Bitcoin (BTC) Price Trend Overwhelmingly Bullish & Dips Remain Attractive

Bitcoin price started a downside correction after trading as high as $5,641 against the US Dollar. The price tested the $5,500 support area and recently bounced back above $5,580. There is a key bullish continuation pattern in place with resistance near $5,595 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains well supported on the downside and it could climb to a new 2019 high above $5,641. Bitcoin price remains in a strong uptrend above $5,400 against the US Dollar. BTC is moving higher…

Crypto Market Flirts Key Resistance: Bitcoin Cash, EOS, BNB, Tron Analysis

The total crypto market cap once again failed near the $178.5B and $180.0B resistances. Bitcoin price remained in a positive zone above the $5,400 support area. EOS price declined again below the $5.30 and $5.25 support levels. Binance Coin (BNB) is down more than 5% and it recently broke the $23.00 support. Bitcoin cash price is back below the $295 support level, with a bearish angle. Tron (TRX) price is trading in a downtrend below the $0.0250 support area. The crypto market cap is facing a strong resistance despite bullish…

Ripple (XRP) Price At Significant Risk of More Losses

Ripple price struggled to clear the $0.3320 resistance and declined steadily against the US dollar. The price declined below the $0.3200 support area and revisited the $0.3175 support area. There are two bearish trend lines in place with resistance at $0.3260 and $0.3280 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains at a huge risk of more losses if there is a break below the $0.3175 and $0.3160 supports. Ripple price failed to gain strength against the US Dollar despite positive moves in…

Ethereum (ETH) Price Fails Again Near $176, Should U Buy?

ETH price struggled once again to gain strength above the $176 resistance against the US Dollar. The price declined sharply and broke the $172 and $170 support levels. There was a break below a major bullish trend line with support at $173 on the hourly chart of ETH/USD (data feed via Kraken). The pair could bounce back above $172 as long as it is trading above the $166 support area. Ethereum price failed to break important resistances versus the US Dollar and bitcoin. ETH declined sharply, but the bulls might…

Bitcoin’s Explosive Rally Targets $6,500 Next

By CCN: The bitcoin price could surge to $6,500 soon because it breached a key resistance level of $5,500 this week. That’s the assessment of Naeem Aslam, the Chief Market Analyst at ThinkMarkets, a forex and derivatives broker. Indeed, bitcoin has roared to a six-month this week after flailing for much of 2018. Aslam: Nasdaq Is Warming Up to Bitcoin Futures Analyst Naeem Aslam told CCN that there are several factors driving the rally, including optimism that Nasdaq is growing more confident about bitcoin futures. Moreover, he says there’s a…

Before $50,000, Bitcoin (BTC) Must Be Robust, Add 10.1 Percent

Bitcoin prices buy momentum strong, add 10.1 percent Prices ought to expand 10X in the next bull wave for BTC’s market cap to surge past $1 trillion At spot rates, Bitcoin’s overall valuation is far from $1 trillion Chris Burniske projects. While we don’t have the time frames, prices must increase 10X to hit those levels. Even so, this will happen in lock-steps with next targets at $6,000. Bitcoin Price Analysis Fundamentals If historical prices are anything to go by, then Bitcoin (BTC) market cap is on its way to…

Tron (TRX) Struggling to Scale? Down 5.7 Percent

Tron (TRX) prices stable at 2.5 cents Critics claim Tron cannot scale and SUN side chains is a cover for that deficiency By default, Tron claims to be scalable with high throughput. However, critics are back arguing that the SUN Network is a cover for the network’s inability to scale and handle BitTorrent’s requirements. In the meantime, Tron (TRX) prices are ranging and down 5.7 percent from last week’s close. Tron Price Analysis Fundamentals There is Blockchain trilemma, and here developers are struggling between striking a balance between decentralization, security,…

Bitcoin Price Could Fall Back Despite Impressive Session Gains: Analyst

The bitcoin price has surged up to 4.85 percent this Tuesday, but there is still a strong case of an imminent pullback. According to Crypto Michaël, an Amsterdam-based cryptocurrency analyst, bitcoin lacked adequate follow-up volume that could sustain the ongoing upside price action. The bearish interpretation followed the textbook volume-price relationship, in which a price move up on a declining trading activity signals a selling sentiment. Michaël said if the bitcoin price hangs near its newly established higher high for far too long, it could result in a pullback scenario,…

Is Ripple (XRP) Fading Due To Competitors As Hyperledger Fabric and IBM?

Ripple (XRP) range bound, 34 cents immediate resistance IBM Hyperledger Fabric and World Wire offer stiff competition All in all, Ripple Inc haven been prosperous in their promotions. Banks in the Middle East, SE Asia, and India are using their solutions. Despite that, Ripple (XRP) prices are stagnant and stuck within a 4 cents range. Ripple Price Analysis Fundamentals It may be seven years down the line and with more than 200 banks leveraging Ripple Inc’s solutions, the blockchain start-up is successful. With Banco Santander, SBI Group, Federal Bank, Western…

Here’s How Shorts Could Push Bitcoin Price Above $6,000

The bitcoin price formed a new 2019 high towards $5,590 this Tuesday and its likelihood of testing $6,000 to the upside has increased. Mr. Anderson, a cryptocurrency analyst, revealed the proximity between the bitcoin price and the BTC shorts behavior in his latest statement. The analyst noted that whenever traders push BTC shorts positions in the overbought area, the probability of a bitcoin price jump increases. The Bitcoin Shorts-Bitcoin Price Relationship Mr. Anderson presented a chart to prove the relationship between the two metrics, as shown below: BTC Shorts vs.…