Bitcoin (BTC) Trend Overwhelmingly Positive As Bulls Eye $5,400

Bitcoin price formed a double bottom pattern near $4,940 and climbed higher against the US Dollar.
Bulls pushed the price above the key $5,150 and $5,160 resistance levels.
Yesterday’s highlighted major bearish trend line was breached at $5,110 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is currently trading in a positive zone and it could continue to rise towards $5,350 or $5,400.

Bitcoin price rebounded sharply above $5,200 against the US Dollar. BTC is back in a decent uptrend and it seems like it could climb towards the key $5,400 resistance area.
Bitcoin Price Analysis
Yesterday, bitcoin price revisited the $4,940 support area against the US Dollar. The BTC/USD pair found a strong buying interest near $4,940 and later started a decent upward move. It seems like the price formed a double bottom pattern near $4,940, which is a positive sign. It broke the $5,100 resistance and the 100 hourly simple moving average to start a solid upward move. Besides, there was a break above the 50% Fib retracement level of the last drop from the $5,186 high to $4,943 low.
More importantly, yesterday’s highlighted major bearish trend line was breached at $5,110 on the hourly chart of the BTC/USD pair. Finally, there was a break above the key $5,150-5,160 resistance area (the previous support). It opened the doors for more gains and the price traded above $5,200 and $5,250. A new weekly high was formed at $5,275 and the price is currently consolidating gains. An initial support is near $5,200 and the 23.6% Fib retracement level of the recent wave from the $4,943 low to $5,275 high.
However, the main support is near the $5,150-5,160 area (the previous resistance). Below $5,150, the price could test the $5,100 support area and the 100 hourly simple moving average. The 50% Fib retracement level of the recent wave from the $4,943 low to $5,275 high is also near the $5,109 level. Therefore, dips from the current levels remain well supported near $5,160 and $5,100.

Looking at the chart, bitcoin price clearly jumped back in a positive zone above $5,160. In the short term, there could be a downside correction, but the bulls are likely to defend $5,160 or $5,100. On the upside, an initial resistance is near the $5,275 level, above which the price might test $5,300. Any further gains is likely to set the pace for a push towards the $5,400 level.
Technical indicators:
Hourly MACD – The MACD is placed nicely in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD jumped above the 60 level and it is currently correcting lower.
Major Support Levels – $5,160 followed by $5,100.
Major Resistance Levels – $5,275, $5,300 and $5,400.
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Crypto Market Primed For Lift-Off: Bitcoin Cash, Litecoin (LTC), TRX, ADA Analysis

The total crypto market cap stayed above the key $160.0B support and climbed towards $170.0B.
Litecoin (LTC) price recovered recently and moved above the $80 resistance.
Bitcoin cash price extended gains and it could move higher towards the $320 level.
Tron (TRX) price is currently consolidating above the key $0.0260 support area.
Cardano (ADA) price must break the $0.0850 resistance to start a decent upward move.

The crypto market cap is up more than $4 billion, with positive moves in bitcoin (BTC) and Ethereum (ETH). Ripple, litecoin (LTC), bitcoin cash, TRX, XLM and ADA are likely to extend gains.
Bitcoin Cash Price Analysis
Bitcoin cash price started a strong upward move after BSV’s nasty drop against the US Dollar. The BCH/USD pair broke the $300 resistance level to move into a positive zone. The price gained traction and it recently moved above the $310 resistance area.
If the price continues to move higher, it could even surpass the $320 resistance level. On the other hand, if there is a downside correction, the price may perhaps test the $305 support area.
Litecoin (LTC), Tron (TRX) and Cardano (ADA) Price Analysis
Litecoin price traded close to the $75 support area and recently rebounded above $78. LTC even broke the $80 resistance and it is currently trading in a positive zone. On the upside, an immediate resistance is at $82, above which the price is likely to rise towards the $85 resistance area.
Tron price remained under pressure earlier this week and traded below the $0.0272 support. TRX price traded close to the $0.0260 support level and it is currently consolidating. On the upside, a break above $0.0270 and $0.0272 is must for a decent upward move.
Cardano price recovered above the $0.0800 resistance level. ADA price is currently trading above the $0.0820 level, with many resistances near the $0.0840 and $0.0850 levels. On the downside, the main support is at $0.0800, below which the price could test $0.0780.

