Ethereum Price Analysis: ETH Losing Bullish Momentum, Downsides Limited

ETH price struggled to stay above the $121 and $119 support levels against the US Dollar. This week’s followed major bullish trend line was breached with support at $121 on the hourly chart of ETH/USD (data feed via Kraken). There is a new connecting bearish trend line in place with resistance at $121 on the same chart. The price could revisit $121-122 resistance zone, where sellers are likely to reemerge. Ethereum price is pointing a few bearish signs against the US Dollar and bitcoin. ETH/USD is now at a risk…

Blockchain Analysis Ties 5 Bitcoin Addresses to QuadrigaCX Exchange

Blockchain watchers have identified a group of bitcoin addresses that likely belong to one of the so-called cold wallets of failed crypto exchange QuadrigaCX. The discovery is notable in light of QuadrigaCX’s claim that it has been unable to access these wallets – which held the lion’s share of the $190 million owed to customers – since the death in December of CEO Gerald Cotten. In court filings, the company has said Cotten had the sole responsibility of moving funds from the exchange’s “hot,” or active, wallet to offline “cold”…

Ethereum Price Analysis: ETH Could Extend Consolidation Above $114

ETH price remained in a range and consolidated above the $114 and $116 supports against the US Dollar. There was a break below a short term contracting triangle with support at $119 on the hourly chart of ETH/USD (data feed via Kraken). The pair might continue to consolidate and it could even test the $114 support area in the near term. Ethereum price is showing signs of extended consolidation against the US Dollar and bitcoin. ETH/USD could decline towards the $114 support before the next upward move. Ethereum Price Analysis…

Ripple Price Weekly Analysis: XRP Primed For More Upsides

Ripple price bounced back sharply and broke the $0.3000 resistance level against the US dollar. There was a break above a major bearish trend line with resistance near $0.2900 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair is now placed nicely above the $0.3000 support and the 100 simple moving average (4-hours). Ripple price gained a strong bullish momentum against the US Dollar and bitcoin. XRP/USD is likely to extend the current wave towards the $0.3300 or $0.3400 resistance level. Ripple Price Analysis Recently,…

Bitcoin Price Analysis: Strong Rally Set to Test Overhanging Resistance

Shortly after the London Open, the entire crypto market saw a strong round of buying. Some coins broke their highest volume seen since the beginning of the bear market, and several others broke straight through overhanging resistance levels. Bitcoin, too, enjoyed a nice rally, rising almost 11% in just a few short hours: Figure 1: BTC-USD, 4-Hour Candles, Early Morning Rally This rally was very strong and sudden, running the stops of many late shorters in the crypto market. Zooming out to the daily view, we can see just how…

Bitcoin Price Analysis: BTC Explosion, Surge 8.4%

Bitcoin prices recover, find support from $3,400 Argentinians can now load their SUBE Travel Cards using Bitcoin Transaction volumes picking up, Bulls are back It was the objective of Satoshi Nakamoto to roll out a cash payment system. That is why efforts are being made to drive BTC to the mainstream, and aside from Wyoming, Argentinians using public transport means can load up their cards using BTC. No doubt, such efforts will help pump prices from spot rates. Bitcoin Price Analysis Fundamentals For Bitcoin to strive, then it must find…

Bitcoin Price Weekly Analysis: BTC Rebound Approaching Crucial Resistance

Bitcoin price formed a support base near $3,370 and recovered higher above $3,450 against the US Dollar. There was a break above a major contracting triangle with resistance at $3,440 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair seems to be approaching a couple of important resistances near $3,500 and $3,510. Bitcoin price is slowly moving higher with positive signs against the US Dollar. However, BTC/USD is now approaching a significant hurdle near the $3,500 resistance zone. Bitcoin Price Analysis This past week, bitcoin…

Bitcoin Price Analysis: BTC at $4,500 Not an Impossibility

Bitcoin Price up 1.8 percent, double-bar bull reversal pattern prints Fidelity Investment custodial services set for March Transactional volumes expected to rise in days ahead Three months after announcing their interest in crypto, Fidelity Investment will set out and roll out Bitcoin custody in three months. No doubt this will easy crypto trading as BTC is usually the base pair as BTC/USD rise from $3,500. Bitcoin Price Analysis Fundamentals Here’s why Fidelity Investments delving into the cryptocurrency world is such a big deal. First, the Boston based firm has over…

Bitcoin Price Analysis: Crypto, The New Amazon– Charles Hoskinson

Bitcoin price stagnant in a $300 range Charles Hoskinson says crypto will retest 2017 peaks in 11 years Transactional volumes low, average 12k thus consolidation According to Hoskinson, the crypto market is far from mature. In that case, he expects assets like Bitcoin to retest 2017 highs in the next 11 years. Even so, there are movements, and the failure of bears to drive prices below $3,500 is an endorsement for bulls. Bitcoin Price Analysis Fundamentals Charles Hoskinson is the founder of Cardano and the co-founder of Ethereum Classic. However,…

Ripple Price Analysis: XRP Accumulation, Bull Pressure Building Up

Ripple prices stable above 30 cents SWIFT—Ripple competition should heat up in coming days Transactional volumes low and dropping XRP success depends on adoption. That’s why an increase in xRapid users is bullish for investors. Even still, the slide of XRP prices have been deflating, and after 12 months of lower lows, we expect Sep 2018 to guide medium to long term price trajectory. Ripple Price Analysis Fundamentals As long as SWIFT dominates, we expect determined competitors to step up their marketing, pitch to potential clients—mostly in areas where most…