Bitcoin price surged more than 10% and broke the key $8,000 barrier against the US Dollar. The price traded to a new 2019 high close to $8,180 and remains in a strong uptrend. There is a short term bullish pattern forming with resistance near $8,050 on the hourly chart of the BTC/USD pair (data feed…
It was institutional buyers that pumped the bitcoin price by 23 percent last week, according to a prominent cryptocurrency analyst. Alex Krüger said the latest bitcoin price action hinted systematic buying, an act of people pooling their strategy to purchase a financial asset in large volumes. Retail investors lacked the capital that could pump the…
Ripple price started a fresh rise above the $0.3100 and $0.3200 resistance levels against the US dollar. The price tested the $0.3400 area and recently corrected lower below $0.3300 and $0.3250. There is a major bullish trend line forming with support near the $0.3100 level on the hourly chart of the XRP/USD pair (data source…
ETH price climbed to a new 2019 high above $200 before correcting lower against the US Dollar. The price declined below the $195 and $190 support levels before the bulls appeared near $182. There is a new connecting bullish trend line forming with support near $186 on the hourly chart of ETH/USD (data feed via…
The bitcoin price has jumped above $7,500 to discover its fresh yearly high. The world’s largest cryptocurrency established $7,568.32 as its new session peak, bringing its year-to-date net rebound up to 140 percent on San Francisco-based Coinbase exchange. The broader cryptocurrency market tailed bitcoin’s uptrend, with a majority of top assets posting double-digit gains, including…
There was a sharp upward move above $6,800 in bitcoin price against the US Dollar. The price is up more than 25% in the past few days and it tagged the $7,450 level recently. There is a major bullish trend line in place with support at $6,750 on the 4-hours chart of the BTC/USD pair…
ETH price broke the main hurdle near the $178 and $180 resistance levels against the US Dollar. The price even broke the $200 resistance level before starting a downside correction. There is a major bullish trend line in place with support near $178 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair…
The total crypto market cap surged higher and tested the $200B resistance level. Bitcoin price gained traction above $6,500 and traded close to the $7,000 level. Litecoin (LTC) price is up 15% and it recently broke the $85.00 resistance Bitcoin cash price gained more than 12% and surged above the $300 and $310 levels. EOS…
Over a million internet users are visiting Binance every day as the cryptocurrency exchange manages a $40 million hack scandal amidst a bitcoin price boom. Toronto-based Kevin Rooke, known for his insightful crypto-related social media analysis, revealed that Binance’s daily average traffic had gone up by 13 percent in April. At 1,183,000 visits, the Malta-based…
Bitcoin price extended gains above the $6,400 and $6,440 resistance levels against the US Dollar. The price tested the key $6,500 resistance level as discussed in yesterday’s analysis. Besides, yesterday’s highlighted important bullish trend line is intact with support at $6,060 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair…