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Month: July 2017

Bitcoin Price Weekly Analysis – BTC/USD Approaching Crucial Break

Key Points Bitcoin price recoveries faced sellers towards $2550 against the US Dollar, and slowly declined lower. There is a major contracting triangle pattern with support at $2300 forming on the 4-hours chart of BTC/USD (data feed from SimpleFX). A break and close below $2300 could ignite further declines towards the $2120 level. Bitcoin price … Continue reading Bitcoin Price Weekly Analysis – BTC/USD Approaching Crucial Break

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Ethereum Price Weekly Analysis – ETH/USD Remains Pressured

Key Highlights ETH price continued to face sellers and failed to close above $300 against the US Dollar. There is a crucial bearish trend line forming with current resistance as $288 on the 4-hours chart of ETH/USD (data feed via SimpleFX). The pair is likely to continue moving lower and retest the last swing low … Continue reading Ethereum Price Weekly Analysis – ETH/USD Remains Pressured

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