Monday, July 23Your Daily Bitcoin & Altcoin News Portal

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Bitcoin Cash Price Weekly Analysis: BCH/USD Bullish Above $820

Bitcoin Cash Price Weekly Analysis: BCH/USD Bullish Above $820

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Please share if you find this article interesting. Bitcoin Cash Price Weekly Analysis: BCH/USD Bullish Above $820 Key PointsBitcoin cash price corrected lower and tested the $740 support area against the US Dollar.There is a major bullish trend line in place with support at $750 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).The pair must break the $800 and $820 resistance levels to gain bullish momentum in the near term.Bitcoin cash price is placed in a bullish zone above $740 against the US Dollar. BCH/USD must settle above $820 to accelerate gains towards $880 and $900.Bitcoin Cash Price SupportThis past week, there was a decent upside move above the $850 level in bitcoin cash price against the US Dollar. The BCH/USD pair traded towards the $900 level and a h...
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XRP Technical Analysis: Spike in XRP FUDs Signals a Bottoming Market

XRP Technical Analysis: Spike in XRP FUDs Signals a Bottoming Market

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Please share if you find this article interesting. XRP Technical Analysis: Spike in XRP FUDs Signals a Bottoming Market On a weekly basis, XRP lags and is up one percent in the same time frame. This comes at the backdrop of FUDs and talk of SEC anticipated clarification of XRP. Despite all, In any case, XRP is moving within a 10 cent trade range with buy triggers at 55 cents and main support at 45 cents. Because of July 16 and 17 higher highs, we remain bullish despite the low volume accompanying that thrust. As we have mentioned above, should we see sellers driving prices to 45 cents, then my suggestion is to short on pull backs with stops at 50 cents.Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk
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BitMEX CEO: Bitcoin Hasn’t Seen the Worst, $5,000 Imminent Before Big Rally

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Please share if you find this article interesting. BitMEX CEO: Bitcoin Hasn’t Seen the Worst, $5,000 Imminent Before Big Rally On CNBC’s Fast Money, BitMEX CEO Arthur Hayes reaffirmed his stance on the price of bitcoin stabilizing in the $5,000 region before initiating the next rally.Is a 30% Drop Imminent?On July 1, Hayes appeared on CNBC’s Fast Money and discussed the price trend of bitcoin and the extreme volatility in the cryptocurrency amidst the third worst correction in the industry’s history.At the time, Hayes stated that the price of bitcoin will likely bottom in the range of $3,000 to $5,000, but still achieve $50,000 by the end of 2018. He emphasized that a key regulatory change by the US Securities Exchange Commission (SEC) or other leading markets such as Japan and S
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Bitcoin Price Watch: Can BTC/USD Hold This?

Bitcoin Price Watch: Can BTC/USD Hold This?

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Please share if you find this article interesting. Bitcoin Price Watch: Can BTC/USD Hold This? Key PointsBitcoin price is consolidating below a key resistance at $7,555 against the US Dollar.There is a connecting bullish trend line forming with support at $7,390 on the hourly chart of the BTC/USD pair (data feed from Kraken).A break below $7,380 could trigger a major downward correction towards $7,100.Bitcoin price is finding it hard to move past $7,555 and $7,575 against the US Dollar. BTC/USD must stay above $7,380 to avoid a downside reaction.Bitcoin Price AnalysisBitcoin price mostly traded in a range above near the $7,400 level against the US Dollar. The BTC/USD pair seems to be struggling to clear the $7,555 and $7,575 resistance levels. It already tested the 38.2% Fib retr...
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Cardano Price Analysis: ADA/USD Approaching Key Support

Cardano Price Analysis: ADA/USD Approaching Key Support

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Please share if you find this article interesting. Cardano Price Analysis: ADA/USD Approaching Key Support Key HighlightsADA price surged towards the $0.2000 level before starting a downside correction against the US Dollar (tethered).There is a significant bullish trend line formed with support at $0.1700 on the hourly chart of the ADA/USD pair (data feed via Bittrex).The pair is correcting lower, but it remains well supported above the $0.1700 level.Cardano price is placed nicely in a bullish zone against the US Dollar, Ethereum and Bitcoin. ADA/USD remains buy on dips near $0.1700.Cardano Price AnalysisThere were further gains in cardano price above the $0.1800 level against the US Dollar. The ADA/USD pair surged above the $0.1900 level and traded close to the $0.2000 level. A...
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Ripple Price Analysis: XRP/USD Turned Bearish?

