Cryptocurrency Analysis and News Portal
Bitcoin spiked above $9,400 and $9,500 against the US Dollar. BTC traded to a new yearly high at $9,569 and it is currently showing signs of a downside correction.Bitcoin price is likely forming a short term top near the $9,570 level against the US Dollar.The bulls seem to be losing
Read More
Bitcoin (BTC) made a sudden jump of 9% in the past 24 hours. However, altcoin cryptocurrencies have been showing strength recently as well.Recent surges from large caps have been in the double digits with Dash (DASH) surging 50% and Bitcoin Cash (BCH) 30% in the past four days. Is
Read More
The total crypto market cap is slowly rising and it is now above the $185.0B support.Bitcoin price rallied recently, but it failed to climb above the $7,500 resistance.Binance coin (BNB) price is up more than 5% and it broke the $14.20 resistance area.Litecoin (LTC) price is slowly recovering and it
Read More
Bitcoin on Monday was trading above $7,500 as sellers showed signs of exhaustion near a crucial support area.The cryptocurrency could swell further to test $8,000-8,500 area, according to textbook technical indicators.A gap on the CME’s daily Bitcoin Futures chart hints a revisit to $7,200.Bitcoin opened this week at records as
Read More
Overnight, the bitcoin price rose to as high as $7,642 and is up by more than $1,200 within five days. With the reversal, the dominant cryptocurrency crucially avoided miner capitulation and retest of an ascending channel dating back to 2015.#1: No bitcoin miner capitulation, at least for nowAs reported by
Read More
Ethereum is climbing higher and trading nicely above the $130 level against the US Dollar.The price is likely to continue higher once it surges above the $150 resistance.There is a rising channel forming with support near $133 on the hourly chart of ETH/USD (data feed via Kraken).Bitcoin is up more
Read More
This week Bitcoin (BTC) continued to trade within a tightly defined range and at the time of writing the price is flat. The bulls and bears have been throwing the market back and forth with moments of high volatility on the lower timeframes, all of which are often a
Read More
Bitcoin price is facing a strong resistance near the $7,400 and $7,460 levels against the US Dollar.The price is approaching the key $7,200 and $7,160 support levels.There is a short term declining channel forming with resistance near $7,380 on the hourly chart of the BTC/USD pair (data feed from Kraken).The
Read More
Bitcoin price is recovering and it recently broke the main $7,375 and $7,400 resistances against the US Dollar.The price is likely to start a strong rise to $8,000 once it clears the $7,700 resistance.There is a short term contracting triangle forming with resistance near $7,540 on the hourly chart of
Read More
Following the theft of 342,000 Ether (ETH) ($50 million) from major South Korean crypto exchange Upbit, some commentators have suggested that the hack was actually an inside job.As CryptoX contributor Joseph Young tweeted on Nov. 27:“The ‘hacker’ timed when UPbit was making crypto transfers to its cold wallet (other
Read More