Bitcoin Price Watch: BTC/USD Buyers Losing Grip Below $6,520

Key Points Bitcoin price revered yesterday’s gains and traded below the $6,500 support against the US Dollar. There is a short-term ascending channel in place with support at $6,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could dip towards the $6,340 or $6,320 support before moving back higher. Bitcoin price is struggling to gain momentum above $6,500 against the US Dollar. BTC/USD could correct a few points before a fresh upward move. Bitcoin Price Analysis Yesterday, we saw a sharp upward move above…

Ethereum Classic Price Analysis: ETC/USD Eyeing Upside Break Above $10

Key Highlights Ethereum classic price is forming a decent support base near the $9.20 level against the US dollar. There is an ascending channel formed with support at $9.35 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is likely to move higher and it could even break the $10.00 resistance in the near term. Ethereum classic price is positioning for a recovery against the US Dollar and Bitcoin. ETC/USD could gain traction once it breaks the $10.00 resistance. Ethereum Classic Price Analysis There was…

Ripple Price Analysis: XRP/USD Bullish Above $0.4250

Key Highlights Ripple price surged higher and broke the key $0.4200 and $0.4300 resistance levels against the US dollar. There is a short-term channel formed with support at $0.4290 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to break the $0.4500 resistance to climb once again towards the $0.4700 level. Ripple price is placed in a bullish zone against the US Dollar and Bitcoin. XRP/USD may continue to accelerate gains above $0.4400 and $0.4500 in the near term. Ripple Price Analysis Yesterday,…

ETH up Two Percent as Fidelity Investment Enter Space

Straight from Fidelity Investment creation of a new crypto subsidiary to yesterday’s altcoins revival, odds are ETH are likely to edge higher today. Though it is down six percent in the last week, the three percent gain in the last 24 hours at the back of high trading volumes could be the impetus bulls need to rally above $300. Latest Ethereum News There is a sweeping tide in traditional Wall Street corporations and Fidelity Investment is the latest to see opportunity in crypto and ancillary services. The fund management firm…

Ethereum Price Analysis: ETH/USD Holding Gains Above $200

Key Highlights ETH price surged above the $215 level and later retreated towards $200 against the US Dollar. There is a key connecting bullish trend line in place with support at $202 on the hourly chart of ETH/USD (data feed via Kraken). The pair needs to break the $204-205 resistance area to resume its upside move in the near term. Ethereum price is currently consolidating against the US Dollar and bitcoin. ETH/USD must stay above $200 to climb higher towards $205 and $210. Ethereum Price Analysis Yesterday, we saw a…

Ripple (XRP) Price Watch: Uptrend Resumes, Next Targets

Ripple Price Key Highlights Ripple price recently busted through the short-term descending trend line to signal a reversal. Price might still need to make a pullback in order to gather more bullish momentum to sustain the rally. The 61.8% Fib already seems to be holding, though, and technical indicators are reflecting a pickup in buying pressure. Ripple price looks ready to resume its longer-term rally after breaking past a short-term descending trend line. Technical Indicators Signals The 100 SMA is still below the longer-term 200 SMA to signal that the…

Bitcoin (BTC) Price Watch: Triangle Resistance Break and Retest

Bitcoin Price Key Highlights Bitcoin price recently surged past its symmetrical triangle resistance to signal that an uptrend is underway. Price found resistance around $7,800 and appears to be pulling back to the broken triangle top. If this area holds as support, price could aim for the Fibonacci extension levels next. Bitcoin price is in the middle of a pullback from its upside breakout and could set its sights on these targets next. Technical Indicators Signals The moving averages are still oscillating to reflect sideways price action and barely offer…

Bitcoin Cash Price Analysis: BCH/USD Consolidating Above $440

Key Points Bitcoin cash price broke to the upside, but it declined back below $460 against the US Dollar. There is an ascending channel forming with support at $440 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may continue to consolidate and slowly move higher above $450 in the near term. Bitcoin cash price retreated from the $480 resistance against the US Dollar. BCH/USD is currently consolidating above $440 with a few positive signs. Bitcoin Cash Price Analysis Yesterday, there was a sharp upside…

Crypto Market Stabilizes as Tether Recovers, Real Bitcoin Price at $6,450

The crypto market has stabilized after a wild 24-hour period triggered by the sudden increase in the price of Bitcoin. On cryptocurrency-only and Tether-integrated exchanges like OKEx, Huobi, and Bitfinex, the price of Bitcoin exceeded $7,700, as the value of Tether (USDT), which is supposed to be pegged to that of the US dollar on a 1:1 ratio, fell substantially by more than 7 percent. The 7 percent drop in the price of USDT from $1 to $0.93 led Bitcoin premium on cryptocurrency-only exchanges to rise by an identical margin,…

ADA Recover from 7 cents as TRX Bulls Aim At 4 cents

Unless otherwise, we expect traders to buy on dips in lower time frames all thanks to yesterday’s attempts of higher highs. Supporting this view are breaks above key resistance lines in Cardano while Tron might print above Sep 2018 highs today. Let’s have a look at these charts: EOS Price Analysis Like most coins in the top 10, EOS volatility is back. However, this time bulls have an upper hand and are up four percent in the last day. Not only are we seeing a situation where buyers might end…