ETH price recovered recently, but it struggled to clear the $275 resistance against the US Dollar. The price is currently under pressure and it could decline below the $260 support area. There was a break below a major bullish trend line with support at $270 on the hourly chart of ETH/USD (data feed via Kraken).…
There was a sharp decline in bitcoin price after it spiked above the $9,000 level against the US Dollar. The price declined below the $8,600 support and tested the key $8,000 support area. There was a break below a major bullish trend line with support near $8,540 on the 4-hours chart of the BTC/USD pair…
ETH price recovered nicely after declining towards the $240 support area against the US Dollar. The price traded above the $270 level, but it seems to be struggling near $278 and $280. There is a short term breakout pattern forming with resistance near $270 on the 4-hours chart of ETH/USD (data feed via Kraken). The…
The S&P 500 stock market has delivered its worst May performance in seven years after falling 6.6 percent. And Mark Yusko of Mogan Creek Capital believes that it is about head further lower this year. The chief executive officer and one of the world’s most renowned fund managers told CNBC that S&P has been in…
The total crypto market cap tested the key support area near $245.0B and bounced back. Bitcoin price jumped sharply after testing the main $8,000 support area. EOS price is up more than 10% and it broke the $8.00 and $8.20 resistance levels. Bitcoin cash price tested the $420 support level and bounced back above $440.…
The amount of bitcoin deposited with UK-based asset brokerage company eToro is rising dramatically. The firm’s chief market analyst, Mati Greenspan, said on Wednesday that they witnessed a 13 percent surge in bitcoin holdings at their proprietary custodianship. The deposits jumped particularly between May 4 and May 18, the period which saw bitcoin price appreciating…
Bitcoin price declined heavily and tested the $8,000 support area against the US Dollar. The price recovered nicely and traded above the $8,300 and $8,450 resistance levels. There is a rising channel forming with support near $8,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is facing a solid…
It took bitcoin just five hours to drop from its year-to-date high of $9,090 to $7,972. But, according to Crypto Michaël, the world’s leading cryptocurrency is still bullish. The prominent cryptocurrency analyst said on Friday that bitcoin’s 13 percent drop could be a “normal retracement,” notably after a giant move that pushed the cryptocurrency’s rate…
Bitcoin price spiked above the $8,950 and $9,000 levels, but failed to hold gains against the US Dollar. The price declined heavily and traded below the $8,720 and $8,440 support levels. There was a break below a crucial bullish trend line with support at $8,560 on the hourly chart of the BTC/USD pair (data feed…
Bitcoin price corrected lower recently and tested the $8,425 support against the US Dollar. The price bounced back and it is currently trading above the $8,600 resistance area. There was a break above a key bearish trend line with resistance at $8,690 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…