Ripple (XRP) Price Surging: Bulls Sighting Break Past $0.4500

Ripple price started a solid upward move and broke the $0.4200 resistance against the US dollar. The price rallied above the $0.4400 level and recently started a downside correction. There is a key bullish trend line forming with support near $0.4250 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is placed nicely in an uptrend and it could continue to rise above $0.4400 and $0.4500. Ripple price is showing positive signs above $0.4200 against the US Dollar, similar to bitcoin. XRP is likely to…

Bitcoin (BTC) Price Hits First Target: Can Bulls Hit $8.8K or $9K?

Bitcoin price is n a positive zone and recently climbed above the $8,500 level against the US Dollar. The price is gaining momentum and it seems like it could even trade towards the $8,800 level. There is a major bullish trend line forming with support near $8,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip a few points, but it remains well bid above the $8,460 pivot level. Bitcoin price extended gains above the $8,500 resistance against the US Dollar. BTC is…

Bitcoin (BTC) On A Roll, Bulls Ecstatic After Italy’s New Tax Proposal

Bitcoin (BTC) expands, up 7.4 percent Capital flight from Italy could end up in Bitcoin By zeroing in and targeting personal saving accounts, Matteo Salvini, the Deputy Prime Minister of Italy, is inadvertently advertising Bitcoin. Resilient and thriving with an unpopular decision, BTC bulls are back. Ending the week strongly, prices are up 7.4 percent from last week’s close. Bitcoin Price Analysis Fundamentals Generally, Bitcoin is a machine, a juggernaut whose benefits is enough to promote the first successful digital asset. Withstanding the test of time, shaking off critics-and governments…

Ripple (XRP) Price Face Resistance: Can Bulls Overcome 100 SMA?

Ripple price started a short term recovery from the $0.3686 swing low against the US dollar. The price traded above the $0.4000 level, but it failed to surpass the $0.4050 resistance. There is a key contracting triangle forming with resistance near $0.3960 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could either break the $0.4050 resistance or decline again below the $0.3800 level. Ripple price is currently consolidating in a range against the US Dollar, similar to bitcoin. XRP must break the $0.4000 and…

Bitcoin Bulls Will Be Back In The Picture Once BTC Rally Above $9,100

BTC slides 2.1 percent Bitcoin is a safe haven, a Satoshi now worth more than several fiat currencies. Hardly surprising, a single Satoshi, the smallest unit of Bitcoin, is more valuable than several fiat currencies. Increasingly, Bitcoin is a safe refuge against inflation. As such, accompanying demand could spur demand, thrusting BTC above $9,100 towards $10,000 and beyond. Bitcoin Price Analysis Fundamentals What’s encouraging is that Bitcoin (BTC) bulls-after initial doldrums are back. It’s a relief for traders as well as optimistic investors reeling from last year’s upheavals. Nevertheless, that…

XRP Bulls Firm But Down 9.9%, Ripple Can Be A Micropayment Platform

XRP is down 9.9 percent Recent findings could embolden the “XRP Army’s” repeated calls for the adoption of their crypto.  CoinGate is confirming that XRP is suitable for micropayments. Their latest research reveals that more people are procuring services and settling using XRP. However, that did not spur demand, as XRP is struggling against unyielding sell-side pressure. Ripple Price Analysis Fundamentals Seven years later and Ripple is much more than a platform. From what information is publicly available, XRP is increasingly serving the crypto economy as a medium of exchange.…

Bitcoin (BTC) Price Turns Bearish: Bulls Could Face Resistance Near $7,800

Bitcoin price remained in a bearish zone and recently declined below $7,600 against the US Dollar. The price retested the $7,500 support area and it is currently consolidating losses. There is a key bearish trend line forming with resistance near $7,820 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher, but the bulls are likely to face resistance near $7,800 and $7,900. Bitcoin price declined recently below key support levels against the US Dollar. BTC is facing an uphill task and it…

Crypto Whale Buying Activity Is Good and Bad News for Bitcoin Bulls

By CCN: A bitcoin analyst and blogger confirms that the recent rise in the bitcoin price was not due to any kind of organic investor flow. My theory was that crypto whale traders swooped in late last year not merely because of the 85% decline in BTC but because of a key technical trading factor – and nothing more. Willy Woo confirms that the recent price rise was driven more by whales buying and trying to manufacture a short squeeze. Willy Woo points out bitcoin short squeeze | Source: Twitter…

Bitcoin (BTC) Price Weekly Forecast: Bulls Facing Uphill Task

The recent recovery in bitcoin price faced a strong resistance near the $8,140 level against the US Dollar. The price is currently facing a strong resistance and it is likely to struggle near $8,000. There is a major bearish trend line forming with resistance near $7,950 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could either break the $8,000 resistance and rally or decline below the $7,700 support area. Bitcoin price is showing signs of weakness below the $8,000 barrier against the US Dollar.…

Bitcoin Price Pierces $8,000 as Bulls Defy Bearish Warnings

 By CCN: The bitcoin price zoomed across the psychologically-crucial $8,000 mark as the flagship cryptocurrency continued to claw back the losses it incurred during the recent market downturn. Bitcoin Price Zooms to Four-Day High Bitcoin zooms past $8,000 shortly after 12:15 pm ET. | Source: BitcoinWisdom.io Bitcoin had languished below $8,000 for much of the past three days, following a brutal correction that smacked BTC/USD as low as $7,432 on Bitstamp, more than 18 percent off the year-to-date peak of $9,096 it set on May 30. However, shortly after 12…