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Author: NewsBTC

Bitcoin Price Watch: BTC Broke Key Support, Could Test $6,275

Key Points Bitcoin price failed to hold the key support at $6,590 and declined below $6,500 against the US Dollar. There was a break below a bearish pattern with support at $6,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is under pressure and it seems like it could

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Ripple Price Analysis: XRP/USD Under Pressure Below $0.50

Key Highlights Ripple price is under a lot of pressure below the $0.5000 level against the US dollar. Yesterday’s highlighted important bearish trend line is intact with resistance at $0.5500 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to decline towards the $0.4300 and $0.4200 levels in

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Ethereum Price Analysis: ETH/USD Could Test $212-214

Key Highlights ETH price is under a downside correction since it broke the $245 support against the US Dollar. Yesterday’s discussed contracting triangle with support near $242 was breached on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to extend losses towards the next support at $214 and $212. Ethereum

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Bitcoin (BTC) Price Watch: Back to Support Yet Again!

Bitcoin Price Key Highlights Bitcoin price has formed higher lows and lower highs to trade inside a triangle pattern on its 4-hour time frame. Price got rejected on a test of resistance once more and a move to support appears to be taking place. Technical indicators are suggesting that further declines could be in the

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Bitcoin Cash Price Analysis: BCH/USD Extending Downside Correction

Key Points Bitcoin cash price declined further and broke the $470 and $460 support levels against the US Dollar. Yesterday’s highlighted contracting triangle with support at $486 was breached on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is following a bearish path and it could continue to move down

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Cryptocurrency Market Update: $15 Billion Dumped in 24 Hours

FOMO Moments Markets are bleeding once again; XRP, Stellar, Cardano and Siacoin getting smashed. As we have seen before the same pattern has resumed and the market rally could not be sustained. Cryptocurrencies have dumped again today wiping out all gains over the past few days. Total market capitalization has dropped back to just over

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Ethereum Price Analysis: ETH Dips Perfect for Bulls Aiming at $300

Ethereum prices are slowing down. At the back of last week’s eight percent gains, prices are ranging in lower time frames. Even though yesterday was bearish, we expect prices to pick up and sync in line with last week’s gains. However, for activation of long term bulls, prices must close above $300 or week ending

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Litecoin Price Analysis: After +90% Correction, Altcoin Bounce Back Is Inevitable

Aside from fundamentals, altcoin prices are retracing. But, as history shows, this is normal. Overly, we retain a bullish preview thanks to last week’s revival. Needless to say, risk off traders can ramp up at spot prices with targets at immediate resistance. Let’s have a look at these charts EOS Price Analysis Bancor, the DEX

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Bitcoin Price Watch: BTC Holds Bullish Bias Above $6,550

Key Points Bitcoin price is consolidating above the $6,590 and $6,550 support levels against the US Dollar. There is a short-term declining channel in place with resistance at $6,720 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair has to surpass the $6,720 and $6,750 levels to move towards $6,850

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Ripple Price Analysis: XRP/USD Remains In Major Uptrend

Key Highlights Ripple price surged higher and settled above the 0.5000 resistance against the US dollar. There is a short-term connecting bearish trend line in place with resistance at 0.6000 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may break the $0.6000 level in the near term to test

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Ethereum Price Analysis: ETH/USD Eyeing Break Above $254

Key Highlights ETH price is placed nicely above the $240 support area with positive signs against the US Dollar. There is a new contracting triangle forming with support near $240 on the hourly chart of ETH/USD (data feed via Kraken). The pair may well break the $247 and $250 resistance levels to trade to a

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