Down Again: Bitcoin Is Closing on Key Long-Term Price Support

View Bitcoin is again closing on the 200-week moving average, which served as strong support in December. The weekly RSI is more bearish this time round, though, and is reporting undersold conditions. A weekly close below that level could be followed by a slide back to September 2017 lows near $2,970. A failure to push prices below the 200-week SMA support would weaken the bears. A bullish reversal, however, would be confirmed only above $3,658 – the high of gravestone doji carved out Saturday. Bitcoin (BTC) is on the defensive…

Samsung Crypto Support Bullish for BTC

Bitcoin Price ranging inside Jan 22 high low A mark of adoption, Samsung S10 supports cryptocurrencies Transactional volumes low and dropping—now stands at 12k on average Investors, as well as traders, are confident. With supportive fundamentals, BTC demand should increase, lifting prices from spot rates to above $3,800. That will be in line with our previous BTC/USD trade plan. If not and prices drop below $3,500, BTC could sink to $3,200. Bitcoin Price Analysis Fundamentals Following the HTC route, Samsung “leaked” to the world the next generation Galaxy S10 phone.…

This Former Bitcoin Price Support Is Now Capping Gains

Bitcoin’s (BTC) weekly gains were wiped out at the weekend by a key moving average that previously offered support. The leading cryptocurrency by market capitalization jumped to highs above $6,750 on Saturday, having weakened the immediate bearish case with a repeated defense of the psychological support of $3,500 last week. BTC, however, failed to secure a UTC close above the 21-month MA. More importantly, rejection at that MA hurdle proved costly – BTC fell 3.8 percent to $3,470 yesterday. So, it could be argued that the MA line, which served…

BTC Cap Up $700 million From $3,700 Support

Bitcoin price ranging, up $700 million in the last 10 Hours Federal Reserve Bank of St Louis research confirms there is BTC demand Transactional volumes low. Drops from 18k to 15k in three days Market participants are optimistic and for good reasons. Candlestick arrangement points at bulls, and as prices swing between Jan 14 high low, our immediate triggers will be at $3,800. All the same ideal targets are at $4,500 and $6,000 on the upside. Bitcoin Price Analysis Fundamentals Aside from supervising and regulating financial institutions in the US,…

Ripple Price Analysis: XRP Holding Important Support, Can It Recover?

Ripple price traded lower recently and tested the $0.3580 support against the US dollar. There is a major bullish trend line with support at $0.3530 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could recover above $0.3650 as long as it is above the $0.3530 and $0.3580 supports. Ripple price corrected lower recently against the US Dollar and Bitcoin. XRP/USD must stay above $0.3530 to start a fresh upward move in the near term. Ripple Price Analysis After forming a high near the $0.3760…

Ripple Price Analysis: XRP Find Support at 35 Cents, Close 2018 on a High

Latest Ripple News Coin creators ought to have a thick skin and always ready to answer any question touching on their creations. While Ripple is an independent and a for-profit company that advocates three main solutions in xRapid, xCurrent, and xVia, it’s a well-documented that the community is not so sure on whether XRP is a security or a utility. Brad Garlinghouse insists that Ripple Lab’s XRP is a utility and a former SEC commissioner did reinforce his position. In a recent AMA, Brad said XRP is a utility, and…

Bitcoin Price Weekly Analysis: BTC Holding Key Uptrend Support

Key Points Bitcoin price declined recently towards the $3,560 support area against the US Dollar. There is a key bullish trend line formed with support $3,680 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is currently holding a crucial support and it could bounce back above $3,800 and $3,900. Bitcoin price is holding the key uptrend support near $3,600 against the US Dollar. BTC/USD is likely to resume its upward move above $4,000 in the near term. Bitcoin Price Analysis This past week, bitcoin…

Ripple Price Analysis: XRP Broke Key Support, More Losses Ahead

Key Highlights Ripple price traded lower recently and broke the $0.3550 and $0.3440 supports against the US dollar. There is a major bearish trend line formed with resistance at $0.3560 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may correct a few points in the near term, but it could face sellers near $0.3550 and $0.3600. Ripple price extended the recent decline against the US Dollar and Bitcoin. XRP/USD is now in a bearish zone and it could decline further towards the $0.3100 level.…

Bitcoin Price Eyes Support at $3,000 as BTC/USD Sets New Yearly Low

The bitcoin price on Friday plunged 6.5 percent against the US Dollar, breaking below the flagship cryptocurrency’s previous yearly low at $3,455. The bearish cycle took another turn after the Securities and Exchange Commission (SEC) halted its decision on the VanEck’s upcoming bitcoin ETF once again. The fundamental has been treated as one of the strongest bullish catalysts for the bitcoin market, with many believing that its approval would bring a minimum of $1 billion investment into space. In case the US regulator disapproves it, the market sentiment would be…

Bitcoin Price Eyes Recovery After Defense of Long-Term Support

Bitcoin’s defense of key long-term support for the second time in four days is a positive sign for a potential recovery rally. The leading cryptocurrency by market value fell below $4,242 (low of Wednesday’s inside-day candle) in the Asian trading hours, putting the bears back into the driver’s seat. As a result, BTC fell below the 200-week exponential moving average (EMA) of $4,182 earlier today. The breach of the EMA support, however, may have trapped the bears on the wrong side of the market, as BTC is currently trading at…