Bitcoin Price Watch: BTC Bulls And Bears Lock Horns For Next Break

Bitcoin price spiked towards the $4,000 resistance, but failed once again versus the US Dollar.
The price traded lower and broke the $3,950 and $3,940 support levels.
There was a break below a connecting bullish trend line with support at $3,925 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair remains well supported above $3,860 and the 100 hourly simple moving average.

Bitcoin price is still facing a strong resistance near the $4,000 zone against the US Dollar. BTC bears and bulls locked horns as the price prepares for the next key break.
Bitcoin Price Analysis
Yesterday, we discussed about a possible upside acceleration above $4,000 in bitcoin price against the US Dollar. The BTC/USD pair did gain traction and broke the last swing high near $3,972. It traded close to the $4,000 resistance, but failed to gain strength. A new weekly high was formed at $3,985 and later the price declined sharply. The decline was such that the price broke the $3,950 and $3,940 support levels.
More importantly, there was a break below a connecting bullish trend line with support at $3,925 on the hourly chart of the BTC/USD pair. The pair traded close to the $3,860 support, where buyers emerged. A low was formed at $3,864 and the price is currently correcting higher. It moved above $3,900 and the 23.6% Fib retracement level of the recent decline from the $3,985 high to $3,864 low. However, the price is facing resistance near the previous support at $3,925.
Besides, the 50% Fib retracement level of the recent decline from the $3,985 high to $3,864 low is acting as a resistance. It seems like there is an ascending channel in place with resistance at $3,930. A successful break above the channel and $3,940 could push the price towards the $3,970 level. On the downside, an initial support is near the $3,870 level and the 100 hourly simple moving average. The main support is at $3,860, below which the price could test the $3,830 level in the short term.

Looking at the chart, bitcoin price seems to be confined in a tight range below the $4,000 resistance. It could either climb above the $4,000 barrier and trade towards the $4,200 level or extend the recent decline. Having said that, the price must stay above the $3,830 level. If not, there is a risk of a sharp drop towards the $3,720 support.
Technical indicators
Hourly MACD – The MACD is placed slightly in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is placed just above the 50 level.
Major Support Level – $3,860 followed by $3,830.
Major Resistance Level – $3,940, $3,975 and 4,000.
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Crypto Market Targets Fresh Highs: Bitcoin Cash, EOS, XLM, TRX Price Analysis

The total crypto market cap declined recently, but it found support near the $126.5B level.
Bitcoin cash price corrected lower and declined below the $146 and $145 support levels.
EOS price is currently consolidating gains above the $3.85 support area
Stellar (XLM) corrected higher, but it struggled to break the $0.0920 resistance area.
Tron (TRX) is confined in a range below the $0.0255 resistance area.

The crypto market is holding a crucial support and it could bounce back. Bitcoin (BTC), BCH, Ethereum, EOS, ripple, stellar (XLM), tron (TRX) and other major altcoins are likely to grind higher.
Bitcoin Cash Price Analysis
Recently, bitcoin cash price started a downside correction after it failed near the $150 resistance area against the US Dollar. The BCH/USD pair slowly declined and it recently broke the $146 and $145 support levels. The price is currently trading below $145, with supports near the $144, $142 and $140 levels.
On the upside, the price could face sellers near $146 before it retests the $148 resistance. The main resistance for buyers is near the $150 level, above which the price will most likely trade towards $155 in the coming days.
EOS, Stellar (XLM) and Tron (TRX) Price Analysis
EOS price remained in a solid uptrend and it recently broke the $3.80 and $3.85 resistance levels. The price settled above the $3.85 level and it is currently consolidating gains. On the upside, an initial resistance is at $3.90 and $3.92, above which the price could revisit the key $4.00 resistance area. On the downside, a break below $3.85 may push the price towards the $3.80 support.
Stellar price started an upside correction and it recently broke the $0.0850 resistance level. However, XLM price failed to gain strength above the $0.0920 resistance and later corrected lower. On the downside, supports are visible near the $0.0850 and $0.0820 levels.
Tron price mostly traded in a broad range above the $0.0450 support area. TRX price recently tested the $0.0255 resistance, where sellers emerged. The price declined again below $0.0250 and it may revisit the $0.0245 support area in the near term.

