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Yaz Sheikh



Articles by Yaz Sheikh

Bitcoin Price Analysis: BTC Correction Is Not Over Yet, $30K Before $40K?

1 day ago

Another volatile weekend: the Bitcoin price is down by 7% over the past 24 hours after losing critical support at $36,000. Only three days ago, the cryptocurrency pushed over $40K but failed to close above the benchmark level.After failing at $40K, BTC started losing altitude on Friday as it broke beneath a short term rising price channel. It then dropped into support at $34,800 (short term .5 Fib Retracement) and rebounded sharply, but couldn’t overcome resistance at $38K ($37,940, bearish .618 Fib Retracement) as of yesterday.Looking at the following 4-hour, after it provided support on two different occasions, the MA-50 line got broken down and, moreover, tested earlier today, this time to confirm the line as support-turned-resistance (around $36K).As of writing these lines, Bitcoin

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ETH Soars Towards $1300: Only 11% Away From ATH (Ethereum Price Analysis)

2 days ago

ETH/USD – Bulls Return To Bearish .886 Fib Resistance.Key Support Levels: $1,200, $1,165, $1,100.Key Resistance Levels: $1,300, $1,350, $1,392.Ethereum saw a whipsaw-like action in trading this week after starting above $1,300 and dropping into the $1,050 support (.382 Fib Retracement). From there, it rebounded on Wednesday as it pushed higher but became stuck at a short term falling trend line.ETH then headed lower but found support at $1,165 (.236 Fib Retracement). It rebounded from this support today to break above the short term falling trend line and reach as high as $1,295. It has since dropped slightly and is trading at the resistance of around $1,275, provided by a bearish .886 Fib Retracement. This resistance stalled the market in the first week of January 2020.ETH/USD Daily

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Polkadot Price Analysis: DOT Skyrockets 30% In 24 Hours, Is $20 Next?

2 days ago

DOT/USD – DOT Sets New ATH At $18.15.Key Support Levels: $17.30, $16, $15.35.Key Resistance Levels: $18.15, $18.65, $19.55.Today, DOT surged by 30.5% to set a new ATH price at $18.15. The cryptocurrency is now up by a total of 88% this week after bouncing from support at $8 on Wednesday. From there, it continued higher until it hit resistance at $15.10 (1.618 Fib Extension) on Thursday.It stalled at this resistance yesterday, but today’s 30.5% price surge allowed it to break beyond $15.10 as it surged higher to break resistance at $16.45 and reach a new ATH at $18.15. It has since pulled back to trade around $17.80.DOT/USD Daily Chart. Source: TradingViewDOT-USD Short Term Price PredictionLooking ahead, if the bulls break the ATh at $18.15, the first level of resistance lies at $18.65

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Crypto Price Analysis & Overview January 15th: Bitcoin, Ethereum, Ripple, Polkadot, and Cardano

3 days ago

This week has been particularly volatile. Bitcoin went on a massive correction, jumped back to $40K, and dropped again just a few hours ago. The majority of the altcoins followed. Polkadot (DOT), however, went on an impressive rally as can be seen in the below ROI chart for the coins we’ve selected this week.BitcoinBitcoin is down by a concerning 13.8% over the past week as it currently trades beneath $36,000. The downturn for Bitcoin started on Monday when it dropped by a steep 25% to reach as low as $30,100. It quickly rebounded from there to establish support at $32,500 (.382 Fib Retracement).On Wednesday, Bitcoin rebounded from the $32,500 support and started to push higher. It managed to reach as high as $40,000 yesterday but could not close a daily candle above the resistance at a

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LINK Skyrockets 30% To Break ATH Above $20: Chainlink Price Analysis

3 days ago

LINK/USD – LINK Sets Fresh ATH Above $20.77Key Support Levels: $20.77, $20, $19.17.Key Resistance Levels: $21.57, $22.82, $24, $24.70.At the start of January, LINK started to surge higher but became stuck by resistance at $19.17 (bearish .886 Fib Retracement). From there, it started to head lower until support was found at $13 a couple of days ago.LINK bounced from the support at $13.06 on Wednesday and started to push higher. It closed the daily candle yesterday at around $18 and continued higher beyond the $19.17 resistance today.After $19.17, LINK went on to break the previous ATH price at $20.77 and continued upward to set a new ATH at $22.82 (1.414 Fib Extension). It has since dropped slightly to trade around $21.15.LINK/USD Daily Chart. Source: TradingViewLINK-USD Short Term Price

