Over the past few weeks, the price of gold has begun to pick up steam, surging by $35, some 2.5%, in the past three days. In the past four weeks, since the start of December, the asset has gained 4%.While this Santa Claus rally has already brought the price of the metal above $1,500, where…
Earlier this month, Bitcoin (BTC) plunged as low as $6,400, marking a new multi-month low for the leading cryptocurrency. But as fast as the crypto dropped, it reversed, with BTC surging to $7,700 just last weekend on the back of bulls looking to buy in the $6,000s.Related Reading: Why Bitcoin Network’s Record 2019 Is Bullish…
Earlier this month, the one-week Bitcoin chart printed an extremely bullish sign: the golden cross of the 50-week and 100-week simple moving averages, with the former crossing above the latter. (As an aside, a golden cross is when a short-term moving average crosses over a long-term one to imply bulls have control.)Related Reading: Bitcoin Poised to Collapse…
XRP hasn’t done too hot over the past few months, both in terms of its performance against the U.S. dollar and against Bitcoin. Even over the past year, the third-largest altcoin has collapsed by 50%, underperforming the leading cryptocurrency by a massive margin.Despite this, an analyst is starting to believe that the price of XRP…
Offbeat asset bitcoin is having a difficult time attracting investors during this Christmas holiday.The benchmark cryptocurrency, which is still up by more than 100 percent on a year-to-date (YTD) scale, plunged by up to 8.27 percent this week. On Friday, bitcoin established a fresh weekly low of $7,053.32. At its highest, it was trading at…
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…
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…
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…
Earlier this year, in late-September, prominent Bitcoin analyst FilbFilb posted this chart below, showing that he expects for BTC to jump by dozens of percent to near $10,000, then collapse to the low-$6,000s to interact with the “miners bottom range.”While some laughed this off as pure bearish sentiment at the time, FilbFilb’s prediction was proven…
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…