Bitcoin Price Watch: BTC Runs Into Crucial Resistance, What’s Next?

Bitcoin price climbed higher sharply after diving below the $3,480 support level against the US Dollar.
Yesterday’s highlighted key bearish trend line is intact with resistance near $3,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price is facing a crucial resistance near $3,600, above which it could rally towards $3,700 or $3,750.

Bitcoin price is showing positive signs above the $3,520 level support against the US Dollar. Having said that, BTC is struggling to clear the key $3,600 resistance level.
Bitcoin Price Analysis
Yesterday, we discussed the chances of more losses below the $3,500 level in bitcoin price against the US Dollar. The BTC/USD pair did decline below the $3,500 and $3,480 support levels. The pair spiked towards the $3,450 level and later bounced back. Buyers were successful in pushing the price back above $3,480 and $3,500. It can be considered as a false break since there was no hourly close below $3,480. The recent recovery was solid above $3,550 and the 50% Fib retracement level of the downside move from the $3,700 swing high to $3,465 low.
However, the price ran into a significant resistance near $3,600 and the 100 hourly simple moving average. More importantly, yesterday’s highlighted key bearish trend line is intact with resistance near $3,600 on the hourly chart of the BTC/USD pair. Finally, the 61.8% Fib retracement level of the downside move from the $3,700 swing high to $3,465 low is also acting as a hurdle. Therefore, there are two possible scenarios, with the pivot level at $3,600. First, the price breaks the trend line and $3,600 to start a solid upward move. Second, buyers fail to gain traction above $3,600, resulting in a drop back to $3,500.

Looking at the chart, bitcoin price seems to be trading near a crucial juncture at $3,600. There are high chances of more gains, but it won’t be easy for buyers to clear the $3,600 barrier.
Technical indicators
Hourly MACD – The MACD for BTC/USD is slowly moving back in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently placed nicely above the 50 level.
Major Support Level – $3,500
Major Resistance Level – $3,600
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Bitcoin Price Watch: BTC At Continued Risk of Weakness

Bitcoin price remained in a bearish zone below the $3,580 and $3,600 resistance levels against the US Dollar.
There is a major bearish trend line in place with resistance near $3,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price is currently trading inside an expanding triangle with resistance near the $3,580 level.

Bitcoin price started consolidating losses above the $3,480 support against the US Dollar. BTC is likely to face a strong selling interest near the $3,580 and $3,600 levels.
Bitcoin Price Analysis
Yesterday, there was a significant downward move below the $3,650 support level in bitcoin price against the US Dollar. The BTC/USD pair even traded below the $3,560 support level and the 100 hourly simple moving average. It spiked below the $3,500 support and a low was formed near the $3,465 level. Later, the price recovered a few points above the $3,500 and $3,525 resistance levels. Besides, there was a break above the 23.6% Fib retracement level of the last drop from the $3,701 swing high to $3,467 low.
However, the previous support near the $3,550 and $3,560 levels acted as a strong barrier for buyers. The price even struggled to test the 50% Fib retracement level of the last drop from the $3,701 swing high to $3,467 low. There were a couple of swing moves near the $3,550 level, with no upside break. At the outset, the price is trading inside an expanding triangle with resistance near the $3,580 level. Moreover, there is a major bearish trend line in place with resistance near $3,600 on the hourly chart of the BTC/USD pair. Therefore, a break above the $3,580 and $3,600 resistance levels is needed for a decent recovery.

Looking at the chart, bitcoin price may continue to trade in a range below the $3,550 and $3,580 levels. The next move in BTC could be either above the $3,600 resistance or below $3,480.
Technical indicators
Hourly MACD – The MACD for BTC/USD is about to gain traction in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently well below the 50 level, with a bearish angle.
Major Support Level – $3,480
Major Resistance Level – $3,600
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Ripple Price Analysis: XRP’s Recovery Could Face Major Hurdles

Ripple price traded towards the $0.3100 level recently and later started a correction against the US dollar.
There was a break above a connecting bearish trend line with resistance at $0.3180 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair is currently following an ascending channel with support at $0.3160 on the same chart.

