Bitcoin Price Rally Loses Steam Near $4,000; Will 2019 Wake Bulls?

The Bitcoin price has spent the first day of this weekend struggling to get through the $4,000 mark. The digital currency attempted a bullish reversal on Friday, marking more than $300 worth of gains in just two hours. That hasn’t exactly changed any longer-term sentiments for the market, especially when it has dropped by more than 80% in 2018. But the intraday volatility has served plenty of opportunities to traders who wish to get in and out of the bitcoin market on decent profits. The bitcoin price is now sitting…

Ethereum Price Analysis: ETH Up 15%, Rally Could Extend Above $150

Key Highlights ETH price surged higher recently and broke the $130 and $140 resistance levels against the US Dollar. There is a crucial bullish trend line in place with support at $138 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently trading near $148 and it could rally above the $150 level in the near term. Ethereum price gained a lot of bullish momentum against the US Dollar and bitcoin. ETH/USD broke $145 and now it could rally above $150 and $155. Ethereum Price Analysis…

Bitcoin Rally Shouldn’t Excite the Bulls Yet, Trend Still Bearish

The Bitcoin price appears to have bottomed out near the $3,000-level after falling more than 80% this year. The digital currency at press time is trading above $4,000, up over 30% within just a week. It is clear that traders interested in the long-term aspect of Bitcoin have bought the dip. As a result, in the last five days, Bitcoin is creating new higher highs with volume increasing on each subsequent leg. Historical Rebounds Nevertheless, if one tries to look the empty side of the glass, the current rally looks…

Crypto Market Update: Bitcoin Cash Rally, Tron (TRX), ADA, IOTA Price Analysis

Key Points The total crypto market cap is showing positive signs and it recently moved towards $135.00B. Bitcoin cash surged higher by more than 50% and broke the $200 resistance. Tron (TRX) cleared the $0.0175 resistance and it could head towards $0.0200. Cardano (ADA) price broke the key $0.0400 resistance level. IOTA (MIOTA) gained more than 20% recently and surpassed the $0.3250 resistance. Bitcoin cash rallied above $200 and it could extend gains towards $240. Ethereum, ripple, Litecoin (LTC), Tron (TRX), IOTA and Cardano (ADA) remain in a solid uptrend.…

Bitcoin Price Analysis: Strong Rally Tests Overhanging Resistance

Earlier this week, bitcoin enjoyed a strong and quick rally, spanning all the way from the low $3,100s to the upper $3,900s — in other words, a move that previously took the market weeks to make, this time took place in just a few short days. And now, at the time of this article, it’s currently seeing a rejection shortly after running through several layers of overhanging resistance.  Figure 1: BTC-USD, 4-Hour Candles, Fibonacci Retracements Although the market rallied 25% in just a few days, if we zoom out to…

Bitcoin Price Watch: Can BTC Buyers Keep The Rally Going?

Key Points Bitcoin price rebounded nicely and broke the $3,380 and $3,460 resistances against the US Dollar. There is a short term contracting triangle formed with support at $3,480 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could correct lower towards $3,400 or $3,355 before a fresh upward move. Bitcoin price rallied more than 10% above $3,550 against the US Dollar. BTC is currently correcting lower, but it could find support near $3,400 or $3,355. Bitcoin Price Analysis Yesterday, we discussed that further gains…

Altcoins Preserve Bearish Sentiment as Rally Fizzles Out

Twitter Facebook LinkedIn Led by ripple (XRP), the bitcoin and the altcoin markets edged lower on Thursday after staying on the bulls’ side for most of the week. Ripple Price Headlines Pullback The cryptocurrency market as a whole witnessed their uptrends getting stalled. Other top performers during the previous rally, including stellar (XLM), bitcoin cash (BCH) and EOS, underwent a sharp pullback action. However, they managed to hold on to some of their gains despite being unable to sustain their prevailing bullish momentum. The crypto correction coincided with the pullback…

Potential Factors Behind its Rally

Twitter Facebook LinkedIn XRP, the native cryptocurrency of the Ripple network, has surged by more than 12 percent over the last 24 hours. Cryptocurrency traders and technical analysts generally expect the positive price movement of XRP to continue in the short-term,  given the sheer magnitude of the asset’s recent upward run. What Has Caused Ripple to Rally? Throughout the past week, Ripple has seen some progress in regards to the adoption and integration of its blockchain-based liquidity products. At the Global Islamic Economic Summit 2018, Ripple’s global head of infrastructure…

Is Bitcoin Primed to Initiate a Rally Above $7,000 After Weeks of Stability?

Throughout the past ten days, the Bitcoin price has remained in a tight range from $6,300 to $6,500, rarely initiating a noticeable movement. The 1-day price chart of Bitcoin, as shown below, demonstrates nearly two weeks of stability in the lower price range of the dominant cryptocurrency, unable to engage in a short-term upside movement to confirm a breakout above a major resistance level. In the past 24 hours, the volume of BTC has fallen back to $3.1 billion from $3.5 billion, by more than 10 percent. The lack of…

Ethereum Token BAT Continues Breakneck Rally, up 56% This Week

Ethereum token BAT continued its dramatic week-long ascent on Monday, bolstered by positive fundamentals related to its role in Brave’s web browser ecosystem and speculation that the cryptocurrency will soon be listed on Coinbase. BAT (short for Basic Attention Token) increased 14 percent against the dollar on Monday, briefly eclipsing $0.30 before settling down to a current value of $0.287. The token’s weekly return now stands at 56 percent, which is far and away the best return among top 50 cryptocurrency assets. BAT/USD | Binance As CCN reported, the rally…