Cryptocurrency Analysis and News Portal
Ethereum is currently consolidating losses above the $172 support against the US Dollar.Bitcoin price is also consolidating above the key $8,000 support area.There is a new connecting bearish trend line forming with resistance near $176 on the hourly chart of ETH/USD (data feed via Kraken).The price is likely to continue
Read More
In recent months, Bitcoin price has slowly descended from the 2019 high of $13,880 to the current levels of just above $8,130. This plunge is beginning to put weak miners out of business. In the past week, Bitcoin’s mining difficulty plunged 7% abruptly. That drop enabled miners to easily solve
Read More
Bitcoin price is currently in a downtrend below the $9,100 pivot level against the US Dollar.The price is trading well below the $8,500 support and the 100-day simple moving average.There is a crucial bearish trend line forming with resistance near $8,880 on the daily chart of the BTC/USD pair (data
Read More
Ripple 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 More
ETH price is struggling to continue to move higher above the $185 resistance against the US Dollar.The price is likely to decline if bitcoin continues to struggle below the $10,250 level.There is a connecting bearish trend line forming with resistance near $182 on the hourly chart of ETH/USD (data feed
Read More
Ripple price is trading in a downtrend below the $0.2600 and $0.2650 supports against the US dollar.The price is likely to extend its decline as long as it is below the $0.2650 level.There is a key bearish trend line forming with resistance near $0.2570 on the hourly chart of the
Read More