ETH price climbed higher recently and settled above the $175 resistance area against the US Dollar. The price is currently consolidating gains and it might continue to rise towards $185 or $190. There is a key breakout pattern forming with support near $180 on the hourly chart of ETH/USD (data feed via Kraken). The price could dip a few points towards $176 or $175 before it could start a fresh increase. Ethereum price is showing positive signs above $175 versus the US Dollar, while bitcoin is struggling. ETH price remains supported on dips and it could rise further. Ethereum Price Analysis Recently, there was a solid rise in ETH price above the $175 resistance area against the US Dollar. However, bitcoin price struggled to gain momentum… [Read More...]
Bitcoin Price (BTC) At Risk Of Downside Break Below $10,200
Bitcoin price is under pressure and it recently declined below the $10,500 support against the US Dollar. The price is struggling to climb higher and is approaching the $10,200 support area. There is a key bearish trend line forming with resistance near $10,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could accelerate decline if it breaks the $10,200 and $10,100 support levels in the near term. Bitcoin price is showing a few negative signs below $10,500 against the US Dollar. BTC could struggle to recover above the $10,400 and $10,500 resistance levels. Bitcoin Price Analysis Recently, bitcoin price struggled to surpass the $11,000 resistance area against the US Dollar. As a result, there was a downside correction and BTC… [Read More...]
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 the US Dollar. BTC remains supported for more gains towards the $11,000 and $11,200 resistance levels. Bitcoin Price Analysis Yesterday, we saw strong gains in BTC above the $10,500 resistance area against the US Dollar. The… [Read More...]
Bitcoin Price (BTC) Surging, Dips Remains Well Supported
Bitcoin price extended its rally and climbed above the $10,500 and $10,650 resistances against the US Dollar. The price is currently correcting lower after trading to a new monthly high at $10,790. There is a major bullish trend line forming with support near $10,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is showing positive signs and it remains well bid near $10,500 and $10,400. Bitcoin price is gaining bullish momentum above $10,500 against the US Dollar. BTC might correct lower, but it is likely to bounce back from the $10,400 support. Bitcoin Price Analysis Yesterday, we saw a nice upward move in BTC, Ethereum and ripple against the US Dollar. The bulls gained traction and pushed bitcoin above the… [Read More...]