Bitcoin is currently consolidating above the $6,760 low against the US Dollar. BTC price could correct higher, but upsides are likely to face hurdles near $6,955 or $7,030.Bitcoin is showing signs of an upside correction from the $6,761 low against the US Dollar.A few key hurdles are forming on the upside near the $6,955 and…
Tezos’ native cryptocurrency XTZ confirms forming Inverse BARR, a bullish reversal indicator.The XTZ/USD pair is waiting to close above a crucial technical resistance while setting its upside target 50 percent higher.Promising utility growth confirms a bullish scenario in the Tezos market.XTZ, the native token of multi-purpose blockchain Tezos, could surge by 50 percent in the…
Ripple is down more than 5% and it broke the key $0.1850 support against the US Dollar. XRP price is correcting losses, but upsides are likely to remain capped near $0.1850 or $0.1880.Ripple price is showing bearish signs below the $0.1880 pivot level against the US dollar.The previous key support near $0.1850 is likely to…
Ethereum is down around 7% and it broke the $175 support area against the US Dollar. ETH price could correct further, but there are many key supports, starting with $165 and $160.Ethereum is currently correcting lower from the $185 swing high.The price traded below the key $175 support to start a short term downside correction.There…
Bitcoin failed to surpass the $7,200 resistance and declined below $7,000 against the US Dollar. BTC price is showing a few bearish signs, but the bulls are likely to protect $6,555.Bitcoin is declining and trading below the $7,000 support zone against the US Dollar.It is testing a major support near the $6,750-$6,800 region.There was a…
Bitcoin briefly dipped below $7,000 as the US oil prices collapsed to their two-decade low.The cryptocurrency’s price declined alongside US equities and Gold markets, again exhibiting a risk-on behavior.The US dollar, on the other hand, jumped on safe-haven demand.Bitcoin briefly fell below its $7,000-support in what appears to be a panic-sell caused by the upsetting…
MATIC is trending sideways after bottoming out in mid-March.The underperforming token is, nevertheless, flirting with key resistance area to pursue a breakout.Favorable fundamentals hint a near-term bullish scenario for the cryptocurrency.Matic, a cryptocurrency that underwent a huge pump-and-dump last year, has been unable to revive its bullish momentum in 2020.The low-cap token bottomed at 154…
Ripple is forming a strong support base above $0.1850 against the US Dollar. XRP price is likely to continue higher and it might surge above the $0.1980-$0.2000 resistance zone.Ripple price likely to remain well bid above the $0.1850 support area against the US dollar.Two key hurdles are forming on the upside near $0.1980 and $0.2000.There…
Ethereum is trading nicely above the $175 support area against the US Dollar. ETH price is showing a lot of positive signs and it could continue to rise towards $188 and $195.Ethereum corrected lower and tested the main $175 support area.The price is currently rising and trading above the $180 pivot level.There is a major…
Bitcoin gained traction and settled above the $7,000 resistance against the US Dollar. BTC price is consolidating gains above the 100 hourly SMA and likely to grind higher towards $7,500.Bitcoin is rising steadily and it is positioned nicely above $7,000 against the US Dollar.There is a strong support base forming near the $7,050 and $7,000…