Is This It for Crypto Bulls?

After the bullish price action that transpired on Monday, Bitcoin has been dealt a blow over the past few hours, tumbling from the daily high at $7,470 to a local low of $7,070 — slightly more than a 5% drop from the local high. This weakness comes as the stock market has stumbled for the first time in a week, with the S&P 500 index actually posting a slight 0.16% loss since the Tuesday open and after Monday’s 7% performance. But is this it for Bitcoin bulls? Related Reading: After…

Bitcoin Bulls Aim Crucial Test of 100-day SMA Near $8K

Bitcoin is up close to 5% and it broke the $7,000 resistance area against the US Dollar. It seems like BTC bulls are now aiming a test of $8,000 or the 100-day simple moving average. Bitcoin is gaining traction and it recently surpassed the $7,000 barrier against the US Dollar. The price is up more than 80% from the 2020 low of $3,932. There is a key bearish trend line forming with resistance near $7,880 on the daily chart of the BTC/USD pair (data feed from Kraken). The bulls are…

Ripple (XRP) Retreats From Key Resistance But Bulls Are Comfortable

Ripple is up close to 10% and it broke the $0.2000 resistance against the US Dollar. However, XRP price struggled to gain strength above $0.2025 and it is currently correcting gains. Ripple price is showing a lot of positive signs and it rallied above the $0.1880 resistance against the US dollar. There was a sharp rally above the $0.2000 barrier, but the bulls failed to remain in action above $0.2025. There is a key bullish trend line forming with support near $0.1940 on the hourly chart of the XRP/USD pair…

Ripple (XRP) Bulls Target Fresh Monthly High Above $0.20: Here’s Why

Ripple is following a nice uptrend and trading above the $0.1750 support against the US Dollar. XRP price is likely to rally significantly if it clears the $0.1870 resistance. Ripple price is slowly gaining bullish momentum above the $0.1800 level against the US dollar. The price is facing a strong barrier near the $0.1870 and $0.1880 levels. There is a major bullish trend line forming with support near $0.1770 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The bulls are likely to aim a test of…

Bitcoin Bulls Can Take BTC Price to $8K Amid Report $10 Oil Inevitable

Bitcoin (BTC) was pushing to flip $7,000 resistance to support on April 3 amid warnings that oil markets really will hit $10 a barrel this month. Cryptocurrency market daily overview. Source: Coin360 Media: $10 oil could last the whole Q2 Data from Coin360 and Cointelegraph Markets tracked multiple attempts by Bitcoin bulls to push the market definitively over the $7,000 mark on Thursday and Friday. At press time, all those attempts had failed to deliver support, with BTC/USD in each case falling back to the high $6,000 range. Bitcoin 1-day…

Ripple (XRP) Lacks Momentum But Here’s Why Bulls Are Comfortable

Ripple is up around 5% and it broke the $0.1700 resistance area against the US Dollar. XRP price is currently consolidating gains below the key $0.1750 resistance. Ripple price is showing a few positive signs above the $0.1650 support against the US dollar. The bulls are likely to gain strength if there is a break above the $0.1750 hurdle. There was a break above yesterday’s key bearish trend line with resistance near $0.1690 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a…

Bitcoin Recovering After a Sharp Decline: Here’s Why Bulls Could Fail

Bitcoin declined sharply below the $6,200 support against the US Dollar. BTC price found support near $5,850 and it is currently recovering towards a couple of key hurdles. Bitcoin is correcting higher from the $5,846 swing low against the US Dollar. The price is showing positive signs above the $6,000 level, but there are many hurdles on the upside. There was a break above a key declining channel with resistance near $6,080 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to face…

Ethereum Price Plunges to $125: Can Bulls Save the Day?

Ethereum is currently declining and it broke the $130 support area against the US Dollar. ETH price is consolidating losses and upsides are likely to face hurdles near $128 and $130. Ethereum is down around 2% and it tested the $125 support zone against the US Dollar. The price is currently consolidating above $125 and it remains at a risk of more losses. There is a major bearish trend line forming with resistance near $128 on the hourly chart of ETH/USD (data feed via Kraken). A clear break below the…

Do or Die For Bitcoin Bulls: Here’s What Could Trigger A Strong Rally

Bitcoin is slowly rising and trading above the $6,750 level against the US Dollar. BTC price must claim the $7,000 resistance to start a strong rally in the near term. Bitcoin is trading in a crucial range below the $7,000 resistance area against the US Dollar. Yesterday’s discussed double top pattern is still active with resistance near $7,000 and support at $6,400. There was a break above a short term contracting triangle with resistance near $6,680 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair…

Here’s Why Bitcoin Bulls Aim Larger Rally Above $7K In Near Term

Bitcoin is gaining momentum and it is trading above the $6,500 support against the US Dollar. BTC price is likely to continue higher towards $7,000 and $7,200 in the coming sessions. Bitcoin is showing a few positive signs above the $7,500 and $7,400 support levels against the US Dollar. The price could grind higher towards $7,000 or even $7,500 if it clears the $6,800 resistance. There is a major bullish trend line forming with support near $6,120 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…