The price retested the $5,360 resistance and it looks set to trade further higher in the near term. There was a break above a short term contracting triangle with resistance at $5,155 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to surge towards $5,500 or even $5,600…
The total crypto market cap is likely setting up for more upsides above the $180.0B and $185.0B levels. Bitcoin cash price is trading nicely above the $300 level and it may accelerate above $325 and $340. EOS price is currently consolidating above $5.50 and it could soon revisit the $6.00 level. Stellar (XLM) price is…
Bitcoin has been able to hold onto most of its recent gains and has secured its position above the important $5,000 mark. Despite this, BTC does appear to be treating $5,200 as a level of relative resistance, and it is unclear as to whether or not the crypto will be able to garner enough buying…
Bitcoin price climbed into a crucial uptrend after it broke the $4,200 resistance against the US Dollar. The price surged higher and broke the $4,500 and $5,000 resistances before starting a downside correction. There is a significant ascending channel formed with support at $4,900 on the 4-hours chart of the BTC/USD pair (data feed from…
As the crypto markets head into the weekend trading session, Bitcoin has been able to maintain its upwards momentum, and has been able to continue its upwards ascent. Although BTC’s recent price action has been overwhelmingly positive as of late, it may still be caught in an accumulation phase. Assuming that Bitcoin’s current accumulation range…
Bitcoin price is likely preparing for the next key break above the $5,100 resistance against the US Dollar. Ravencoin (RVN) and loopring (LRC) gained more than 10% today. There is a key bullish trend line in place with support at $4,880 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair…
Bitcoin price is consolidating and likely setting up for a fresh rise above $5,050 against the US Dollar. Ethereum, ripple, bitcoin cash and litecoin are trading with a positive bias above key supports. There is a major bullish trend line formed with support at $4,820 on the hourly chart of the BTC/USD pair (data feed…
Following the recent bout of volatility that the crypto markets have experienced, Bitcoin (BTC) has been able to maintain stability around the $5,000 level, which is proving to be a level of relative support for the cryptocurrency. Now, one prominent analyst and notable Bitcoin bear is flipping bullish on BTC, explaining that he would not…
The best time to accumulate is when prices are low. Even though Bitcoin has had a huge rally this week the digital asset is still 75% down from its all-time high. Looking at previous accumulation periods may offer some insight into the current market situation. 200 Days of Accumulation Last time Bitcoin went through a…
Following the recent bullish momentum experienced by the entire cryptocurrency markets that was driven by bullish Bitcoin (BTC) price action, the markets have now experienced a somewhat minor pullback that has led most cryptos to drop. Although the markets are currently taking a breather, one widely used indicator may signal that Bitcoin is ready to…