Looking at the total cryptocurrency market cap hourly chart, there was a spike above the $132.5B resistance level. However, the market cap failed to stay above the $132.0B level and later declined. It broke the $130.0B support and tested the key $126.5B support area. Later, the market cap bounced back, but it is facing sellers near the $130.0B resistance level. Therefore, there could be a few bearish moves before the crypto market cap attempts to retake the $130.0B and $132.0B resistance levels. Overall, there could be short-term bearish moves in bitcoin, Ethereum, EOS, ripple, LTC, bitcoin cash, XLM, TRX, and other altcoins before fresh increase.
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Ripple Price Analysis: XRP Signaling Bearish Extension In Short Term

Ripple price failed to stay above the $0.3250 and $0.3200 support levels and declined against the US dollar.
This week’s followed major bullish trend line was breached with support near $0.3245 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair declined below $0.3200 and tested the next key support near the $0.3140 level.
The current price action is slightly bearish, suggesting more losses towards the $0.3050 support area.

Ripple price failed to hold gains and declined recently against the US Dollar and bitcoin. XRP/USD could decline towards the $0.3050 support before it can start a fresh upward move.
Ripple Price Analysis
Yesterday, we discussed a few important support levels near the $0.3250 level for ripple price against the US Dollar. Recently, the XRP/USD pair started a downside move from well above the $0.3400 level and declined below the $0.3300 and $0.3280 supports. Later, the price found a strong support near the $0.3250 level. More importantly a crucial breakout pattern was formed with support near $0.3250. However, buyers failed to hold gains, resulting in a sharp decline below $0.3250.
During the decline, the price broke the $0.3220 support and the 100 hourly simple moving average. Besides, this week’s followed major bullish trend line was breached with support near $0.3245 on the hourly chart of the XRP/USD pair. The pair even traded below $0.3160 and tested the $0.3150 support. A low was formed at $0.3144 and the price is currently correcting higher. It is testing the 23.6% Fib retracement level of the recent drop from the $0.3337 high to $0.3144 low. However, there are many hurdles on the upside near the $0.3190 and $0.3200 levels.
There is also a bearish trend line in place with resistance near $0.3200 and the 100 hourly SMA. Therefore, a successful break above $0.3200 is needed for a decent recovery. The next resistance could be $0.3250 and the 50% Fib retracement level of the recent drop from the $0.3337 high to $0.3144 low.

Looking at the chart, ripple price likely moved into a bearish zone below the $0.3250 support level. The current price action is slightly bearish, suggesting more losses towards the $0.3050 support area. Having said that, losses could be limited and sooner or later the price may bounce back above $0.3200. Finally, a close above $0.3250 will most likely boost the market sentiment in favor of buyers.
Technical Indicators
Hourly MACD – The MACD for XRP/USD recovered and moved back in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD recovered recently, but failed near the 50 level.
Major Support Levels – $0.3150, $0.3140 and $0.3100.
Major Resistance Levels – $0.3200, $0.3240 and $0.3250.
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Ethereum Price Analysis: ETH Hesitates But Break Above $150 Seem Likely

ETH price is currently trading in a broad range above the $140 and $142 supports against the US Dollar.
The price seems to be facing a strong resistance near the $148 and $150 levels.
There is a key bullish trend line formed with support at $143 on the hourly chart of ETH/USD (data feed via Kraken).
The pair must stay above the $140 support to clear the $150 barrier in the near term.

Ethereum price is likely preparing for the next break against the US Dollar and bitcoin. ETH/USD could struggle in the short term, but it will most likely break the $150 resistance area.
Ethereum Price Analysis
Recently, ETH price traded higher towards the $148 and $149 resistances against the US Dollar. However, the ETH/USD pair failed to surpass the $148 resistance on more than two occasions. As a result, there was a fresh drop and the price traded below the $144 level. The price traded close to the $142 support, where buyers emerged. A swing low was formed and later the price corrected higher. It recently moved above $144 and tested the 50% Fib retracement level of the last slide from the $149 swing high to $142 swing low.
At the moment, the $145-146 zone is acting as a short term resistance. An immediate resistance is the 61.8% Fib retracement level of the last slide from the $149 swing high to $142 swing low. A fresh close above the $148 level is needed for buyers to gain strength. More importantly, buyers need to successfully break $150 to start a new upward wave. The next key resistance is near $154 and the 1.618 Fib extension level of the last slide from the $149 swing high to $142 swing low.
On the downside, an initial support is near $144. Besides, there is a key bullish trend line formed with support at $143 on the hourly chart of ETH/USD. The main supports are near the $142 and $140 levels. A downside break below the $140 support could open the doors for a sharp decline in the coming sessions. Therefore, it’s very important for the price to stay above $140 in order to challenge and break $150.