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Bitcoin Reclaims $40K: New ATH Soon or Deeper Correction Incoming? (BTC Price Analysis)

4 days ago

The bulls are back in town with a solid 15% daily price surge, as BTC reclaims the $40K price area. Only two days ago, after reaching $42K ATH, the primary cryptocurrency dropped by a steep 30% to find support upon the $30K level.The correction was even quicker than the drop as BTC had gained $5,000 only yesterday and closed the daily candle at $37,415 (Bitstamp). Today, Bitcoin’s price continued even higher, recording $40,122 as the daily high as of writing these lines.Bitcoin has initiated a new ascending price channel on the following 4-hour chart as it trades around the upper border. Additionally, it has met resistance at a bearish .786 Fib Retracement around $39,720, together with $40 K’s psychological level. Following the 2-day $10,000 rally, it will be interesting to see whether BTC

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Polkadot Price Analysis: DOT Surges 40% to a New ATH, Becoming the 5th Largest Cryptocurrency

4 days ago

DOT/USD – DOT Setting Fresh ATH Above $11.Key Support Levels: $12, $11.60, $11.Key Resistance Levels: $13, $13.37, $14.08.DOT started to surge higher toward the end of 2020 when it bounced from support at $4.50 (100-days EMA) to reach $9.65 by the end of the year. In 2021, it struggled to break resistance around $10.20 for the first week of January and eventually rolled over earlier this week to drop into the $8.00 support.From there, the cryptocurrency rebounded yesterday as it broke above $10 to meet the resistance at $10.95 (1.272 Fib Extension). Today, the price hike continued as DOT surged past $12 to reach $12.72.DOT/USD Daily Chart. Source: TradingViewDOT-USD Short Term Price PredictionLooking ahead, if the buyers break $13, the first level of resistance lies at $13.37 (1.272 Fib

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Ethereum Price Analysis: ETH Stable Above $1050 Support, Big Move Incoming?

5 days ago

ETH/USD – Bulls Holding Strong Above .382 Fib SupportKey Support Levels: $1047, $1000, $952.Key Resistance Levels: $1100, $1165, $1200.Last week, Ethereum was climbing higher as it surged into the $1350 resistance (1.272 Fib Extension). More specifically, it struggled to close a daily candle above resistance at $1276 (bearish .886 Fib Retracement) and started to roll over from here at the weekend.On Monday, the sudden Bitcoin price plummet caused ETH to spike as low as $930. Luckily, the bulls had regrouped by the end of the day to close that daily candle at around $1090. From there, ETH has dropped slightly lower into support at $1047 (.382 Fib Retracement) and has held here for the past two days.ETH/USD Daily Chart. Source: TradingViewETH-USD Short Term Price PredictionLooking ahead, if

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Stellar Price Analysis: After 50% Weekly ROI, XLM Facing Important Resistance at $0.3

5 days ago

XLM/USD – Bulls Defend Support at $0.27Key Support Levels: $0.27, $0.257, $0.224.Key Resistance Levels: $0.3, $0.325, $0.35.XLM seems to be holding strong at the $0.27 support over the past three days after it surged as high as $0.45 last week. The cryptocurrency could not break a daily candle above $0.35 and started to head lower from there. Nevertheless, it’s up about 50% since the open seven days ago and it’s now facing an important resistance.During the BTC intra-day price drop on Monday, XLM fell as low as $0.2 but quickly recovered to close the daily candle above $0.27. It has since pushed higher toward $0.286 but is trading beneath a short term falling trend line, which will need to be penetrated to head higher.XLM/USD Daily Chart. Source: TradingViewXLM-USD Short Term Price

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Bitcoin Price Analysis: Was $30K The Correction’s Bottom Or More Blood Incoming?

