Bitcoin Price (BTC) Remains In Steady Corrective Decrease

Bitcoin price is slowly declining and recently broke the $10,000 support area against the US Dollar.
The price is facing an uphill task and it might continue to struggle near $10,250 and $10,300.
There is a major bearish trend line forming with resistance near $10,250 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price could continue to slide as long as it is trading below the $10,400 pivot level in the near term.

Bitcoin price is under pressure below $10,250 against the US Dollar. BTC may perhaps accelerate decline as long as there is no close above the $10,400 and $10,500 levels.
Bitcoin Price Analysis
In the last two analysis, we discussed the chances of more downsides in bitcoin price below $10,400 against the US Dollar. The price broke the $10,250 support area and the 100 hourly simple moving average. Moreover, the recent decline was such that the price broke the $10,100 support area. Finally, there was a downside spike below the $10,000 level and a new swing low was formed near the $9,938.
Recently, there was an upside correction above the $10,000 level. Moreover, the price broke the 23.6% Fib retracement level of the recent slide from the $10,528 high to $9,938 low. However, the upward move was capped by the $10,200 and $10,250 levels. There is also a major bearish trend line forming with resistance near $10,250 on the hourly chart of the BTC/USD pair.
Additionally, the 50% Fib retracement level of the recent slide from the $10,528 high to $9,938 low is acting as a resistance for the bulls. Above the trend line, the next key resistance is near the $10,350 level and the 100 hourly SMA. Having said that, a successful close above the $10,400 level plus the 61.8% Fib retracement level of the recent slide from the $10,528 high to $9,938 low is needed for more gains.
On the downside, the $10,000 level is an immediate support. However, the main support is near the $9,950 level. Below $9,950, there are chances of further losses in the near term. The next key support is near the $9,800 level.

Looking at the chart, bitcoin price is clearly under pressure and it could continue to slide below $10,000 in the coming sessions. If there is a bearish break below the $9,950 level, the price could head towards the $9,800 level. The main pivot level is near the $9,500 level.
Technical indicators:
Hourly MACD – The MACD is still moving in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is well below the 50 level.
Major Support Levels – $10,000 followed by $9,950.
Major Resistance Levels – $10,200, $10,250 and $10,350.
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Ethereum Price (ETH) Could Breakdown In Short Term, Bitcoin Down 3%

ETH price is struggling to continue to move higher above the $185 resistance against the US Dollar.
The price is likely to decline if bitcoin continues to struggle below the $10,250 level.
There is a connecting bearish trend line forming with resistance near $182 on the hourly chart of ETH/USD (data feed via Kraken).
The price remains at a risk of more downsides as long as the price is below $185.

Ethereum price is struggling to gain strength above $185 versus the US Dollar since bitcoin is declining. ETH price could spike below the $180 support in the near term.
Ethereum Price Analysis
In the past two days, ETH price made two attempts to surpass the $185 resistance against the US Dollar. However, bitcoin price struggled to climb higher above the $10,350 and $10,400 resistance levels. As a result, Ether price also started showing a few bearish signs below the $185 resistance. On the positive side, the price is holding the main $178 and $180 support levels.
The last swing low was formed near the $177 level. The price is currently correcting higher above the $178 and $179 levels. Moreover, there was a break above the 50% Fib retracement level of the recent decline from the $185 swing high to $177 swing low. On the upside, the $182 level is currently protecting gains. Additionally, there is a connecting bearish trend line forming with resistance near $182 on the hourly chart of ETH/USD.
The 61.8% Fib retracement level of the recent decline from the $185 swing high to $177 swing low is also acting as a resistance. If there is an upside break above $182, Ethereum price could revisit the $185 resistance level. To continue higher and start a decent rise, the price must break the $185 and $186 resistance levels.
On the upside, an initial support is near the $180 level and the 100 hourly simple moving average. The next key support is near the $178 level. If there is a downside break below the last swing low, the price could correct further lower towards the $170 support area in the near term.

Looking at the chart, Ethereum price seems to be currently consolidating in a range below the $182 and $185 resistance levels However, if bitcoin price continues to slide, there are chances of a sharp downward move move in ETH below the $175 support area in the coming sessions.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is likely to move back into the bullish zone.
Hourly RSI – The RSI for ETH/USD is currently above the 50 level, with a minor bearish angle.
Major Support Level – $178
Major Resistance Level – $185
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Bitcoin Price (BTC) At Risk Of Downside Break Below $10,200

Bitcoin price is under pressure and it recently declined below the $10,500 support against the US Dollar.
The price is struggling to climb higher and is approaching the $10,200 support area.
There is a key bearish trend line forming with resistance near $10,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price could accelerate decline if it breaks the $10,200 and $10,100 support levels in the near term.

