BTC Price Reclaims $10K After US Lawmaker Says Bitcoin Can’t Be Killed

Bitcoin (BTC) has retaken $10,000 today following a moderately volatile month, according to data provided by Coin360. Bitcoin starting its parabolic advance in April which culminated in retailing the 5-figure mark in June for the first time since March 2018. At the time, BTC was on a slow-and-steady bull run that peaked just shy of $14,000 on June 26. Since then, BTC has moved around a decent amount, dipping below $10,000 on July 2, retaking $13,000 on July 10, and slumping below $10,000 again on July 16. Some analysts linked…

Bitcoin Price Jumps $1K In 30 Minutes to Top $10,000 Again

Bitcoin surged $1,000 in just 30 minutes during U.S. trading hours Thursday, a move that found the leading cryptocurrency rising from $9,335 to a high of $10,400, based on Bitstamp data. The sudden rally could be associated with the massive unwinding of short BTC/USD positions (profit taking) seen in 30 minutes to 15:00 UTC, as reported by bot powered twitter handle @WhaleCalls. Prices had dropped to a low of $9,280 at 14:00 UTC, having repeatedly failed to beat the psychological resistance of $10,000 in the Asian session and during early European trading…

Bitcoin Price (BTC) Showing Recovery Signs But Can It Break $10K?

Bitcoin price declined heavily and traded below the $10,000 and $9,500 levels against the US Dollar. The price traded close to the $9,100 level and recently started an upside correction. Yesterday’s highlighted key bearish trend line is still active with resistance near $9,740 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to face a strong resistance near the $9,900 and $10,000 resistances in the near term. Bitcoin price extended losses towards the $9,100 level against the US Dollar. BTC is currently correcting…

Ripple Price (XRP) Signaling Fresh Increase While Bitcoin Still Below $10K

Ripple price found support near the $0.2830 level and recovered recently against the US dollar. The price traded above the $0.2940 resistance and the $0.3000 pivot level. This week’s followed bearish trend line was breached with resistance near $0.3040 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is now trading with a few positive signs above the $0.3050 support area. Ripple price is currently trading with a bullish angle against the US Dollar and bitcoin. XRP price could extend its recovery if there is…

Ethereum Price (ETH) Correcting Losses: $225 Presents Key Resistance

ETH price traded to a new monthly low near $190 and later corrected lower against the US Dollar. The price corrected above the $200 resistance level, but upsides could face hurdles near $220 and $225. There is a crucial bearish trend line forming with resistance near $218 on the hourly chart of ETH/USD (data feed via Kraken). The pair could struggle to gain momentum above the $218, $220 and $225 resistance levels. Ethereum price is currently correcting losses above $200 versus the US Dollar, similar to bitcoin. ETH price might…

The Case $7.5K Could Become Bitcoin’s New Price Support

Amidst a decline in the price of bitcoin, the world’s most valuable cryptocurrency could find support at $7,500 – that is if it follows past patterns on the charts. Bitcoin has faced selling pressure over the last few days, despite an impending golden crossover on the three-day chart – a bullish crossover of the 50- and 200-candle moving averages, as discussed last week. As of writing, the 50-candle moving average (MA) is on an upward trajectory and looks set to cross above the 200-candle MA in the next few days.…

3 Reasons Why Bitcoin Price Could Nosedive Below $7,500 News

Bitcoin has suffered a significant setback after dropping in rates by approximately $2000 in the last 48 hours. The bitcoin-to-dollar exchange rate on Wednesday established a fresh lower low of $9,071, down 3.8 percent from the market open. The move downhill erased almost a quarter of bitcoin’s value in the last seven days, marking an end to a prolonged upside action that started during the first quarter of 2019. Bitcoin Price drops over $2000 in two days. | Source: TradingView The latest move the downside appeared after the head of…

Bitcoin Price Looks South After Second-Largest 24-Hour Drop of 2019

View Bitcoin closed below $9,614 on Tuesday, confirming a bearish reversal on the daily chart. The invalidation of bullish higher-lows pattern is backed by bearish developments on the short-term charts. Prices risk falling to $9,097 (May 30 high) in the next 24 hours. A close below that would expose the 100-day moving average line, currently located near $8,100. A key indicator is reporting oversold conditions as per the 4-hour chart, so a minor bounce before any drop below $9,097 cannot be ruled out. The long-term outlook will remain bullish as…

Bitcoin Price (BTC) Tumbles 15%: $8,880 Bearish Target In Sight

Bitcoin price failed to stay above the $11,000 level and resumed decline against the US Dollar. The price traded below the key $10,000 and $9,800 support levels to enter a bearish zone. There is a new connecting bearish trend line forming with resistance near $10,060 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price remains at a risk of more losses below the $9,200 and $9,000 support levels in the near term. Bitcoin price tumbled around 15% and broke the $9,500 level against the US…