Looking at the chart, ETH price seems to be trading in a range above the $140 and $142 support. Having said that, there are a few bearish patterns emerging on the charts, suggesting a pullback below $140.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is slowly gaining pace in the bullish zone, with positive signs.
Hourly RSI – The RSI for ETH/USD is rising sharply and it is placed well above the 50 level.
Major Support Level – $142
Major Resistance Level – $148
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Bitcoin Price Watch: BTC Readies For Bullish Acceleration Above $4,000

Bitcoin price is well supported on the downside near the $3,900 and $3,850 supports against the US Dollar.
The price is likely to accelerate gains above the $3,975 and $4,000 resistance levels.
There is a major bullish trend line formed with support at $3,900 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could dip a few points, but buyers are likely to protect declines below $3,850.

Bitcoin price is likely setting up for the next break above $4,000 against the US Dollar. BTC could gain bullish momentum towards $4,200 if it succeeds in surpassing the $4,000 resistance.
Bitcoin Price Analysis
Yesterday, we saw a minor downside correction from the $3,975 swing high in bitcoin price against the US Dollar. The BTC/USD pair traded below the $3,900 support level, but it found support near the $3,860 level. Later, it formed a support base above $3,860 and finally started a fresh upward move. It broke the 50% Fib retracement level of the recent decline from the $3,974 high to $3,861 low. Besides, there was a break above a connecting bearish trend line at $3,900 on the hourly chart of the BTC/USD pair.
The pair settled above the $3,920 level and traded close to the $3,950 resistance. BTC tested the 76.4% Fib retracement level of the recent decline from the $3,974 high to $3,861 low. It is currently consolidating below $3,950, with a bullish angle. The current price action is positive and it seems like there could be more gains above $3,950 and $3,975. However, a successful break above the $4,000 resistance is must for an upside acceleration. The next key resistance is near $4,180 and $4,200 levels.
On the downside, the main support is near the $3,900 level. There is also a major bullish trend line formed with support at $3,900 on the same chart. Should BTC decline below the trend line, it could test the $3,860 and $3,830 support levels. The final support is at $3,800 and the 100 hourly simple moving average. Below the 100 hourly SMA, the price could decline towards $3,720.

Looking at the chart, bitcoin price is clearly trading with a bullish bias above the $3,900 and $3,860 supports. Therefore, there are high chances of more upsides above the $3,975 and $4,000 resistance. Buyers could aim for $4,200 if there is a successful hourly close above the $4,000 barrier in the near term.
Technical indicators
Hourly MACD – The MACD is slowly gaining strength in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently well above the 50 level, with a positive angle.
Major Support Level – $3,900 followed by $3,860.
Major Resistance Level – $3,950. $3,975 and 4,000.
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Crypto Market Could Rally Further: EOS, Bitcoin Cash, TRX, ADA Price Analysis

The total crypto market cap is preparing for more gains above the $132.5B resistance level.
EOS price gained more than 7% recently and broke the $3.80 and $3.85 resistances.
Bitcoin cash price is consolidating below the key $150 resistance level.
Tron (TRX) price moved back above the $0.0250 resistance, but there was no follow through.
Cardano (ADA) price is grinding higher and it could soon test the key $0.0500 resistance area.

The crypto market is primed for more gains, with bullish moves in bitcoin (BTC) and Ethereum (ETH). EOS, BCH, ripple, tron (TRX), ADA and other altcoins are likely to accelerate higher.
Bitcoin Cash Price Analysis
Bitcoin cash price remained well bid above the $142 and $145 support levels against the US Dollar. The BCH/USD pair tested the $150 resistance level recently and later declined. However, the $145 support acted as a solid buy zone and later the price bounced back.
The price needs to gain strength above the $148 and $150 resistance levels to move further higher in the coming sessions. In the mentioned case, the price could revisit the $160 resistance zone.
EOS, Tron (TRX) and ADA Price Analysis
EOS price performed really well recently after it corrected lower from the $3.00 resistance. The price found support above the $2.70 support level and later bounced back. It is up more than 7% and moved above the $2.80 and $2.85 resistance levels. An immediate resistance is at $2.92, above which the price could test the $3.00 resistance zone in the near term. The key supports on the downside are $2.82 and $2.80.
Tron price moved to and fro between the $0.0240 and $0.0255 levels. TRX price is currently traded above the $0.0250 resistance, but it must break the $0.0255 resistance to gain strength. The next main resistance is at 0.0262 and $0.0265.
Cardano price remained well bid above the $0.0420 support area. ADA price recently broke the $0.0450 and $0.0465 resistance levels to set the pace for more gains. The current price action is positive and it seems like the price could continue to move higher towards the $0.0500 resistance area in the near term.

