Bitcoin Price (BTC) Breakdown Looks Real, More Downsides Incoming?

Bitcoin price is under pressure and it recently broke the $9,800 support area against the US Dollar. The price is currently consolidating losses below $9,800 and it remains at a risk of more downsides. There was a break below yesterday’s highlighted contracting triangle with resistance near $9,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could correct higher, but upsides are likely to remain capped near $9,850 and $9,950. Bitcoin price is showing bearish signs below $10,000 against the US Dollar. BTC is likely…

Ripple Price (XRP) Testing Crucial Support With Bearish Bias

Ripple price extended its decline and tested the key $0.2650 support area against the US dollar. The price could accelerate its decline if it fails to hold the key $0.2650 support. There is a major declining channel forming with resistance near $0.2810 on the hourly chart of the XRP/USD pair (data source from Kraken). The price may perhaps correct higher, but upsides are likely to face hurdles near $0.2800 and $0.2850. Ripple price is showing bearish signs against the US Dollar, similar to bitcoin and Ethereum. XRP price must stay…

Ethereum (ETH) Price Smashes Support, More Downsides Possible

ETH price is under a lot of pressure and it recently broke the $202 support against the US Dollar. The price is likely to continue lower towards the $195 and $192 support levels in the near term. There are two major bearish trend lines forming with resistance near $208 and $210 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct higher, but upsides are likely to be capped near the $210 level. Ethereum price is extending its decline versus the US Dollar and bitcoin. ETH…

Inverted Bitcoin Price Chart Is Bear Market Bottom Flipped Upside Down

During periods of times when assets consolidate and price action becomes exceptionally confusing, some crypto analysts will occasionally flip their Bitcoin price charts upside down in an to attempt to remove any preconceived bias from their technical analysis. One prominent crypto analyst has done just that, and Bitcoin’s current price action in inverse appears visually and structurally similar to the December 2018 bear market bottom, which could suggest that the current price action is a rally top and a powerful drop may be coming in the days ahead. Inverse Bitcoin…

Bakkt Trades 18 BTC in First 7 Hours as Bitcoin Price Falls Below $10K

18 Bitcoin (BTC) in volume has been traded since the launch of Bitcoin futures on the Intercontinental Exchange (ICE)’s Bakkt platform yesterday, Sept. 22. The much-anticipated contracts — the first of their kind to be physically settled in Bitcoin — went live at 8 PM EST on Sept. 22 (00:00 UTC Sept. 23). The first hours Bakkt ™ Bitcoin (USD) Monthly Futures Contract. Source: ICE As of the most recently available data at the time of writing, 18 BTC has been traded, with a last recorded trading price of $10,…

Bitcoin Price (BTC) Watch: Here Is Why Bulls Must Be Careful

Bitcoin price is currently trading below the $10,080 resistance area against the US Dollar. The price is facing many hurdles on the upside near $10,080 and $10,100. There is a short term breakout pattern forming with resistance near $10,060 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could either climb towards $10,400 or it might extend its decline below $9,850. Bitcoin price is under pressure below $10,200 against the US Dollar. BTC remains at a risk of more losses until it settles above $10,100…

Ripple Price (XRP) Approaching Key Support: BTC & ETH Declining

Ripple price is currently declining and is trading below the $0.2850 support against the US dollar. The price is likely to face resistance near $0.2850 and $0.2920 in the near term. There is a major bearish trend line forming with resistance near $0.2820 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is under pressure, but it approaching a crucial support area near the $0.2650 level. Ripple price is currently declining against the US Dollar, along with bitcoin and Ethereum. XRP price is likely to…

Ethereum (ETH) Price Could Retest $200 Before Fresh Increase

ETH price is currently correcting lower and it recently broke the $212 support against the US Dollar. The price is facing a lot of hurdles on the upside near the $212 and $215 levels. There is a key bearish trend line forming with resistance near $214 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its decline towards the $200-$202 support area before starting a fresh increase. Ethereum price is currently declining below $212 versus the US Dollar, similar to bitcoin. ETH price is likely…

Bitcoin (BTC) Price Weekly Forecast: Risk Of Additional Losses

There was a fresh decrease initiated in bitcoin from the $10,400 resistance against the US Dollar. The price is currently trading below the $10,100 support area, with a bearish angle. There was a break below a crucial contacting triangle with support near $10,010 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price is likely to extend its decline and it may soon revisit the $9,650 and $9,500 supports. Bitcoin price is trading with a bearish bias below $10,400 against the US Dollar. BTC could continue…