Bitcoin price is showing a few negative signs below $10,500 against the US Dollar. BTC could struggle to recover above the $10,400 and $10,500 resistance levels.
Bitcoin Price Analysis
Recently, bitcoin price struggled to surpass the $11,000 resistance area against the US Dollar. As a result, there was a downside correction and BTC/USD traded below the $10,600 and $10,500 support levels. Moreover, there was a close below the $10,500 support level and the 100 hourly simple moving average. It opened the doors for more losses below the $10,400 level.
The price traded as low as $10,144 and recently started an upside correction. There was a break above the $10,300 level plus the 23.6% Fib retracement level of the last major decline from the $10,952 high to $10,144 low. Additionally, the price spiked above the $10,500 resistance. However, it failed to continue higher. It also struggled to clear the 50% Fib retracement level of the last major decline from the $10,952 high to $10,144 low.
More importantly, there is a key bearish trend line forming with resistance near $10,400 on the hourly chart of the BTC/USD pair. The pair is currently trading well below the $10,400 level. An immediate support area is near the $10,200 level. If there is a downside break below the $10,200 support area, there could be a bearish acceleration towards the $10,000 support area.
On the upside, the main resistances are near the $10,400 and $10,500 levels. If there is a successful close above $10,500, the price could continue to rise in the coming sessions. The next key resistance is near the $10,650 level. It coincides with the 61.8% Fib retracement level of the last major decline from the $10,952 high to $10,144 low.

Looking at the chart, bitcoin price is clearly struggling to continue higher and is trading with a bearish angle below the $10,400 level. If the price continues to decline and breaks the $10,200 support area, there is a risk of more losses below the $10,000 level.
Technical indicators:
Hourly MACD – The MACD is currently moving in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now well below the 50 level.
Major Support Levels – $10,200 followed by $10,100.
Major Resistance Levels – $10,400, $10,550 and $10,650.
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Ethereum Price (ETH) Could Continue Higher While Bitcoin Struggles

ETH price climbed higher recently and settled above the $175 resistance area against the US Dollar.
The price is currently consolidating gains and it might continue to rise towards $185 or $190.
There is a key breakout pattern forming with support near $180 on the hourly chart of ETH/USD (data feed via Kraken).
The price could dip a few points towards $176 or $175 before it could start a fresh increase.

Ethereum price is showing positive signs above $175 versus the US Dollar, while bitcoin is struggling. ETH price remains supported on dips and it could rise further.
Ethereum Price Analysis
Recently, there was a solid rise in ETH price above the $175 resistance area against the US Dollar. However, bitcoin price struggled to gain momentum above the $10,500 resistance area. The recent rise in pushed Ethereum above the $180 level and the 100 hourly simple moving average. Moreover, the price traded close to the $185 level and recently started a short term downside correction.
It traded below the $180 level and the tested the 23.6% Fib retracement level of the upward move from the $165 low to $185 high. At the outset, there is a key breakout pattern forming with support near $180 on the hourly chart of ETH/USD. It seems like the price might decline a few points below the trend line support at $180. The next key support is near the $178 level and the 100 hourly SMA.
Additionally, the 50% Fib retracement level of the upward move from the $165 low to $185 high is near the $175 level to act as a support. If the price continues to slide, there are chances of a trend reversal towards the $170 support area. The 76.4% Fib retracement level of the upward move from the $165 low to $185 high is also near $170. Conversely, an immediate resistance on the upside is near the $182 level.
If there is an upside break above the $182 level, the price could attempt to surpass the $185 resistance area. Above $185, the price is likely to continue higher towards the $190 and $192 resistance levels.

Looking at the chart, Ethereum price is clearly trading with a positive bias above the $175 and $178 support levels. Only an hourly close below $175 might negate the current positive bias. On the upside, the price will most likely gain bullish momentum once it clears the $182 and $185 resistance levels.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is currently moving in the bearish zone.
Hourly RSI – The RSI for ETH/USD is currently declining and it struggling to hold the 50 level.
Major Support Level – $175
Major Resistance Level – $185
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Ethereum Price (ETH) Dives Below Crucial Support, Bitcoin Down 5%

ETH price failed to stay above the key $185 and $180 support levels against the US Dollar.
The price is down around 10% and is trading below $172, while bitcoin is down around 5%.
There was a break below a bearish continuation pattern with support near $172 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is likely to continue lower and it may soon test the $165 or $162 support.

