Charted: Ripple (XRP) Could Rally Significantly If It Clears This Key Resistance

Ripple formed a support base above $1.16 and it is now rising against the US Dollar. XRP price could start a strong increase if it clears the main $1.50 resistance zone.

  • Ripple is showing positive signs above the $1.20 and $1.30 resistance levels against the US dollar.
  • The price is now trading well above $1.3500 and the 100 simple moving average (4-hours).
  • There is a major contracting triangle forming with resistance near $1.50 on the 4-hours chart of the XRP/USD pair (data source from Kraken).
  • The pair is likely to start a fresh rally if it clears the $1.500 resistance zone.

Ripple’s XRP Price Eyes Fresh Rally

This past week, ripple’s XRP started a downside correction from well above $1.65. XRP extended its decline below the key $1.50 support, similar to bitcoin and ethereum.

It opened the doors for a nasty spike below the $1.20 support. However, the bulls were active above the $1.15 level. A low is formed near $1.162 and the price is now rising. It broke the $1.25 and $1.30 resistance levels.

There was a break above the 23.6% Fib retracement level of the downward move from the $1.97 high to $1.162 swing low. It is now trading well above $1.3500 and the 100 simple moving average (4-hours). There is also a major contracting triangle forming with resistance near $1.50 on the 4-hours chart of the XRP/USD pair.

Ripple’s XRP Price

Source: XRPUSD on TradingView.com

The triangle resistance near $1.50 holds the key. The next hurdle could be $1.56. It is near the 50% Fib retracement level of the downward move from the $1.97 high to $1.162 swing low.

A successful break above the triangle resistance and then $1.56 could set the pace for a fresh surge. In this case, the price could even rally above the $1.65 and $1.70 levels.

Dips Limited in XRP?

If ripple fails to clear the $1.5000 resistance or $1.560, it could correct further lower. An initial support on the downside is near the $1.3200 level and the 100 SMA.

The next major support is near the $1.28 level and the triangle lower trend line. Any more losses might call for a drop towards the $1.15 support zone in the coming sessions.

Technical Indicators

4-Hours MACD – The MACD for XRP/USD is slowly gaining pace in the bullish zone.

4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.

Major Support Levels – $1.32, $1.28 and $1.15.

Major Resistance Levels – $1.50, $1.56 and $1.65.

Bitcoin Price Analysis: BTC is Facing Uphill Task Near $58K

  • Bitcoin price started a sharp decline and it tested the $51,250 zone against the US Dollar.
  • The price is now trading well below $58,000 and the 55 simple moving average (4-hours).
  • There is a major bearish trend line forming with resistance near $58,200 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).
  • The pair could start a fresh rally if it breaks the $58,000 and $58,200 resistance levels.

Bitcoin price declined sharply from well above $60,000 against the US Dollar. BTC is now consolidating losses and it is facing a major hurdle near the $58,000 zone.

Bitcoin Price Analysis

Recently, bitcoin price saw a strong decline from well above the $60,000 level against the US Dollar. BTC broke many supports near the $58,000 and $55,000 levels.

It even spiked below the $52,000 level and settled below the 55 simple moving average (4-hours). A low is formed near $51,289 and the price is now consolidating losses. It recovered slightly above the $54,000 and $55,000 resistance levels.

However, it is facing resistance near the $57,500 level. The 50% Fib retracement level of the key decline from the $62,617 swing high to $51,289 low is acting as a resistance.

The next major resistance is near the $58,000 zone. There is also a major bearish trend line forming with resistance near $58,200 on the 4-hours chart of the BTC/USD pair. The trend line is close to the 61.8% Fib retracement level of the key decline from the $62,617 swing high to $51,289 low.

A successful break and close above $58,000 and the trend line resistance could open the doors for a steady increase. The next major resistance could be $60,000.

On the downside, the $55,000 level is a major support. The main breakdown support is near the $54,000 level, below which there could be a sharp decline towards $50,000.

Bitcoin Price

Bitcoin Price

Looking at the chart, bitcoin price is clearly facing hurdles near $58,000 and the 55 simple moving average (4-hours). Overall, the price could start a fresh rally if it breaks the $58,000 and $58,200 resistance levels.

Technical indicators

4 hours MACD – The MACD is slowly losing momentum in the bearish zone.

4 hours RSI (Relative Strength Index) – The RSI is just below the 50 level.

Key Support Levels – $55,000 and $54,000.

Key Resistance Levels – $57,500, $58,000 and $60,000.

The post Bitcoin Price Analysis: BTC is Facing Uphill Task Near $58K appeared first on Live Bitcoin News.

TA: Ethereum Reclaims 100 SMA, What Does This Means For the Bulls

Ethereum remained strong above the $2,200 level and it climbed higher against the US Dollar. ETH price is back above the 100 hourly SMA and it is signaling more upsides above $2,400.

  • Ethereum gained pace and it cleared the $2,300 resistance zone.
  • The price is now trading well above $2,300 and the 100 hourly simple moving average.
  • There was a break above a crucial bearish trend line with resistance near $2,175 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is showing positive signs and it is likely to continue higher above $2,400.

Ethereum Price Is Gaining Pace

Ethereum remained well bid above the $2,100 zone. As a result, ETH started a fresh increase above the $2,180 and $2,200 resistance levels.

There was a clear break above a crucial bearish trend line with resistance near $2,175 on the hourly chart of ETH/USD. It opened the doors for a steady increase above the $2,250 and $2,300 resistance levels.

Ether climbed above the 61.8% Fib retracement level of the key decline from the $2,500 swing high to $1,950 swing low. It is now trading well above $2,300 and the 100 hourly simple moving average. An immediate resistance is near the $2,350 level.

Ethereum Price

Source: ETHUSD on TradingView.com

The first key resistance is near the $2,370 level. It is near the 76.4% Fib retracement level of the key decline from the $2,500 swing high to $1,950 swing low. A clear upside break above the $2,350 and $2,370 levels could set the pace for a surge above the $2,400 level. In the stated case, ether price may easily revisit the $2,500 zone.

