Wednesday, January 16Your Daily Bitcoin & Altcoin News Portal

PRICE ANALYSIS

Bitcoin Price Analysis: BTC Exposed, ETF Hopes Dimming?

Bitcoin Price Analysis: BTC Exposed, ETF Hopes Dimming?

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Please share if you find this article interesting. Bitcoin Price Analysis: BTC Exposed, ETF Hopes Dimming? Bitcoin Price slide, potential support at $3,400 or 78.6 percent Fibonacci levelSEC may not approve Bitcoin ETFReaction at $3,700 important for bullsIn the short-term, sellers seem to be in charge and yesterday’s drop below our immediate support at $3,700 may lead to reductions towards $3,400. In the midst of this, we are net bullish because of buy pressures of week ending Dec 23.Bitcoin Price AnalysisEvents of the week ending Dec 23 and consequent follow through reinvigorated bulls. Regardless, the fact that prices reversed from the $4,100-200 resistance zone at the back of high volumes meant sellers are back in contention and the third phase of a classic bear breakout patt
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Ripple Price Analysis: XRP Find Support as Bears Slow Down

Ripple Price Analysis: XRP Find Support as Bears Slow Down

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Please share if you find this article interesting. Ripple Price Analysis: XRP Find Support as Bears Slow Down Ripple price 3 cents from the primary supportExim bank set to adopt the xRapid system by the end of March 2019Transaction volumes low but XRP is technically bullishOver and above everything, Sep 2018 rally guides our medium to long-term price projection. In the short-term, price drops below our support line at 30 cents could see XRP tumble below 25 cents invalidating our bullish stand. Before then, we recommend patience with an upbeat outlook.Ripple Price AnalysisAt current rates, XRP is down 11.6 percent from last week’s close against the USD. Even if sellers appear to be in charge over the short-term, we shall retain a bullish outlook over the long term as laid out in o
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Analyst: Final Capitulation Could See Bitcoin at $1,800 Before Trend Reversal

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Please share if you find this article interesting. Analyst: Final Capitulation Could See Bitcoin at $1,800 Before Trend Reversal Price predictions for Bitcoin have been coming thick and fast recently and some have been more accurate than others. One analyst still predicts a lot more pain for crypto assets and a final capitulation before things start to turn around.Will History Repeat Itself For BitcoinProminent technical analyst Murad Mahmudov, who has predicted correctly on a number of previous occasions, has taken a look at historical corrections and Bitcoin movements. Theorizing that a repeat of the 2014-2015 bear market could be a sign that Bitcoin trading is based on raw emotion, further losses are predicted.Looking at the chart, and possible future movements, we could be at...
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Bitcoin Price Watch: BTC’s Recovery Facing Significant Hurdles

Bitcoin Price Watch: BTC’s Recovery Facing Significant Hurdles

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Please share if you find this article interesting. Bitcoin Price Watch: BTC’s Recovery Facing Significant Hurdles Bitcoin price declined below the $3,550 support and tested the $3,380 level against the US Dollar.There was a break below a major bullish trend line with support at $3,590 on the hourly chart of the BTC/USD pair (data feed from Kraken).The price is currently recovering, but it could face strong resistances near $3,550. $3,580 and $3,640.Bitcoin price extended losses below the $3,600 support against the US Dollar. BTC may recover in the short term, but upsides are likely to be capped by $3,600-3,650.Bitcoin Price AnalysisIn the weekly analysis, we saw a consolidation pattern above the $3,550 support in bitcoin price against the US Dollar. The BTC/USD pair traded in a r
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Crypto Market Update: Bitcoin Cash, Tron (TRX), ADA, IOTA Price Analysis

Crypto Market Update: Bitcoin Cash, Tron (TRX), ADA, IOTA Price Analysis

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Please share if you find this article interesting. Crypto Market Update: Bitcoin Cash, Tron (TRX), ADA, IOTA Price Analysis The total crypto market cap declined heavily and broke the $115.00B support level.Bitcoin cash extended losses and traded below the $130 support level.Tron (TRX) started a downside move and traded below the $0.0250 support level.Cardano (ADA) is moving lower and it may soon test the $0.0400 support zone.IOTA (MIOTA) is down more than 7% and it recently broke the $0.3000 support.The crypto market is under a lot of selling pressure, dragging bitcoin (BTC) and Ethereum below key supports. Moreover, ripple, Litecoin (LTC), Tron (TRX), IOTA and Cardano (ADA) also fell significantly.Bitcoin Cash Price AnalysisBitcoin cash price started a major downside move from w...
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Ripple Price Analysis: XRP At Risk of Additional Losses Below $0.3000