6 days ago

Bitcoin dropped by almost $11,000 over the past 48 hours as it fell by 25% to reach yesterday’s low at $30,300. After the huge drop, which can also be seen as another Black Monday, the bulls found support at a rising trend line that extends back to the December lows.Since this support was reached at the closing time for yesterday’s candle, Bitcoin had already recovered over 15% from its low, allowing it to close Monday at $35,455.Today, BTC tried to push higher but faced strong resistance around $36,460 – provided by the 50-MA, as marked on the following 4-hour chart. At the time of this writing, Bitcoin is trading around $35K.BTC Price Support and Resistance Levels to WatchKey Support Levels: $34,800, $34,000 $32,500, $32,000, $30,300, $30,000.Key Resistance Levels: $36,460, $37,150,

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Ripple Price Analysis: XRP Plunges 18% As Crypto Markets Correct, Support Nearby?

7 days ago

XRP/USD – XRP Drops From 200-Days EMAKey Support Levels: $0.263, $0.25, $0.23.Key Resistance Levels: $0.3, $0.32, $0.35.Last week, XRP bounced higher from $0.25 to reach the resistance at the 200-days EMA. It traded sideways along with the 200-days EMA for the past five days but the 15% price drop in Bitcoin today caused XRP to drop by 18% as it slides from the 200-days EMA at $0.32 to reach the current $0.273 level.XRP had spiked further lower earlier in the day but managed to find support at $0.23, provided by the .786 Fib Retracement.XRP/USD Daily Chart. Source: TradingViewXRP-USD Short Term Price PredictionLooking ahead, if the bears push lower, the first level of support lies at $0.263 (.618 Fib). This is followed by $0.25, $0.23 (.786 Fib), and $0.22 (Nov 2020 lows). Added support is

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Bitcoin Crashing 28% To $30K: Can The Bloodbath Stop Here? (BTC Price Analysis)

7 days ago

The price of Bitcoin took a tumble today after dropping by almost 25% in the past 24-hours alone, and almost 30% from the ATH that was set last Friday at $42K.Over the past 14 hours, Bitcoin dropped by a total of $7,400 after following a breakdown of the marked descending triangle (4-hour chart), which has been predicted in our yesterday’s analysis. Bitcoin dropped severely to $30,700 as the current low, according to Bitsamp.Typically, this type of pullback is necessary after the parabolic bullish move. There was no significant correction (of over 25%) since Bitcoin broke the 2017 all-time high a month ago.The question now is whether the bulls found a strong-enough support level at the mid-term ascending trend line at $30,700. This trend line extended back to the December lows and allowed

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Bitcoin Price Analysis: Following $2500 Correction, Will BTC Retest $34K Before a New ATH?

8 days ago

After setting the current all-time high level at $42,000, according to Bitstamp, Bitcoin price saw a retracement to the $38K – $39K area followed by a quick recovery back above $40K over the weekend.However, despite reaching $41K earlier today, Bitcoin had plunged to a current low of $38,555 (Bitstamp) before recovering slightly to where it is trading right now – $39,500.Looking at the bigger picture and as shown on the following 4-hour chart, Bitcoin had broken below the rising channel and is currently forming a bearish triangle.We saw such triangle formation right before breaking above $32K. but Can Bitcoin repeat the same pattern now – at $42K – and break upside, or is Bitcoin set for a deeper correction toward $34K?The breakout direction of this descending triangle will determine where

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Ethereum Touched $1350 But Quickly Plunged 8%: Another Dip Or Massive Correction Inbound? (ETH Price Analysis)

8 days ago

ETH/USD – Ethereum Continues To Set Multi-Year HighsKey Support Levels: $1275, $1200, $1165.Key Resistance Levels: $1350, $1390, $1425.This past week, Etheruem surged higher from $800 to reach the resistance at $1275 on Friday, provided by a bearish .886 Fib Retracement. It stalled here for a couple of days as it traded along with the support of $1165 (.236 Fib Retracement).Today, Ethereum managed to push above the resistance at $1275 to climb higher towards $1350 (current daily high and current 3-year high), provided by a 1.272 Fibonacci Extension level.It has since dropped sharply more than $100, along with Bitcoin’s correcting below $39K. As of writing these words, ETH was able to find support by a mid-term ascending trend-line (as marked on the 4-hour’s chart) and recovered half of the