Downsides Limited in ETH?

If Ethereum fails to clear the $2,350 and $2,370 resistance levels, it could correct lower. An initial support on the downside is near the $2,300 zone.

The first support is now forming near the $2,250 level and the 100 hourly simple moving average. If ether fails to stay above the 100 hourly simple moving average, there is a risk of more downsides below the $2,200 support. The next major support below $2,200 sits near the $2,150 pivot level.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is now gaining momentum in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now well above the 50 level.

Major Support Level – $2,250

Major Resistance Level – $2,350

Bitcoin Consolidates, Ethereum Gains Bullish Momentum, DOGE Crashes

After a strong rejection near USD 57,500, bitcoin price corrected lower. BTC traded below the USD 56,500 support zone and it is currently (04:30 UTC) trading below USD 56,000. If it fails to stay above USD 55,000, there could be a drop towards USD 53,200. Conversely, most major altcoins are gaining traction. ETH cleared the key USD 2,300 resistance zone, while XRP/USD is also rising and it cleared

TA: Bitcoin Struggles Below $57K, Here’s Why 100 SMA Holds The Key

Bitcoin price is holding the $55,000 support zone against the US Dollar. BTC must clear the $57,000 resistance and the 100 hourly SMA to move into a positive zone.

  • Bitcoin is somehow holding the $55,000 and $54,500 support levels.
  • The price is now facing a strong resistance near $57,500 and the 100 hourly simple moving average.
  • There was a break above a major declining channel with resistance near $55,250 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could start a strong increase if there is a clear break above the $57,500 resistance zone.

Bitcoin Price is Facing Hurdles

Bitcoin remained below the main $57,500 resistance zone. BTC declined below the $55,000 support, but it found support near the $53,400 zone. A low was formed near $53,338 before the price started a fresh increase.

It broke the $54,500 and $55,000 resistance levels. There was also a break above a major declining channel with resistance near $55,250 on the hourly chart of the BTC/USD pair. The pair even climbed above $57,000, but it failed to clear the 100 hourly simple moving average.

A high is formed near $57,150 and the price is now correcting lower. It traded close to the 50% Fib retracement level of the upward move from the $53,338 low to $57,151 high.

Bitcoin Price

Source: BTCUSD on TradingView.com

On the upside, the price is facing a strong resistance near the $57,100 and $57,500 levels. The 100 hourly simple moving average is also near the $57,500 level to act as a hurdle. A successful break above the $57,500 resistance is must to start a strong increase in the coming sessions.

Dips Supported in BTC?

If bitcoin fails to clear the $57,000 and $57,500 resistance levels, it could correct lower. An immediate support on the downside is near the $55,200 level.

The first key support is near the $54,800 level. It is near the 61.8% Fib retracement level of the upward move from the $53,338 low to $57,151 high. Any more losses may possibly call for a retest of the $53,350 zone in the near term.

Technical indicators:

Hourly MACD – The MACD is struggling to gain momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now close to the 50 level.

Major Support Levels – $55,200, followed by $54,800.

Major Resistance Levels – $56,500, $57,100 and $57,500.

Bitcoin and Ethereum Approach Breakout Levels, Dips Turn Attractive

Bitcoin price managed to stay above the USD 54,000 support zone. BTC started a fresh recovery wave and it climbed above the USD 55,500 level. It is currently (12:30 PM UTC) showing a few positive signs, but it could face hurdles near USD 56,500. Similarly, most major altcoins are attempting a fresh recovery. ETH is back above USD 2,150, but it could face resistance near USD 2,200. XRP/USD is

Cardano (ADA) Price Analysis: Risk of More Downsides Below $1.05

  • ADA price started a strong decline from well above the $1.350 level against the US Dollar.
  • The price is now well below the $1.300 support and the 55 simple moving average (4-hours).
  • There was a break below a key contracting triangle with support near $1.305 on the 4-hours chart (data feed via Bitfinex).
  • The price is likely to continue lower below the $1.100 and $1.050 support levels.

Cardano price is declining and trading well below $1.200 against the US Dollar, similar to bitcoin. ADA price could decline heavily if it fails to stay above $1.050.

Cardano Price Analysis

After forming a base above the $1.250 level, cardano price started a strong increase against the US Dollar. The ADA/USD pair broke many hurdles near $1.300 and $1.400 levels.

It even spiked above $1.500, but it failed to clear the $1.560. A high was formed near $1.560 and there was a sharp decline in the past few sessions. The price broke many supports near the $1.450 and $1.300 levels. There was also a break below a key contracting triangle with support near $1.305 on the 4-hours chart.

It is currently trading well below $1.300 and the 55 simple moving average (4-hours). It tested the $1.050 support and started a recovery wave. It climbed above the $1.150 and $1.220 levels.

There was a break above the 23.6% Fib retracement level of the downward move from the $1.560 high to $1.056 low. However, the price is facing a strong resistance near the $1.300 and $1.308 levels. It failed to clear the 55 simple moving average (4-hours). The 50% Fib retracement level of the downward move from the $1.560 high to $1.056 low is also acting as a resistance.

It is sliding again and trading below $1.250. An immediate support is near the $1.100 level. The main support is near the $1.050 level. If there is a clear break below the $1.050 support, there is a risk of a sharp decline in the coming sessions.

Conversely, the price might start a fresh increase above the $1.250 resistance zone. The next key resistance is near the $1.308 level.

Cardano (ADA) Price

Cardano (ADA) Price

The chart indicates that ADA price is clearly struggling below the $1.300 and $1.250 levels. Overall, the price is likely to continue lower below the $1.100 and $1.050 support levels.

Technical Indicators

4 hours MACD – The MACD for ADA/USD is now gaining pace in the bearish zone.

4 hours RSI – The RSI for ADA/USD is now well below the 50 level.

Key Support Levels – $1.100 and $1.050.

Key Resistance Levels – $1.250 and $1.300.

The post Cardano (ADA) Price Analysis: Risk of More Downsides Below $1.05 appeared first on Live Bitcoin News.