Looking at the total cryptocurrency market cap 4-hours chart, the $158.0 and $160.0B support levels proved significant. The market cap stayed above the $160.0B support and a major bullish trend line. It recovered above the $165.0B level and tested the main resistance near $170.0B and the 50% Fib retracement level of the last decline from the $179.9B high to $158.0B low. On the downside, the main supports are $165.0B and $164.0B. Below the trend line, the market cap could revisit the $160.0B support. On the upside, a clear break above the $170.0B resistance is likely to open the doors for more gains in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, TRX, XMR, XLM and other altcoins in the near term.
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Ripple (XRP) Price Approaching Key Resistance, Can Buyers Make It?

Ripple price traded as low as $0.3134 and recently corrected higher against the US dollar.
The price broke the $0.3200 resistance area, but it is still below the key $0.3280 resistance.
Yesterday’s highlighted key bearish trend line is intact with resistance near $0.3280 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair must break the trend line and $0.3300 to move into a positive zone.

Ripple price managed to recover a few points against the US Dollar, similar to bitcoin. XRP is currently trading above the $0.3200 level and it could attempt to break the $0.3280 resistance area.
Ripple Price Analysis
Recently, there was a downside extension below the $0.3200 support in ripple price against the US Dollar. The XRP/USD pair even traded below the $0.3150 level and formed a new weekly low at $0.3134. Later, the price started an upside correction above the $0.3140 and $0.3150 resistance levels. Buyers gained traction above the $0.3200 resistance and the 50% Fib retracement level of the last drop from the $0.3325 high to $0.3134 low.
It opened the doors for more gains and the price traded towards the $0.3260 level and 100 hourly simple moving average. However, the price struggled to stay above the 61.8% Fib retracement level of the last drop from the $0.3325 high to $0.3134 low. Moreover, yesterday’s highlighted key bearish trend line is intact with resistance near $0.3280 on the hourly chart of the XRP/USD pair. Sooner or later, the pair could make an attempt to surpass the trend line and $0.3285.
If buyers succeed in clearing the $0.3280 resistance area, there are chances of a solid upward move above the $0.3300 level. The next key resistance is at 1.236 Fib extension level of the last drop from the $0.3325 high to $0.3134 low at $0.3372. On the other hand, if the price fails to move above the $0.3280 resistance, there could be fresh decline. On the downside, an initial support is at $0.3200, below which the price could trade towards the $0.3160 and $0.3150 levels.

Looking at the chart, ripple price is currently showing positive signs above $0.3200. Having said that, a proper close above $0.3280 and $0.3300 is must for more gains in the near term. If bulls continue to struggle near $0.3280, there could be another bearish reaction below $0.3200 in the coming sessions.
Technical Indicators
Hourly MACD – The MACD for XRP/USD seems to be struggling to stay in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently moving lower towards the 50 level.
Major Support Levels – $0.3200, $0.3150 and $0.3130.
Major Resistance Levels – $0.3280, $0.3300 and $0.3370.
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Ethereum (ETH) Price Smashes Resistance, $175 Could Be Next

ETH price formed a solid support near $155 and recovered nicely against the US Dollar.
The price gained traction above the $162 resistance and the 100 hourly simple moving average.
Yesterday’s highlighted key bearish trend line was breached at $164 on the hourly chart of ETH/USD (data feed via Kraken).
The pair accelerated towards the $168 level and it may continue to rise towards the $175 level.

Ethereum price started a fresh upward move versus the US Dollar, with positive moves in bitcoin. ETH is likely preparing for more gains and it could reach the $175 resistance.
Ethereum Price Analysis
Recently, we saw an extended downside correction below the $160 level in Ethereum price against the US Dollar. The ETH/USD pair tested the $155 level and settled below the 100 hourly simple moving average. However, the $155 level acted as a strong support and later the price started a fresh increase. Bulls gained traction above the $160 resistance and the 50% Fib retracement level of the last drop from the $170 high to $155 low.
More importantly, yesterday’s highlighted key bearish trend line was breached at $164 on the hourly chart of ETH/USD. The pair rallied above the $162 level and the 100 hourly SMA. Besides, there was a break below the 61.8% Fib retracement level of the last drop from the $170 high to $155 low. The price traded close to the $170 resistance area and formed a high near $168. It is currently consolidating gains above the broken trend line and the 100 hourly SMA. An immediate support is $165 and the 23.6% Fib retracement level of the recent wave from the $155 low to $168 high.
On the upside, a break above the $168 and $170 resistance levels may open the doors for more gains. The next stop for buyers could be $175, where sellers could appear. Having said that, if there is an upside break above $175, the price could continue to accelerate towards the $180 resistance.

