After a downside correction, bitcoin price found support near $6,860 against the US Dollar.The price is currently rising and trading nicely above the $7,400 resistance.There was a break above a major declining channel with resistance near $7,345 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).The price is likely to continue higher…
Bitcoin started a strong upward move from the $6,880 support area against the US Dollar.The price is reversing losses and it is now well above $7,100.There was a break above a key bearish trend line with resistance near $7,120 on the hourly chart of the BTC/USD pair (data feed from Kraken).The current technical structure suggests…
The total crypto market cap is declining and it is below the $185.0B support.Bitcoin price is struggling to climb above $7,300 and it might decline below $7,000.BCH price is testing the $200 support and it could continue to slide.EOS price failed to stay above $2.600 and it is likely moving towards $2.500.Stellar (XLM) price is…
Bitcoin was rejected on a few occasions near $7,260 and $7,300 against the US Dollar.The price is currently declining and it remains at a risk of more downsides below $7,000.There is a declining channel forming with resistance near $7,180 on the hourly chart of the BTC/USD pair (data feed from Kraken).Ethereum is also struggling below…
Bitcoin price is currently consolidating above the $7,200 and $7,150 support levels against the US Dollar.The price is likely to climb higher again unless there is a daily close below $7,000.There is a key bearish trend line forming with resistance near $7,240 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair…
The total crypto market cap is holding an important support area near the $185.0B level.Bitcoin price is struggling to continue higher and trading close to the $7,200 support.EOS price is down 2% and it is now trading near the $2.600 support area.Binance Coin (BNB) is down 3% and it failed to stay above the key…
After a strong decline, bitcoin price found support near $7,000 against the US Dollar.The price is now trading near the $7,300 and $7,320 resistance levels.There is a major breakout pattern forming resistance near $7,320 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).The price could dip a few points, but it is…
Bitcoin shed some of the gains made earlier in the day, erasing $40 from its daily high at $6,500. The BTC/USD pair trades at $6,460 in a ranging market with support at $6,300. A significant bearish trend line may have been thwarted as the market moves above the $6,400 line. Bitcoin Trades Above Significant Bearish…
Key Points Bitcoin price declined recently and broke the $6,450 and $6,400 support levels against the US Dollar. There was a break below a major bullish trend line with support at $6,440 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair may perhaps continue to move down towards the $6,120…
Key Points Bitcoin price traded further higher above the $6,450 and $6,510 resistances against the US Dollar. There is a short term ascending channel in place with support at $6,505 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely forming a double top pattern near the $6,600 resistance.…