Ethereum Price Analysis: ETH Corrects Lower, $2,000 Holds The Key

  • Ethereum price started a fresh decline from well above $2,400 against the US Dollar.
  • ETH price is currently trading well below $2,275 and the 55 simple moving average (4-hours).
  • There was a break below a major contracting triangle with support near $2,275 on the 4-hours chart (data feed from Coinbase).
  • The pair is likely to find a strong buying interest near the $2,000 and $1,930 levels.

Ethereum price is correcting gains below $2,300 against the US Dollar. ETH/USD could decline heavily if there is a daily close below the $2,000 support zone.

Ethereum Price Analysis

There was an upside break in Ethereum above the $2,400 level against the US Dollar. However, ETH failed to test the $2,550 resistance zone. A high was formed near $2,548 before the price started a fresh decline.

The price broke many supports near the $2,300 and $2,275 levels. There was also a break below a major contracting triangle with support near $2,275 on the 4-hours chart. It is currently trading well below $2,275 and the 55 simple moving average (4-hours).

ETH tested the $2,000 support and started a recovery wave. It climbed above the $2,150 and $2,200 levels. There was a break above the 23.6% Fib retracement level of the downward move from the $2,548 high to $2,000 low.

However, the price is facing a strong resistance near the $2,275 and $2,300 levels. It failed to clear the 55 simple moving average (4-hours). The 50% Fib retracement level of the downward move from the $2,548 high to $2,000 low is also acting as a resistance.

It is sliding again and trading below $2,150. An immediate support is near the $2,050 level. The main support is near the $2,000 level. If there is a daily close below the $2,000 level, there is a risk of a sharp decline in the coming sessions.

Conversely, the price might start a fresh increase above the $2,275 resistance zone. The next key resistance is near the $2,400 level.

Ethereum Price

Ethereum Price

Looking at the chart, Ethereum price is clearly trading well below the $2,300 level and the 55 simple moving average (4-hours). Overall, ether price is likely to find a strong buying interest near the $2,000 and $1,930 levels.

Technical indicators

4 hours MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.

4 hours RSI (Relative Strength Index) – The RSI for ETH/USD is now well below the 50 level.

Key Support Levels – $2,050, followed by the $2,000 zone.

Key Resistance Levels – $2,200 and $2,275.

The post Ethereum Price Analysis: ETH Corrects Lower, $2,000 Holds The Key appeared first on Live Bitcoin News.

TA: Ethereum Resumes Decline, Here’s How The Bears Could Take Control

Ethereum failed to recover above the $2,300 resistance zone against the US Dollar. ETH price is moving lower and it is likely to accelerate lower below the $2,000 support.

  • Ethereum failed to move above the $2,300 zone and started a fresh decline.
  • The price is now trading well below $2,200 and the 100 hourly simple moving average.
  • There is a major bearish trend line forming with resistance near $2,180 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is likely to break the $2,000 support and continue lower in the near term.

Ethereum Price Is Declining

Ethereum started a short-term recovery wave above the $2,100 level. ETH broke the $2,200 resistance level, but the bulls struggled to gain strength, similar to bitcoin.

It faced a strong selling interest near the $2,280 and $2,300 levels. A high was formed near $2,281 before the price started a fresh decline. It broke the 50% Fib retracement level of the upward move from the $1,953 swing low to $2,281 high.

It is now trading well below $2,200 and the 100 hourly simple moving average. There is also a major bearish trend line forming with resistance near $2,180 on the hourly chart of ETH/USD.

Ethereum Price

Source: ETHUSD on TradingView.com

An immediate support is near the $2,040 level. It is near the 76.4% Fib retracement level of the upward move from the $1,953 swing low to $2,281 high. A downside break below the $2,040 level may possibly open the doors for more losses. The next major support is near the $2,000 level, below which the price could dive towards the $1,920 and $1,900 levels.

Upsides Limited in ETH?

If Ethereum stays above the $2,040 and $2,000 support levels, it could start a fresh increase. An initial resistance on the upside is near the $2,150 level.

The first major resistance is now forming near the trend line and $2,160. A clear break above the trend line resistance could lead the price towards the main $2,280 resistance and the 100 hourly simple moving average. Ether must settle above $2,280 and $2,300 to move back into a positive zone in the coming days.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is slowly gaining momentum in the bearish zone.

Hourly RSIThe RSI for ETH/USD is now well below the 50 level.

Major Support Level – $2,040

Major Resistance Level – $2,160

Bitcoin, Ethereum and Altcoins Resume Decline, DOGE In Green

Yesterday, bitcoin price saw a recovery wave above the USD 56,500 pivot level. However, BTC failed to continue higher above the USD 57,500 and USD 58,000 resistance levels. It started a fresh decline and it is currently (04:30 UTC) trading well below USD 56,000. Similarly, most major altcoins are showing a few bearish signs. ETH is declining and it is now trading below USD 2,150. XRP/USD extended

TA: Here’s Why Bitcoin Price Is Primed To Revisit $52K Support

Bitcoin price struggled to recover above $57,500 against the US Dollar. BTC is now declining and it remains at a risk of more downsides towards $52,000.

  • Bitcoin is facing an uphill task above the $57,000 and $57,500 levels.
  • The price is now trading well below the $57,000 level and the 100 hourly simple moving average.
  • There is a key declining channel forming with resistance near $56,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair is likely to continue lower towards $53,000 and $52,000 in the near term.

Bitcoin Price Resumes Decline

Bitcoin started a decent recovery wave above the $55,000 resistance zone. BTC broke the $56,500 and $57,000 resistance levels.

There was a break above the 23.6% Fib retracement level of the downward move from the $63,750 swing high to $51,150 swing low. However, the bulls faced an uphill task near the $57,500 level and it also remained well below the 100 hourly simple moving average.

It seems like bitcoin was rejected near the 50% Fib retracement level of the downward move from the $63,750 swing high to $51,150 swing low. It is now trading well below the $57,000 level and the 100 hourly simple moving average.

