Ethereum (ETH) & Ripple (XRP) Surge Sparks Fresh Rally In Altcoins

ETH price rallied further and broke the $200 and $210 resistance levels against the US Dollar. Bitcoin price is consolidating near the $10,200 and $10,250 pivot levels. There is a new connecting bullish trend line forming with support near $206 on the hourly chart of ETH/USD (data feed via Kraken). The pair is showing a lot of bullish signs and it might even surpass the $215 resistance level. Ethereum price is up close to 8% and ripple surged 18% versus the US Dollar, while bitcoin is consolidating. ETH price could…

Analyst Spots Trend Suggesting Incoming Monster Bitcoin Rally – CCN Markets

An analyst found that major downturns tend to be healthy for the overall bitcoin price trend. Another analyst explains that 2019 may be a good year for BTC. | Source: Shutterstock Many armchair traders are so focused on the short-term price movement of bitcoin that they forget to look at the big picture. For instance, the widely-followed analyst cryptoamd is expecting the dominant cryptocurrency to dump below $10,000 and then be tapping resistance of $10,500. That’s the trader’s short-term view on the digital asset. Short term outlook on $btc pic.twitter.com/luHSJBqMgw…

Leading Technical Analysis Expert Predicts a Bitcoin Shakeout Before Rally – CCN Markets

The Fear and Greed Index suggests that crypto investors are feaful. In addition, a top analyst believes bitcoin has more downside risk before skyrocketing. | Source: Shutterstock Over the last few weeks, bitcoin has been struggling to stay above $10,000. The bullish steam that pushed the dominant crypto to $13,880 is fading away. Armchair traders are quick to notice the coin’s growing weakness. A pseudonymous trader named Escobar has closed short-term long positions. While doing so, the analyst is also maintaining shorts above $12,000. #Bitcoin 1D TF- Closing short term…

Bitcoin Market Turns Indecisive After Price Rally Stalls Around $10.6K

View Bitcoin created a “spinning-top” candle on Wednesday, pouring cold water over the optimism generated by the triangle breakout witnessed earlier this week. The spinning top has made today’s UTC close pivotal. A close above Wednesday’s high of $10,834 is needed for the continuation of the recent rally. A UTC close below the spinning top’s low of $100,378 would shift risk in favor of deeper losses below $10,000. A bearish daily close shouldn’t be ruled out, as the spinning top represents buyer exhaustion. The bitcoin (BTC) market is looking indecisive,…

3 Charts Reveal Perfect Storm for Thunderous Bitcoin Rally – CCN Markets

Bitcoin has had a volatile year and the clouds are gathering for stormy end to 2019. | Source: Shutterstock Too many people focus on bitcoin’s wild highs and fluctuating daily price. A better metric to look at is the monthly low points. By tracking the lows, you see the steady accumulation of bitcoin. This is the foundation of the market and it’s getting stronger. The chart below tracks the bitcoin price, overlayed with a red line marking the monthly low point. It’s a steady, upward curve of monster accumulation.  …

Bitcoin And Crypto Market Rally Looks Real: LTC, BNB, BCH, TRX Analysis

The total crypto market cap recovered nicely and broke the key $250.0B resistance area. Bitcoin price is up more than 7% and it recently climbed above $10,400. Binance coin (BNB) price is also gaining momentum and it recently broke the $22.50 resistance. Litecoin (LTC) price is facing a few solid hurdles near the $68.00 and $70.00 levels. BCH price is up more than 5% and it is about to break the $300 resistance area. Tron (TRX) price is slowly moving towards the $0.0160 and $0.0162 resistance levels. The crypto market…

Bitcoin (BTC) Price Flirts With Key Resistance After Recent Rally

Bitcoin price climbed higher sharply above $10,200 and gained around 5% against the US Dollar. The price is clearly struggling to gain strength above the key $10,500 resistance area. There was a break above a key bearish trend line with resistance near $10,270 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is correcting gains and it is testing the broken trend line and the $10,250 support. Bitcoin price is showing signs of a decent recovery above $10,200 against the US Dollar. However, BTC is…

Ethereum Price (ETH) Rally Could Face, Bitcoin Up 5%

ETH price is currently correcting higher and is trading above the $190 level against the US Dollar. The price is still trading well below the key $195 resistance area. There was a break above a major declining channel with resistance near $192 on the hourly chart of ETH/USD (data feed via Kraken). The pair is struggling to continue above $192 and $194, and it might decline again. Ethereum price is facing a lot of selling interest versus the US Dollar and bitcoin. ETH remains at a risk of a fresh…

Bitcoin Circles $10,400 as Altcoins Rally, XRP Posts 10% Gains

Sunday, Aug. 18 — Crypto markets are seeing a strong surge of green, with altcoins posting the strongest gains and Bitcoin (BTC) circling the $10,400 mark. Market visualization. Source: Coin360 After yesterday’s correction, BTC is today up nearly 2%, bringing it to $10,393 by press time.  While still roughly $1,000 short of its price point at the start of its 7-day chart,  (Aug. 11), today’s recovery has kept the top coin comfortably above the $10,000 psychological price point. During a brief downturn mid-week on Aug. 15, Bitcoin had dropped as…

Litecoin Halving Price Rally Fizzles Sub $100 But 97% Hash Rate Stays

Under one day since Litecoin (LTC)’s halving, its hashrate appears to be as robust as ever. In a tweet posted on August 5 — just under 22 hours after the halving event —  Litecoin creator Charlie Lee noted that: “504 blocks have been mined since the halving. This is 1/4 of the way to the next diff change. 21.65 hrs has elapsed since the halving. Normally on average it takes 21 hrs for 504 blocks. This means 97% of pre-halving hashrate still mining LTC.” Mining FUD debunked Halving — or…