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Day: April 28, 2019
Bitcoin (BTC) Price Eyeing Last Line Of Defense: Buy Dips?
There was a strong decline in bitcoin price below the $5,280 support level against the US Dollar. The price even spiked below the $5,000 support level and it is currently consolidating above $5,100. There is a major bullish trend line in place with support at $5,080 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could bounce back as long as there is no weekly close below the $5,000 support level. Bitcoin price started consolidating losses after a strong decline against the US Dollar. BTC…
Ethereum (ETH) Price Larger Dip Underway: Bulls Losing Grip
ETH price declined heavily this past week and broke the $166 and $160 supports against the US Dollar. The price even broke the $155 support level and traded close to the $146 level. There is a crucial bearish trend line formed with resistance at $172 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could correct higher in the short term, but it is likely to face sellers near $160 or $162. Ethereum price declined below important support levels versus the US Dollar and bitcoin. ETH is…