Ripple price is slowly recovering against the US Dollar and Bitcoin. However, XRP/USD is likely to face a lot of hurdles on the upside near the $0.3220 and $0.3250 levels.
Ripple Price Analysis
Yesterday, there was a sharp decline in ripple price below $0.3300 similar to Ethereum and bitcoin against the US Dollar. The XRP/USD pair even broke the $0.3200 support and settled below the 100 hourly simple moving average. It traded close to the $0.3100 level and formed a low at $0.3102. Later, the price started a short term upside correction and traded above $0.3150 and $0.3160. Buyers pushed the price above the 23.6% Fib retracement level of the recent slide from the $0.3350 high to $0.3100 low.
Moreover, there was a break above a connecting bearish trend line with resistance at $0.3180 on the hourly chart of the XRP/USD pair. The pair traded towards the $0.3220 level, which acted as a solid resistance. However, there was no test of the 50% Fib retracement level of the recent slide from the $0.3350 high to $0.3100 low. Therefore, there are chances of more upsides towards the $0.3225 and $0.3250 levels. The price action is still bearish and it seems like it won’t be easy for buyers to clear the $0.3220 and $0.3250 resistances.

Looking at the chart, ripple price is currently following an ascending channel with support at $0.3160. There could be a short term spike towards the channel resistance, $0.3220, and the 100 hourly SMA. A failure to gain momentum above these barriers could result in a fresh decline to $0.3100.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is about to move back in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently near the 50 level, with a flat bias.
Major Support Level – $0.3160
Major Resistance Level – $0.3220
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Ethereum Price Analysis: ETH Consolidating Below Crucial Barriers

ETH price declined recently below $120 and tested the key $112 support area against the US Dollar.
Yesterday’s highlighted important bearish trend line is intact with resistance at $118 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is currently consolidating below the $118 and $120 resistance, with a few positive moves.

Ethereum price is placed in a bearish zone against the US Dollar and bitcoin. ETH/USD must break the $118 and $120 resistances to start a short term upside correction.
Ethereum Price Analysis
Yesterday, we saw a nasty decline in ETH price from the $125 swing high against the US Dollar. The ETH/USD pair broke the $122, $120, $118 and $115 support levels to move into a bearish zone. It tested the $112 support area where buyers emerged. Later, the price started consolidating losses and corrected a few points above the $114 level. It traded above the 23.6% Fib retracement level of the last slide from the $123 swing high to $112 swing low.
However, there are many hurdles on the upside near the $118 level. The price made a couple of attempts to surpass the $117-118 zone, but buyers failed to gain momentum. Besides, the 50% Fib retracement level of the last slide from the $123 swing high to $112 swing low is also near $118. More importantly, yesterday’s highlighted important bearish trend line is intact with resistance at $118 on the hourly chart of ETH/USD. Finally, the 100 hourly simple moving average is positioned near the $120 level. Therefore, both $118 and $120 levels are crucial barriers for buyers in the short term.

Looking at the chart, ETH price may continue to trade in a range above $112 before the next move. If buyers push the price above the $118 and $120 resistance, there could be a recovery towards $125. If not, the price could retest the $112 or $110 level.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is slightly placed in the bullish zone, with a flat structure.
Hourly RSI – The RSI for ETH/USD is currently moving higher towards the 50 and 55 levels.
Major Support Level – $113
Major Resistance Level – $120
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Bitcoin Price Watch: BTC’s Trend Overwhelmingly Bearish Below $3,600

Bitcoin price failed to break the $3,750 resistance and declined sharply against the US Dollar.
There was a break below a crucial bullish trend line with support at $3,620 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price is currently recovery, but it likely to face a strong selling interest near $3,560 and $3,600.

