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Apr 15 2021

Bitcoin (BTC) Price Prediction: BTC/USD Pauses Above $62,000 Support As Bulls Prepare For The Next Round Of Upside Momentum

Bitcoin (BTC) Price Prediction – April 16, 2021
Bitcoin price now fluctuates between $62,000 and $65,000 as bulls struggle to break above the $65,000 resistance. For the past three days, the BTC/USD price has been in a downwards correction above the $62,000 support. Bitcoin will attain a new high above $70,000 if the bulls clear the resistance at $65,000.

Resistance Levels: $65,000, $70,000, $75,000
Support Levels: $50,000, $45,000, $40,000

BTC/USD – Daily Chart

It is no longer news that buyers have overcome the $60,000 ad $61,825 resistance levels after one month of price struggle. The breakout above the resistance levels propels the price to rally to $65,000 high. Nonetheless, for the past three days, buyers are still struggling to overcome the new resistance level at $65,000. After its initial fall to $61,306 low, BTC price resumed fluctuation between $62,000 and $64,000. Buyers have not been able to retest the $65,000 resistance as price consolidates above the $62,000 support. On the upside, if buyers breach the $65,000 resistance, Bitcoin will rally above the $70,000 psychological price level. On the other hand, if sellers break the $62,000 support, the king coin will decline to $60,000 low.

Europe’s Second Largest Insurance Firm, AXA Begins Acceptance of Bitcoin as Payment
AXA has become Switzerland’s first all-line insurer to offer its customers to pay their bills with Bitcoin. Bitcoin payments will be accepted for nearly all AXA products, except for life insurance due to regulatory barriers to the latter. This new policy arrangement has been facilitated through a partnership with the established cryptocurrency broker Bitcoin Suisse. The accelerated digital transformation of the global economy during the coronavirus pandemic has been the main reason for the adoption of Bitcoin as a means of payment. Another reason is that market research conducted by AXA showed that a third of respondents aged between 18 and 55 are interested in Bitcoin. According to AXA Switzerland, “the acceptance of Bitcoin payments is AXA’s response to growing demand from its customers for alternative payment solutions, with new technologies playing an ever greater role.”

BTC/USD – 4 Hour Chart

Bitcoin price is consolidating above the $62,000 support as it prepares for the next round of upside momentum. According to the Fibonacci tool indicator, Bitcoin will rise to the next psychological price level. Meanwhile, on April 14 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement implies that Bitcoin will rise to level 2.0 Fibonacci extension or the high of $70,057.50.

Bitcoin (BTC) Price Prediction: BTC/USD Pauses Above $62,000 Support As Bulls Prepare For The Next Round Of Upside Momentum

Source

Written by bizbuildermike · Categorized: cryptocurrency · Tagged: Adoption, alternative, analysis, bitcoin, Bitcoin Payments, breach, btc, btc price, BTC/USD, coronavirus, correction, cryptocurrency, data, digital, digital transformation, economy, Global, Global economy, insurance, market, news, opinion, other, pandemic, partnership, payment, payment solutions, payments, Price Prediction, Products, Rally, research, Switzerland, upside

Apr 14 2021

Bitcoin Price Prediction: BTC/USD Trades Above $62,500 Resistance After A Sharp Sell-off

Bitcoin (BTC) Price Prediction – April 14

The daily chart reveals that Bitcoin (BTC) bulls still remain in control as the price heads toward a $63,000 resistance level.

BTC/USD Long-term Trend: Bullish (Daily Chart)

Key levels:

Resistance Levels: $69,000, $71,000, $73,000

Support Levels: $57,000, $55,000, $53,000

BTCUSD – Daily Chart

After trading close to the $61,000 support level, BTC/USD is seen following a bullish sentiment as the market price hits the daily high at $64,896 resistance. At the moment, the BTC price is trading around $62,632. However, bulls are gaining control of the market. It is important to realize that the market is still ready for further upside near to mid-term because the gap has not been filled.

Despite the Recent Selloff, BTC/USD Remains Above $62,000

At the moment, the buyers appeared to be gaining control of the market, if the bulls can manage to break above the upper boundary of the channel, the next buying pressure can be expected at $69,000, $71,000, and perhaps $73,000 resistance as the market is currently testing below the 70-level of the daily RSI (14). Meanwhile, a bounce below the moving averages could send the market to $57,000, $55,000, and $53,000 supports.

BTC/USD Medium-Term Trend: Bullish (4H Chart)

On the 4-hour chart, a retest of $62,700 gives the impression that bulls are not yet done. The Bitcoin price rises to fill a significant gap as the bulls remained in control which may take the coin towards the $64,000. In a short time, BTC/USD may hit $63,000 if the bullish pressure continues. Otherwise, the price may plummet to $60,000 and below.

BTCUSD – 4 Hour Chart

On the upside, a bullish move may continue to meet resistance at around $64,500 and above. As of now, the 4-hours RSI (14) is coming out of the negative zone, now turning upward. This could mean that BTC/USD trading is looking for another close resistance. Meanwhile, a significant cross below the 50-level may send the market in a bearish scenario.

