Bitcoin (BTC) Price Defies Gravity: Next Bullish Break Could Hit $10K

Bitcoin price corrected lower sharply after trading to a new yearly high at $9,390 against the US Dollar. The price remained well bid and it is back above the key $9,000 pivot level. There is a crucial bullish trend line forming with support near $8,780 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to break the $9,260 and $9,300 levels to start the next bullish wave in the near term. Bitcoin price surged higher above $9,000 and $9,300 against the US Dollar.…

Bitcoin (BTC) Price Approaching Next Break: Bullish or Bearish?

Bitcoin price recovered recently above $7,900 and $8,000 against the US Dollar. The price failed to stay above $8,000, formed a swing high at $8,080, and recently declined below $7,900. There is a key breakout pattern forming with resistance near $7,940 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently under pressure and there is a risk of more losses below the $7,800 support. Bitcoin price failed to gain momentum above $8,000 and declined recently against the US Dollar. BTC is currently approaching…

Bitcoin (BTC) Price Recovers Sharply: Is This A Real Bullish Move?

Bitcoin price started a fresh upward move after trading as low as $7,519 against the US Dollar. The price gained pace above the $7,700 resistance and even traded above $7,800. Yesterday’s highlighted key bearish trend line was breached with resistance near $7,780 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is showing positive signs above the $7,800 support and the 100 hourly simple moving average. Bitcoin price started a strong rebound above $7,700 and $7,800 against the US Dollar. However, BTC must gain pace…

Ripple (XRP) Price Showing Bullish Signs: Look For Break Above $0.44

Ripple price started a decent recovery from the $0.3840 support area against the US dollar. The price traded above the $0.4000 resistance and it is currently showing positive signs. There was a break above a connecting bearish trend line with resistance at $0.4010 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently trading above the $0.4150 resistance and it could continue higher in the near term. Ripple price is showing positive signs against the US Dollar and bitcoin. XRP could continue to climb…

Bitcoin’s Overnight Crash Doesn’t Stop Experts From Remaining Macro Bullish

On May 30, overnight, the valuation of the crypto market dropped by $19 billion as the price of bitcoin (BTC) briefly dropped from $9,000 to $8,000 — a staggering 11% within a few hours on exchanges like Bitstamp. The drop of bitcoin to $8,000 was not visible on charts of market data providers like CoinMarketCap because the movement occurred in a short time frame. Bitcoin’s price immediately recovered to $8,300 following its abrupt decline, relieving some of the pressure from the rest of the crypto market and continues to rise…

Crypto Market Signaling Bullish Continuation: Bitcoin SV, BCH, BNB, ADA Analysis

The total crypto market cap is climbing higher and it might soon break the $270.0B barrier. Bitcoin SV price rallied close to 100% and traded above the $180 and $200 resistance levels. There were gains in bitcoin cash as well as it climbed above the main $450 barrier. Binance Coin (BNB) is gaining momentum and it might break the $35.00 resistance. Cardano (ADA) price is slowly moving higher towards the $0.0950 and $0.0980 resistance levels. The crypto market cap is climbing higher, with strong gains in bitcoin SV, BCH, BNB…

Ethereum (ETH) Price Sighting Significant Bullish Break Above $265

ETH price seems to be trading in a broad range below the $265 resistance against the US Dollar. The price recently recovered after testing the $230-231 support area. There is a major contracting triangle forming with resistance at $260 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair remains well supported on dips and it is likely to break the $265 and $270 resistances. Ethereum price is preparing for the next big move versus the US Dollar, similar to bitcoin. ETH could rally strongly once it clears…

Ethereum Foundation Determination is “Very” Bullish for ETH

Ethereum (ETH) up 15.8 percent $30 million set aside for Ethereum’s ecosystem development The Ethereum Foundation appears to be fast-tracking Ethereum 2.0 development after committing $30 million. Once Ethereum 2.0 activation, ETH bulls will benefit, and prices may soar back to their all-time highs. Ethereum Price Analysis Fundamentals Overly, Bitcoin price expansion in the last seven weeks or so was beneficial for altcoins, especially Ethereum (ETH). In May alone, the second most liquid asset rallied 55 percent after sinking to $75 in Dec 2018. However, with streams of supportive fundamentals…

Tether Limited “Investing” in Bitcoin (BTC) is a Bullish Signal

Bitcoin (BTC) ranging but stable A portion of Tether reserves was used to invest in Bitcoin (BTC) Tether and iFinex, the parent company, are controversial though they play a crucial role in the ecosystem. Despite their claim that every USDT in circulation is pegged 1:1 against the USD, it appears that they are also investing in Bitcoin and other assets according to the latest Supreme Court transcript. Bitcoin Price Analysis Fundamentals The controversy around Tether Limited, the official issuer of USDT or Tether, appears to be perpetual. A few weeks…

Bitcoin (BTC) Price Forecast Remains Bullish: Bulls Target $8.5K and $9K

Bitcoin price surged more than 10% and broke the key $8,000 barrier against the US Dollar. The price traded to a new 2019 high close to $8,180 and remains in a strong uptrend. There is a short term bullish pattern forming with resistance near $8,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally further towards $8,500 once it breaks $8,050 and $8,100. Bitcoin price rallied significantly and broke $8,000 against the US Dollar. BTC bulls remain in full control and they are…