Price Analysis 15/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

Bitcoin price looks weak but this fall below $8,500 might turn out to be a buying opportunity. Fundstrat’s Tom Lee believes that cryptocurrencies “are network value assets” and as the number of people who hold the asset increases, the value of the cryptocurrencies would also move up. According to him, about half a million people use and own Bitcoin currently and if the number doubles, he expects Bitcoin (BTC) to easily reach his target of $25,000. Binance founder and CEO Changpeng Zhao believes that Chinese President Xi Jinping’s support of…

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

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…

Crypto Market & Bitcoin Remains At Risk: LTC, BNB, BCH, TRX Analysis

The total crypto market cap is likely forming a bearish pattern below the $240.0B resistance. Bitcoin price is currently consolidating below the $8,880 and $9,000 resistance levels. Binance coin (BNB) price is up more than 2% and it recently broke the $21.00 resistance. Litecoin (LTC) price is slowly moving lower towards the $60.50 support area. BCH price is struggling to hold the key $285 and $280 support levels. Tron (TRX) price is gaining momentum and is trading above the $0.0200 resistance. Bitcoin (BTC) and the crypto market cap are still…

Price Analysis 13/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

While Bitcoin price action remains lackluster, altcoins are attempting to make a strong upside move. Although Bitcoin (BTC) is not showing any trending move, Bakkt and the Chicago Mercantile Exchange (CME) Group continue to roll out products designed to attract the large traders. Bakkt recently announced that it will add a cash-settled futures contract to its existing Bitcoin-settled contract. On the other hand, the CME group plans to offer options on Bitcoin futures after receiving the necessary regulatory approvals.  Bitfinex cryptocurrency exchange is also planning to launch a slew of…

Crypto Market Cap And Bitcoin Under Pressure: BCH, BNB, EOS, TRX Analysis

The total crypto market cap is struggling to recover above the $235.0B resistance area. Bitcoin price is now trading well below the $9,000 and $8,960 resistance levels. EOS price is declining and it seems like it could revisit the $3.350 support area. Binance Coin (BNB) is still facing a lot of hurdles near the $21.00 and $21.20 levels. BCH price is approaching the main $285 and $280 support levels. Tron (TRX) price is correcting lower and it is now trading below the $0.0200 support. The crypto market cap and bitcoin…

Crypto Market Cap & Bitcoin Declining: BCH, Litecoin, ADA, TRX Analysis

The total crypto market cap is struggling to stay above the $225.0B support area. Bitcoin price is down around 3% and it is trading well below the $9,000 level. Litecoin (LTC) price is declining, but it is still trading above the $60.00 support area. BCH price failed to surpass the $300 resistance and is correcting lower towards $285. Tron (TRX) price is slowly declining towards the $0.0185 support area. Cardano (ADA) price is trading in a range above the $0.0420 support area. Bitcoin (BTC) and the crypto market cap are…

Price Analysis 11/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

Bitcoin is at a critical level. Will it bounce off the current level or plummet below it? Let’s analyze the charts. The crypto markets are going through a phase of uncertainty with several cryptocurrencies failing to show a firm trend. This is because the markets lack a catalyst that can either pull prices higher or plunge them lower.  However, a developing catalyst could be the launch of the China-backed central bank digital currency (CBDC). Jack Lee, a founding partner at HCM Capital, believes that China’s central bank is ready and…

Bitcoin And Crypto Market Facing Hurdles: BCH, Tron, XLM, ADA Analysis

The total crypto market cap is currently correcting higher towards the $240.0B resistance. Stellar (XLM) price is performing nicely and it is up more than 5% above the $0.0750 resistance. Bitcoin cash price is likely to break the $300 resistance area in the near term. Tron (TRX) price is facing hurdles near the key $0.0200 resistance area. Cardano (ADA) price is consolidating below the key $0.0450 and $0.0465 resistance levels. The crypto market cap and bitcoin (BTC) are correcting higher. Ethereum, BCH, ripple, stellar (XLM), EOS, TRX, and cardano (ADA)…

Price Analysis 08/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

Several cryptocurrencies have turned down sharply from their overhead resistance levels. This is a sign of weakness. Though crypto markets are in a consolidation phase, the number of first-timers investing in this nascent space has almost doubled, according to data from Square Cash App. This is a positive sign as it shows that investors are using the dips to buy cryptocurrency. In another positive for the crypto space, research by the recruitment firm Indeed.com has found that cryptocurrency job requirements have risen in the past year even as searches for…

Bitcoin And Crypto Market Cap Eye Next Break: BCH, XLM, EOS, TRX Analysis

The total crypto market cap is currently consolidating in a range above the $232.0B support area. Bitcoin price is holding the $9,200 support area, but it is also facing hurdles near $9,400. BCH price is currently correcting lower after it failed to break the $300 resistance. EOS price is consolidating near $3.500 and it could correct lower towards $3.400. Stellar (XLM) price is climbing higher once again and it might test the $0.0800 resistance. Tron (TRX) price is facing a strong resistance near the $0.0200 zone. Bitcoin (BTC) and the…