Crypto Market Showing Positive Signs: Bitcoin Cash, XLM, EOS, TRX Analysis

The total crypto market cap found a strong support near $122.0B and recently climbed higher. Bitcoin price bounced back above the $7,700 and $7,800 resistance levels. Bitcoin cash price gained a strong bullish momentum and jumped back above $400. EOS price is recovered above the key $6.00 and $6.05 resistance levels. Stellar (XLM) price is currently consolidating below the $0.1250 and $0.1300 resistance levels. Tron (TRX) price is holding the key $0.0265 and $0.0272 support levels. The crypto market cap is showing positive signs, with bullish moves in bitcoin (BTC)…

Bitcoin Price Analysis: Macro Resistance Could Push Price Down to $6,000s

Summary: The bitcoin market is seeing some pullback as the monthly and weekly resistance level has proven to be a tough level to crack. On the daily level we can see a couple of attempts to break the level, but ultimately this was matched with strong selling pressure. On bitcoin’s four-hour chart we can see that support that once held the market up is now turning into support with a failure to reclaim the level. If we fail to reclaim the $7,800s, we can expect to see a retest of…

Bitcoin Price Analysis: Where Is the Local Top for This Parabolic Run?

Summary: The bitcoin market has gone parabolic as we blasted off through two major weekly levels. The resistance got crushed due to a high amount of short positions that were force liquidated in an event known as a “short squeeze.” We are currently testing the $8,000 level but a major weekly resistance level looms directly overhead in the $8,150 area. The price structure is looking fairly climactic and we might see a strong round of selling hit the market that could potentially pull us down to retest the mid-$6,000s. If…

Crypto Market Smashes Resistance: Bitcoin Cash, Litecoin, EOS, ADA Analysis

The total crypto market cap climbed higher sharply and broke the key $170.0B resistance. Litecoin (LTC) price is up more than 6% and it recently broke the $74 resistance Bitcoin cash price surged more than 13% and surpassed the key $270 barrier. EOS price is slowly grinding higher towards the $4.85 and $4.90 resistance levels. Cardano (ADA) price is up more than 5% and broke the $0.0680 resistance level. The crypto market cap cleared many hurdles, with positive moves in bitcoin (BTC) and Ethereum (ETH). Altcoins such as bitcoin cash,…

Bitcoin Price Analysis: Short Squeeze Imminent as Bearish Pressure Weakens

Summary: Following unconfirmed claims by the NYC Attorney General regarding Bitfinex and Tether’s insolvency, the bitcoin market had a knee jerk reaction that caused us to retest macro support. However, this pullback barely made a scratch on the market structure as we didn’t manage to break our trend of higher lows. The move was swift, but after a few days of sideways consolidation, the market is now seeing a retest of macro resistance in the $5,300 level. So far, the market has yet to reclaim the broken support, but the…

Bitcoin Price Analysis: Resistance Turned Support Enforces Bullish Continuation

Summary: After breaking out of a macro reaccumulation range, the market saw a small pullback that led to a retest of prior resistance that is now being respected as support. The market was previously unable to close a daily level above $5,400 but so far after three tests, the market has established intraday support. The market structure remains bullish as we establish higher highs and higher lows. The next milestone for a bullish continuation is a daily close above the $5,600 level. Major resistance lies just overhead in the upper…

Crypto Market In Corrective Decrease: EOS, Bitcoin Cash, TRX, ADA Price Analysis

The total crypto market cap recently broke the key $170.0B support area. EOS price declined sharply and broke the $5.40 and $5.25 support levels. Bitcoin cash price declined around 4% and broke the $295 and $290 support levels. Tron (TRX) price failed to gain traction and cleared the $0.0252 support zone. Cardano (ADA) price is under pressure and it could decline towards the $0.0700 support. The crypto market is in a corrective decrease, with losses in bitcoin (BTC) and Ethereum (ETH). EOS, BCH, ripple, tron (TRX), ADA, BNB, and other…

Crypto Market Targets Fresh Highs: BNB Eyes $30, Bitcoin Cash, EOS, Tron Analysis

The total crypto market cap is positioned for more gains above the $180.0B resistance. EOS price is consolidating gains near $5.50 and it could surge above $5.60. Binance Coin (BNB) rallied above the $22.00 and $25.00 resistance levels. Bitcoin cash price is back above the $300 support area, with a positive angle. Tron (TRX) price is struggling to break the $0.0265 and $0.0268 resistance levels. The crypto market cap setting up for a new monthly high, with strong gains in binance coin (BNB). Bitcoin (BTC), Ethereum (ETH), bitcoin cash, tron…

Crypto Market Primed For Lift-Off: Bitcoin Cash, Litecoin (LTC), TRX, ADA Analysis

The total crypto market cap stayed above the key $160.0B support and climbed towards $170.0B. Litecoin (LTC) price recovered recently and moved above the $80 resistance. Bitcoin cash price extended gains and it could move higher towards the $320 level. Tron (TRX) price is currently consolidating above the key $0.0260 support area. Cardano (ADA) price must break the $0.0850 resistance to start a decent upward move. The crypto market cap is up more than $4 billion, with positive moves in bitcoin (BTC) and Ethereum (ETH). Ripple, litecoin (LTC), bitcoin cash,…