Analyst: Short-Term Correction Expected if Bitcoin Drops Below $3,600

Following a week of slow but steady gains Bitcoin fell off the digital cliff again yesterday with a flash crash that wiped out all progress made so far this year. Analysts are now looking at a short term correction if BTC can hold on to where it has currently fallen. Further Downside Expected on Consolidation…

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Ripple Price Analysis: XRP Liquidating Below 40 Cents, Venture Capitalist Optimistic

Latest Ripple News The crypto market may be reeling from the pounding of last year, but Fred Wilson, a Managing Partner at Union Square Ventures, is optimistic. In his view, he expects the expansion of the global market to buoy cryptos helping actualize dashed promises of 2018. Citing potential market-moving macros as a slowdown in…

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Bitcoin Price Watch: BTC Could Extend Losses Below $3,600

Key Points Bitcoin price failed to correct higher above the $3,840 and $3,900 levels against the US Dollar. There is a major bearish trend line in place with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently at a risk of a downside break below…

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Cryptocurrency Trading Update: Bears Crush Crypto Markets Below $110 Billion

FOMO Moments The bears are still exerting their control over crypto markets as the downward slide continues. Total market capitalization has dropped back below $110 billion and is heading back towards a new yearly low. Bitcoin has failed to register any gains on the day and has sunk another 1.5% on the day to $3,450…

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Ethereum Price Analysis: ETH/USD Nosedives Below $90, What’s Next?

Key Highlights ETH price traded lower sharply below the $100 and $90 support levels against the US Dollar. There are two key bearish trend lines formed with resistance at $96 and $102 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to decline and it may even break the $80…

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Bitcoin Falls to Lowest Weekly Level, ETH Drops Below $100

Following a period of general weakness in the cryptocurrency markets over the past several days, Bitcoin has fallen down to its previously established 2018 lows, leading many altcoins to plummet. Despite the current bloodbath in the crypto markets, one analyst believes that cryptocurrencies will become an investment safe haven as the equity markets face growing…

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Bitcoin Price Weekly Analysis: BTC/USD Remains In Downtrend Below $4,500

Key Points Bitcoin price recovered recently and traded above the $4,000 and $4,200 levels against the US Dollar. There is a key bearish trend line formed with resistance at $4,320 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is likely to struggle to break the $4,320, $4,400, $4,500 and…

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Bitcoin Price Analysis: BTC/USD Up $400 After Temporarily Sinking Below $3,700

Thanks to Josh Mandel idea, 23 different businesses in the state of Ohio will begin paying their taxes in Bitcoin. This new “convenience and adaptation” goes to show how BTC is taking root and is nowhere from being quashed despite draw downs that has seen miners in several parts of China auction their gear. Latest…

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Ethereum Price Analysis: ETH/USD Nosedives Below $150 Support

Key Highlights ETH price failed to recover and declined below the $150 level declined against the US Dollar. There is a short term bearish trend line in place with resistance at $150 on the hourly chart of ETH/USD (data feed via Kraken). The pair traded to multi month low and it could continue to move…

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Ripple Overtakes Ethereum as Bitcoin’s Market Cap Falls Below $100 Billion

Ripple has suddenly taken second position with a market cap of $19 billion while ethereum has fallen to $18.4 billion on increased global crypto trading volumes of nearly $20 billion. No one is celebrating, however, because this isn’t due to any gains by ripple but due to a brutal sell off across the crypto market…

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How Low Can It Go? Bitcoin Settles Below $5,600 as Altcoins Continue to Drop

Following yesterday’s widespread and significant drop across the entire cryptocurrency markets, Bitcoin has settled below $5,600, the lowest price it has seen this year, and many altcoins have continued dropping. At the time of writing, Bitcoin is trading down over 8% at its current price of $5,560, recovering slightly from its low point of $5,350,…

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Ripple Price Analysis: XRP/USD Nosedives, Turns Bearish Below $0.4600

Key Highlights Ripple price declined heavily and broke the $0.4860 and $0.4400 support levels against the US dollar. There is a crucial bearish trend line formed with resistance at $0.4720 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is struggling to recover above the $0.4600 and $0.4700 resistance levels….

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Bitcoin Cash Price Analysis: BCH/USD At Risk Of Break Below $500

Key Points Bitcoin cash price is struggling to recover above $530 and $540 against the US Dollar. Yesterday’s highlighted key bearish trend line is intact with resistance at $515 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently at a risk of more losses below the $500 and…

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Ethereum Price Analysis: ETH/USD Extending Slides Below Key Support

Key Highlights ETH price failed to stay above the $202 support and declined recently against the US Dollar. Yesterday’s highlighted important bullish trend line was breached with support at $202 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently under pressure below $202 and it could extend its slide in…

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Bitcoin Price Watch: BTC/USD Bearish Within Range Below $6,450

Key Points Bitcoin price failed to move above the $6,450 and $6,460 resistance levels against the US Dollar. There is a key connecting bullish trend line in place with support at $6,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price must clear the $6,450 and $6,460 resistance levels to…

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Ethereum Price Analysis: ETH/USD Under Pressure Below $210

Key Highlights ETH price struggled to break the $208-209 resistance area and it mostly consolidated against the US Dollar. There is a major bullish trend line formed with support at $205 on the hourly chart of ETH/USD (data feed via Kraken). The pair may correct a few points towards $202 or $200 before it climbs…

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Ethereum Price Analysis: ETH/USD Down and Out Below Key Support

Key Highlights ETH price declined sharply and broke the $220 and $214 support levels against the US Dollar. There was a break below a short-term bullish trend line with support at $222 on the hourly chart of ETH/USD (data feed via Kraken). The pair even broke the $200 support and traded as low as $193….

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Bitcoin (BTC) Cannot Fall Below $5,800 Under The Bullish Case

Bitcoin (BTC) has to make a move by next week. The weekly chart for BTC/USD shows that Bitcoin (BTC) is about to close a weekly candle right next to the downtrend resistance. If this candle closes above the downtrend resistance, which is quite likely, we will see the beginning of a new cycle from next…

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Litecoin Price Analysis: Monero Breaks below Main Support Trend line

It’s back to red with altcoins losing on average five percent in the last day. Litecoin and Stellar Lumens are top losers shedding five percent. Factoring in candlestick arrangement, it is likely bears will drive prices towards previous support lines in coming days. Because of this, we recommend selling Monero at spot prices in sync…

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Ethereum Price Analysis: ETH/USD Could Extend Declines Below $175

Key Highlights ETH price is under a lot of pressure as it broke the $185 low against the US Dollar. There are two bearish trend lines in place with resistance at $190 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down and it may even break the…

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