Friday, April 10Your Daily Bitcoin & Altcoin News Portal

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Ripple (XRP) Signaling Bearish Breakdown But Can Bears Gain Control?

Ripple (XRP) Signaling Bearish Breakdown But Can Bears Gain Control?

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Please share if you find this article interesting. Ripple (XRP) Signaling Bearish Breakdown But Can Bears Gain Control? Ripple is showing a few bearish signs below the $0.1980 resistance against the US Dollar. XRP price could start a strong decline if it breaks the $0.1900 support area.Ripple price is still struggling to gain momentum above the $0.2000 resistance against the US dollar.The bears were able to push the price below the key 100 hourly simple moving average.There was a break below a major contracting triangle with support near $0.1980 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair could start a major decline if it breaks the $0.1900 support area.Ripple Price Showing Bearish SignsAfter forming a top near the $0.2050 level, ripple started trad...

Bitcoin Tanks Under $7,000 After Rallying 100% From Bottom: What’s Next?

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Please share if you find this article interesting. Bitcoin Tanks Under $7,000 After Rallying 100% From Bottom: What’s Next? After days of consolidation after rallying 100% from the March bottom, Bitcoin tanked under $7,000 just minutes ago, reaching a local low of $6,920 as of the time of this article’s writing. With this downward move, the cryptocurrency is down 6% from Thursday’s peak and down nearly 8% from the highs at $7,470.Bitcoin’s drop comes after stocks have seen an extremely healthy week, with both the S&P 500 and the Dow Jones rallying hard as the coronavirus curve starts to flatten and despite record-level unemployment claims in the U.S.Related Reading: Crypto Tidbits: Bitcoin At $7,000, FATF Regulation, Coinbase Backs Ethereum DeFiThe crypto market’s ongoing correct
Here’s Why Ethereum Could Dive Significantly Below 100 SMA

Here’s Why Ethereum Could Dive Significantly Below 100 SMA

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Please share if you find this article interesting. Here’s Why Ethereum Could Dive Significantly Below 100 SMA Ethereum is trading in a contracting range below the $175 resistance against the US Dollar. ETH price seems to be setting up for the next move either above $200 or towards $152.Ethereum is facing a strong resistance near the $172 and $175 levels.The 100 hourly simple moving average at $165 is likely to act as a strong support and breakdown zone.There is a crucial contracting triangle forming with resistance near $172 on the hourly chart of ETH/USD (data feed via SimpleFX).The pair could either rally above $175 or it might decline significantly below the 100 hourly SMA.Ethereum Price Holding 100 Hourly SMAAfter forming a swing high near the $175 level, Ethereum started tra
Can This Double Bottom Spark Bitcoin Rally Above $7,500?

Can This Double Bottom Spark Bitcoin Rally Above $7,500?

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Please share if you find this article interesting. Can This Double Bottom Spark Bitcoin Rally Above $7,500? Bitcoin is still struggling to clear the $7,400 and $7,500 resistances against the US Dollar. BTC price must stay above $7,080 to rally above $7,500. If not, it could decline heavily below $7,000.Bitcoin is trading in a contracting range below the $7,400 resistance against the US Dollar.A crucial breakdown support is forming near the $7,080 level.There is a major bearish trend line forming with resistance near $7,340 on the hourly chart of the BTC/USD pair (data feed from Kraken).It seems like there is likely a double bottom pattern forming near the $7,100 area.Bitcoin Nearing Key BreakoutIn the past few sessions, bitcoin price traded in a broad range below the $7,400 and $...

