Bitcoin (BTC) Price Turned Sell On Rallies Towards $9K

Bitcoin price is trading in a bearish zone below the $8,880 and $9,000 resistances against the US Dollar.
The price is struggling to recover and it is likely to face sellers towards $9,000.
Yesterday’s major bearish trend line is intact with resistance near $8,980 on the hourly chart of the BTC/USD pair (data feed from Kraken).
There are a few key supports on the downside near the $8,600 and $8,500 levels.

Bitcoin price is facing an increase in selling below $9,000 against the US Dollar. BTC might correct higher, but sellers remain in control near $8,880 and $9,000.
Bitcoin Price Analysis
Yesterday, there was a decent recovery in bitcoin above $8,850 and $8,900 against the US Dollar. Moreover, BTC climbed above the $9,000 resistance and the 100 hourly simple moving average.
However, the upward move was capped by the $9,150 resistance. A high was formed near $9,150 and the price started another decline. It broke many supports near the $9,000 and $8,900 levels.
Additionally, there was a close below $8,850 and the 100 hourly simple moving average. Finally, the price broke the $8,700 level and traded to a new monthly low near the $8,612 low.
It is currently correcting higher above the $8,700 level. Besides, bitcoin is trading above the 23.6% Fib retracement level of the recent decline from the $9,150 high to $8,612 low. On the upside, there are many resistances, starting with $8,800 and up to $9,000.
The first major resistance is near the $8,880 level and the 100 hourly SMA. It also represents the 50% Fib retracement level of the recent decline from the $9,150 high to $8,612 low.
The main resistance on the upside is near the $9,000 level. More importantly, yesterday’s major bearish trend line is intact with resistance near $8,980 on the hourly chart of the BTC/USD pair. Therefore, bitcoin is likely to face a strong resistance near the $8,880 and $9,000 levels.
On the downside, an initial support is near the $8,680 level. The first key support is near the $8,600 level, below which there is a risk of an extended decline towards the $8,500 support area.
Bitcoin Price
Looking at the chart, bitcoin is showing signs of a short term upside correction above $8,700. Having said that, the bears are likely to protect gains near the $8,880 and $8,980 resistance levels. Only a close above $9,000 might start a strong recovery in the near term.
Technical indicators:
Hourly MACD – The MACD is struggling to gain strength in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently recovering towards the 50 level.
Major Support Levels – $8,600 followed by $8,500.
Major Resistance Levels – $8,880, $8,980 and $9,000.
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Crypto Market Cap & Bitcoin Declining: BCH, Litecoin, ADA, TRX Analysis

The total crypto market cap is struggling to stay above the $225.0B support area.
Bitcoin price is down around 3% and it is trading well below the $9,000 level.
Litecoin (LTC) price is declining, but it is still trading above the $60.00 support area.
BCH price failed to surpass the $300 resistance and is correcting lower towards $285.
Tron (TRX) price is slowly declining towards the $0.0185 support area.
Cardano (ADA) price is trading in a range above the $0.0420 support area.

Bitcoin (BTC) and the crypto market cap are currently under pressure. Ethereum (ETH), LTC, BCH, EOS, cardano, ripple, TRX, XLM and BNB might extend losses.
Bitcoin Cash Price Analysis
Bitcoin cash price made a few attempts to climb above the $300 resistance area against the US Dollar. However, the BCH/USD pair failed to gain momentum above $300 and recently started a fresh decline. It is currently trading below $292 and it seems to be approaching the $285 support area.
If there is a downside break below the $285 and $280 support levels, the price could extend its decline towards the $265 support. On the upside, the $295 and $300 levels are decent hurdles for the bulls.
Cardano (ADA), Litecoin (LTC) and Tron (TRX) Price Analysis
Litecoin price is facing a strong resistance near the $64.50 and $65.00 levels. On the downside, there are many key supports near the $61.00 and $60.00 levels. Therefore, a downside break below $60.00 could start a major decline in the coming sessions.
Tron price is struggling to clear a major resistance near the $0.0200 level. TRX price is currently declining and is slowly moving towards the $0.0185 support. On the upside, the $0.0200 and $0.0205 are important hurdles, above which the price could revisit $0.0220.
Cardano price is currently consolidating above the $0.0420 support area. On the upside, the $0.0445 and $0.0450 levels are strong resistances. A successful close above $0.0450 is needed for a decent upward move. If not, the price might decline below the $0.0420 support area.
Crypto Market Cap
Looking at the total cryptocurrency market cap 4-hours chart, there was a downward move from the $240.0B and $242.0B resistance levels. The market cap declined below the $235.0B and $230.0B support levels. At the moment, it seems like the market cap is struggling to recover and also finding hard to hold the $225.0B support.
Therefore, there is a risk of more downsides in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, TRX, ICX, XLM and other altcoins in the near term. Conversely, a break above the $235.0B and $240.0B resistance levels is needed for a decent rise in the coming sessions.
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Bitcoin (BTC) Price Rebound Facing Key Resistance Near $9,100

