Over the past few weeks, Bitcoin has performed surprisingly well, rallying as high as $7,100 (on Bitstamp) just days ago, surging higher from the $3,800 bottom seen during the March 12th to 13th capitulation. Even though the bull trend has been exhausted, BTC continues to trade at $6,600, consolidating in the mid-$6,000s as it determines…
DetailsEthereum is struggling to gain bullish momentum above the $142 and $144 resistances against the US Dollar. ETH price could start a major decline if it breaks the $135 support. Ethereum is facing an uphill task as the bulls struggle near $135 against the US Dollar. The price is currently holding the $135 support and…
DetailsRipple is struggling to gain momentum above the $0.1640 and $0.1650 resistances against the US Dollar. XRP price must stay above the $0.1580 support to continue higher in the near term. Ripple price is facing a lot of hurdles near the $0.1640 and $0.1650 levels against the US dollar. The bulls could gain strong momentum…
DetailsBitcoin is facing a strong resistance near the $7,000 level against the US Dollar. BTC price is likely forming a double top pattern near the $7,000 level and it could dive below $6,400. Bitcoin is forming a bearish breakdown structure below $7,000 against the US Dollar. A double top pattern is forming with resistance near…
DetailsBitcoin prices rallied Wednesday to reach an intraday top at about $6,983 but the move did not improve its bearish outlook for the rest of the month. The bitcoin-to-dollar daily chart saw the formation of two extremely bearish patterns: Death Cross and Double Top. The former appeared after bitcoin’s short-term moving average slipped below its…
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Bitcoin price just formed a death cross of the 50-day and 200-day moving average, a sign that typically signals to investors that the asset in question is in an unhealthy state and could see further downside. However, Bitcoin is anything but typical, and the last time this event occurred, the leading cryptocurrency by market cap…
DetailsEthereum kicked off 2020 with an explosive rally following the rapid growth and expansion of the decentralized finance sector, which nearly doubled the value of the asset in just a couple of month’s time. But a failure to set a higher high and a fall to new lows puts Ethereum back into a downtrend that…
DetailsApril 1st, 2019 kicked off a massive rally in Bitcoin that over the course of the three months that followed, the cryptocurrency rose from $3,000 to $13,000. Will Bitcoin price rally once again this April Fools’ Day, or will the market not fall for the same tricks as the last time around? Fool Me Once:…
DetailsThe current monthly candle on Bitcoin price charts is unlike any other that can be found since the bear market first began, with a massive bottom wick nearly double the length of the candle body itself. Should Bitcoin price close the monthly candle at around or above $8,000, it would form a powerfully bullish reversal…
DetailsBitcoin and equities investors alike are closely watching to see whether or not the United States Senate is able to pass a massive $2 trillion economic stimulus package that is expected to be voted on today. The result of this vote will be quite telling as to just how far the government is willing to…
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