Bitcoin Price

Source: BTCUSD on TradingView.com

There is also a key declining channel forming with resistance near $56,000 on the hourly chart of the BTC/USD pair. If there is a downside break below the channel support at $54,000, there is a risk of a drop towards the $53,000 support zone. The next major support is near $52,000, where the bulls might take a stand.

Upsides Capped in BTC?

If bitcoin remains stable above the $54,000 level, it could attempt an upside break. The first key resistance is near the channel trend line at $56,000.

An upside break above the channel resistance could open the doors for a move towards the $57,500 resistance. The next major hurdle for the bulls could be $58,000 or the 100 hourly simple moving average. A close above the $57,500 and $58,000 levels is must to change the current bearish bias in the near term.

Technical indicators:

Hourly MACD – The MACD is slowly gaining momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now well below the 50 level.

Major Support Levels – $54,000, followed by $52,000.

Major Resistance Levels – $56,000, $57,000 and $57,500.

Bitcoin and Ethereum Remain Well Bid, DOGE Hits New ATH

Bitcoin price recovered above the USD 56,000 and USD 57,000 levels. BTC is currently (12:00 PM UTC) consolidating gains above USD 56,500. If the bulls gain momentum above USD 58,000, there could be a sharp upward move. Similarly, most major altcoins are showing positive signs. ETH is facing strong resistance near USD 2,280 and USD 2,300. XRP/USD is also facing strong resistance near the USD 1.50

Ripple Price Analysis: Risk of More Losses Below $1.35

  • Ripple price surged towards the $2.0 level before correcting lower against the US dollar.
  • The price is now trading below the $1.65 support and the 55 simple moving average (4-hours).
  • There is a major declining channel forming with resistance near $1.620 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).
  • The pair could extend its losses below $1.350 as long as it is below the $1.650 zone.

Ripple price is struggling to hold gains above $1.350 resistance against the US Dollar. XRP price remains at a risk of more losses unless there is a break above $1.650.

Ripple Price Analysis

After forming a base above the $1.000 and $1.100 support levels, ripple price started a fresh rally against the US Dollar. The XRP/USD pair broke many hurdles near $1.5000 and $1.650 to move into a positive zone.

It even attempted a test of the $2.00 level and settled above the 55 simple moving average (4-hours). A high was formed near $1.964 before there was a sharp downside correction. The price broke a couple of important supports near the $1.650 level.

There was also a break below the $1.500 level. The price is now trading below the $1.65 support and the 55 simple moving average (4-hours). A low is formed near $1.360 and it is now consolidating losses.

An initial resistance on the upside is near the $1.500 level. It is near the 23.6% Fib retracement level of the recent decline from the $1.964 high to $1.360 low. The 55 simple moving average (4-hours) is also near $1.500.

Moreover, there is a major declining channel forming with resistance near $1.620 on the 4-hours chart of the XRP/USD pair. The main resistance is near the $1.650 level. It is near the 50% Fib retracement level of the recent decline from the $1.964 high to $1.360 low.

A successful close above the channel resistance and then $1.650 is must for a fresh rally. The main target for the bulls above $1.650 might be $2.00 in the near term.

On the downside, the price could find a strong support near $1.350, below which the price might slide towards the $1.10 level.

Ripple Price

Ripple Price

Looking at the chart, ripple price is clearly facing hurdles near the 55 simple moving average (4-hours) and $1.600. Overall, the price could extend its losses below $1.350 as long as it is below the $1.650 zone.

Technical indicators

4 hours MACD – The MACD for XRP/USD is now losing momentum in the bearish zone.

4 hours RSI (Relative Strength Index) – The RSI for XRP/USD is below the 50 level.

Key Support Levels – $1.360, $1.350 and $1.100.

Key Resistance Levels – $1.500 and $1.650.

The post Ripple Price Analysis: Risk of More Losses Below $1.35 appeared first on Live Bitcoin News.

Bitcoin, Ethereum and Altcoins Trim Losses, DOGE Rallying Again

Yesterday, bitcoin price saw a nasty decline of over USD 8,000. BTC even tested the USD 51,500 support before the bulls appeared. It recovered some of its losses and it is currently (04:30 UTC) showing positive signs above the USD 56,500 pivot level. Similarly, most major altcoins are trimming losses. ETH tested the USD 2,000 support zone and recovered above USD 2,250. XRP/USD must break USD 1.50

TA: Ethereum Corrects Losses, Here’s Why $2,300 Is A Major Hurdle

Ethereum started a sharp downside correction below $2,400 and $2,300 against the US Dollar. ETH price is correcting losses, but it is likely to face sellers near $2,300.

  • Ethereum declined heavily from well above $2,400 and tested the $2,000 zone.
  • The price is now trading well below $2,300 and the 100 hourly simple moving average.
  • There was a break above a key bearish trend line with resistance near $2,250 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is likely to face a strong resistance near $2,300 and $2,320.

Ethereum Price Is Correcting Losses

Ethereum formed a short-term top near the $2,550 level and started a major decline. ETH traded below many important supports near the $2,400 and $2,300.

The price even declined below the $2,200 support and settled well below the 100 hourly simple moving average, similar to bitcoin. It even spiked below the $2,000 support and traded as low as $1,951. Recently, ether started a decent recovery and climbed above the $2,100 and $2,200 levels.

There was a break above the 50% Fib retracement level of the downward move from the $2,496 swing high to $1,951 low. There was also a break above a key bearish trend line with resistance near $2,250 on the hourly chart of ETH/USD.

Ethereum Price

Source: ETHUSD on TradingView.com

The pair is now consolidating near the $2,250 level. On the upside, there is a major resistance forming near the $2,300 level and the 100 hourly simple moving average. The 61.8% Fib retracement level of the downward move from the $2,496 swing high to $1,951 low is also near $2,288.

A successful close above the $2,300 level and the 100 hourly SMA is must to move back into a positive zone. The next major resistance sits near $2,350.

Fresh Decline in ETH?

If Ethereum fails to clear the $2,300 level and the 100 hourly SMA, there is a risk of a fresh decline. An initial support on the downside is near the $2,200 level.

