Price Analysis 08/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX
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Two weeks ago, Bitcoin price set a record for its third-largest 24-hour gain in the young asset’s short history, rocketing from $7,400 to $10,500 from low to high.After weeks of consolidation, the crypto asset has run out of steam and has begun to fall, first breaking below support at $9,000
Read MoreBitcoin (BTC) price lost support at $9,000 on Nov. 8 after several days of downward action finally saw markets make a decisive move.Data from Coin360 showed BTC/USD breaking out of its narrow trading corridor between $9,000 and $9,500 on early Friday. Bitcoin flickers bearishThat corridor had broadly characterized the largest
Read MoreBitcoin price is struggling to rebound and declining below the $9,300 support against the US Dollar.The price is likely to accelerate decline if it breaks the $9,120 support area.There is a major bearish trend line forming with resistance near $9,240 on the hourly chart of the BTC/USD pair (data feed
Read MoreRipple price is showing bearish signs and recently declined below $0.2980 against the US dollar.The price is currently consolidating losses above $0.2850 after it traded as low as $0.2746.There is a short term breakout pattern forming with resistance near $0.2910 on the hourly chart of the XRP/USD pair (data source
Read MorePhoto: ShutterstockBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD tech analysisBrexit helps the BTC – Easy CryptoChina does not consider mining unwanted activity anymoreOn W1, the Bitcoin is trying to secure above the resistance line it has overcome. This might mean that the market players are waiting for yet another
Read MoreView 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
Read MoreOver the past week Ether (ETH) has shown that it is not permanently hinged to Bitcoin’s (BTC) price action and notably, a number of altcoins are also beginning to forge their own paths higher. Ethereum breaks through key resistanceClose analysis of the ETH/USD and ETH/BTC chart shows rumblings of a
Read MoreBitcoin price is declining and it is trading below the key $9,400 resistance against the US Dollar.The price is likely to find a strong buying interest above the $9,200 support area.There is a key contracting triangle pattern forming with resistance near $9,360 on the hourly chart of the BTC/USD pair
Read MoreRipple 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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