Crypto Markets News 

Bitcoin Price in ‘Golden Pocket’ as Trader Warns of $7,400 Breakdown

“As Cointelegraph reported, RSI action suggests Bitcoin is now at the start of a new extended price cycle” writes William Suberg for cointelegraph.com. A measure of price change, RSI breaking resistance can spill over to impact on Bitcoin price. “RSI has broken through both major descending resistances.Other sources were also weary, with trader Scott Melker eyeing a breakdown in Bitcoin’s relative strength index (RSI).Bitcoin (BTC) failed to reclaim $8,500 on Nov. 18 as market sentiment continued trending downwards over the weekend. The overall cryptocurrency market cap stood at $234.3 billion,…

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Crypto Futures Markets News 

Bitcoin Falls Below $9,000 as Price Teases Trading Corridor Breakdown

“In daily trading, Bitcoin hit local lows of $8,980 before likewise bouncing higher, with markets currently trading at around $9,000” writes William Suberg for cointelegraph.com. Bitcoin (BTC) price lost support at $9,000 on Nov. 8 after several days of downward action finally saw markets make a decisive move.Data from Coin360 showed BTC/USD breaking out of its narrow trading corridor between $9,000 and $9,500 on early Friday.As Cointelegraph reported, suspicions have mounted among analysts over price behavior in recent weeks and months. Source: cointelegraph.com

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Can the rest of the world save itself without the US?

“If Trump loses that election, his successor almost certainly would move to keep the US in the Paris agreement” writes Mark Hertsgaard for theguardian.com. The announced US withdrawal from the Paris agreement was big news but also widely misunderstood news.Guterres has invited Thunberg to keynote a special one-day youth climate summit on 21 September and also to address world leaders at the plenary session on 23 September.In part, because the agreement made emissions cuts voluntary, global emissions have continued to increase since 2015. Source: theguardian.com

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Stellar Lumen Price Remains At Risk Of Larger Breakdown

“XLM price remains at a risk of a significant decline if it breaks the $0.0600 support area” writes Aayush Jindal for livebitcoinnews.com. This past week, stellar lumen price started a major decline from the $0.0720 resistance against the US Dollar.If there is an upside break above the trend line, the price could test the main $0.0655 resistance area.If the price fails to climb above the $0.0630 or $0.0655 resistance levels, it could continue to move down. Source: livebitcoinnews.com

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Crypto News 

Bitcoin Price Analysis: BTC At Risk Of Significant Breakdown

“Looking at the chart, bitcoin price is clearly following a bearish path below the $10,300, $10,400 and $10,550 resistance levels” writes Aayush Jindal for livebitcoinnews.com. If there are more upsides, the price could continue to rise towards the $11,000 resistance level.In the past few days, bitcoin price struggled to gain momentum above the $10,500 and $10,550 resistances against the US Dollar. Source: livebitcoinnews.com

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U.S., North Korea Offer Dueling Accounts of Talks Breakdown

“Ri said North Korea proposed that U.S. and North Korean technicians jointly dismantle plutonium, uranium-enrichment and other nuclear material-making facilities at Yongbyon in the presence of U.S. experts” reports realclearpolitics.com. But North Korea challenged that account, insisting it had asked only for partial sanctions relief in exchange for shutting down its main nuclear complex.Longstanding U.S. policy has insisted that U.S. sanctions on North Korea would not be lifted until that country committed to, if not concluded, complete, verifiable and irreversible denuclearization. Source: realclearpolitics.com

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The CEO of a $210 billion pharma company says that US drug prices are working against patients. One chart explains why.

“The list price is actually working against the patient,” Merck CEO Kenneth Frazier said, referring to the expensive, public “list” price of US drugs” writes Emma Court for businessinsider.com. US drug prices are high.Asked whether a change to the rebate system would lead them to lower list prices, some of the seven executives present at the hearing said yes, unequivocally.As part of the Tuesday hearing, Sanofi CEO Olivier Brandicourt provided a rare look behind the curtain of drug prices, with a detailed breakdown of the company’s US sales last year. Source:…

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Markets News 

The market has rallied back to a crucial level — here’s a breakdown of its chances to breakout

“In other words, the market has made an impressive run, right to a key proof point” writes Michael Santoli for cnbc.com. The market has shrugged off evidence of an economic and earnings slowdown — but have investors already priced in positive outcomes on trade policy and Federal Reserve that remain uncertain?.  Source: cnbc.com

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