Ripple Price Analysis: XRP At Risk of Additional Losses Below $0.3000

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Please share if you find this article interesting. Ripple Price Analysis: XRP At Risk of Additional Losses Below $0.3000 Ripple price extended losses and broke the $0.3300 and $0.3200 support levels against the US dollar.There is a key connecting bearish trend line with resistance at $0.3275 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair may correct a few points, but it remains at a risk of more losses below $0.3100 and $0.3000.Ripple price declined heavily and broke major supports against the US Dollar and Bitcoin. XRP/USD may even break the $0.3000 support this week if it stays below the $0.3400 level.Ripple Price AnalysisAfter trading in a range for some time below $0.3350, ripple price started a fresh decline against the US Dollar. The XRP/USD pair...
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Ethereum Price Analysis: ETH Remains In Downtrend, Could Test $100

Ethereum Price Analysis: ETH Remains In Downtrend, Could Test $100

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Please share if you find this article interesting. Ethereum Price Analysis: ETH Remains In Downtrend, Could Test $100 Key HighlightsETH price declined further and broke the $121 support area against the US Dollar.There are two bearish trend lines formed with resistance near $121 on the hourly chart of ETH/USD (data feed via Kraken).The pair may correct higher in the short term, but it remains a sell near the $120 and $121 levels.Ethereum price extended losses and declined below key supports against the US Dollar and bitcoin. ETH/USD may continue to move down and it could even test the $100 handle.Ethereum Price AnalysisIn the weekly analysis, we discussed the key $120 and $121 supports for ETH price against the US Dollar. The ETH/USD pair struggled to stay above the $121 support ...
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Bitcoin Price Weekly Analysis: BTC’s Bullish and Bearish Scenarios Analyzed

Bitcoin Price Weekly Analysis: BTC’s Bullish and Bearish Scenarios Analyzed

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Please share if you find this article interesting. Bitcoin Price Weekly Analysis: BTC’s Bullish and Bearish Scenarios Analyzed Bitcoin price declined recently and traded below the $3,725 support against the US Dollar.There is a short term breakout pattern forming with resistance near $3,650 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).The pair may soon make the next move either above $3,650 or below $3,550 in the near term.Bitcoin price faced an increased selling pressure below $3,700 against the US Dollar. BTC/USD is aligned for the next break either bullish above $3,650 or bearish below $3,550.Bitcoin Price AnalysisThis past week, bitcoin price started a major downward move from the $4,037 swing high against the US Dollar. The BTC/USD pair declined heavily a
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Ethereum Price Weekly Analysis: ETH Could Accelerate Losses Below $121

Ethereum Price Weekly Analysis: ETH Could Accelerate Losses Below $121

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Please share if you find this article interesting. Ethereum Price Weekly Analysis: ETH Could Accelerate Losses Below $121 ETH price declined heavily this past week below the $146 and $130 supports against the US Dollar.There is a crucial bearish trend line formed with resistance at $138 on the 4-hours chart of ETH/USD (data feed via Kraken).The pair remains at a risk of more losses if sellers push the price below $121 and $120 in the near term.Ethereum price is trading in a bearish zone versus the US Dollar and Bitcoin. ETH/USD could accelerate losses towards $112 or $108 if there is a break below $121.Ethereum Price AnalysisThis past week, ETH price tumbled below the $146 and $140 support levels against the US Dollar. The ETH/USD pair even traded below the $130 support and the 1...
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Bitcoin Price Analysis: BTC Losses Coincide with China’s New Policies

Bitcoin Price Analysis: BTC Losses Coincide with China’s New Policies

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Please share if you find this article interesting. Bitcoin Price Analysis: BTC Losses Coincide with China’s New Policies Bitcoin Price slow down after sinking 10 percentChina introduces new privacy quashing blockchain rulesTrading volumes steady but bearishEven though today’s losses are low, there is hope for traders as long as Bitcoin prices are oscillating above $3,700. Drops below this minor support line could trigger sells towards $3,220 or lower in the next few days.Bitcoin Price AnalysisAt spot prices, Bitcoin is down 3.8 percent in the past 24 hours but stable in the last hour. The coin is flat and trading within a tight trade range contrary to yesterday’s rapidity.From candlestick arrangement, we expect prices to cool down and even expand towards $4,000 before bears wash