Ethereum is up around 2% and it broke the $232 resistance against the US Dollar. ETH has likely moved into a positive zone and it could continue to rise towards $240 or even $250. Ethereum is slowly gaining bullish momentum above the $232 resistance The price tested the $235 resistance and trading well above the…
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Bitcoin’s price action over the past few weeks has been “boring” to many traders. Due to similar indecision in the equities market, which has influence over what direction cryptocurrencies will head, BTC has stalled in the $8,000s and $9,000s from early May until now. At long last, analysts say that a breakout for Bitcoin is…
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Bitcoin price could retest $10,000 this week on its growing correlation with the S&P 500. The cryptocurrency could head higher as a veteran strategist sees S&P 500 rising by roughly 7 percent this week. Ryan Frederick, the vice president of trading and derivatives at Charles Schwab, said on Monday that the U.S.benchmark would extend its…
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Ripple is slowly correcting higher above the $0.1850 level against the US Dollar. However, XRP price must break the $0.1880 resistance and the 100 hourly SMA to start a strong upward move. Ripple is still trading in a bearish zone below $0.1920 and $0.1880 against the US dollar. The price is currently approaching the $0.1880…
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Bitcoin is trading nicely above the $9,300 and $9,220 support levels against the US Dollar. BTC is likely to continue higher towards $9,500 and $9,800 as long as it is above $9,220. Bitcoin is forming a strong support base above the $9,220 support zone. The price is currently trading above the $9,300 level and the…
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For the umpteenth day in a row, Bitcoin has stalled in the low-$9,000s. Bulls and bears have found themselves at an impasse, with neither side forming a trend as there is also indecision in the equity market. Bears may soon take the high ground as a trader has noted that Bitcoin is approaching a multi-million-dollar…
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Bitcoin could be coiling up to make a massive bear-favoring movement in the days and weeks ahead. This weakness could mark a resolution to the multi-week trading range that it has been caught within, potentially causing investors to see intense losses in the weeks ahead as some analysts set downside targets within the $7,000 region.…
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Bitcoin has found itself stuck in the $9,000s for weeks on end. Save for a few flashes of volatility, the cryptocurrency has traded within 10% of $9,000 for nearly two months now. Historical odds say that BTC has an extremely high chance of breaking out of this consolidation, but market data shows that institutions are…
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Bitcoin’s consolidation phase is showing few signs of letting up anytime soon. The benchmark crypto is still trading within the lower-$9,000 region, and the support just below its current price level appears to be significant. As for where the market could trend next, analysts are closely watching to see how it reacts to a few…
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Bitcoin’s consolidation over the past few weeks hasn’t been seen as bullish by everyone. Case in point: institutional traders on the CME are currently net short on BTC futures. Yet, a trader says that those shorting have “terrible odds” of making money. Related Reading: Ethereum Could Soon “Rally Hard” as DeFi Hits Escape Velocity: Fund Manager…
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