New Bitcoin Network Hash Rate High Suggests Price Is Next

The Bitcoin (BTC) hash rate has broken yet another new all-time high, according to Aug. 19 data from monitoring resource Blockchain.com. The top coin’s hash rate has continued to break previous records throughout summer, today hitting an whopping 82.5 TH/s. Bitcoin network hash rate, 1-year chart. Source: blockchain.com Network Fundamentals The hash rate of a cryptocurrency — sometimes referred to as hashing or computing power — is a parameter that gives the measure of the number of calculations that a given network can perform each second. A higher hash rates…

Bitcoin (BTC) Price Could Revisit $11.2K or $11.4K

Bitcoin price extended gains above the key $10,600 and $10,800 resistances against the US Dollar. The price is currently correcting lower after trading to a new weekly high at $10.960. Yesterday’s highlighted major bullish trend line is intact with support near $10,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could correct lower, but it seems like the bulls are eyeing a test of the $11,200 resistance area. Bitcoin price is gaining bullish momentum above $10,500 against the US Dollar. BTC is likely to…

Ripple Price (XRP) Eyes Fresh Increase While Bitcoin Rallies

Ripple price is facing a strong resistance near the $0.2900 and $0.2920 levels against the US dollar. Bitcoin price rallied recently and even broke the $10,600 and $10,800 resistance levels. Yesterday’s highlighted bullish trend line is active with support near $0.2750 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could decline a few points, but it remains supported above $0.2700. Ripple price is currently correcting gains from $0.2920 against the US Dollar, while bitcoin jumped above $10,800. XRP price is likely to climb sharply…

Ethereum Price (ETH) Trading Near Make-or-Break Levels

ETH price extended its recent upward move and tested the $202 resistance against the US Dollar. The price is struggling to gain bullish momentum above the $202 resistance area. There is a short term ascending channel forming with support near $198 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline a few points, but dips remain supported near $198, $195 and $192. Ethereum price is showing positive signs above $195 versus the US Dollar, while bitcoin is up 5%. ETH price is likely to accelerate…

Bitcoin’s Price is Up More Than $1K Since Bakkt Futures News

View Bitcoin has risen by $1,000 since Friday’s announcement by Bakkt exchange that it will be launching physically-settled bitcoin futures on Sept. 23. The price rise has neutralized the bearish setup on the intraday charts seen last week. The gains could be extended further to $11,000, as the hourly chart is reporting a bullish continuation pattern. The weekly chart continues to call a deeper pullback to $9,000 with key moving averages (MAs) producing a first bearish crossover since February. A weekly close above $12,000 is needed for a complete bullish…

Bitcoin Price Bullish Wedge Forms Pointing to $11K, Says Trader

Bitcoin (BTC) price was returning to bullish form on Aug. 19 as markets look to break out from last week’s sideways trading.  Market visualization. Source: Coin360 Bitcoin price builds on $10K support Data from Coin360 revealed Bitcoin challenging $11,000 in morning trading as Monday delivered almost 5% gains. Markets appeared to be reacting to news cryptocurrency exchange Binance was planning to release its own version of Facebook’s Libra digital currency, in what is also a direct response to China’s central bank. At press time, BTC/USD was circling $10,650, capping daily…

Bitcoin (BTC) Price Could Accelerate If It Breaks $10,600

Bitcoin price rebounded recently and climbed above the $10,200 resistance against the US Dollar. The price is currently trading nicely above $10,300, but facing hurdles near $10,500 and $10,600. There is a connecting bullish trend line forming with support near $10,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to climb higher if it breaks the $10,600 resistance area in the near term. Bitcoin price is correcting higher with a positive bias above $10,200 against the US Dollar. BTC could continue to…

Ripple Price (XRP) Rebounding Nicely As Bitcoin Holding Above $10.2K

Ripple price is currently trading with a positive bias above $0.2750 against the US dollar. Bitcoin price climbed above the $10,200 and $10,300 resistance levels to start a decent recovery. There is a key bullish trend line forming with support near $0.2700 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to accelerate higher above the $0.2900 and $0.2950 resistance levels. Ripple price is currently rebounding with a positive bias against the US Dollar, similar to bitcoin. XRP price must surpass the $0.2920…

Ethereum Price (ETH) Facing Key Resistance: Can Bulls Overcome $200?

ETH price recovered recently and managed to climb above the $190 resistance against the US Dollar. The price is now trading nicely above the $190 and $192 resistance levels. There is a connecting bullish trend line forming with support near $188 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue higher, but the $202 resistance is likely to cap the upside. Ethereum price is climbing higher towards key resistances versus the US Dollar, similar to bitcoin. ETH price is likely to face a…

Bitcoin (BTC) Price Weekly Forecast: Decline Far From Over

There was a strong drop in bitcoin price below the $10,500 support against the US Dollar. The price is currently correcting losses, but it remains below key hurdles near $10,500. There is a bearish continuation pattern forming with support near $10,080 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is likely to resume its decline below the $10,000 and $9,800 support levels. Bitcoin price is trading in a downtrend below $10,500 and $10,800 against the US Dollar. BTC price remains at a risk of…