Cryptocurrency Analysis and News Portal
A zoomed out version of the bitcoin chart shows it would take the cryptocurrency another 365 days to achieve a full-fledged upside breakout.Brought to notice by Teddy Cleps, a prominent cryptocurrency analyst, the weekly Bitcoin chart shows the possibility of it forming a massive bullish pennant. In retrospective, a Pennant
Read More
Bitcoin price is down more than 8% and it dived below $7,500 against the US Dollar.The price is currently correcting higher after trading to a new monthly low near $7,300There are two connecting bearish trend lines forming with resistance near $7,450 and $7,660 on the hourly chart of the BTC/USD
Read More
The total crypto market cap is down more than 10% and it broke the $200.0B support area.Bitcoin price declined heavily and traded below the $7,500 support area.EOS price is down more than 8% and it traded close to the $2.500 support area.BCH price is still holding the main $200 support
Read More
Ethereum price declined heavily below $170 and traded close to $150 against the US Dollar.Bitcoin price is down more than 8% and it even traded below the key $7,500 support.Yesterday’s highlighted bearish trend line is intact with resistance near $165 on the hourly chart of ETH/USD (data feed via Kraken).The
Read More
Bitcoin took a deep dive on Wednesday to test the levels last seen in May.The benchmark cryptocurrency plunged by up to circa $566.29, or 7.65 percent, in just two hours of trading. The move downside brought bitcoin down to a session low of $7,402.20. While the price later corrected, its
Read More
Analyst, Chris Mancini claims governments are increasingly turning to gold, and not Bitcoin, in order to hedge against economic uncertainty. Motivated by geopolitical wranglings, as well as a desire to reduce dollar reliance, the Chinese and Russian central banks are driving demand for gold. Is Bitcoin now out of the
Read More
Bitcoin price is declining after it failed to climb above the key $8,300 resistance against the US Dollar.The price is under pressure and it is now trading below the $8,000 support area.There was a break below a connecting bullish trend line with support near $8,080 on the hourly chart of
Read More
The total crypto market cap failed to climb above the $220.0B resistance and declined recently.Bitcoin price is down 3% and it is now trading below the $8,000 support area.Binance coin (BNB) price failed to stay above the $18.00 support and resumed its decline.Litecoin (LTC) price is down around 4% and
Read More
Ethereum price is declining again after it failed to break $178 and $180 against the US Dollar.Bitcoin price is also moving down and it is likely to break the $8,000 support area.There is a key bearish trend line forming with resistance near $172 on the hourly chart of ETH/USD (data
Read More
Bitcoin was maintaining its weekend gains on Tuesday as investors assess positive outcomes from the ongoing US-China trade talks but remained uncertain over the Brexit deal.The benchmark cryptocurrency established a session high of $8,296.50, up 1.05 percent from the market open. The upside move was minor in the context of
Read More