Bitcoin was rejected on a few occasions near $7,260 and $7,300 against the US Dollar.The price is currently declining and it remains at a risk of more downsides below $7,000.There is a declining channel forming with resistance near $7,180 on the hourly chart of the BTC/USD pair (data feed from Kraken).Ethereum is also struggling below...Read More
Bitcoin price is slowly declining and recently tested $7,100 against the US Dollar.The price is currently recovering, but likely to face hurdles near $7,280 and $7,320.There was a break above a major bearish trend line with resistance near $7,185 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair might slide further...Read More
Ethereum is slowly moving lower towards the $125 support area against the US Dollar.The price is likely to extend losses as long as it is below the $132 resistance.There is a key declining channel forming with resistance near $131 on the hourly chart of ETH/USD (data feed via Kraken).ETH could decline in the near term...Read More
Bitcoin price is currently consolidating above the $7,200 and $7,150 support levels against the US Dollar.The price is likely to climb higher again unless there is a daily close below $7,000.There is a key bearish trend line forming with resistance near $7,240 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair...Read More
The total crypto market cap is holding an important support area near the $185.0B level.Bitcoin price is struggling to continue higher and trading close to the $7,200 support.EOS price is down 2% and it is now trading near the $2.600 support area.Binance Coin (BNB) is down 3% and it failed to stay above the key...Read More
Ethereum is down around 4% from the $138 high and tested the $130 support against the US Dollar.The price is currently consolidating above the $130 support, with a few bearish signs.There is a connecting bearish trend line forming with resistance near $132 on the hourly chart of ETH/USD (data feed via Kraken).Bitcoin failed to stay...Read More
The number of traders who had bullish positions on bitcoin is declining. And it could be significant in determining the cryptocurrency’s next big move.Charts on the Bitfinex exchange earlier showed an almost parabolic rise in long positions, showing that investors expected to profit from a rise in the bitcoin price.Between November 23 and December 23,...Read More
Bitcoin price rallied recently above $7,300 before it ran into $7,500 against the US Dollar.The price is showing positive signs it seems like the bulls aim another test of $7,500.There is a major bullish trend line forming with support near $7,325 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair 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 is now trading above $42.50.BCH...Read More
Ripple price is slowly grinding higher and approaching the $0.2000 resistance against the US dollar.XRP seems to be forming a nice support near the $0.1940 and $0.1925 levels.There is a key rising channel forming with support near $0.1945 on the hourly chart of the XRP/USD pair (data source from Kraken).The price remains well bid and...Read More
Ethereum is up more than 5% and it broke the $130 and $132 resistance levels against the US Dollar.The price is currently consolidating near the $135 level, with a positive bias.There is a key bullish trend line forming with support near $131 on the hourly chart of ETH/USD (data feed via Kraken).Bitcoin also surged above...Read More
After a strong decline, bitcoin price found support near $7,000 against the US Dollar.The price is now trading near the $7,300 and $7,320 resistance levels.There is a major breakout pattern forming resistance near $7,320 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).The price could dip a few points, but it is...Read More
It appears that Bitcoin’s medium-term outlook is rapidly starting to favor bulls, with reports upon reports coming in indicating that the technicals and fundamentals imply that a return to a bullish phase is on the horizon for BTC.Related Reading: What’s Next for the Bitcoin Blockchain? Top Developer Weighs InBitcoin Technical Indicators Continue to Flip GreenAccording to...Read More
A new research paper provides what is perhaps the most informative series of snapshots simulating Lightning Network traffic over the past year. The paper, titled “A Cryptoeconomic Traffic Analysis of Bitcoin’s Lightning Network,” was written by a trio of Hungarian researchers: Ferenc Béres of the Institute for Computer Science and Control, István A. Seres of...Read More
Bitcoin price spiked towards $7,400, but it failed to retain strength against the US Dollar.The bulls need to protect the $7,120 and $7,000 support levels in the near term.There is a major bearish trend line active with resistance near $7,360 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could spike...Read More
