Cryptocurrency Analysis and News Portal
AnalysisWhen looking at the chart below, we can see that Ethereum (ETH)trade is currently trading at $166.67. The ETH price has recently broken the support of $171.25 turning it into resistance with the next support level at $160.75.The second-largest cryptocurrency’s price has fallen 26% which clearly indicates a negative momentum.
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Bitcoin price is down more than 12% and it recently broke the $8,500 support against the US Dollar.The price is currently correcting higher, but the $8,750 and $8,800 levels are preventing recovery.There is a crucial bearish trend line forming with resistance near $9,500 on the hourly chart of the BTC/USD
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Is the Bitcoin Price Leaving the Bears Behind? September 16, 2019 by Ramiro Burgos At last, the bitcoin price has started to leave its bearish channel influence behind. Recently it has consolidated above the $10,000 USD level as a new market reference, while a long term formation takes place. That’s
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Bitcoin price is currently correcting higher above the $10,000 resistance against the US Dollar.The price is facing many key resistances near the $10,250, $10,300 and $10,400 levels.There is also a connecting bearish trend line forming with resistance near $10,450 on the hourly chart of the BTC/USD pair (data feed from
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