Bitcoin price fell significantly below the $3,600 support against the US Dollar. BTC is currently trading in a downtrend and it could resume its decline if it fails to surpass $3,600.
Bitcoin Price Analysis
This past week, there was a slow and steady rise above the $3,600 level in bitcoin price against the US Dollar. The BTC/USD pair even broke the $3,700 resistance level. However, it seems like buyers failed to gain strength above the $3,750 level. As a result, there was a strong downward move and the price declined below $3,700 and $3,600. The decline was such that the price settled below the $3,600 support and the 100 hourly simple moving average.
More importantly, there was a break below a crucial bullish trend line with support at $3,620 on the hourly chart of the BTC/USD pair. Sellers pushed the price below the key $3,550 support, opening the doors for more losses. A low was formed at $3,470 and the price is currently correcting higher. It moved above the $3,520 level and the 23.6% Fib retracement level of the recent decline from the $3,729 high to $3,470 low. However, the previous support at $3,550 is now acting as a strong resistance. If there is a break above $3,550, the price could face sellers near $3,600. It represents the 50% Fib retracement level of the recent decline from the $3,729 high to $3,470 low.

Looking at the chart, bitcoin price has moved into a bearish zone below $3,600. As long as sellers remain in control below $3,600 and $3,550, there is a risk of more losses below $3,500 and $3,400.
Technical indicators
Hourly MACD – The MACD for BTC/USD is slightly placed in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently recovering toward the 40 level, with a positive angle.
Major Support Level – $3,480
Major Resistance Level – $3,600
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Crypto Market Tumbles: EOS, Tron (TRX), Bitcoin Cash, ADA Price Analysis

The total crypto market cap made a sharp U-turn and declined below the $115.00 support.
EOS price is down around 5% and it broke the $2.45 and $2.40 support levels.
Bitcoin cash price is under pressure and it recently broke the $125 support level.
Tron (TRX) price failed to stay above the $0.0250 support and it could revisit $0.0220.
Cardano (ADA) price declined more than 6% below the $0.0450 support level.

Bitcoin and the whole crypto market fell sharply in the past few hours. BTC, Ethereum, ripple, EOS, BCH, ADA and altcoins are currently under a lot of selling pressure.
Bitcoin Cash Price Analysis
Bitcoin cash price failed to stay above the $130 support level and recently started a sharp decline against the US Dollar. BCH/USD declined below the $126 and $125 support levels to move into a bearish zone. The price is down around 5.5% and it may continue to move lower towards the $120 or $118 support levels.
If there is an upside correction, the previous supports near the $125 and $126 levels may now act as barriers for buyers in the near term.
EOS, Tron (TRX) and ADA Price Analysis
EOS price is down around 5% after it failed to gain pace above the $2.65 resistance. The price declined below the $2.50 and $2.40 support levels. The next key support is at $2.30 where buyers are likely to emerge.
Tron price trimmed most of its recent gains and declined below the $0.0260 and $0.0250 support levels. TRX price is down 3.5% and it seems like it may continue to decline towards the $0.0220 support.
Cardano price fell more than 6% after it broke the $0.0460 support. ADA price is now trading near the $0.0430 level, with an immediate support at $0.0420. The next major support is at $0.0412, followed by $0.0405.

Looking at the total cryptocurrency market cap hourly chart, there was a sharp downside reaction from well above the $122.00B level. The market cap dipped sharply below the $120.00B support and a major bullish trend line on the same chart. It opened the doors for more losses and the market cap reached the $112.00B support level. There may be a short term correction, but upsides in BTC, ETH, tron, litecoin, EOS, ripple, XLM, IOTA and other altcoins remain capped.
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Ripple Price Analysis: XRP Poised To Break $0.3000 Support

Ripple price is currently under pressure below the $0.3200 and $0.3180 support levels against the US dollar.
There is a crucial bearish trend line formed with resistance at $0.3185 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair is likely to extend the current decline and it may even break the $0.3000 support area.