An Indicator That Called Every Bitcoin Top With 86% Accuracy: Big Drop is Imminent

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Please share if you find this article interesting. An Indicator That Called Every Bitcoin Top With 86% Accuracy: Big Drop is Imminent Crypto analysts draw chart patterns, utilize technical analysis indicators, and much more to try and predict future price movements in assets like Bitcoin and altcoins. Go to Source Author: Tony Spilotro Found this article interesting? Kindly share it on Social Media.
Bitcoin Will Erupt to $20,000 By Year End: Why BitMEX CEO Doubled Down

Bitcoin Will Erupt to $20,000 By Year End: Why BitMEX CEO Doubled Down

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Please share if you find this article interesting. Bitcoin Will Erupt to $20,000 By Year End: Why BitMEX CEO Doubled Down It’s no secret the past few weeks have been tough for Bitcoin investors. The past month saw a number of horrors: over a billion dollars worth of BitMEX positions were liquidated during the flash crash on March 12th, the cryptocurrency slid 50%, and much more.But, prominent analysts are starting to come to the conclusion that the stars are aligning for the crypto market, certainly for Bitcoin.Related Reading: The Crypto Market Just Put In a “Reliable Bottom Signal”: Can We Trust It?Bitcoin Still Set To Rally 180% In 2020On the eve of the brutal 50% crash that transpired last month, Arthur Hayes, CEO of BitMEX, released the March edition of his newsletter “Crypt
Bulls Beware: Bitcoin Could Dive After This Key Technical Breakdown

Bulls Beware: Bitcoin Could Dive After This Key Technical Breakdown

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Please share if you find this article interesting. Bulls Beware: Bitcoin Could Dive After This Key Technical Breakdown Bitcoin is showing a few bearish signs below the $7,400 resistance area against the US Dollar. BTC price is currently declining and it could extend its weakness towards $7,100 or $6,800.Bitcoin is struggling to clear the $7,400 and $7,500 resistance levels against the US Dollar.The bears are slowly taking control and they are likely aiming a test of $7,000.There was a break below a crucial bullish trend line with support near $7,300 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could correct sharply towards the $7,100 support or $6,800.Bitcoin Could Correct LowerIn the past two days, bitcoin bulls made more than two attempts to gain str...
Ripple (XRP) Just Signaled “Sell” And It’s Vulnerable to Substantial Correction

Ripple (XRP) Just Signaled “Sell” And It’s Vulnerable to Substantial Correction

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Please share if you find this article interesting. Ripple (XRP) Just Signaled “Sell” And It’s Vulnerable to Substantial Correction Ripple is struggling to clear the $0.2025 and $0.2050 resistance levels against the US Dollar. XRP price is currently correcting lower and it could extend its decline towards $0.1920 or $0.1880.Ripple price is showing a few bearish signs below the $0.2025 resistance against the US dollar.It seems like the bulls are struggling to clear the $0.2025 and $0.2050 resistance levels.There was a break below a key contracting triangle with support near $0.2000 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair could continue to decline towards the $0.1920 support or $0.1880.Ripple Price Could Correct GainsIn the past two days, ripple ma
Ethereum Looks Ready For Another Leg Higher Over $175

Ethereum Looks Ready For Another Leg Higher Over $175

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Please share if you find this article interesting. Ethereum Looks Ready For Another Leg Higher Over $175 Ethereum is consolidating gains above the $170 and $165 support levels against the US Dollar. ETH price is likely setting up for another leg higher over the $175 resistance area.Ethereum is showing a few positive signs above the $170 support level.The price could gain bullish momentum once it clears the $175 resistance area.There is a major contracting triangle forming with resistance near $174 on the hourly chart of ETH/USD (data feed via Kraken).The pair could either surge above the $175 barrier or it might correct towards the $162 support.Ethereum Price Eyeing Upside BreakAfter retesting the $175 resistance, Ethereum corrected a few points against the US Dollar. ETH traded ...

Global Hedge Fund Expects Bitcoin to Hit $8K; Here’s Why

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Please share if you find this article interesting. Global Hedge Fund Expects Bitcoin to Hit $8K; Here’s Why Bitcoin rebounded by almost 94 percent after bottoming out below $4,000 in mid-March. And the cryptocurrency could extend its upside momentum, according to a prominent investment management firm.Coincident Capital said Tuesday that the bitcoin price could hit $8,000, taking cues from the recovery of global equities amidst an otherwise looming economic crisis. The Cayman Islands firm highlighted the growing correlation between bitcoin and traditional markets, noting that an impending recovery in stocks could help the cryptocurrency extend its uptrend.“Bullish on Bitcoin,” tweeted Coincident Capital. “Equities pulled back today but give it time. If 6M unemployment didn’t both