Category: Analysis

Bitcoin (BTC) Relatively Muted; Support Estimated Near $8.2K

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Bitcoin price is trading below a few important resistances near $8,700 against the US Dollar. The price is somehow holding the $8,420 and $8,375 support levels. There is a major bearish trend line forming with resistance near $8,525 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently correcting higher, but sellers are likely to protect $8,575 or $8,660. Bitcoin price is consolidating below key resistances against the US Dollar. BTC could decline further, but the $8,200 support might protect sharp losses. Bitcoin Price…

Crypto Market And Bitcoin Might Decline Further: BCH, EOS, TRX, ADA Analysis

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The total crypto market cap is following a bearish pattern below the $230.0B level. Bitcoin price is facing an increase in selling pressure below $8,600 and $8,500. EOS price is currently struggling to stay above the key $3.350 support area. BCH price extended decline and broke the $280 and $265 support levels. Tron (TRX) price is currently trading near the key $0.0185 support area. Cardano (ADA) price is showing positive signs above the $0.0420 support. Bitcoin and the crypto market cap are currently declining. Ethereum (ETH), EOS, Tron (TRX), BCH,…

Ripple (XRP) Price Resuming Decline, Bitcoin Breaks $8.5K

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Ripple price is under pressure and struggling to surpass the $0.2660 resistance against the US dollar. The price is currently declining and it is likely to break the $0.2580 support area. There is a major bearish trend line forming with resistance near $0.2645 on the hourly chart of the XRP/USD pair (data source from Kraken). Conversely, Ethereum is still holding the main $180 and $178 support levels. Ripple price is facing an increase in selling below $0.2650 against the US Dollar, similar to bitcoin. XRP price could continue to move…

Ethereum (ETH) Holding Crucial Support While Bitcoin Is Declining

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Ethereum price is still struggling to climb above $186, $188 and $190 resistances against the US Dollar. The price is currently declining and it seems like it could retest the $180 support area. There are two major bearish trend lines forming with resistance near $186 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin is under a lot of pressure and it recently decline below the $8,500 support. Ethereum price is holding an important support versus the US Dollar, while climbing vs bitcoin. ETH price might retest the…

Ethereum (ETH) Price Weekly Forecast: Crucial Support At Risk

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ETH price is facing a strong resistance near the $184 and $185 levels against the US Dollar. The price is trading above the key $178 support, which remains at a risk. There is a crucial bearish trend line forming with resistance near $186 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is currently declining and it might struggle to clear the $178 and $176 support levels. Ethereum price is showing bearish signs below $185 against the US Dollar, similar to bitcoin. ETH price remains at a…

Bitcoin Weekly Forecast: BTC Price Turned Sell On Rallies

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After settling below $9,000, bitcoin declined steadily against the US Dollar. The price is under a lot of pressure below the $8,700 and $8,650 resistance levels. There is a crucial bearish trend line forming with resistance near $8,630 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price could correct higher, but it is likely to face sellers near the $8,700 resistance area. Bitcoin price is trading in a bearish zone towards $8,200 against the US Dollar. BTC remains sell on rallies unless there is a…

BNB Is Under Correction But May Resume Bullish Trend Soon

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BNB has been maintaining a bullish move for the past few weeks, but the price is now retracing near $20.5 support level. Binance Coin remains bullish on the hourly chart, but the bears may take over if the price drops below the ascending broadening wedge. Over the past few weeks, Binance Coin has witnessed substantial growth which has led the cryptocurrency to surge above $20 following a recent price break. The performance of BNB has created a bullish sentiment, which is positioning the market for an incoming bull run. Meanwhile,…

Bitcoin (BTC) In Slow And Steady Decline, $8.2K Likely Target

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Bitcoin price is currently declining below the $8,600 support area against the US Dollar. A new monthly low was formed near $8,457 and the price is currently correcting higher. There is a key declining channel forming with resistance near $8,710 on the hourly chart of the BTC/USD pair (data feed from Kraken). There is a risk of more downsides as long as the price is below $8,700 and $8,880. Bitcoin price is gaining bearish momentum below $8,700 against the US Dollar. Therefore, BTC could continue to move down towards the…

Crypto Market And Bitcoin Bearish Continuation: BCH, EOS, TRX, ADA Analysis

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The total crypto market cap is currently declining and it could test $220.0B support. Bitcoin price is under pressure and it is likely to break the $8,500 support area. EOS price is now trading near the $3.350 support area and showing bearish signs. BCH price failed to stay above the key $280 support and extended its decline. Tron (TRX) price is down more than 4% and it is approaching the $0.0185 support area. Cardano (ADA) price is now trading near the key $0.0420 support area. Bitcoin and the crypto market…

Ripple (XRP) Price Primed For Additional Losses, $0.2450 Next?

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Ripple price is following a downtrend below the $0.2700 support area against the US dollar. The price is currently trading near the $0.2620 support and it could continue to decline. This week’s crucial bearish trend line is active with resistance near $0.2700 on the hourly chart of the XRP/USD pair (data source from Kraken). Similarly, Ethereum is trading near a key support and it could break down below $180. Ripple price is trading with a bearish bias below $0.2700 against the US Dollar, similar to bitcoin. XRP price remains at…