Bitcoin price started an upside correction from the $8,674 swing low against the US Dollar.
The price is up around 3%, but it is facing hurdles near the $9,100 and $9,150 levels.
There is a key bearish trend line forming with resistance near $9,100 on the hourly chart of the BTC/USD pair (data feed from Kraken).
On the downside, there is a decent support forming near the $8,860 levels.

Bitcoin price is currently correcting higher above $8,800 against the US Dollar. However, BTC is still facing a couple of key hurdles near $9,100 and $9,150.
Bitcoin Price Analysis
After a major decline, bitcoin found support near the $8,670 level against the US Dollar. A new monthly low was formed near $8,674 before the price started an upside correction.
The price recovered above the $8,800 and $8,900 levels. Moreover, there was a break above the $9,000 resistance area and the 100 hourly simple moving average. The bulls were able to gain strength, but they faced a strong selling interest near the $9,150 and $9,160 levels.
A high was formed near $9,146 and the price is currently retreating from the high. It broke the $9,000 support area and the 100 hourly SMA. Additionally, there was a break below the 23.6% Fib retracement level of the recent wave from the $8,674 low to $9,146 high.
An immediate support on the downside is near the $8,900 level. It represents the 50% Fib retracement level of the recent wave from the $8,674 low to $9,146 high. The main support is near the $8,860 and $8,840 levels.
More importantly, there is a connecting bullish trend line forming with support near $8,840 on the hourly chart of the BTC/USD pair. Finally, the 61.8% Fib retracement level of the recent wave from the $8,674 low to $9,146 high is near $8,854.
Therefore, a downside break below the $8,840 level might restart the decline in bitcoin. The next key support is near the $8,700 area, below which the price could revisit the $8,500 level.
On the upside, the price is facing hurdles near the $9,100 and $9,150 levels. Besides, there is a key bearish trend line forming with resistance near $9,100 on the same chart.
Bitcoin Price
Looking at the chart, bitcoin seems to be struggling to continue above $9,100. If it continues to struggle, there is a risk of another bearish wave below the $8,800 level in the near term.
Technical indicators:
Hourly MACD – The MACD is currently moving back into the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently declining and approaching the 50 level.
Major Support Levels – $8,900 followed by $8,840.
Major Resistance Levels – $9,100, $9,150 and $9,300.
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Bitcoin And Crypto Market Facing Hurdles: BCH, Tron, XLM, ADA Analysis

The total crypto market cap is currently correcting higher towards the $240.0B resistance.
Stellar (XLM) price is performing nicely and it is up more than 5% above the $0.0750 resistance.
Bitcoin cash price is likely to break the $300 resistance area in the near term.
Tron (TRX) price is facing hurdles near the key $0.0200 resistance area.
Cardano (ADA) price is consolidating below the key $0.0450 and $0.0465 resistance levels.

