Ahead of its hard fork, Bitcoin Cash surged as high as 29 percent during the weekend trading session. All the eyes are now on whether the altcoin can swell any further, especially when it promises to offer holders free tokens after its blockchain splits. Trading Sentiment around Coin Forks Traders tend to behave bullishly whenever…
Crypto analysts and investors have established the $8,800 resistance level as a short-term target for Bitcoin, based on the optimistic technical indicators of the dominant cryptocurrency. Bitcoin Rally Ahead? Most of the predictions on the short-term rally of Bitcoin originated from data provided by RIG trend lines — an indicator that combines the Relative Strength…
Bitcoin price gained traction and broke the $3,850 and $3,900 resistance levels against the US Dollar. The price rallied recently and even climbed above $4,000 before correcting lower. There is a major bullish trend line formed with support at $3,940 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains…
Key Points Bitcoin price is still struggling to clear the key $6,520 resistance zone against the US Dollar. There is an important bullish trend line in place with support at $6,430 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently at a risk of a bearish reaction towards…
Cosmos’s native token ATOM has surged more than 38 percent in the last five days, validating a textbook technical indicator that now predicts additional 70 percent gains for the cryptocurrency. ATOMUSD breaks out of its Falling Wedge pattern. Source: TradingView.com ATOMUSD breaks out of its Falling Wedge pattern. Source: TradingView.com As shown in the chart…
ETH price remained well supported above the $138 and $140 levels against the US Dollar. The price recovered, but it struggled to break the $148 and $149 resistance levels. There is a new connecting bullish trend line forming with support at $143 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains…
Bitcoin (BTC) has continued to range in a tighter and tighter zone over the past few months with 30, 60, and 120-day volatility pushing yearly lows. The market cap stands at US$112.37 billion, with US$1.42 billion traded in the past 24 hours. The number of Bitcoin transactions per day has slowly increased since April, and…
Key Points Bitcoin price traded further higher above the $6,450 and $6,510 resistances against the US Dollar. There is a short term ascending channel in place with support at $6,505 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely forming a double top pattern near the $6,600 resistance.…
Key Highlights ADA price formed a decent support base near the $0.0600 level against the US Dollar (tethered). There was a break above a crucial declining channel with resistance at $0.0680 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair may continue to rise in the short term towards the…
Chainlink’s native token LINK was among the biggest gainers as a majority of assets in the crypto market plunged deeply earlier this week.The eleventh-largest cryptocurrency beat the bearish odds to grow by more than 40 percent since February 26. It established a week-to-day high at $4.38 in early Saturday trading, hinting its inclination to behave…