Looking at the total cryptocurrency market cap hourly chart, there is a solid uptrend in place above the $125.0B support area. The market recently corrected lower and tested the $127.00B level. Later, it bounced back above $130.0B and it seems like it could break the $131.0B and $132.5B resistance levels in the next few hours. If buyers gain strength, the market cap could surge towards the $135.0B and $140.0B levels. Therefore, there could be more upsides in bitcoin, ETH, XRP, tron, bitcoin cash, litecoin, EOS, stellar, IOTA and other altcoins.
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Bitcoin Price Watch: Pullback In BTC Before Fresh Increase

Bitcoin price extended gains above $3,900 and traded close to the $4,000 resistance against the US Dollar.
The price traded as high as $3,973 and later started a downside correction.
There is a short term breakout pattern in place with support at $3,875 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is likely to correct further lower towards the $3,830 or $3,800 support levels before fresh increase.

Bitcoin price failed to surpass the $4,000 resistance and corrected lower against the US Dollar. BTC could tested the $3,800 support area before a new upward move towards $4,000.
Bitcoin Price Analysis
Yesterday, we saw a strong rally above the $3,750 resistance in bitcoin price against the US Dollar. The BTC/USD pair spiked towards the $3,950 level and later corrected lower. However, the $3,830 support prevented losses and the price bounced back. It broke the last swing high and traded close to the $4,000 resistance. A new weekly high was formed at $3,973, but the price failed to test the $4,000 barrier. As a result, there was a fresh downside correction and the price declined below $3,950 and $3,920.
There was a break below the 23.6% Fib retracement level of the last wave from the $3,684 low to $3,973 high. However, the current decline is finding bids near yesterday’s highlighted bullish trend line with support at $3,880. More importantly, it seems like there is a short term breakout pattern in place with support at $3,875 on the hourly chart of the BTC/USD pair. If there is a downside break, the pair could test the next key support at $3,830. It coincides with the 50% Fib retracement level of the last wave from the $3,684 low to $3,973 high.
If the price fails to hold the $3,830 support, it could test the main $3,800 support area in the near term. On the upside, the price must break the $3,925 and $3,950 resistance levels to revisit $3,975. The main resistance for buyers is near the $4,000 level, above which there are chances of further gains.

Looking at the chart, bitcoin price seems to be setting up for the next break either above $3,925 or below $3,875. In the short term, there could be a few bearish moves, but the $3,800 support is likely to hold losses. Below $3,800, the price could drop towards the $3,720 support.
Technical indicators
Hourly MACD – The MACD is currently in the bearish zone, with a few positive signs.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently flat near the 50 level.
Major Support Level – $3,830 followed by $3,800.
Major Resistance Level – $3,925. $3,950 and 4,000.
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Crypto Market Eyes Additional Gains: BNB, EOS, Bitcoin Cash, Tron (TRX) Analysis

The total crypto market cap traded towards the $132.5B level and later corrected lower.
EOS price traded above the $3.50 resistance and it is currently consolidating gains.
Binance Coin (BNB) rallied more than 10% and broke the $10.00 resistance area.
Bitcoin cash price is placed nicely above the $140 support, with a bullish bias.
Tron (TRX) price failed to stay above the $0.0250 support and later declined.

The crypto market started a downside correction, but it remains supported. Dips in bitcoin (BTC), Ethereum (ETH), Binance coin (BNB), BCH, ripple, EOS, TRX and ADA are likely to find buyers.
Bitcoin Cash Price Analysis
Bitcoin cash price gained traction recently and broke the $135 and $140 resistances against the US Dollar. The BCH/USD pair even traded above the $145 level and later started a downside correction. On the downside, the key supports are near $142 and $140, below which the price might test the $135 support.
On the upside, an initial resistance is near the $145 level, above which the next hurdle for buyers is at $148 and $150. In the short term, there could be range moves, but the price is likely to gain further above $145.
EOS, Tron (TRX) and BNB Price Analysis
EOS price gained a strong bullish momentum above the $3.00 resistance area. It broke the $3.25 and $3.50 resistance levels to register heavy gains. At the moment, the price is consolidating above the $3.50 support, with resistances near the $3.62 and $3.70 levels.
Tron price moved above the $0.0250 resistance level, but it failed to hold gains. TRX price topped below the $0.0255 resistance and later declined below the $0.0250 support. The price is down more than 2% and it seems like it could retest the $0.0245 support area in the near term.
Binance coin (BNB) rallied recently above the $9.50 and $10.00 resistance levels. BNB price gained more than 10% and even surpassed the $10.50 resistance. The next major hurdle for buyers is near the $11.00 level, above which the price might eye a test of the $12.00 level.

