Bitcoin price is down around 4% and it broke the key $7,000 support against the US Dollar.The price is likely to continue lower towards $6,500 or $6,200 in the near term.There is a short term contracting triangle forming with resistance near $6,880 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair...Read More
The total crypto market cap is declining and it is now trading below the $185.0B support.Bitcoin price is down 3% and it recently broke the $7,000 support area.Binance coin (BNB) price dived more than 8% below $14.00 and $13.50.Litecoin (LTC) price is sliding and trading well below the $40.00 support area.BCH price finally traded below...Read More
Ripple price is down close to 6% and it broke the $0.2050 support area against the US dollar.The price is likely to continue lower below $0.2000 and $0.1980 in the near term.Earlier, there was a break below a couple of bearish continuation patterns with support near $0.2120 and $0.2050 on the hourly chart of the...Read More
Ethereum is down more than 6% and it broke the key $140 support area against the US Dollar.The price tested the final bearish target near the $132 and $130 levels.There is a short term contracting triangle forming with resistance near $133 on the hourly chart of ETH/USD (data feed via Kraken).The price could correct higher,...Read More
Bitcoin has plunged by approximately 50 percent from its 2019 peak. And the cryptocurrency is hinting to continue trending downwards before the year’s close. The negative sentiment in its market, nevertheless, is benefiting rival cryptocurrencies.That is particularly true for XTZ, the native asset of Tezos, a proof-of-stake blockchain project whose market valuation has grown twofold across...Read More
Bitcoin price is trading in a bearish zone below the $7,200 resistance against the US Dollar.The price is currently struggling to stay above the $7,000 support area.There is a connecting bearish trend line forming with resistance near $7,120 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair is likely to face...Read More
The total crypto market cap is trading well below the $192.0B and $200.0B resistance levels.Bitcoin price is struggling to stay above the main $7,000 support area.EOS price is declining and it is likely to trade below the $2.500 support area.Binance Coin (BNB) is approaching the key $14.00 support area.BCH price is still holding the main...Read More
Ripple price is sliding and it is under pressure below the $0.2200 resistance against the US dollar.The price is now trading below $0.2150 and it could decline further below $0.2100.There is a crucial bearish trend line forming with resistance near $0.2180 on the hourly chart of the XRP/USD pair (data source from Kraken).There are high...Read More
Ethereum is struggling to recover above the $144 and $146 resistance levels against the US Dollar.The price is facing an uphill task and it could continue to move down below $140.There is a key bearish trend line forming with resistance near $143 on the hourly chart of ETH/USD (data feed via Kraken).The price remains at...Read More
Bitcoin hasn’t had the best second half of 2019. In fact, since the end of June, the leading cryptocurrency has collapsed by 50%, now trading at $7,000 after establishing a year-to-date peak at $14,000.This collapse has made many cryptocurrency critics revel. Mark Dow, a prominent hedge fund manager that became famous in the crypto space...Read More
So-called safe-haven asset bitcoin appears mum as Trump hints an optimistic “phase one” deal with China and Boris Johnson wins the U.K. parliamentary election.The cryptocurrency risks more declines due to prevailing bearish bias.Strong technical support could send the price back towards $7,500-8,500 area.Bitcoin slipped towards $7,000 this weekend as signs of growth in the U.S.-China...Read More
Ethereum’s journey, be it its hard fork or developments around DeFi, has been progressing smoothly. However, the price of Ether seems to be faltering as it keeps knocking off every support it encounters. At press time, price of Ether was $140 and testing another important support level; breaching this would spell trouble. Source: ETH/USD TradingViewEther...Read More
After struggling to recover above $7,300, bitcoin price started a fresh decline against the US Dollar.The price is currently trading in a bearish zone just above the $7,000 support area.There is a key bearish trend line forming with resistance near $7,260 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).The price is...Read More
ETH price is trading in a bearish zone below the $142 and $146 resistance levels against the US Dollar.The price is declining and it seems like it could continue to drop below $140.There is a major bearish trend line forming with resistance near $142 on the 4-hours chart of ETH/USD (data feed via Kraken).The pair...Read More
Over the past few weeks, Bitcoin (BTC) has found itself consolidating in the low-$7,000s, holding this key support region as bears threaten the cryptocurrency’s demise. While this consolidation has been bullish, in that selling pressure has abated for weeks, setting the stage for a bullish reversal, a market cycle analysis by a popular crypto trader...Read More
