Bitcoin Price (BTC) Hesitates But Further Gains Seem Likely

Bitcoin price is trading with a positive bias and recently climbed above $10,800 against the US Dollar. The price is currently trading above the $10,500 support and it could continue to rise in the near term. Yesterday’s highlighted key bullish trend line is providing support near $10,510 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to grind higher as long as there is no close below the $10,400 support area. Bitcoin price is showing a lot of positive signs above $10,500 against…

Bitcoin Short of Bull Target Despite Five Days of Price Gains

View Bitcoin’s five-day winning run, the longest in a month, has neutralized the short-term bearish view. A UTC close above the lower high of $10,956 created on Aug. 20 is needed for a bullish revival. Volumes picked up on Tuesday, adding credence to Monday’s triangle breakout on the daily chart. So, a rise to $10,956 may be on the cards. The probability of a move above $10,956 would weaken if the prices drop below key the crucial support at $10,286 on the hourly chart. Acceptance below that level could yield…

Bitcoin Extend Gains as Yuan, Pound Hits Record Low

Bitcoin continued its ride to the upside as investors/speculators weighed in the prospects of dwindling government currencies. The benchmark cryptocurrency today established a session high of $10,500, bringing its five-day gains to as high as 12.44 percent on San Francisco-based Coinbase exchange. The move appeared after a depressive August, wherein bitcoin lost about 25 percent of its market capitalization largely owing to overbought conditions. Nevertheless, the asset kept its long-term bullish bias intact, confirmed by its year-to-date performance, which remained well above 150 percent despite the interim downside corrections. Bitcoin…

Bitcoin Extend Gains as US-China Tariffs Take its Toll

Bitcoin posted modest gains in its September debut as the US introduced additional tariffs of 15 percent on $112 billion of Chinese goods. Bitcoin trending higher gradually | Image Credits: TradingView.com The benchmark cryptocurrency added 0.20 percent to trade at $9,800 in early Monday morning, bringing its local net rebound up by as much as 5.8 percent – as measured from Friday’s low of $9,321.73. The first signs of a positive month followed three weeks of depression, wherein the bitcoin erased about $2,300 off its spot rate. Long traders called it…

“Golden” Bullish Bitcoin Price Signal: Are 5000% BTC Gains Ahead?

While 2018 was most certainly a bear market for Bitcoin and crypto assets, 2019 has been mostly a bull market or at least the beginning stages of one. The latest in the growing list of signs the leading crypto asset by market cap is building a bullish foundation and will rise to new all-time highs, is a “golden cross” on three-day Bitcoin price charts. The last time this occurred, was in February 2016, and from there, Bitcoin went on to bring investors a 4,900% return on investment. Could the same…

Bitcoin Price (BTC/USD) Correcting Gains, Dips Remain Supported

Bitcoin price climbed higher recently and broke the $10,000 resistance area against the US Dollar. The price retested the $10,200 resistance area and it is currently correcting lower. There was a break below a short term ascending channel with support near $10,020 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently correcting lower, but dips remain supported near the $9,850 and $9,800 levels. Recently, there was a nice upward move in bitcoin price above $10,000 against the US Dollar. BTC price retested the…

Ripple (XRP) Poised For More Gains, Prices Rebound From Q1 Support

Ripple (XRP) is up 2.6 percent Footprints in the Middle East and Southeast Asia highlight Ripple’s advantages SWIFT is dominant, but Ripple’s progress is noticeable. Even though most of their partners use xCurrent, clarity in the future will ease their transition to xRapid. That will drive demand for XRP and therefore prices above the current 20 cents consolidation. Ripple Price Analysis Fundamentals Blockchain companies cannot flourish in isolation. It is even more challenging when the startup is ambitious. As per their statement, Ripple is one such company. Cementing its position…

S&P 500 Gains Can Earn You Bitcoin on New Bain Capital-Backed Exchange

Crypto investors have a new way to bet on the price of bitcoin – or on traditional assets – with the formal launch of EverMarkets Exchange (EMX)’s derivatives platform. The Palo Alto, California-based startup was founded two years ago and opened the exchange to a restricted audience at the end of May 2019. Effective Monday, the market is now available to participants worldwide – though U.S. residents are excluded. Co-founder Craig Austin told CoinDesk that the company wants to give customers access to a “world market” by trading derivatives tied…

Bitcoin Trimming Gains While Ripple Price (XRP) Extending Losses

Ripple price failed to hold the key $0.4500 support and declined heavily against the US dollar. The price even broke the key $0.4220 support level and it is now trading below $0.4150. There is a short term contracting triangle forming with resistance near $0.4120 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum price also declined heavily and it even broke the key $300 support area. Ripple price is facing a strong selling interest against the US Dollar, while bitcoin is trimming gains. XRP price could…

Bitcoin Correcting Gains While Ripple Price (XRP) Struggles To Hold Support

Ripple price failed to climb above the key $0.4950 resistance level and declined against the US dollar. The price broke the $0.4700 support and it is currently struggling to hold the $0.4500 support. There was a break below a major bullish trend line with support at $0.4690 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum price corrected gains, but it is holding the key $320 support very well. Ripple price is struggling to hold a few important supports against the US Dollar, while bitcoin is…