Tag Archives: Resistance

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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Ripple Price Analysis: XRP Trading Sideways Below Key Resistance

Ripple Price Analysis: XRP Accumulation, Bull Pressure Building Up

Ripple price corrected lower and tested the $0.3130 support area against the US dollar. There was a break above a key declining channel with resistance at $0.3145 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently trading in a range below the key resistance levels at $0.3200 and $0.3220. Ripple price remains supported on dips against the US Dollar and Bitcoin. However, XRP/USD must break the $0.3200 and $0.3220 resistance levels to gain bullish momentum. Ripple Price Analysis Yesterday, we […]

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Ripple Price Analysis: XRP’s Previous Support Now Resistance

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Ripple price failed to stay above the $0.3000 support and declined heavily below $0.2900 against the US dollar. Yesterday’s highlighted important bearish trend line is in place with resistance at $0.2980 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair recovered nicely after trading as low as $0.2777, but it is facing sellers near $0.2950. Ripple price declined sharply and gained bearish momentum against the US Dollar and Bitcoin. XRP/USD is currently facing a solid resistance near previous supports at $0.2950. Ripple […]

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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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Ethereum Price Analysis: ETH Facing Uphill Task Near $105 Resistance

Ethereum Price Analysis: ETH Consolidating Below Crucial Barriers

ETH price declined recently, tested the $100 support, and later recovered against the US Dollar. There is a major bearish trend line formed with resistance near $105 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to face a strong resistance near $105 and the 100 hourly simple moving average. Ethereum price started a short term correction against the US Dollar and bitcoin. ETH/USD is likely to fail near $105 or $107 and it will most likely resume its slide. Ethereum Price […]

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Bitcoin Bulls Break Resistance, Where Will BTC Go Next?

Bitcoin Bulls Break Resistance, Where Will BTC Go Next?

There has been no shortage of price predictions for Bitcoin over the past couple of months. As the bears tighten their grip on crypto markets and the winter deepens it all appears to be doom and gloom. A Short Term Bounce For Bitcoin A ray of light broke through the winter clouds yesterday when crypto markets surged by $10 billion. Bitcoin led the charge when it punched through resistance at $3,500 and then again at $3,600 just 15 minutes later. For weeks BTC has been lulling around […]

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Analysts Expect Bitcoin (BTC) to Climb Higher Before Hitting Resistance and Dropping

Analysts Expect Bitcoin (BTC) to Climb Higher Before Hitting Resistance and Dropping

Following the crypto market’s quiet weekend trading session, most cryptocurrencies have continued to trade flat, and have thus far maintained nearly all of their recent price gains that were incurred during Friday’s market surge. Bitcoin (BTC) has found stability in the mid-$3,600 region and appears to be forming $3,700 as a level of resistance. Multiple analysts now expect Bitcoin to form another upwards leg before hitting a strong resistance level, which is unlikely to be swiftly broken above unless the cryptocurrency’s bulls garner a significant amount of […]

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Ethereum Price Analysis: ETH Rallies Above Key Resistance, Next Target $145

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

ETH price gained strength above the $125 and $130 resistance levels against the US Dollar. There was a proper close above the $130 resistance level and the 100 hourly simple moving average. There is a key bullish trend line in place with support at $128 on the hourly chart of ETH/USD (data feed via Kraken). The price is likely to continue higher and the next targets for buyers could be $140 and $145. Ethereum price is gaining strength above key levels against the US Dollar and bitcoin. […]

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Crypto Market Cap at Critical Resistance, Is Altcoin Season Around The Corner?

Crypto Market Cap at Critical Resistance, Is Altcoin Season Around The Corner?

The current crypto winter and bear market has been brutal for Bitcoin investors who are now underwater, but it’s been even worse for many altcoin holders. Most of the thousands of altcoins on the market have fallen as much as 99% from their all-time high prices, have reached extremely oversold conditions, and are at the absolute bottom of the barrel sentiment-wise. However, according to one crypto analyst, altcoins are on the verge of breaking out of long-term downtrend resistance and an “altseason” may be around the corner. […]

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Bitcoin Price Skyrockets, But BTC Faces Growing Resistance Around $4,000

Bitcoin Experiences Unusual Trading Volume Spike as BTC Continues Trading Sideways

Bitcoin has been able to maintain its upwards momentum that it incurred a few days ago and BTC has now pushed up to $4,000. This upwards price move has been fueled by a surge in trading volume, but one analyst is now importantly noting that trading volume over high-time-frames must improve in order for an upwards price move to be sustained long-term. Other analysts are also importantly noting that Bitcoin is now beginning to establish $4,000 as a level of resistance, which could prove to be a […]

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