Looking at the chart, Ethereum price is showing positive signs above the $165 and $162 support levels. In the short term, there might be range moves above the $162 support. If there is an extended correction, the price could test the 50% Fib retracement level of the recent wave from the $155 low to $168 high. Finally, the price is likely to clear the $170 resistance to test $175.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD moved back in the bullish zone, with positive signs.
Hourly RSI – The RSI for ETH/USD bounced back above 50 and it is currently near the 60 level.
Major Support Level – $162
Major Resistance Level – $170
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Bitcoin Price Prediction: BTC Bulls Waiting On Sidelines To Go Big

Bitcoin price struggled to break the $5,190-5,200 resistance area and declined against the US Dollar.
The price revisited the $4,940 support area and recently rebounded above $5,000.
There is a crucial bearish trend line forming with resistance at $5,110 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could struggle in the short term, but bulls remain in control above $4,900.

Bitcoin price is showing a few signs of weakness against the US Dollar. However, BTC bulls are likely to protect dips near the $4,940 and $4,900 support levels in the near term.
Bitcoin Price Analysis
Yesterday, we saw a steady rise from the $4,940 support in bitcoin price against the US Dollar. The BTC/USD pair climbed above the $5,100 and $5,160 resistance levels. There was also a break above the $5,180 level, but the price struggled near the $5,190 resistance area (the previous support). Besides, it failed to surpass the 50% Fib retracement level of the last slide from the $5,465 high to $4,920 low. There was a topping pattern formed and the price declined below the $5,100 and $5,000 support levels.
It revisited the $4,940 support area and traded as low as $4,943. Recently, it rebounded higher and traded above the $5,000 resistance. Besides, bulls pushed the price above the $5,050 level and the 50% Fib retracement level of the recent drop from the $5,190 high to $4,943 low. However, the price is facing a strong resistance near the $5,090 level and the 100 hourly simple moving average. Besides, the 61.8% Fib retracement level of the recent drop from the $5,190 high to $4,943 low is also a hurdle.
More importantly, there is a crucial bearish trend line forming with resistance at $5,110 on the hourly chart of the BTC/USD pair. Above the trend line, the main resistance for bitcoin buyers is near the $5,190-5,200 zone. Therefore, it won’t be easy for bulls to gain traction above the $5,100 resistance in the short term.

Looking at the chart, bitcoin price might face offers near the $5,100 and $5,110 levels. If it breaks the $5,110 resistance, it may retest the $5,200 resistance zone. If not, there is a chance of another downside push towards the $4,940, $4,920 and $4,900 support levels. A significant decline below $4,900 is very unlikely and bulls could buy big if there is a dip towards $4,900 or even $4,850.
Technical indicators:
Hourly MACD – The MACD is slowly moving back in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD recovered above 40, but it is still below 50.
Major Support Levels – $5,000 followed by $4,940.
Major Resistance Levels – $5,090, $5,110 and $5,190.
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Crypto Market Near Decisive Support: Bitcoin Cash, Litecoin (LTC), EOS, XLM Analysis

The total crypto market cap is currently above the key $160.0B support area.
Litecoin (LTC) price is down more than 5% and it recently broke the $80.00 support zone.
Bitcoin cash price performed really well after BSV was delisted from binance.
EOS price failed to hold gains and traded below the $5.45 and $5.40 support levels.
Stellar (XLM) price is correcting lower and it is likely to test the $0.1100 support area.

