Friday, June 22Your Daily Bitcoin & Altcoin News Portal

PRICE ANALYSIS

Ethereum Price Weekly Analysis: Following a Downward Path, $150 Breached

Ethereum Price Weekly Analysis: Following a Downward Path, $150 Breached

PRICE ANALYSIS
Ethereum price is following a declining path against the US Dollar and Bitcoin as it touched down an important support base at $150. ETH/USD might continue to move down and test $96. Etheruem Price Key Highlights ETH price remained under heavy pressure and tested the $150 support against the US Dollar. A monster bearish trend line with resistance at $205 forming on the 4-hours chart of ETH/USD ultimately sparked the decline below $150. The pair is likely to decline further and test more support zones in the near term. Technical Indicators Reaction There was a major increase in the bearish pressure for ETH price as it failed to hold the $205 support against the US Dollar. The price extended its decline from the $317 swing high and traded towards $175 first, and then reco
HashFlare
Bitcoin Price Weekly Analysis: Dips Below $2000, Huge Support Broken

Bitcoin Price Weekly Analysis: Dips Below $2000, Huge Support Broken

PRICE ANALYSIS
Bitcoin price crashed below the monster support area $2000 recently against the US Dollar, and now BTC/USD is struggling to hold above $1900. Bitcoin Price Key Highlights Bitcoin price fell sharply during the past few days and broke the $2400-2350 support against the US Dollar. There was a break below a major contracting triangle with support at $2420 on the 4-hours chart of BTC/USD which ignited massive downside below $2000. The price is currently trading near $1900, and struggling to hold it. Technical Indicators Signals This past week was mostly bearish for Bitcoin price, as it moved below the $2400 support area against the US Dollar. In the last weekly analysis, I highlighted a monster breakout pattern with support at $2400-20 on the 4-hours chart of BTC/USD. It see
HashFlare
Bitcoin Price Technical Analysis: Heading Towards $2K Range

Bitcoin Price Technical Analysis: Heading Towards $2K Range

PRICE ANALYSIS
This week the price of bitcoin has been descending downwards following a bearish trendline and is currently hovering just around the US$2000 range. Bitcoin Price Key Highlights The price started its downtrend on July 10 after staying around the $2550 territory for a few days, but subsequently started dropping to a low of $2225 on July 14. At press time the price of BTC is struggling to stay above $2K, and current technical indicators are showing the bear run may not be over. Technical Indicators Signals Technical indicators show that traders have allowed bears to reign over the market and the ball is in their court now. At press time the long term 200 Simple Moving Average (SMA) is well above the 100 SMA, pointing to continued market losses. The Relative Strength In
HashFlare
Ethereum’s Value is Down Nearly 25% in Less Than 2 Weeks

Ethereum’s Value is Down Nearly 25% in Less Than 2 Weeks

PRICE ANALYSIS
Ethereum continued its month-long decline, losing another 7.25 percentage points in the last 24 hours, according to coinmarketcap.com. While today’s loss was reflective of the cryptocurrency market as a whole, it was slightly worse than bitcoin’s, which lost 5.71 points. All cryptos lost ground today with few exceptions. The largest player to escape the trend was FirstBlood, the 36th largest crypto in market capitalization, posting an 8.55-point gain. Ethereum’s price has lost nearly 50 percent of its value in the last two weeks, falling from $282.31 on July 4 to $189.86 on July 14. Its losses have been bigger than bitcoin’s, which has extended its dominance of the total bitcoin market largely at Ethereum’s expense. Ethereum Market Cap Shrinks On June 19, when Ethereum had a $3
HashFlare
Ethereum Classic Price Technical Analysis: Upswing is Facing a Barrier

Ethereum Classic Price Technical Analysis: Upswing is Facing a Barrier

PRICE ANALYSIS
Ethereum classic price corrected a few points versus the US Dollar and Bitcoin, and ETC/USD is currently facing a tough barrier near $18.00. Key Highlights Ethereum classic price after trading a few points below the $20 handle against the US Dollar found sellers. There is a major support area forming above $16.50 on the hourly chart of ETC/USD (Data feed via Kraken). The price is likely to remain above the $16.00-16.50 levels and might continue to move higher.   Ethereum Classic Price Support During the past two days, there was a lot of action in ETC price as it moved above $19.00 against the US Dollar. The price traded as high as $19.81 where it faced sellers and started a correction lower. The price moved below the 23.6% Fib retracement level of the last wave fr
HashFlare
Ethereum Price Technical Analysis: Recovery is Losing Steam

