Thursday, November 21Your Daily Bitcoin & Altcoin News Portal

PRICE ANALYSIS

Bitcoin (BTC) Price Diving, Gates To $7,400 Now Wide Open

Bitcoin (BTC) Price Diving, Gates To $7,400 Now Wide Open

PRICE ANALYSIS
Please share if you find this article interesting. Bitcoin (BTC) Price Diving, Gates To $7,400 Now Wide Open Bitcoin price is diving and it recently broke the $8,000 support area against the US Dollar.The price is under a lot of pressure and recently traded to a new monthly low at $7,828.Morning’s bearish flag pattern was breached with support near $8,080 on the hourly chart of the BTC/USD pair (data feed from Kraken).The next key target for the bears could be $7,400 (as discussed in the recent Bitcoin PriceLooking at the chart, bitcoin price is clearly gaining bearish momentum below the $8,000 support area. There are high chances of additional losses towards the $7,400 support unless the price rallies above $8,020 and $8,200 in the near term.Technical indicators:Hourly MACD – Th
Bitcoin (BTC) Price Hesitates But Further Downsides Seem Likely

Bitcoin (BTC) Price Hesitates But Further Downsides Seem Likely

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Please share if you find this article interesting. Bitcoin (BTC) Price Hesitates But Further Downsides Seem Likely Bitcoin price is consolidating losses above the $8,000 support area against the US Dollar.The price is likely to struggle near the $8,150 and $8,220 resistance levels.There is a key rising channel or a bearish flag pattern forming with support near $8,060 on the hourly chart of the BTC/USD pair (data feed from Kraken).An upside correction towards the $8,220 and $8,280 levels could face a solid selling interest.Bitcoin price is consolidating losses with corrective moves against the US Dollar. However, BTC remains sell on rallies if it climbs towards $8,220 and $8,280.Bitcoin Price AnalysisAfter a nasty decline, bitcoin Bitcoin PriceLooking at the chart, bitcoin price ...
Crypto Market Could Dive To $200B, Bitcoin Turns Red: BCH, XLM, EOS, TRX Analysis

Crypto Market Could Dive To $200B, Bitcoin Turns Red: BCH, XLM, EOS, TRX Analysis

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Please share if you find this article interesting. Crypto Market Could Dive To $200B, Bitcoin Turns Red: BCH, XLM, EOS, TRX Analysis The total crypto market cap is currently in a bearish zone below the $220.0B resistance.Bitcoin price is trading above the $8,000 support and remains at a risk of more losses.BCH price is now consolidating losses below the $250 resistance area.EOS price is declining and approaching the $3.050 and $3.000 support levels.Stellar (XLM) price is down more than 2% and it is now below the $0.0650 support.Tron (TRX) price is down close to 4% and it is trading near the $0.0165 support.Bitcoin (BTC) and the crypto market cap are currently in a heavy downtrend. Crypto Market CapLooking at the total cryptocurrency market cap 4-hours chart, there are many bearis...
Ripple (XRP) Price Facing Significant Resistance, Time To Sell?

Ripple (XRP) Price Facing Significant Resistance, Time To Sell?

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Please share if you find this article interesting. Ripple (XRP) Price Facing Significant Resistance, Time To Sell? Ripple price is currently struggling to surpass the $0.2560 and $0.2600 levels against the US dollar.The price is likely to decline unless there is a clear break above the $0.2600 resistance.This week’s major bearish trend line is active with resistance near $0.2575 on the hourly chart of the XRP/USD pair (data source from Kraken).A clear break below the $0.2500 support might start another decrease in the near term.Ripple price is facing a lot of key hurdles against the US Dollar and Ripple PriceLooking at the chart, ripple price is clearly facing a lot of hurdles on the upside near $0.2560 and $0.2600. As long as there is no close above $0.2600, the bears remain in
Ethereum (ETH) Medium Term Trend Turns Negative, Bears Eye $160

Ethereum (ETH) Medium Term Trend Turns Negative, Bears Eye $160

PRICE ANALYSIS
Please share if you find this article interesting. Ethereum (ETH) Medium Term Trend Turns Negative, Bears Eye $160 Ethereum is currently consolidating losses above the $172 support against the US Dollar.Bitcoin price is also consolidating above the key $8,000 support area.There is a new connecting bearish trend line forming with resistance near $176 on the hourly chart of ETH/USD (data feed via Kraken).The price is likely to continue lower as long as it is below the $180 resistance.Ethereum price is showing signs of bearish continuation versus the US Dollar, similar to Ethereum PriceLooking at the chart, Ethereum price is showing a lot of bearish signs below the $178 and $180 resistance levels. Therefore, there remains a risk of more downsides below the $172 support area. Only a ...
Bitcoin (BTC) Price Primed For Breakdown Below $8K