The crypto market cap is near a crucial support near $160.0B, If its holds, there could be a rebound in bitcoin (BTC), Ethereum (ETH), litecoin, ripple, bitcoin cash, EOS, tron (TRX), stellar (XLM), and other altcoins.
Bitcoin Cash Price Analysis
Bitcoin cash price climbed higher recently and settled above the $300 support area against the US Dollar. The BCH/USD pair gained traction after a major cryptocurrency exchange, binance decided to delist bitcoin SV. There was a sharp upward move in BCH/USD and the price surged above the $310 level.
There are many positive signs on the charts and it seems like the price may continue to rise towards the $320 and $325 levels in the near term. On the downside, the main supports are $300 and $295.
Litecoin (LTC), EOS and Stellar (XLM) Price Analysis
Litecoin price struggled to gain momentum above the key $82 and $84 levels. LTC started a fresh downward move and broke the $80 support. The price is down more than 5% and it is currently trading near $78. If there are more losses, the price may revisit the $75 support area.
EOS price traded above the $5.40 level recently, but it failed to clear the $5.55 resistance area. As a result, there was a fresh decline and the price broke the $5.40 support area. The next key support is at $5.35, below which there is a risk of a push towards the $5.30 support area.
Stellar price remained in a bearish zone and it recently traded below the $0.1150 support level. XLM price is likely to extend the current decline towards the $0.1100 support area, where buyers are likely to emerge.

Looking at the total cryptocurrency market cap hourly chart, there was a decent recovery from the $158.0B and $160.0B support levels. The market cap climbed above the $165.0B level, but it failed to overcome the $170.0B resistance. There was a bearish reaction and the market cap declined towards the $160.0B support and a connecting bullish trend line. As long as the market cap is above the trend line and $158.0B, it could climb higher. Conversely, a downside break below $158.0B might increase selling pressure on bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, ADA, BNB, TRX and other altcoins in the coming sessions.
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Ripple (XRP) Price Could Retest $0.3000 Before Fresh Upside

Ripple price failed near the $0.3370 level and declined below the $0.3250 support against the US dollar.
The price traded to a new weekly low at $0.3134 and remains at a risk of more losses in the short term.
There is a major bearish trend line formed with resistance near $0.3285 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could extend the current decline and it may even revisit the key $0.3000 support area.

Ripple price failed to gain bullish momentum against the US Dollar and bitcoin. XRP declined below $0.3220 and it may continue to decline towards $0.3000 before completing a correction.
Ripple Price Analysis
Yesterday, we saw a strong buying interest above $0.3200 and ripple price recovered above $0.3280 against the US Dollar. The XRP/USD pair even broke the $0.3350 level, but it failed to clear the $0.3370 level. It seems like the price struggled to settle above the $0.3350 level and the 100 hourly simple moving average. As a result, there was a fresh decline below $0.3280 and $0.3250. The price even broke the $0.3220 and $0.3200 support levels. A new weekly low was formed at $0.3134 and the price settled well below the 100 hourly simple moving average.
At the moment, the price is correcting higher above $0.3150. It broke the 23.6% Fib retracement level of the recent decline from the $0.3326 high to $0.3134 low. However, there are many resistances on the upside, starting with $0.3220 and $0.3230. The 50% Fib retracement level of the recent decline from the $0.3326 high to $0.3134 low is also near $0.3230. Above $0.3230, the 100 hourly SMA could prevent gains above $0.3250. There is also a major bearish trend line formed with resistance near $0.3285 on the hourly chart of the XRP/USD pair.
Therefore, the price is likely to struggle between $0.3250 and $0.3280 in the short term. If bulls fail to surpass the trend line and $0.3300, there are chances of a fresh decline. An initial support is near the recent low at $0.3130, below which the price may revisit the $0.3100 level. However, the main support is at $0.3000, where buyers are likely to appear.

Looking at the chart, ripple price is showing bearish signs below the $0.3250 and $0.3280 levels. A clear break and close above $0.3300 is needed for a change in trend to bullish in the near term.
Technical Indicators
Hourly MACD – The MACD for XRP/USD might move back in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD recovered recently from 25 and it is currently at 40.
Major Support Levels – $0.3130, $0.3100 and $0.3000.
Major Resistance Levels – $0.3250, $0.3280 and $0.3300.
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Ethereum (ETH) Bulls Are Not out of Woods Yet

ETH price failed to clear the $170 resistance and extended losses against the US Dollar.
The price declined to a new weekly low at $155 before correcting above the $160 level.
There is a key bearish trend line in place with resistance at $166 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could dip again, but buyers are likely to take a strong stand near $155 or $150.