Ripple price declined sharply below key supports against the US Dollar and Bitcoin. XRP/USD remains at a risk of more losses below the $0.3050 and $0.3000 support levels.
Ripple Price Analysis
This past week, we saw a decent recovery above $0.3300 in ripple price against the US Dollar. However, the XRP/USD pair failed on many occasions to clear the $0.3380 and $0.3400 resistance levels. As a result, there was a bearish reaction and the price declined below the $0.3200 support level. The decline was such that the even broke the key $0.3180 support level and moved into a bearish zone. Finally, there was a close below the $0.3200 support level and the 100 hourly simple moving average.
A low was formed at $0.3102 and later the price started a short term upside correction. It recovered above the $0.3120 and $0.3130 levels. There was a break above the 23.6% Fib retracement level of the last decline from the $0.3352 high to $0.3102 low. However, the previous important support near $0.3180 is now acting as a strong barrier for buyers. Moreover, there is a crucial bearish trend line formed with resistance at $0.3185 on the hourly chart of the XRP/USD pair. Above the trend line, the 50% Fib retracement level of the last decline from the $0.3352 high to $0.3102 low is at $0.3227. Therefore, there are many hurdles formed near $0.3180, $0.3200 and $0.3220.

Looking at the chart, ripple price might continue to struggle near the $0.3200 resistance level. Therefore, there is a risk of more losses and it may even break the $0.3000 support area.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is slightly placed in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now well below the 50 level, with many bearish signs.
Major Support Level – $0.3100
Major Resistance Level – $0.3200
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Ethereum Price Analysis: ETH Sinks Below Key Support, Could Extend Losses

ETH price failed to gain strength and declined heavily below the $118 support against the US Dollar.
There is a major bearish trend line formed with resistance at $121 on the hourly chart of ETH/USD (data feed via Kraken).
The pair remains at a risk of more losses as long as it is trading below the $119 and $121 resistances.

Ethereum price declined heavily in the past few hours against the US Dollar and bitcoin. ETH/USD settled below $120 and it may continue to decline towards $110 or $106.
Ethereum Price Analysis
After a decent recovery, ETH price faced a strong selling interest above the $125 level against the US Dollar. The ETH/USD pair formed a top near the $126 level and later started a sharp decline. It broke the $122 support and the 100 hourly simple moving average. The decline was crucial since the price broke the $120 and $118 support levels to move into a bearish zone. Sellers even pushed the price below the $115 level and a new weekly low was formed near the $113 level.
Later, the price started consolidating losses above $113 and corrected a few points higher. It moved above the 23.6% Fib retracement level of the recent decline from the $124 high to $113 swing low. However, the previous support near the $118 level is acting as a strong resistance. Moreover, the 50% Fib retracement level of the recent decline from the $124 high to $113 swing low is positioned near $118. More importantly, there is a major bearish trend line formed with resistance at $121 on the hourly chart of ETH/USD.

Looking at the chart, ETH price clearly moved into a bearish zone below $120 and the 100 hourly simple moving average. As long as it is trading below $118 and $120, there is a risk of more losses. The next supports are at $110 and $106.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is slowly moving in the bullish zone, but with a bearish bias.
Hourly RSI – The RSI for ETH/USD is currently recovering above the 25 level, with a positive angle.
Major Support Level – $113
Major Resistance Level – $121
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Bitcoin Price Weekly Analysis: BTC Could Accelerate Gains Above $3,850

Bitcoin price formed a solid support near the $3,560 level and moved higher against the US Dollar.
There is a crucial bearish trend line in place with resistance near $3,850 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair could continue to move higher towards the $3,850 and $4,000 levels in the near term.

Bitcoin price is showing positive signs above the $3,600 support against the US Dollar. BTC/USD could accelerate gains once there is a break above $3,800 and $3,850.
Bitcoin Price Analysis
This past week, bitcoin price dived below the $3,560 support level against the US Dollar. However, the BTC/USD pair found a strong buying interest near the $3,480 and $3,500 support levels. As a result, there was a sharp bounce above the $3,560 level. The price climbed above the $3,600 and $3,640 resistance levels. Besides, there was a break above the 23.6% Fib retracement level of the last decline from the $4,111 high to $3,489 low. Later, there was a consolidation pattern formed above the $3,600 level.
Finally, there was a break above a contracting triangle with resistance at $3,635 on the 4-hours chart of the BTC/USD pair. The price tested the 100 simple moving average (4-hours) and the $3,800 resistance level. However, the price failed to stay above the 50% Fib retracement level of the last decline from the $4,111 high to $3,489 low. There was a fresh downside move below the $3,700 level and the price is currently trading in a range. On the upside, there are many hurdles, starting with $3,750 and ending with $3,850. Furthermore, there is a crucial bearish trend line in place with resistance near $3,850 on the same chart.

