Despite 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…
DetailsSomehow, someway, Bitcoin has managed to rally over the past five weeks, amid the most uncertain economic conditions we’ve seen in years, even more so than since 2008’s Great Recession. The rally has been so strong that since the March 12th “Black Thursday” crash, the cryptocurrency has managed to print five — yes, five —…
DetailsEthereum is up more than 20% from the $150 support area against the US Dollar, and gained traction vs bitcoin. ETH price is correcting lower, but it remains well supported. ETH price is showing a lot of positive signs above the $175 and $180 levels against the US Dollar. A new monthly high is formed…
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Last month, as the world began to grapple with the economic reality of the coronavirus outbreak, Bitcoin fell off a cliff — tumbling from $7,700 to $3,700 within the span of two days, a drop of over 50%. Since then, a question that has plagued investors is if Bitcoin bottomed during that crash. While there…
DetailsFrom the peak in February, XRP has fallen off by just under 50%, crushed under the pressure of a bear market across many asset classes. But, according to a number of leading cryptocurrency analysts, the third-largest cryptocurrency by market capitalization is on the verge of mounting an impressive comeback. XRP Is Readying to Rally Analyst…
DetailsAfter experiencing a notable rally yesterday, Ethereum lost its momentum and retraced a significant amount of these gains, with the crypto plunging back to its recently established support at $180 as it flashes some signs of weakness. It is important to note that bulls have established the price region just below where Ethereum is currently…
DetailsBitcoin has done extremely well over the past month. Just over 30 days ago, the leading cryptocurrency was trading at $3,700 — 50% lower than it had been trading at the start of the previous day and 65% below the 2020 highs of $10,500. Now, BTC is at $7,200, nearly 100% higher than the bottom.…
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