Bitcoin reversed after a sharp dip towards the $8,400 support area against the US Dollar. BTC price is now signaling more upsides above $8,800 and $9,000 in the coming sessions.Bitcoin price bounced sharply and formed a bullish engulfing pattern above $8,550 against the US Dollar.The bulls are likely to take control once the price surpasses…
Ripple is currently recovering above $0.2325 against the US Dollar and bitcoin is trading above $8,700. XRP price is likely to surge towards $0.2500 or $0.2600 once it clears the $0.2400-$0.2420 resistance.Ripple price is showing a few positive signs above the $0.2320 area against the US dollar.The bulls seem to be facing a couple of…
Ethereum is slowly rising from the $162 support area, similar to bitcoin from $8,500. ETH price could start a decent increase to $180 or $185 if it settles above $170.Ether price is showing a few positive signs above the $162 and $165 support levels against the US Dollar.Bitcoin price is currently attempting to gain traction…
Much like many other crypto assets, XRP has been on a tear over the past month. Below is a chart from TradingView which shows that the cryptocurrency, third-largest by market capitalization, has gained 36% against the U.S. dollar since bottoming at $0.173 in the middle of December.In spite of this surge, which some say has…
Decentralized Applications (DApps) on the Ethereum network recorded over 1.2 million new users in 2019. Continuous growth of the ETH ecosystem is an essential fundamental factor for its long-term price trend.Report shows there is fast growth everywhere for EthereumThe main area of parabolic growth for Ethereum throughout the past year has been Decentralized Finance (DeFi).…
Whales on the world’s largest bitcoin margin trading platform BitMEX are selling large amounts of BTC. After the rejection at $9,200, investors are seemingly moving towards hedging their holdings to brace for a bigger pullback.According to a platform that reports unusually sizable sell orders on BitMEX, many whales sold millions of dollars worth bitcoin in…
Bitcoin is currently consolidating above the key $8,500 support area against the US Dollar. BTC price could start a fresh rally if it clears the $8,800 resistance area.Bitcoin price is confined in a range above the main $8,500 support against the US Dollar.The bulls are facing hurdles near the $8,760 and $8,800 resistance levels.There is…
Ripple tested the key $0.2240 support area and recovered against the US Dollar, similar to bitcoin. XRP price is showing positive signs and it could rally to $0.2550 if it breaks $0.2420.Ripple price is recovering nicely from the $0.2240 support area against the US dollar.A key inverse head and shoulders is likely forming with support…
Bitcoin is enjoying fresh gains at the start of 2020 as investors continue to speculate on its potential adoption against a series of geopolitical and macroeconomic letdowns.The benchmark cryptocurrency on Sunday surged beyond $9,000 for the first time in three months, up by 28.32 percent since the start of the year. The gains came as…
XRP has plunged by circa 11 percent after registering superficial gains in the past 30 days.The Ripple’s native cryptocurrency established an intraday low of $0.224 on Monday as traders preferred to exit their long position on small profits. So it appears, the downside move was more a natural bearish correction, especially after XRP’s monstrous price…