This Scenario Will Trigger A New Ethereum Rally: Key Levels To Watch

Ethereum is showing positive signs above the $142 and $140 supports versus the US Dollar. ETH is likely to smash $148 and $150 to start a new rally, especially if bitcoin rallies above $8,200. Ether price is holding the key $140 and $142 support levels against the US Dollar. The price is struggling to clear $148, but there are high chances of an upside break. There is a key breakout pattern forming with resistance near $147 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct…

Bitcoin May Have Just Rejected a Big Rally to the $9,000: Here’s Why

The bitcoin price looked to be en route of surpassing a key resistance level at $8,250 that would leave it open to testing $9,000 and levels higher above it. But, the weekly close below $8,500 may leave it vulnerable for a steep pullback. In short-term trading, a weekly close is considered an important element that plays a factor in how the following week reacts. At crucial periods, a weekly close often dictates the price trend of bitcoin for many weeks that follow. Bitcoin unable to close above $8,500 and a…

Bitcoin May Have Just Rejected a Big Rally to the $9,000: Here’s Why

The bitcoin price looked to be en route of surpassing a key resistance level at $8,250 that would leave it open to testing $9,000 and levels higher above it. But, the weekly close below $8,500 may leave it vulnerable for a steep pullback. In short-term trading, a weekly close is considered an important element that plays a factor in how the following week reacts. At crucial periods, a weekly close often dictates the price trend of bitcoin for many weeks that follow. Bitcoin unable to close above $8,500 and a…

Bitcoin Indicator That Called Rally to $14,000 Flashes Again

Once again, analysts have started to flip bullish on Bitcoin again. Sure, the cryptocurrency is still down some 40% from its $14,000 peak from last year, but per a number of traders, an array of key technical indicators have suggested that BTC is ready to return higher once again. Related Reading: Crypto Tidbits: Elon Musk Pokes Bitcoin Bear, Japanese Giants Delve Into Cryptocurrency Mining, Baidu’s Blockchain Beta Key Bitcoin Buy Signal Flashes For First Time Since March Financial Survivalism, the cryptocurrency trader that last week called Bitcoin’s surge to above $8,000,…

Bitcoin Price Primed For Fresh Rally And Only 1 Thing Is Holding It Back

Bitcoin is trading back in an uptrend above the $7,800 and $7,700 support levels against the US Dollar. BTC could start another strong uptrend if it settles above $8,200. After a downside correction, bitcoin price found support near $7,700 against the US Dollar. The price is currently rising, but it is facing hurdles near $8,200 on the upside. There is a key breakout pattern forming with resistance near $8,160 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price is likely to rally if it climbs…

Bitcoin Is In Steep Downtrend, But This Variable Can Trigger A New Rally

Bitcoin price followed a bearish path after it failed to surpass the $8,500 resistance against the US Dollar. BTC is now approaching a crucial support near $7,750 and $7,600. Bitcoin is trading near a significant buy zone at $7,600-$7,750 against the US Dollar. The bulls are likely to gain control if they are able to protect $7,600. There is a short term declining channel forming with resistance near $7,880 support near $7,930 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could either bounce sharply…

Ripple’s XRP Struggles After Explosive Price Rally; And Bigger Losses Are Likely

Ripple blockchain’s native asset XRP showed signs of a weakening bullish momentum as traders’ reassessed their risks in the altcoin market. The third-largest cryptocurrency by market capitalization plunged by 4.24 percent on Tuesday. The losses came as a correction to an explosive price rally registered earlier this week, wherein the XRP-to-dollar exchange rate swelled by circa 15 percent. As of today, the pair was more or less flat in the absence of adequate buying sentiment. The XRP price hints a reversal upon testing a key resistance trendline | Source: TradingView.com,…

HEX Owner Cashes Out $7 Million Ethereum Pile for Profit Rally

Bulk of the remaining Ethereum used to buy HEX has been emptied from original address. Creator Richard Heart refuses to acknowledge any involvement with the ETH in question. Surprisingly, the ETH now sits in 36 different addresses and has not been sold. Nearly $7 million worth of Ethereum has been emptied out of the HEX purchase address in the past few days. $7 Million Worth of Ethereum on the Move A series of 36 transactions, each containing 1,337 ETH, depleted the bulk of the remaining Ethereum which had been sent…

Bitcoin Rally Unclear while Faltering at $8000, Hash Rate at All-Time High

BTC/USD is currently trading at $7,861 (+1.4% from the beginning of the day). The crypto is in motion as part of a vigorous bull trend in Asia amid growing volatility and a tested zone past the $8,000 price level. As Bitcoin halving approaches, several market analysts are trying to project how this will influence the price, while in some other forecasts, an analyst said that dominance in the Bitcoin market may not surpass 75%, and price recovery may be limited to $15,000. The Bitcoin sphere counts the months preceding a…

XRP’s Epic 12% Rally is Bullish for Ethereum Price; Here’s Why

For the third or fourth day in a row, bulls have decisively taken control of the cryptocurrency market. Leading the pack wasn’t Bitcoin or Ethereum (ETH), it was XRP, the third-largest cryptocurrency by market capitalization and an asset that is either despised or loved. Related Reading: Bitcoin is On the Brink of Going Parabolic; Here’s the Levels to Watch As reported by NewsBTC previously, the Ripple-linked token surged on Monday, rallying as high as 12% and tapping $0.22 as buyers stepped in en-masse. For some perspective, Bitcoin gained a mere…