Tag: Overwhelmingly

Ethereum Overwhelmingly Bullish And $145 Is Imminent, Here’s Why

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ETH price is gaining bullish momentum above the $132 resistance against the US Dollar. The price is trading above $135 and it recently traded to a new 2020 high. There was a break above a key declining channel or bullish flag with resistance near $130 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to accelerate gains above the $140 and $142 resistance levels. Ethereum is surging above key hurdles against the US Dollar, similar to bitcoin. ETH price seems to be aiming a clear…

Bitcoin Weekly Forecast: BTC Trend Overwhelmingly Bearish

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After struggling to recover above $7,300, bitcoin price started a fresh decline against the US Dollar. The price is currently trading in a bearish zone just above the $7,000 support area. There is a key bearish trend line forming with resistance near $7,260 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price is likely to accelerate its decline if there is a downside break below the $7,000 support. Bitcoin price is back in a downtrend below $7,200 against the US Dollar. BTC could continue to…

Bitcoin (BTC) Trend Overwhelmingly Negative, Continue Selling?

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Bitcoin price is slowly declining and it recently broke the $7,200 support area against the US Dollar. The price is currently consolidating above $7,100 and likely to continue lower. Yesterday’s key declining channel is still active with resistance near $7,320 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher, but sellers are likely to remain in control near $7,200 and $7,250. Bitcoin price is showing signs of additional losses below $7,000 against the US Dollar. BTC remains sell on rallies until there…

Ripple (XRP) Price Trend Overwhelmingly Negative, Bitcoin Dives To $7.5K

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Ripple price is down 5% and it broke the key $0.2420 support area against the US dollar. The price tagged the $0.2350 support area and it is currently correcting higher. There is a new bearish trend line forming with resistance near $0.2450 on the hourly chart of the XRP/USD pair (data source from Kraken). The price remains at a risk of more losses as long as it is below $0.2580. Ripple price is now trading below key supports against the US Dollar and bitcoin. XRP price might continue to face…

Ripple (XRP) Price Trend Overwhelmingly Negative, Bitcoin Diving

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Ripple price is declining and trading below the $0.2560 pivot level against the US dollar. Bitcoin is down more than 3% today and Ethereum broke a major support near $178. There is a new connecting bearish trend line forming with resistance near $0.2530 on the hourly chart of the XRP/USD pair (data source from Kraken). The price tumbled recently and tested the $0.2400 support area. Ripple price is trading in a crucial downtrend against the US Dollar, while bitcoin is approaching $8K. XRP price is likely to struggle near the…

Bitcoin Price (BTC) Trend Overwhelmingly Bearish, Turned Sell On Rallies

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Bitcoin price is down more than 5% and it recently broke the key $9,760 support against the US Dollar. The price is currently consolidating near the $9,500 support and remains at a risk of more losses. This week’s followed bearish flag was breached with support near $10,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to extend its decline below the $9,500 and $9,480 support levels in the coming sessions. Bitcoin price fell sharply below the $10,000 and $9,800 supports against the…

Bitcoin Trend Overwhelmingly Bullish: Dips In BTC Remain Supported

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Bitcoin price traded to yet another 2019 high near $9,470 and corrected lower against the US Dollar. The price is trading nicely above the $9,200, $9,150 and $9,000 support levels. There is a key breakout pattern forming with support near $9,220 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct towards the $9,150 or $9,000 support before it starts a fresh rally. Bitcoin price is showing a lot of bullish signs above $9,000 against the US Dollar. BTC currently traded towards $9,500 and…

Bitcoin (BTC) Surmounts $6,500, Investors Overwhelmingly Bullish

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Bitcoin Tops $6,500 At Last, Many Bullish Wow. In what can only be described as jaw-dropping, Bitcoin (BTC) rocketed pass $6,300, $6,400, and $6,500 in rapid succession on Friday. By the looks of it, $6,600 might just be on the horizon. For some reason or another, buying pressure has returned to the cryptocurrency market in droves. While some cynics have argued that Bitcoin is rallying too fast and too high for its own good, some are sure that BTC’s technical set-up still is looking entirely bullish. David Puell of Adaptive…

Bitcoin Fundamentals and Technicals Flip Overwhelmingly Positive

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2018, by many measures, was the crypto ecosystem’s worse year yet. Digital assets, even Bitcoin (BTC), lost over 80% of their peak value on average; industry startups laid off chunks of employees or shut down entirely; and the words “crypto” and “blockchain” receded from the limelight, becoming a painful memory for those who “FOMOed” near early-2018’s peak. However, an array of data and other key pieces of evidence tells us that more likely than not, 2019 will be an absolutely monumental year for Bitcoin. Let’s take a look. Bitcoin Fundamentals…

Bitcoin (BTC) Price Trend Overwhelmingly Bullish & Dips Remain Attractive

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Bitcoin price started a downside correction after trading as high as $5,641 against the US Dollar. The price tested the $5,500 support area and recently bounced back above $5,580. There is a key bullish continuation pattern in place with resistance near $5,595 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains well supported on the downside and it could climb to a new 2019 high above $5,641. Bitcoin price remains in a strong uptrend above $5,400 against the US Dollar. BTC is moving higher…