Looking at the total cryptocurrency market cap hourly chart, there was a strong upward move above the $120.0B and $125.0B resistance levels. The market cap even broke the $130.0B resistance level and tested the $132.5B level, where it faced resistance. Later, it started a downside correction and declined below $130.0B. However, there are many supports near $126.0B, $125.0B, and a bullish trend line on the same chart. Therefore, as long as the market cap is above $125.0B, dips in bitcoin, ETH, tron, litecoin, EOS, ripple, ADA, stellar, BNB, BCH, XMR and other altcoins remain supported in the coming sessions.
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Ripple Price Analysis: XRP Signaling Bullish Continuation

Ripple price followed Ethereum and bitcoin to move into a bullish zone above $0.3100 against the US dollar.
Buyers gained traction above the $0.3100 and $0.3150 resistance levels before sellers appeared near $0.3290.
There is a key bullish trend line formed with support near $0.3140 on the hourly chart of the XRP/USD pair (data source from Kraken).
The price is currently correcting lower, but it remains supported above $0.3160 and $0.3140.

Ripple price jumped above key resistance levels against the US Dollar and bitcoin. XRP/USD is now trading with a positive bias and it could continue to rise towards $0.3300 and $0.3400.
Ripple Price Analysis
After a solid upward move in Ethereum and bitcoin, ripple price finally gained traction above $0.3050 against the US Dollar. The XRP/USD pair started a decent uptrend and broke the $0.3000 and $0.3060 resistance levels. The pair moved into a bullish zone above the $0.3100 resistance and the 100 hourly simple moving average. Buyers took control above the $0.3100 level, resulting in gains above the $0.3150 and $0.3200 resistance levels. The price traded close to the $0.3300 resistance and a new weekly high was formed at $0.3292.
Later, there was a sharp downside correction below $0.3260 and $0.3240. Besides, there was a break below the 23.6% Fib retracement level of the last wave from the $0.3052 low to $0.3292 high. The decline was such that the price tested the $0.3160 support area. An immediate support is near the $0.3150-0.3160 zone. It represents the 50% Fib retracement level of the last wave from the $0.3052 low to $0.3292 high. More importantly, there is a key bullish trend line formed with support near $0.3140 on the hourly chart of the XRP/USD pair.
Therefore, buyers are likely to take a stand near the $0.3160 and $0.3150 levels. If there are additional declines, the price could test the $0.3110 support. It coincides with the 76.4% Fib retracement level of the last wave from the $0.3052 low to $0.3292 high. The mains support is near the $0.3095-0.3100 zone (the previous resistance). To the topside, an initial resistance is at $0.3220, above which the price may rise towards $0.3260.

Looking at the chart, ripple price clearly moved into a bullish zone above $0.3100. However, buyers need to protect declines below $0.3100. If they fail, the price might move back in a bearish zone to $0.3000. This week, buyers could target the $0.3400 and $0.3500 resistance levels as long as the price is above $0.3095.
Technical Indicators
Hourly MACD – The MACD for XRP/USD just moved into the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is correcting lower towards the 50 level.
Major Support Level – $0.3100
Major Resistance Level – $0.3260
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Ethereum Price Analysis: ETH Rally Takes Break, Uptrend Intact Above $140

ETH price extended the recent rally and traded above the $144 and $148 resistances against the US Dollar.
The price traded close to the $150 level and later started consolidating gains above $145.
There is a major bullish trend line in place with support at $142 on the hourly chart of ETH/USD (data feed via Kraken).
There could be a short term downside correction, but buyers remain in action above $140.

