Bitcoin’s lackluster trading over the past ten weeks is showing no signs of concluding anytime soon.Although the cryptocurrency has been able to see some volatility within its long-held trading range, it has not been able to develop any clear directionality throughout the past couple of months.The price action seen between $9,000 and $10,000 as of…
Ethereum traded to a new monthly high near $249 before correcting lower against the US Dollar. ETH price is currently trading nicely above $253 and it could rally again towards $250.ETH price is holding the main $235 support level and the $232 pivot level against the US Dollar.It is facing a couple of important hurdles…
Bitcoin is trading nicely above the $9,100 and $9,200 support levels against the US Dollar. BTC is forming a crucial breakout pattern and it must break $9,400 for a sustained upward move.Bitcoin is trading above the key $9,120 support level and the 100 simple moving average (4-hours).The price is facing a strong resistance near the…
Bitcoin’s consolidation phase seen throughout all of May and June is showing few signs of letting up anytime soon and has caused the cryptocurrency’s volatility levels to hit multi-year lows.Although there aren’t many overt technical catalysts for volatility in the near-term, there may be a few events that could help to shake up BTC’s consolidation phase.These…
After years of underperformance compared to the rest of the crypto market, XRP has been pumping from bear market lows. But just as the altcoin reaches a key level on its Bitcoin trading pair, an ominous sell signal has triggered. Will the recent rally in Ripple fully retrace as pumps have in the past? Or will…
After years of underperformance compared to the rest of the crypto market, XRP has been pumping from bear market lows. But just as the altcoin reaches a key level on its Bitcoin trading pair, an ominous sell signal has triggered. Will the recent rally in Ripple fully retrace as pumps have in the past? Or will…
Bitcoin has entered yet another consolidation phase, this time hovering around $9,200 as it reestablishes its position within its previously held range between $9,000 and $9,300.The cryptocurrency’s recent price action has done little to offer any significant insight into its macro outlook, as it still remains caught within its long-held range between $9,000 and $10,000.Until…
Stellar (XLM) has been incurring massive upside throughout the past couple of weeks, with the token’s price surging to fresh yearly highs just days ago.It is currently expressing some signs of weakness, however, as the token’s price recently faced a grim rejection that has since sparked an intense price decline.Analysts are noting that this ongoing…
Bitcoin faced a grim rejection at $9,500 earlier this week that has caused its price to flash some notable signs of weakness.This rejection has now caused the crypto to set another “lower high” – further bolstering the bear case and causing BTC to be prone to seeing further near-term downside.One analyst is now noting that…
Demand for Chainlink skyrocketed following the weekly candlestick open. As buy orders began to pile up, the decentralized oracles token saw its price rise by 38.5%. LINK surged from $4.75 to reach a new all-time high of $6.60.Despite the substantial upswing, investors seem to have taken advantage of the price action to take profits. Data…