Ethereum price extended losses recently versus the US Dollar and bitcoin. ETH might remain under pressure in the short term, but it will most likely bounce back from $155 or $150.
Ethereum Price Analysis
Yesterday, we saw a decent rebound in Ethereum price above the $165 and $166 levels against the US Dollar. The ETH/USD pair even tested the $170 level, where sellers emerged and protected more upsides. There was a topping pattern formed near $170 and later the price started a fresh decline. It broke the $165 and $160 support levels to enter a bearish zone. The decline was such that the price even broke the last swing low at $160 and settled below the 100 hourly simple moving average.
A new weekly low was formed at $155 before the price started a fresh rebound. It recovered above the $160 level and the 23.6% Fib retracement level of the recent decline from the $170 high to $150 low. An immediate resistance is near the $162-163 area. It represents the 50% Fib retracement level of the recent decline from the $170 high to $150 low. Besides, there is a key bearish trend line in place with resistance at $166 on the hourly chart of ETH/USD.
Therefore, if the price corrects higher above $163, it could face sellers near the $166 level. If bulls fail to push the price above the $166 resistance, there could be another decline. On the downside, there are two important supports near $155 and $150. As long as the price is above these supports, there could be a strong comeback above $165 and $170 in the coming days.

Looking at the chart, Ethereum price is showing a few bearish signs below $166 and $170. Therefore, there are high chances of a downside push towards the $155 and $150 levels before a fresh increase. On the upside, a break above the trend line resistance might lead the price towards the $170 resistance area.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is currently placed in the bearish zone, with negative signs.
Hourly RSI – The RSI for ETH/USD bounced back above 35, but it is well below the 50 level.
Major Support Level – $155
Major Resistance Level – $166
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Bitcoin (BTC) Price Primed For Gains With Bullish Sentiment On Rise

Bitcoin price fund a strong support near the $4,920 level and later recovered against the US Dollar.
The price broke the $5,120 resistance level to move into a positive zone.
There was a break above a key bearish trend line with resistance at $5,080 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is now trading nicely above the $5,150 level and the 100 hourly simple moving average.

Bitcoin price rebounded nicely above $5,100 against the US Dollar. BTC is currently showing positive signs and a break above $5,200 is likely to accelerate gains above $5,250 in the near term.
Bitcoin Price Analysis
This past week, we saw a major downside correction below $5,200 in bitcoin price against the US Dollar. The BTC/USD pair even broke the $5,000 level and traded as low as $4,920. Later, the price consolidated in a range and formed a decent support above the $4,950 level. Finally, the price started a fresh increase and traded above the $5,040 and $5,120 resistance levels. Buyers gained traction and pushed the price above the $5,150 level and the 100 hourly simple moving average.
Besides, the price broke the 23.6% Fib retracement level of the last drop from the $5,464 high to $4,920 low. More importantly, there was a break above a key bearish trend line with resistance at $5,080 on the hourly chart of the BTC/USD pair. The pair is now trading nicely above the $5,150 level and the 100 hourly simple moving average. It traded close to the $5,200 resistance and the 50% Fib retracement level of the last drop from the $5,464 high to $4,920 low.
A break above the $5,200 level is needed for more gains. The next key resistance could be $5,255 and the 61.8% Fib retracement level of the last drop from the $5,464 high to $4,920 low. A successful close above the $5,260 level might open the doors for a strong rise towards the $5,330 level. On the downside, the recent resistance at $5,120 is likely to act a solid support.

Looking at the chart, bitcoin price clearly climbed into a positive zone above the $5,120 level and the 100 hourly SMA. Dips from the current levels are likely find a strong buying interest above $5,100. On the upside, a break above the $5,200 and $5,260 levels could really boost the market sentiment in favor of buyers in the near term.
Technical indicators:
Hourly MACD – The MACD is currently placed nicely in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now well above the 50 level and is correcting lower.
Major Support Levels – $5,150 followed by $5,120.
Major Resistance Levels – $5,200, $5,260 and $5,330.
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Crypto Market Starts Fresh Increase: EOS, Bitcoin Cash, TRX, ADA Price Analysis

The total crypto market cap stayed above the $158.0B support and climbed above $165.0B.
EOS price is climbing higher and it recently broke the $5.40 and $5.50 resistance levels.
Bitcoin cash price is back above the $300 resistance with a positive structure.
Tron (TRX) price found support near the $0.0260 level and recently recovered higher.
Cardano (ADA) price is slowly moving higher towards the $0.0900 resistance level.