The crypto market cap and bitcoin (BTC) are correcting higher. Ethereum, BCH, ripple, stellar (XLM), EOS, TRX, and cardano (ADA) are trading near key resistances.
Bitcoin Cash Price Analysis
After a downside correction, BCH price found support near the $285 area against the US Dollar. As a result, the price started a fresh increase and traded above the $295 level. On the upside, an immediate resistance is near the $300 level, above which the price is likely to struggle near the $308 level.
On the downside, an initial support is near the $290 level. However, the main supports are near the $285 and $280 levels, below which the price could retest $265.
Stellar (XLM), Tron (TRX) and ADA Price Analysis
Stellar price is still following a bullish path above the $0.0700 support area. XLM price is up more than 5% today and it is trading nicely above the $0.0750 level. On the upside, an immediate resistance is near the $0.0795 and $0.0800 levels, above which the price could trade towards the $0.0820 level.
Tron price is currently consolidating below the $0.0200 resistance area. TRX price is likely to clear the $0.0200 resistance area and trade towards the $0.0212 and $0.0220 resistances. Conversely, it could retest the $0.0180 support area in the near term.
Cardano price is currently trading in a range above the $0.0420 support level. ADA price is facing a strong resistance near the $0.0450 level. If there is a clear break above the $0.0450 and $0.0465 resistance levels, the price could continue to rise towards the $0.0500 resistance area.
Looking at the total cryptocurrency market cap 4-hours chart, there was a decent recovery from the $225.0B support area. The market cap climbed back above the $232.0B level. However, it is facing a lot of hurdles near the $240.0B level. The main hurdle on the upside is near the $250.0B level.
Crypto Market Cap
Moreover, there is a connecting bearish trend line forming with resistance near the $242.0B level. Therefore, an upside break above $242.0B is needed for a decent upward move. If not, there are chances of another decline in bitcoin, Ethereum, EOS, stellar, LTC, ADA, EOS, ripple, TRX and other altcoins in the near term.
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Ethereum Price Weekly Forecast: ETH Holding Uptrend Support

ETH price declined recently below the $188 and $186 support levels against the US Dollar.
The price is still trading above the key $180 and $178 support levels.
There is a crucial bullish trend line forming with support near $180 on the 4-hours chart of ETH/USD (data feed via Kraken).
The pair could start a fresh increase as long as there is no daily close below the $178 support.

Ethereum price is currently holding a significant support against the US Dollar, while bitcoin is declining. ETH price is likely to rise towards $188 and $190.
Ethereum Price Weekly Analysis
This past week, Ethereum started a slow and steady decline from well above $190 against the US Dollar. More importantly, ETH traded below the key $188 support to move into a short term bearish zone.
Moreover, there was a break below the key $186 support area. Finally, the price spiked below the $182 support and the 100 simple moving average (4-hours). However, the bears failed to gain strength below $180.
As a result, Ethereum recovered above $182 and 100 simple moving average (4-hours). Besides, it traded above the 23.6% Fib retracement level of the downward move from the $194 swing high to $180 low.
The price even climbed above a connecting bearish trend line with resistance near $184 on the 4-hours chart of ETH/USD. At the moment, the price is consolidating above the $182 level and the 100 SMA.
An immediate resistance is near the $188 area (the previous support). Additionally, the 50% Fib retracement level of the downward move from the $194 swing high to $180 low is also near the $188 level.
Therefore, an upside break above the $188 resistance could push the price further higher. The next key resistance is near the $194 area. Any further upsides may perhaps set the pace for a break above the $200 barrier.
On the downside, there are many key supports near the $180 and $178 levels. Furthermore, there is a crucial bullish trend line forming with support near $180 on the same chart. Only a daily close below the $178 support could start another downward move towards the $160 level.
Ethereum Price
The above chart indicates that Ethereum price is clearly holding a couple of important uptrend supports near the $178 level. Thus, there are chances of a fresh increase above the $185 and $188 levels unless there is a clear break below $178.
Technical Indicators
4 hours MACD – The MACD for ETH/USD is about to move into the bullish zone.
4 hours RSI – The RSI for ETH/USD is currently below the 50 level, with a few bullish signs.
Major Support Level – $178
Major Resistance Level – $188
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Bitcoin (BTC) Price Weekly Forecast: More Downsides Likely

After consolidating above $9,000, bitcoin declined heavily against the US Dollar.
The price is currently trading in a bearish zone, with a close below $9,000 and $8,920.
There was a break below a major contracting triangle with support near $9,180 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The price is currently showing bearish signs and it could decline further towards $8,560 or $8,300.

