Bitcoin price declined further and traded towards the $3,320 support level against the US Dollar. There is a key connecting bearish trend line formed with resistance at $3,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could correct higher, but it is likely to face sellers near $3,375 and…
The total crypto market cap recovered recently, but it could struggle near the $108.50B resistance. Binance coin (BNB) extended gains and traded above the $8.00 resistance. Bitcoin SV price gained more than 8% and broke the $60.00 resistance area. Tron (TRX) is slowly moving higher towards the $0.0265 resistance level. Cardano (ADA) price is currently…
After an extended period of sideways trading in the mid-to-upper $3,400 region, Bitcoin (BTC) has failed to break through its nearest resistance level at $3,500, which has led the cryptocurrency to drop to its support level at $3,400. Although BTC has yet to break decisively below this level, one analyst believes that the lack of…
Ever since Bitcoin (BTC) dropped below its previous support level of $3,550 last week, the cryptocurrency has been experiencing a bout of sideways trading at its current price levels. Bitcoin’s recent price action seems to confirm $3,500 as a new level of resistance, but it has also established $3,400 as a level of support that…
Bitcoin price trading in a tight range above the $3,375 support area against the US Dollar. There is a key connecting bullish trend line formed with support at $3,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price might correct higher in the short term towards the $3,430 and $3,350…
The total crypto market cap is showing signs of a recovery above the $108.50B support level. Litecoin (LTC) price is gaining momentum and it could trade above the $35.00 resistance. Bitcoin cash price is currently consolidating below the $120 resistance level. Tron (TRX) is up more than 8% and it broke the $0.0275 resistance zone.…
Bitcoin prices in range mode Lightning Network in beta but drawing interest Market participation is “very” low The recovery of Bitcoin prices depends on adoption levels and favorable regulations. While we are bullish, buyers are free to ramp up once we see strong gains above $3,800. Before then, traders should take a wait and see…
Bitcoin price struggled to surpass the $3,500 resistance and declined sharply against the US Dollar. There was a break below a connecting bullish trend line with support at $3,420 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is under pressure and it could continue to move down towards $3,350…
Bitcoin price formed a support base near $3,370 and recovered higher above $3,450 against the US Dollar. There was a break above a major contracting triangle with resistance at $3,440 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair seems to be approaching a couple of important resistances near $3,500…
As the cryptocurrency markets enter the weekend, many investors are expecting Bitcoin (BTC) to see increased levels of volatility, as it has made some relatively large price swings over the past few weekends. Although this volatility has been negative thus far, one cryptocurrency analyst now expects Bitcoin to possibly see a large upwards price swing…