Bitcoin (BTC) Price Accelerating Losses Below $8K, $7.5K Very Likely

Bitcoin price corrected higher, but it faced hurdles near $8,120 and $8,140 against the US Dollar. The price is declining again and it could gain momentum below the $8,000 support. There is a major bearish trend line forming with resistance near $8,240 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to remain in a bearish zone unless the bulls push it above $8,120 and $8,240. Bitcoin price is struggling to rebound above $8,100 against the US Dollar. Therefore, BTC is likely to…

Ripple (XRP) Price Is Following Uptrend: BTC & ETH Continue To Struggle

Ripple price started a fresh increase and it surged above $0.3000 against the US dollar. The price is currently correcting higher after trading to a new monthly high near $0.3040. Earlier, there was a break above a declining channel with resistance near $0.2860 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is slowly correcting lower and it could find bids near the $0.2940 and $0.2920 levels. Ripple price is moving nicely in a positive zone against the US Dollar and bitcoin. XRP price remains…

Bitcoin (BTC) Price Bearish Breakdown Looks Real, $7,500 Next?

Bitcoin price is back in a downtrend with a close below the $8,000 support against the US Dollar. The price is trading below the $8,000 support and remains at a risk of more losses below $7,800. Yesterday’s highlighted major declining channel was breached with support near $8,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could correct in the short term, but the $8,020 and $8,100 resistances are likely to prevent gains. Bitcoin price is declining and trading below key supports against the US…

Bitcoin (BTC) Price Showing Signs of Additional Weakness

Bitcoin price failed to rebound above $8,300 and extended its decline against the US Dollar. The price is trading below the $8,200 level and recently it declined towards the $8,050 level. There is a key declining channel forming with resistance near $8,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price remains at a risk of more losses as long as it is trading below $8,400 and $8,500. Bitcoin price is showing signs of additional weakness below $8,200 against the US Dollar. BTC could accelerate…

Bitcoin (BTC) Price Hesitates But Fresh Rebound Seems Likely

Bitcoin price is currently trading in a range below the $8,400 resistance area against the US Dollar. The price remains well supported on the downside near $8,200 and $8,150. There is a new breakout pattern forming with resistance near $8,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to rebound above $8,400 and $8,460 as long as there is no daily close below $8,200. Bitcoin price is trading in a range above the $8,200 support against the US Dollar. BTC needs to…

Ripple (XRP) Price Gaining Momentum While BTC Is Consolidating

Ripple price is climbing higher and it recently surpassed the $0.2950 resistance against the US dollar. The price is moving towards $0.3000 and it could rally sharply above $0.3020. There is a rising channel forming with support near $0.2940 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could dip a few points, but it remains well supported near $0.2940 and $0.2860. Ripple price is rising steadily against the US Dollar, bitcoin and Ethereum. XRP price is likely to surpass $0.3000 and gain strength above…

Bitcoin (BTC) Price Trend Remains Negative Below $8,400

Bitcoin price is struggling to correct above the $8,350 and $8,400 resistances against the US Dollar. The price is currently correcting higher after trading as low as $8,146. Recently, there was a break below a key ascending channel with support near $8,340 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could correct higher, but it is likely to face a strong resistance near $8,350 and $8,400. Bitcoin price is trading in a negative zone below $8,400 against the US Dollar. BTC must climb above…

Ripple (XRP) Price Up 4% While BTC and ETH Are Consolidating

Ripple price is showing positive signs and it recently gained pace above $0.2800 against the US dollar. The price is up around 4% and it is currently testing the key $0.2850 resistance area. There is a major bullish trend line forming with support near $0.2770 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could correct lower in the short term, but dips remain supported near $0.2770 and $0.2750. Ripple price is gaining bullish momentum against the US Dollar, bitcoin and Ethereum. XRP price must…

Bitcoin (BTC) Price Weekly Forecast: $8,300 Holds Key For Fresh Increase

After a sharp increase, bitcoin price corrected lower sharply below $8,500 against the US Dollar. The price is currently consolidating above the key $8,300 support area. There was a break below a key bullish trend line with support near $8,420 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price must stay above the $8,300 and $8,250 support levels to start a fresh increase in the near term. Bitcoin price is struggling to hold gains above $8,300 against the US Dollar. BTC needs to surpass the…