The crypto market started a fresh increase, with bullish moves in bitcoin (BTC) and Ethereum (ETH). EOS, BCH, ripple, tron (TRX), ADA, BNB and other altcoins are slowly moving higher.
Bitcoin Cash Price Analysis
Recently, we saw a downside correction in bitcoin cash price below the $280 level against the US Dollar. The BCH/USD pair tested the $260 support and recently recovered. It broke the $290 and $300 resistance levels to move back in a positive zone.
The price is currently trading with a positive bias and it may continue to rise towards the $305 and $310 resistance levels. If there is another correction, the price might find bids near the $295 or $290 support.
EOS, Tron (TRX) and ADA Price Analysis
EOS price recovered nicely after it settled above the $5.25 resistance area. The price gained traction above $5.40 and climbed more than 4%. It is currently trading with a positive angle above the $5.50 level and it may continue to rise towards the $5.60 and $5.65 resistance levels.
Tron price corrected lower this past week below the $0.0285 and $0.0290 support levels. TRX price tested the $0.0260 support area, where buyers emerged. Recently, the price recovered and moved above the $0.0270 level. It could gain pace if bulls clear the $0.0275 and $0.0280 resistance levels.
Cardano price is currently trading nicely above the $0.0800 support level. ADA price is up around 2% and it moved above the $0.0840 level. The current price action is positive and it seems like the price might climb higher towards the $0.0900 resistance level. The main resistance is at $0.1000, where sellers struggled this past week.

Looking at the total cryptocurrency market cap hourly chart, there was a sharp downside correction from the $180.0B area. The market cap declined below the $170.0B support and tested the next key support near the $160.0B level. A swing low was formed at $158.0B and later there was a fresh increase. The current structure is positive since the market cap moved above the $160.0B and $165.0B levels. An immediate resistance is near the $170.0B level, above which the market cap could move higher towards the $174.B level. On the downside, there are many supports near the $160.0B level. Therefore, dips remain supported in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA and other altcoins.
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Ethereum (ETH) Price Showing Positive Signs Above 100 SMA

ETH price declined towards the $160 support against the US Dollar, where buyers took a stand.
The price recently recovered and traded above the $165 and $166 resistance levels.
There was a break above a contracting triangle with resistance at $164 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is currently gaining momentum above $165 and it is placed nicely above the 100 hourly SMA.

Ethereum price gained traction from the recent lower versus the US Dollar and bitcoin. ETH is trading with a positive bias above $164 and it may continue to rise towards $172 and $174.
Ethereum Price Analysis
This past week, we saw a major downside correction below the $170 support in Ethereum price against the US Dollar. The ETH/USD pair declined below the $165 support and tested the next key support at $160. Buyers appeared and protected further losses below $160. A support base was formed and recently the price recovered above the $165 resistance. There was a break above the 23.6% Fib retracement level of the last decline from the $185 high to $160 low.
More importantly, there was a break above a contracting triangle with resistance at $164 on the hourly chart of ETH/USD. The pair also settled above the $165 resistance and the 100 hourly simple moving average. The price tested the $170 level and it is currently placed nicely above the $165 level. An immediate resistance is near the $172 level. It represents the 50% Fib retracement level of the last decline from the $185 high to $160 low. If there are further gains, the price could test the $174 resistance area (the previous support).
The current price action is positive and if there is a minor decline, the price could test the $165 support. The 100 hourly SMA and the $165 support area likely to act as a strong buy zone. Below $165, the price could revisit the $160 swing low. On the upside, a clear break above the $174 level is must for a push towards $182 and $185.

Looking at the chart, Ethereum price is showing positive signs above the $165 level and the 100 hourly SMA. As long as the price stays above $165, there are chances of more gains above the $172 and $174 resistance levels in the coming sessions. However, there could be a strong selling interest near the $172 or $174 resistance, and the price might correct lower again.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is gaining pace in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now well above the 60 level, with a bullish angle.
Major Support Level – $165
Major Resistance Level – $174
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Bitcoin Price (BTC) Uptrend Intact & Dips Remain Attractive To Buyers

A fresh yearly high was formed at $5,465 before bitcoin corrected lower against the US Dollar.
The price started a downside correction and traded below the $5,200 support level.
There was a break below a major bullish trend line with support at $5,200 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair tested the $4,950 support area and it seems like there are many supports on the downside.