Bitcoin price is trading in a downtrend below $9,000 against the US Dollar. BTC remains at a risk of more downsides towards $8,300 in the near term.
Bitcoin Price Weekly Analysis (BTC)
In the past few days, bitcoin consolidated in a range above the $9,000 support against the US Dollar. However, the bulls failed to protect losses, resulting in a downside break below the key $9,000 support area.
Additionally, there was a break below the 50% Fib retracement level of the upward move from the $7,317 low to $10,578 high. More importantly, there was a break below a major contracting triangle with support near $9,180 on the 4-hours chart of the BTC/USD pair.
It opened the doors for more losses below the $8,920 support and the 100 simple moving average (4-hours). The decline was strong and bitcoin even settled below the $8,800 level.
At the moment, the price is consolidating below the $9,000 and $8,900 levels. An immediate support is near the $8,600 and $8,560 levels. Moreover, the 61.8% Fib retracement level of the upward move from the $7,317 low to $10,578 high is near the $8,560 level.
If there are more downsides, the price could slide towards the $8,330 and $8,300 support levels. The mentioned $8,300 area acted as a resistance earlier and now it is likely to provide support.
Any further losses may push the price towards the $8,080 support. It represents the 76.4% Fib retracement level of the upward move from the $7,317 low to $10,578 high.
On the upside, the recent support area near the $9,000 level could act as a resistance. Besides, the 100 simple moving average (4-hours) is a major hurdle near the $9,100 level. Therefore, a successful close above $9,100 is needed for more gains in the near term.
Bitcoin Price
Looking at the chart, bitcoin price is clearly trading in a bearish zone below the $9,000 support and the 100 simple moving average (4-hours). Thus, there are high chances of more losses towards the $8,560 support or $8,300 pivot area.
Technical indicators
4 hours MACD – The MACD for BTC/USD is slowly losing pace in the bearish zone.
4 hours RSI (Relative Strength Index) – The RSI for BTC/USD is now well below the 40 level.
Major Support Level – $8,560
Major Resistance Level – $9,100
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Bitcoin (BTC) Price Showing Signs Of Bearish Continuation

Bitcoin price is struggling to rebound and declining below the $9,300 support against the US Dollar.
The price is likely to accelerate decline if it breaks the $9,120 support area.
There is a major bearish trend line forming with resistance near $9,240 on the hourly chart of the BTC/USD pair (data feed from Kraken).
Similarly, there were bearish moves in Ethereum and ripple in the past three sessions.

Bitcoin price is showing bearish signs below $9,300 and $9,240 against the US Dollar. BTC price could accelerate losses if it continues to struggle below $9,300.
Bitcoin Price Analysis
In the past few hours, there was a steady decline in bitcoin from the $9,440 high against the US Dollar. The last swing high was near $9,374 before the price declined below the $9,300 support area.
Moreover, there was a close below the $9,300 support and the 100 hourly simple moving average. Finally, the price spiked below the $9,120 support area and traded as low as $9,084.
It is currently correcting higher above the $9,120 level. Additionally, it surpassed the 50% Fib retracement level of the recent decline from the $9,374 high to $9,084 low.
However, the price is facing a lot of hurdles on the upside near the $9,240 and $9,300 levels. More importantly, there is a major bearish trend line forming with resistance near $9,240 on the hourly chart of the BTC/USD pair.
The 61.8% Fib retracement level of the recent decline from the $9,374 high to $9,084 low is also capping the upward move. Therefore, a successful break above the trend line and a follow through above $9,300 is needed for a fresh increase.
The next key resistance is near the $9,440 area, above which bitcoin is likely to climb towards the $9,550 and $9,600 levels in the near term.
On the downside, an immediate support is near the $9,120 area. If there is a successful daily close below the $9,120 support, there are chances of more downsides below the $9,020 and $9,000 support levels. The next major support is near $8,920, followed by $8,780.
Bitcoin Price
Looking at the chart, bitcoin is clearly trading in a bearish zone below the $9,300 resistance level. Thus, the price remains at a risk of a bearish break below $9,120 and $9,020. To move into a positive zone and start a decent upward move, the price must settle above $9,300.
Technical indicators:
Hourly MACD – The MACD is likely to move back into the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently declining and it could test the 25 level.
Major Support Levels – $9,120 followed by $9,020.
Major Resistance Levels – $9,240, $9,300 and $9,440.
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Bitcoin And Crypto Market Cap Eye Next Break: BCH, XLM, EOS, TRX Analysis

The total crypto market cap is currently consolidating in a range above the $232.0B support area.
Bitcoin price is holding the $9,200 support area, but it is also facing hurdles near $9,400.
BCH price is currently correcting lower after it failed to break the $300 resistance.
EOS price is consolidating near $3.500 and it could correct lower towards $3.400.
Stellar (XLM) price is climbing higher once again and it might test the $0.0800 resistance.
Tron (TRX) price is facing a strong resistance near the $0.0200 zone.

