Bitcoin is showing bullish signs above the $7,700 level against the US Dollar. BTC could start a strong pre-halving rally if it breaks the $8,000 resistance and the 100-day simple moving average.Bitcoin is following a positive path above the $7,500 pivot level against the US Dollar.The price is now facing a major hurdle near $8,000…
Stellar Lumens’ native cryptocurrency, XLM, hit a fresh local high, up more than 190 percent in just one month.The extraordinary price rally lacks concrete market fundamentals and relies more on macro crypto trends.XLM reversed after testing a long-term resistance area, hinting it could extend its pullback move as investors shift their focus on Bitcoin ahead…
The short-term moving average on Bitcoin’s daily chart is flattening out.The phenomenon comes after the cryptocurrency hits the highest level since mid-March sell-off.Coupled with favorable fundamentals, such as halving, the MA indicates an extended bull run towards or beyond $9,000.A lagging technical indicator that determines bitcoin’s near-term market bias has flattened out in favor of…
Ethereum is following a short term declining pattern from the $198 resistance against the US Dollar. ETH could spike towards the $188 or $185 support before it rallies above $200.Ethereum is slowly moving lower after it failed to surpass the $198 and $200 resistance levels.The price is currently trading near the $192 support and the…
Bitcoin is struggling to surpass the $7,800 resistance area against the US Dollar. It seems like BTC price could dip towards $7,600 or $7,400 before a fresh rally towards $8,000.Bitcoin made two attempts to clear the $7,800 hurdle against the US Dollar, but it failed.The price is showing a few bearish signs and it could…
More than $80 billion have been injected in the cryptocurrency market over the past month. The substantial inflow of capital allowed most digital assets to recover the losses incurred during the Mar. 12 crash. However, a well-known technical index among institutional investors suggests that a retracement is underway.Bitcoin current chart thoughts. Have had a low…
Now just over two weeks out is 2020’s Bitcoin block reward reduction, also known as a “halving.” It’s an event that has become the topic of conversation for many watching the cryptocurrency space. The halving has become so hyped, in fact, that an extensive article on the subject was recently featured on Bloomberg’s Terminal.With the…
Ripple is trading nicely in a bullish zone above $0.1950 against the US Dollar. XRP price is likely to accelerate higher above the $0.2000 and $0.2020 resistance levels.Ripple price is showing signs of more upsides above $0.2000 against the US dollar.A key support is forming near the $0.1920 pivot level.There is a major bullish trend…
Ethereum is still struggling to clear the main $200 resistance against the US Dollar. ETH could start a short term downside correction if it continues to struggle near $200.Ethereum is currently trading in a range below the $200 and $202 resistance levels.The price is showing a few bearish signs below the $200 pivot level.There is…
Bitcoin is up 2% and it broke the $7,600 resistance area against the US Dollar. However, BTC price is likely to face a strong resistance near $8,000 in the near term.Bitcoin is showing signs of exhaustion above $7,500 and $7,600 against the US Dollar.The bears are likely to put a strong fight near the $8,000…