Bitcoin price is currently declining and is trading well below $8,000 against the US Dollar. The price is struggling to recover and it looks set to decline further towards the $7,500 support. There is a crucial declining channel forming with resistance near the $8,050 level on the hourly chart of the BTC/USD pair (data feed...
The weekend brought a little hopium as Bitcoin prices topped $8,200 briefly, however the doom and gloom has returned on Monday morning as BTC has dumped back into the $7k region again. The longer term chart indicators are mounting up and they are all screaming bear market. Bitcoin Slides Below $7,800 Following a weekend of...
Ripple price is gaining bullish momentum above the $0.2600 resistance area against the US dollar. The price is up around 5% and it recently broke the $0.2650 resistance area. There is a connecting bullish trend line forming with support near $0.2550 on the hourly chart of the XRP/USD pair (data source from Kraken). The price...
ETH price is declining and it recently broke the $172 and $170 support levels against the US Dollar. The price is trading in a bearish zone and it could slide further towards the $160 support. There is a major bearish trend line forming with resistance near $174 on the hourly chart of ETH/USD (data feed...
Despite the harrowing price drop seen in late September, institutions are expecting for the Bitcoin (BTC) price to soon head higher — at least for institutions involved in the Chicago Mercantile Exchange (CME) futures market. According to a recent Commitments of Traders report shared by Romano, traders that identify as either "asset managers" or "institutions"...
Ethereum's price action has been closely tracking that of Bitcoin and the aggregated crypto markets, but its recent downtrend may not have been simply the result of weak price action, as data suggests that ICOs have been selling a significant amount of their ETH in recent times. The treasury sale of ETH from ICOs could...
After experiencing a long period of sideways trading within the lower-$8,000 region, Bitcoin (BTC) has once again extended its downwards momentum and has begun moving lower today as it has broken below $8,000 on most major exchanges. This extension of its downwards momentum has led most analysts to target lower-lows in the near-term, but BTC...
The past few months haven't been kind to Bitcoin bulls. Since peaking in June, the cryptocurrency's price has fallen from $14,000 to the $7,700 low set last week. While the macro backdrop is evidently different, as are the fundamentals of the cryptocurrency market, many analysts have argued that the recent collapse in the Bitcoin price...