Bitcoin (BTC) and the crypto market cap are approaching the next key break. Ethereum (ETH), BCH, stellar (XLM), ADA, EOS, ripple, and tron (TRX) are correcting lower.
Bitcoin Cash Price Analysis
Recently, BCH price climbed higher above the $295 level against the US Dollar. The price tested the $305 resistance area, where it faced a strong selling interest. As a result, the price started a downside correction below the $300 and $295 level.
On the downside, the key support is near the $285 and $280 levels. If there are more downsides, the price could test the $265 support area.
Stellar (XLM), EOS and Tron (TRX) Price Analysis
EOS price struggled near the $3.700 resistance area. As a result, there was a downside correction below the $3.650 level. The price is currently consolidating near $3.500 and it seems like it could correct lower further towards the $3.400 support area. On the upside, the main hurdles are near the $3.650 and $3.700 levels.
Stellar price corrected gains after a sharp rally towards the $0.0880 resistance area. XLM price declined and tested the $0.0700 support area. It is once again moving higher towards the $0.0800 resistance. If there are more upsides, the price may perhaps test the $0.0820 level.
Tron price struggled to stay above the $0.0200 support area and recently corrected lower. TRX price tested the $0.0195 support and it is currently consolidating in a tiny range. If there is an upside break above $0.0200, the price is likely to resume its upward move.
Crypto Market Cap
Looking at the total cryptocurrency market cap 4-hours chart, the $250.0B resistance zone acted as a crucial barrier for more upsides. As a result, the market cap declined and it is now consolidating in a range above the $232.0B support area. If there is a downside break, the market cap could retest the $215.0B support.
Conversely, an upside break above the $250.0B resistance is likely to spark a strong rise in bitcoin, Ethereum, EOS, ripple, litecoin, bitcoin cash, XLM, TRX, BNB, WAN, WTC, ICX, and other altcoins in the near term.
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Ripple (XRP) Price Turns Short Term Bearish, $0.2980 Presents Resistance

Ripple price is showing bearish signs and recently declined below $0.2980 against the US dollar.
The price is currently consolidating losses above $0.2850 after it traded as low as $0.2746.
There is a short term breakout pattern forming with resistance near $0.2910 on the hourly chart of the XRP/USD pair (data source from Kraken).
If there is a downside break, the price could revisit the $0.2800 support level.

Ripple price declined sharply in the past three sessions against the US Dollar and bitcoin. XRP price is consolidating losses and it could face a strong resistance near $0.2980.
Ripple Price Analysis
Yesterday, we saw a steady rise in ripple above the $0.3000 resistance area against the US Dollar. Moreover, XRP climbed above the $0.3050 and $0.3120 levels.
However, the $0.3150 area prevented more upsides and a high was formed near $0.3149. As a result, there was a nasty decline below the $0.3050 and $0.3000 support levels. More importantly, there was a break below a connecting bullish trend line with support near $0.3000 on the hourly chart of the XRP/USD pair.
Finally, ripple dived below the $0.2980 support area and the 100 hourly simple moving average. It opened the doors for more losses and the price traded below $0.2800.
A low was formed near $0.2746 and the price later recovered above $0.2800. Besides, there was a break above the 23.6% Fib retracement level of the recent decline from the $0.3149 high to $0.2746 low.
At the outset, the price is consolidating losses above the $0.2850 support area. Additionally, there is a short term breakout pattern forming with resistance near $0.2910 on the same chart.
If there is a downside break below the $0.2880 support, there is a risk of more losses below the $0.2850 support area. The next key support is near the $0.2800 level, below which ripple could revisit the $0.2750 area.
Conversely, the price could correct further above $0.2900. The next key resistance is near $0.2950. It coincides with the 50% Fib retracement level of the recent decline from the $0.3149 high to $0.2746 low. The main resistance area is near $0.2980 and the 100 hourly SMA.
Ripple Price
Looking at the chart, ripple price is clearly consolidating losses above the $0.2850 area. To start a fresh increase, it must break the $0.2950 and $0.2980 resistance levels. If not, it could resume its decline below $0.2850 and $0.2800.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is slowly moving in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is slowly climbing higher towards the 45 level.
Major Support Levels – $0.2880, $0.2850 and $0.2800.
Major Resistance Levels – $0.2900, $0.2950 and $0.2980.
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Bitcoin (BTC) Price Stable Above $9K But Can It Climb Again?

Bitcoin price is struggling to climb higher above the $9,300 and $9,400 resistances against the US Dollar.
The price is trading in a range above the key $9,000 and $8.960 support levels.
There was a break below a connecting bullish trend line with support near $9,240 on the hourly chart of the BTC/USD pair (data feed from Kraken).
Both Ethereum and ripple are also trading in a range above $178 and $0.2850 respectively.

