A senior analyst at RoboForex shares his insights into the future scenarios for Bitcoin, Ethereum, Litecoin, EOS and Bitcoin Cash price movement.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.Cryptocurrencies continue their slight growth and bulls have a lot of difficulties with conquering every level. It would seem that a long-awaited aggressive growth is right around the corner. However, from the technical point of view, there are still risks of another decline and test of the local low to complete ascending pattern in favor of growth. On the other hand, if bears fail to push the market lower, there won’t be any chances for further decline and

A senior analyst at RoboForex shares his insights into the future scenarios for Bitcoin, Ethereum, Litecoin, XRP and Bitcoin Cash price movement.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.Cryptocurrencies are still correcting and volatility is reducing, so we may expect some good movements in the nearest future. As a rule, low volatility is often followed by a high one. At the moment, there are risks of seeing another decline in the entire cryptocurrency market. However, this decline won’t be a continuation of the descending tendency. In many charts, assets are forming rising patterns to confirm further growth, that’s why tests of the lows may only

On Thursday, March 26th, the volatility in the BTC remains high. However, today the prices for the leading cryptocurrency are declining slightly, generally trading at $6645, while yesterday’s peak was $8350.BTC price todayQE in the USA is good for the BTCBitcoin price “will be okay” – Novogratz and PompilianoOn W1, Bitcoin demonstrates a significant pullback after a drastic decline. The market is still declining, and the nearest aim of the main trend is the fractal low of $3121.90 USD. The MACD and Stochastic lines remain descending, confirming further decline.Photo: Roboforex / TradingViewOn D1 of BTCUSD, the correctional growth reached 38.2% Fibo and is trying to reverse the quotations downwards. This might be a short-term inner pullback, after which a leap to 50.0% ($7225.00 USD) might

A senior analyst at RoboForex shares his insights into the future scenarios for Bitcoin, Ethereum, Litecoin, EOS and Bitcoin Cash price movement.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.The cryptocurrency market is actively correcting but the current movement is looking more like a rebound before a new wave to the downside. However, in the chart of several digital assets, there are patterns in favor of growth, for example, the daily chart of Litecoin, where the forming pattern indicates a possible rising movement to break $90, that’s why another decline and test of the lows won’t probably force the price to continue falling. On the contrary, this

These days, the BTC is trying to correct after stressful sales. On Thursday, March 19th, the key cryptocurrency is trading at $5800, growing 11%.By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.Bitcoin price tech analysisBinance will not let the BTC rate fall to zeroMore and more opinions are voiced about the potential of the BTC fallingThe decision of the Fed to decrease the rate supported the BTC but not for longOn W1, the Bitcoin is realizing our monthly expectations of its decline. The global coronavirus problem, as well as total sales on the financial markets, affected the crypto market and its leader, too. A breakout of 76.0% (5700.00 USD) and a decline to the low of 3121.90 USD indicate the potential of a decline to the psychologically important support of 1000.00 USD per coin. On

A senior analyst at RoboForex shares his insights into the future scenarios for Bitcoin, Ethereum, Litecoin, XRP and Bitcoin Cash price movement.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.The currency market failed to get over another collapse. In general, there is a great potential in Bitcoin for a rebound upwards and new growth in anticipation of halving. However, to implement this scenario, bulls must not let the cryptocurrency continue falling.We should note that the “growth” scenario in Bitcoin may be well seen on longer timeframes. As for shorter timeframes, there are risks of further short-term decline, that’s why one shouldn’t expect the

A senior analyst at RoboForex shares his insights into the future scenarios for Bitcoin, Ethereum, Litecoin, XRP and Bitcoin Cash price movement.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.Bears continue pushing prices of assets to the downside as they broke the closest support levels again. In the daily chart of Bitcoin, a good level to rebound upwards from is $7335. However, if bears break this level as well, the instrument may test the closest local low at $6395.Within the given scenario, it’s interesting to watch Ethereum and Litecoin, because they have better chances to rebound upwards. Still, bulls must push prices a bit higher so that they

On Thursday, March 5th, the Bitcoin (BTC) started increasing after the recent fall. The coin is currently trading at $9,081.94.By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD tech analysis: Bitcoin price has started growing.On Binance DEX, the BTC has fallen to 100 USD.Germany has acknowledged the BTC as a financial instrument.On W1, the quotations are testing the support area at 50.0% Fibo in relation to the previous uptrend. Growth to the main resistance area and the level 11500.00 USD is not excluded. However, on the MACD and Stochastic, the dynamics are descending, which indicates the possibility of a decline to the target levels: 76.0% (5700.00 USD) and the low at 3121.90 USD.Photo: Roboforex / TradingViewOn D1, the quotations are returning inside the previous descending