Key Takeaways Multiple outcomes indicate a converging bearish case for Bitcoin in the coming week. The 4-hour chart shows a dip below the $7,000 region and a retest of November 25 low, $6,515. Further bearish momentum could slide Bitcoin to $6,200, and possibly to $5,920. As Bitcoin’s price lugs in the $7,000 region for the...Read More
Two years ago, as Bitcoin inched closed to the $20,000 valuation, several altcoins joined the rally. None more so than XRP, the premier payments-centric cryptocurrency enjoyed a massive high in late-2017, and relatively held back its losses in the crypto-winter of 2018. In 2019, the markets have not been too kind to this digital currency....Read More
On Dec. 11 Zcash activated the Blossom network upgrade. Announced last year, the upgrade halved the block time to 75 seconds to increase throughput. Markets responded positively, but can that last? The Blossom upgrade is a fairly simple change that doubles the throughput of the Zcash blockchain. Blocks are produced twice as fast while maintaining...Read More
Bitcoin price is showing a lot of bearish signs below the $7,280 resistance against the US Dollar.The price is likely to face resistance and selling interest near the $7,280 and $7,400 levels.There is a short term rising channel forming with resistance near $7,290 on the hourly chart of the BTC/USD pair (data feed from Kraken).The...Read More
Ripple price is struggling to recover above the $0.2200 resistance area against the US dollar.The price remains at a risk of more downsides below the $0.2180 support area.There is a declining channel forming with resistance near $0.2210 on the hourly chart of the XRP/USD pair (data source from Kraken).Ethereum recovered a few points, but it...Read More
Ethereum is slowly recovering from the $140 support area against the US Dollar.The price is currently facing resistance near the $145 level and the 100 hourly SMA.There was a break above this week’s key bearish trend line with resistance near $144 on the hourly chart of ETH/USD (data feed via Kraken).The price might make another...Read More
The Stellar Development Foundation is shutting down its $120 million airdrop program amid fraudulent account sign-ups. Stellar’s largest airdrop to date is over In September, the Stellar Development Foundation (SDF)—“a non-profit organization founded in 2014 to support the development and growth of the open-source Stellar network”—partnered up with Keybase, a free group messaging community and...Read More
Bitcoin price is declining and it is now trading below the $7,200 support against the US Dollar.The price is likely to struggle near the $7,200 and $7,280 levels if it corrects higher.There is a key bearish trend line forming with resistance near $7,190 on the hourly chart of the BTC/USD pair (data feed from Kraken).The...Read More
The total crypto market cap is declining and struggling to stay above the $188.0B support.Bitcoin price is down more than 2% and it broke the $7,200 support area.Litecoin (LTC) price is declining and approaching the $43.20 support area.BCH price is somehow holding the main $200 support area.EOS price is sliding and it seems like it...Read More
Ripple price is declining and it recently broke the key $0.2200 support area against the US dollar.The price is likely to face hurdles near $0.2200 and $0.2240 in the near term.Yesterday’s key bearish trend line is intact with resistance near $0.2200 on the hourly chart of the XRP/USD pair (data source from Kraken).The bears are...Read More
Ethereum is down more than 2% and it broke the $142 support area against the US Dollar.The price is currently correcting higher, but it could face hurdles near $142 and $144.Yesterday’s major bearish trend line is active with resistance near $145 on the hourly chart of ETH/USD (data feed via Kraken).The price remains in a...Read More
Digital currency prices have slumped again as the entire crypto market capitalization has dropped below $200 billion. At press time, most of the top digital assets are down a few percentages after gathering some gains over the last few days. With multiple coins getting rejected after trying to surpass upper resistance, skeptics think crypto prices...Read More
Bitcoin price failed to stay above the $7,400 support and declined recently against the US Dollar.The price is trading below $7,280 and it could even decline below the $7,160 support.There is a major declining channel forming with resistance near $7,240 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair remains at...Read More
The total crypto market cap is declining and struggling to stay above the $188.0B support.Bitcoin price is down more than 2% and it broke the $7,320 support area.Litecoin (LTC) price is sliding and it may soon test the $42.20 level.BCH price is struggling and it seems like it could break the $200 support area.Tron (TRX)...Read More
Ripple price declined recently below the $0.2240 and $0.2220 support levels against the US dollar.The price is currently correcting higher, but facing resistance near $0.2240 and $0.2260.There is a key bearish trend line forming with resistance near $0.2240 on the hourly chart of the XRP/USD pair (data source from Kraken).Ethereum is facing an increase in...Read More