Ethereum price posted solid gains against the US Dollar and bitcoin. ETH/USD tested the $150 resistance area and it may now correct lower before a fresh bullish wave in the near term.
Ethereum Price Analysis
Yesterday, we saw a nasty upward move from the $125 swing low in ETH price against the US Dollar. The ETH/USD pair rallied above the $130 and $136 resistance levels to move into a bullish zone. Later, buyers gained traction and pushed the price above the $140 and $142 resistance levels. There was a bearish reaction noted near the $148 level and the price dipped towards the $140 support. Sellers failed to gain momentum, resulting in a fresh upward move above the $145 and $148 resistance levels. It traded close to the $150 resistance and settled well above the 100 hourly simple moving average.
At present, the price is consolidating gains above $145, with a few bearish moves. It broke the 23.6% Fib retracement level of the recent wave from the $134 low to $150 swing high. The last hourly candle is suggesting an increase in selling pressure below $150. However, there are many supports on the downside near the $145, $142 and $140 levels. More importantly, there is a major bullish trend line in place with support at $142 on the hourly chart of ETH/USD.
If there is a break below the trend line, the price could test the $140 support area. It coincides with the 61.8% Fib retracement level of the recent wave from the $134 low to $150 swing high. Any further losses could spark an extended downside correction below $138 and $136. To the topside, the $148 and $150 levels are strong barriers for buyers in the near term.

Looking at the chart, ETH price seems to be facing heavy offers near $150. Therefore, there could be a couple of swing moves above $140 before a fresh upward move. Above $150, the next target for might be $154 and $155.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is currently in the bearish zone, but with a few bullish signs.
Hourly RSI – The RSI for ETH/USD is currently correcting lower towards the 60 level.
Major Support Level – $140
Major Resistance Level – $150
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Bitcoin Price Watch: BTC Turned Buy On Dips, Uptrend Intact

Bitcoin price formed a strong support near the $3,550 level and traded higher against the US Dollar.
There was a break above a major bearish trend line with resistance at $3,610 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair broke the $3,650 and $3,700 resistance levels to move into a positive zone.
A high was formed at $3,732 before the price started a downside correction.

Bitcoin price gained traction and broke the key $3,600 resistance against the US Dollar. BTC is now placed nicely in a positive zone and dips remain supported near $3,620 and $3,600.
Bitcoin Price Analysis
There was a brief consolidation this past week above the $3,550 support in bitcoin price against the US Dollar. The BTC/USD pair formed a strong support near the $3,550 level and later traded higher. The price gained traction and broke many resistances, including $3,580 and $3,600. It opened the doors for more gains and the price even settled above $3,600 and the 100 hourly simple moving average. During the upward move, there was a break above a major bearish trend line with resistance at $3,610 on the hourly chart of the BTC/USD pair.
The pair even cleared the $3,700 resistance and traded to a new weekly high at $3,732. Later, there was a downside correction below the $3,700 level. Sellers pushed the price below the 23.6% Fib retracement level of the last wave from the $3,553 low to $3,732 high. However, there are many supports near the $3,640 and $3,620 levels. An initial support is $3,645 and the 50% Fib retracement level of the last wave from the $3,553 low to $3,732 high.
The main support is near the $3,620 level (the previous breakout resistance). It also coincides with the 61.8% Fib retracement level of the last wave from the $3,553 low to $3,732 high. Therefore, if there is a downside correction below $3,660, the price could find support near the $3,640 and $3,620 levels. On the upside, an initial resistance is near the $3,700 level, above which the price may perhaps test $3,750.

Looking at the chart, bitcoin price clearly broke a few important resistances near $3,600 to move into a bullish zone. The current price action is positive, with chances of more gains above $3,700 and $3,750. The next key resistance above $3,750 is near the $3,880 level.
Technical indicators
Hourly MACD – The MACD is placed heavily in the bullish zone, signaling a strong upward move in the short term.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently retreating from the overbought levels.
Major Support Levels – $3,640 followed by $3,620 and $3,600.
Major Resistance Levels – $3,700, $3,720 and 3,740.
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Crypto Market Could Extend Gains: EOS, Bitcoin Cash, Tron (TRX), ADA Price Analysis

The total crypto market cap gained momentum and broke the $118.0B resistance level.
EOS price broke the $2.85 resistance and it is currently approaching the $3.00 resistance.
Bitcoin cash price is up more than 5% and it could soon test the $130 level.
Tron (TRX) price is facing a strong resistance near the $0.0250 and $0.0255 levels.
Cardano (ADA) price rallied and broke the $0.0400 and $0.0420 resistance levels.

