCH/USD daily chart

BCH/USD daily chart. Source: TradingView

However, if the bears sink the fifth-ranked cryptocurrency on CoinMarketCap below $217.55, a drop to the next support at $200 is possible. If this support breaks down, a new downtrend is likely.

The first sign of strength will be a breakout and close (UTC time) above $246. This will pave way for a possible rally to $260 and then to $280.47. The bulls will have to propel the BCH/USD pair above $280.47 to start a new uptrend.

ADA/USD

Cardano (ADA) is facing resistance at the current highs of $0.1380977 but the bears have not been able to sink the price below $0.12, which shows strong buying by the bulls on dips.

ADA/USD daily chart

ADA/USD daily chart. Source: TradingView

The uptrend remains strong with both moving averages sloping up and the RSI in the overbought territory. This suggests that the path of least resistance is to the upside. On a break above $0.1380977, the first target is $0.173 and then $0.20.

Contrary to this assumption, if the price turns down from $0.1380977, the sixth-ranked cryptocurrency on CoinMarketCap might remain range-bound between $0.11–$0.1380977 for a few days. A break below $0.11 will be the first sign that the current uptrend is weakening.

BSV/USD

Bitcoin SV (BSV) has failed to bounce off the 20-day EMA ($177), which shows a lack of demand at higher levels. If the altcoin does not rise from the current levels in the next few days, the possibility of a break below the 20-day EMA increases.

BSV/USD daily chart

BSV/USD daily chart. Source: TradingView

If the bears sink the seventh-ranked cryptocurrency on CoinMarketCap below the 20-day EMA and the $170 support, a drop to $146.20 is possible.

Conversely, if the BSV/USD pair rebounds off the current levels, the bulls will try to carry it to $200 and a break above this level can result in a move to $227. 

The moving averages are flat and the RSI is just above the midpoint, which suggests a balance between supply and demand. Therefore, the pair might remain in a tight range for a few more days.

LINK/USD

As suggested in the previous analysis, the bulls defended the 38.2% Fibonacci retracement level of $7.0023, which is a huge positive. This suggests that the bulls are not waiting for a deeper correction in Chainlink (LINK) to establish fresh positions and the uptrend is intact.

LINK/USD daily chart

LINK/USD daily chart. Source: TradingView

The bears are currently attempting to defend the overhead resistance at $8.48 but if the bulls can sustain the price above this level, the eighth-ranked cryptocurrency on CoinMarketCap is likely to rally to $10.

However, the RSI is deep in the overbought territory, which warrants caution. If the LINK/USD pair struggles to sustain above $8.48, it might enter a few days of consolidation or a minor correction. 

LTC/USD

Litecoin (LTC) again failed to break above the immediate resistance of $46 on July 13, which shows that the bears are aggressively defending this resistance. Repeated failure to break above a resistance usually attracts profit booking from the short-term bulls.

LTC/USD daily chart

LTC/USD daily chart. Source: TradingView

The ninth-ranked cryptocurrency on CoinMarketCap has dropped close to the first support at $42.50. If the price bounces off this support, the bulls will make another attempt to clear the overhead resistance at $46.

However, if the $42.50 support cracks, a drop to the critical support at $39 is possible. The flat moving averages and the RSI just below the 50 level points to a balance between both the bulls and the bears.

The next trending move is likely to start on a breakdown below $39 or on a breakout above $51. Until then, the range-bound action is likely to continue.

BNB/USD

The bears could not sustain the breakout above $18.20, which shows a lack of demand at higher levels. However, if Binance Coin (BNB) rebounds off the 20-day EMA ($16.94), the bulls will make another attempt to push the price back above $18.20.

BNB/USD daily chart

BNB/USD daily chart. Source: TradingView

If successful, the tenth-ranked crypto-asset on CoinMarketCap can rally to $21.50 and then to $22.93. 

The 20-day EMA is gradually sloping up and the RSI is in the positive zone, which indicates that bulls have a slight advantage.

This view will be invalidated if the bears sink the BNB/USD pair below the 20-day EMA. In such a case a drop to the trendline of the ascending triangle is possible. 

