Soaring Bitcoin Price Leads $159 Billion Crypto Market Recovery

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Well, somebody bought the dip. Just as critics were rushing to proclaim that the bitcoin bubble had burst, the markets staged a $159 billion recovery. The rally was headlined by the bitcoin price, which rebounded from its sub-$10,000 fling and is currently flirting with $12,000. Several other top-tier coins, meanwhile, returned single day increases in excess of 40 percent. Source: CoinMarketCap Altogether, the cryptocurrency market cap clawed its way back to $574 billion, representing a 38 percent…

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Bitcoin Price Watch; Here’s Where We Are Looking This Evening

We are closing in on the end of another session out of Europe on Thursday and once again there’s plenty to discuss in the bitcoin price. Things have been pretty volatile this week so far (well, pretty volatile is something of an understatement) and we’re currently looking at a substantially weakened price as compares to the prices we were looking at towards the end of last year and into the early part of 2018. With that said, however, most of the major tokens and coins have gained strength during today’s…

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Ethereum Analysis January 19, 2018

ETH/USD Ethereum rallied a bit during the trading session on Thursday, after bouncing from a significant trend line. It did struggle at the $1100 level from what I see, so having said that I am a bit cautious. If we can break above the $1100 level, then I think we could go bit higher, perhaps as high as $1300 level. The lack of volume continues to be a serious problem, as rallies continue to be very light. Because of this, I am a bit cautious, so I would be very…

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Bitcoin Analysis January 19, 2018

BTC/USD Bitcoin has been absolutely pummeled over the last couple of sessions, but during the trading session on Thursday, we are starting to see an attempt to rally. By breaking above the $12,000 level, we have a potential reversal happening, but I would be very cautious about this, as it could be a “bull trap.” One of the things that I am truly concerned about is that although the candlestick looks likely to show a bullish proclivity, the volume simply is not there. In fact, I would wait until we…

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DASH and Litecoin Analysis January 19, 2018

DASH/USD Dash traders rallied during the session on Thursday, breaking above the $800 level. However, even though this is a bullish move, we have a significant lack of volume. The question now is will we see more people coming back into this place? A break above the $900 level would be a bit more convincing, but at this point I think that it’s likely that we will see a move below $750 again.   LTC/USD The Litecoin markets rallied slightly as well, but on even less volume. We are reaching…

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Ripple Price Surges 49% as Market Shakes Off Wednesday Woes

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The ripple price surged by 49 percent on Thursday as the cryptocurrency markets made a $177 billion recovery from Wednesday’s low-point. Ripple Price Makes 49 Percent Recovery Like all cryptocurrencies, this week’s market movements have dealt ripple a losing hand. After peaking near $4 earlier this month, the ripple price plunged as low as $0.88 on Bittrex on Wednesday, representing a 77 percent peak-to-valley decline. Thursday, however, demonstrated that the markets do not intend to go down…

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Bitcoin Price Watch; Here’s What’s On This Morning

It’s Thursday morning and it’s time to get moving on our twice daily bitcoin price analysis for the start of the European session. Things have been moving pretty fast throughout the session and, as many reading will almost certainly be aware, price is down pretty much across the board in the crypto space on the back of a couple of key fundamental developments. Well, the fundamental developments got things moving and this led to a whole host of collateral selling, primarily rooted in idea that people are unloading positions in…

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Ethereum Classic Price Technical Analysis – ETC/USD Facing Key Resistance

Key Highlights Ethereum classic price declined sharply before forming a short-term low at $22.05 against the US dollar. There is a crucial bearish trend line forming with resistance at $34.00 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is currently recovering, but it is facing a major resistance near the $32.00 area. Ethereum classic price recovered recently after a major decline against the US Dollar and Bitcoin. ETC/USD is correcting higher, but it is finding offers around $32.00. Ethereum Classic Price Upside Hurdles There…

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Ripple Price Technical Analysis – Can XRP/USD Break This?

Key Highlights Ripple price made a major bottom near the $0.8399 low and recovered against the US dollar. There was a break above yesterday’ highlighted crucial bearish trend line with resistance at $1.45 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently facing a huge task near the $1.60 level and the 100 hourly simple moving average. Ripple price is recovering nicely against the US Dollar and Bitcoin. XRP/USD is now above $1.40, but facing a major resistance near $1.60 and the 100…

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NEM SLOW DOWN WITH POTENTIAL SUPPORT AT $0.53

Most alt coins are correcting and even in the midst of all this bear pressure, NEM slow down reveals potential support at $0.53. It might be temporary, who knows but similar traits can be seen in several other alt coins including IOTA, LTC and DASH. Of course catching reversals at key supports can be dopamine triggering but I urge confirmation and patience. Otherwise, if the dump continues, I see NEM testing $0.34 while LTC buyers might find refuge at $115 which is around the main support line and the origin…

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