Bitcoin (BTC) Price Looks To Reclaim $4,000 After Sharp Sell-off

Bitcoin price traded to a new weekly high above $4,060 and later declined sharply against the US Dollar. The price broke the key $3,960 support level and tested the next main support at $3,875. There is a short-term connecting bearish trend line formed with resistance near $4,015 on the hourly chart of the BTC/USD pair (data feed from Kraken). The recent rebound was positive, but it won’t be easy for buyers to reclaim $4,000 and $4,020. Bitcoin price rebounded sharply after a massive drop below $3,900 against the US Dollar.…

Crypto Market Rebound Facing Hurdles: Bitcoin Cash, EOS, BNB, TRX Price Analysis

The total crypto market cap failed near the $136.0B resistance and declined sharply. EOS price broke the $3.70 support and tested the $3.62 support area. Binance Coin (BNB) is down more than 4% and settled below the $15.00 support level. Bitcoin cash price is correcting lower and it may test the $150 support zone. Tron (TRX) price is stable and still holding the key $0.0220 support level. The crypto market could turned red and facing a lot of hurdles, with bearish moves in bitcoin (BTC) and Ethereum (ETH). Binance coin…

Ripple Price Analysis: XRP Flirts With Key Resistance Amid Sell-off

Ripple price failed once again to break the $0.3200 resistance and declined sharply against the US dollar. The price broke the key $0.3125 and $0.3100 support levels to move into a bearish zone. There is a major bearish trend line formed with resistance at $0.3110 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently correcting higher, but it is facing a solid hurdle near the $0.3100 pivot level. Ripple price declined heavily and turned bearish against the US Dollar and bitcoin. XRP/USD may…

Ethereum Price Analysis: Stop Hunting Pushes ETH Into Bearish Zone

ETH price failed to break the $139 resistance and declined sharply against the US Dollar. The price broke the key $134 support level to enter a bearish zone. A new connecting bearish trend line is formed with resistance at $139 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to struggle near the $135 and $136 levels if it corrects higher in the near term. Ethereum price declined sharply below key supports against the US Dollar and bitcoin. ETH settled below $136 and the 100…

High Ethereum Price Good for Security, Ecosystem Development

Ethereum (ETH) co-founder Vitalik Buterin says that high ether prices are important both for network security and the wider ecosystem’s development. Buterin made his remarks during an interview for Laura Shin’s crypto-focused “Unchained,” hosted at the Columbia Graduate School of Journalism and live-streamed on March 20. In response to Shin’s question as to whether protocol designers and project leaders should be focusing on the question of a cryptocurrency’s price, Buterin referred to the “earlier rhetoric” of the Ethereum project, which had explicitly downplayed the importance of the asset’s value: “In…

Cryptocurrency Price Correlations in Bitcoin, Dollar Flipped in 2018, Binance Finds

Price correlations among major cryptocurrencies increased against the U.S. dollar (USD) but fell in Bitcoin (BTC) terms, a new report from cryptocurrency exchange Binance revealed on March 20. Part of an investigation into price trends within crypto markets since 2017, Binance found that behavior among assets is diverging depending on whether returns are denominated in USD or BTC. Specifically, USD returns from holdings were more correlated among cryptocurrencies within the three months of 2019 ending March 1 than in 2017. BTC returns, by contrast, are less correlated in current conditions…

Bitcoin Price Charts Echo Pattern Seen Before 2015 Bull Market

View Bitcoin’s drop from a record high of $20,000 clocked in December 2017 has ended up creating a falling channel similar to the one created in the 18 months leading up to the long-term bullish reversal seen in October 2015. If the same sequence of events unfolds, BTC could see a channel breakout later this year. An early move out of the falling channel cannot be ruled out, but may not yield stronger rally while the crucial 21-week moving average is trending south. The short-term bullish view put forward by…

Bitcoin (BTC) Price And Time: Trend Overwhelmingly Bullish

Bitcoin price is gaining bullish momentum above the $4,000 resistance area against the US Dollar. The price is trading near monthly highs and it could accelerate above $4,050 and $4,080. There is a key connecting bullish trend line formed with support at $3,985 on the hourly chart of the BTC/USD pair (data feed from Kraken). The current price action indicates a positive uptrend, with chances of gains above $4,100 in the near term. Bitcoin price is trading with a positive bias above $4,000 against the US Dollar. Dips in BTC…

Ripple (XRP) Price Facing Hurdles While Bitcoin, Ethereum Turn North

Ripple price formed a decent support near the $0.3100 level and moved higher against the US dollar. The price broke the $0.3150 resistance, but upsides remain capped near the $0.3200 level. There was a break above a key bearish trend line with resistance at $0.3145 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair faced a strong resistance near $0.3200 and it corrected towards the $0.3150 support. Ripple price failed to hold gains against the US Dollar, but upsides were limited versus bitcoin. XRP/USD is…

Ethereum Price Analysis: ETH Turning Bullish, Targets Fresh Weekly Highs

ETH price gained traction and surpassed the key $138 resistance level against the US Dollar. The price formed a strong support near the $136 level before climbing above $138. This week’s major bearish trend line was breached with resistance near $138 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now trading nicely above the trend line and eyeing more gains above $140 and $142. Ethereum price slowly moved above key resistances against the US Dollar and bitcoin. ETH could continue to move higher towards the…