Bitcoin price extended its decline and broke the key $8,000 support area against the US Dollar. The price is likely to test the main weekly bearish target of $7,500 in the coming sessions. There was a bearish break below a contracting triangle with support near $8,350 on the hourly chart of the BTC/USD pair (data…
Ripple price is forming a decent support base near the $0.2300 level against the US dollar. The price is facing a lot of hurdles on the upside near $0.2450 and $0.2500. There is a solid bearish trend line forming with resistance near $0.2440 on the hourly chart of the XRP/USD pair (data source from Kraken).…
The total crypto market cap dived more than $50.0B and tested the $200.0B support. Bitcoin price is down more than 10% and it is currently consolidating below the $8,500. Binance coin (BNB) price tumbled below the $18.50 and $16.50 support levels. Litecoin (LTC) price is now trading well below the key $60.00 support area. BCH…
ETH price corrected higher from the $152 low and traded above $165 against the US Dollar. The price is currently struggling to break the $172 and $175 resistance levels. Yesterday’s highlighted key bearish trend line is still active with resistance near $172 on the hourly chart of ETH/USD (data feed via Kraken). The price remains…
Bitcoin price is down more than 12% and it recently broke the $8,500 support against the US Dollar. The price is currently correcting higher, but the $8,750 and $8,800 levels are preventing recovery. There is a crucial bearish trend line forming with resistance near $9,500 on the hourly chart of the BTC/USD pair (data feed…
Ripple price declined sharply after it broke the $0.2650 and $0.2500 supports against the US dollar. The price is down more than 10% and it recently traded close to the $0.2050 level. Yesterday’s highlighted declining channel was breached with support near $0.2620 on the hourly chart of the XRP/USD pair (data source from Kraken). The…
Ripple price extended its decline and tested the key $0.2650 support area against the US dollar. The price could accelerate its decline if it fails to hold the key $0.2650 support. There is a major declining channel forming with resistance near $0.2810 on the hourly chart of the XRP/USD pair (data source from Kraken). The…
ETH price is under a lot of pressure and it recently broke the $202 support against the US Dollar. The price is likely to continue lower towards the $195 and $192 support levels in the near term. There are two major bearish trend lines forming with resistance near $208 and $210 on the hourly chart…
During periods of times when assets consolidate and price action becomes exceptionally confusing, some crypto analysts will occasionally flip their Bitcoin price charts upside down in an to attempt to remove any preconceived bias from their technical analysis. One prominent crypto analyst has done just that, and Bitcoin’s current price action in inverse appears visually…
Bitcoin price is currently trading below the $10,080 resistance area against the US Dollar. The price is facing many hurdles on the upside near $10,080 and $10,100. There is a short term breakout pattern forming with resistance near $10,060 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could either…