Ethereum price is down close to 10% versus the US Dollar, with strong bearish moves vs bitcoin. ETH price remains in a downtrend and it could decline further to $162.
Ethereum Price Analysis
In the past few days, we saw how ETH price struggled to clear the $192 and $195 resistance against the US Dollar. The price even settled below the $190 support and the 100 hourly simple moving average. As a result, there was a sharp decline below the $185 and $180 support levels. The price declined around 10% and even broke the $172 support area. Similarly, there were strong bearish moves in bitcoin, ripple, EOS, and binance coin.
A new monthly low was formed near $166 before Ethereum started an upside correction. It recovered above the $170 level plus the 23.6% Fib retracement level of the recent drop from the $188 swing high to $166 swing low. However, the upward move was capped by the $174-175 zone. Moreover, the price failed to test the 50% Fib retracement level of the recent drop from the $188 swing high to $166 swing low.
Recently, there was a break below a bearish continuation pattern with support near $172 on the hourly chart of ETH/USD. The pair is now trading near the $170 level and it seems like it could continue to move down. An immediate support is near the $166 and $165 levels. However, the main target for the bears could be near the $162 level in the near term.
On the upside, there are many hurdles near the $175 level. However, the main resistance is now near the $180 and $182 levels (the previous supports). Besides, the 61.8% Fib retracement level of the recent drop from the $188 swing high to $166 swing low is also near the $180 level.

Looking at the chart, Ethereum price is clearly facing a strong resistance near the $172 and $175 levels. Therefore, it might continue to move down below the $170 and $166 levels.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is slowly reducing its recent bearish slope.
Hourly RSI – The RSI for ETH/USD is still in the extreme oversold area, with bearish signs.
Major Support Level – $165
Major Resistance Level – $175
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Bitcoin (BTC) Price Could Revisit $11.2K or $11.4K

Bitcoin price extended gains above the key $10,600 and $10,800 resistances against the US Dollar.
The price is currently correcting lower after trading to a new weekly high at $10.960.
Yesterday’s highlighted major bullish trend line is intact with support near $10,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price could correct lower, but it seems like the bulls are eyeing a test of the $11,200 resistance area.

Bitcoin price is gaining bullish momentum above $10,500 against the US Dollar. BTC is likely to climb towards $11,200 or $11,400 as long as it stays above $10,500.
Bitcoin Price Analysis
Yesterday, we discussed the chances of a strong rise in BTC if it breaks $10,600 against the US Dollar. The price did gain bullish momentum above the $10,500 and $10,600 resistance levels. It opened the doors for more gains above the $10,700 level and the 100 hourly simple moving average. Finally, the price surpassed the $10,800 resistance and traded to a new weekly high at $10,960.
Recently, the price started a downside correction below the $10,900 level. Moreover, it traded below the 23.6% Fib retracement level of the recent wave from the $10,267 low to $10,960 high. It seems like there could be an extended downside correction towards the $10,500 support level. An immediate support is near the $10,600 level (the previous resistance). Additionally, the 50% Fib retracement level of the recent wave from the $10,267 low to $10,960 high is near the $10,600 level.
More importantly, yesterday’s highlighted major bullish trend line is intact with support near $10,500 on the hourly chart of the BTC/USD pair. Bitcoin price clearly remains well supported on the downside near the $10,600 and $10,500 support levels. If there is a bearish break and close below $10,500 plus the 100 hourly simple moving average, the price could move back into a bearish zone.
On the upside, an immediate resistance is near the recent high at $10,960, followed by $11,000. If the price continues to rise, the next important resistance is near the $11,200 and $11,250 levels.

