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BTC/USD and BTC/JPY Technical Analysis May 30, 2017

Hello and welcome to News BTC’s Market Outlook May 30. BTC/USD Bitcoin rallied against the US dollar on Monday, using the $2100 level as support. However, the $2300 level is also offering significant resistance. Overall bias of course is to the upside, so short-term dips will continue to attract buying. A break above the $2300 … Continue reading BTC/USD and BTC/JPY Technical Analysis May 30, 2017

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Ethereum Price Technical Analysis – ETH/USD is Progressively Bullish

Key Highlights There were continuous gains in ETH price, as it moved above the $178 resistance against the US Dollar. There is a steep bullish trend line with support at $181 formed on the hourly chart (ETH/USD, data feed via SimpleFX). On the upside, the pair may soon break the $191 resistance for more gains … Continue reading Ethereum Price Technical Analysis – ETH/USD is Progressively Bullish

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Dash Price Technical Analysis – DASH/USD Tuned Bullish

Key Highlights Dash price after a slide below the $80 support against the US Dollar found buyers and recovered well. The DASH/USD pair recently broke a major bearish trend line at $105 on the hourly chart (data feed from Poloniex). The price is now above the $100 resistance and the 100 hourly simple moving average, … Continue reading Dash Price Technical Analysis – DASH/USD Tuned Bullish

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Bitcoin Price Watch; Breaking Out Of Consolidation

In this morning’s analysis, we noted tat the bitcoin price had corrected pretty substantially over the weekend but that, subsequent to the correction, it looked as though things were bottoming out. Further, we noted that we expected to see some degree of upside revaluation going forward as markets reestablished speculative buy positions post-rebalancing. Action has … Continue reading Bitcoin Price Watch; Breaking Out Of Consolidation

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DASH/USD and LTC/USD Technical Analysis May 29, 2017

Hello and welcome to News BTC’s Market Outlook May 29. DASH/USD DASH continues to see quite a bit of volatility, as we bounced off of the $116 level. The markets continue to find buyers on dips as it offers value, and now looks as if the market is ready to continue to try and reach … Continue reading DASH/USD and LTC/USD Technical Analysis May 29, 2017

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ETH/USD and ETH/BTC Technical Analysis May 29, 2017

Hello and welcome to News BTC’s Market Outlook May 29. ETH/USD Ethereum rally during the Friday session, as we continue to reach towards the 200 level. Pullbacks continue to be buying opportunities, as the market has shown a proclivity to pick up value on pullbacks. The market is a bit overbought though, so pullbacks are … Continue reading ETH/USD and ETH/BTC Technical Analysis May 29, 2017

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BTC/USD and BTC/JPY Technical Analysis May 29, 2017

Hello and welcome to News BTC’s Market Outlook May 29. BTC/USD Bitcoin rallied against the US dollar again during Friday trading, as we continue to reach towards the $2700 level again. Short-term pullbacks continue to be buying opportunities as we have seen a massive amount of bullish pressure. Ultimately, this market is a bit overbought … Continue reading BTC/USD and BTC/JPY Technical Analysis May 29, 2017

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Ethereum Price Technical Analysis – ETH/USD Holding Key Support

Key Highlights There was a recovery initiated in ETH price above $125 against the US Dollar, which is a positive sign. There is a bearish trend line with resistance at $164 formed on the hourly chart (ETH/USD, data feed via SimpleFX). On the downside, there is a key support formed around the $138-140 levels. Ethereum … Continue reading Ethereum Price Technical Analysis – ETH/USD Holding Key Support

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Creditbit Price Technical Analysis – CRBIT/BTC Starts Recovery

Key Highlights Creditbit price after a decline towards the 0.00022BTC against the Bitcoin found support and started a recovery. There was a break above a bearish trend line at 0.00027BTC on the 7-day chart of CRBIT/BTC (data feed from Coinmarketcap). On the upside, we need a break above the 0.00035BTC resistance for further gains in … Continue reading Creditbit Price Technical Analysis – CRBIT/BTC Starts Recovery

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Bitcoin Price Weekly Analysis – BTC/USD Holding Crucial Supports

Key Points Bitcoin price corrected sharply after trading towards $2650 against the US Dollar, but remains supported on the downside. The last week’s highlighted important bullish trend lines with support at $1940 and $1800 on the 4-hours chart of BTC/USD (data feed from SimpleFX) are holding well. As long as the price is above these … Continue reading Bitcoin Price Weekly Analysis – BTC/USD Holding Crucial Supports

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