Cryptocurrency Analysis and News Portal
Bitcoin price is extending losses and it recently broke $8,375 support against the US Dollar.The price is currently correcting, but upsides are likely to be capped by $8,500.Morning’s key bearish trend line is active with resistance near $8,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).Ethereum
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Bitcoin (BTC) price is still retracing from the massive rally two weeks ago, which leads the sentiment to turn bearish. Several signs indicate that the price needs to reverse quite soon, or the whole upwards move is deleted from the charts.Crypto market data. Source: Coin360Bitcoin loses 200-Day MA and
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Bitcoin’s (BTC’s) price has been choppy since its October spike to $10,350, giving no clear indications of where its trend will head next. Overall, crypto’s pioneer asset has been fairly uneventful, with many price fakeouts. Bitcoin’s daily candle bounced off its 50-day moving average (MA) as support on Nov. 12,
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View Bitcoin’s repeated failure to produce a strong bounce from key support indicates the bullish sentiment has fizzled somewhat. Failure to hold above a bearish MA on the longer-term chart indicates scope for a deeper drop. BTC risks falling to $8,800
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Ripple price surged recently above the $0.3040 and $0.3120 resistances against the US dollar.The price is currently trimming gains and trading near the $0.3000 support area.Yesterday’s major bullish trend line is active with support near $0.2990 on the hourly chart of the XRP/USD pair (data source from Kraken).The main support
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Ethereum price is trading nicely above the $185 and $186 support levels against the US Dollar.Bitcoin is holding the $9,200 support, but it is facing hurdles near the $9,400 level.Yesterday’s highlighted key bullish trend line is active with support near $186 on the hourly chart of ETH/USD (data feed via
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Bitcoin price is currently consolidating above the key $9,000 support area against the US Dollar.The price is struggling to gain bullish momentum above the $9,600 and $9,720 resistance levels.There is a connecting bearish trend line forming with resistance near $9,560 on the hourly chart of the BTC/USD pair (data feed
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Ripple price is rising slowly and it is still below the $0.3150 resistance area against the US dollar.The price is facing a lot of hurdles on the upside near the $0.3120 and $0.3150 levels.There is a key bullish trend line forming with support near $0.2950 on the hourly chart of
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While traders have made much ado about recent price action in the Bitcoin (BTC) market, volatility, in reality, has been extremely low; It’s been over two weeks since the cryptocurrency market has seen a bout of massive volatility — something that is can be improbable in bull and bear macro
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Ripple price remained in a positive zone and rallied another 5% above $0.2750 against the US dollar.The price is trading in an uptrend, but it is now facing a strong resistance near $0.2850.There is a rising channel forming with support near $0.2780 on the hourly chart of the XRP/USD pair
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