Bitcoin price is trading nicely above the $9,000 support against the US Dollar. Having said that, BTC price must climb above the $9,400 resistance to continue higher.
Bitcoin Price Analysis
This past week, bitcoin climbed higher steadily above the $9,200 and $9,300 resistance levels against the US Dollar. BTC even traded above the $9,350 resistance area and the 100 hourly simple moving average.
However, the price struggling to break the $9,400 resistance area. As a result, the price started a fresh decline from the $9,393 high. It traded back below the $9.300 level and the 100 hourly SMA.
More importantly, there was a break below a connecting bullish trend line with support near $9,240 on the hourly chart of the BTC/USD pair. A low was formed near $9,081 and the price is currently correcting higher.
It broke the 23.6% Fib retracement level of the recent decline from the $9,393 high to $9,081 low. However, the upward move was capped by the $9,240 level and the 100 hourly SMA.
It seems like the 50% Fib retracement level of the recent decline from the $9,393 high to $9,081 low is acting as a resistance for the bulls. If there are more gains, the $9,300 area is likely to act as a major hurdle in the near term for bitcoin.
If there is an upside break above the $9,300 resistance, the next stop for the bulls may perhaps be near the $9,380 and $9,400 resistance levels. Conversely, if there is a downward move, an initial support is near the $9,100 level. The main support is near the $9,000 level, below which there is a risk of another decline towards $8,500.
Bitcoin Price
Looking at the chart, bitcoin is clearly facing a lot of resistances near the $9,300 and $9,400 levels. A successful close above the $9,400 level is must for bullish acceleration. If not, there is a risk of a downside extension below the $9,000 support.
Technical indicators:
Hourly MACD – The MACD is slowly moving into the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently recovering higher and it could test the 50 level.
Major Support Levels – $9,000 followed by $8,896.
Major Resistance Levels – $9,200, $9,300 and $9,400.
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Bitcoin And Crypto Market Stuck In Range: BCH, EOS, TRX, ADA Analysis

The total crypto market cap is currently in a range above the $230.0B support area.
Bitcoin price is currently consolidating above the key $9,000 support area.
EOS price is trading above the $3.200 support area and facing resistance near $3.350.
BCH price is currently correcting lower and it is approaching the $280 support area.
Tron (TRX) price moved below the $0.0200 support area and it could decline towards $0.0185.
Cardano (ADA) price is currently trading in a range above the $0.0400 support area.

Bitcoin and the crypto market cap are currently moving in a range. Ethereum (ETH), EOS, Tron (TRX), BCH, ripple, ADA and BNB are trading above key supports.
Bitcoin Cash Price Analysis
Recently, BCH price surged above the $285 and $300 resistance levels against the US Dollar. However, the price faced a strong resistance near the $305-310 area. As a result, the price started a downside correction and declined below the $300 level.
The price is currently trading below $290 and it is approaching the $280 support area. On the upside, there are many resistances near the $300 and $305 levels. On the downside, the next key support below $280 is near $265.
EOS, Tron (TRX) and ADA Price Analysis
EOS price failed to gain momentum above the $3.350 and $3.400 resistance levels. The price is currently correcting lower and is trading near the $3.250 level. An initial support is near the $3.200 level. If there is a downside break below the $3.200 support, the price could decline further towards the $3.050 support.
After a strong rally above the $0.0200 resistance, tron price found resistance near the $0.0225 level. TRX price is currently correcting lower and it is trading below the $0.0200 level. The next key support on the downside is near the $0.0185 level, below which the price could test the $0.0180 level.
Cardano price surged above the key $0.0400 and $0.0420 resistance levels. ADA price is currently correcting lower and is trading below the $0.0420 level. If there are more downsides, the price could test the $0.0405 and $0.0400 support levels.
Crypto Market Cap
Looking at the total cryptocurrency market cap 4-hours chart, there was a downside correction after a sharp rally above the $250.0B level. The market cap corrected lower and traded below the $245.0B level. It is currently consolidating above the $232.0B support area. On the downside, there are many supports near the $230.0B and $225.0B levels. There is also a connecting bullish trend line forming with support near $230.0B on the same chart.
Therefore, dips likely remain well supported in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA, ICX, WAN, and other altcoins in the near term.
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Ripple (XRP) Price Struggling To Hold Key Uptrend Support

Ripple price is holding an important support area near the $0.2880 level against the US dollar.
The price is facing a lot of hurdles on the upside near the $0.2940 and $0.2950 levels.
There is a major bearish trend line forming with resistance near $0.2945 on the hourly chart of the XRP/USD pair (data source from Kraken).
Ethereum is facing hurdles and struggling to climb above $182 and $185.

