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Bitcoin (BTC) risks sliding back into bearish territory should onchain activity and overall market health continue to decline, warns analytics firm Glassnode.The latest market update from Glassnode shows that the GNI index, which measures the overall state of the Bitcoin network, dropped 18% or 13 points week-on-week, to a
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Ripple traded higher and broke the $0.2000 resistance following bitcoin price rise against the US Dollar. However, XRP is still facing many hurdles near $0.2100 and $0.2200.Ripple is trading higher and it managed to clear the $0.1980 and $0.2000 resistance levels against the US dollar.The price is currently facing a
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Since the lows that were experienced in March, both Bitcoin and the S&P 500 have been on a steep recovery.The leading cryptocurrency peaked at over 170% from the price of the March lows, while the S&P 500 gained from ~2,150 points to a recent high of 2,950 in dramatic fashion.Assets
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Ripple traded to a new weekly low at $0.1849 and currently correcting higher against the US Dollar. XRP is likely to face a major resistance near the $0.2000 and $0.2050 levels.Ripple is showing signs of an upside correction from the $0.1850 swing low against the US dollar.The price is currently
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A reoccurring theme in many Bitcoin analyses over the past few weeks has been mentions of a “rising wedge.”For those unaware, a rising wedge is a common chart pattern marked by a strong uptrend. Although this uptrend may seem bullish from a top-down perspective, rising wedges are textbook reversal patterns.Per
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Ethereum, like most other major altcoins, has seen some intense upwards momentum today that has allowed the cryptocurrency to significantly extend its recent uptrend as it begins showing signs of going parabolic again.This latest move has allowed the crypto to nearly invalidate a previously bearish technical formation that it was
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Ripple blockchain’s native cryptocurrency XRP hit its seven-week high during Wednesday trade.The gains came as a part of a broader cryptocurrency market uptrend that saw every high-cap token painting fresh local highs.But XRP’s interim uptrend could run out of breath as price tests a strong technical resistance.XRP, the cryptocurrency that
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Ethereum, like most of its peers, has incurred a slight amount of selling pressure today that has led it to decline from highs of just under $200 that were set yesterday. This tempered move lower comes as the crypto is caught within a firm mid-term uptrend.It does appear that this
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Ripple is down more than 5% and it broke the key $0.1850 support against the US Dollar. XRP price is correcting losses, but upsides are likely to remain capped near $0.1850 or $0.1880.Ripple price is showing bearish signs below the $0.1880 pivot level against the US dollar.The previous key support
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It's been another bullish week for Bitcoin (BTC) as the price surged past the critical $7,200 resistance, as mentioned in last week's analysis, all the way to $7,300.However, the price has corrected slightly and is now sitting just below $7,200. So was this the local top? Or has the leading
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