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Bitcoin’s intense consolidation phase may soon draw to a close, as multiple technical patterns are now suggesting that some massive volatility is imminent. This potential trend-defining movement comes after months of range-bound trading between $9,000 and $10,000. Throughout the past few weeks, this trading range has narrowed to between $9,000 and $9,300,
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On Thursday, July 16th, the quotations of the BTC renew local lows after another failure to overcome the resistance line of the descending channel. It seems that market participants regard the level of $9000 as the main support line and will test it.By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD tech analysisBitcoin
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Ethereum has declined over the past 24 hours alongside Bitcoin and the aggregated cryptocurrency market. Despite flashing some signs of strength in recent times, this has not been enough to break its tight correlation with BTC.Analysts do believe that the cryptocurrency is now positioning itself to post a massive upwards
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Ethereum failed to surpass the $250 resistance and declined sharply against the US Dollar. ETH price could continue to move down as long as it is below $240 and the 100 hourly simple moving average.Ethereum started a major decline after it failed to clear the main $1250 resistance zone.The price
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Bitcoin is currently correcting higher from $8,645 against the US Dollar. BTC price needs to clear the $9,100 resistance area to start a strong upward move and avoid a major downtrend.Bitcoin is facing a couple of key hurdles near the $9,000 and $9,100 levels.The price must settle above the 100
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Ethereum failed to continue above the $210 resistance and declined recently against the US Dollar. ETH price must stay above $195 and $192 to avoid a major downtrend.Ethereum is still struggling to break the $210 and $215 resistance levels.The price might start a decent recovery wave as long as it
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Bitcoin has been going wild over the past few hours. Its price surged rapidly towards $9,900, but an internal issue on BitMEX caused this platform to go down affecting the flagship cryptocurrency.Following the incident, Bitcoin took a 3.5% nosedive erasing the gains made today.Data from Datamish shows that $11.4 million
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Ripple remained strong above $0.1900 and $0.1920 against the US Dollar. However, XRP must surpass the $0.2000 and $0.2050 resistance levels to gain bullish momentum in the near term.Ripple is slowly moving higher and it is trading above the $0.1950 level against the US dollar.The price is currently facing a
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Ethereum has been able to capture some notable upwards momentum today, surging towards its key near-term resistance at $210 as the aggregated crypto market pushes higher.This has allowed the crypto to narrowly avoid seeing massive losses stemming from a previously bearish market structure that it had formed.ETH isn’t completely out
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Bitcoin is currently trading in a broad range above the $6,500 support against the US Dollar. BTC is facing a major resistance near $7,500 and the 100-day simple moving average.Bitcoin is still in a larger downtrend below the $7,500 resistance against the US Dollar.The price is currently consolidating above the
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