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Ethereum is down more than 2% and it is now well below $130 against the US Dollar.Bitcoin price weakened around 3% and it broke the key $7,000 support.Yesterday’s key bearish trend line is active with resistance near $131 on the hourly chart of ETH/USD (data feed via Kraken).ETH could continue
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On Dec. 18 Bitcoin (BTC) price thrilled investors by providing a $1,000 move from $6,430 to $7,450 after bouncing off the descending channel trendline near $6,400. Multiple analysts from CryptoX contributor filbfilb to veteran commodities trader Peter Brandt all pointed to a popular logarithmic model that stressed the importance of
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Ethereum is correcting lower from $135 and it is trading above $125 against the US Dollar.The price is likely to remain in a positive zone as long as it is above $120.There is a breakout pattern forming with resistance near $128 on the hourly chart of ETH/USD (data feed via
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Bitcoin (BTC) continued its broad downtrend towards $7,000 support on Dec. 12, failing to break out of a behavioral pattern that has left traders uninspired.Cryptocurrency market daily overview. Source: Coin360Bitcoin could face “significant drop”Data from Coin360 showed BTC/USD trading down around 1.2% on the day, with only a brief
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Ethereum rallied sharply above the $150 resistance, but failed near $152 against the US Dollar.The price is trimming gains and it is back to pre-rally levels near the $144 support.There is a short term bullish trend line forming with support near $145 on the hourly chart of ETH/USD (data feed
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Ethereum price is under pressure and it could slide towards the $175 support against the US Dollar.Bitcoin is currently correcting higher and it recently tested the $9,000 support area.There was a break below a key bullish trend line with support near $186 on the hourly chart of ETH/USD (data feed
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Bitcoin price is currently correcting lower and is trading below $9,500 against the US Dollar.The price is likely to decline further towards $8,700 before it could rise again.Yesterday’s highlighted key bearish trend line is intact with resistance near $9,460 on the hourly chart of the BTC/USD pair (data feed from
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Bitcoin price is declining and it recently traded to a new monthly low at $7,661 against the US Dollar.The price is trading in a downtrend and it is likely to test the $7,500 or $7,200 level in the near term.There is a key bearish trend line forming with resistance near
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Thursday, Sept. 19 — Bitcoin (BTC) price is back up and seems to be stabilizing just above the $10,200 price mark after experiencing a sudden drop of $500 in minutes earlier today.Market visualization. Source: Coin360Bitcoin is trading sideways againBitcoin’s sideways trading behavior has become standard operating procedure in recent months,
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Bitcoin’s recent drop below $10,000 split an already fractured cryptocurrency community into two distinct camps. On one side are the optimists who believe Bitcoin’s drop to $9,400 is merely a blip on the way to the moon – and an excellent opportunity to buy more coins. On the other side are those
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