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Bitcoin Price — Quick Take: The bitcoin price dropped more than 8 percent on a 24-hour adjusted timeframe. The cryptocurrency is attempting a pullback from a historically strong support area above $ 3,550. Further breakdown action could lead to a double bottom scenario. The bitcoin price on Thursday plunged more than 8 percent across the Asian
The post Bitcoin Analysis: Bullish Correction Still Possible if Price Holds Above $ 3,550 appeared first on CCN
The cryptocurrency market moved higher Sunday after Bitcoin (BTC) jumped 6% to $ 4,100 — a price last seen on Christmas Eve. While the weekend rally wasn’t driven by any identifiable fundamental event, the charts of most major coins have been building toward a breakout for the last 2 weeks. Notably, both Litecoin (LTC) and NEO (NEO) […]
SludgeFeed
In the past 24 hours, the crypto market added $ 3 billion to its valuation as Bitcoin (BTC) and Ethereum (ETH) performed relatively well against the U.S. dollar. Several crypto assets in the likes of Litecoin, TRON, and Cardano recorded the largest gains on the day in the range of 6 to 12 percent. Bitcoin Has
The post Crypto Market Records Decent Gains But Bitcoin Has to Rise Above $ 4,500 appeared first on CCN
The crypto market has quietly had a very good week with Bitcoin (BTC) regaining the $ 4,000 level in early trading Thursday and Ethereum reclaiming $ 100 two days earlier. Bitcoin is now up 24.4% from where it started on Monday (around $ 3,265), giving the largest cryptocurrency a market cap of $ 70.8 billion. Meanwhile, Ethereum has had an equally good week. […]
SludgeFeed
Bitcoin on Tuesday showed some signs of bottoming out as it consolidated sideways a little above $ 3,500, its psychological support. The BTC/USD is now trading at 3734-fiat, up 1.58% from the previous day close. Meanwhile, the pair is trading inside a range that is no more than $ 230 wide. Though volatile, the choppy price action
The post Bitcoin Price Stabilizes above $ 3,500 as CME Futures Expiry Approach appeared first on CCN
After a rough Saturday where the price of Bitcoin (BTC) plummeted to a new 52-week low around $ 3,625, the crypto market began to show signs of life going Sunday, with Bitcoin reclaiming the $ 4,000 level for several hours. However, the short-lived rally, which saw some altcoins recover more than 30%, has quickly lost steam after BTC failed […]
SludgeFeed
Bitcoin on Wednesday challenged new highs as price against the US Dollar surged 1.42 percent within a few hours. The BTC/USD pair built upon the near-term bullish scenario after breaking above the interim resistance explained in our previous analysis. A breakout action above 6421-fiat started attracting long positions towards 6500-fiat as the primary upside target.
The post Bitcoin Analysis: Price Above $ 6500 Resistance post US Midterm Elections appeared first on CCN
Bitcoin (BTC) bulls may not seem aggressive but they are definitely more determined than the bears. Most bulls are confident in Bitcoin (BTC)’s long term growth as long as the price remains above the 1000 Day EMA. As the BTC/USD daily chart shows, the price is currently well above the 1000 Day EMA and is not likely to fall below it under the bullish case. Before the month of September, if the price would fall to the 1000 Day EMA, it would coincide with the long term trend line. However, this time, if the price falls back to the 1000 Day EMA, it would have to fall below the trend line. It is pertinent to note that a fall below the trend line and a fall below the 1000 Day EMA do not mean the same thing.
Bitcoin (BTC) Cash as been trading in a strong descending channel since the beginning of the correction. After touching the top of this channel in late April, BCH/USD was expected to touch the bottom of this descending channel in the months ahead. However, the price settled atop a strong support around September. This support lies around $ 412 and has not been breached yet. The price of BCH/USD has touched this support three times since the beginning of September. Technical indicators point to the beginning of a new rally from current levels. However, Bitcoin Cash (BCH) will face a strong resistance first around $ 462 and later around $ 526. The resistance around $ 526 is particularly strong and may give touch time to the bulls in the near future.