A senior analyst at RoboForex shares his insights into the future scenarios for Bitcoin, Ethereum, Litecoin, XRP and Bitcoin Cash price movement.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.Unfortunately, the crypto market still fails to return to the phase of good growth. The assets are currently testing important support levels, and we can soon see a bounce and the beginning of an upward movement. However, smaller timeframes indicate bearish pressure, and, potentially, we will see another test of local lows.In this situation, the buyers need to hold current support levels and try to escape the descending channels on H4s, then we may speak about a

The leading cryptocurrency is giving up its positions right before our eyes. On Thursday, February 27th, it is trading at $8,520, though just recently it was keeping above $10,000.By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.Bitcoin price is falling: technical analysis.The BTC may grow to $100,000 – Herjavec Group.China postpones the development of its cryptocurrency due to coronavirus.Bitcoin Price Technical AnalysisOn W1 of the BTC, there is a clear descending candlestick, hinting at the beginning of a new declining wave. The idea is supported by the Stochastic and the MACD. If the market manages to return under 50.0% Fibo, the quotations will then decline to 76.0% ($5,700) and then – to the fractal minimum at $3,122.Photo: Roboforex / TradingViewOn D1, the picture of a trend change

A senior analyst at RoboForex shares his insights into the future scenarios for Bitcoin, Ethereum, Litecoin, XRP and Bitcoin Cash price movement.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.The bulls have failed to break the important resistance levels out. Most probably, we should expect a good correction on the crypto market to begin. For example, on the XRP chart, the price will most likely continue falling, executing the reversal Head and Shoulders pattern. Unfortunately, the market has gone executing this pattern, and not all goals have been reached yet.At the same time, on D1 of the Litecoin, there is a bullish 5-0 pattern forming, and if the

On Thursday, February 20th, the Bitcoin price is declining. It is selling for the second day in a row, generally trading at $9588.00.By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.Technical Analysis;The interest to the BTC has grown by 50% since the beginning of the year;The BTC is controlled by Chine – The head of Ripple.Technical Analysis: Bitcoin Price CorrectionOn W1, the impulse of growth has made a pause. The quotations have not reached the target level of $11500.00 but the MACD is still trying to form a Gold Cross. In such a situation, the market should be approached with lots of care: a decline to 76.0% ($5700.00) Fibo is highly probable. This idea is supported by the descending dynamics of the Stochastic.Photo: Roboforex / TradingViewOn D1, the quotations have pushed off the

A senior analyst at RoboForex shares his insights into the future scenarios for Bitcoin, Ethereum, Litecoin, XRP and Bitcoin Cash price movement.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.The buyers of cryptocurrency have yet failed to secure above the local resistance levels. There is a risk of a descending correction if the bulls do not move the market even higher in the nearest future. However, even such a correction will provide conservative levels for long positions. As we can see, with a small decline, the market pushed off and the quotations start growing, which signifies strong bullish pressure. The XRP currently looks very weak. It has

Ethereum price is beating its own records of stability and keeps growing steadily. On Thursday, February 13th, it is generally trading at $268.94.By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.The capitalization of the crypto market has grown to $300 billion.The safety of cryptography generation is important for the future of cryptocurrencies – Buterin.Currently, on W1 there are no signs of a trend reversal. Both the MACD and Stochastic suggest a continuation of the trend. However, if we pay attention to the dynamics of the Ethereum price itself, we may suppose that after an attempt of testing the low at $80.86, the market is developing a new wave of growth inside a long-term correction phase. Based on this idea, we may suppose that upon overcoming the fractal peak at $363.18, the

A senior analyst at RoboForex shares his insights into the future scenarios for Bitcoin, Ethereum, Litecoin, EOS and Bitcoin Cash price movement.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.The market of digital assets keeps growing confidently. Once again, we can see the main coins test the resistance levels, however, the bears have yet failed to provoke any serious decline. That is why the current levels can be easily broken out soon. At the moment, there are no serious reasons for a descending correction. However, if the decline does happen, it will only provide the buyers with conservative levels. The pressure from the bulls remains really strong,