Looking at the chart, BTC price is clearly showing positive signs above the $3,600 support level. Having said that, a proper close above the $3,800 and $3,850 resistance levels is must for more gains.
Technical indicators
4-hours MACD – The MACD for BTC/USD is currently placed in the bullish zone, with positive signs.
4-hours RSI (Relative Strength Index) – The RSI for BTC/USD is currently well above the 50 level.
Major Support Level – $3,560
Major Resistance Level – $3,850
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Ethereum Price Weekly Analysis: ETH Facing Uphill Task Near $128

ETH price faced a strong resistance near the $127 and $128 levels recently against the US Dollar.
There is a major bearish trend line formed with resistance at $125 on the 4-hours chart of ETH/USD (data feed via Kraken).
The pair must break the $125, $127 and $128 resistance levels to move into a positive zone.

Ethereum price is struggling to clear many hurdles versus the US Dollar and Bitcoin. ETH/USD may climb higher sharply once there is a close above $128 and $130.
Ethereum Price Analysis
This past week, ETH price attempted to recover above the $132 and $133 resistance levels against the US Dollar. The ETH/USD pair tested the $133 level, but it failed to gain traction. As a result, there was a fresh decline and the price moved below the $130 and $125 support levels. There was a break below the 122 level and the price settled below the 100 simple moving average (4-hours). Moreover, there was a break below the 61.8% Fib retracement level of the last wave from the $113 swing low to $133 high.
The price tested the $117-118 support and found a decent buying interest. Besides, the 76.4% Fib retracement level of the last wave from the $113 swing low to $133 high acted as a support. Later, the price recovered, but it seems to be struggling to clear the $127 and $128 resistance levels. More importantly, there is a major bearish trend line formed with resistance at $125 on the 4-hours chart of ETH/USD. Therefore, the price must break the $125, $127 and $128 resistance levels to start a fresh upward move. The next key resistance is at $133, above which the price may climb towards the $140 level.

The above chart indicates that ETH price remains well supported near the $120 and $117 support levels. Having said that, a break above $128 is needed for a decent bullish wave.
Technical Indicators
4-hours MACD – The MACD for ETH/USD is slowly moving into the bullish zone, with a few bullish signs.
4-hours RSI – The RSI for ETH/USD is now placed nicely above the 30 level.
Major Support Level – $117
Major Resistance Level – $128
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Bitcoin Price Watch: BTC Signaling Decent Comeback Above $3,700

Bitcoin price declined again and tested the $3,550 support area before recovering against the US Dollar.
There was a break above a major bearish trend line with resistance at $3,585 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price is currently showing positive signs above the $3,600 support level, with a bullish angle.

Bitcoin price broke a key resistance near $3,600 recently against the US Dollar. The current price action is positive, signaling an upside extension above $3,700 in the near term.
Bitcoin Price Analysis
There was yet another rejection near the $3,660 resistance in bitcoin price against the US Dollar. The BTC/USD pair dipped below $3,600 and retested the key $3,550 support area. Buyers protected the $3,550 support and the price bounced back. It climbed above the $3,580 and $3,600 resistance levels, signaling a decent recovery. There was also a break above the 50% Fib retracement level of the recent decline from the $3,715 swing high to $3,549 low. More importantly, there was a close above $3,600 and the 100 hourly simple moving average.
Finally, there was a break above a major bearish trend line with resistance at $3,585 on the hourly chart of the BTC/USD pair. These all are positive signs above the $3,600 level and the 100 hourly SMA. However, the price seems to be facing a solid resistance near the $3,650-3,660 levels. It coincides with the 61.8% Fib retracement level of the recent decline from the $3,715 swing high to $3,549 low. Therefore, a proper close above the $3,660 resistance could clear the path for more gains above $3,700. The next main resistance is at $3,715 and $3,730.

