Bitcoin Price Weekly Analysis: BTC Sellers In Control Below $3,600

Key Points Bitcoin price extended losses below the $4,000 and $3,600 supports against the US Dollar. There is a significant bearish trend line formed with resistance at $3,630 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is currently consolidating losses above $3,200, with resistances near $3,500 and $3,600. Bitcoin price is in a major downtrend below $4,000 against the US Dollar. BTC/USD may continue to struggle to recover above the $3,600-3,700 resistance zone. Bitcoin Price Analysis This past week, bitcoin price declined below the…

Cardano Price Analysis: ADA/USD Decline Below $0.030 Looks Real

Key Highlights ADA price declined heavily and broke the $0.0320 and $0.0300 support levels against the US Dollar (tethered). There are two bearish trend lines formed with resistance at $0.0320 and $0.0350 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair could correct higher in the short term, but upsides remain capped near $0.0320 and $0.0310. Cardano price is under heavy selling pressure against the US Dollar and Bitcoin. ADA/USD may continue to decline and it could test the $0.0260 support. Cardano Price Analysis There…

Ripple Price Analysis: XRP/USD Remains Sell Near $0.3200

Key Highlights Ripple price fell heavily and broke the $0.3200 and $0.3000 support levels against the US dollar. There is a major bearish trend line in place with resistance at $0.3200 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains in a major downtrend and recoveries remain capped near $0.3100 and $0.3200. Ripple price is under heavy selling pressure against the US Dollar and Bitcoin. XRP/USD may recover in the short term, but upsides remain capped near $0.3200. Ripple Price Analysis The past few…

Bitcoin Cash Price Analysis: BCH/USD Crashes Below $150

Key Points Bitcoin cash price traded further lower and broke the $150 support level against the US Dollar. There is a new connecting bearish trend line formed with resistance near $148 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair remains at a risk of more losses below the $140 level in the near term. Bitcoin cash price extended losses below $150 against the US Dollar. BCH/USD may continue to move down and it could even test the $125 level. Bitcoin Cash Price Analysis Yesterday,…

Ethereum Price Weekly Analysis: ETH/USD Facing Uphill Task Below $140

Key Highlights ETH price formed a decent support near $98 and recovered recently against the US Dollar. There is a major bearish trend line formed with resistance at $117 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to face a lot of hurdles near $117, $120, $$132 and $139 in the near term. Ethereum price remains in a bearish zone versus the US Dollar and Bitcoin. ETH/USD must clear the $117 and the $132 resistance to climb towards $165. Ethereum Price Analysis After a…

Cardano Price Analysis: ADA/USD Could Climb Above $0.045

Key Highlights ADA price started a decent recovery after forming a support at $0.0350 against the US Dollar (tethered). There is a short term bullish trend line formed with support at $0.0410 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to climb further higher and it may even break $0.0450 in the near term. Cardano price recovered recently against the US Dollar and Bitcoin. ADA/USD may accelerate gains above the $0.0440 and $0.0450 resistance levels. Cardano Price Analysis After forming a support…

Bitcoin Price Weekly Analysis: BTC/USD Nosedives Below $3,800

Key Points Bitcoin price fell significantly and traded below $4,000 and $3,800 against the US Dollar. There is a major bearish trend line formed with resistance at $4,200 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is under pressure below $3,800 and it could even break the $3,500 support level. Bitcoin price tumbled more than 15% and broke the $3,800 support against the US Dollar. BTC/USD could accelerate declines towards the $3,500 level. Bitcoin Price Analysis This past week, there was a tiny upside…

Ripple Price Analysis: XRP/USD Facing Key Resistance Near $0.4500

Key Highlights Ripple price is currently consolidating below the $0.4500 and $0.4600 resistances against the US dollar. There is a key contracting triangle formed with resistance at $0.4460 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is preparing for the next break either above $0.4500 or below $0.4280. Ripple price is trading in a tight range against the US Dollar and Bitcoin. XRP/USD may soon make the next move either above $0.4500 or towards $0.4000. Ripple Price Analysis Yesterday, we discussed that ripple price…

Ethereum Price Analysis: ETH/USD At Risk Of More Declines

Key Highlights ETH price struggled to move above the $179 resistance and declined against the US Dollar. There is a key connecting bearish trend line formed with resistance at $178 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently at a risk of a downside break below the $165 support level. Ethereum price is under pressure against the US Dollar and bitcoin. ETH/USD is likely to extend declines below $165 and $160 in the near term. Ethereum Price Analysis The past few sessions were mostly…

Bitcoin Price Intraday Analysis: BTC/USD in Breakout Action

Twitter Facebook LinkedIn Bitcoin on Sunday jumped 2.13 percent against the US Dollar as USD-pegged cryptocurrency tether (USDT) resumed its implosion. BTC/USD was in a sideways sentiment for most of the weekend trading session. The bearish trendline has capped the upside bias on multiple occasions. Nevertheless, the pair — from the past 8 hou rs to the time of this writing — has persuaded a successful breakout action, breaking the cap mentioned above and forming new intraday highs towards 6464-fiat. At the same time, CoinMarketCap.com is showing a massive drop…