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Crypto Price Analysis & Overview January 8th: Bitcoin, Ethereum, Ripple, Stellar Lumens & Chainlink

10 days ago

BitcoinAfter a substantial 44% price surge this week, Bitcoin continued to set new ATH prices today at $42,000. The cryptocurrency started the year off underneath the $30,000 level after a strong performance in December 2020.From there, it broke $30,000 last Saturday as it continued to push higher. On Monday, there was a brief spike lower toward $28,000, but this was quickly bought up as traders closed that daily candle above $32,000.Throughout the rest of the week, BTC continued to set new ATHs each day until reaching the resistance today at $42,000. More specifically, the resistance lies at $41,835 – provided by a 1.414 Fib Extension level.Looking ahead, if the bulls continue above $42,000, resistance lies at $43,445 (1.272 Fib Extension – yellow), $45,000, $45,340 (1.618 Fib Extension –

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Ripple Price Analysis: XRP Explodes by 50% As Bulls Attempt Recovery

11 days ago

XRP/USD – Bulls Initiate Rebound From November LowsKey Support Levels: $0.3, $0.281, $0.262.Key Resistance Levels: $0.358, $0.38, $0.4.After the disastrous trading action in December, in which XRP fell by over 70%, the coin managed to hold above the November 2020 lows at $0.22 for the first week of January. Yesterday, XRP started to push higher above this support to reach $0.25.Today, XRP exploded from $0.25 as it surged past $0.3. It continued to break above the Feb 2020 highs at $0.35 until resistance was met at $0.358 – provided by a bearish .382 Fib Retracement.XRP/USD 4-HR Chart. Source: TradingViewXRP-USD Short Term Price PredictionLooking ahead, the first level of resistance lies at $0.358 (bearish .382 Fib). This is followed by $0.38, $0.4, and $0.417 (bearish .5 Fib). Additional

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Bitcoin Price Analysis: Bitcoin Sets ATH Above $38K, But Some Worrying Signs Pop On The Weekly Chart

11 days ago

Bitcoin saw another 7% price increase today, sending the primary cryptocurrency to a fresh ATH above $38K. One can barely believe the fact that only three days ago, on Monday, Bitcoin recorded a daily low below $28K. And now, as of writing these lines, it gained roughly $10K. The latter was the value of Bitcoin before the current parabolic run that started in the middle of October 2020.On the smaller timeframe, last Monday, BTC had rebounded retesting the critical support at $30,000 – $30,400  and has since established a short term rising price channel, as seen on the following 4-hour chart.Yesterday it met resistance at $37,150 (1.618 Fib Extension) and closed the daily candle around this level. However, over the past hours of trading, BTC pushed beyond this resistance to climb by nearly

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Ethereum Price Analysis: ETH Spikes To 3-Year High, Only 20% From ATH

12 days ago

ETH/USD – Ethereum Breaks $1000 and Surges As High As $1,161.Key Support Levels: $1100, $1042, $975.Key Resistance Levels: $1140, $1161, $1200.Ethereum continued to push higher today as it broke past yesterday’s closing price at $1100 to reach as high as $1170. It has since dropped slightly as it battles with the resistance near $1140 – provided by a long term bearish .786 Fib Retracement level.The coin has been making higher highs over the past month and has surged by a total of 55.5% in the past 7-days alone. On the way up, it penetrated above long term resistance at $975 (1.272 Fib Extension), $1000, and $1042 (1.414 Fib Extension) to reach the current $1140 level. It’s a 3-year high for ETH as well.It is now just underneath 20% of its previous ATH at $1425 and could reach this level

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Stellar Price Analysis: XLM Goes Parabolic With 100% Daily Surge, What’s The Next Target?