CRO/USD

In a strong uptrend, the pullbacks usually last between one to three days. After correcting for three days, Crypto.com Coin (CRO) is attempting to resume the uptrend. A break above the recent high of $0.146157 will confirm a new move higher.

CRO/USD daily chart

CRO/USD daily chart. Source: TradingView

The next target objective on the upside is $0.15306 and if that resistance is crossed, the 11th-ranked cryptocurrency on CoinMarketCap can rally to $0.20. Both moving averages are sloping up and the RSI is in the positive territory, suggesting advantage to the bulls.

Contrary to the assumption, if the bears defend the $0.146157 level aggressively, the CRO/USD pair can turn down and dip to the 20-day EMA ($0.133). A break below this support will be the first sign that the momentum is weakening .

The views and opinions expressed here are solely those of the author 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.

Market data is provided by HitBTC exchange.

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International

US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

Earlier today, CNBC’s…

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US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever... And Debt Explodes

Earlier today, CNBC's Brian Sullivan took a horse dose of Red Pills when, about six months after our readers, he learned that the US is issuing $1 trillion in debt every 100 days, which prompted him to rage tweet, (or rageX, not sure what the proper term is here) the following:

We’ve added 60% to national debt since 2018. Germany - a country with major economic woes - added ‘just’ 32%.   

Maybe it will never matter.   Maybe MMT is real.   Maybe we just cancel or inflate it out. Maybe career real estate borrowers or career politicians aren’t the answer.

I have no idea.  Only time will tell.   But it’s going to be fascinating to watch it play out.

He is right: it will be fascinating, and the latest budget deficit data simply confirmed that the day of reckoning will come very soon, certainly sooner than the two years that One River's Eric Peters predicted this weekend for the coming "US debt sustainability crisis."

According to the US Treasury, in February, the US collected $271 billion in various tax receipts, and spent $567 billion, more than double what it collected.

The two charts below show the divergence in US tax receipts which have flatlined (on a trailing 6M basis) since the covid pandemic in 2020 (with occasional stimmy-driven surges)...

... and spending which is about 50% higher compared to where it was in 2020.

The end result is that in February, the budget deficit rose to $296.3 billion, up 12.9% from a year prior, and the second highest February deficit on record.

And the punchline: on a cumulative basis, the budget deficit in fiscal 2024 which began on October 1, 2023 is now $828 billion, the second largest cumulative deficit through February on record, surpassed only by the peak covid year of 2021.

But wait there's more: because in a world where the US is spending more than twice what it is collecting, the endgame is clear: debt collapse, and while it won't be tomorrow, or the week after, it is coming... and it's also why the US is now selling $1 trillion in debt every 100 days just to keep operating (and absorbing all those millions of illegal immigrants who will keep voting democrat to preserve the socialist system of the US, so beloved by the Soros clan).

And it gets even worse, because we are now in the ponzi finance stage of the Minsky cycle, with total interest on the debt annualizing well above $1 trillion, and rising every day

... having already surpassed total US defense spending and soon to surpass total health spending and, finally all social security spending, the largest spending category of all, which means that US debt will now rise exponentially higher until the inevitable moment when the US dollar loses its reserve status and it all comes crashing down.

We conclude with another observation by CNBC's Brian Sullivan, who quotes an email by a DC strategist...

.. which lays out the proposed Biden budget as follows:

The budget deficit will growth another $16 TRILLION over next 10 years. Thats *with* the proposed massive tax hikes.

Without them the deficit will grow $19 trillion.

That's why you will hear the "deficit is being reduced by $3 trillion" over the decade.

No family budget or business could exist with this kind of math.

Of course, in the long run, neither can the US... and since neither party will ever cut the spending which everyone by now is so addicted to, the best anyone can do is start planning for the endgame.