Yesterday, BTC price was back to growing. Today, on Thursday, February 6th, the asset continues its growth mostly around $9,700.By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD tech analysis.Number of BTC transactions has exceeded 500 million.Commission for transfer in BTC worth 460 million USD was less than 1 USD.Bitcoin price is moving higher. As we can see in the weekly chart, Bitcoin is forming a steady rising wave. In this case, the upside target is the resistance level at $11500.00, which may be a serious test for the market. If this level is broken, the instrument may continue growing, but taking into account the descending trend on MACD and Stochastic, the instrument is likely to rebound from the resistance level and start falling towards 76.0% fibo at $5700.00 and the low

A senior analyst at RoboForex shares his insights into the future scenarios for Bitcoin, Ethereum, XRP, Bitcoin Cash and Litecoin price movement.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.Digital assets continue testing their closest resistance levels. Bulls are increasing the pressure and there is a good chance to witness new rising impulses towards the next levels.Unfortunately, the market hasn’t started a descending correction, thus cancelling formation of reversal patterns on charts of many cryptocurrencies. On one hand, such patterns might have provided bulls with more profitable and conservative options for opening long positions. On the other

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.ETH/USD tech analysisButerin: the Ethereum platform is strongThe ETH joined the Japanese crypto indexThe ETH could grow in price on the coronavirus news but alasOn W1, the Ethereum price does not demonstrate any serious changes in market moods yet. The growth that we can see does not show any signs of a reversal and thus is interpreted as a pullback before another decline. The nearest important goal of the decline is the psychologically important level of $100.00, and after it is broken out, the market will have to pass the fractal minimum of $80.86.Further descending is supported by the MACD and Stochastic values. The MACD lines have moved to the negative area, while the Stochastic lines are aimed at the oversold area.Photo: Roboforex /

Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, shares his insights into the future scenarios for Bitcoin price movement as well as possible price swings of major altcoins.Cryptocurrencies keep growing after a small correction but the buyers have yet failed to break out the key resistance levels. That is why another bearish attempt to develop a descending correction is not to be excluded without a renewal of the local minimums, and only after that the prices of the digital assets may start growing. What is more, at the moment of correction, on several cryptocurrencies, reversal patterns might form, which will serve as trustworthy signals for market entry with minimal risks. At the same time, the bullish pressure is so strong that the prices may go on growing from

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD tech analysisBTC miners earned $5 billion in 2019In the Bitcoin network, a $1.1 billion transaction took placeOn W1, the Bitcoin quotations return to the previously broken resistance level of 50.0% Fibo. Such a pullback should be interpreted as short-term, meant just for testing the positions taken from above. In the mid-term, the quotations are growing to the resistance line of long scale at $11500.00.At the same time, the Stochastic and MACD are looking down, which means bearish prevalence. The aims of the decline are as before: 76.0% ($5700.00) Fibo and the fractal minimum of $3121.90.Photo: Roboforex / TradingViewOn D1, the Bitcoin price is declining to the previously broken resistance level of the short-term channel of growth.

Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, shares his insights into the future scenarios for Bitcoin price movement as well as possible price swings of major altcoins.Digital asset prices are still making buyers happy. As we can see, bulls continue putting pressure. Even if assets fail to break their respective resistance levels in the short-term, the correction will provide an opportunity to enter the market at lower prices.Bitcoin chart shows another reversal pattern. If the cryptocurrency falls towards $6875.00, growth potential will remain at $12000.00. Most likely, such movement may be considered as some kind of a pause for bulls before they continue pushing the price upwards.Other assets are also may continue trading upwards but it’s very important to

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD tech analysisThe application for launching the ETF for the BTC called back againCME Group started trading options for the BTCOn W1 of the Bitcoin, there begin ascending dynamics after a breakout of the resistance line of the 6-months descending channel. It is too early to say this impulse can renew the high. First of all, we should consider a move to the long-term resistance line at $11500.00. All said above, the Stochastic and MACD are looking down, which may mean that there is still a potential for a decline. The aims of the decline remain the same: 76.0% ($5700.00) Fibo and the fractal minimum $3121.90.Photo: Roboforex / TradingViewOn D1, BTC/USD has broken the resistance line, both of the mid-term channel and the short-term

Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, shares his insights into the future scenarios for Bitcoin price movement as well as possible price swings of major altcoins.The market may be returning to an uptrend. The Bitcoin demonstrates confident growth, executing a reversal pattern. The aim of the growth may be the area near $12400. Other coins are also trying to rise. The leader here is the Bitcoin SV that has escaped a flat. As a rule, at such moments the price growth to the width of the range, which may not be the limit of future growth. The Ethereum and EOS also look ready to rise after an insignificant correction. The XRP D1 also looks interesting, with the aim of growth at $0.38 as the execution of an ascending pattern.BitcoinOn D1, the quotations are