Looking at the chart, bitcoin price clearly made a nice upward move above the $3,600 level. Having said that, a beak above $3,660 is must for more gains. If not, there is a risk of a fresh drop towards the $3,550 and $3,540 support levels.
Technical indicators
Hourly MACD – The MACD for BTC/USD is slowly moving in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is holding the 50 level, with a positive angle.
Major Support Level – $3,550
Major Resistance Level – $3,660
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Crypto Market Update: EOS, Bitcoin Cash, Tron (TRX), IOTA Price Analysis

The total crypto market cap broke a major resistance near the $117.00B level.
EOS price broke the $2.50 resistance and it may rise towards the $2.62 level.
Bitcoin cash price jumped above the $130 level and it might head towards the $135 resistance.
Tron (TRX) price is up more than 3% and it seems like it could test $0.0262.
IOTA gained more than 6% and it is likely approaching the $0.3250 resistance level.

The crypto market is slowing recovery, with positive signs for bitcoin (BTC) and Ethereum. Similarly, BCH, ripple, and altcoins like IOTA, TRX and ADA may climb higher.
Bitcoin Cash Price Analysis
Bitcoin cash price found a decent support near the $125 level and later started a fresh upward move. BCH/USD recently broke the $130 resistance to move into a positive zone. The price may continue to climb higher and it could test the $135 and $136 resistance levels in the near term.
On the downside, an immediate support is at $130, below which the price could retest the $128 and $126 support levels.
EOS, Tron (TRX) and IOTA Price Analysis
EOS price is trading with a positive tone and it recently broke the $2.45 and $2.50 resistance levels. The next stop for buyers could be $2.62, above which buyers are likely to push the price towards the $2.80 level.
Tron started a fresh upward move and gained around 3%. TRX is trading nicely above the $0.0250 level and it may continue to grind towards the $0.0260 and $0.0265 resistance levels.
IOTA (MIOTA) performed really well recently and traded up by more than 7%. The price is cleared the $0.3050 and $0.3100 resistance levels, opening the doors for a run towards the $0.3250 and $0.3300 resistances.

Looking at the total cryptocurrency market cap hourly chart, there was a decent upward move after a test of the $115.00B support level. The market cap gained traction and it recently surpassed a crucial bearish trend line with resistance at $117.20B on the hourly chart. It has opened the doors for more gains towards the $120.00B and $124.00B level. Hence, there are chances of a decent recovery in bitcoin, ETH, tron, litecoin, EOS, ripple, XLM, ICX and other altcoins in the near term.
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Ripple Price Analysis: XRP Likely Preparing For The Next Ride

Ripple price is trading in a tight range above the $0.3240 and $0.3200 support levels against the US dollar.
There is a major contracting triangle formed with resistance at $0.3290 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair is likely to make the next move either above $0.3300 or below $0.3200 in the near term.

Ripple price is preparing for the next major move against the US Dollar and Bitcoin. XRP/USD could surge above $0.3300 as long as it is above the $0.3160 support area.
Ripple Price Analysis
During the past few hours, there were mainly range moves above the $0.3160 pivot in ripple price against the US Dollar. The XRP/USD pair traded a few points above the $0.3280 and $0.3300 resistance levels. However, there was no major upward move and the price topped near the $0.3340 level. Later, there was a downward move and the price declined below the $0.3260 support. There was also a break below the $0.3220 support and the 100 hourly simple moving average.
A low was formed at $0.3208 and later the price corrected higher. It recently broke the 50% Fib retracement level of the recent drop from the $0.3341 high to $0.3208 low. However, the upward move was capped by the $0.3280 and $0.3290 levels. The price also failed to clear the 61.8% Fib retracement level of the recent drop from the $0.3341 high to $0.3208 low. At the outset, there is a major contracting triangle formed with resistance at $0.3290 on the hourly chart of the XRP/USD pair. A successful close above the $0.3290 and $0.3300 resistance levels may clear the path for more gains. The next major resistance is at $0.3380, above which the price may test $0.3600.

