Ethereum (ETH) Price Weekly Forecast: Crucial Support At Risk

ETH price is facing a strong resistance near the $184 and $185 levels against the US Dollar. The price is trading above the key $178 support, which remains at a risk. There is a crucial bearish trend line forming with resistance near $186 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is currently declining and it might struggle to clear the $178 and $176 support levels. Ethereum price is showing bearish signs below $185 against the US Dollar, similar to bitcoin. ETH price remains at a…

Bitcoin Weekly Forecast: BTC Price Turned Sell On Rallies

After settling below $9,000, bitcoin declined steadily against the US Dollar. The price is under a lot of pressure below the $8,700 and $8,650 resistance levels. There is a crucial bearish trend line forming with resistance near $8,630 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price could correct higher, but it is likely to face sellers near the $8,700 resistance area. Bitcoin price is trading in a bearish zone towards $8,200 against the US Dollar. BTC remains sell on rallies unless there is a…

BNB Is Under Correction But May Resume Bullish Trend Soon

BNB has been maintaining a bullish move for the past few weeks, but the price is now retracing near $20.5 support level. Binance Coin remains bullish on the hourly chart, but the bears may take over if the price drops below the ascending broadening wedge. Over the past few weeks, Binance Coin has witnessed substantial growth which has led the cryptocurrency to surge above $20 following a recent price break. The performance of BNB has created a bullish sentiment, which is positioning the market for an incoming bull run. Meanwhile,…

Bitcoin (BTC) Recovering But Is This Real Correction?

Bitcoin price is currently correcting higher above the $8,600 resistance area against the US Dollar. The price is still facing a strong resistance near the $8,700 and $8,780 levels. Morning’s major declining channel is preventing gains near $8,705 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could correct further, but a clear break above $8,880 is needed for a convincing rise. Bitcoin price is showing signs of an upside correction above $8,600 against the US Dollar. However, BTC is still facing a lot of…

Bitcoin (BTC) In Slow And Steady Decline, $8.2K Likely Target

Bitcoin price is currently declining below the $8,600 support area against the US Dollar. A new monthly low was formed near $8,457 and the price is currently correcting higher. There is a key declining channel forming with resistance near $8,710 on the hourly chart of the BTC/USD pair (data feed from Kraken). There is a risk of more downsides as long as the price is below $8,700 and $8,880. Bitcoin price is gaining bearish momentum below $8,700 against the US Dollar. Therefore, BTC could continue to move down towards the…

Crypto Market And Bitcoin Bearish Continuation: BCH, EOS, TRX, ADA Analysis

The total crypto market cap is currently declining and it could test $220.0B support. Bitcoin price is under pressure and it is likely to break the $8,500 support area. EOS price is now trading near the $3.350 support area and showing bearish signs. BCH price failed to stay above the key $280 support and extended its decline. Tron (TRX) price is down more than 4% and it is approaching the $0.0185 support area. Cardano (ADA) price is now trading near the key $0.0420 support area. Bitcoin and the crypto market…

Ripple (XRP) Price Primed For Additional Losses, $0.2450 Next?

Ripple price is following a downtrend below the $0.2700 support area against the US dollar. The price is currently trading near the $0.2620 support and it could continue to decline. This week’s crucial bearish trend line is active with resistance near $0.2700 on the hourly chart of the XRP/USD pair (data source from Kraken). Similarly, Ethereum is trading near a key support and it could break down below $180. Ripple price is trading with a bearish bias below $0.2700 against the US Dollar, similar to bitcoin. XRP price remains at…

Ethereum (ETH) Trading Near Last Line of Defense

Ethereum price is struggling to climb higher above the $188 resistance against the US Dollar. The price is currently trading near the $182 support area, which holds the key. There is a key bearish trend line forming with resistance near $185 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin is declining and is struggling to stay above the $8,500 support area. Ethereum price is facing a fresh round of selling versus the US Dollar, similar to bitcoin. ETH price remains at a risk of more downsides if…

Litecoin Correction Causes Serious Bearish Action, Why Further Pullback is Likely

LTC broke out of a channel to a new descending wedge after dropping below $61 price levels earlier today. The price rejection at $66 price levels has made Litecoin stay under a bearish pressure since the weekly opening. Litecoin may gain bullish momentum if the price can reclaim $61, which appeared to be a critical confluence zone for the market. Litecoin has witnessed a lot of price reductions over the past three days due to a significant correction which is making the bears gain control of the market. However, a…

Bitcoin (BTC) Price Looks Set For Another Breakdown

Bitcoin price is extending losses and it traded below the $8,640 support against the US Dollar. The price is likely to decline further below the $8,560 and $8,500 support levels. Morning’s short term breakout pattern was breached with support near $8,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The current price action suggests another breakdown below the $8,550 support area. Bitcoin price is declining below key supports against the US Dollar. BTC might tumble towards $8,300 or $8,200 once the bears clear the $8,550 and…