If the current price action is a top formation, then it doesn’t match the sharp spikes Bitcoin and blow-off tops the cryptocurrency is known for. Only one other time has a comparable rounded top formation appeared on BTCUSD price charts over the last ten years. And when it happened, a major correction followed.Should the first-ever…
XRP spent the last several years as the worst performer in the cryptocurrency market. And even though the altcoin has been beaten and battered, it has recently sunk even lower compared to Bitcoin and Ethereum.Why exactly is the altcoin commonly referred to as Ripple, so severely crippled and unable to gain positive momentum?XRP Underperformance Against…
Bitcoin is maintaining its interim support level near $9,100, but an analyst expects the price to break bearish towards $8,500.The trader forecasted the downside move days after Bitcoin established a second-quarter top near $10,500 on June 1.The cryptocurrency has since accurately moved as predicted, further raising the possibility of a breakdown ahead.Bitcoin may undergo an…
Ripple is consolidating above the $0.1720 support zone against the US Dollar. XRP price seems to be preparing for a fresh rally, but it must surpass $0.1800 for a sustained upward move.Ripple is slowly rising and it is currently trading above $0.1750 against the US dollar.The price is likely to face hurdles near $0.1780, $0.1800,…
Bitcoin is consolidating above the $9,100 level against the US Dollar. BTC could start a strong increase towards $9,500 as long as it is above the 100 hourly SMA.Bitcoin is currently trading in a contracting range below the $9,300 resistance.The price is holding the $9,000 support and trading above the 100 hourly simple moving average.There…
Ethereum has undergone a consolidation period for over the past month. Since the beginning of June, the second-largest cryptocurrency by market cap has mostly traded between the $217 support and the $250 resistance level. Such a narrow trading range has made it nearly impossible to determine what the future holds for Ether.Nonetheless, the TD sequential…
Ethereum is slowly recovering and trading above the $225 level against the US Dollar. ETH is likely to rise sharply if it clears the $228 and $230 resistance levels.Ethereum is showing positive signs above the $224 and $225 support levels.The price is still struggling to clear the $228 and $230 resistance levels.There is a crucial…
Bitcoin is slowly moving higher and trading above the $9,100 level against the US Dollar. BTC could start a strong upward move if it clears the $9,300 and $9,340 resistance levels.Bitcoin is showing a few positive signs above the $9,000 and $9,100 levels.The price is trading above the 100 hourly simple moving average, but it…
Bitcoin price can break above $10,000 even as it eyes a choppy price action in the weeks ahead.The upside bias takes its cues from the crypto’s on-chain data, including higher buying strength, declining capitulation sentiment, and rising transactional volume.Phi Deltalytics, an independent cryptocurrency analysis portal, sees Bitcoin hitting $11,700 in the coming sessions.Bitcoin market’s short-term…
Ripple started an upside correction after trading as low as $0.1690 against the US Dollar. XRP price is currently facing a strong resistance at $0.1800 and it could resume its decline.Ripple corrected higher above the $0.1720 and $0.1750 resistance levels against the US dollar.The price is currently struggling to clear the $0.1800 resistance region and…