12 days ago

XLM/USD – Epic 100% Surge Shocks Market As XLM Hits 31-Month HighKey Support Levels: $0.3, $0.289, $0.257.Key Resistance Levels: $0.373, $0.4, $0.418.XLM was pretty quiet during December. The coin was trading beneath a falling trend line for the entire month as it dropped into the $0.12 region. XLM would rebound from $0.12 at the start of 2021 and eventually break the falling trend line to reach $0.2 yesterday.Today, XLM continued higher from $0.2 and exploded by over 100% to reach as high as $0.4 – taking the bulls in the market by surprise and pushing it to a new 31-month high. It has since dropped slightly from this high as is now trading near $0.32.XLM/USD Daily Chart. Source: TradingViewXLM-USD Short Term Price PredictionLooking ahead, if the buyers push higher again, the first level

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Bitcoin Skyrockets $2000 Surpassing $34K: New ATH Soon? (BTC Price Analysis)

13 days ago

Bitcoin witnessed a solid 8% price spike today, including a $2000 rally over the past few hours alone. While today’s low lies below $30K, the current high reached $34,300 (according to Bitstamp). Incredible.As can be seen on the 1-hour chart below, once Bitcoin breached the marked descending trend-line, the missile had launched. One 4-hour greenish candle spiked BTC from $32K straight to $34.3.The total crypto market cap surpassed $900 billion, the market is closing down on $1 trillion for the first time. While Bitcoin is on the rise, the altcoins are losing their value against the primary cryptocurrency, as the Bitcoin dominance is increasing, just like most the past week.BTC Price Support and Resistance Levels to WatchKey Support Levels: $33,000. $32,100 (breakout zone), $31,345,

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Chainlink Price Analysis: LINK Eyes $15 Following a 30% Weekly Surge

13 days ago

LINK/USD – LINK Finally Breaks December ResistanceKey Support Levels: $14.30, $13.50, $13.Key Resistance Levels: $15, $15.66, $16.73.LINK pretty much traded sideways throughout December. Our previous LINK analysis stated that it must break either $14.30 or $11.50 to dictate the next direction. Although it briefly penetrated below $11.50 toward the end of December, it never closed a daily candle beneath $11.In January 2021, LINK started to push higher from $11 as it increased by a total of 33% to reach $14.65 today. In doing so, the coin finally broke beyond the December resistance and is now poised to move higher – providing it can clear $15.66.LINK/USD Daily Chart. Source: TradingViewLINK-USD Short Term Price PredictionLooking ahead, the first level of resistance lies at $15. This is

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Bitcoin Price Analysis: Following The Massive BTC Sell-Off, Is The Correction Over?

14 days ago

Bitcoin price saw a day of major volatility after topping out at $34,800 yesterday. From there, the primary cryptocurrency started the week by dropping a sharp 16% to reach as low as $27,800 on Bitstamp in a much-needed retracement following an enormous rally.As shown on the daily chart below, Bitcoin reached the lower line of the ascending channel.In our yesterday’s analysis, we mentioned some bearish divergence on the 4-hour timeframe, which seems to have played out today. This retracement filled the CME Futures gap that was left open at $29K. Gaps tend to get filled; however, despite this current gap, there are two more gaps in the range: $24K and $18K, as can be seen on the CME chart below:Nevertheless, following the huge drop, Bitcoin price has recovered, reaching a local high at

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Ethereum Price Analysis: ETH Bulls Facing a Test Above $1K After a Massively Volatile Day

14 days ago

ETH/USD – Ethereum Breaks $1000 and Surges As High As $1,161.Key Support Levels: $975, $915, $855.Key Resistance Levels: $1042, $1100, $1140.Ethereum has surged 40% since the start of 2021, allowing the cryptocurrency to break above $1000 for the first time since Jan 2018. Yesterday, ETH pushed upward from $760 and closed the daily candle at $975 (long term 1.272 Fib Extension).Today, ETH continued to reach as high as $1161, where it met resistance at a 1.272 Fib Extension level. Unfortunately, the sharp drop in BTC caused ETH to head lower into the .382 Fib Retracement support at $855.The bulls have regrouped since hitting $855 and have rebounded to trade back above $1000 at the time of writing. More specifically, on the 4HR chart, ETH never closed a 4HR candle beneath $975, where it

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Ripple Price Analysis: While Crypto Explodes, XRP Stuck at $0.22 Amid the SEC Saga

