Bitcoin Price Gains Above $9.1K as Ether Looks to Rally to $285

To a new investor entering the crypto-space sights like today’s 3.5% pump to $9,141 is enough to make you giddy with excitement about the future of cryptocurrency. But is it that impressive? After all, Bitcoin (BTC) price was $9,300 last week, which is $200 higher than it is now. So let’s take a look at some of the factors causing, and fuelling these swings. Daily crypto market performance. Source: Coin360.com Bitcoin CME gap  Bitcoin price (BTC) took a dive from $9,265 and closed at $8,804.88 on Friday, November 8th, in…

Bitcoin Price Breaks Below $9,000, Historic Rally Now In Jeopardy

Two weeks ago, Bitcoin price set a record for its third-largest 24-hour gain in the young asset’s short history, rocketing from $7,400 to $10,500 from low to high. After weeks of consolidation, the crypto asset has run out of steam and has begun to fall, first breaking below support at $9,000 where it is currently trading. Can bulls push Bitcoin price back above support and make a push higher, or will bears regain control and potentially set a new local low? Bitcoin Price Finds Itself In Another Descending Triangle, Breakdown…

Bitcoin Price Risks Drop Below $9K if Bulls Can’t Muster Rally Soon

View Bitcoin’s repeated failure to produce a strong bounce from key support indicates the bullish sentiment has fizzled somewhat. Failure to hold above a bearish MA on the longer-term chart indicates scope for a deeper drop. BTC risks falling to $8,800 in the short-term and may extend the decline to $8,500. A high-volume triangle breakout on a 4-hour chart would be bullish, although that looks unlikely at press time. Bitcoin is struggling to revive its stalled rally and could soon roll over to deeper support levels below $9,000. The top…

Ethereum (ETH) Eyes Fresh Rally To $200, Bitcoin Up 3%

Ethereum price is rising and it broke the key $185 and $186 resistance levels against the US Dollar. Bitcoin is up around 3% and it managed to climb above the $9,400 resistance. There is a new bullish trend line forming with support near $185 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains supported on dips and it could continue to rise towards the $200 level in the near term. Ethereum price is slowly climbing higher versus the US Dollar, similar to bitcoin. ETH price is…

Critics Savage Research Paper Alleging Lone Whale Caused Bitcoin’s 2017 Rally

Crypto commenters have torn into a new research paper alleging a single whale caused bitcoin’s 2017 price rally. The paper, reported prominently in Bloomberg and the Wall Street Journal, has been criticized for failing to understand that mass inflows of tether (USDT) to the cryptoconomy are not indicative of a single source accounting for all the buy pressure. Also read: Bad Loans at Big British Banks Jump Over 50% in a Year The Legendary Lone Whale The final draft of the research paper that’s had Tether’s lawyers seething for weeks…

Ethereum Price Weekly Forecast: ETH Could Rally Again

ETH price found support near the $178 zone and is correcting higher against the US Dollar. The price is currently consolidating above the $180 support area, with a few positive signs. There is a major bullish trend line forming with support near $182 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair remains well supported on the downside near the $182, $180 and $178 levels. Ethereum price is likely to climb above the $185 resistance against the US Dollar, while consolidating vs bitcoin. ETH price must stay…

Ether and Bitcoin Price Look for Direction After Last Week’s 42% Rally

Over the past few weeks, Ether (ETH) has tracked Bitcoin’s (BTC) price action and observant traders have deftly played reversals off double bottoms and back to back bounces at the $162 and $153 support. A comparison of the daily and weekly charts of Ether and Bitcoin highlights a number of similarities, chiefly, the Doji candle set right outside the upper arm of a wedge pattern. Ether, like Bitcoin, is consolidating into a tightening range as Bitcoin cools off and searches for direction after the meteoric 42% rally on Oct. 25. …

Bitcoin (BTC) Price Likely Positioned For Next Rally

Bitcoin price is holding the key $9,000 support area against the US Dollar. The price is facing a couple of short term resistances near the $9,200 and $9,400 levels. This week’s followed major bearish trend line is active with resistance near $9,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to rally if it breaks the $9,200 resistance and the $9,320 pivot level. Bitcoin price is showing a lot of positive signs above $9,000 against the US Dollar. Overall, BTC is likely…

Bitcoin (BTC) Price Could Dip Further Before Fresh Rally

Bitcoin price is currently correcting lower and is trading below $9,500 against the US Dollar. The price is likely to decline further towards $8,700 before it could rise again. Yesterday’s highlighted key bearish trend line is intact with resistance near $9,460 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price must surpass the $9,460 and $9,500 resistance levels to start a fresh increase. Bitcoin price is facing a few key hurdles near $9,500 against the US Dollar. Therefore, BTC could dip a few points before…

Altcoins Prepare to Rally in the Shadow of Bitcoin’s Recent 42% Gain

Last week Bitcoin’s (BTC) price action surprised the majority of the market and traders are now looking closely at altcoins to spot similarities that might signal a new altcoin market cycle.  Daily crypto market data. Source: Coin360 As Bitcoin surged, China-based altcoins began to break out of their downtrend and showed some significant increases. For example, altcoins like NEO rallied 101% and Ontology (ONT) quickly gained 128%. Let’s have a look at the altcoin market for an overview.  Altcoin market capitalization breaks the downtrend Total Altcoin Market Capitalization. Source: TradingView…