The next major support is near the $2,175 level. A successful downside break below the $2,175 support zone could open the doors for a move towards the $2,100 support in the coming sessions.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is slowly gaining momentum in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now back above the 50 level.

Major Support Level – $2,200

Major Resistance Level – $2,300

Bitcoin Price Nosedives $5K, Why BTC Could Extend Losses

Bitcoin price started a sharp decline after it broke the $60,000 support zone against the US Dollar. BTC is correcting gains, but it is likely to face sellers below $58,000.

  • Bitcoin declined heavily below the $60,000 and $58,000 support levels.
  • The price is now trading well below $58,000 and the 100 simple moving average (4-hours).
  • There was a break below a key bullish trend line with support near $62,000 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
  • The pair is correcting losses, but it might face resistance near $58,000 and $60,000.

Bitcoin Price is Down 12%

This past week, bitcoin price saw a decent increase above the $62,000 resistance against the US Dollar. The BTC/USD pair traded to a new all-time above $64,000 and it settled above the 100 simple moving average (4-hours).

However, there was a substantial downside correction from well above $62,000 in the past few sessions. The price declined heavily below the $60,000 and $58,000 support levels.

The bears were able to push the price below the $55,000 support zone and the 100 simple moving average (4-hours). A low is formed near $51,132 and the price is now correcting higher. It broke the $52,000 and $53,200 resistance levels.

Bitcoin Price

Source: BTCUSD on TradingView.com

Bitcoin cleared the 23.6% Fib retracement level of the recent decline from the $62,692 high to $51,132 low. The price is now facing resistance near the $55,500 and $56,000 levels.

The first major resistance is near the $57,000 level. It is near the 50% Fib retracement level of the recent decline from the $62,692 high to $51,132 low. The main resistance is now forming near the $58,500 level, above which the price might start a fresh increase.

More Losses in BTC?

If bitcoin fails above the $56,000 level, there is a risk of more losses. The first major support is near the $55,000 and $54,800 levels.

The next major support is near the $53,800 level. Any more losses might call for a fresh drop towards the $52,000 support levels. In the stated case, there are even chances of a drop towards the main $50,000 support zone in the near term.

Technical indicators

4 hours MACD – The MACD for BTC/USD is gaining momentum in the bearish zone.

4 hours RSI (Relative Strength Index) – The RSI for BTC/USD is now well below the 40 level.

Major Support Level – $53,800

Major Resistance Level – $57,000

Bitcoin, Ethereum Correct Lower While DOGE Keeps Rallying

Bitcoin price failed to stay above the USD 63,000 level and it extended its downside correction. BTC traded below the USD 62,000 and USD 61,200 support levels. It is currently (12:00 PM UTC) trading well below USD 61,000 and the bears might attempt a break below USD 60,000. Similarly, most major altcoins are correcting gains. ETH is down over 2% and it traded below the USD 2,400 level. XRP/USD is

TA: Ethereum Corrects Rally, But 100 SMA Could Spark Fresh Increase

Ethereum climbed further above the $2,500 level against the US Dollar. ETH price is correcting gains, but it is likely to remain stable near $2,350 and the 100 hourly SMA.

  • Ethereum gained pace above $2,500 and it traded to a new all-time high near USD 2,548.
  • The price is now trading well above $2,400 and the 100 hourly simple moving average.
  • There is a key rising channel forming with support near $2,420 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is likely to resume its rise as long as it is above the $2,350 support zone.

Ethereum Price Is Correcting Gains

Ethereum followed a bullish path above the $2,400 level and extended its gains. ETH even broke the $2,500 level and traded to a new all-time high at $2,488.

Recently, there was a downside correction below the $2,500 level, similar to bitcoin. The bears were able to push the price below the $2,480 support level. The price even broke the 50% Fib retracement level of the upward wave from the $2,406 swing low to $2,548 high.

The price is now approaching the $2,420 support level. It is testing the 76.4% Fib retracement level of the upward wave from the $2,406 swing low to $2,548 high.

Ethereum Price

Source: ETHUSD on TradingView.com

There is also a key rising channel forming with support near $2,420 on the hourly chart of ETH/USD. If there is a downside break below the channel support, the price could decline towards the $2,350 support. The 100 hourly simple moving average is also near the $2,350 level to provide support.

Any more losses might call for a move towards the $2,300 level in the near term. The next major support is near the $2,200 level (the last major breakout zone).

Fresh Increase in ETH?

If Ethereum stays above the channel support, it could start a fresh increase above $2,450. An initial resistance on the upside is near the $2,500 level.

A successful break above the $2,500 level could initiate a move towards the $2,550 level. Any more gains are likely to set the pace for a test of $2,600 or even $2,660 in the coming sessions.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is slowly gaining momentum in the bearish zone.

Hourly RSIThe RSI for ETH/USD is now just below the 50 level.

Major Support Level – $2,350

Major Resistance Level – $2,500

Ethereum Breaks USD 2,500, DOGE Doubles while Bitcoin Consolidates

Bitcoin price corrected lower from the USD 64,900 zone. BTC broke the USD 63,000 support, but it is holding gains above the USD 62,000 level. It is currently (04:00 UTC) showing positive signs and it might start a fresh rally above USD 64,000. Besides, most major altcoins are trading in a bullish zone. ETH extended its rally above USD 2,500 and it traded to a new all-time high near USD 2,550.

TA: Bitcoin Consolidates, Here’s Why BTC Could Surge Above $64K

Bitcoin price started a downside correction from the $54,900 zone against the US Dollar. BTC is now consolidating and it could start a fresh increase if it clears $54,900

  • Bitcoin is showing positive signs above the $62,500 and $62,000 levels.
  • The price is now trading well above the $62,000 level and the 100 hourly simple moving average.
  • There is a key contracting triangle forming with resistance near $63,700 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair is likely to start a fresh rally if it clears the main $64,000 resistance zone.

Bitcoin Price is Holding Gains

Bitcoin traded to a new all-time high at $64,892 before starting a downside correction. BTC corrected below the $64,000 and $63,500 support levels.