Bitcoin Price Prediction: BTC/USD Trades Above $62,500 Resistance After A Sharp Sell-off

Source

Written by bizbuildermike · Categorized: cryptocurrency · Tagged: analysis, bitcoin, Bitcoin Price, btc, btc price, BTC/USD, BTCUSD, data, market, Price Prediction, Technical Analysis, trading, upside

Apr 13 2021

Bitcoin (Btc) Price Prediction: Btc/USD Breaches Crucial Resistance Levels, Pauses Above $63,000 High

Bitcoin (BTC) Price Prediction – April 13, 2021
From every indication, Bitcoin bulls have broken the resistance at $60,000 and $61,800. The price surge has continued above the $63,000 high. This current price movement has a target price of $65,000 high. Buyers will continue the upside momentum after booking profits above the $65,000 high.

Resistance Levels: $58,000, $59,000, $60,000
Support Levels: $40,000, $39,000, $38,000

BTC/USD – Daily Chart

The breaking of the resistance levels has been dramatic since February 21. Firstly, BTC/USD rebounded above the $58,000 support and the bullish momentum propel price to break the $60,000 high. The same bullish momentum retested the $61,000 high but pulled above the $60,000 support. Nonetheless, buyers retested the $61,000 overhead resistance thrice on April 10, 12, and 13 before sellers were overcome. BTC price now has accelerated price movement to resume the upside momentum. Today, Bitcoin is trading at $63,476 at the time of writing. Presently, Bitcoin is fluctuating below $63,500 resistance.

Bitcoin (BTC) Indicator Reading
The king coin is at level 66 of the Relative Strength index period14. It indicates that Bitcoin is approaching the overbought region of the market. Bitcoin is presently above the 80% range of the daily stochastic. It indicates also price is in the overbought region of the market.

BTC/USD – Daily Chart

Bitcoin has resumed upside momentum as price breaks the crucial resistance levels. The Fibonacci tool also indicated an upward movement of the coin. Meanwhile, on April 2 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement implies that Bitcoin will rise to level 1.618 Fibonacci extension or the high of $65,768.70. From the price action, the BTC price is fluctuating below and above $63,000 high.

Bitcoin (Btc) Price Prediction: Btc/USD Breaches Crucial Resistance Levels, Pauses Above $63,000 High

Source

Written by bizbuildermike · Categorized: cryptocurrency · Tagged: analysis, bitcoin, btc, btc price, BTC/USD, data, index, market, opinion, Price Prediction, target, trading, upside

Apr 13 2021

Android Trojans Infect APKPure and Huawei App Stores

Android TrojanAndroid Trojan

Two new active and aggressive Android Trojan variants have been discovered in the wild, impacting users taking advantage of two alternatives, non-Google Play app stores (“third-party” app stores). The discoveries are examples of how malware can spread through other sources outside of Google Play, and highlight the importance of sideloading detection, on-device malware detection, and app risk analysis to secure Android endpoints. With over 300 known third-party app stores hosting millions of applications, these alternatives are increasing in popularity with mobile endpoint users looking to circumvent regional restrictions and paywalls, access older or removed apps, as well as use unverified apps on their devices. Taking advantage of the side-loading capabilities, or unverified installations, these third-party app stores can pose big risks to mobile endpoints and the data they store.

The first and most prominent is a new mobile variant of the Android Triada malware discovered infecting the popular alternative Android app store APKPure app (3.17.18APKPure). Discovered by Doctor Web, this aggressive Android Trojan is capable of acting as the user on the device, including adding or deleting applications or even modifying local data. In this case, the infected APKPure app store was installing malicious applications that display ads on both the lock screen and in new browser tabs as well as collecting device information and sending it back to an unknown source.

APKPure, established in 2014 as an alternative repository of Google Play apps including older versions and no-longer-available titles, is one of the more popular third-party Android app stores available to users. While APKPure has responded to the malware discovery with a new version of their alternative app store (3.17.19), this aggressive infection and attack on Android users is not uncommon for users of third-party app stores due to the lack of security controls, code verification, and trusted security partners. Unfortunately, this is not the only malware seen in APKPure or other third-party app store applications.

The second discovery, also by Doctor Web, is of 10 decoy Android applications available in the Huawei AppGallery infected with a new variant of the Joker/Bread Android Trojan. A decoy application is submitted to app stores with modified code, either to circumvent features or paywalls, but are often found to be ripe with vulnerabilities and mobile malware. In this case, 10 decoy applications from three different developers were loaded with code enabling the attackers to act as the end-user, signing them up for expensive premium mobile services without any real interaction. This form of command-and-control (C2) is a common attack vector on traditional endpoints, and with the rise of mobile endpoint usage, it is no surprise to see it in the wild here.

The Huawei AppGallery is the official app store for Huawei devices and boasts over 45,000 applications and over 390 million global users, but lacks the advanced security controls found in Google Play. While Huawei has taken steps to remove the infected decoy applications from its app store, any customer that has downloaded any of the infected applications will need to take manual steps to remove and secure their device. The infected applications will remain on the device despite Huawei’s actions.