Tyler Durden Tue, 03/12/2024 - 18:40

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Buried Project Veritas Recording Shows Top Pfizer Scientists Suppressed Concerns Over COVID-19 Boosters, MRNA Tech

Buried Project Veritas Recording Shows Top Pfizer Scientists Suppressed Concerns Over COVID-19 Boosters, MRNA Tech

Submitted by Liam Cosgrove

Former…

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Buried Project Veritas Recording Shows Top Pfizer Scientists Suppressed Concerns Over COVID-19 Boosters, MRNA Tech

Submitted by Liam Cosgrove

Former Project Veritas & O’Keefe Media Group operative and Pfizer formulation analyst scientist Justin Leslie revealed previously unpublished recordings showing Pfizer’s top vaccine researchers discussing major concerns surrounding COVID-19 vaccines. Leslie delivered these recordings to Veritas in late 2021, but they were never published:

Featured in Leslie’s footage is Kanwal Gill, a principal scientist at Pfizer. Gill was weary of MRNA technology given its long research history yet lack of approved commercial products. She called the vaccines “sneaky,” suggesting latent side effects could emerge in time.

Gill goes on to illustrate how the vaccine formulation process was dramatically rushed under the FDA’s Emergency Use Authorization and adds that profit incentives likely played a role:

"It’s going to affect my heart, and I’m going to die. And nobody’s talking about that."

Leslie recorded another colleague, Pfizer’s pharmaceutical formulation scientist Ramin Darvari, who raised the since-validated concern that repeat booster intake could damage the cardiovascular system:

None of these claims will be shocking to hear in 2024, but it is telling that high-level Pfizer researchers were discussing these topics in private while the company assured the public of “no serious safety concerns” upon the jab’s release:

Vaccine for Children is a Different Formulation

Leslie sent me a little-known FDA-Pfizer conference — a 7-hour Zoom meeting published in tandem with the approval of the vaccine for 5 – 11 year-olds — during which Pfizer’s vice presidents of vaccine research and development, Nicholas Warne and William Gruber, discussed a last-minute change to the vaccine’s “buffer” — from “PBS” to “Tris” — to improve its shelf life. For about 30 seconds of these 7 hours, Gruber acknowledged that the new formula was NOT the one used in clinical trials (emphasis mine):


“The studies were done using the same volume… but contained the PBS buffer. We obviously had extensive consultations with the FDA and it was determined that the clinical studies were not required because, again, the LNP and the MRNA are the same and the behavior — in terms of reactogenicity and efficacy — are expected to be the same.

According to Leslie, the tweaked “buffer” dramatically changed the temperature needed for storage: “Before they changed this last step of the formulation, the formula was to be kept at -80 degrees Celsius. After they changed the last step, we kept them at 2 to 8 degrees celsius,” Leslie told me.

The claims are backed up in the referenced video presentation:

I’m no vaccinologist but an 80-degree temperature delta — and a 5x shelf-life in a warmer climate — seems like a significant change that might warrant clinical trials before commercial release.

Despite this information technically being public, there has been virtually no media scrutiny or even coverage — and in fact, most were told the vaccine for children was the same formula but just a smaller dose — which is perhaps due to a combination of the information being buried within a 7-hour jargon-filled presentation and our media being totally dysfunctional.

Bohemian Grove?

Leslie’s 2-hour long documentary on his experience at both Pfizer and O’Keefe’s companies concludes on an interesting note: James O’Keefe attended an outing at the Bohemian Grove.

Leslie offers this photo of James’ Bohemian Grove “GATE” slip as evidence, left on his work desk atop a copy of his book, “American Muckraker”:

My thoughts on the Bohemian Grove: my good friend’s dad was its general manager for several decades. From what I have gathered through that connection, the Bohemian Grove is not some version of the Illuminati, at least not in the institutional sense.

Do powerful elites hangout there? Absolutely. Do they discuss their plans for the world while hanging out there? I’m sure it has happened. Do they have a weird ritual with a giant owl? Yep, Alex Jones showed that to the world.

My perspective is based on conversations with my friend and my belief that his father is not lying to him. I could be wrong and am open to evidence — like if boxer Ryan Garcia decides to produce evidence regarding his rape claims — and I do find it a bit strange the club would invite O’Keefe who is notorious for covertly filming, but Occam’s razor would lead me to believe the club is — as it was under my friend’s dad — run by boomer conservatives the extent of whose politics include disliking wokeness, immigration, and Biden (common subjects of O’Keefe’s work).

Therefore, I don’t find O’Keefe’s visit to the club indicative that he is some sort of Operation Mockingbird asset as Leslie tries to depict (however Mockingbird is a 100% legitimate conspiracy). I have also met James several times and even came close to joining OMG. While I disagreed with James on the significance of many of his stories — finding some to be overhyped and showy — I never doubted his conviction in them.

