Bitcoin Price Watch: BTC/USD Preparing for Next Upside Wave

Key Points Bitcoin price recently dipped and then rallied above the $6,400 level against the US Dollar. There was a break above two bearish trend lines with resistance at $6,320 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently correcting lower, but it remains supported near the $6,320-00 zone. Bitcoin price is positioned in the positive zone above $6,300 against the US Dollar. BTC/USD could move back higher towards $6,500 in the near term. Bitcoin Price Analysis There were a couple of nasty…

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Ripple Price Analysis: XRP/USD Signaling Upside Extension

Key Highlights Ripple price surged higher recently and broke the $0.3200 resistance level against the US dollar. There is a major contracting triangle in place with resistance at $0.3300 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could correct a few points, but it remains supported above the $0.3100 level. Ripple price is trading with a bullish bias against the US Dollar and Bitcoin. XRP/USD needs to gain above $0.3350 for a push towards the $0.3500 level. Ripple Price Rise Yesterday, we saw a…

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Cardano Price Analysis: ADA/USD Eyes Upside Break above $0.075

Key Highlights ADA price is trading nicely above the $0.0650 support area against the US Dollar (tethered). There is a key bullish trend line in place with support at $0.0700 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to move higher above the $0.0740 and $0.0750 resistance levels in the near term. Cardano price is positioned in the bullish zone against the US Dollar and Bitcoin. ADA/USD could move above the $0.0750 resistance to test $0.0800. Cardano Price Analysis After forming a…

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Ethereum Price Analysis: ETH/USD Under Pressure Below $216

Key Highlights ETH price is struggling to break the $214-216 resistance zone against the US Dollar. Yesterday’s highlighted important bearish trend line is active with resistance at $212 on the hourly chart of ETH/USD (data feed via Kraken). The pair has to break the trend line and the $216 resistance zone for more gains in the near term. Ethereum price is mostly in a bearish zone against the US Dollar and bitcoin. ETH/USD needs to overcome sellers above $212 to test the $228 resistance. Ethereum Price Resistance Yesterday, there were…

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Ethereum (ETH) Price Watch: Still Waiting for a Triangle Breakout

Ethereum Price Key Highlights Ethereum has formed lower highs and higher lows to create a symmetrical triangle pattern on its 1-hour chart. Price is currently bouncing off support and might be due for another test of the top. Ethereum is also nearing the peak of the triangle pattern so a breakout might take place anytime soon. Ethereum continues to consolidate in a symmetrical triangle on its 1-hour chart and might be due for a breakout soon. Technical Indicators Signals The 100 SMA is above the longer-term 200 SMA to signal…

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Bitcoin (BTC) Price Watch: Volatility Picking Up Leading to Bitcoin ETF SEC Ruling

Bitcoin Price Key Highlights Bitcoin price tossed and turned around current support levels but is still on track to complete a double bottom pattern. Price is making its way closer to the neckline around the $6,600 level and a break higher could confirm an uptrend. Technical indicators are showing the presence of selling pressure, though. Bitcoin price underwent a pickup in volatility as traders are positioning ahead of the SEC decision on bitcoin ETF applications. Technical Indicators Signals The 100 SMA is crossing below the longer-term 200 SMA to signal…

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Bitcoin Cash Price Analysis: BCH/USD Dips Remain Supported

Key Points Bitcoin cash price dipped recently, but it found support near $410 against the US Dollar. There is a major bearish trend line in place with resistance near $440 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair needs to climb above the $450 hurdle for more gains in the near term. Bitcoin cash price is trading above $400 against the US Dollar. BCH/USD is facing a couple of important resistances near $445 and $450 levels. Bitcoin Cash Price Resistance During the past few…

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Bitcoin Cash Sellers Targeting $300

The debate around how best the network shall scale and provide passage for mass adoption in a coin that’s positioning itself as a medium of exchange is placing Bitcoin Cash value and investors in a precarious situation. While there are flickers of reversal in lower time frames, our Bitcoin Cash price analysis predicts a possible depreciation towards $300 and $220. Latest Bitcoin Cash News In less than two months, the Bitcoin Cash is set for another hard fork but this time, there are two camps competing for hash rates and…

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Litecoin, Stellar Lumens, Monero, Cardano, EOS Price Analysis

Sep 18 flash gains are quickly evaporating giving way for solid Sep 17 losses backed by high level of participation syncing with the dominant trend—that of sellers. That is why, it’s likely that EOS, Litecoin, Stellar Lumens, Monero and Cardano prices might drop in coming days with Cardano for example dipping below 6 cents and printing new lows. Litecoin is also poised to shed some more so if there are dips below $50 before the weekend. Let’s have a look at these charts: EOS Price Analysis Latest EOS News Block…

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BTC/USD Stabilizes in 6200-6400 Area

Bitcoin price on Wednesday consolidated sideways against the US Dollar, rangebound between two critical levels defined by $6,200 and $6,400. The BTC/USD kickstarted the day forming lows towards 6316-fiat. The early Asian trading session saw the pair attempting a moderate upside rebound towards 6400-fiat. However, a considerable selling pressure around 6384-fiat, September 11 peak, didn’t allow much upside extension. The pair, thus, reversed and retraced its focus towards 6250-fiat by mid-European session – only to find itself being bounced back. It would appear the price is stuck ahead of the…

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