Ripple price is currently under pressure below $0.2950 against the US Dollar, while bitcoin is consolidating. XRP price must stay above $0.2880 to recover in the near term.
Ripple Price Analysis
After facing resistance near $0.3000, ripple started a fresh downward move. XRP price traded below the $0.3000 support area to move into a short term bearish zone. Moreover, there was a close below the $0.3000 level and the 100 hourly simple moving average.
Finally, the price traded below the $0.2950 support area and tested the $0.2880 support zone. The recent low was formed near $0.2889 and the price is currently correcting higher.
An immediate resistance is near the $0.2930 level and the 100 hourly SMA. The next key resistance area is near the $0.2940 level. Besides, the 50% Fib retracement level of the recent decline from the $0.2981 high to $0.2889 low is near the $0.2935 level.
More importantly, there is a major bearish trend line forming with resistance near $0.2945 on the hourly chart of the XRP/USD pair. The trend line coincides with the 61.8% Fib retracement level of the recent decline from the $0.2981 high to $0.2889 low.
Therefore, an upside break above the $0.2950 zone is needed for the bulls to take over. In the mentioned case, ripple could recover and trade towards the $0.3000 resistance. The next major resistance is near the $0.3050 and $0.3060 levels.
On the downside, an initial support is near the $0.2900 area. However, the main support is near the $0.2880 level. If there is a daily close below $0.2880, the price could accelerate lower towards the $0.2850 and $0.2840 levels in the near term.
Ripple Price
Looking at the chart, ripple price is facing many hurdles on the upside near $0.2950. Having said that, as long as there is no close below the $0.2880 support, there are chances of a fresh increase above the $0.2950 zone. Conversely, the price could start an extended decline towards $0.2840 or even $0.2800.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is slowly moving back into the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently rising and it may break the 50 level.
Major Support Levels – $0.2900, $0.2880 and $0.2850.
Major Resistance Levels – $0.2940, $0.2950 and $0.3000.
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Ethereum (ETH) Consolidating Below $190, Bitcoin Holding $9K

Ethereum price is facing a lot of hurdles on the upside near $185 and $186 against the US Dollar.
Bitcoin is somehow holding the key $9,000 and $8,960 support levels.
There is a key bearish trend line forming with resistance near $182 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is mostly trading in a range above the $178 support and below the $186 resistance.

Ethereum price is facing an uphill task versus the US Dollar, similar to bitcoin. ETH price could continue to trade in a range before the next move either above $186 or below $178.
Ethereum Price Analysis
In the past few sessions, Ethereum was seen trading in a range above the $178 support against the US Dollar. ETH price made a couple of attempts to start a fresh increase, but it faced a strong resistance near the $185 and $186 levels.
The last swing high was near $186 before the price declined below the $182 and $180 levels. Moreover, there was a close below the $182 support and the 100 hourly simple moving average. A low was formed near $179 and the price is currently correcting higher.
It surpassed the 23.6% Fib retracement level of the recent decline from the $186 high to $179 low. However, the $182 level and the 100 hourly SMA are acting as a strong hurdle for the bulls.
Additionally, the 50% Fib retracement level of the recent decline from the $186 high to $179 low is acting as a resistance. More importantly, there is a key bearish trend line forming with resistance near $182 on the hourly chart of ETH/USD.
Therefore, an upside break above the $182 resistance might push Ethereum price higher. On the upside, the main resistances are near $185 and $186. A clear break above $186 is needed for upside acceleration in the near term.
On the downside, an immediate support is near the $180 level. If there are more downsides, the price could revisit the range support area near the $178 level. A clear break below the $178 support could spark more losses towards $175 and $170.