The total crypto market cap is holding the key $182.0B and $180.0B support levels.Bitcoin price is trading above the $7,200 support and it could start a fresh increase.Litecoin (LTC) price is slowly rising and it might test the $41.20 resistance.BCH price is up 4% and it is moving higher towards the $200 resistance area.EOS price...Read More
Ethereum is still trading above the $122 and $125 support levels against the US Dollar.The price could start a decent increase above the $128 and $130 resistance levels.This week’s major bearish trend line was breached with resistance near $126 on the hourly chart of ETH/USD (data feed via Kraken).Bitcoin spiked above $7,300, but it failed...Read More
Bitcoin price is just holding the key $7,120 and $7,000 support levels against the US Dollar.A bearish break below the $7,000 support could start a short term downtrend.There are two bearish trend lines forming with resistance near $7,240 and $7,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair is likely...Read More
Ripple price is now trading well below the $0.2000 and $0.1950 supports against the US dollar.XRP is facing hurdles, while bitcoin and Ethereum are declining steadily.There is a connecting bearish trend line forming with resistance near $0.1890 on the hourly chart of the XRP/USD pair (data source from Kraken).The price could continue to decline unless...Read More
Ethereum is slowly moving down and it recently broke the $125 support against the US Dollar.The price is now facing a couple of key hurdles near the $126 and $128 levels.Yesterday’s key bearish trend line is active with resistance near $127 on the hourly chart of ETH/USD (data feed via Kraken).Bitcoin is currently consolidating near...Read More
Bitcoin price is struggling to stay above the $7,160 and $7,120 support levels against the US Dollar.A successful close below $7,120 could accelerate decline below $7,000.There is a key connecting bearish trend line forming with resistance near $7,480 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could either accelerate decline...Read More
Ethereum is struggling to stay above the key $125 support area against the US Dollar.A successful close below $125 could spark another bearish wave in the near term.There is a connecting bearish trend line forming with resistance near $130 on the hourly chart of ETH/USD (data feed via Kraken).Bitcoin is currently consolidating above the $7,200...Read More
Bitcoin price failed to extend gains above $7,700 and declined more than $400 against the US Dollar.The price is now trading below $7,400 and it declined close to the $7,260 support area.Earlier, there was a break below a contacting triangle with support near $7,500 on the hourly chart of the BTC/USD pair (data feed from...Read More
Ripple price is still struggling to gain momentum and declining below $0.1920 against the US dollar.Yesterday, XRP failed to rise substantially, while bitcoin and Ethereum climbed more than 5%.Recently, there was a break below a major bullish trend line with support near $0.1955 on the hourly chart of the XRP/USD pair (data source from Kraken).There...Read More
Ethereum is down more than 5% and it broke the $130 support area against the US Dollar.The price is currently testing the $125 and $126 support levels, with a positive bias.Earlier, there was a break below a contracting triangle with support near $132 on the hourly chart of ETH/USD (data feed via Kraken).Bitcoin is down...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 buying interests among traders renewed...Read More
Read Part 1 of our series, Bitcoin’s 2019 in Tech: What This Year Brought Us, here. Even as we entered 2019 in a bear market, the receding bitcoin price was matched by a rising tide of excitement for and development on Bitcoin’s second layer payment protocol, the Lightning Network. Over the course of the year,...Read More
Bitcoin price rallied more than 5% to clear the $7,500 resistance against the US Dollar.The price is now trading in a positive zone and it could rise further above $7,700.There is a short term breakout pattern forming with resistance near $7,590 on the hourly chart of the BTC/USD pair (data feed from Kraken).There could be...Read More
The total crypto market cap is gaining momentum above the key $192.0B resistance.Bitcoin price is up more than 5% and it broke the $7,500 resistance area.EOS price is slowly rising towards the $2.600 and $2.700 resistance levels.Binance Coin (BNB) is still well below the main $14.00 and $14.20 resistance levels.BCH price is trading above $195...Read More
Ripple price is slowly rising and it is now trading above $0.1950 against the US dollar.The price seems to be lacking bullish momentum above the $0.1980 and $0.2000.There is a key bullish trend line forming with support near $0.1950 on the hourly chart of the XRP/USD pair (data source from Kraken).Ethereum is showing positive signs...Read More
