The total crypto market cap declined to $242.0B and is currently correcting higher. Bitcoin price is currently correcting higher and is trading above the $10,200 level. BCH price stayed above the $300 support and it is currently near the $310 level. EOS price is currently consolidating above the key $3.500 support area. Stellar (XLM) price…
Ripple price trimmed losses after it traded as low as $0.2336 against the US dollar. The price is currently trading above the $0.2500 pivot level with a few positive signs. A major contracting triangle pattern is forming with resistance near $0.2670 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair…
ETH price declined to a new monthly low at $173 and recently recovered against the US Dollar. There was a break above the $180 and $182 resistance levels. This week’s followed major bearish trend line is in place with resistance near $202 on the hourly chart of ETH/USD (data feed via Kraken). The pair is…
Bitcoin price remained in a bearish zone and even dropped below $10,000 against the US Dollar. The price is now trading well below the $10,200 level and it could continue to slide. There is a key bearish trend line forming with resistance near $10,150 on the hourly chart of the BTC/USD pair (data feed from…
The total crypto market cap extended its decline and broke the key $265.0B support area. Bitcoin price is down more than 5% and it tested the $10,000 support area. Binance coin (BNB) price broke the key $28.50 support level to move into a bearish zone. Litecoin (LTC) price is down 10% and it broke the…
A majority of Austrians are skeptic about decentralized cryptocurrencies like bitcoin, according to a new ING International survey. Only 13 percent of the participants from Austria expressed optimism towards cryptocurrencies, making the country of one of the world’s most prominent anti-bitcoin regions in terms of public sentiment. On the other hand, ING found that people…
A weakening Chinese Yuan (Renminbi) is helping to fuel the bullish sentiment of bitcoin, according to Taimur Baig of DBS’ Singapore unit. The chief economist told Financial Times that the recent run-up in the bitcoin price took place after the People’s Bank of China (PBoC) forced the value of the renminbi below $0.14 for the…
Bitcoin price broke the key $11,200 support level and declined below $11,000 against the US Dollar. The price tested the $10,500 bearish target (as discussed in the weekly forecast). There is a major bearish trend line forming with resistance near $11,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price…
The total crypto market cap declined further and broke the $280.0B support area. Bitcoin price is down more than 6% and it recently traded below the $10,800 support. Litecoin (LTC) price is holding the key $85.00 support area and is trading in a range. BCH price performed nicely and jumped more than 5% to break…
Ripple price is trading in a downtrend below the $0.3000 and $0.3050 resistances against the US dollar. The price is likely to extend its decline considering the recent decline in bitcoin price below $11,000. There is a major bearish trend line forming with resistance near $0.2980 on the hourly chart of the XRP/USD pair (data…