The bitcoin price plunged on Tuesday after facing another strong rejection from a psychological resistance area. The leading cryptocurrency established a new intraday low near $7,274, down 5.11 percent from the local high of $7,552.92. The move downhill reasserted the $7,500-7,600 range as a crucial wall standing before bulls. The area has rejected bitcoin’s upside…
Matic, a cryptocurrency known to have an active and supportive community, plunged by more than 50% on the day and over 70% at the day’s lowest point. But, such a drop can occur to any minor crypto asset. According to global markets analyst Alex Krüger, large hands can adjust the selling volume of a cryptocurrency,…
Bitcoin price traded to a new weekly high at $7,664 and declined recently against the US Dollar. The price is now trading below the $7,420 and $7,400 support levels. There is a key bearish trend line forming with resistance near $7,525 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair…
The total crypto market cap is declining and it is now well below the $200.0B resistance. Bitcoin price is down close to 2% and it is now trading below the $7,400 support. EOS price is approaching the $2.600 support area and it could bounce back. Binance Coin (BNB) is currently down around 3% and it…
Ripple price is currently declining from the key $0.2320 resistance area against the US dollar. The price is now trading below $0.2260 and it is showing a few bearish signs. Yesterday’s major bullish trend line was breached with support near $0.2280 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum is…
Blockchain project EOS started this week on a negative note after an independent agency downgraded its rating from B to C-.Weiss Crypto Ratings published a report on December 6 wherein it demoted EOS to lower ranks over its centralization. The agency noted that just 0.01 percent of the EOS token holders control over 68 percent…
Bitcoin price is showing positive signs above the $7,400 resistance area against the US Dollar.The price is likely to clear the $7,560 and $7,600 resistances to continue higher.There is a major bullish trend line forming with support near $7,490 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could rally once…
The total crypto market cap is slowly rising and it is currently near the $200.0B resistance.Bitcoin price is up close to 2% and it is now trading above the $7,500 resistance.Litecoin (LTC) price is now trading above $45.00, but it is still facing a lot of hurdles.Bitcoin cash price is climbing higher towards the key…
If you’ve been on Crypto Twitter at all over the past few months, you’ve likely noticed the phrase “Bitcoin golden cross” tossed around incessantly. The reason, the leading cryptocurrency’s weekly chart is on the verge of printing what is known as a “golden cross,” when a short-term moving average crosses over a long-term one to…
Since Bitcoin topped in June, mainstream haters of cryptocurrencies and related technologies, such as Peter Schiff and Nouriel Roubini, have asserted that BTC is in an “echo bubble.” While many have laughed off this sentiment as pure delusion, the charts may be telling a different story.Related Reading: Bitcoin CME Futures Gaps Are Filled With 95% Certainty,…