Steps to Protection

Zimperium customers were already protected against both the Android Triada Trojan and Joker/Bread Trojan through the on-device z9 Mobile Threat Defense engine, which identifies if any app is malicious, including zero-day malware.

Zimperium is able to identify devices that have an increased level of risk to malware by identifying which devices allow for app installation from unofficial app stores and unknown sources, as well as any other side-loaded application. Regardless of how the malware was installed, Zimperium’s z9 mobile threat defense engine detects known and unknown malware, keeping mobile users and their data secure.

To ensure your environment is protected from these two variants and attack vectors, we recommend a quick risk assessment. Inside zConsole, admins can review which apps are side-loaded onto the device that could be increasing the attack surface and leaving data and users at risk. After this, admins can identify and address which devices allow for installation from “unknown sources” i.e. third-party app stores.

Not a Zimperium customer? Contact us today for a free mobile risk assessment.

Impacted Applications

APKPure App Store Version 3.17.18APKPure

Decoy applications from Huawei App Gallery

  • StoreSuper Keyboard
  • Happy Color
  • Fun Color
  • New 2021 Keyboard
  • Camera MX – Photo Video Camera
  • BeautyPlus Camera
  • Color Rolling Icon
  • Funny Meme Emoji
  • Happy Tapping
  • All-in-One Messenger

About Zimperium

Zimperium, the global leader in mobile security, offers the only real-time, on-device, machine learning-based protection against Android, iOS and Chromebooks threats. Powered by z9, Zimperium provides protection against device, network, phishing, and malicious app attacks. For more information or to schedule a demo, contact us today.

Previous Zimperium Mobile Security Blog PostPrevious Zimperium Mobile Security Blog Post Gartner 2021 Market Guide for Mobile Threat Defense

Android Trojans Infect APKPure and Huawei App Stores

Source

Written by bizbuildermike · Categorized: Mobile Security · Tagged: 2021, ads, alternative, analysis, android, App Store, Apps, blog, Chromebooks, data, discovery, Environment, Global, Google, html, huawei, infection, information, iOS, malware, market, Mobile, Mobile Endpoint, Mobile Malware, Mobile Security, mobile services, Mobile Threat Defense, more, other, Phishing, photo, risk, risk assessment, security, us, verification, video, vulnerabilities, ZIMPERIUM

Apr 12 2021

Bitcoin Price Prediction: BTC/USD Trades Below $60,000 Level as Downward Correction Lingers

Bitcoin (BTC) Price Prediction – April 12

BTC/USD is seen moving under $60,000 amid the struggle to extend the bullish leg above $61,000.

BTC/USD Long-term Trend: Bullish (Daily Chart)

Key levels:

Resistance Levels: $64,000, $66,000, $68,000

Support Levels: $56,000, $54,000, $52,000

BTCUSD – Daily Chart

BTC/USD has been able to touch the daily high of $61,199. Presently, the Bitcoin price is seen trading below the $60,000 level as the coin finds its way back towards the 9-day and 21-day moving averages. Initially, trading above $60,000 has been an uphill battle for the coin, while most of the price actions above $60,000 stalled around this level.

Where is BTC Price Going Next?

According to the daily chart, the break above $62,000 is going to be a big step for bulls as this will allow them to expand their scope above $61,000 which has always been a restriction for the coin. However, Traders should note that BTC/USD is still very much above the moving averages, which could still bring massively bullish signals for the market. But if the price should slump below the moving averages, the $56,500 level could be an important zone to keep an eye on. Once bulls flip this level into support, the next major supports for the world’s leading crypto could be $56,000, $54,000, and $52,000.

Moreover, as the king coin continues to hover around the $60,000 zone, there are two crucial price levels to pay attention to. The underlying support at $59,000 and the overhead resistance at $62,000 will help determine where prices are headed next as the potential resistance levels are located at $64,000, $66,000, and $68,000. Meanwhile, the technical indicator RSI (14) suggests a sideways movement as the signal line moves around 60-level.

BTC/USD Medium-Term Trend: Ranging (4H Chart)

According to the 4-hour chart, BTC/USD needs to remain above the 9-day and 21-day moving averages to mitigate the short-term bullish pressure and allow for an extended recovery towards $60,000.  In addition, a higher resistance level may be found at $62,000 and above.

BTCUSD – 4 Hour Chart

On the other hand, the nearest support is below the moving averages at $59,000, and a critical move below this level may increase the downside pressure to the support level of $58,000 and below. Meanwhile, the technical indicator RSI (14) is staring at the downward movement as the signal line moves below the 56-level.

Bitcoin Price Prediction: BTC/USD Trades Below $60,000 Level as Downward Correction Lingers

Source

Written by bizbuildermike · Categorized: cryptocurrency · Tagged: analysis, bitcoin, Bitcoin Price, btc, btc price, BTC/USD, BTCUSD, correction, crypto, data, going, LINE, market, note, opinion, other, Price Prediction, step, Technical Analysis, trading

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