Bitcoin (BTC) Price Smashes Resistance: Primed For More Gains

Bitcoin price broke to the upside and cleared the $7,950 and $8,000 barriers against the US Dollar. The price even broke the $8,200 resistance area and it is currently correcting lower. There is another major breakout pattern forming with resistance near $8,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently trading with a positive bias above the $8,100 and $8,000 support levels. Bitcoin price started a strong rise after it broke the $8,000 barrier against the US Dollar. BTC is back in…

Bitcoin (BTC) Price Showing Signs of Recovery, $8,200 Could Prevent Gains

Bitcoin price started a slow and steady recovery above $7,600 against the US Dollar. The price is currently above $7,700, but the bulls could struggle near $8,000 or $8,140. There is a crucial bearish trend line forming with resistance near $8,120 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher, but it might struggle to clear the $8,080 and $8,140 resistances. Bitcoin price is slowly gaining pace above the $7,700 level against the US Dollar. BTC might continue higher, but the bulls…

Bitcoin (BTC) Price Consolidating Gains: Downside Thrust Before Higher

Bitcoin price started a decent upward move above the $8,500 level against the US Dollar. The price is trading with a positive tone above $8,600 and the 100 hourly simple moving average. There is a key bullish trend line forming with support at $8,640 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently consolidating and it could soon climb above the $8,800 resistance. Bitcoin price is currently trading in a range above $8,600 against the US Dollar. BTC could start a sharp upward…

Ethereum (ETH) Price Holding Gains: Key Resistances Nearby

ETH price recovered nicely after declining towards the $240 support area against the US Dollar. The price traded above the $270 level, but it seems to be struggling near $278 and $280. There is a short term breakout pattern forming with resistance near $270 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair remains well supported on dips as long as there is no close below the $250 support area. Ethereum price jumped back after correcting sharply versus the US Dollar, similar to bitcoin. ETH must gain…

Crypto Market Primed For Gains: Bitcoin Cash, EOS, TRX, ADA Analysis

The total crypto market cap tested the key support area near $245.0B and bounced back. Bitcoin price jumped sharply after testing the main $8,000 support area. EOS price is up more than 10% and it broke the $8.00 and $8.20 resistance levels. Bitcoin cash price tested the $420 support level and bounced back above $440. Tron (TRX) price is up more than 12% and it recently broke the $0.0350 resistance. Cardano (ADA) price is currently trading near the $0.0900 and $0.0905 resistance levels. The crypto market cap, bitcoin (BTC), Ethereum…

Ethereum (ETH) Price Reversed Gains: Support Turned Resistance

ETH price traded to a new 2019 high close to $290 and declined heavily against the US Dollar. The price reversed most its gains and traded below the $260 and $250 support levels. There was a break below a major bullish trend line with support at $266 on the hourly chart of ETH/USD (data feed via Kraken). The pair tested the $240 level and it is currently correcting higher towards the $260 and $264 resistances. Ethereum price declined heavily below $260 versus the US Dollar, but remained flat vs bitcoin.…

Bitcoin (BTC) Price Correcting Gains: 100 SMA Holds Key

Bitcoin price topped near the $8,950 level and recently corrected lower against the US Dollar. The price declined below the $8,700 and $8,620 support levels to enter a short term bearish zone. There is a major bullish trend line forming with support near $8,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $8,300 support area to start a fresh increase in the near term. Bitcoin price started a downside correction below $8,600 against the US Dollar. BTC is likely to…

Bitcoin (BTC) Price Consolidating Gains: Primed To Break $9K

Bitcoin price rallied recently above the $8,300 and $8,650 resistance levels against the US Dollar. The price traded to a new 2019 high at $8,952 and it is currently consolidating gains. There is a key bullish flag pattern forming with resistance near $8,860 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase once it clears the $8,860 and $8,900 resistance levels. Bitcoin price started consolidating gains after trading towards $9,000 against the US Dollar. BTC could correct in the short…

Bitcoin (BTC) Price Targets Additional Gains: Dips Remain Supported

Bitcoin price started a fresh increase after forming a support base above $6,900 against the US Dollar. The price gained bullish momentum above $7,400 and settled above the key $7,650 pivot level. There is a major bullish trend line forming with support near $7,610 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains well supported on the downside above $7,600 and it could soon break $8,200. Bitcoin price is positioned nicely in the positive zone above $7,600 against the US Dollar. BTC could correct…

Ethereum (ETH) Price Correcting Gains: Key Buy Zones Nearby

ETH price rebounded nicely and traded above the $240 and $250 resistances against the US Dollar. The price tested the $265 level and it is currently correcting lower towards the $240 support. There is a key bullish trend line forming with support near $240 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to find a strong buying interest near $240 and the 100 hourly simple moving average. Ethereum price remains in a strong uptrend above $240 versus the US Dollar, but consolidating vs bitcoin.…