As for why Leslie’s story was squashed… all my sources told me it was to avoid jail time for Veritas executives.

Feel free to watch Leslie’s full documentary here and decide for yourself.

Fun fact — Justin Leslie was also the operative behind this mega-viral Project Veritas story where Pfizer’s director of R&D claimed the company was privately mutating COVID-19 behind closed doors:

Tyler Durden Tue, 03/12/2024 - 13:40

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International

Association of prenatal vitamins and metals with epigenetic aging at birth and in childhood

“[…] our findings support the hypothesis that the intrauterine environment, particularly essential and non-essential metals, affect epigenetic aging…

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“[…] our findings support the hypothesis that the intrauterine environment, particularly essential and non-essential metals, affect epigenetic aging biomarkers across the life course.”

Credit: 2024 Bozack et al.

“[…] our findings support the hypothesis that the intrauterine environment, particularly essential and non-essential metals, affect epigenetic aging biomarkers across the life course.”

BUFFALO, NY- March 12, 2024 – A new research paper was published in Aging (listed by MEDLINE/PubMed as “Aging (Albany NY)” and “Aging-US” by Web of Science) Volume 16, Issue 4, entitled, “Associations of prenatal one-carbon metabolism nutrients and metals with epigenetic aging biomarkers at birth and in childhood in a US cohort.”

Epigenetic gestational age acceleration (EGAA) at birth and epigenetic age acceleration (EAA) in childhood may be biomarkers of the intrauterine environment. In this new study, researchers Anne K. Bozack, Sheryl L. Rifas-Shiman, Andrea A. Baccarelli, Robert O. Wright, Diane R. Gold, Emily Oken, Marie-France Hivert, and Andres Cardenas from Stanford University School of Medicine, Harvard Medical School, Harvard T.H. Chan School of Public Health, Columbia University, and Icahn School of Medicine at Mount Sinai investigated the extent to which first-trimester folate, B12, 5 essential and 7 non-essential metals in maternal circulation are associated with EGAA and EAA in early life. 

“[…] we hypothesized that OCM [one-carbon metabolism] nutrients and essential metals would be positively associated with EGAA and non-essential metals would be negatively associated with EGAA. We also investigated nonlinear associations and associations with mixtures of micronutrients and metals.”

Bohlin EGAA and Horvath pan-tissue and skin and blood EAA were calculated using DNA methylation measured in cord blood (N=351) and mid-childhood blood (N=326; median age = 7.7 years) in the Project Viva pre-birth cohort. A one standard deviation increase in individual essential metals (copper, manganese, and zinc) was associated with 0.94-1.2 weeks lower Horvath EAA at birth, and patterns of exposures identified by exploratory factor analysis suggested that a common source of essential metals was associated with Horvath EAA. The researchers also observed evidence of nonlinear associations of zinc with Bohlin EGAA, magnesium and lead with Horvath EAA, and cesium with skin and blood EAA at birth. Overall, associations at birth did not persist in mid-childhood; however, arsenic was associated with greater EAA at birth and in childhood. 

“Prenatal metals, including essential metals and arsenic, are associated with epigenetic aging in early life, which might be associated with future health.”

 

Read the full paper: DOI: https://doi.org/10.18632/aging.205602 

Corresponding Author: Andres Cardenas

Corresponding Email: andres.cardenas@stanford.edu 

Keywords: epigenetic age acceleration, metals, folate, B12, prenatal exposures

Click here to sign up for free Altmetric alerts about this article.

 

About Aging:

Launched in 2009, Aging publishes papers of general interest and biological significance in all fields of aging research and age-related diseases, including cancer—and now, with a special focus on COVID-19 vulnerability as an age-dependent syndrome. Topics in Aging go beyond traditional gerontology, including, but not limited to, cellular and molecular biology, human age-related diseases, pathology in model organisms, signal transduction pathways (e.g., p53, sirtuins, and PI-3K/AKT/mTOR, among others), and approaches to modulating these signaling pathways.

Please visit our website at www.Aging-US.com​​ and connect with us:

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For media inquiries, please contact media@impactjournals.com.

 

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