There was a spike below the $62,000 support, but the 100 hourly simple moving average acted as a support. The price is now trading well above the $62,000 level and the 100 hourly simple moving average. It recovered above the 50% Fib retracement level of the recent decline from the $64,892 swing high to $61,292 low.

Bitcoin Price

Source: BTCUSD on TradingView.com

However, the bulls are now facing resistance near the $63,500 zone. There is also a key contracting triangle forming with resistance near $63,700 on the hourly chart of the BTC/USD pair.

The triangle resistance is near the 61.8% Fib retracement level of the recent decline from the $64,892 swing high to $61,292 low. A successful break above the triangle resistance could spark an upside break above the $64,000 level. In the stated case, the price could rally towards the $65,000 level. Any more gains might call for a move towards the $66,500 and $66,800 levels in the near term.

Dips Supported in BTC?

If bitcoin fails to climb above $63,700 and $64,000, there could be another downside correction. An initial support on the downside is near the $62,500 level.

The main support is now forming near the $62,000 level and the triangle trend line. A downside break below the triangle trend line support might lead the price further lower towards the key $61,120 support zone in the near term.

Technical indicators:

Hourly MACD – The MACD is slowly losing momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now just above the 50 level.

Major Support Levels – $62,000, followed by $61,120.

Major Resistance Levels – $63,500, $63,700 and $64,000.

Bitcoin, Ethereum and Altcoins Correct Gains, Dips Remain Limited

Bitcoin price corrected 3% from the new all-time high and declined below USD 63,000. BTC is currently (12:30 PM UTC) showing short-term bearish signs, but dips could be limited below USD 61,000 and USD 60,000. To start a fresh increase, the price must clear USD 63,800. Similarly, most major altcoins are correcting lower. ETH traded to a new all-time high near USD 2,488 before correcting lower. XRP

Tron (TRX) Price Analysis: Bulls Aim More Upsides Above $0.15

  • Tron price started a fresh rally from the $0.1000 support zone against the US Dollar.
  • TRX price is now trading above the $0.1200 support and the 55 simple moving average (4-hours).
  • There is a major bullish trend line forming with support near $0.1365 on the 4-hours chart (data feed via Bitfinex).
  • The pair is likely to resume higher unless there are more downsides towards the $0.1000 support.

TRON price is trading in a positive zone above $0.1200 against the US Dollar, similar to bitcoin. TRX price is likely to continue higher above the $0.1500 resistance zone in the near term.

Tron Price Analysis

In the past few days, there was a steady increase in tron price above the $0.1000 and $0.1050 resistance levels against the US Dollar. TRX price cleared many hurdles near $0.1200 to move further into a bullish zone.

Finally, there was a break above the $0.1500 resistance zone. A new multi-week high was formed near $0.1562 before the price started a downside correction. There was a break below the $0.1500 and $0.1450 support levels.

A low is formed near $0.1320 and the price is currently consolidating. It is trading near the 23.6% Fib retracement level of the recent decline from the $0.1562 high to $0.1320 low. It is still trading above the $0.1200 support and the 55 simple moving average (4-hours).

There is also a major bullish trend line forming with support near $0.1365 on the 4-hours chart. An initial resistance on the upside is near the $0.1450 level. It is near the 50% Fib retracement level of the recent decline from the $0.1562 high to $0.1320 low.

The next major resistance is near the $0.1500 level, above which the price is likely to accelerate higher towards $0.1650 and $0.1680. Conversely, there might be a downside break below the trend line and $.1350.

The next major support is near the $0.1250 level and the 55 simple moving average (4-hours). Any more losses might call for a test of the $0.1200 level.

Tron (TRX) Price

Tron (TRX) Price

The chart indicates that TRX price is clearly trading above the $0.1200 support and the 55 simple moving average (4-hours). Overall, the price is likely to resume higher unless there are more downsides towards the $0.1000 support.

Technical Indicators

4 hours MACD – The MACD for TRX/USD is slowly gaining momentum in the bullish zone.

4 hours RSI – The RSI for TRX/USD is still above the 50 level.

Key Support Levels – $0.1350 and $0.1250.

Key Resistance Levels – $0.1450, $0.1500 and $0.1650.

The post Tron (TRX) Price Analysis: Bulls Aim More Upsides Above $0.15 appeared first on Live Bitcoin News.

Bitcoin Price Analysis: BTC Reaches $65K, Bulls In Control

  • Bitcoin price extended its rise above the $64,000 resistance against the US Dollar.
  • The price is now trading above the $61,500 support and the 55 simple moving average (4-hours).
  • There is a major bullish trend line forming with support near $61,080 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).
  • The pair could start a fresh rally above $63,000 as long as there is no close below $60,000.

Bitcoin price extended its rally to a new all-time high above $64,500 against the US Dollar. BTC is correcting gains, but it remains well bid above the $60,000 zone.

Bitcoin Price Analysis

In the past few sessions, bitcoin price saw a strong increase above the $60,000 resistance against the US Dollar. BTC even traded above the $62,000 level and extended its rally above $64,000.

It traded to a new all-time high at $64,950 before starting a downside correction. There was a break below the $64,000 support zone. The price declined below the 50% Fib retracement level of the upward wave from the $59,300 swing low to $64,950 swing high.

It is now trading nicely above the $61,500 support and the 55 simple moving average (4-hours). There was a test of the 61.8% Fib retracement level of the upward wave from the $59,300 swing low to $64,950 swing high.

There is also a major bullish trend line forming with support near $61,080 on the 4-hours chart of the BTC/USD pair. The pair is now showing positive signs above the $62,000 level. The first major resistance on the upside is near the $63,600 level.

The next major hurdle is near the $64,000 level. A clear break above the $64,000 barrier could open the doors for a move towards the $65,000 and $65,500 levels.

On the downside, the $62,000 level is a major support. The main breakdown support is near the $61,000 level, below which there could be a sharp decline towards $59,300.