Looking at the chart, bitcoin price is trading nicely above the $10,500 support level. As long as there is no daily close below $10,500, there are high chances of more upsides towards $11,200 in the coming sessions. Additionally, if the bulls remain in action, they might be able to push the price towards the $11,400 level.
Technical indicators:
Hourly MACD – The MACD is slowly moving back into the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently correcting lower towards the 50 level.
Major Support Levels – $10,600 followed by $10,500.
Major Resistance Levels – $10,960, $11,000 and $11,200.
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Bitcoin & Crypto Market Cap Rising: LTC, BNB, BCH, TRX Analysis

The total crypto market cap broke a major resistance area near the $272.0B level.
Bitcoin price jumped more than 5% and broke the $10,600 resistance area.
Binance coin (BNB) price recovered above $28.00, but it struggled to surpass the $29.00 resistance.
Litecoin (LTC) price is still trading well below the $80.00 resistance area.
BCH price extended gains and traded above the $320 resistance level.
Tron (TRX) price struggled to climb above the $0.0180 resistance area.

The crypto market cap and bitcoin (BTC) are showing positive signs. Ethereum (ETH), litecoin, ripple, BCH, TRX, XLM, BNB and EOS might climb higher in the short term.
Bitcoin Cash Price Analysis
BCH price started a decent recovery from the $300 support area against the US Dollar. The BCH/USD pair climbed above the $315 level and recently surpassed the $320 resistance level. An immediate resistance is near the $330 level, but the main resistance is near the $340 level.
Conversely, if there is a fresh decline, the price might test the $310 level. The main support is near the $300 level, below which the price might turn bearish in the near term.
Binance Coin (BNB), Litecoin (LTC) and Tron (TRX) Price Analysis
Binance coin (BNB) price remained well bid above the $27.00 level and recently recovered higher. BNB price broke the $28.00 resistance, but it seems like it is facing a strong resistance near the $29.00 level. The price is currently correcting lower and it might test the $28.00 support area.
Litecoin price is trading in a bearish zone below the $82.00 and $80.00 resistance levels. LTC price is currently consolidating above the $76.00 support, below which it could revisit the $72.00 support level. The next key support is near the $70.00 level.
Tron price recovered recently above the $0.0175 level, but it failed to post gains above the $0.0180 resistance level. TRX price is currently moving lower towards the $0.0170 support level. If there are more downsides, the price could decline towards the $0.0165 level in coming sessions.

Looking at the total cryptocurrency market cap 4-hours chart, there was a steady rise above the $265.0B resistance levels. More importantly, the market cap climbed above a crucial resistance near $272.0B and a connecting bearish trend line on the same chart. It opened the doors for more upsides, with an immediate resistance near the $280.0B and $285.0B levels. The next major resistance area is near the $300.0B level. If there is a downside correction, the $272.0B and $270.0B levels might provide support. Moreover, the broken trend line at $265.0B could also act as a support. Therefore, dips remain supported in bitcoin, Ethereum, EOS, litecoin, ripple, binance coin, BCH, TRX, XMR, XLM and other altcoins in the near term.
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Ripple Price (XRP) Eyes Fresh Increase While Bitcoin Rallies

Ripple price is facing a strong resistance near the $0.2900 and $0.2920 levels against the US dollar.
Bitcoin price rallied recently and even broke the $10,600 and $10,800 resistance levels.
Yesterday’s highlighted bullish trend line is active with support near $0.2750 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could decline a few points, but it remains supported above $0.2700.

Ripple price is currently correcting gains from $0.2920 against the US Dollar, while bitcoin jumped above $10,800. XRP price is likely to climb sharply if it clears the $0.2920 resistance.
Ripple Price Analysis
Yesterday, we saw a decent recovery in XRP price above the $0.2700 resistance against the US Dollar. The XRP/USD pair even climbed above the $0.2800 resistance and settled above the 100 hourly simple moving average. It opened the doors for more gains above the $0.2850 level. More importantly, there were decent gains in other altcoins, including Ethereum, EOS and litecoin.
However, ripple price faced a strong resistance near the $0.2900 and $0.2920 levels. A swing high was formed near $0.2918 and the price recently started a downside correction. It broke the $0.2850 support plus the 23.6% Fib retracement level of the recovery from the $0.2618 low to $0.2918 high. Finally, the price found support near the $0.2750 and $0.2760 levels.
Additionally, the price found support near the 50% Fib retracement level of the recovery from the $0.2618 low to $0.2918 high. More importantly, yesterday’s highlighted bullish trend line is active with support near $0.2750 on the hourly chart of the XRP/USD pair. The 100 hourly SMA is also following the trend line and is currently near $0.2720. Therefore, dips towards the $0.2750 and $0.2720 levels remain attractive to the bulls.
On the upside, the main resistances are near $0.2900 and $0.2920. An immediate resistance is near $0.2880 and a connecting bearish trend line on the same chart. A convincing close above the $0.2920 level might start another upward move towards the $0.3000 and $0.3050 levels. An intermediate resistance is near the $0.3020 level.

