Ethereum (ETH) Price In Corrective Decrease: $230 Support Holds Key

ETH price climbed further higher and tested $280 before correcting lower against the US Dollar. The price started a downside correction and traded below the $270 and $260 supports. There is a major bullish trend line forming with support near $252 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $230 support area to avoid an extended downside correction. Ethereum price climbed towards the $280 level before correcting lower versus the US Dollar and bitcoin. ETH is likely to find support near the…

Bitcoin (BTC) Price Rally Reaches Inflection Point: $6.1K and $6.8K Hold Key

Bitcoin price rallied another 4% and climbed above $5,850 against the US Dollar. The price is surging higher, but there are many hurdles near $6,000, $6,070 and $6,100. There was a break above a crucial bearish trend line at $4,730 on the daily chart of the BTC/USD pair (data feed from Kraken). The pair could spike above $6,000 or even towards $6,800 before correcting lower sharply. Bitcoin price is surging higher towards $6,000 against the US Dollar. BTC could extend gains, but it is facing two important hurdles near $6,100…

Bitcoin Risks Pullback After Rejections at Key 2018 Price Hurdle

View The June 2018 low of $5,780 is proving a tough nut to crack, as expected. BTC has failed to close above that level for three days in a row, indicating a price pullback may be needed to fuel a sustained move to $6,000. BTC looks to be creating a double-top bearish reversal pattern with neckline support at $5,510 on the 4-hour chart. A break lower could yield re-test of the 30-day MA, currently at $5,294. A strong bounce from the 30-day MA could fuel a sustained rise to $6,000.…

Bitcoin (BTC) Price Flirting With Key Support: Fresh Rise Likely

Bitcoin price corrected lower recently after trading above the $5,800 level against the US Dollar. The price declined below the $5,700 level and tested an important support near $5,580. There is a key bullish trend line forming with support near $5,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to bounce back above $5,700 as long as it is above $5,600 and $5,540. Bitcoin price remains well supported on the downside above $5,500 against the US Dollar. BTC could start a fresh…

Bitcoin on the Defensive But May See Bounce at Key Price Support

Bitcoin is looking south, as per the bearish divergence of the 14-day relative strength index and other short-term technical indicators. A deeper pullback to levels below $5,000, however, would remain elusive if the 30-day moving average (MA), currently at $5,107 holds ground. That average repeatedly limited losses in March. A rebound from the 30-day MA could be followed by re-test of recent highs above $5,600. A UTC close below the 30-day MA would strengthen the short-term bearish case and expose the 50-day MA lined up at $4,649. Bitcoin’s (BTC) short-term…

Bitcoin (BTC) Bulls Take Back Seat, $4,850 Holds The Key

Bitcoin price started a major downward move after it failed to stay above $5,150 against the US Dollar. The price declined below the $5,080 and $5,000 support levels to enter a short term bearish trend. There is a key declining channel in place with resistance at $5,040 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could decline further towards the main support near $4,850, where bulls could take a stand. Bitcoin price failed to hold the key $5,220 and $5,150 supports against the US…

For the First Time in 442 Days, Key Bitcoin Indicator Shows Positive Sign

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. The bitcoin price just accomplished something it failed to do every day for more than a year, and it has speculators foaming at the mouth. For the first time in…

Ethereum Price Analysis: ETH Bulls Battling Near Key Support

ETH price corrected lower recently after trading close to the $140 resistance against the US Dollar. The price tested the key $137 support level, which was a resistance earlier. There is a new connecting bullish trend line formed with support above $135 on the hourly chart of ETH/USD (data feed via Kraken). Bulls are currently battling near the $137 support as the price remains in a bullish zone. Ethereum price is consolidating above key supports against the US Dollar and bitcoin. ETH could pump higher once it clears the $139…

Bitcoin Probes Key Price Support Below $3.9K After Range Breakdown

View Bitcoin fell below $3,920 yesterday, as expected, confirming a short-term bullish-to-bearish trend change. As a result, the crucial support of the 30-day moving average, currently at $3,883, could be breached in the next day or two. A break below the 30-day MA, if confirmed, would strengthen the case for a deeper drop toward the key support levels lined up at $3,775 and $3,658. A strong bounce from the 30-day MA would weaken the bearish case. That said, a UTC close above $4,055 is needed to revive the bullish view.…

Key Technical Indicator Shows BTC Surging to $5,500

Throughout the past three months, the bitcoin price has flirted with the $4,200 resistance level, often struggling to maintain momentum above the key $4,000 mark. Several traders have demonstrated concerns over the extended period of stability demonstrated by bitcoin because, in late 2018, the cryptocurrency recorded a drop of around 50 percent following three months of stagnation in the $6,300 to $6,500 range. However, a cryptocurrency technical analyst known to the community as “Galaxy” has said that once bitcoin breaks out of a key resistance level above $4,000, it could…