Bitcoin (BTC) Price Watch: Rally Takes Break, But Not Likely Over

Bitcoin price climbed higher towards the $4,040 level before correcting lower against the US Dollar. The price declined below $4,000 and tested the key $3,940 support area. Recently, there was a break above a connecting bearish trend line with resistance at $3,970 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently moving lower, but it remains well supported near $3,940 and $3,920. Bitcoin price corrected gains recently below $4,000 against the US Dollar. BTC could bounce back as long as it is trading…

Ripple Price Analysis: XRP Sighting Bullish Break Above $0.3200

Ripple price struggled to break the $0.3200 resistance level and corrected lower against the US dollar. The price declined below the $0.3150 level and tested the $0.3125 support area. There is a key bullish trend line formed with support at $0.3145 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must clear the $0.3180 and $0.3200 resistance levels to start a solid bullish wave towards $0.3300. Ripple price is trading key supports against the US Dollar and bitcoin. XRP/USD must clear the $0.3200 resistance area…

Bitcoin (BTC) Price Watch: Upside Break Inevitable Above $3,900

Bitcoin price is trading nicely above the $3,825 and $3,800 support levels against the US Dollar. The price is likely positioning for an upside break above the $3,880 and $3,900 resistance levels. Yesterday’s highlighted important bearish trend line is in place with resistance at $3,860 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could surge higher once it clears the $3,860 resistance and the 100 hourly SMA. Bitcoin price is setting up for the next key break against the US Dollar. BTC could either…

Ripple Price Analysis: XRP Turned Buy On Dips After Upside Break

Ripple price rallied recently and broke many key resistances near $0.3080 against the US dollar. The price even settled above the $0.3100 resistance and the 100 hourly simple moving average. Yesterday’s highlighted key bearish trend line was breached with resistance at $0.3085 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair rallied towards the $0.3250 resistance level and later corrected lower sharply. Ripple price moved nicely into a bullish zone against the US Dollar and bitcoin. XRP/USD is trading above the $0.3100 support and it…

4 Crypto Assets Break Above Key Moving Average, Leaving Bitcoin Behind

Several well-known cryptocurrencies are trading above their 200-day moving averages, a development typically considered a sign of a healthy market. A moving average (MA) is simply an ongoing calculation of the closing prices of an asset over a specified period of time, but is also a tool traders use to gauge the asset’s trend direction as well as support and resistance levels. While a moving average of any length can be used, the 200-day moving average is a standard in financial analysis. Put simply, if an asset trading above the 200-day…

Crypto Market Sighting Bullish Break: XLM, Bitcoin Cash, EOS, TRX Price Analysis

The total crypto market cap is trading nicely above the $128.0B support level. Bitcoin cash price recovered recently and traded above the $132 resistance. EOS price is currently placed nicely above the $3.70 support level. Stellar (XLM) price rallied more than 10% and broke the key $0.1000 resistance area. Tron (TRX) is currently consolidating near the $0.0230 support level. The crypto market seems to be eyeing an upside break, with bullish moves in bitcoin (BTC) and Ethereum (ETH). Stellar (XLM) rallies recently, while BCH, EOS, ripple and tron (TRX) remain…

Ethereum Price Analysis: ETH Buyers Won’t Give Up Easily, Risk of Break Grows

ETH price is holding the $133 and $134 support levels against the US Dollar. The price declined recently, but buyers protected losses below the $133 support level. There is a major bearish trend line formed with resistance at $136 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to make the next move either above $136 or below the $133 support in the near term. Ethereum price is setting up for the next break against the US Dollar and bitcoin. ETH/USD buyers remain in action…

Bitcoin (BTC) Price Watch: Bullish Break Above $4,000 Looming

Bitcoin price is currently consolidating above the $3,820 and $3,840 supports against the US Dollar. The price placed in a positive zone, with a bullish angle towards the $4,000 resistance. There is a symmetrical triangle pattern formed with resistance at $3,880 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair will most likely break the $3,880 and $3,900 resistance levels to climb above or challenge $4,000. Bitcoin price is forming a bullish breakout pattern above the $3,800 support against the US Dollar. BTC could surge…

Ripple Price Weekly Analysis: XRP Likely Preparing For Next Upside Break

Ripple price tested the $0.3400 resistance area on a few occasions against the US dollar. The price failed to break the $0.3380-0.3400 resistance and declined below $0.3200. There is a crucial contracting triangle formed with resistance at $0.3140 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could dip to test the $0.3050 support area before it could break to the upside above $0.3150. Ripple price seems to be preparing for the next bullish break against the US Dollar and bitcoin. XRP/USD could rally once…

Bitcoin Price Analysis: Bullish Setups Could Break Current Market Structure

The cryptomarket remains coiled as we lead into the weekend with no new highs and no new lows being established for bitcoin. However, it is nicely consolidating on lower time frames and hints toward the possibility of another leg up: Figure 1: BTC-USD, Hourly Candles, Consolidating Pennant The pattern shown in Figure 1 outlines a potential continuation pattern called a “bullish pennant.” It’s characterized by consolidating volume and consolidating price that yields lower highs and higher lows and has general upper/lower trendlines. This particular pennant is quite sizable as it…