Bitcoin Price Trending Higher as World’s Economic Order Derails

On the day the US President Donald Trump announced tariffs on more than $300 billion worth of Chinese goods, he unknowingly woke up a bullish trend in a completely unrelated market. Bitcoin, the world’s leading cryptocurrency, climbed more than 58 percent to hit $9,090 in May 2019, a month which parallelly saw US market’s benchmark indicator, the S&P 500 Index, falling by 6.58 percent — as concerns ascended over the worsening trade war between the US and China. At the same time, the Bitcoin market also performed exponentially better than…

Ethereum (ETH) Price Grinding Higher: $255 Presents Crucial Challenge

ETH price started a steady rebound above the $240 and $245 resistance levels against the US Dollar. The price traded close to the $250 resistance area and it is currently consolidating in a range. There was a break above a key bearish trend line with resistance near $237 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently trading with a positive bias, but it might struggle near $252 and $255. Ethereum price is showing signs of a decent recovery versus the US Dollar, similar to…

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…

Ripple (XRP) Price Holding Key Support: Downside Thrust Before Higher?

Ripple price corrected lower, but the $0.4200 area acted as a strong support against the US dollar. The price bounced back above the $0.4340 and $0.4400 levels to move back in a positive zone. Yesterday’s highlighted crucial ascending channel is intact with support at $0.4380 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to correct lower once again before a fresh increase above the $0.4600 resistance area. Ripple price is gaining bullish momentum against the US Dollar and bitcoin. XRP might dip…

Bitcoin (BTC) Price Facing Uphill Task: Another Dip Before Higher?

Bitcoin price declined recently and tested the key $7,500 support area against the US Dollar. The price rebounded and traded above the $7,780 and $7,850 resistance levels. Yesterday’s highlighted key declining channel is acting as a barrier near $7,980 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could drop once again towards the $7,720 support area before it starts a fresh increase. Bitcoin price rebounded nicely above $7,700 and $7,850 against the US Dollar. However, BTC is facing a strong resistance and it could…

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,…

Ripple (XRP) Price Rallies 15%: Bulls Now Aim $0.42 or Higher

Ripple price surged higher and broke the $0.3150 and $0.3300 resistance levels against the US dollar. The price even broke the $0.3500 resistance and tested the $0.3750 resistance area. There was a break above a major contracting triangle with resistance at $0.3240 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair traded as high as $0.3778 and it may continue to grind higher towards $0.4000 or $0.4200. Ripple price rallied significantly above $0.3500 against the US Dollar, plus recovered versus bitcoin. XRP is now well…

Ethereum (ETH) Price Smashes Resistance: Bulls Target $220 or Higher

ETH price broke the main hurdle near the $178 and $180 resistance levels against the US Dollar. The price even broke the $200 resistance level before starting a downside correction. There is a major bullish trend line in place with support near $178 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair remains well supported on dips and it could rally strongly above $200 and $210. Ethereum price finally gained bullish momentum versus the US Dollar, along with bitcoin. ETH seems to be eyeing a larger upward…

Crypto Market, Bitcoin Cruising Higher: Bitcoin Cash, Litecoin, TRX, XLM Analysis

The total crypto market cap is placed nicely above $180.0B and it could accelerate higher. Bitcoin price is gaining momentum and it recently surged to a new 2019 above $6,050. Litecoin (LTC) price broke the $75 resistance and it seems like it could grind higher towards $80. Bitcoin cash price is once again moving higher towards the key $295 and $300 resistances. Tron (TRX) price broke the $0.0242 resistance to move into a positive zone. Stellar (XLM) price seems to be consolidating below the key $0.0980 and $0.1000 resistances. The…

Ripple (XRP) Price Poised To Break Higher: BTC, ETH Surging

Ripple price formed a decent support near the $0.2915 level and climbed higher against the US dollar. The price broke the $0.2950 resistance and it looks set to gain bullish momentum in the near term. Yesterday’s highlighted bearish trend line is about to give way with resistance near $0.2988 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a strong upward move if it breaks the $0.3000 and $0.3020 resistance levels. Ripple price is slowly recovering higher against the US Dollar, while bitcoin…