Bitcoin Crashes Back to $7.4K Completely Wiping Out the October Rally

Bitcoin (BTC) finally dropped all the way down to the $7.4Ks in minutes as anticipated in our previous analysis if the key $7.8K level did not hold.  Cryptocurrency market daily performance. Source: Coin360 Over the past week, BTC/USD has faced a slow grind down to the $8,000 price level. Now, Bitcoin also broke below its 0.786 Fibonacci retracement level as well — its last major level before a confirmed full retrace of the Oct. 25 rally to $10,500.  After a short bounce, Bitcoin has bounced back to around $7,600 at…

Bitcoin Price Gains Above $9.1K as Ether Looks to Rally to $285

To a new investor entering the crypto-space sights like today’s 3.5% pump to $9,141 is enough to make you giddy with excitement about the future of cryptocurrency. But is it that impressive? After all, Bitcoin (BTC) price was $9,300 last week, which is $200 higher than it is now. So let’s take a look at some of the factors causing, and fuelling these swings. Daily crypto market performance. Source: Coin360.com Bitcoin CME gap  Bitcoin price (BTC) took a dive from $9,265 and closed at $8,804.88 on Friday, November 8th, in…

Bitcoin Price Breaks Below $9,000, Historic Rally Now In Jeopardy

Two weeks ago, Bitcoin price set a record for its third-largest 24-hour gain in the young asset’s short history, rocketing from $7,400 to $10,500 from low to high. After weeks of consolidation, the crypto asset has run out of steam and has begun to fall, first breaking below support at $9,000 where it is currently trading. Can bulls push Bitcoin price back above support and make a push higher, or will bears regain control and potentially set a new local low? Bitcoin Price Finds Itself In Another Descending Triangle, Breakdown…

Bitcoin Price Risks Drop Below $9K if Bulls Can’t Muster Rally Soon

View Bitcoin’s repeated failure to produce a strong bounce from key support indicates the bullish sentiment has fizzled somewhat. Failure to hold above a bearish MA on the longer-term chart indicates scope for a deeper drop. BTC risks falling to $8,800 in the short-term and may extend the decline to $8,500. A high-volume triangle breakout on a 4-hour chart would be bullish, although that looks unlikely at press time. Bitcoin is struggling to revive its stalled rally and could soon roll over to deeper support levels below $9,000. The top…

Ethereum (ETH) Eyes Fresh Rally To $200, Bitcoin Up 3%

Ethereum price is rising and it broke the key $185 and $186 resistance levels against the US Dollar. Bitcoin is up around 3% and it managed to climb above the $9,400 resistance. There is a new bullish trend line forming with support near $185 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains supported on dips and it could continue to rise towards the $200 level in the near term. Ethereum price is slowly climbing higher versus the US Dollar, similar to bitcoin. ETH price is…

Ethereum Price Weekly Forecast: ETH Could Rally Again

ETH price found support near the $178 zone and is correcting higher against the US Dollar. The price is currently consolidating above the $180 support area, with a few positive signs. There is a major bullish trend line forming with support near $182 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair remains well supported on the downside near the $182, $180 and $178 levels. Ethereum price is likely to climb above the $185 resistance against the US Dollar, while consolidating vs bitcoin. ETH price must stay…

Ether and Bitcoin Price Look for Direction After Last Week’s 42% Rally

Over the past few weeks, Ether (ETH) has tracked Bitcoin’s (BTC) price action and observant traders have deftly played reversals off double bottoms and back to back bounces at the $162 and $153 support. A comparison of the daily and weekly charts of Ether and Bitcoin highlights a number of similarities, chiefly, the Doji candle set right outside the upper arm of a wedge pattern. Ether, like Bitcoin, is consolidating into a tightening range as Bitcoin cools off and searches for direction after the meteoric 42% rally on Oct. 25. …

Is Warren Buffett Unconvinced of Stock Market Rally?

Berkshire Hathaway is holding $128.2 billion in cash. With no big deal in four years, Buffett seems to be unfazed by the stock market rally. | Credit: AP/Nati Harnik Berkshire Hathaway is holding $128.2 billion in cash, according to its quarterly report. With no big deal in four years, Warren Buffett seems to be unfazed by the stock market rally. Buffett, who has evolved the $528 billion conglomerate into the world’s biggest financial company by revenue, is known to be patient in spotting large deals, primarily acquisitions, for Berkshire. However, with…