Looking at the chart, ripple price is currently trading nicely above the $0.2750 and $0.2720 support levels. Therefore, there are chances of a fresh increase above the $0.2880 and $0.2920 resistance levels. Conversely, a successful hourly close below the $0.2700 support might negate the current bullish view in the coming sessions. The next key support is near the $0.2550 level.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is about to move back into the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently just below the 50 level.
Major Support Levels – $0.2750, $0.2720 and $0.2700.
Major Resistance Levels – $0.2900, $0.2920 and $0.3000.
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Ethereum Price (ETH) Trading Near Make-or-Break Levels

ETH price extended its recent upward move and tested the $202 resistance against the US Dollar.
The price is struggling to gain bullish momentum above the $202 resistance area.
There is a short term ascending channel forming with support near $198 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could decline a few points, but dips remain supported near $198, $195 and $192.

Ethereum price is showing positive signs above $195 versus the US Dollar, while bitcoin is up 5%. ETH price is likely to accelerate higher once it settles above the $202 resistance area.
Ethereum Price Analysis
Yesterday, there was a decent recovery initiated in ETH price above the $190 resistance against the US Dollar. More importantly, bitcoin price rallied and climbed above the $10,500 and $10,600 resistance levels (as discussed yesterday). It opened the doors for more gains and ETH/USD climbed above the $195 and $198 resistance levels. Moreover, there was a break above the $200 resistance and a close above the 100 hourly simple moving average.
However, Ethereum price seems to be facing a strong resistance near the $202 zone. The price made a few attempts to gain strength above $202, but it failed. At the moment, the price is consolidating near $200, with an immediate support near the $198 level. Moreover, the 23.6% Fib retracement level of the recent wave from the $184 low to $203 swing high might also act as a support.
Additionally, there is a short term ascending channel forming with support near $198 on the hourly chart of ETH/USD. Below the channel support, the next important support is near the $195 level. The 50% Fib retracement level of the recent wave from the $184 low to $203 swing high is also near $194 to act as a support. More importantly, the 100 hourly SMA is at $194 to provide support if Ethereum dips.
Therefore, the price could decline a few points, but dips remain supported near $198, $195 and $192. On the upside, the price must gain momentum above the $202 and $204 levels. A successful close above $205 might pump the price further higher towards the $210 and $215 levels.

Looking at the chart, Ethereum price is facing a major resistance near the $202 zone. If it continues to struggle, there could be a downside correction. Having said that, the bulls are likely to remain active near the $195 and $192 support levels. Only a close below $190 could negate the current bullish view.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is about to move into the bullish zone.
Hourly RSI – The RSI for ETH/USD is currently correcting lower below the 60 level.
Major Support Level – $192
Major Resistance Level – $202
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Bitcoin (BTC) Price Weekly Forecast: Decline Far From Over

There was a strong drop in bitcoin price below the $10,500 support against the US Dollar.
The price is currently correcting losses, but it remains below key hurdles near $10,500.
There is a bearish continuation pattern forming with support near $10,080 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair is likely to resume its decline below the $10,000 and $9,800 support levels.

Bitcoin price is trading in a downtrend below $10,500 and $10,800 against the US Dollar. BTC price remains at a risk of more losses below the $9,800 support area.
Bitcoin Price Weekly Analysis (BTC)
In the last weekly forecast, we discussed the chances of a strong decline in bitcoin price to $10,500 against the US Dollar. The BTC/USD pair did decline in the past few days and even broke the $10,500 support level. Moreover, there was a break below $10,000 and a close below the 100 simple moving average (4-hours). The decline was such that the price even traded below $9,800 and a new monthly low was formed near $9,510.
Recently, the price started an upside correction above the $10,000 resistance level. Moreover, there was a break above the 23.6% Fib retracement level of the last major decline from the $12,337 high to $9,510 swing low. However, the previous support near the $10,500 level is acting as a strong resistance. Additionally, there is a bearish continuation pattern forming with support near $10,080 on the 4-hours chart of the BTC/USD pair.
If there is a downside break below the $10,000 support, bitcoin price could resume its decline. An immediate support is near the $9,800 level, below which the price may perhaps revisit the $9,500 support level. Finally, if there are more downsides, the price could test the $9,200 and $9,000 levels.
On the upside, there are many important resistances near $10,500 and $10,800. Moreover, the 50% Fib retracement level of the last major decline from the $12,337 high to $9,510 swing low is near the $10,900 level. There is also a crucial bearish trend line forming with resistance near $10,800s. Therefore, a break above the $10,500 and $10,800 resistance levels won’t be easy in the near term.