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.Tech analysis of the BTCThe BTC may grow in price due to the US vs. Iran conflictIn ten years, the profitability of the BTC has been many times higher than that of Gold and S&P 500.On D1, speaking about the long-term moods of the cryptocurrency, there has been a pullback to 50.0% Fibo related to the previous declining wave after a convergence on the MACD. Also, the correctional dynamics have let the market test the resistance area at 50.0% ($8500.00) but even if a breakout had happened, the market would have changed the trend.For now, we can note a downtrend developing inside the previous channel. A decline to the minimum and its test will be a trial for the market. A breakout of the minimum at $6430.00 will let the quotations decline to

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.ETH/USD price technical analysisMost ETH holders keep losingThe ETH hardfork may happen on January 1stOn W1, there is still a declining wave developing to the low of $80.86. The interim and local support area is the psychological level of $100.00. The resistance is at $163.00. The MACD and Stochastic support the idea of declining.On D1 the quotations keep moving inside the channel, which may support the bearish confidence. The aim of the decline is near the psychological support of $100.00. A convergence on the MACD should also be noted, demonstrating the weakening of the descending dynamics and a potential pullback to the resistance line. A breakout of the resistance level near $163.00 may open the way for an uptrend to the fractal level

Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, shares his insights into the future scenarios for Bitcoin price movement as well as possible price swings of major altcoins.On all the assets discussed below, reversal patterns are forming on the smaller timeframes. If the bulls manage to push the quotations above the nearest resistance levels, we can expect the beginning of good growth. For the Bitcoin, it is enough to secure above $7700, which may provoke growth to $10000. Such growth of the leading digital asset may pull the rest of the altcoins after it, as they also look ready for the development of an ascending impulse.BitcoinOn D1, the quotations have pushed off the upper border of the Bollinger Bands indicator which signifies bearish pressure preserve. As

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD tech analysisThe liquidation of PlusToken assets could drop the BTCOnly BTC survives – CNBCOn W1, the Bitcoin dynamics are even inside the current descending channel. The quotations are aiming at the long-term minimum of $3121.90. The resistance is at $8500.00.On the MACD and the Stochastic, there is a Black Cross in the red area of the first one and a Black Cross and an escape from the overbought area on the second one. These signals together signify the stability of the trend.On D1, there is a correctional rise after renewing a minimum. This might be a temporary pullback, after which the market will aim at the target level of 76.0% ($5700.00) Fibo. On the MACD, the convergence keeps forming. This may be the result of the slow-down

Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, shares his insights into the future scenarios for Bitcoin price movement as well as possible price swings of major altcoins.As we see, on D1 of the Bitcoin there is a reversal Wedge pattern forming, promising a reversal and an attempt of growth rather soon. For the bulls, it is important to secure above $7670, which will confirm the development of an uptrend.What is more, similar patterns are forming on the charts of the Ethereum, Litecoin, Bitcoin Cash. Of course, the main part here is played by the leading digital asset that will pull the whole altcoin market after itself. Unfortunately, the XRP chart looks too weak for a reversal to begin there.BitcoinThe quotations of the leading cryptocurrency keep declining.

By Dmitriy Gurkovskiy, author of RoboForex Blog.ETH/USD tech analysisETH outplayed the BTC in the new crypto ratingIstanbul hardfork did not influence the ETH priceOn W1, the situation remains the same: the market is forming a descending impulse to the minimum of $80.86. In a longer perspective, the main goal of the predominant trend should be the psychological minimum $10.0.On the MACD and Stochastic, further decline is also confirmed. However, care should be taken on the market and all options considered. A breakout of the current resistance level near the psychologically important level $200.00 may signal the start of a bullish phase.Photo: Roboforex / TradingViewOn D1, the quotations keep moving inside a stable channel, which may mean a strong position of the sellers. The goal of the

Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, shares his insights into the future scenarios for Bitcoin price movement as well as possible price swings of major altcoins.Judging by the charts of the main crypto instruments, the bears are still at the wheel. However, it should be noticed, that the angle of the decline is becoming less and less steep every day, which means a certain weakening of the trend. The picture on the charts may be hinting that the long but not renewing the minimums downtrend may soon change for a surge of buying and growth of the quotations. The most discussed topics on the crypto market are:The SEC approved of the launch of the Bitcoin investment fund by Stone Ridge.The founders of the crypto pyramid BitClub, who have stolen $722 million