Ripple Price (XRP) Holding Key Support: BTC & ETH Bounce Back

Ripple price is finding a strong buying interest near the $0.2850 level against the US dollar. The price is currently consolidating and it is likely to climb back above $0.3000. There is a connecting bearish trend line forming with resistance near $0.3000 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could start a fresh increase if it surpasses the $0.3000 and $0.3050 resistance levels. Ripple price is trading in a positive zone against the US Dollar, while bitcoin is rebounding. XRP price must stay…

Ethereum Price (ETH) Testing Crucial Support But Recovery Won’t Be Easy

ETH price is under a lot of pressure below the $170 and $175 resistances against the US Dollar. The price is likely to decline sharply if it settles below the $165 support area in the near term. There is a declining channel forming with resistance near $169 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent recovery if the bulls manage to push the price above the $175 resistance. Ethereum price is trading in a bearish zone versus the US Dollar and bitcoin.…

Bitcoin Price Trends Weakly but Analysts Predict Strong $8,000 Support

After a flash surge to $10,800 on BitMEX, the most widely utilized margin trading platform for cryptocurrency traders, the bitcoin price has slipped back to the $9,900 to $10,300 range. Bitcoin price falls by nearly $400 after a flash surge to $10,650 (source: coinmarketcap.com) On major spot cryptocurrency exchanges like Bitstamp and Coinbase, the bitcoin price rose to as high as $10,650 on Monday, following the liquidation of nearly $52 million worth of short contracts on BitMEX. Support at $8,000 Becoming More Likely For Bitcoin Price According to technical analysts,…

Bitcoin Selloff Stalls at Historical Price Support Near $10K

View Bitcoin’s defense of the 100-day moving average and a bullish divergence of an hourly chart indicator suggest scope for a minor price bounce to $10,300 Bitcoin will remain in the hunt for a drop to $9,467 (Aug. 13 low), as long as the rising wedge breakdown seen on the 4-hour chart remains valid. A UTC close above $10,956 would shift risk in favor of a rally to $11,850-$12,000. A weekly close above $12,000 is needed to confirm bullish revival. Bitcoin (BTC) sellers are again struggling to force a sustained…

Bitcoin Defends Price Support, But Bear Case Still Intact

View Bitcoin’s repeated defense of the 100-day moving average signals seller exhaustion, but a break above $10,445 – the high of Thursday’s hammer candle – is needed to confirm a bull revival. A high-volume move above $10,445 would open the doors to re-test of $11,120. BTC may have a tough time scaling $10,445, as the daily chart indicators are biased bearish. The risk of a drop to $9,049 (July 17 low) remains as long as prices are held below that level. Bitcoin (BTC) has bounced from key price support, but…

Coinbase UK Dropping Support for Cryptocurrency Zcash

The U.K. arm of Coinbase appears to be dropping support for the privacy-focused cryptocurrency zcash. According to customers, Coinbase UK is sending letters out warning people that they will need to convert their zcash (ZEC) holdings, or remove them to an external wallet, by Aug. 26. @zcash @ElectricCoinCo @coinbase what’s going on with Zcash in the UK? pic.twitter.com/6GWS9CuIoH — Alex (@deskofwilkes) August 8, 2019 The cryptocurrency exchange gave no specific reason for the removal of the cryptocurrency, but said all remaining ZEC balances on Aug. 26 will be automatically converted to…

Bitcoin Price Crashes $800 in Minutes as Bears Eye $9K Support Next

Bitcoin (BTC) price dropped $800 in 15 minutes July 27 after a dramatic bearish move destroyed support at $10,000.  Bitcoin 24-hour price chart. Courtesy of Coin360 Bitcoin traders eat their wallets Traders were scratching their heads on social media Saturday in the wake of the sudden losses, with BTC/USD crashing from $10,180 to $9,410. At press time, the pair had recovered marginally to circle $9,500, while a lack of obvious factors left commentators struggling to understand the market.  As Cointelegraph reported, a return to $10,000 earlier came as a surprise…

Bitcoin (BTC) Retesting $9,500 for the Second Time in July, Will This Support Hold?

Bitcoin (BTC) is down 11.7 percent The identity of Satoshi Nakamoto should remain anonymous John McAfee, the vocal Bitcoin permabull, claims to know the identity of Satoshi Nakamoto, the creator of Bitcoin. However, in a recent interview, “Bitcoin”, hopes Satoshi Nakamoto remains anonymous. Presently, BTC is down 11.7 percent from last week’s close. Bitcoin Price Analysis Fundamentals Through and through, Bitcoin, the network and internet money, is just like any other tool. At least that is what “Bitcoin”, in an interview with CoinTelegraph head of News, Molly Jane Zuckerman, said.…

Bitcoin Faces Further Price Losses After Breaching Long-Term Support

Bitcoin is on the defensive for the fourth straight day, having breached long-term support on Tuesday. The leading cryptocurrency by market value is currently trading at $9,720, representing a 1.1 percent drop from today’s opening price of $9,841, according to Bitstamp data. Prices fell 1.39, 2.56 and 4.66 percent, respectively in the previous three trading days. Daily chart With a three-day drop, BTC has left another bearish lower high at $11,120. Further, the cryptocurrency violated the four-month bullish rising trendline by printing a UTC close well below $10,000 on Tuesday.…

Bitcoin (BTC) Loses $10,000 Support… Again: What’s Next?

Bitcoin Falls Under $10,000 Bitcoin has continued to crack under pressure. As of the time of writing this, BTC has dipped under the auspicious $10,000 price point, falling to four digits for the umpteenth time in a matter of weeks. As of the time of writing this, Bitcoin is trading at $9,960 — as it continues to flirt with five digits — and has found itself down 5.4% in the past 24 hours. This data comes courtesy of CoinMarketCap.com. Most altcoins also have losses in the 5% range, going to show…