Bitcoin (BTC) Price Downside Thrust Underway, Bulls Struggling

Bitcoin price failed to stay above the $7,400 support and declined recently against the US Dollar. The price is trading below $7,280 and it could even decline below the $7,160 support. There is a major declining channel forming with resistance near $7,240 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains at a risk of a downside thrust below $7,160 and $7,040 in the near term. Bitcoin price is showing a few bearish signs below $7,280 against the US Dollar. BTC is likely to…

Ripple (XRP) Price Turned Sell On Rallies: BTC & ETH Down

Ripple price declined recently below the $0.2240 and $0.2220 support levels against the US dollar. The price is currently correcting higher, but facing resistance near $0.2240 and $0.2260. There is a key bearish trend line forming with resistance near $0.2240 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum is facing an increase in selling pressure below the $148 and $150 levels. Ripple price is back in a short term bearish zone against the US Dollar, similar to bitcoin. XRP price could correct higher, sellers remain…

As Bitcoin Price Fails to Break Crucial Resistance; Breakdown Sentiment Looms

The bitcoin price plunged on Tuesday after facing another strong rejection from a psychological resistance area. The leading cryptocurrency established a new intraday low near $7,274, down 5.11 percent from the local high of $7,552.92. The move downhill reasserted the $7,500-7,600 range as a crucial wall standing before bulls. The area has rejected bitcoin’s upside attempts on four occasions since Friday. With the selling pressure high, the price has no option but to either consolidate or retest lower levels for strong pullbacks. The dropdown came after Bakkt announced the release…

Bitcoin Halving Could Leave Price at $20K-$50K, Hedge Fund Manager Says

Lightning Capital is a small hedge fund, with roughly $500,000 of assets, but Hwang’s prediction adds to a growing number of estimates from investors and analysts trying to gauge the potential impact of the halving – where the number of bitcoin mining rewards created every 10 minutes is sliced in half. The cut happens every four years, in accordance with the cryptocurrency’s 11-year-old design. Source link

Ripple (XRP) Price Starts Fresh Decrease: BTC & ETH Trimming Gains

Ripple price is currently declining from the key $0.2320 resistance area against the US dollar. The price is now trading below $0.2260 and it is showing a few bearish signs. Yesterday’s major bullish trend line was breached with support near $0.2280 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum is also struggling and it is declining towards the $144 support area. Ripple price is under a minor bearish pressure against the US Dollar, similar to bitcoin. XRP price remains at a risk of a drop…

It’s All About $7,400 for Bitcoin Price as a Big Move Is Now Imminent

Bitcoin (BTC) closed the week slightly above $7,500 up 1.56% ($115), which marks the first positive week since the close of the first week of August. Today Bitcoin touched a high at $7,660 following and a low at $7,370 with most of the price action taking place in the second half of the day. The 24-hour losses listed in the chart below show that the wider market has followed suit with Ether (ETH) trading back around $150 and XRP at $0.225. Cryptocurrency market daily view. Source: Coin360 Weekly chart BTC…

EOS Price Hit after Getting a C- in Decentralization by Weiss

Blockchain project EOS started this week on a negative note after an independent agency downgraded its rating from B to C-. Weiss Crypto Ratings published a report on December 6 wherein it demoted EOS to lower ranks over its centralization. The agency noted that just 0.01 percent of the EOS token holders control over 68 percent of the voting power on its blockchain. That allows a handful of entities to practice censorship over hundreds of thousands of EOS investors. In comparison, provable decentralized projects like Bitcoin works across 9,300 nodes…

Bitcoin Price Fills $7.5K Futures ‘Gap’ as Trader Weighs $8K Potential

Bitcoin (BTC) fluctuated around $7,500 on Dec. 9 after a weekend of range-bound movement reduced volatility concerns for traders. Cryptocurrency market daily overview. Source: Coin360 Bitcoin delivers classic futures “bounce” Data from Coin360 and Cointelegraph Markets showed the largest cryptocurrency trading in a $250 corridor since Friday, marking local highs of $7,604 before briefly reversing to $7,395 on Sunday. Since then, the $7,500 boundary has acted as a centerpiece for Bitcoin, which comfortably filled the latest “gap” in futures markets once again as the week began. An increasingly common feature,…

Ripple (XRP) Price Poised For Further Gains, Bitcoin Rising

Ripple price is gaining momentum and it is rising above $0.2250 against the US dollar. The price is likely to continue higher above the $0.2320 and $0.2350 resistance levels. There is a key bullish trend line forming with support near $0.2265 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum is approaching the $152 resistance, above which it could rally. Ripple price is showing a lot of positive signs against the US Dollar, similar to bitcoin. XRP price remains well supported and it could rally above…