Bitcoin Price Weekly Analysis: BTC’s Short Term Rebound Likely

Key Points Bitcoin price traded to a new yearly low at $3,126 and later corrected a few points against the US Dollar. There was a break above a key bearish trend line with resistance at $3,220 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair may perhaps correct higher in the short term towards the $3,320 or $3,380 resistance. Bitcoin price is forming a short term base near $3,120 against the US Dollar. BTC/USD is likely to test the $3,380-3,400 resistance zone before declining once…

Ethereum Price Weekly Analysis: Upsides in ETH Remains Capped Near $98

Key Highlights ETH price declined recently and traded towards the $80-81 support area against the US Dollar. There was a break above a major bearish trend line with resistance at $84 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair may continue to move higher, but it could face sellers near the $98 and $100 levels. Ethereum price failed to gain bullish momentum versus the US Dollar and Bitcoin. ETH/USD remains a sell near the $98-100 resistance area in the near term. Ethereum Price Analysis This past…

Bitcoin, Ripple, Ethereum, Stellar, EOS, Bitcoin Cash, Litecoin, Bitcoin SV, TRON, Cardano: Price Analysis, Dec. 14

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. A lot of crypto investors have lost a staggering amount of money this year. The total market capitalization of all cryptocurrencies is threatening to break down of the $100 billion mark. Unlike the traditional assets, there is no set standard to arrive at a…

Ripple Price Analysis: Break Below $0.2900 Could Speed Up XRP Losses

Key Highlights Ripple price seems to be struggling to clear the $0.3100 resistance area against the US dollar. There is a key bearish trend line formed with resistance at $0.3025 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could decline heavily if there is a break below the $0.2900 and $0.2880 supports. Ripple price is under pressure against the US Dollar and Bitcoin. XRP/USD failed to move past $0.3100 and now it could decline further towards $0.2650. Ripple Price Analysis There was a decent…

Ethereum Price Analysis: ETH Could Extend Losses Below $80

Key Highlights ETH price failed to recover above the $90 resistance and declined recently against the US Dollar. There is a new connecting bearish trend line formed with resistance at $89 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to decline further below the $83 and $80 support levels in the near term. Ethereum price declined further below key supports against the US Dollar and bitcoin. ETH/USD could accelerate losses if there is a break below $80. Ethereum Price Analysis Recently, there was a…

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

Key Points The total crypto market cap broke the key resistance level near $105.00B. EOS price is up around 3%, but it is still trading below the $2.00 resistance. Bitcoin cash price is currently consolidating just below the $100 resistance area. Tron (TRX) remained confined in a tight range above the $0.0130 support. Cardano (ADA) price moved back above $0.0300 and gained close to 3% recently. The total crypto market cap moved higher recently above a key resistance. Bitcoin, Ethereum and altcoins like EOS, Tron (TRX) and Cardano (ADA) may…

Ripple Price Analysis: Risk of Bounce Grows In XRP Above $0.3100

Key Highlights Ripple price traded higher recently above the $0.3060 resistance against the US dollar. This week’s important bearish trend line was breached with resistance at $0.2980 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to climb higher above the $0.3090 and $0.3100 resistances in the near term. Ripple price is showing a few positive signs against the US Dollar and Bitcoin. XRP/USD could dip slightly before an upward move towards the $0.3100 and $0.3150 levels. Ripple Price Analysis After forming a…

Ethereum Price Analysis: ETH at Potentially Significant Turning Point

Key Highlights ETH price remained in a bearish zone and it is currently trading below $90 against the US Dollar. This week’s followed important bearish trend line is active with resistance at $90 on the hourly chart of ETH/USD (data feed via Kraken). The pair may decline in the short term towards the $85 level or the $82 support zone. Ethereum price failed to extend gains and declined against the US Dollar and bitcoin. ETH/USD might continue to face sellers near the $90 and $92 resistances. Ethereum Price Analysis There…

Bitcoin, Ripple, Ethereum, Stellar, EOS, Bitcoin Cash, Bitcoin SV, Litecoin, TRON, Cardano: Price Analysis, Dec. 12

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. When markets were rising, the novice traders believed they can never go down, and one must only have the courage and patience to HODL. However, after this year’s nerve-racking correction, most of those same traders now believe that the cryptocurrencies are going to…

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

Key Points The total crypto market cap extended declines and tested the $102.00B level. Litecoin (LTC) price is struggling below the $30 resistance, with a bearish angle. Bitcoin cash price is currently consolidating near the $100 level. Tron (TRX) is currently flat near the $0.0132 level, with range moves. Cardano (ADA) price declined below the $0.0300 support level. Bitcoin cash traded above $100 and it is currently consolidating. Litecoin (LTC), Tron (TRX) and Cardano (ADA) remain in a bearish zone, with chances of more losses. Bitcoin Cash Price Analysis Bitcoin…