Ethereum is following a bearish pattern and it recently failed to surpass $240 against the US Dollar. ETH price is likely to continue lower and it may soon retest the $200 support zone. Ethereum failed to clear the main $240 resistance zone and started a fresh decline. The price is now trading well below the…
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Due to a widespread recovery in risk assets, Bitcoin and its altcoin counterparts have recovered all the losses they have incurred in March. From the March lows of $3,700, in fact, Bitcoin is up by over 150%. Yet with BTC finally stalling in the $9,000s, analysts see a confluence of tell-tale signs that a further…
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Bitcoin, gold, and global stocks fell in sync after a jump in virus cases moved investors to the safety of cash. The sentiment helped the U.S. dollar index recover its losses by another 0.11 percent, bringing its total upside rebound to 1.43 percent. Sebastien Galy, a strategist at Nordea Asset Management, noted the recent pullbacks…
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Ripple failed to recover above the $0.1950 resistance and started a fresh decline against the US Dollar. XRP price is likely to accelerate lower below $0.1840 and $0.1800 in the near term. Ripple was rejected above the $0.1950 level and it is again declining against the US dollar. The price is now trading well below…
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Bitcoin is currently declining and trading well below $9,500 against the US Dollar. BTC is likely to continue lower and it seems like the bears are aiming a break below $9,100 and $9,000. Bitcoin is facing an increase in selling pressure below the $9,500 pivot level. The price failed to clear the $9,540 resistance zone…
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Despite Bitcoin bouncing at $9,000, analysts remain bearish on the leading cryptocurrency as the asset fails to recover crucial support levels. Related Reading: Last Time Bitcoin Saw This Structure, It Surged 40%. It’s About to Happen Again Bitcoin Prints Series of Bearish Signs Suggesting An Imminent Correction An analyst recently remarked that if Bitcoin doesn’t bounce…
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The past few days have seen Bitcoin stagnate into a tight range between $9,300 and $9,500. This is part of a wider two-month consolidation that has seen BTC’s price action tighten under the crucial $10,000 resistance. The cryptocurrency market has been so “boring” that as NewsBTC reported previously, volatility is heading towards lows not seen…
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Ethereum’s price action in recent times has been lackluster to say the least, as it has been closely tracking that of Bitcoin as it trades within a wide and long-held range. It does not appear that this is emblematic of the cryptocurrency’s long-term outlook, however, as one prominent venture capitalist is now noting that he…
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In the wake of the Bitcoin halving, the hash rate of the network dropped dramatically. Due to an effective 50% decrease in profitability, around 30% of the machines mining BTC went offline from peak to the bottom of the trough, slowing transactions down and causing an increase in transaction fees. But as blockchain data firm…
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Bitcoin’s consolidation phase seen throughout the past several weeks muddied the confidence that many investors previously had regarding the strength of its uptrend. Although the crypto’s 150% surge from its March lows has been incredibly impressive, this momentum halted as soon as it reached the five-figure price region. It has now posted two rejections at…
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