Bitcoin failed to surpass the $7,200 resistance and declined below $7,000 against the US Dollar. BTC price is showing a few bearish signs, but the bulls are likely to protect $6,555. Bitcoin is declining and trading below the $7,000 support zone against the US Dollar. It is testing a major support near the $6,750-$6,800 region.…
DetailsEthereum is down around 7% and it broke the $175 support area against the US Dollar. ETH price could correct further, but there are many key supports, starting with $165 and $160. Ethereum is currently correcting lower from the $185 swing high. The price traded below the key $175 support to start a short term…
DetailsMATIC is trending sideways after bottoming out in mid-March. The underperforming token is, nevertheless, flirting with key resistance area to pursue a breakout. Favorable fundamentals hint a near-term bullish scenario for the cryptocurrency. Matic, a cryptocurrency that underwent a huge pump-and-dump last year, has been unable to revive its bullish momentum in 2020. The low-cap…
DetailsBitcoin price just broke below $7,000 Monday morning after a late Friday evening rally pushed the asset over the key level for the weekend. However, coronavirus concerns have returned to traditional markets, causing major turbulence to kick off the day, which may have also caused Bitcoin to tumble. Could a repeat of last month’s mayhem…
DetailsBitcoin briefly dipped below $7,000 as the US oil prices collapsed to their two-decade low. The cryptocurrency’s price declined alongside US equities and Gold markets, again exhibiting a risk-on behavior. The US dollar, on the other hand, jumped on safe-haven demand. Bitcoin briefly fell below its $7,000-support in what appears to be a panic-sell caused…
Details2019 and the first few months of 2020 have been rough for XRP, with the embattled cryptocurrency losing over 40% of its value last year while currently trading down just a hair from where it started the new year at. This weakness simply marks an extension of that which was first incurred when the crypto…
DetailsDespite Bitcoin continuing to consolidate above $7,000 as other crypto assets have shown signs of strength, analysts have still been stewing over the prospects that cryptocurrency didn’t bottom last month during “Black Thursday.” Primarily, those that fall into this bucket of belief cite the stock market, remarking that there are signs that the S&P 500…
DetailsBitcoin gained traction and settled above the $7,000 resistance against the US Dollar. BTC price is consolidating gains above the 100 hourly SMA and likely to grind higher towards $7,500. Bitcoin is rising steadily and it is positioned nicely above $7,000 against the US Dollar. There is a strong support base forming near the $7,050…
DetailsEthereum is trading nicely above the $175 support area against the US Dollar. ETH price is showing a lot of positive signs and it could continue to rise towards $188 and $195. Ethereum corrected lower and tested the main $175 support area. The price is currently rising and trading above the $180 pivot level. There…
DetailsRipple is forming a strong support base above $0.1850 against the US Dollar. XRP price is likely to continue higher and it might surge above the $0.1980-$0.2000 resistance zone. Ripple price likely to remain well bid above the $0.1850 support area against the US dollar. Two key hurdles are forming on the upside near $0.1980…
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