Looking at the chart, bitcoin price is clearly trading in a bearish zone below $10,500. Therefore, there is a risk of more downsides below the $10,000 and $9,800 support levels. To start a strong recovery, the price must surpass the $10,500 and $10,800 resistance levels.
Technical indicators
4 hours MACD – The MACD for BTC/USD is about to move back into the bearish zone.
4 hours RSI (Relative Strength Index) – The RSI for BTC/USD is currently declining towards the 25 level.
Major Support Level – $10,000
Major Resistance Level – $10,500
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Ethereum Price Weekly Forecast: ETH Could Climb Above $200

ETH price declined heavily below the key $200 and $190 support levels against the US Dollar.
The price is currently consolidating losses after trading as low as $174.
There is a crucial bearish trend line forming with resistance near $195 on the 4-hours chart of ETH/USD (data feed via Kraken).
The pair could start a strong upward move once it breaks the $195 and $200 resistance levels.

Ethereum price is currently consolidating losses against the US Dollar and bitcoin. ETH price could either climb above $195 and $200 or it might resume its decline.
Ethereum Price Weekly Analysis
This past week, bitcoin and Ethereum declined heavily below $10,000 and $200 respectively against the US Dollar. The ETH/USD pair even broke the $190 support and settled well below the 100 simple moving average (4-hours). Finally, there was a push below the $185 support level and the price traded as low as $174. Recently, it started an upside correction and recovered above the $180 level.
Moreover, there was a break above the 23.6% Fib retracement level of the last major decline from the $217 high to $174 swing low. However, there are many resistances on the upside near the $192, $195 and $200 levels. Additionally, there is a crucial bearish trend line forming with resistance near $195 on the 4-hours chart of ETH/USD. The trend line coincides with the 50% Fib retracement level of the last major decline from the $217 high to $174 swing low.
The most important resistance is near the $200 and $202 levels (the previous supports). Therefore, a successful break above the $195 resistance plus a follow through above $200 is needed for a fresh increase. The next key resistance is near the $207 level and the 100 simple moving average (4-hours). Besides, the 76.4% Fib retracement level of the last major decline from the $217 high to $174 swing low is also near $207.
Conversely, if there is no upside break above $195 or $200, the price could resume its decline. An immediate support is near the $180 level, followed by the $174 swing low. A break below the $174 swing low may perhaps push the price towards $162.

The above chart indicates that Ethereum price is currently consolidating below key resistances such as $192, $195 and $200. To start a strong recovery and upward move, the price must settle above $200 in the coming days.
Technical Indicators
4 hours MACD – The MACD for ETH/USD is currently placed in the bullish zone, with neutral signs.
4 hours RSI – The RSI for ETH/USD is currently near the 40 level, with a few positive signs.
Major Support Level – $174
Major Resistance Level – $200
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Bitcoin (BTC) Price Hesitates But Further Recovery Seem Likely

Bitcoin price tested the $9,800 support and bounced back against the US Dollar.
The price is currently struggling to gain momentum above $10,400 and $10,500.
There is a key contracting triangle forming with resistance near $10,550 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price is likely to slowly rise as long as it is trading above the $9,800 support area.

Bitcoin price is showing positive signs above the $9,800 support against the US Dollar. BTC price might gain bullish momentum once it settles above the $9,500 resistance.
Bitcoin Price Analysis
In yesterday’s analysis, we discussed the chances of another pullback in bitcoin price below the $10,000 level against the US Dollar. The BTC/USD pair did move below the $10,000 support and remained well below the 100 hourly simple moving average. Moreover, there was a break below the $9,960 support area, but the $9,800 level acted as a strong support. A swing low was formed near $9,721 and the price started a fresh increase.
There was a recovery above the $10,000 and $10,200 resistance levels. Moreover, the price broke the $10,400 resistance level. However, the price struggled to gain bullish momentum above the $10,500 level. More importantly, the price struggled to surpass the 100 hourly simple moving average, which is currently at $10,450. Besides, there is a key contracting triangle forming with resistance near $10,550 on the hourly chart of the BTC/USD pair.
An immediate support on the downside is near the $10,130 level. It represents the 50% Fib retracement level of the recent wave from the $9,721 low to $10,542 high. However, the main supports are near the $10,000 and $9,950 levels. Additionally, the 61.8% Fib retracement level of the recent wave from the $9,721 low to $10,542 high will most likely act as a support near $10,035.
On the upside, the price must gain momentum above the $10,400 and $10,500 resistance levels. Moreover, a successful close above the 100 hourly SMA could start a strong rise towards the $10,600 and $10,800 levels. Conversely, if the price starts a fresh decline and breaks the $10,000 support, the next key support is near the $9,800 level.

