Bitcoin Holding Crucial Support: Here’s What Could Propel it to $7K
Wed, 01 Apr 2020 05:38:24 +0000
Bitcoin corrected lower from the $6,600 resistance area against the US Dollar. BTC price is currently holding the key $6,250 support and it could start a fresh increase in the near term. Bitcoin started a short term downside correction from the $6,636 high against the US Dollar. The price is currently holding the key $6,250...
Ripple (XRP) Showing Signs of Weakness But 100 SMA Can Trigger New Rally
Wed, 01 Apr 2020 04:18:37 +0000
Ripple is still struggling to surpass the $0.1780 resistance area against the US Dollar. XRP price is currently holding the 100 hourly SMA and it could rise again. Ripple price is still facing a strong hurdle near $0.1750 and $0.1780 against the US dollar. There key supports forming near the $0.1720 and the 100 hourly...
Ethereum Breaking This Single Level Will Spark a Strong Rally
Wed, 01 Apr 2020 03:18:44 +0000
Ethereum is still struggling to clear the main $135 resistance area against the US Dollar. ETH price must break the $135 hurdle to start a strong rally in the coming sessions. Ethereum is currently consolidating below the main $135 resistance against the US Dollar. The price is likely to find a decent support near the...
Bitcoin Just Plunged 4% After Monthly Close: What’s Next For The Market?
Wed, 01 Apr 2020 00:41:12 +0000
Since the monthly close that transpired at the turn of the month (UTC), Bitcoin has tanked, falling 4% from the $6,500 price where it spent most of the past few hours to a low just above $6,250. The move lower began just eight minutes after the monthly candle closed, potentially suggesting that market players were...
Simple Factors Show Bitcoin’s Hash Rate Will Continue Dropping; Here’s Why This is Bullish
Tue, 31 Mar 2020 23:30:27 +0000
Bitcoin’s recent volatility did some severe technical damage to its market structure, and also led to mass capitulation amongst BTC miners, with the crypto’s decline from $10,500 to lows of $3,800 making it no longer profitable for many smaller mining operations. Miner’s ongoing capitulation is illustrated while looking towards Bitcoin’s hash rate, which has seen...
In a Few Hours, a Crucial Bitcoin Candle Will Close: What To Watch For
Tue, 31 Mar 2020 21:40:17 +0000
In just over 120 minutes as of the time of this article’s publishing, Bitcoin’s one-month and three-month candles will close. A number of analysts have remarked that the upcoming close will be crucial for the crypto market’s directionality moving forward. Related Reading: This Key Metric Suggests the Crypto Market’s Downturn Will Be Shortlived Levels to...
Data Shows Ethereum is Gearing Up for an Explosive Downside Movement
Tue, 31 Mar 2020 20:00:52 +0000
Ethereum has been closely tracking Bitcoin’s price action throughout the past several days and weeks, which has led ETH to once again enter a bout of sideways trading within the mid-$130 region. Despite being able to post a strong rebound from its recent lows, it is important to note that analysts are widely anticipating ETH...
Ripple Poised to Triple By Q4 2020 After XRP Forms Classic Bottom
Tue, 31 Mar 2020 19:00:26 +0000
XRP, the cryptocurrency asset often referred to as Ripple, has been among the worst-performing crypto assets and altcoins of the last two years. However, according to one crypto analyst who has spotted what they believe is a classical bottom signature on XRP price charts, expects the asset’s woes to soon change and potentially triple in...
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