Bitcoin (BTC) Price Eyeing Another Leg Higher To $8,500

Bitcoin price is showing positive signs and is holding the $8,100 support area against the US Dollar. The price is likely to surpass the $8,280 and $8,300 resistance levels to continue higher. There is a short term declining channel or bullish flag pattern forming with resistance near $8,255 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to gain strength if it settles above the $8,300 resistance zone. Bitcoin price is attempting another upward move above $8,300 against the US Dollar. It seems…

Ripple (XRP) Price Following Uptrend, LINK & MATIC Outperforms

Ripple price is gaining momentum above the $0.2920 and $0.2950 resistances against the US dollar. The price is up around 3% and it revisited the $0.3040 resistance area. Yesterday’s highlighted key bearish trend line was breached with resistance near $0.2940 on the hourly chart of the XRP/USD pair (data source from Kraken). Two altcoins – LINK and MATIC are outperforming and gained more than 8% in the past few hours. Ripple price is following a nice uptrend against the US Dollar and bitcoin. XRP price is likely to continue higher…

Bitcoin (BTC) Price Recovers Above $8.2K But Approach Remains Cautious

Bitcoin price is currently correcting higher and it broke the key $8,200 resistance against the US Dollar. The price is now consolidating gains below the $8,300 and $8,350 resistance levels. There is a short term breakout or bullish continuation pattern forming with resistance near $8,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could struggle to continue higher and it might correct towards the $8,100 support. Bitcoin price is rebounding nicely above $8,100 and $8,200 against the US Dollar. However, it is still early…

Ripple (XRP) Price Eyeing Upside Break While Bitcoin Is Recovering

Ripple price is slowly moving higher towards the $0.2950 resistance area against the US dollar. The price is facing an uphill task near the $0.2950 and $0.2980 resistance levels. There is a major bearish trend line forming with resistance near $0.2950 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could either rally above $0.2950 or it might decline to retest the $0.2850 support area. Ripple price is making attempt to clear a few key hurdles against the US Dollar, while bitcoin is recovering. XRP…

Bear Cross on Key Indicator Could Push Bitcoin Price to $7,300

At the moment, not too much is happening with Bitcoin’s (BTC) price action. The price continues to drop and a series of lower highs occur even as bullish news hits the press week after week. The news of Bakkt Bitcoin futures trading volume increasing by 796% failed to positively impact Bitcoin price and Fidelity Investments’ announcement that it has launched crypto custodial services also did little for the market.  Daily crypto market data. Source: Coin360 The general sentiment amongst Bitcoin traders seems relatively unenthusiastic and many traders view Bitcoin’s current…

Bitcoin (BTC) Price Weekly Forecast: Vulnerable Below $8K-$8.2K

There was a steady decline in bitcoin price below the $8,200 support against the US Dollar. The price is currently trading below $8,000 and it remains at a risk of more losses. There is a major bearish trend line forming with resistance near $8,100 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price must climb above $8,100 and $8,200 for bullish continuation in the near term. Bitcoin price is showing bearish signs below $8,000 against the US Dollar. BTC could extend its decline below the…

Crypto Markets Turn Red Once Again, Bitcoin Price Hovers Under $8K

Friday, Oct. 18 — Bitcoin (BTC) is suffering from further downward selling pressure and continues to trade below the $8,000 price mark. Cryptocurrency market daily overview. Source: Coin360 Bitcoin traded below the $8,000 price mark for most of the day. The world’s largest cryptocurrency traded at an intraday high of around $8,135, with a sudden dip toward $7,900, before settling down at its current trading price of $7,952. BTC shows a subtle loss of around 1.6% in the past 24 hours. Bitcoin seven-day price chart. Source: Coin360 Cointelegraph contributor Rakesh…