Looking at the chart, bitcoin price is clearly showing a few positive signs above the $10,000 level. Having said that, the bulls need to gain momentum above the 100 hourly SMA and $10,450 to push the price further higher in the near term.
Technical indicators:
Hourly MACD – The MACD is currently moving in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently above the 50 level.
Major Support Levels – $10,030 followed by $9,800.
Major Resistance Levels – $10,400, $10,500 and $10,650.
The post Bitcoin (BTC) Price Hesitates But Further Recovery Seem Likely appeared first on NewsBTC.
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Bitcoin (BTC) Price Hits Weekly Bearish Target: $10K Could Be Next

Bitcoin price broke the key $11,200 support level and declined below $11,000 against the US Dollar.
The price tested the $10,500 bearish target (as discussed in the weekly forecast).
There is a major bearish trend line forming with resistance near $11,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price remains at a risk of more losses below the $10,500 and $10,320 levels.

Bitcoin price is gaining bearish momentum below $11,000 against the US Dollar. BTC price tested the weekly bearish target of $10,500 and it could continue to weaken.
Bitcoin Price Analysis
In the bitcoin price weekly forecast, we discussed the chances of a drop to $10,500 against the US Dollar. The BTC/USD pair did follow a bearish path this week below $11,500 and 100 hourly simple moving average. As a result, there was a bearish break below the $11,200 and $11,000 support levels. Moreover, the price weakened more than 6% today and even broke the $10,800 support area.
Finally, it spiked below the $10,500 level and traded to a new weekly low at $10,463. It is currently consolidating losses above $10,500. An immediate resistance is near $10,580 plus the 23.6% Fib retracement level of the recent decline from the $10,967 high to $10,463 low. On the upside, the first key resistance is near the $10,720 level. It represents the 50% Fib retracement level of the recent decline from the $10,967 high to $10,463 low.
If there is an upside break above the $10,700 and $10,800 levels, the price could correct higher towards the $11,000 level. The next hurdle could be $11,080 plus the 1.236 Fib extension level of the recent decline from the $10,967 high to $10,463 low. Moreover, there is a major bearish trend line forming with resistance near $11,200 on the hourly chart of the BTC/USD pair.
The main resistance is near the $11,200 level (this week’s support area). On the downside, an immediate support is near the $10,450 level. If there is a bearish break, the price could slide further towards the $10,200 level. The main support is near the $10,000 level, where the bulls might take a stand.

Looking at the chart, bitcoin price is gaining bearish momentum below $11,000 and $10,800. Therefore, there are chances of more downsides below $10,500 and $10,450. Conversely, if there is an upside correction, the price is likely to face resistance near the $10,700 and $10,800 levels.
Technical indicators:
Hourly MACD – The MACD is currently placed in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently correcting higher from the 20 level.
Major Support Levels – $10,450 followed by $10,200.
Major Resistance Levels – $10,700, $10,800 and $11,000.
The post Bitcoin (BTC) Price Hits Weekly Bearish Target: $10K Could Be Next appeared first on NewsBTC.
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Crypto Market Cap & Bitcoin Extending Losses: BCH, Litecoin, ADA, TRX Analysis

The total crypto market cap declined further and broke the $280.0B support area.
Bitcoin price is down more than 6% and it recently traded below the $10,800 support.
Litecoin (LTC) price is holding the key $85.00 support area and is trading in a range.
BCH price performed nicely and jumped more than 5% to break the $340 resistance.
Tron (TRX) price is grinding lower towards the $0.0200 support level.
Cardano (ADA) price is currently recovering above the $0.0525 resistance level.