Bitcoin (BTC) Price Primed For Breakdown Below $8K

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Please share if you find this article interesting. Bitcoin (BTC) Price Primed For Breakdown Below $8K Bitcoin price is extending its decline below the $8,250 resistance area against the US Dollar.The price is likely to decline below the $8,000 and $7,800 support levels in the near term.There is a major bearish trend line forming with resistance near $8,150 on the hourly chart of the BTC/USD pair (data feed from Kraken).There are many bearish signs on the chart, suggesting a drop below $8,000.Bitcoin price is facing an uphill task near $8,200 and $8,400 against the US Dollar. Therefore, BTC is likely to decline further below the $8,000 support area.Bitcoin Price AnalysisThis week, there were further losses in bitcoin below the $8,200 support area against the US Dollar. BTC extende...
Bitcoin And Crypto Market Remain at Risk: BCH, Litecoin, EOS, XLM Analysis

Bitcoin And Crypto Market Remain at Risk: BCH, Litecoin, EOS, XLM Analysis

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Please share if you find this article interesting. Bitcoin And Crypto Market Remain at Risk: BCH, Litecoin, EOS, XLM Analysis The total crypto market cap remains at a risk of a drop towards the $200.0B support.Bitcoin price is currently correcting higher, but there are many resistances near $8,250.Litecoin (LTC) price is currently consolidating above the $55.00 support area.Bitcoin cash price is now trading in a bearish zone below the $250 level.EOS price is under a lot of pressure and it is approaching the $3.050 support area.Stellar (XLM) price is now closing in towards the $0.0650 support area.Bitcoin (BTC) and the crypto market cap are now in a downtrend. Crypto Market CapLooking at the total cryptocurrency market cap 4-hours chart, there is a strong downward move below the $...
Ripple (XRP) Price Trading Near Crucial Juncture, Can Bulls Make It?

Ripple (XRP) Price Trading Near Crucial Juncture, Can Bulls Make It?

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Please share if you find this article interesting. Ripple (XRP) Price Trading Near Crucial Juncture, Can Bulls Make It? Ripple price is currently correcting higher and is trading above $0.2520 against the US dollar.The price seems to be approaching a major resistance area near the $0.2600 level.This week’s crucial bearish trend line is intact with resistance near $0.2600 on the hourly chart of the XRP/USD pair (data source from Kraken).Ripple PriceLooking at the chart, ripple price is nicely correcting above the $0.2520 resistance. Having said that, the bulls are clearly facing an uphill task near the $0.2580 and $0.2600 resistance levels. If they fail to gain momentum above $0.2600, the price could resume its decline.Technical IndicatorsHourly MACD – The MACD for XRP/USD is now
Ethereum (ETH) Correcting Higher But Bears Remain In Control

Ethereum (ETH) Correcting Higher But Bears Remain In Control

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Please share if you find this article interesting. Ethereum (ETH) Correcting Higher But Bears Remain In Control Ethereum is currently correcting higher from the $172 support against the US Dollar.Ethereum PriceLooking at the chart, Ethereum price is attempting an upside correction above the $175 level. Having said that, the bears are still in control as long as the price is trading below $178 and $180. On the downside, they might be looking for a break below the $170 zone.ETH Technical IndicatorsHourly MACD – The MACD for ETH/USD is currently gaining momentum in the bullish zone.Hourly RSI – The RSI for ETH/USD is currently moving higher and is above the 50 level.Major Support Level – $172Major Resistance Level – $180 Go to Source Author: Aayush Jindal Found this article
Bitcoin Medium Term Outlook: Here Is Why BTC Could Test $6.5K

Bitcoin Medium Term Outlook: Here Is Why BTC Could Test $6.5K

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Please share if you find this article interesting. Bitcoin Medium Term Outlook: Here Is Why BTC Could Test $6.5K Bitcoin price is currently in a downtrend below the $9,100 pivot level against the US Dollar.The price is trading well below the $8,500 support and the 100-day simple moving average.There is a crucial bearish trend line forming with resistance near $8,880 on the daily chart of the BTC/USD pair (data feed from Kraken).If the current trend remains intact, the price could test $7,400 or even $6,500.Bitcoin price is following a significant downtrend on the daily timeframe against the US Dollar. If BTC fails to stay above $7,400, it could hit the $6,500 support area.Bitcoin Price Analysis (Daily Chart)At the end of the October 2019, bitcoin started a sharp increase from the...