Bitcoin remains in a strong uptrend despite the recent correction below $5,200 against the US Dollar. BTC is likely to find buyers near soon and it could bounce back above $5,150.
Bitcoin Price Weekly Analysis (BTC)
There was a steady rise in bitcoin above the $5,350 level this past week against the US Dollar. The BTC/USD pair even broke the $5,450 level and traded to a new yearly high at $5,465. Later, there was a downside correction and the price broke the $5,400 and $5,350 support levels. Sellers gained pace once the price broke the key $5,200 support area. There was even a break below the 50% Fib retracement level of the last wave from the $4,702 low to $5,465 high.
Moreover, there was a break below a major bullish trend line with support at $5,200 on the 4-hours chart of the BTC/USD pair. Sellers pushed the price below the $5,000 level and the price tested the $4,950 support area. Besides, there was a test of the 76.4% Fib retracement level of the last wave from the $4,702 low to $5,465 high. Recently, the price recovered above the $5,050 level, but it faced a strong resistance near the $5,130 level. The stated $5,130 level was a support earlier and now it is acting as a hurdle for buyers.
It seems like there might be another downside push towards the $4,950 or $4,900 support levels before the price starts a fresh increase. The $4,800 level is also a strong support since it is a pivot area and coincides with the 100 simple moving average (4-hours). Therefore, if there are more downsides, the price is likely to remain supported near $4,900 or $4,800.

Looking at the chart, bitcoin is clearly trading in an uptrend as long as it is above $4,800 and the 100 simple moving average (4-hours). If there is a close below the 100 SMA, the price could decline towards the $4,500 level. Conversely, the price is likely to bounce back above $5,150 and $5,200 in the near term.
Technical indicators
4 hours MACD – The MACD for BTC/USD is about to move into the bullish zone.
4 hours RSI (Relative Strength Index) – The RSI for BTC/USD is placed just below the 50 level.
Major Support Level – $4,900
Major Resistance Level – $5,150
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Ethereum (ETH) Price Approaching Significant Support

ETH price started a downside correction after testing the $188 level against the US Dollar.
The price declined below the $174 and $165 support levels to move into a short term bearish zone.
There is a crucial bullish trend line forming with support at $155 on the 4-hours chart of ETH/USD (data feed via Kraken).
The pair could decline further towards the $155 support before it could bounce back.

Ethereum price started a major downside correction versus the US Dollar and bitcoin. ETH is currently under pressure and it seems like the price could test the $155 support before higher.
Ethereum Price Weekly Analysis
This past week, Ethereum price traded towards the $185 and $188 resistance levels against the US Dollar. The ETH/USD pair faced a strong selling interest near the $185 resistance zone, resulting in a bearish reaction. The price started a downside correction and broke the key $174 support area. There was a break below the $170 level and the 50% Fib retracement level of the last wave from the $154 swing low to $188 swing high.
It opened the doors for more losses and the price declined below the $165 support. It tested the $162 support area and the 100 simple moving average (4-hours). Besides, the 76.4% Fib retracement level of the last wave from the $154 swing low to $188 swing high. On the downside, there is a crucial bullish trend line formed with support at $155 on the 4-hours chart of ETH/USD. The pair is likely to find a strong buying interest near the $155 and $156 support levels. It seems like there could be a final downside push towards the $155 level before the price could bounce back sharply.
On the upside, an initial resistance is near the $166 level, above which the price may revisit the $170 level. However, the main resistance is at $175, above which the price is likely to resume its upward move above $180 in the coming days. On the other hand, if the price fails to hold the $155 support area, there could be more losses in the near term.

The above chart indicates that Ethereum is approaching a few important supports levels near the $155 and $156 levels. As long as the price is trading above the $155 support, there are chances of a fresh increase above the $170 level. Below $155, the next immediate support is at $152, below which the price may test $144.
Technical Indicators
4 hours MACD – The MACD for ETH/USD is about to move back in the bullish zone.
4 hours RSI – The RSI for ETH/USD is currently positioned well below the 45 level.
Major Support Level – $155
Major Resistance Level – $170
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Crypto Market Could Bounce Back: Bitcoin Cash, Litecoin (LTC), EOS, XLM Analysis

The total crypto market cap is currently above the key $158.0B support area.
Litecoin (LTC) price declined below the $80.00 support, but it could find support near $75.00.
Bitcoin cash price is facing a strong resistance near the $280 and $285 levels.
EOS price is still consolidating above the $5.20 support area.
Stellar (XLM) price is slowly moving lower towards the key $0.1100 support area.

