Bitcoin Price Analysis: Slow Grind Could Lead to Short Squeeze

Last Friday, we discussed a macro resistance level bitcoin would likely test. The level was tested three times prior and immediately rejected. Now, for the fourth time, we find ourselves situated above the level as we wait to see if our support holds: Figure 1: BTC-USD, Daily Candles, Fourth Test of Macro Resistance The first three attempts to hold support above the black, broken resistance have been stifled with relatively high amounts of volume. However, something to note is that the three rejections of the overhead resistance have become weaker…

Ethereum Price Analysis: ETH Bulls Are Back, $150 Could Be Next

ETH price broke a few important resistance levels near the $134 level against the US Dollar. The price gained traction and settled above the $134 and $136 resistance levels. This was a break above a few continuation patterns near $133 and $136 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently trading near the $139 resistance and it could continue to trade higher in the near term. Ethereum price is gaining bullish momentum against the US Dollar and bitcoin. ETH is likely to break the…

Bitcoin Price Analysis: Could Three Times Be the Charm for This…

Bitcoin remains in its tightly coiled range as the market continues its sideways trend for the third week in a row. While macro support has been tested three times recently, we have yet to test the overhanging macro resistance: Figure 1: BTC-USD, Daily Candles, Narrow Range The blue zone outlined above shows a very strong zone of support that, over the last few weeks, has seen three strong tests and has led to a slowly upward-drifting market consolidation. Since re-establishing support, the market has yet to see a meaningful retest…

Ripple Price Analysis: XRP Could Trade Lower As Recovery Falls Flat

Ripple price failed to hold gains above the $0.3120 and $0.3100 supports against the US dollar. The price tested the $0.3060 support and it is currently trading near the $0.3100 pivot level. There is a key contracting triangle in place with resistance at $0.3110 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could either dip sharply below $0.3060 or it may rise above the $0.3110 and $0.3120 resistances. Ripple price trimmed its recent gains and declined against the US Dollar and bitcoin. XRP/USD might…

Crypto Mogul Moshe Hogeg’s ICOs Have Unusual Patterns, Analysis Finds

Best-known internationally as the chief executive of the blockchain smartphone startup Sirin Labs, Moshe Hogeg is becoming known for something else in Israel – mounting lawsuits. As reported extensively by regional news outlets, a lawsuit filed in January claims Hogeg misappropriated funds from the sale of new cryptocurrencies for both his own gain and to benefit his investment portfolio, including Sirin Labs. The judge has reportedly given Hogeg until March 15 to settle with the plaintiff, Chinese investor Zhewen Hu. This follows an earlier case involving Hogeg’s company Invest.com that…

Bitcoin Price Analysis: Low Time Frames Show Signs of Life Amid Weekly Tests

Bitcoin continues to coil tightly within its range-bound market as the bulls and bears fight it out to see which is most dominant. On the lower time frames (TF), bitcoin is managing to find support: Figure 1: BTC-USD, 2-Hour Candles, Low TF Support The zone outlined by the green line in Figure 1 represents local support that has kept the market afloat for the last week and a half. Late last night, we saw another test of this support level has failed to break it thus far. On a macro…

Bitcoin (BTC) Price Weekly Analysis: Trend Overwhelmingly Bullish To $4,200

Bitcoin price slowly moved higher and dips remained supported above $3,800 against the US Dollar. The price fell significantly recently, but buyers protected the $3,800 support area. There is a crucial ascending channel is in place with support at $3,830 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair remains in an uptrend and it is likely to accelerate above $4,000 and $4,100 in the near term. Bitcoin price is grinding higher with a positive bias above $3,800 against the US Dollar. BTC/USD buyers are…

Ethereum Price Weekly Analysis: ETH Preparing For Larger Breakout

ETH price continues to face a strong resistance just below the $140 level against the US Dollar. The price dipped sharply recently, but it recovered above the $134 support level. There is a key bullish trend line forming with support at $132 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair remains supported on dips and it could still break the $140 resistance area in the near term. Ethereum price is facing many hurdles versus the US Dollar and Bitcoin. ETH/USD’s recent decline was brought back and…

Bitcoin Price Analysis: New High Paves Potential Reversal Setup

After days and days of consolidation, bitcoin finally managed to break a new high for the first time in almost two weeks. This new high, so far, has been short lived, however, as it was almost immediately sold into by eager bears: Figure 1: BTC-USD, 4-Hour Candles, New High Our current 4-hour candle is seeing a relatively easy retracement after days and days of an upward grind. We managed to close a new high, but it was quickly rejected and, depending on where the currently daily closes, could lead to…

Crypto Market At Crucial Juncture: Bitcoin Cash, EOS, XLM, TRX Price Analysis

The total crypto market cap faced a strong resistance near $130.0B and declined. Bitcoin cash price failed to break the $134 resistance and declined towards $130. EOS price is currently correcting lower and it may test the $2.65 support level. Stellar (XLM) price failed to move above the $0.0900 resistance and declined. Tron (TRX) is declining towards the $0.0225 and $0.0220 support levels. The crypto market is facing a strong resistance and upsides are capped in bitcoin (BTC) and Ethereum (ETH). It seems like BCH, EOS, ripple, stellar (XLM) and…