Price Analysis 11/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

Does the pullback in Bitcoin price and most major altcoins indicate that lower levels are likely? Let’s study the charts. The wait for a Bitcoin (BTC) exchange-traded fund got a bit longer as the United States Securities and Exchange Commission (SEC) shot down the proposal by Bitwise Asset Management and NYSE Arca.  The regulators felt that the application did not satisfy the requirement that it will “prevent fraudulent and manipulative acts and practices.” However, there was no noticeable reaction to this news, which shows that the market participants did not…

Crypto Market Cap And Bitcoin Could Rally: BCH, LTC, EOS, ADA Analysis

The total crypto market cap is holding a strong support area near the $220.0B level. Bitcoin price is consolidating above $8,500 and it could rally further in the near term. Litecoin (LTC) price must clear the $60.00 resistance area to continue higher. BCH price is facing a strong resistance near the $235 and $240 levels. EOS price is consolidating below the $3.250 and $3.300 resistance levels. Cardano (ADA) price is currently consolidating above the $0.0400 support area. The crypto market cap is showing positive signs along with bitcoin and Ethereum…

Bitcoin Price & Technical Analysis: Nothing Prevents BTC From Growing

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. Technical analysis of the BTC/USD A massive attack may kill the BTC Bitwise is counting on a positive decision of the SEC on the Bitcoin ETF On W1, the Bitcoin keeps declining inside a correctional channel. The quotations are currently returning to 50.0% Fibo. A breakaway of the resistance level at $9850.00 may signal the end of the correction and the beginning of a new impulse of growth to the maximum of $13857.20, upon renewing which the quotations may rise to $15550.00. However,…

Crypto Market And Bitcoin Primed For Gains: BNB, BCH, LTC, EOS Analysis

The total crypto market cap broke the key $220.0B resistance to move into a positive zone. Bitcoin price is now trading nicely above the main $8,500 resistance area. Litecoin (LTC) price is still facing a strong resistance near the $60.00 level. BCH price is testing the $235 area and is facing a major barrier near the $240 level. EOS price traded to a new weekly high above $3.300 and it is currently consolidating gains. Binance coin (BNB) rallied more than 10% and broke the key $17.50 resistance area. Bitcoin (BTC)…

Price Analysis 09/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

Bitcoin and select altcoins are showing signs of bottoming out. Can they start a new uptrend? Let’s study the charts. Grayscale director of sales and business development Rayhaneh Sharif-Askary said that institutional interest in the crypto space has been strong throughout this year. The second quarter inflow was $85 million with 80% coming from institutions. Though this is positive, it shows that the inflow is only a trickle and a fraction of the firepower the institutions hold.  A Bitcoin (BTC) exchange-traded fund (ETF) can also boost interest in the asset…

Crypto Market And Bitcoin Struggle Continues: BCH, Litecoin, EOS, XLM Analysis

The total crypto market cap is facing a strong resistance near the $218.0B and $220.0B levels. Bitcoin price failed to gain momentum above $8,300 and recently declined below $8,200. Litecoin (LTC) price is still trading well below the main $60.00 resistance area. Bitcoin cash price is currently correcting gains and it could test the $220.00 support. EOS price failed to surpass the $3.250 resistance and is currently declining towards $3.050. Stellar (XLM) price is currently consolidating gains above the $0.0600 support area. Bitcoin (BTC) and the crypto market cap are…

Bitcoin And Crypto Market Facing Hurdles: BCH, EOS, TRX, ADA Analysis

The total crypto market cap is currently recovering, but it is facing resistance near $220.0B. Bitcoin price is up around 5%, but it is also facing hurdles near $8,300 and $8,350. EOS price extended its gains above the $3.000 resistance and tested $3.200. BCH price is up around 5% and it is trading near the key $240 resistance area. Tron (TRX) price rallied 10% and broke the $0.0160 resistance level. Cardano (ADA) price rebounded 5%, but it is still well below the $0.0450 and $0.0500 levels. Bitcoin and the crypto…

Price Analysis 07/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, ADA

Bitcoin looks to be stabilizing. If that happens, select altcoins might outperform. Let’s study the charts. Total crypto market capitalization has held the $200 billion mark for the past few days. This is a positive sign, as it shows that market participants are not panicking at lower levels but are using dips to buy. The first leg of the bull phase was led by Bitcoin, which saw its dominance rise from just above 50% at the start of the year to about 71% in early-September.  In the last few days,…

Bitcoin Price Technical Analysis (October 7): Bullish But Currently Stuck

When looking at the chart below we can see that Bitcoin(BTC)trade is currently trading at $8,168. Although an uptrend is supposedly seen, when looking closely we can recognize that the price is still between the channels and has failed to break the resistance of $8,255. So it is suggested not to take long positions at this price as it is currently around the resistance level. It is expected that the price will be traded between the channels for some time. The current resistance is at $8,255 and support is at…

Price Analysis 04/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, LEO

A few altcoins are looking strong. Is it a good time to buy or is this only a dead cat bounce? Let’s study the charts. Apple CEO Tim Cook said that he is not comfortable with private companies creating their own cryptocurrencies. Therefore, he ruled out plans of Apple releasing its own currency token. Though Facebook has announced plans to launch the Libra stablecoin, it is facing a lot of regulatory hurdles. Due to this, a few early backers of the project are reportedly planning to drop out, prominent among…