Chart for XMR/USD (1W)
Monero (XMR) currently trades around $ 107 and is probably one of the safest bets in the market right now. The price has been following a three driver’s pattern, trading in a diverging bullish channel. It has currently reached the bottom of the channel and will likely return with bullish momentum for the long haul that could drive its price all the way to $ 500 or higher before the end of the year. Apart from the technicals, its fundamentals look great as well. Monero (XMR) transactions are currently cheaper than that of both Bitcoin (BTC) and Litecoin (LTC).
Bitcoin is again restricted in a narrowing price range, but technical studies indicate scope for a bullish breakout.
CoinDesk
Ethereum Classic (ETC) is highly likely to trade north of $ 100 by end of the year. This does not require a very bullish Bitcoin (BTC). In fact, if Bitcoin (BTC) trades around $ 10,000, that would do the job for Ethereum Classic (ETC). Considering that we still have approximately eighty days till the end of the year, Bitcoin (BTC) might easily reach that level. These are very conservative targets for both Ethereum Classic (ETC) and Bitcoin (BTC). If we see an influx of new capital in the cryptocurrency markets as expected, the situation could be a lot different. If Bitcoin (BTC) reaches a price of $ 25,000 by end of the year as predicted by Tom Lee of Fundstrat, Ethereum Classic (ETC) could reach a price of $ 500.
EOS (EOS) is a tough coin to understand. It is seldom clear what drives the price of this cryptocurrency apart from a lot of FOMO and hype. That being said, it has a lot of loyal supporters most of which appear to be whales who just love to pump this coin. The above chart for EOS/USD on the daily time frame shows that EOS (EOS) has finally found a strong near term support atop one of the Fibonacci Bollinger Bands.
Continue reading Can EOS (EOS) End The Year Above $ 20? at Crypto Daily™.
Event management startup Eventbrite (EB) recently priced its initial public offering (IPO) at $ 23 per share. The company’s stock opened trading at $ 36 on Thursday, with shares opening Friday at $ 34.94 and changing hands at $ 34.56 by midday, or 50% above the IPO price. The company’s reported sale of 100 million shares at $ 23 per share […]
SludgeFeed
Bitcoin could be in for a decent corrective rally if prices find acceptance above the key resistance of $ 6,400.
CoinDesk
Ethereum (ETH) has deepened problems for itself the last few days as the price has fallen through a series of supports which have now turned into resistances. The price on the 4H chart for ETH/USD above does not seem likely to break above the near term $ 202 resistance any time soon. This does not mean though that the price will fall below the support at $ 191 at this point. It would be very unlikely for that to happen at this point.
Continue reading Ethereum (ETH)’s Climb Back Above $ 300 Doesn’t Appear Easy at Crypto Daily™.
All cryptocurrencies are on the verge of noting some interesting gains over the next hours and days. The Bitcoin momentum remains firmly in place, yet it is the Monero price which is getting everyone’s attention as of right now. A very strong increase has pushed its value above $ 138 again, particularly when looking at some of the recent ecosystem developments.
Since early August, Bitcoin has shown a level of stability it hasn’t seen since early 2017. Throughout this week, bitcoin price has remained above the $ 7,200 mark. Since Sunday, the cryptocurrency market has not seen any major movement to both the upside and downside, possibly due to the lack of momentum and volume in Bitcoin,
The post Bitcoin Remains Above $ 7,200 For 3 Days; Where is the Market Headed? appeared first on CCN
“I want to be clear, Bitcoin (BTC) is going to $ 25,000 by year end” said Tom Lee of Fundstrat last month. This statement did not appear very convincing back then as Bitcoin (BTC) was in a tough spot, struggling to stay above the 21 EMA. This month though, as the monthly chart above for BTC/USD shows, the monthly candle strongly bounced up from the 21 EMA and is now about to close above the 21 EMA.
It has always been very difficult to predict the future cryptocurrency market momentum. Especially with the declining overall trading volume, it is impossible to make sense of these recent changes. Right now, it appears most currencies enjoy a positive spell, but looks can be deceiving. Even so, the TRON price is firing on all cylinders, for the time being.
It is always interesting to see how individual cryptocurrencies grow and evolve over time. Even though the year 2018 has been very challenging for a lot of projects in this regard, there are positive spells to take note of as well. For the TRON price, the current market momentum is rather positive. How long this current spell will last, is a very different matter altogether.