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…
Following Bitcoin’s relatively volatile week, it appears to have established $3,400 as a level of support, but BTC still faces growing resistance around $3,500 as it has tried and failed on multiple occasions to break above this price level. Although Bitcoin has yet to plunge back down towards its 2018 lows of $3,200, analysts seem…
Bitcoin price failed near the $3,478-$3,480 resistance zone and declined recently against the US Dollar. There is a major declining channel in place with resistance at $3,410 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could dip a few points before making another attempt to recover above $3,440. Bitcoin…
The total crypto market cap failed to stay above the $110.00B support and declined sharply. Litecoin (LTC) price is consolidating losses above the $30.00 support level. Bitcoin cash price corrected lower and it could test the $110 support level. Tron (TRX) declined more than 5% and it broke the $0.0260 support area. Stellar (XLM) price…
Bitcoin price started a short term rebound and broke the $3,400 resistance level against the US Dollar. This week’s followed major bearish trend line was breached with resistance at $3,440 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is now approaching a few important resistances, including $3,475, $3,500 and…
The total crypto market cap rebounded nicely and tested the $114.00B resistance level. Bitcoin cash is up more than 7% and it broke the $115 and $116 resistance levels. EOS price is gaining momentum and it could test the $2.40 resistance level. Stellar (XLM) is correcting higher, with resistances near the $0.0900 and $0.0940 levels.…
Earlier this week, Bitcoin (BTC) failed to uphold its previously established support level around $3,550, which led to a sharp drop to $3,400. Although at the time of this drop many analysts expected BTC’s main region of support to exist around its 2018 lows at approximately $3,200, the cryptocurrency was able to find support at…
Bitcoin price traded to a new monthly low towards $3,340 and later recovered against the US Dollar. Yesterday’s highlighted key bearish trend line is intact with resistance at $3,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may start a short term rebound if there is a proper break…
After an extended period of sideways trading, Bitcoin (BTC) experienced a large downwards swing yesterday that caused the cryptocurrency to break below it previously established support level in the low-$3,500 region. Although this drop seemed significant, BTC has found support in the $3,400 region, and it is still holding steady well above its 2018 lows…