The crypto market could bounce back since bitcoin (BTC) and Ethereum (ETH) are holding key supports. There could be a decent rebound in litecoin, ripple, bitcoin cash, EOS, tron (TRX), stellar (XLM), and other altcoins.
Bitcoin Cash Price Analysis
Bitcoin cash price started a major downside correction below the $300 support area against the US Dollar. The BCH/USD pair declined below the $285 and $280 support levels. The price tested the $260 support area and it is currently correcting higher.
However, the previous support levels at $285 and $280 are acting as resistances. Above these, the price is likely to revisit the $300 resistance area. On the downside, the main supports are $270 and $260.
Litecoin (LTC), EOS and Stellar (XLM) Price Analysis
Litecoin price failed to stay above the key $82 and $80 support levels. LTC traded close to the $75 support area and it is currently consolidating gains. It must move back above the $82 and $85 levels to start a fresh upward move. On the downside, a break below $75 may push the price towards the $70 level.
EOS price broke the $5.50 support area and declined sharply towards the $5.00 support. Later, it recovered and it is currently consolidating above the $5.20 support levels. On the upside, there are many resistances near the $5.35 and $5.40 levels. On the downside, the price might revisit the $5.00 support if it fails to stay above $5.20.
Stellar price moved into a short term bearish zone, with a close below the $0.1200 support level. XLM price is trading below the $0.1150 and it seems like it may continue to move down towards the $0.1100 support area.

Looking at the total cryptocurrency market cap hourly chart, there was a sharp decline from the $180.0B resistance area. The market cap broke the $170.0B support area and tested the $158.0B support area. There is also a connecting bullish trend line in place with current support near the $160.0B level on the same chart. Therefore, as long as the market cap is above the $160.0B and $158.0B support levels, it is likely to bounce back. If not, there could be an extended decline below the recent lows in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, BNB, TRX and other altcoins in the coming sessions.
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Bitcoin (BTC) Price Signaling Bullish Continuation With Bulls In Control

Bitcoin price corrected lower recently and tested the $4,920 support area against the US Dollar.
The price recovered nicely recently and traded above the $5,040 and $5,100 resistance levels.
There is a major breakout pattern in place with resistance at $5,130 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is likely to accelerate higher and it could even surpass the $5,180 and $5,220 resistances.

Bitcoin price likely completed a downside correction near $4,900 against the US Dollar. BTC is grinding higher and the current price action is indicating bullish continuation above the $5,200 level.
Bitcoin Price Analysis
Recently, we saw a solid downside correction from the $5,460 swing high in bitcoin price against the US Dollar. The BTC/USD pair declined below the $5,300 and $5,200 support levels. There was even a close below the $5,200 level and the 100 hourly simple moving average. However, as discussed in one of the recent analysis, bitcoin did find a strong support near the $4.9K-5.0K zone. The price traded towards the $4,900 support and formed a low near the $4,922 level.
Recently, there was a solid upward move and the price recovered above the $5,000 and $5,040 resistance levels. There was even a close above the $5,080 level and the 23.6% Fib retracement level of the last decline from the $5,462 high to $4,922 low. The price is now approaching a significant resistance near the $5,150 level. Besides, the 100 hourly SMA is also positioned near the $5,160 level to act as a resistance. More importantly, there is a major breakout pattern in place with resistance at $5,130 on the hourly chart of the BTC/USD pair.
Above $5,160, the price could test the 50% Fib retracement level of the last decline from the $5,462 high to $4,922 low. If bitcoin gains pace above the $5,180 and $5,200 resistance levels, there could be a solid upward move towards the $5,300 and $5,350 levels. In the mentioned case, the crypto market could gain traction, with bullish moves in Ethereum, ripple, litecoin and others.

Looking at the chart, bitcoin price is showing signs of a solid comeback above $5,100. Having said that, bulls need to surpass the $5,180 and $5,200 resistance levels. If they fail, the price may decline once again below the $5,100 and $5,040 support levels. On the upside, the main target for bulls could be $5,350.
Technical indicators:
Hourly MACD – The MACD is slowly gaining momentum in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is back above the 50 level, with a bullish angle.
Major Support Levels – $5,040 followed by $5,000.
Major Resistance Levels – $5,150, $5,180 and $5,200.
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