The Case $7.5K Could Become Bitcoin’s New Price Support

Amidst a decline in the price of bitcoin, the world’s most valuable cryptocurrency could find support at $7,500 – that is if it follows past patterns on the charts. Bitcoin has faced selling pressure over the last few days, despite an impending golden crossover on the three-day chart – a bullish crossover of the 50- and 200-candle moving averages, as discussed last week. As of writing, the 50-candle moving average (MA) is on an upward trajectory and looks set to cross above the 200-candle MA in the next few days.…

Bitcoin Price (BTC) Breaks Key Support: $8,800 Bearish Target Could Be Real

Bitcoin price extended its declined and broke the key $10,800 support level against the US Dollar. The price even broke the last swing low and a major support area near the $10,500 level. There is a key bearish trend line forming with resistance near $10,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price remains in a strong target and it seems like the $8,880 bearish target seems real. Bitcoin price started a fresh decline below the $10,800 support against the US Dollar. BTC is…

Ethereum (ETH) Vulnerable, Prices Below A 3-Month Support Trend Line

Ethereum (ETH) is down 3.2 percent Omar Reyes, a candidate vying for a Congress seat in Florida, wants to issue an Ethereum token Props, an ERC-20 token, is compliant with a key regulation. As a result, investors can have a financial stake in the issuing company following SEC qualification. As of the time of writing, bears are in control after the July 11th’s breakout below the main support trend line. Ethereum Price Analysis Fundamentals Well, it appears as if blockchain is not immune from politics. The disruptive platform may have…

Bitcoin Down 7% While Ripple Price (XRP) Struggling To Hold Support

Ripple price remains in a bearish zone and it recently retested the $0.3840 support against the US dollar. The price is struggling to stay above the $0.3840 support and it could slide further. There is a major bearish trend line forming with resistance near $0.4050 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum price settled below $300 and it could decline further below the $275 support area. Ripple price is struggling to hold a couple of important supports against the US Dollar, while bitcoin declined…

Bitcoin And Crypto Market Cap Testing Support: BCH, XLM, EOS, TRX Analysis

The total crypto market cap declined recently, but stayed above the $280.0B support area. Bitcoin price is down more than 8% and it recently tested the $10,800-11,000 support area. BCH price is trading above the $400 support area and is facing hurdles near $425 and $430. EOS price is struggling to settle above the key $6.000 and $6.100 resistance levels. Stellar (XLM) price is trading well below the $0.1150 pivot level. Tron (TRX) price stayed above the main $0.0320 support area. The crypto market cap and bitcoin (BTC) are trading…

EOS Bears Biting Back As Price Drops 15.8%, Likely Support At $4

EOS slides 15.8 percent Interim constitution replaced with a new user agreement A new user agreement is in a place replacing the contentious Interim constitution. Even so, due to low voter turnout, block producers voted in their favor. As such, they retain a dominant role. Meanwhile, EOS sellers are pressing lower as prices tumble 15.8 percent in last week. EOS Price Analysis Fundamentals Above everything, despite their achievements since launch, EOS and Block One reception has been lackluster. While it dominates the the Center for Information and Industry Development (CCID)…

Bitcoin Risks Short-Term Bear Reversal Below $7.4K Price Support

View Bitcoin is on the defensive, having closed below $8,000 last week. The price has also established a bearish lower high at $8,135. A short-term bullish-to-bearish trend change, however, would be confirmed if the price drops below $7,432 (June 4 low), establishing a lower low. With the weekly chart reporting a bearish candlestick pattern, a UTC close below $7,432 looks likely. The daily relative strength index’s move above the falling trendline would revive the short-term bullish outlook. Bitcoin’s (BTC) bulls need to keep prices above key support at $7,432 to…

Bitcoin Struggles to Build Momentum After Defense of $7.4K Price Support

View Bitcoin is struggling to produce a stronger price bounce, despite the defense of the 4-hour chart’s 200-candle moving average – a sign of buyer exhaustion. A bear flag breakdown on the 4-hour chart, if confirmed, would open the doors to levels below $7,000. The daily chart continues to call a move lower to the 50-day price average, currently at $6,861. A minor rally to the $8,200–$8,300 range could be seen if the 4-hour 200-candle average at $7,568 again restricts downside. A UTC close above the downward sloping (bearish) 10-day…

Long-Term Support Level May Struggle to Revive Bitcoin Price Rally

View Bitcoin is again attempting a recovery from the 30-day moving average, currently at $7,710. The key average has consistently reversed price pullbacks in the last four months. This time, BTC is more likely to end up creating a bearish lower high (shallow bounce) or may find acceptance below the average in the next day or two, as both the daily and weekly technical indicators are calling a deeper price pullback. A UTC close below the 30-day MA would open the doors to $7,000. If the ongoing recovery from the…

Coinbase Adds Support for EOS Cryptocurrency on Retail Site and Apps

Coinbase has added support for the EOS cryptocurrency for its retail customers. The exchange announced in a blog post on May 30 that the option would be available on Coinbase.com and its Android and iOS apps, allowing users to buy, sell, convert, send, receive or just store EOS. The token was added to its Pro platform back in April. While the EOS option is now available for customers in “most” of Coinbase’s served jurisdictions, the U.K. and the U.S. state of New York are not included initially. “Additional jurisdictions may be…