The crypto market cap and bitcoin (BTC) are extending losses below key supports. Ethereum (ETH), LTC, BCH, EOS, cardano, ripple, TRX, XLM and BNB might correct higher.
Bitcoin Cash Price Analysis
Bitcoin cash price found support near the $330 level against the US Dollar. The BCH/USD pair started a fresh increase and broke the key $340 resistance level. The price is now trading near the $350 resistance and is already up more than 5% today.
If there are more gains, the price could test the $360 resistance level in the near term. On the downside, the previous resistance near the $340 level may now act as a decent support.
Cardano (ADA), Litecoin (LTC) and Tron (TRX) Price Analysis
Litecoin price started a downside correction below the $92.00 and $90.00 support levels. LTC price is now trading near the key $85.00 support level and is consolidating in a range. It seems like the price is preparing for a nice upward move above the $90.00 resistance level. Conversely, a downside break below the $85.00 support may push the price towards the $80.00 support.
Tron price is still in a bearish zone below the $0.0215 and $0.0220 resistance levels. TRX price is trading well below $0.0210 and it seems like there could be another downside break below the $0.0200 support level. The next key support is near the $0.0192 level.
Cardano price tested the $0.0510-0.0515 support area and it is currently correcting higher. ADA price broke the $0.0525 level and it could continue to rise towards the main $0.0550 resistance level. The next key resistance is near the $0.0565 level.

Looking at the total cryptocurrency market cap 4-hours chart, there were further losses below the $300.0B level. The market cap even broke the $285.0B and $280.0B support levels, dragged by bitcoin’s slide. It seems like this week’s followed declining channel is acting as a strong catalyst for the bears. If the channel remains intact, there is a risk of more losses below the $275.0B and $270.0B support levels. More importantly, if bitcoin continues to decline, there is a risk of a sharp drop in Ethereum, EOS, litecoin, ripple, ADA, BCH, TRX, ICX, XLM and other altcoins in the near term.
The post Crypto Market Cap & Bitcoin Extending Losses: BCH, Litecoin, ADA, TRX Analysis appeared first on NewsBTC.
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Ripple Price (XRP) Targets Fresh Weekly Low After Bitcoin Nosedives

Ripple price is trading in a downtrend below the $0.3000 and $0.3050 resistances against the US dollar.
The price is likely to extend its decline considering the recent decline in bitcoin price below $11,000.
There is a major bearish trend line forming with resistance near $0.2980 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair is facing an uphill task and it could even break the $0.2900 support area in the near term.

Ripple price is trading with a bearish angle against the US Dollar, while recovering vs bitcoin. XRP price might slide below the last swing low at $0.2895.
Ripple Price Analysis
Yesterday, ripple price corrected above the $0.3000 resistance level against the US Dollar. The XRP/USD pair even traded above $0.3040a and 100 hourly simple moving average. However, the bulls struggled to gain momentum above the $0.3050 and $0.3060 resistance levels. As a result, the price formed a swing high at $0.3060 and recently declined below the $0.3000 support.
Moreover, there was a break below the $0.2950 support and a swing low was formed at $0.2917. The price is correcting higher above $0.2950 plus the 23.6% Fib retracement level of the last slide from the $0.3062 high to $0.2917 low. However, there is a strong resistance forming near the $0.2990 and $0.3000 levels. Additionally, there is a major bearish trend line forming with resistance near $0.2980 on the hourly chart of the XRP/USD pair.
Above the trend line, the 50% Fib retracement level of the last slide from the $0.3062 high to $0.2917 low is at $0.2990. More importantly, the 100 hourly simple moving average is positioned near the $0.3000 area to act as a resistance.  Therefore, an upside break above the $0.3000 resistance might start a decent recovery in the near term. The next key resistances are near the $0.3050 and $0.3060 levels.
Conversely, if there is no upside break above $0.3000, the price could continue to slide. An immediate support is near the $0.2900 area. If there are more downsides, there is a risk of a break below the last swing low near $0.2895. In the mentioned case, the price is likely to drop towards the $0.2840 level.

Looking at the chart, ripple price is facing many hurdles on the upside near $0.2990, $0.3000 and $0.3050. A successful close above the $0.3000 level and the 100 hourly SMA might encourage the bulls in the short term.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is slowly moving into the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is still well below the 50 level.
Major Support Levels – $0.2950, $0.2900 and $0.2840.
Major Resistance Levels – $0.2990, $0.3000 and $0.3050.
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