The crypto market gained bullish momentum, with gains in bitcoin (BTC) and Ethereum (ETH). EOS, BCH, ripple, tron, ADA and other altcoins are also placed nicely above key supports.
Bitcoin Cash Price Analysis
Bitcoin cash price formed a decent support near the $120 level against the US Dollar. The BCH/USD pair started a fresh upward move and it recently broke the $124 and $125 resistance levels. The pair is now trading above the $128 level and it seems like it could soon test the $130 level.
Above $130, the next key resistance is near the $135 level, where sellers might appear. On the downside, the previous resistance near the $125 level may act as a support if there is a downside correction.
EOS, Tron (TRX) and ADA Price Analysis
EOS price traded with a lot of bullish moves in the past few days above the $2.55 resistance. The price recently broke the $2.80 and $2.85 resistance levels to move into a bullish zone. It seems like the price might continue to move higher above the $3.00 resistance. On the downside, an initial support is at $2.90, below which the price could test the $2.85 level.
Tron price settled below the $0.0255 support this past week, with a few bearish moves. TRX price is currently consolidating above the $0.0240 support, but it is facing a strong resistance near the $0.0250 and $0.0255 levels.
Cardano price is up more than 4% and it settled above the $0.0400 resistance level. ADA price recently broke the $0.0420 resistance, opening the doors for more gains. If buyers remain in action, there are chances of a push towards the $0.0450 resistance in the near term.

Looking at the total cryptocurrency market cap hourly chart, there was a decent support formed near the $115.0B and $116.0B levels. The market cap started a strong upward move and broke the $118.0B and $120.0B resistance levels. It traded close to the $124.0B level and it is currently consolidating gains. It seems like there could be a minor dip, but the $120.0B level is likely to act as a strong support. Therefore, if there is a downside correction, bitcoin, ETH, XRP, tron, bitcoin cash, litecoin, EOS, stellar, IOTA and other altcoins could find buyers.
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Ripple Price Analysis: XRP Likely To Gain Bullish Momentum Above $0.3100

Ripple price formed a solid support near the $0.2940 and traded higher against the US dollar.
There was a break above two key bearish trend lines with resistance near $0.2980 on the hourly chart of the XRP/USD pair (data source from Kraken).
The price tested the $0.3040 and $0.3050 resistance levels, where sellers emerged.
In the short term, there could be a minor downside correction before the price spikes above $0.3050 and $0.3080.

Ripple price is holding a few important supports against the US Dollar and Bitcoin. XRP/USD is likely to gain bullish momentum once buyers surpass the $0.3080 and $0.3100 resistance levels.
Ripple Price Analysis
After a few bearish moves, ripple price formed a solid support near the $0.2940 level against the US Dollar. The XRP/USD pair started a decent upside correction and traded above the $0.2960 and $0.2980 resistance levels. During the climb, the price broke the 50% Fib retracement level of the last drop from the $0.3088 high to $0.2940 low. It opened the doors for more gains above the $0.2980 resistance. Later, the price settled above the $0.3000 resistance and the 100 hourly simple moving average.
Besides, there was a break above two key bearish trend lines with resistance near $0.2980 on the hourly chart of the XRP/USD pair. The pair traded close to the $0.3040 and $0.3050 resistance levels, where sellers emerged. The recent high was formed at $0.3044 and the price is currently consolidating. An initial support is near the 23.6% Fib retracement level of the recent wave from the $0.2940 low to $0.3044 high. However, the main support is near the $0.3000 level, which was a crucial resistance earlier.
The next support is near the $0.2990 level and the 50% Fib retracement level of the recent wave from the $0.2940 low to $0.3044 high. More importantly, the 100 hourly SMA is also near the $0.2900 level to act as a solid support in the near term. To the upside, an initial resistance is near the $0.3050 level, followed by $0.3080. The main resistance is close to the $0.3100 level, above which buyers are likely to gain strength.

Looking at the chart, ripple price seems to be placed nicely above the $0.3000 support. However, a proper break above $0.3040 and $0.3050 is needed for more gains. In the short term, there could be a few bearish moves, but the price is likely to gain pace above $0.3050 and $0.3080
Technical Indicators
Hourly MACD – The MACD for XRP/USD is gaining momentum in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently just placed well above the 60 level.
Major Support Level – $0.2990
Major Resistance Level – $0.3080
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Ethereum Price Analysis: ETH Rallies Above Key Resistance, Next Target $145

ETH price gained strength above the $125 and $130 resistance levels against the US Dollar.
There was a proper close above the $130 resistance level and the 100 hourly simple moving average.
There is a key bullish trend line in place with support at $128 on the hourly chart of ETH/USD (data feed via Kraken).
The price is likely to continue higher and the next targets for buyers could be $140 and $145.

