Tag: Price

Ethereum Price Analysis: ETH/USD Extends Losses, $200 Holds Key

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Key Highlights ETH price declined further and broke the important $206 support against the US Dollar. This week’s followed key bearish trend line is still in place with resistance at $208 on the hourly chart of ETH/USD (data feed via Kraken). The pair is under pressure below $208 and $206, which could result in more losses in the near term. Ethereum price extended losses against the US Dollar and bitcoin. ETH/USD could continue to move down towards the $200 or $198 support level. Ethereum Price Analysis During the past three…

Bitcoin Cash Price Analysis: BCH/USD Consolidating Near $500

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Key Points Bitcoin cash price stayed above the $496 swing low and consolidated against the US Dollar. There was a break above a key bearish trend line with resistance at $510 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair struggled to move above the $530 resistance and the 100 hourly simple moving average. Bitcoin cash price mostly consolidated near $500 against the US Dollar. BCH/USD must break the $530-540 resistance zone for a decent recovery. Bitcoin Cash Price Analysis Yesterday, there was another break…

Bitcoin Price Decline Will Persist until Mid-2019: Crypto Analyst Willy Woo

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Twitter Facebook LinkedIn When the bitcoin price flatlined near $6,500 in mid-October, many crypto analysts predicted that the bears had finally become winded following a market downturn that has persisted for nearly a year and that the market could be primed for a December rally. However, technical analyst and trader Willy Woo does not believe that the flagship cryptocurrency’s immediate future is quite so rosy. Writing on Twitter, Woo said that he does not expect the bitcoin price to find a floor until the second quarter of 2019, meaning that…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, Nov. 12

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Nikolay Storonsky, CEO and co-founder of Revolut Ltd., a digital banking provider with a user base of two million, has said at the Web Summit 2018 in Lisbon, that large institutions are showing little interest in digital assets. Any new technology takes time…

Bitcoin Back on the Defensive After Price Hits Two-Week Low

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Bitcoin’s (BTC) price dropped to two-week lows earlier today and could extend the decline to key support near $6,100, technical charts indicate. The leading cryptocurrency was teasing a bullish move 24-hours ago, having carved out a lower high of $6,270 along the support of the trendline connecting the Oct. 11 low and Oct. 31 low. The defense of the key trendline support was also backed by a bullish divergence of the MACD (moving average convergence divergence) histogram. Even so, BTC failed to pick up a bid, possibly due to sharp…

Bitcoin Price Watch: BTC/USD Could Tumble Below $6,250

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Key Points Bitcoin price extended losses and traded to a new weekly low at $6,261 against the US Dollar. There is a major bearish trend line in place with resistance at $6,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is at a risk of more declines below the $6,275 and $6,260 support levels in the near term. Bitcoin price is currently in a downtrend below $6,350 against the US Dollar. BTC/USD could tumble once there is a break and close below the $6,250…

Ethereum Price Analysis: Close Below $206 Could Be Destructive for ETH/USD

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Key Highlights ETH price is facing a tough resistance near the $209.00 and $210.00 levels against the US Dollar. Yesterday’s highlighted major bearish trend line is intact with resistance at $209 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate declines if there is a close below the $206 support. Ethereum price is trading near key supports against the US Dollar and bitcoin. ETH/USD needs to climb above $209 and $210 to avoid a downside break. Ethereum Price Analysis Yesterday, we discussed an important support…

Bitcoin Price Bleeds to Low $6,300 as Investors Carefully Observe the Market

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Twitter Facebook LinkedIn Over the last 24 hours, the price of Bitcoin has fallen from around $6,400 to $6,300, recording two consecutive sell candles on its daily chart. Although the volume of Bitcoin remains above $4.4 billion, up more than 46 percent from earlier this month when the daily trading volume of the dominant cryptocurrency averaged at around $3 billion, BTC is struggling to sustain momentum in the mid-$6,000 region. In the short-term, it is highly likely for BTC to retest the $6,200 region unless it swiftly bounces above the…

Ethereum Classic Price Analysis: ETC/USD Could Tumble Below $9.00

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Key Highlights Ethereum classic price is currently under pressure below the $9.25 support against the US dollar. There is a major bearish trend line in place with resistance at $9.25 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair remains at a risk of more losses below $9.00 if it fails to move above $9.25. Ethereum classic price is currently in a bearish zone against the US Dollar and Bitcoin. ETC/USD may perhaps continue to decline towards $8.80 or $8.60. Ethereum Classic Price Analysis In…

Ripple Price Analysis: XRP/USD Consolidating Above $0.5000

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Key Highlights Ripple price recovered a few points, but it faced sellers near $0.5250 against the US dollar. There is a short term bullish trend line formed with support at $0.5050 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may continue to consolidate above the $0.5000 support in the next couple of sessions. Ripple price is currently trading in a range against the US Dollar and Bitcoin. XRP/USD must break the $0.5200-0.5250 resistance to move into a bullish zone. Ripple Price Analysis Yesterday, we…