Bitcoin, Ripple, Ethereum, Stellar, EOS, Litecoin, Cardano, Monero, TRON, DASH: Price Analysis, Nov. 16

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. Bitcoin saw its third worst drop of 2018 on Nov. 14, as it broke down to new year-to-date lows. In doing so, it broke through the critical support of $5,900, which had held throughout the year. Prior to the breakdown, Bitcoin had entered a…

Price Holding Losses, Eyes Recovery as Dollar Slides

Twitter Facebook LinkedIn The bitcoin price on Friday plunged 0.85 percent against the US dollar, now trading at 5528-fiat. Bitcoin Price Seeks to Claw Back Lost Ground The digital currency has had a shocking week so far, with its value losing almost $1,200 within just five days. Not only bitcoin, but the entire cryptocurrency market also had to “bear” losses worth billions of dollars as a civil crypto war brewed inside the Bitcoin Cash community. It has already led to the split of Bitcoin Cash blockchain. Now, the market expects a…

Bitcoin Price Pattern Suggests a Bounce May Be Coming

If past events are a guide, bitcoin (BTC) could in for a recovery rally in the short-term. Following Wednesday’s 10 percent slump, the leading cryptocurrency printed an intraday low of $5,188 on Thursday, before closing largely unchanged on the day (as per UTC) at $5,580. The price swing formed what’s termed a “long-tailed doji” candle on the daily chart, which is usually taken to represent indecision in the marketplace. The fact that the candle appeared at the bottom of the recent sell-off indicates the indecision is predominantly among the sellers and…

Bitcoin Price Watch: BTC/USD Could Rebound Towards $5,900

Key Points Bitcoin price extended declines below $5,330 and traded towards $5,200 against the US Dollar. There is a major bearish trend line in place with resistance at $5,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely positioning for an upward move above the $5,600 and $5,700 levels. Bitcoin price extended losses towards $5,200 against the US Dollar. BTC/USD is currently rebounding and it could correct higher towards $5,900. Bitcoin Price Analysis Yesterday, we discussed the chances of more declines below $5,400…

Cardano Price Analysis: ADA/USD Could Resume Losses Below $0.062

Key Highlights ADA price fell sharply and traded below the $0.0700 and $0.065 supports against the US Dollar (tethered). There is a key bearish trend line formed with resistance at $0.0640 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to decline once again if sellers push the price below the $0.0620 support. Cardano price tumbled recently against the US Dollar and Bitcoin. ADA/USD is currently recovering, but upsides are capped near $0.0640 and $0.0675. Cardano Price Analysis In the last analysis, we…

Ripple Price Analysis: XRP/USD Facing Uphill Task Near 100 SMA

Key Highlights Ripple price recovered nicely and moved above the $0.4500 and $0.4600 resistances against the US dollar. Yesterday’s highlighted key bearish trend line with resistance at $0.4660 was breached on the hourly chart of the XRP/USD pair (data source from Kraken). The pair will most likely face a strong selling interest near the $0.4860 and $0.4900 resistances. Ripple price managed to correct higher against the US Dollar and Bitcoin. However, XRP/USD is likely to struggle near $0.4900 and the 100 hourly SMA. Ripple Price Analysis Yesterday, we saw a…

Ethereum Price Analysis: ETH/USD Remains Sell On Rallies Near $186

Key Highlights ETH price found support near the $165 level and later recovered slightly against the US Dollar. There was a break above a short term bearish trend line with resistance at $173 on the hourly chart of ETH/USD (data feed via Kraken). The pair could trade above $180, but it could face a strong resistance near the $186 level. Ethereum price is currently consolidating against the US Dollar and bitcoin. ETH/USD is likely to face a strong resistance near the $186 and $190 levels. Ethereum Price Analysis Yesterday, we…

Bitcoin Cash Price Analysis: BCH/USD Accelerating Declines Below $400

Key Points Bitcoin cash price extended losses and traded below the $400 level against the US Dollar. There are two key bearish trend lines in place with resistance at $420 and $450 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair remains at a risk of more losses below the $360 level in the near term. Bitcoin cash price traded below the key $400 support against the US Dollar. BCH/USD could correct higher, but sellers are likely to appear near $420 or $450. Bitcoin Cash…

Bitcoin Price Analysis: Yearly Support Breaks as Bitcoin Tests …

After months and months of consolidation, the yearly support finally broke and now bitcoin has found itself in the lower $5000s for the first time since 2017: Figure 1: BTC-USD, Daily Candles, Broken Support Bitcoin managed to drop a staggering 16% yesterday as the market sliced through the long held support like a knife through butter. The high volume and wide candle spread does not bode well for the bulls as we are currently witnessing an excess of supply in the market. We have blown through two levels of support…

Bitcoin Price Decline Will be a Short-Term Event

Twitter Facebook LinkedIn For the first time in three months, Bitcoin initiated its first major move. Unfortunately, for investors in the crypto market, BTC plunged by more than 11 percent, engaging in one of the most intense sell-offs in a 24-hour period in all of 2018. Bitcoin Price Tumbles BTC/USD | Coinbase On CNBC Fast Money, BKCM founder and CEO Brian Kelly stated that the recent drop of BTC and the rest of the crypto market could be mainly attributed to the civil war of Bitcoin Cash (BCH), wherein two…