Ripple Price Analysis: XRP/USD Turned Bearish?

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Please share if you find this article interesting. Ripple Price Analysis: XRP/USD Turned Bearish? Key HighlightsRipple price broke a major support area near $0.4750 to move into a bearish zone against the US dollar.There is a key bearish trend line in place with resistance at $0.4700 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair must move back above $0.4750 and the 100 hourly simple moving average to recover.Ripple price is under significant pressure against the US Dollar and Bitcoin. XRP/USD is likely to extend declines if it fails to move back above $0.4750.Ripple Price DeclineYesterday, there was a bearish reaction below $0.5000 in Ripple price against the US Dollar. The XRP/USD pair declined and broke the $0.4900 support area. More importantly, th...
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Ethereum Price Analysis: ETH/USD Facing Uphill Task

Ethereum Price Analysis: ETH/USD Facing Uphill Task

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Please share if you find this article interesting. Ethereum Price Analysis: ETH/USD Facing Uphill Task Key HighlightsETH price declined further and broke the $482 and $475 support levels against the US Dollar.There is a major bearish trend line formed with resistance near $475 on the hourly chart of ETH/USD (data feed via Kraken).The pair has to move above the $475 and $480 resistance levels to move into a bullish zone.Ethereum price is under pressure against the US Dollar and Bitcoin. ETH/USD must move above $475 and the 100 hourly SMA to initiate a recovery.Ethereum Price ResistanceThere were further losses noted below $500 in ETH price against the US Dollar. The ETH/USD pair declined and broke the $480 and $475 support levels. It moved into a bearish zone below $475 and the 10...
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Tron (TRX) Price Watch: More Bulls Ready to Join This Retest?

Tron (TRX) Price Watch: More Bulls Ready to Join This Retest?

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Please share if you find this article interesting. Tron (TRX) Price Watch: More Bulls Ready to Join This Retest? Tron Price Key HighlightsTron recently broke past a descending trend line on the 4-hour chart to signal a reversal from the downtrend.Price hit resistance at 0.0435 and is in the middle of a correction from the rally.Using the Fibonacci retracement tool shows the near-term support levels where buyers might be waiting.Tron is in the middle of a pullback from its recent surge higher, and buyers might be waiting at the Fib retracement levels.Technical Indicators SignalsThe 100 SMA is still below the longer-term 200 SMA to signal that the path of least resistance is to the downside. In other words, there’s still a chance for the selloff to resume from here. The 200 SMA app
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Bitcoin Cash Price Analysis: BCH/USD Holding Key Support

Bitcoin Cash Price Analysis: BCH/USD Holding Key Support

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Please share if you find this article interesting. Bitcoin Cash Price Analysis: BCH/USD Holding Key Support Key PointsBitcoin cash price is holding an important support near $800 against the US Dollar.There is a contracting triangle forming with support near $805 on the hourly chart of the BCH/USD pair (data feed from Kraken).The pair has to move above the $830 and $840 resistances to gain traction in the near term.Bitcoin cash price remains supported above $800 against the US Dollar. BCH/USD is about to make the next move either above $830 or below $800.Bitcoin Cash Price ResistanceYesterday, we saw a minor downward correction from the $890 high in bitcoin cash price against the US Dollar. The BCH/USD pair declined below the $850 and $840 support levels, and tested the $800 area...
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Bitcoin (BTC) Price Watch: Is That a Bullish Continuation Signal?

Bitcoin (BTC) Price Watch: Is That a Bullish Continuation Signal?

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Please share if you find this article interesting. Bitcoin (BTC) Price Watch: Is That a Bullish Continuation Signal? Bitcoin Price Key HighlightsBitcoin price recently broke past key resistance levels but is now consolidating around the $7,400 level.This could be seen as a bullish flag pattern, which follows a strong rally and could be seen as a continuation signal.A break past the $7,600 level could be enough to confirm that the bullish run is resuming.Bitcoin price appears to be consolidating inside a bullish flag pattern, which could be indicative of another run higher.Technical Indicators SignalsThe 100 SMA is above the longer-term 200 SMA to indicate that the path of least resistance is to the upside. In other words, the rally is more likely to resume than to reverse. The ma...