Bitcoin Price

Bitcoin Price

Looking at the chart, bitcoin price is clearly trading in a positive zone above $62,000 and the 55 simple moving average (4-hours). Overall, the price could start a fresh rally above $63,000 as long as there is no close below $60,000.

Technical indicators

4 hours MACD – The MACD is slowly losing momentum in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI is still well above the 50 level.

Key Support Levels – $62,000 and $61,000.

Key Resistance Levels – $63,600, $64,000 and $65,000.

The post Bitcoin Price Analysis: BTC Reaches $65K, Bulls In Control appeared first on Live Bitcoin News.

TA: Ethereum Outperforms Bitcoin, Why Bulls Could Aim $2,500 or Higher

Ethereum extended its rally to a new all-time high near $2,450 against the US Dollar. ETH price is now consolidating gains, with high chances of more gains above the $2,450 level.

  • Ethereum traded above $2,400 and topped near the $2,450 level.
  • The price is now trading well above $2,400 and the 100 hourly simple moving average.
  • There is a major bullish trend line forming with support near $2,370 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is likely to continue higher towards the $2,480 and $2,500 levels in the near term.

Ethereum Price Is Holding Gains

Ethereum remains in a positive zone above the $2,300 level. ETH extended its rally above the $2,400 level, outperforming bitcoin in the short-term.

It traded to a new all-time high near the $2,450 level and settled well above the 100 hourly simple moving average. It is now correcting gains and trading just below $2,420. There was a test of the 23.6% Fib retracement level of the upward move from the $2,293 swing low to $2,450 high.

Ethereum Price

Source: ETHUSD on TradingView.com

On the downside, there is a key support forming near the $2,400 level. The next major support is near the $2,375 level. There is also a major bullish trend line forming with support near $2,370 on the hourly chart of ETH/USD.

The trend line is close to the 50% Fib retracement level of the upward move from the $2,293 swing low to $2,450 high. On the upside, the $2,450 level is a major resistance zone. A successful close above the $2,450 level is likely to set the pace for a move towards the $2,500 level.

Dips Supported in ETH?

If Ethereum fails to clear the $2,450 resistance, it could correct lower. The first major support is now forming near the $2,400 level.

The main support is now near the $2,3750 level and the trend line zone. If ether fails to stay above the $2,375 support zone, it could continue to move down towards the $2,330 support zone. If the bulls fail to clear protect the $2,330 support could open the doors for a move towards the $2,320 support.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is slowly losing momentum in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now well above the 60 level.

Major Support Level – $2,375

Major Resistance Level – $2,450

Bitcoin Consolidates, Ethereum Extends Gains, DOGE Inches Higher

Bitcoin price remains in a bullish zone and it extended its rise above USD 64,000. BTC traded to a new all-time high near USD 64,900 before it corrected lower. It is currently (04:00 UTC) consolidating gains and it might start a fresh increase above USD 64,000. Besides, most major altcoins are still trading in a steady uptrend. ETH gained bullish momentum and it even broke the USD 2,450 level. XRP

TA: Bitcoin Trims Gains, But Here’s How BTC Could Rise Again

Bitcoin price traded to a new all-time high near $64,892 before correcting lower against the US Dollar. BTC tested the $61,500 level and it is now showing a few positive signs.

  • Bitcoin climbed further above the $63,000 and $64,000 resistance levels.
  • The price is now trading well above the $62,000 level and the 100 hourly simple moving average.
  • There is a major bullish trend line forming with support near $61,850 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair is likely to start a fresh increase as long as it is above the $61,120 support zone.

Bitcoin Price is Correcting Gains

Bitcoin remained in a positive zone above the $62,000 level. BTC even extended its rise above the $63,000 and $64,000 resistance levels. It traded to a new all-time high at $64,892 before it started a downside correction.

There was a break below the $64,000 and $63,000 levels. The price declined below the 50% Fib retracement level of the upward move from the $59,700 swing low to $64,892 high. There was even a spike below the $62,000 support zone.

However, the bulls appeared near the $61,500 level. It remained well bid near the 61.8% Fib retracement level of the upward move from the $59,700 swing low to $64,892 high.

Bitcoin Price

Source: BTCUSD on TradingView.com

There is also a major bullish trend line forming with support near $61,850 on the hourly chart of the BTC/USD pair. The pair is now recovering, and trading well above the $62,000 level and the 100 hourly simple moving average.

An initial resistance is near the $63,500 and $63,700 levels. The next major resistance is near the $64,000 level, above which the price is likely to climb to a new all-time high.

Dips Limited in BTC?

If bitcoin fails to climb above $63,500 and $63,700, there could be another downside correction. An initial support on the downside is near the $62,000 level.

The main support is now forming near the $61,800 level and the trend line. A downside break below the trend line support might call for a test of the key $61,120 support zone in the near term.

Technical indicators:

Hourly MACD – The MACD is now losing momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now close to the 50 level.

Major Support Levels – $61,800, followed by $61,120.

Major Resistance Levels – $63,500, $63,700 and $64,000.

Dogecoin Leads Market While Bitcoin, Ethereum Keep Their Uptrend

Bitcoin price remained in a bullish zone above the USD 62,000 level. BTC climbed further above the USD 64,000 and USD 64,200 levels. It traded to a new all-time high near USD 64,900 and it is currently (12:30 PM UTC) correcting lower. Similarly, most major altcoins are showing positive signs. ETH gained pace and it even broke the USD 2,400 level. XRP extended its rally above USD 1.90 and traded

Cardano (ADA) Price Analysis: Surging Above $1.50, More Gains Possible

  • ADA price started a strong increase above the $1.350 and $1.400 resistance levels against the US Dollar.
  • The price is now above the $1.400 support and the 55 simple moving average (4-hours).
  • There is a major bullish trend line forming with support near $1.2600 on the 4-hours chart (data feed via Bitfinex).
  • The price is likely to continue higher above the $1.550 and $1.600 resistance levels.

Cardano price is trading with a positive bias above $1.450 against the US Dollar, while bitcoin is rising. ADA price could continue to rise above $1.600 in the coming sessions.

