Ethereum (ETH) Breaks Key Support, Trend Turns Super Bearish

Ethereum price is declining below the key $180 support against the US Dollar. Bitcoin price is down more than 2% and it also broke the $8,200 support area. Yesterday’s bearish trend lines are intact with resistance near $185 on the hourly chart of ETH/USD (data feed via Kraken). The price is currently flirting with the $178 support and it is likely to continue lower. Ethereum price is breaking down versus the US Dollar, similar to bitcoin. ETH price is likely to accelerate its decline towards the $170 and $166 support…

Bitcoin Falls Through Key Average as Traditional Markets Hit Record Highs

View Strong performances in traditional assets and a lack of new reasons to buy crypto is suppressing BTC’s price. A loss of the 50-day moving average exposes the $8,000 price level. The daily RSI shows that momentum slowing, which could hint at greater selling pressure in the short term. Bitcoin (BTC) is at risk of another sell-off after its price fell beneath a key moving average on Nov. 15, as a relatively strong performance by traditional assets caught investor attention. According to Jeff Dorman, CIO at Arca, an investment management firm…

Ethereum (ETH) Holding Key Support But For How Long?

Ethereum price is trading nicely above the key $182 and $180 support levels against the US Dollar. The price is currently facing many resistances such as $187, $188 and $190. Recently, there was a break above a connecting bearish trend line with resistance near $185 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin is holding the $8,650 support, but it remains at a risk of more downsides. Ethereum price is still stuck in a broad range versus the US Dollar, while bitcoin is facing selling pressure. ETH…

Bitcoin (BTC) Price Rebound Facing Key Resistance Near $9,100

Bitcoin price started an upside correction from the $8,674 swing low against the US Dollar. The price is up around 3%, but it is facing hurdles near the $9,100 and $9,150 levels. There is a key bearish trend line forming with resistance near $9,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). On the downside, there is a decent support forming near the $8,860 levels. Bitcoin price is currently correcting higher above $8,800 against the US Dollar. However, BTC is still facing a couple of key…

Ethereum (ETH) Forming Bearish Pattern, $186 Hold Key

Ethereum price is struggling to climb above the $192 and $195 resistances against the US Dollar. It seems like a head and shoulders pattern forming with support near the $188 and $186 levels. This week’s key bullish trend line is intact with support near $188 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin is still facing a lot of hurdles near the $9,400 and $9,500 resistance levels. Ethereum price is forming a bearish breakdown pattern versus the US Dollar, while bitcoin is trading below $9,400. ETH price…

Bitcoin Keeps Failing at This Key Price Hurdle

View A four-month falling trendline proved a tough nut to crack during the Asian trading hours and reversed bitcoin’s rise from $9,200 to $9,500. The outlook, however, would turn bearish only below the 200-day average support at $9,127. The pullback from $9,500 to $9,200 lacked volume support and could be short-lived. A high-volume UTC close above $9,470 is needed to confirm an upside break of the multi-month falling trendline and open the doors for $13,880 (2019 high). Acceptance below the 200-day MA would weaken the immediate bullish. The resulting sell-off…

Big Move Brewing as $9.5K Becomes Next Key Battleground

Bitcoin price (BTC) closed the week at $9,207, down 3.66%. Despite a surprisingly low volatility weekend, the bulls helped keep Bitcoin price above $9,000 for 10 days and at the time of writing the price continues to consolidate. So far Monday has brought a move higher to retest $9,300, representing a 1% gain. EOS (EOS) and Ether (ETH) have had notable gains on the day with EOS trading over $3.50 and Ethereum at $185. The total crypto market cap is $249 billion, with Bitcoin dominance at 67.2% Cryptocurrency market daily…

Ripple (XRP) Price Struggling To Hold Key Uptrend Support

Ripple price is holding an important support area near the $0.2880 level against the US dollar. The price is facing a lot of hurdles on the upside near the $0.2940 and $0.2950 levels. There is a major bearish trend line forming with resistance near $0.2945 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum is facing hurdles and struggling to climb above $182 and $185. Ripple price is currently under pressure below $0.2950 against the US Dollar, while bitcoin is consolidating. XRP price must stay above…

Binance CEO: ‘Russia Is Our Key Market’

MOSCOW – The line for selfies with Binance CEO Changpeng Zhao seemed endless, even though it was the second photo op of the night. The cryptocurrency exchange mogul, known as CZ, had already taken photos with Russian fans before the meetup started, and he kept smiling at cameras and shaking hands for half an hour after it ended. It was CZ’s first visit to Russia, and the turnout showed his popularity with the local crypto scene. The concert hall of the Radisson hotel in central Moscow could hardly fit the…

Key Indicator Turns Bullish as Bitcoin Struggles to Break Above $10K

View The three-day chart MACD’s first bullish turn in over three months could bode well for bitcoin’s price, according to historical data. The cryptocurrency may challenge 2019 high above $13,800 before the year’s end. The immediate outlook, however, is bearish and prices could drop to $8,800 in the next day or two, with the daily chart reporting buyer exhaustion. Further, China’s state media has asked investors to avoid speculative behavior which could dampen trading. A pennant breakout on the hourly chart could yield a re-test of recent highs above $10,000,…