Ethereum price is gaining strength above key levels against the US Dollar and bitcoin. ETH/USD is placed nicely above $130 and it could accelerate towards $145 in the near term.
Ethereum Price Analysis
In the past few sessions, there was a solid upward move from the $120 swing low in ETH price against the US Dollar. The ETH/USD pair gained strength and broke many important resistances such as $125 and $130. There was a proper close above the $130 resistance level and the 100 hourly simple moving average. Recently, there was a tiny bearish reaction from the $130 resistance, but the $124 level acted as a solid support. The price rallied and broke the $130 and $132 resistances. A new monthly high was formed near $135, with bullish moves.
After testing the $135 resistance, there was a minor downside correction. ETH dipped below the $133 level, but the $132 level acted as a support. Moreover, the 23.6% Fib retracement level of the recent wave from the $123 low to $135 high acted as a support. On the downside, there seems be a lot of supports forming near the $130 and $129 levels. Besides, the 50% Fib retracement level of the recent wave from the $123 low to $135 high is also near the $129 level.
More importantly, there is a key bullish trend line in place with support at $128 on the hourly chart of ETH/USD. Therefore, if the pair corrects lower in the short term, there could be a strong buying interest near the $129 and $130 levels.

Looking at the chart, ETH price is gaining strength above the $132 resistance levels. It will most likely break the $135 level and extend gains in the coming sessions. The next target for buyers could be $140, followed by the $145 pivot level. On the downside, the main support is near $130, below which the price may perhaps test the $125 support zone.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is placed heavily in the bullish zone, with a positive bias.
Hourly RSI – The RSI for ETH/USD is currently near the overbought levels, with no major correction signal.
Major Support Level – $132, followed by $130
Major Resistance Level – $135 and $140
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Bitcoin Price Weekly Analysis: BTC Signaling Bullish Continuation, $4K Incoming?

Bitcoin price started a downside correction after a sharp move towards $3,750 against the US Dollar.
The price corrected lower and tested the $3,540-3,530 support area, where buyers emerged.
Later, there was a break above a key bullish flag with resistance near $3,570 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair is placed nicely in a positive zone and it could continue to move higher towards $3,650 and $3,800.

Bitcoin price is slowly gaining bullish momentum against the US Dollar. BTC/USD remains in a decent uptrend, with high chances of a bull run towards the $4,000 resistance in the near term.
Bitcoin Price Analysis
Recently, bitcoin price spiked sharply from the $3,350 support area against the US Dollar. The BTC/USD pair rallied and broke the $3,500 and $3,600 resistance levels. There was also a break above $3,700 level and the 100 simple moving average (4-hours). Buyers pushed the price towards the $3,750 level and a new monthly high was formed near the $3,745 level. Finally, the price started a downside correction and traded below the $3,700 level. There was even a break below the $3,650 level, but the price remained well above the 100 simple moving average (4-hours).
During the decline, the price broke the 23.6% Fib retracement level of the last wave from the $3,343 low to $3,744 high. The price traded below the $3,600 level, but buyers appeared near the $3,540-3,530 support area. Moreover, the 50% Fib retracement level of the last wave from the $3,343 low to $3,744 high also acted as a support. A new support base was formed near $3,340 before the price moved higher. Recently, there was a break above a key bullish flag with resistance near $3,570 on the 4-hours chart of the BTC/USD pair. The pair is now placed nicely above the $3,550 level, with a bullish angle.
On the upside, an initial resistance is near the $3,600 level, above which there are chances of more gains. The main resistance is near the $3,750 level, followed by $3,800. If buyers remain in action, the price could even test the $4,000 barrier.

Looking at the chart, BTC price is showing positive signs above the $3,550 level. Should bitcoin fail to gain pace above the $3,600 level, there could be a bearish reaction. An initial support is at $3,540, below which the price could test the $3,500 support area.
Technical indicators
4 hours MACD – The MACD for BTC/USD is slowly moving in the bullish zone.
4 hours RSI (Relative Strength Index) – The RSI for BTC/USD is currently placed above the 50 level.
Major Support Level – $3,540
Major Resistance Level – $3,600
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