Cardano Price Analysis

After forming a base above the $1.1600 level, cardano price started a strong increase against the US Dollar. The ADA/USD pair broke many hurdles near $1.220 and $1.250 levels to move into a positive zone.

There was a clear break above the $1.350 resistance levels. Recently, there was also a break above a bullish continuation pattern with resistance near $1.340 on the 4-hours chart. The pair gained pace above the $1.400 level and traded to a new yearly high at $1.540.

It is now consolidating gains, with an immediate support near the $1.475 level. It is near the 23.6% Fib retracement level of the upward move from the $1.260 swing low to $1.540 high.

The next major support is near the $1.400 pivot level. The 50% Fib retracement level of the upward move from the $1.260 swing low to $1.540 high is also near the $1.400 zone. Moreover, there is a major bullish trend line forming with support near $1.2600 on the same chart.

Therefore, dips are likely to remain well bid near the $1.400 and $1.320 levels. The price is now trading nicely above the $1.400 support and the 55 simple moving average (4-hours). An immediate resistance on the upside is near the $1.550 level.

A clear break above the recent high could open the doors for more gains above the $1.600 level. The next key resistance is near $1.650, followed by $1.800.

Cardano (ADA) Price

Cardano (ADA) Price

The chart indicates that ADA price is clearly trading in a strong uptrend above $1.400. Overall, the price is likely to continue higher above the $1.550 and $1.600 resistance levels.

Technical Indicators

4 hours MACD – The MACD for ADA/USD is now gaining pace in the bullish zone.

4 hours RSI – The RSI for ADA/USD is now well above the 60 level.

Key Support Levels – $1.475 and $1.400.

Key Resistance Levels – $1.550 and $1.650.

The post Cardano (ADA) Price Analysis: Surging Above $1.50, More Gains Possible appeared first on Live Bitcoin News.

Ethereum Price Analysis: ETH Rallies Further, $2,500 Could Be Next

  • Ethereum price started a fresh increase above the $2,150 resistance against the US Dollar.
  • ETH price is currently trading well above $2,200 and the 55 simple moving average (4-hours).
  • There is a key bullish trend line forming with support near $2,220 on the 4-hours chart (data feed from Coinbase).
  • The pair could dip in the short-term, but there are high chances of more gains above $2,400 in the near term.

Ethereum price is now gaining pace above $2,200 against the US Dollar. ETH/USD already traded to a new all-time high and it could rally further above $2,400

Ethereum Price Analysis

After forming a support base above $2,000, Ethereum started another increase against the US Dollar. ETH broke many hurdles near $2,150 and $2,200 to move further into a positive zone.

There was a steady increase above the $2,300 level. The price is now trading well above $2,200 and the 55 simple moving average (4-hours). It already traded to a new all-time high above $2,380 and it is likely to continue higher in the near term.

An initial support on the downside is near the $2,310 level. It is near the 23.6% Fib retracement level of the upward move from the $2,103 swing low to $2,383 high.

The first major support on the downside is near the $2,240 level. The 50% Fib retracement level of the upward move from the $2,103 swing low to $2,383 high is also near the $2,240 level. There is also a key bullish trend line forming with support near $2,220 on the 4-hours chart.

The main support is now forming near the $2,200 level. Any more losses could open the doors for a move towards the $2,100 level. Conversely, the price might continue to rise above the $2,380 and $2,390 levels.

The next major resistance is near the $2,400 level, above which the price is likely to accelerate higher towards the $2,500 level in the near term.

Ethereum Price

Ethereum Price

Looking at the chart, Ethereum price is clearly trading well above the $2,200 level and the 55 simple moving average (4-hours). Overall, ether price could dip in the short-term, but there are high chances of more gains above $2,400 in the near term.

Technical indicators

4 hours MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for ETH/USD is now well above the 60 level.

Key Support Levels – $2,250, followed by the $2,200 zone.

Key Resistance Levels – $2,400 and $2,500.

The post Ethereum Price Analysis: ETH Rallies Further, $2,500 Could Be Next appeared first on Live Bitcoin News.

TA: Ethereum Sets New ATH, Here’s Why The Bulls Could Aim $2,500

Ethereum is gaining momentum above $2,300 against the US Dollar. ETH price is showing positive signs and it is likely to continue higher towards the $2,400 and $2,500 levels.

  • Ethereum is gaining pace above the $2,200 and $2,250 resistance levels.
  • The price is now trading well above $2,250 and the 100 hourly simple moving average.
  • There was a break above a key contracting triangle with resistance near $2,300 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is likely to continue higher towards the $2,400 and $2,420 levels in the near term.

Ethereum Price Is Gaining Pace

Ethereum started a strong increase after it broke the $2,200 resistance zone. ETH broke many hurdles near $2,220 and $2,250 to move into a positive zone.

There was a clear break above the $2,300 resistance levels. Moreover, there was a break above a key contracting triangle with resistance near $2,300 on the hourly chart of ETH/USD. It is now trading well above the 1.236 Fib extension level of the downward move from the $2,200 swing high to $2,102 low.

Ether is now trading well above $2,250 and the 100 hourly simple moving average. It is showing a lot of positive signs above the $2,300 level, and it traded to a new all-time high, similar to bitcoin.

Ethereum Price

Source: ETHUSD on TradingView.com

It seems like the bulls are aiming a test of the $2,400 level. An intermediate resistance could be $2,355. It is near the 2.618 Fib extension level of the downward move from the $2,200 swing high to $2,102 low. Any more gains could open the doors for a push towards the $2,500 level in the near term.

Dips Limited in ETH?

If Ethereum fails to clear the $2,350 resistance, it could correct lower. The first major support is now forming near the $2,300 level or the broken triangle zone.

The main support is now near the $2,250 level. If ether fails to stay above the $2,250 support zone, it could continue to move down towards the $2,200 support zone. Any more losses might call for a test of the $2,180 support area and the 100 hourly simple moving average.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is now gaining momentum in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now well above the 60 level.

Major Support Level – $2,300

Major Resistance Level – $2,400