Bulls Push Bitcoin Price to a 2-Week High, is $9,700 Next?

On Wednesday morning Bitcoin perked up and punched above the $8,300 resistance during the U.S. trading session. Daily crypto market data. Source: Coin360 The 5% rally was well-timed as Bitcoin price was weakening after successfully managing to break above $8,200 on Monday. At the time (Oct. 7) the digital asset had spent the last few sessions pressing against the upper trendline of the descending triangle on Monday.  BTC USD 4-hour chart. Source: TradingView A closer look at the 4-hour chart shows a head and shoulder formation was in play since…

Ripple Price (XRP) Upsurge Facing Key Resistance, Can Bulls Make It?

Ripple price remained in a positive zone and rallied another 5% above $0.2750 against the US dollar. The price is trading in an uptrend, but it is now facing a strong resistance near $0.2850. There is a rising channel forming with support near $0.2780 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could correct in the short term, but it might find support near $0.2780 or $0.2750. Ripple price is up more than 5% against the US Dollar, and it recovered vs bitcoin. XRP…

Key Trading Indicator Suggests Bitcoin Bulls Are Steadily Accumulating

Bitcoin (BTC) closed the week with a selloff, pushing price below the $8k handle and printing a close down 2.5% for the week as a whole. Despite an ominous close to the bottom of the trading range, Bitcoin has rebounded higher this morning alongside other cryptocurrencies, with notable gainers XRP and Link breaking 10% gains for the day.  With that in mind and with Bitcoin sat at a crossroads, we will take a closer look at the key timeframes to try and determine if Bitcoin is nearing a bottom.   Daily…

Bitcoin Price Pinned Below $8,200 as Bulls and Bears Fight for Control

  Weekly crypto market data. Source: Coin360 As the weekly close approaches Bitcoin remains pinned in the $8,300 to $7,800 range. For the past few days, the digital asset has made lower daily highs and it no longer rides along the 20-MA of the Bollinger Band indicator on the 4-hour chart.  Basically, Bitcoin is losing steam and now struggles to pierce $8,200 as trading volume dries up and the Bollinger Bands tighten. All of this suggests a move is imminent.  BTC/USD 2-hour chart. Source: TradingView Multiple indicators suggest a move…

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…

Ethereum (ETH) Price Climbs Again, Bulls Likely Sighting $240

ETH price completed its downside correction near the $202 support area against the US Dollar. The price bounced back and climbed to a new monthly high above the $220 level. There is a new major bullish trend line forming with support near $210 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently correcting gains, but it remains supported near the $215 and $210 levels. Ethereum price is back in a positive zone versus the US Dollar and bitcoin. ETH price is showing positive signs and…

Ripple Price (XRP) Facing Uphill Task, Can Bulls Make It?

Ripple price is still struggling to surpass the main $0.2650 resistance area against the US dollar. The price is showing a few positive signs, but it must break the $0.2650 resistance level. There is a major breakout pattern forming with support near $0.2585 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could either rally above $0.2650 or it might resume its decline below the $0.2580 level. Ripple price is trading well below the $0.2650 resistance against the US Dollar, and ranging vs bitcoin. XRP…

Bitcoin Price (BTC) Rebounding But Can Bulls Overcome $10,500?

Bitcoin price remained well supported above the main $10,000 level against the US Dollar. The price is trading nicely above the $10,250 resistance, but it might struggle near $10,500. Yesterday’s highlighted key declining channel was breached with resistance near $10,140 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently consolidating gains below the $10,450 and $10,500 resistance levels. Bitcoin price is gaining bullish momentum above $10,300 against the US Dollar. BTC must break $10,450 and $10,500 to continue higher in the coming sessions.…

History Favors the Bulls as Bitcoin Trades Sideways at $10K

View Bitcoin’s long-term bullish bias remains intact, with prices holding well above the historically strong support of the three-day chart’s 55-candle exponential moving average (EMA), currently at $8,972. The line served as a strong base in the 2016–2017 bull market. A bullish falling-wedge breakout on the 4-hour chart looks likely and could pave the way for a retest of recent highs above $10,900. The prospects of a breakout would weaken if prices find acceptance below Wednesday’s low of $9,855 on the back of a rise in selling volumes. That would…

Bitcoin Price (BTC) Signaling Bullish Reversal: Can Bulls Break $10.5K?

Bitcoin price surged higher and broke the main $10,000 and $10,200 resistances against the US Dollar. The price is currently consolidating below the next key resistance at $10,500-$10,525. This week’s followed key bearish trend line was breached with resistance near $9,880 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently trading in a range and dips are likely to find bids near $10,250 and $10,100. Bitcoin price is up more than 7% above $10,400 against the US Dollar. BTC is now facing hurdles…