Ethereum Price Technical Analysis: Recovery is Losing Steam

PRICE ANALYSIS
Ethereum price is struggling again against the US Dollar and Bitcoin, and ETH/USD is just holding a major support area near $194-192. Key Highlights ETH price struggled to close above the $220 resistance against the US Dollar and moved down. There is a new contracting triangle pattern forming with support at $194.00 on the hourly chart of ETH/USD (data feed via SimpleFX). The price is currently below the $200 level and the 100 hourly simple moving average.   Ethereum Price Resistance Yesterday, there was a decent recovery in ETH price above $210 against the US Dollar. The price traded higher and tested the $223-225 resistance zone where sellers appeared. As a result, the price failed to gain pace above $223, and a short-term high was formed at $223.73. The price s
HashFlare
Bitcoin Price Technical Analysis: Hovering Near an Exhausted Support Line

Bitcoin Price Technical Analysis: Hovering Near an Exhausted Support Line

PRICE ANALYSIS
Bitcoin price is hovering at the bottom of its descending triangle and could be due for a downside break. Bitcoin Price Key Highlights Bitcoin price has formed lower highs and found support around $2320, creating a descending triangle pattern visible on its 4-hour chart. Price is currently testing the triangle support, still deciding whether to make a bounce or a break. Technical indicators are signaling that further losses are in the cards.   Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA so the path of least resistance is to the downside. In other words, a breakdown is more likely to happen than a break to the upside. Also, the 100 SMA lines up with the triangle resistance so a bounce up to that level could still see its gains l...
HashFlare
How News, Black Money and Bots Affect Bitcoin and Altcoin Prices

How News, Black Money and Bots Affect Bitcoin and Altcoin Prices

PRICE ANALYSIS
The Bitcoin and altcoin market keeps exhibiting a high level of volatility, suggesting easy manipulation by a minute segment of participants as the case may be. This automatically signifies tangible room for growth as the ecosystem strides towards stability. Bitcoin has experienced its highest season of volatility since the turn of the year 2017. This can be attributed to the frequency of events surrounding the technology. News Impacts the Price Directions News from different sources have direct or indirect impacts on Bitcoin and the cryptocurrency ecosystem as a whole. Such news comes from governments, regulatory agencies, players within the crypto and financial ecosystem. The particular news or the source of which is most often not necessarily as important as the level of effect it
HashFlare
Dash Price Technical Analysis: Attempting to Go Through Major $180 Level

Dash Price Technical Analysis: Attempting to Go Through Major $180 Level

PRICE ANALYSIS
Dash price recovered well after losses against the US Dollar and Bitcoin, and now DASH/USD is testing a major resistance area at $180. Main Highlights Dash price after a monster decline towards $150 versus the US Dollar found support and started a recovery. There was a break above a major bearish trend line with resistance at $178 on the hourly chart of DASH/USD (data feed from Poloniex). The price is currently trading just around a crucial resistance area at $180. Dash’s Gains and Barriers  Recently, there was a solid increase in bearish pressure on Dash price and it moved below the $160 level against the US Dollar. The price traded as low as $148.95 where it found bids and started a recovery. The upside move was decent as the price was able to break the $160-165 resis
HashFlare
Ethereum Price Technical Analysis: Crosses One Bar, Now Facing Another

Ethereum Price Technical Analysis: Crosses One Bar, Now Facing Another

PRICE ANALYSIS
Ethereum price maintained a bit tone against the US Dollar and Bitcoin, and ETH/USD managed to settle above the $208 resistance area. Main Highlights ETH price gained momentum from the $185 support against the US Dollar and moved higher. This week’s highlighted two bearish trend lines with resistances as $188 and $205 on the hourly chart of ETH/USD (data feed via SimpleFX) were cleared. The next major hurdle for ETH buyers is around the $226 level, which is a short-term pivot.   Ethereum Recovery Attempt and Support There was a decent recovery started from the $168 low in ETH price against the US Dollar. Later, a support base was formed near $185 and the price started a substantial recovery. Buyers were able to take the price back above the $200 handle. Another im