Ethereum Price Analysis: ETH Stays Bullish Despite Constantinople Fork Delay

ETH price trimmed most its recent gains and declined below the $121 support area against the US Dollar. There was a break below a connecting bullish trend line with support at $120 on the hourly chart of ETH/USD (data feed via Kraken). The pair still remains supported on the downside above the $113 and $114 levels. Ethereum price declined against the US Dollar and bitcoin after the Constantinople hard fork was postponed. However, ETH/USD could bounce back as long as it is above $113. Ethereum Price Analysis Yesterday, we saw…

Bitcoin Price Weekly Analysis: BTC’s Bullish and Bearish Scenarios Analyzed

Bitcoin price declined recently and traded below the $3,725 support against the US Dollar. There is a short term breakout pattern forming with resistance near $3,650 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair may soon make the next move either above $3,650 or below $3,550 in the near term. Bitcoin price faced an increased selling pressure below $3,700 against the US Dollar. BTC/USD is aligned for the next break either bullish above $3,650 or bearish below $3,550. Bitcoin Price Analysis This past week,…

Bullish Correction Possible if Price Holds Above $3,550

Bitcoin Price — Quick Take: The bitcoin price dropped more than 8 percent on a 24-hour adjusted timeframe. The cryptocurrency is attempting a pullback from a historically strong support area above $3,550. Further breakdown action could lead to a double bottom scenario. The bitcoin price on Thursday plunged more than 8 percent across the Asian and European trading session, according to aggregated market data at CoinMarketCap.com. The BTC/USD pair is trading at $3,635 on Coinbase at press time, up 2.7 percent from its session low at $3,556. It formed an…

Bitcoin Price Slips Below $3.8K as Bullish Bets Tank

Bitcoin is losing altitude as an unwinding of bullish bets is creating downward pressure on prices. As of writing, BTC is changing hands at $3,780 on Bitstamp – down 5 percent on a 24-hour basis – having found offers above $4,000 at 06:00 UTC. Notably, the price drop is accompanied by a decline in the bullish bets. For instance, the BTC/USD long positions on the Bitfinex exchange fell to an eight-day low of 31,237 earlier today and are currently down 8 percent at 31,255 – the biggest single-day drop since Dec.…

Bitcoin Price Watch: BTC Likely Preparing For Bullish Ride

Bitcoin price is placed nicely above the $3,965 and $3,980 support levels against the US Dollar. There is a short term triangle forming with resistance at $4,045 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may continue to move higher towards $4,250 if there is a clear break above $4,080. Bitcoin price is gaining bullish momentum above $4,000 against the US Dollar. BTC remains supported on dips and it may soon climb above the $4,150 and $4,200 resistances. Bitcoin Price Analysis Yesterday, we discussed…

Bullish Sentiment for Bitcoin Is at a 5-Month High

The ratio of long-to-short positions placed on bitcoin (BTC) has reached its highest level in over five months on cryptocurrency exchange Bitfinex. At press time, the BTC long positions placed on the exchange total 33,750 units, worth $137.3 million at current market prices, whereas the number of short positions is roughly 11,000 units less at just 22,787 – now worth just under $93 million. This creates the long-to-short ratio of nearly 1.5:1 – its highest since August 6th of last year. Bitcoin longs and shorts (Bitfinex) The drop in short…

XRP Bullish as Ripple Company make Strides

Ripple Price ranging within Dec 28 high low We expect breakouts above 40 cents to be strong Ripple company progress is solid At spot rates, Ripple (XRP) is ranging against the USD and up 0.4 percent at the time of press. These gains are modest, but as long as XRP is above 30 cents, price rallies towards 80 cents are on the cards. Ripple Price Analysis Overview In the last day, XRP is up 0.4 percent and moving horizontally inside a 6 cents range. Because of Sep 2018 upsides and…

Bitcoin Price Analysis: BTC Bullish Above $3,700, Overstock Path Paving

Latest Bitcoin News Aside from Bakkt, the never-ending wait for US SEC to comment or even approve Bitcoin ETF, the crypto and Bitcoin sphere is bereft of market-moving news. True, there are essential updates from time to time and what dominates right now is Overstock plans of “paying” their commercial activity taxes (CAT) using Bitcoin in the US State of Ohio. In a statement, the founder of Overstock, Patrick M. Byrne said: “The Company is proud to partner with forward-thinking governments and officials like Ohio and Treasurer Mandel to help…

Bitcoin Price Analysis: BTC Stall at $4,000, Arthur Hayes Bullish

Latest Bitcoin News At spot prices, Bitcoin may be facing resistance with some investors taking this reprieve to shed off their crypto holding after a year of steep declines. However, in the midst of this recovery, Mike Novogratz, the investor behind Galaxy Digital Holdings—a fund that ultimately plans to become a crypto friendly bank, is looking at the upsides. Arguing that blockchain is there for the long haul and early adopters are still a couple of times over and outperforming the S&P 500 and other indices, he is now plowing…

Ethereum Price Analysis: ETH’s Bullish Extension Above $150

Key Highlights ETH price climbed higher sharply and broke the $150 resistance area against the US Dollar. There is a short term bullish flag pattern formed with support at $150 on the hourly chart of ETH/USD (data feed via Kraken). The pair is gaining momentum and it may extend gains above the $155 level in the near term. Ethereum price is trading nicely against the US Dollar and bitcoin. ETH/USD is placed nicely above the $144 support and it may continue to move higher. Ethereum Price Analysis Yesterday, we discussed…