Ethereum (ETH) Recovering Nicely While Bitcoin Runs Into Resistance

Ethereum price is up more than 3% and recovering above $188 against the US Dollar. There was a decent upside correction from the $180 support area. There is a key bullish trend line forming with support near $186 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin is gaining momentum, but it is now trading near a crucial resistance at $9,100 (as discussed in the weekly forecast). Ethereum price is recovering nicely above $188 versus the US Dollar, similar to bitcoin. ETH price might recover further towards $195…

Bitcoin (BTC) Price Weekly Forecast: More Downsides Likely

After consolidating above $9,000, bitcoin declined heavily against the US Dollar. The price is currently trading in a bearish zone, with a close below $9,000 and $8,920. There was a break below a major contracting triangle with support near $9,180 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price is currently showing bearish signs and it could decline further towards $8,560 or $8,300. Bitcoin price is trading in a downtrend below $9,000 against the US Dollar. BTC remains at a risk of more downsides towards…

Bakkt Bitcoin Futures Trading Volume Just Hit Another All-Time High

Bitcoin (BTC) futures daily volumes on digital asset platform Bakkt have hit a new all-time high, with 1,741 futures traded on Nov. 9. Bakkt announced the new record, stating:  “Today we set a new daily record of 1,756 Bakkt Bitcoin Futures contracts traded.” Volume spike coincides with Bitcoin price dip Twitter account dedicated to Bakkt futures trading volume data, Bakkt Volume Bot, also pointed out the development on Nov. 8.  Additionally, the daily volume of 1,741 (about $15.5 million) represents a 109% increase over the 834 contracts traded the day…

Bitcoin Falls 4.3%, Slipping Below $9,000 for First Time in Two Weeks

Bitcoin fell 4.4 percent Friday, slipping below $9,000 for the first time in two weeks. Analysts cited a lack of positive market drivers and speculation that the U.S. Federal Reserve might pause this year’s rate-cutting cycle, which could curb demand for the cryptocurrency as a potential inflation hedge. The price dropped to $8,800 as of 18:57 UTC (1:57 p.m. New York time), according to Trading View. It’s still more than double where bitcoin was at the start of the year, leaving the cryptocurrency as one of the world’s best-performing asset…

Bitcoin Price Breaks Below $9,000, Historic Rally Now In Jeopardy

Two weeks ago, Bitcoin price set a record for its third-largest 24-hour gain in the young asset’s short history, rocketing from $7,400 to $10,500 from low to high. After weeks of consolidation, the crypto asset has run out of steam and has begun to fall, first breaking below support at $9,000 where it is currently trading. Can bulls push Bitcoin price back above support and make a push higher, or will bears regain control and potentially set a new local low? Bitcoin Price Finds Itself In Another Descending Triangle, Breakdown…

Bitcoin (BTC) Price Showing Signs Of Bearish Continuation

Bitcoin price is struggling to rebound and declining below the $9,300 support against the US Dollar. The price is likely to accelerate decline if it breaks the $9,120 support area. There is a major bearish trend line forming with resistance near $9,240 on the hourly chart of the BTC/USD pair (data feed from Kraken). Similarly, there were bearish moves in Ethereum and ripple in the past three sessions. Bitcoin price is showing bearish signs below $9,300 and $9,240 against the US Dollar. BTC price could accelerate losses if it continues…

Bitcoin And Crypto Market Cap Eye Next Break: BCH, XLM, EOS, TRX Analysis

The total crypto market cap is currently consolidating in a range above the $232.0B support area. Bitcoin price is holding the $9,200 support area, but it is also facing hurdles near $9,400. BCH price is currently correcting lower after it failed to break the $300 resistance. EOS price is consolidating near $3.500 and it could correct lower towards $3.400. Stellar (XLM) price is climbing higher once again and it might test the $0.0800 resistance. Tron (TRX) price is facing a strong resistance near the $0.0200 zone. Bitcoin (BTC) and the…

Bitcoin Price Risks Drop Below $9K if Bulls Can’t Muster Rally Soon

View Bitcoin’s repeated failure to produce a strong bounce from key support indicates the bullish sentiment has fizzled somewhat. Failure to hold above a bearish MA on the longer-term chart indicates scope for a deeper drop. BTC risks falling to $8,800 in the short-term and may extend the decline to $8,500. A high-volume triangle breakout on a 4-hour chart would be bullish, although that looks unlikely at press time. Bitcoin is struggling to revive its stalled rally and could soon roll over to deeper support levels below $9,000. The top…

Bitcoin (BTC) Price Positioning For Breakout or Further Decline?

Bitcoin price is declining and it is trading below the key $9,400 resistance against the US Dollar. The price is likely to find a strong buying interest above the $9,200 support area. There is a key contracting triangle pattern forming with resistance near $9,360 on the hourly chart of the BTC/USD pair (data feed from Kraken). A clear break above the $9,360 and $9,400 levels is needed for more upsides in the near term. Bitcoin price is struggling to continue higher against the US Dollar. BTC price remains at a…

Bitcoin Crypto Market Cap Showing Bearish Signs: BCH, BSV, BNB, ADA Analysis

The total crypto market cap is showing a few bearish signs below the $248.0B resistance area. Bitcoin price is struggling to climb above the $9,400 resistance area. BCH price is currently trading near the main $300 resistance zone. BSV price gained recently and it is now trading above the $130 and $135 levels. Binance Coin (BNB) is consolidating below the key $21.00 and $21.20 resistance levels. Cardano (ADA) price might struggle to clear the $0.0450 and $0.0465 resistances. The crypto market cap and bitcoin are showing a few bearish signs.…