Crypto Market Starts Fresh Increase: Bitcoin Cash, BNB, EOS, TRX Price Analysis

The total crypto market cap found support near $236.0B and jumped sharply above $245.0B. Bitcoin price broke the key $8,000 resistance level to move into a positive zone. EOS price broke the $6.40 and $6.50 resistance levels to start a decent recovery. Binance Coin (BNB) is up more than 5% and it recently broke the $35.00 resistance. Bitcoin cash price is above to break the $400 barrier to move into a bullish area. Tron (TRX) price gained nearly 6% and it recently broke the key $0.0320 resistance. The crypto market…

Bitcoin (BTC) Price Weekly Forecast: Technical Bias Signaling Fresh Increase

There was a sharp decline in bitcoin price after it spiked above the $9,000 level against the US Dollar. The price declined below the $8,600 support and tested the key $8,000 support area. There was a break below a major bullish trend line with support near $8,540 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair tested the $8,000 support area ad recently bounced back above $8,400 and $8,500. Bitcoin price recovered sharply after a major drop to $8,000 against the US Dollar. BTC is…

Bitcoin (BTC) Price Signaling Fresh Increase: Buying Dips Favored

Bitcoin price corrected lower recently and tested the $8,425 support against the US Dollar. The price bounced back and it is currently trading above the $8,600 resistance area. There was a break above a key bearish trend line with resistance at $8,690 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains well supported on dips and it is likely to climb above $8,800 in the near term. Bitcoin price tested the key $8,425 support and the 100 hourly SMA against the US Dollar. BTC…

Ripple (XRP) Price In Crucial Uptrend: Fresh Increase Likely

Ripple price rallied recently above the $0.4240 and $0.4500 resistance levels against the US dollar. The price traded to a new weekly high at $0.4599 and it is currently correcting lower. There is a major bullish trend line forming with support at $0.4320 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to bounce back as long as it is trading above the $0.4152 pivot level. Ripple price is trading with a positive bias against the US Dollar and bitcoin. XRP is currently…

Bitcoin (BTC) Price Smashes Resistance: Bulls Target Fresh High

Bitcoin price started a strong rise above the $7,800 and $8,000 resistances against the US Dollar. The price gained traction and even traded close to the $8,200 resistance area. This week’s followed important declining channel was breached near $7,960 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently forming a triangle pattern and it could continue higher above $8,150 and $8,200. Bitcoin price jumped back into a positive zone above $7,800 against the US Dollar. BTC is currently forming a bullish pattern and…

Bitcoin (BTC) Price Trading Sideways: Bulls Eyeing Fresh Increase

Bitcoin price failed to gain momentum above $8,150 and $8,200 against the US Dollar. The price is slowly moving lower in a range and it could test the $7,700 or $7,660 support. This week’s followed key bullish trend line was breached with support near $7,980 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair may continue to trade in a range before a fresh increase above the $8,000 and $8,150 levels. Bitcoin price is struggling to climb further higher within range against the US Dollar.…

Ethereum (ETH) Price Grinding Higher: Fresh Rise Above $265 Likely

ETH price is slowly moving higher and it is currently holding the $250 support against the US Dollar. The price is likely to gain pace above the $265 and $270 resistance levels in the near term. Yesterday’s highlighted ascending channel is intact with support near $252 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains in a decent uptrend and it seems like there could be more gains above $270. Ethereum price is trading with a positive bias above the $250 support versus the US Dollar,…

Ethereum (ETH) Price Surging: Bulls Eyeing Fresh 2019 High

ETH price started a fresh increase after a sharp downside correction towards $225 against the US Dollar. The price is currently gaining traction and it broke the $240 and $245 resistance levels. There is a crucial bullish trend line in place with support near $236 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is surging higher and it seems like there could be more gains towards the $275 and $285 levels. Ethereum price is once again gaining bullish momentum versus the US Dollar, similar to bitcoin.…

Bitcoin (BTC) Price Near Inflection Point: Fresh Increase Likely

Bitcoin price declined heavily yesterday and traded close to the $6,650 support against the US Dollar. The price traded as low as $6,645 and it is currently recovering towards the $7,400 level. There is a key bearish trend line forming with resistance at $7,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair needs to clear the $7,400 and $7,512 resistance levels to start a strong upward move. Bitcoin price seems to be forming a new support base above $7,000 against the US Dollar. BTC…

Bitcoin Price Crosses $7,500 to Establish Fresh 2019 High

The bitcoin price has jumped above $7,500 to discover its fresh yearly high. The world’s largest cryptocurrency established $7,568.32 as its new session peak, bringing its year-to-date net rebound up to 140 percent on San Francisco-based Coinbase exchange. The broader cryptocurrency market tailed bitcoin’s uptrend, with a majority of top assets posting double-digit gains, including Bitcoin Cash, Litecoin, EOS, and Ethereum. Even Bitcoin SV, which lately faced trading ban at several cryptocurrency exchanges, saw a 10 percent appreciation in the last 24 hours. What’s Driving Bitcoin Bulls Bitcoin Establishes New…