Looking at the chart, Ethereum price is trading in a range above the $178 support and below the $186 resistance. It may perhaps continue to trade in a range before the next move, which could be either towards the $200 barrier or the $165 support area.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is slowly moving into the bullish zone.
Hourly RSI – The RSI for ETH/USD is currently recovering, but it is still below the 50 level.
Major Support Level – $178
Major Resistance Level – $185
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Ripple (XRP) Price Set For Downside Thrust Before Higher

Ripple price is facing an increase in selling pressure below the $0.2980 resistance against the US dollar.
The price is likely to decline below the $0.2880 support before it could start a fresh increase.
There is a key bearish trend line forming with resistance near $0.2940 on the hourly chart of the XRP/USD pair (data source from Kraken).
Ethereum is also declining, but it might find a strong support near the $175 level.

Ripple price is slowly declining below key supports against the US Dollar and bitcoin. XRP price might revisit the $0.2820 support before it could bounce back.
Ripple Price Analysis
After struggling to stay above $0.3050 and $0.3000, ripple started a slow and steady decline. XRP traded below the key $0.2950 support area to move into a short term bearish zone.
Moreover, there was a close below the $0.2950 level and the 100 hourly simple moving average. It opened the doors for more downsides and the price spiked below the $0.2880 support area.
The $0.2850 area provided support and the price recovered above $0.2920 and $0.2950. However, the price failed to stay above the $0.2950 level and even struggled to surpass the 100 hourly simple moving average.
A high was formed near $0.2972 and ripple is currently declining. It is trading near the $0.2920 support. An immediate support is near $0.2910, plus the 50% Fib retracement level of the upward move from the $0.2852 low to $0.2972 high.
The main supports are $0.2900, $0.2800, and the 61.8% Fib retracement level of the upward move from the $0.2852 low to $0.2972 high. If there is a downside break below the $0.2880 support, the price could revisit the $0.2850 and $0.2820 support levels.
On the upside, there are many hurdles near $0.2950 and $0.2980s. Additionally, there is a key bearish trend line forming with resistance near $0.2940 on the hourly chart of the XRP/USD pair. Therefore, an upside break above the $0.2950 level and the 100 hourly SMA is needed for a fresh upward move in the coming sessions.

Looking at the chart, ripple price is clearly declining below the key $0.2950 level. If the bulls fail to defend the $0.2880 support, there is a risk of more losses. The next key support is near $0.2820, below which the price may slide towards $0.2750. Conversely, a clear break above $0.2950 is needed for a decent recovery.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now moving back into the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now well below the 50 level, with a bearish angle.
Major Support Levels – $0.2900, $0.2880 and $0.2850.
Major Resistance Levels – $0.2940, $0.2950 and $0.3000.
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Ethereum (ETH) Stuck In Range, Bitcoin Struggling Near $9K

Ethereum price declined recently and traded below the $180 support area against the US Dollar.
Bitcoin is under pressure and it seems to be struggling to stay above the $9,000 support.
There is a new connecting bearish trend line forming with resistance near $183 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a decent upward move if it breaks the $183 and $185 resistance levels.

Ethereum price is showing a few bearish signs versus the US Dollar, similar to bitcoin. However, ETH price is likely to find a strong support near the $175 level.
Ethereum Price Analysis
In the past few sessions, there was a steady decline in Ethereum below the $185 support area against the US Dollar. Moreover, there was a close below the $185 level and the 100 hourly simple moving average.
Finally, ETH spiked below the $180 support and traded to a new intraday low near $177. Recently, there was an upside correction above the $180 and $182 levels.
Ethereum price managed to move above the 23.6% Fib retracement level of the recent drop from the $194 high to $177 low. However, the previous support near the $185 area acted as a resistance and prevented an upside break.
Besides, the pair failed to test the 50% Fib retracement level of the recent drop from the $194 high to $177 low. More importantly, there is a new connecting bearish trend line forming with resistance near $183 on the hourly chart of ETH/USD.
The 100 hourly SMA is also near the $183 level. Therefore, an upside break above the $183 level might push the price above the $185 resistance. The next key resistance is near the $188 level, followed by $190.
On the downside, an immediate support is near the $178 level. The main support is near the $175 level, where the bulls are likely to take a stand. If there is a downside break below the $175 level, there are chances of more losses below the $172 and $170 levels.

Looking at the chart, Ethereum price is struggling to hold the $180 and $178 supports. It could either break the $185 resistance or extend losses below the $175 support. Having said that, a clear break below the $175 support won’t be easy in the coming sessions. Below $175, the next buy zone could be near the $165 area.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is slowly gaining pace in the bearish zone.
Hourly RSI – The RSI for ETH/USD is currently decline and it is moving lower towards the 40 level.
Major Support Level – $175
Major Resistance Level – $185
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