Looking at the chart, ripple price is clearly preparing for the next break either above $0.3300 or below $0.3200. As long as XRP is above $0.3160, there are high chances of a break above $0.3300.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is currently flat, with no major bullish signal.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is flirting with the 50 level, with a few bearish signs.
Major Support Level – $0.3160
Major Resistance Level – $0.3300
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Bitcoin Price Watch: BTC At Risk of Sharp Decline, Could Retest $3,400

Bitcoin price failed to recover above the $3,650 resistance and declined recently against the US Dollar.
There was a break below a major contracting triangle with support at $3,590 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price is currently trading in a bearish zone and it may accelerate losses to $3,500 and $3,400.

Bitcoin price is under selling pressure below $3,650 against the US Dollar. There are high chances of more losses in BTC below $3,500 and $3,450 in the near term.
Bitcoin Price Analysis
Recently, there was a decent support formed near $3,550 in bitcoin price against the US Dollar. The BTC/USD pair started a short term recovery and moved above the $3,600 and $3,620 resistance levels. There was also a break above the 50% Fib retracement level of the last side from the $3,716 high to $3,549 low. However, the price struggled to hold gains above the $3,650 level and the 100 hourly simple moving average. A clear rejection candle was formed near the $3,650 level.
Besides, the price failed to surpass the 61.8% Fib retracement level of the last side from the $3,716 high to $3,549 low. As a result, there was a bearish reaction and the price declined below $3,620 and $3,600. More importantly, there was a break below a major contracting triangle with support at $3,590 on the hourly chart of the BTC/USD pair. The pair is now trading well below $3,620 and the 100 hourly SMA. Should bitcoin gain bearish momentum below the $3,550 support, the price may tumble below the $3,500 and $3,450 support levels.

Looking at the chart, bitcoin price is showing a few bearish signs below the $3,620 and $3,650 resistance levels. Therefore, to start a decent upward move, the price must surpass the $3,650 pivot level. If not, there is a risk of a sharp decline below $3,500 and $3,450 in the coming sessions.
Technical indicators
Hourly MACD – The MACD for BTC/USD has moved back in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now well below 50 level, with bearish signs.
Major Support Level – $3,550
Major Resistance Level – $3,650
The post Bitcoin Price Watch: BTC At Risk of Sharp Decline, Could Retest $3,400 appeared first on NewsBTC.
Source: New feedNewsBTC.com

Ripple Price Analysis: XRP Could Target Fresh Weekly Lows

Ripple price is struggling to gain momentum above the $0.3300 and $0.3320 resistances against the US dollar.
There is a key bullish trend line formed with support at $0.3240 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could break to the downside if sellers push the price below $0.3200 and $0.3150.

Ripple price is slowly moving into a bearish zone against the US Dollar and Bitcoin. XRP/USD could accelerate losses if buyers continue to struggle above $0.3300 in the near term.
Ripple Price Analysis
Recently, there was a dip below the $0.3250 and $0.3200 supports in ripple price against the US Dollar. The XRP/USD pair traded as low as $0.3192 and later corrected higher. It moved above the $0.3220 and $0.3250 resistance levels. There was a break above the 50% Fib retracement level of the last slide from the $0.3383 high to $0.3192 low. Moreover, there was a break above the $0.3300 level and the 100 hourly simple moving average.
Buyers also pushed the price above a connecting bearish trend line with resistance at $0.3260 on the hourly chart of the XRP/USD pair. However, the upside move was capped by the $0.3320 and $0.3330 resistance levels. The price also failed to settle above the 61.8% Fib retracement level of the last slide from the $0.3383 high to $0.3192 low. As a result, there was a fresh decline below the $0.3300 level and the 100 hourly simple moving average. At the outset, the price is trading near a key bullish trend line with support at $0.3240 on the same chart. If there is a downside break below the trend line and $0.3220, the price could accelerate losses.

Looking at the chart, ripple price seems to be slowly moving into a bearish zone below $0.3250. If buyers continue to struggle, there could be more declines below $0.3200. The next key supports are $0.3150 and $0.3105.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is showing a few negative signs in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently well below the 50 level.
Major Support Level – $0.3200
Major Resistance Level – $0.3300
The post Ripple Price Analysis: XRP Could Target Fresh Weekly Lows appeared first on NewsBTC.
Source: New feedNewsBTC.com