The cryptocurrency market is experiencing the return of bears. For over two weeks, Bitcoin is holding in extreme danger zones. With the largest cryptocurrency trading under crucial support levels, the traders are mostly cautious regarding the near-term price trend of Bitcoin, seemingly waiting for Bitcoin (BTC) to establish a clear...
Just 9 days ago Bitcoin price dropped to its lowest in 5-month and in a matter of days surged by 40% to reach $10,500 level. Recent Bitcoin price upward swing is largely attributed to China President’s positive remarks on blockchain technology. Currently, on intra-day movements, BTC price is holding well...
Yesterday, the Bitcoin price broke from the apex of the descending triangle pattern dropping to $8160 in Coinbase (near 200 MA) and as the new analysis suggests, retrace to $7500 is a possibility. Key factors contributing to the build-up of negative sentiment and causing massive sell-off were: Underwhelming response to Bakkt launch...
Many expect BTC is currently forming a descending triangle pattern and approaching near the apex of the breakout. Interestingly, around the same time, Bakkt will launch its Daily/Monthly Bitcoin futures contract on 23rd Sept. Today we are told to believe that interest among institutional investors is high for Bitcoin and...
Last week, the Bitcoin price bounced from $9,860$. Currently, the Bitcoin price trend is following the descending triangle pattern and nearing towards the climax of the triangle. A breakout either way will lead to a spike in volume. As of now, the market is indecisive on which direction it will...
Since reaching its peak $4200 in Feb 2019, Bitcoin price continues to push downward. Currently, on the basis of the last 3 months pattern, we see a build-up of an ascending triangle with upper-trendline at $4200. The following analysis lays down probabilities based on chart patterns, extrapolating data and accounting...
ETH Price could go anywhere from here. Trading at 137$, ETH USD pair is facing heavy resistance near 140$. Based on chart patterns, symmetrical triangle seems to have built-up, meaning we are in consolidation phase which will make either of the groups – bull or bear difficult to take over...
ETH Price has reached near its critical stage where anything can happen. Currently trading at 146$, it seems like a symmetrical triangle is forming. If in the following sessions, ETH price breakout from the lower trendline i.e. near 143$ followed by large trading volume (sell orders), the bears will continue...
After several failed attempts to move ETH price above the resistance level around $148-$150, ETH broke out from the lower trendline of the ascending triangle pattern and continues its downfall. Currently, trading at 142$, if selling pressure continues from the current level, we may test the first line of support...
As predicted yesterday in our analysis, bears have taken over the control and pushed down the ETH USD to the first line of defense at $138 where the buyers support emerged. In the following session, the price gained some momentum until reaching 148$ level. Currently trading at 145$, ETH USD...
