Ripple (XRP) Bulls In Driver’s Seat For A Run To $0.30: Here’s Why

Ripple is slowly rising above $0.2300 against the US Dollar and following both Ethereum and bitcoin. XRP price is likely to continue higher towards $0.2500 or $0.2850 in the coming days. Ripple price is trading with a bullish bias above the $0.2300 resistance against the US dollar. The price tested the $0.2350 resistance and it remains supported on dips. There is a major bullish trend line forming with support near $0.2305 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to rise further…

Bitcoin Price Pushes Above $8.8K as Bulls Attempt to Reclaim $9,000

After a pleasant weekly close, Bitcoin (BTC) bulls turned up Monday prepared to push the price to the $9K mark and possibly above. Over the weekend numerous crypto analysts suggested that if the price sustained above the $8,650 resistance Bitcoin would rally to $8,800 to set a daily lower high, consolidate, then make another run at the $9,200 mark.  Bitcoin daily price chart. Source: Coin360 All, except the latter, has come to pass and at the time of writing traders are attempting to push the price through 9,000 but $8,963…

$9,500: Bitcoin Bulls Aim Big After Recent Surge Above $8,500

Bitcoin found a strong buying interest above $8,200, resulting in a fresh increase above $8,500. BTC price is currently above $8,600 and the bulls seem to be eyeing a break above $8,800 and $9,000. Bitcoin price is currently rising and showing positive signs above $8,500 against the US Dollar. The bulls seem to be in control above the $8,400 and $8,500 support levels. There was a break above a major bearish trend line with resistance near $8,360 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…

Bitcoin Price Blitzes the $8.5K Resistance as Bulls Target $8.8K

As the weekly close approached, Bitcoin (BTC) price gained above $8,500 after spending the previous day trading in the $8,200 to $8,300 range. At the time of writing, bulls are attempting to push through the $8,500 to $8,650 resistance zone in order to inch toward a daily lower high at $8,800. Bitcoin daily price chart. Source: Coin360 Earlier in the day Cointelegraph contributor Scott Melker spotted the bullish development on the hourly timeframe when he tweeted the following chart and said: “Local double bottom breakout. Bottom reversal pattern.” BTC USD…

Bitcoin Price Rally Falters as Bulls Fight to Hold the $8.3K Support

After three days of trading in a tightening range Bitcoin price (BTC) dropped below $8,300, stopping at $8,264 which is slightly below the $8,300 support and the 200-daily moving average (DMA) at $8,200.  Earlier in the day John Bollinger, the creator of the popular Bollinger Bands indicator, tweeted that the recent pullback should not alarm investors. Bollinger said:  “This is a ‘logical place’ for $btcusd to find support, a pullback to a breakout level and the middle BB.”  Cryptocurrency market weekly overview. Source: Coin360 As mentioned in the previous analysis,…

A Bitcoin Plunge To $8,000 On The Horizon, As Bulls Show Weak Hands

Bitcoin price failed to stay above the key $8,500 support area and extended its decline against the US Dollar. BTC price is likely to continue lower towards $8,000 or $7,880. Bitcoin started a strong corrective decrease from the $9,200 resistance area. The price broke the key $8,500 and $8,470 support levels to move further into a bearish zone. Yesterday’s highlighted key bearish trend line is active with resistance near $8,470 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to extend its decline…

Bitcoin Price Slides to $8.5K as 200MA Resistance Keeps Bulls in Check

Bitcoin (BTC) dipped below $8,500 on Jan. 23 as traders’ expectations of a slow downtrend from recent highs appeared to slowly come true. Cryptocurrency market daily overview. Source: Coin360 BTC returns to $8,400s Data from Coin360 and Cointelegraph Markets showed BTC/USD reach lows of $8,480 overnight on Wednesday. At press time, Bitcoin hovered at around $8,505. The former level matches two other brief lows seen this week, and represents the bottom of a range the pair has traded in since Jan. 14.  Bitcoin 7-day price chart. Source: Coin360 Over that…

Do or Die For Bitcoin Bulls: Here’s What Could Trigger A Sharp Decline

Bitcoin bulls are facing an uphill task near $8,700 and $8,800 against the US Dollar. BTC price could either rally above $8,800 or decline heavily below $8,470 in the coming sessions. Bitcoin is showing a few bearish signs after it was rejected near $8,800. The price is currently sliding and it is approaching the key $8,560 and $8,470 support levels. There is a major bearish trend line forming with resistance near $8,640 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could either start a…

Bitcoin Bulls Seek Stronger Move After Bounce to $8.8K Loses Momentum

Bitcoin’s bounce from key price support is struggling to gather traction. The top cryptocurrency by market value made a reversal from levels near $8,461 (Sunday’s low) during Tuesday’s US trading hours, rising to a high of $8,793 earlier today, according to CoinDesk’s Bitcoin Price Index. The bulls have defended the $8,460 level multiple times since late on Sunday. Tuesday’s bounce was the third successful defense of the former resistance-turned-support of the last 72 hours (bitcoin had dropped back at the same level on Jan. 8). This morning’s spike to $8,793…

Bitcoin Just Saw A Key Technical Breakout: Big Reaction From Bulls Imminent

Bitcoin reversed after a sharp dip towards the $8,400 support area against the US Dollar. BTC price is now signaling more upsides above $8,800 and $9,000 in the coming sessions. Bitcoin price bounced sharply and formed a bullish engulfing pattern above $8,550 against the US Dollar. The bulls are likely to take control once the price surpasses the $8,800 resistance area. There was a break above a key declining channel with resistance near $8,665 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip…