Tag Archives: Crucial

Bitcoin Surged Past $3,900 But it May Be Too Early For the Crucial $4,000 Level

Bitcoin Surged Past $3,900 But it May Be Too Early For the Crucial $4,000 Level

For the first time in a blue moon, the crypto market underwent a notable rally. Since Ethereum (ETH) bulls began to show signs of life on Sunday, with the cryptocurrency rallying past $130, Bitcoin (BTC) and other digital assets have followed close behind. As of the time of writing, BTC has found itself at $3,920, approaching the ever-important level of technical and psychological resistance at $4,000. Ether has neared its $150 mark, as ETHDenver and the upcoming Constantinople hard fork have seemingly given the asset a slight […]

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Ethereum Price Analysis: ETH Consolidating Below Crucial Barriers

Ethereum Price Analysis: ETH Consolidating Below Crucial Barriers

ETH price declined recently below $120 and tested the key $112 support area against the US Dollar. Yesterday’s highlighted important bearish trend line is intact with resistance at $118 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently consolidating below the $118 and $120 resistance, with a few positive moves. Ethereum price is placed in a bearish zone against the US Dollar and bitcoin. ETH/USD must break the $118 and $120 resistances to start a short term upside correction. Ethereum Price Analysis […]

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Bitcoin Price Watch: BTC Runs Into Crucial Resistance, What’s Next?

Bitcoin Price Watch: BTC Runs Into Crucial Resistance, What’s Next?

Bitcoin price climbed higher sharply after diving below the $3,480 support level against the US Dollar. Yesterday’s highlighted key bearish trend line is intact with resistance near $3,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is facing a crucial resistance near $3,600, above which it could rally towards $3,700 or $3,750. Bitcoin price is showing positive signs above the $3,520 level support against the US Dollar. Having said that, BTC is struggling to clear the key $3,600 resistance level. Bitcoin […]

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Ethereum Price Weekly Analysis: ETH’s Next Crucial Break Is Near

Ethereum Price Analysis: ETH Staging Decent Comeback, Could Test $125

ETH price remained below the $120 and $125 resistance levels against the US Dollar. There is a crucial bearish trend line formed with resistance at $116 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair needs to surpass the $116, $117 and $120 resistance level for a decent upside move. Ethereum price is trading in a tight range versus the US Dollar and Bitcoin. ETH/USD could struggle to move past $120, which might result in a bearish break below $112. Ethereum Price Analysis This […]

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Bitcoin Price Watch: BTC Rebound Reaching Crucial Juncture

Bitcoin Price Analysis: $3,800 is Definitive for BTC

Bitcoin price started a short term rebound and broke the $3,400 resistance level against the US Dollar. This week’s followed major bearish trend line was breached with resistance at $3,440 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is now approaching a few important resistances, including $3,475, $3,500 and $3,516. Bitcoin price recovered nicely from the $3,340 swing low against the US Dollar. However, BTC price is still below a few key hurdles near the $3,475 and $3,500 levels. Bitcoin Price […]

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Bitcoin Price Weekly Analysis: BTC Rebound Approaching Crucial Resistance

Bitcoin Price Watch: BTC At Continued Risk of Weakness

Bitcoin price formed a support base near $3,370 and recovered higher above $3,450 against the US Dollar. There was a break above a major contracting triangle with resistance at $3,440 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair seems to be approaching a couple of important resistances near $3,500 and $3,510. Bitcoin price is slowly moving higher with positive signs against the US Dollar. However, BTC/USD is now approaching a significant hurdle near the $3,500 resistance zone. Bitcoin Price Analysis This […]

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Ripple Price Analysis: XRP Testing Crucial Support, Breakdown Incoming?

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Ripple price is under pressure and it recently broke the $0.2980 support level against the US dollar. There is a major bearish trend line formed with resistance near $0.2980 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could accelerate losses if there is a downside break below the $0.2940 support in the near term. Ripple price declined further and broke key supports against the US Dollar and Bitcoin. XRP/USD is currently at a risk of a downside break below the $0.2940 […]

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Ripple Price Analysis: XRP’s Correction Reaches Crucial Juncture

Ripple Price Analysis: XRP Poised To Break $0.3000 Support

Ripple price started a downside correction and traded below the $0.3050 support against the US dollar. There is a major declining channel in place with resistance near $0.3040 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is under pressure and it seems to be approaching the key $0.2915 support area. Ripple price corrected most its gains against the US Dollar and Bitcoin. XRP/USD settled below $0.3050 and it could extend the current correction towards the $0.2915 support area. Ripple Price Analysis […]

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Bitcoin Price Watch: BTC Buyers Eye Next Crucial Bullish Break

Bitcoin Price Analysis: $3,800 is Definitive for BTC

Bitcoin price dived with bearish moves and retested the key $3,540 support area against the US Dollar. There is a crucial declining channel in place with resistance at $3,585 on the hourly chart of the BTC/USD pair (data feed from Kraken). A break above the channel resistance and $3,600 could spark more upsides in the near term. On the downside, the main supports for buyers are near $3,540 and $3,500. Bitcoin price is consolidating above key supports against the US Dollar. BTC buyers are eyeing the next […]

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