Cryptocurrency Analysis and News Portal
Top-Down Crypto Looks Bullish While Bitcoin’s recent price action signals almost anything but a bull rally, some analysts have begun to argue that technical indicators are starting to turn in the favor of cryptocurrencies. JB, an industry commentator on Twitter, recently took to his feed to convey why the two-week crypto
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Ripple price declined further below $0.3080 and tested the $0.3000 support area against the US dollar.The price traded as low as $0.2983 and it is currently correcting above the $0.3050 level.There is a major declining channel in place with resistance near the $0.3145 level on the hourly chart of the
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Key HighlightsETH price declined further and broke the $121 support area against the US Dollar.There are two bearish trend lines formed with resistance near $121 on the hourly chart of ETH/USD (data feed via Kraken).The pair may correct higher in the short term, but it remains a sell near the
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Meet Peter Brandt Peter Brandt is likely a name you have heard thrown around in the cryptosphere in recent years. Brandt, for those who are unaware, is a commodity markets trader with decades of experience and, a newfound(ish) Bitcoin (BTC). Although the American trader has taken a liking to the flagship cryptocurrency,
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Crypto Market Establishes YTD Low: Bitcoin At $3,650, Ethereum Hits Double-Digits In the past day, bears haven’t abated their rampage, continuing to incessantly place straws on the back of the crypto camel. Bitcoin (BTC), for instance, continued its tumult, stumbling under $3,500. Altcoins, as always, followed suit, sending the aggregate value
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Key PointsBitcoin price failed to break the $4,080 resistance level and declined recently against the US Dollar.Yesterday’s highlighted two key bearish trend lines are active with resistance near $4,000 and $4,090 on the hourly chart of the BTC/USD pair (data feed from Kraken).The price remains in a major downtrend and
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Key PointsBitcoin price recovered recently and traded above the $4,000 and $4,200 levels against the US Dollar.There is a key bearish trend line formed with resistance at $4,320 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).The pair is likely to struggle to break the $4,320, $4,400,
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Today is a tough day for cryptocurrencies.A large-scale selloff action has erased over $8 billion off the crypto market. The total market capitalization is $205 billion at the press time, down from $213 billion from yesterday. The market has a record of recovering from anywhere near $186 billion, which could
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Experts from analytical firm Trefis have forecasted increased sales of Nvidia’s graphics processing units (GPUs) at the end of the third quarter (Q3) of this year, Forbes reported Nov. 13. Trefis notes that, while overall GPU sales will be up, sales from cryptocurrency-related activities will remain in a downtrend.American GPU
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Key HighlightsEthereum classic price extended losses and traded towards the $8.75 level against the US dollar.This week’s followed important bearish trend line is intact with resistance at $9.25 on the hourly chart of the ETC/USD pair (Data feed via Kraken).The pair may recover a few points, but it is likely
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