14 days ago

XRP/USD – Bulls Defending $0.22 Support So Far In JanuaryKey Support Levels: $0.22, $0.2, $0.171.Key Resistance Levels: $0.25, $0.285, $0.3..After a disastrous end to 2020, in which XRP tanked by a severe 75%, following the SEC lawsuit, the coin attempts to establish a strong support base at $0.22 (November 2020 lows). So far, it has closed each daily candle above this level in January.The cryptocurrency did spike beneath $0.2 on three occasions this month, but the bulls regrouped to bring XRP above $0.22 by the end of each day.XRP/USD Daily Chart. Source: TradingViewXRP-USD Short Term Price PredictionLooking ahead, if the buyers continue to drive higher, the first level of resistance lies at $0.25. This is followed by $0.285 (bearish .236 Fib), $0.3, and $0.325 (200-days EMA).On the other

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Bitcoin Price Analysis: BTC Retraces From $35K, Cool-off Before Another ATH or Correction Inbound?

15 days ago

The BTC ongoing bull run is still intact as the primary cryptocurrency records an unbelievable 75% price explosion over the past month alone.During the past 24 hours, the Bitcoin price saw another 6% increase and is currently trading around $33,500. Like the past days, Bitcoin recorded another fresh all-time at $34,810 (Coinbase price).As mentioned here yesterday, BTC went extremely parabolic after breaking above the upper boundary of a 3-week long ascending price channel.Despite the excitement, the ATH was followed by a quick retracement, as BTC wasn’t able to close the 4-hour candle above resistance at $34,615 – provided by a short term 1.414 Fib Extension level.As a result, Bitcoin corrected sharply to $32,700 (Bitstamp), dropping precisely into support at $32,680 (short term .236 Fib

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Ethereum Price Analysis: Following Today’s Explosion, Can ETH Conquer $1K Soon?

15 days ago

ETH/USD – Ethereum Bulls Break $900 and Set Fresh 34-Month HighKey Support Levels: $875, $850, $800.Key Resistance Levels: $933, $950, $1000.Etheruem saw an impressive 19% price surge today, causing the coin to break above $800 and $900 in a short 7-hour period. It was struggling to break resistance at $750 (bearish .886 Fib) for most of the week but eventually penetrated above it yesterday.The cryptocurrency continued above $900 until it met resistance at a long term .618 Fibonacci Retracement level at $915. ETH is now up by a total of 41% over the past week, allowing the coin to set a new 34-month high today.ETH/USD Weekly Chart. Source: TradingViewETH/USD Daily Chart. Source: TradingViewETH-USD Short Term Price PredictionLooking ahead, the first level of resistance lies at $933

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Bitcoin Price Analysis: Can BTC Continue The Enormous Run, Or Correction Imminent?

16 days ago

The Bitcoin price surged by over $3300 today, which is a new record, as of writing these lines. The solid 13% daily rise had brought BTC beyond $30,000 to reach a new ATH at $33,333 (according to Bitstamp).Over the past week, Bitcoin managed to increase by a robust 32%, which also marked a new ATH for Bitcoin’s market cap – over $600 billion, as well as the total crypto market cap, which recorded currently hovers around $856 billion, with Bitcoin dominating 71% of it.A quick recap of the past month: Bitcoin managed to break beyond the 3-year ATH level of $20,000 on December 16th, just two weeks ago, and has continued to create fresh ATHs ever since. $27,900 – $28,000 provided some resistance for the past few days, but this was finally broken as Bitcoin surged above $33K in the first two

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Crypto Price Analysis & Overview January 1st: Bitcoin, Ethereum, Ripple, Binance Coin & Polkadot

17 days ago

BitcoinBitcoin set a new ATH today at $29,688 (Coinbase) after seeing a 23% price hike over the past week. The coin penetrated beyond $24,000 last Friday and continued higher over the weekend. On Wednesday, Bitcoin continued to surge beyond $28,000 and continued over the following days to set the new ATH today.With the recent bullish momentum in the market, Bitcoin could beyond the coveted $30,000 over the next week.Looking ahead, the first level of resistance lies at $30,000. This is followed by $30,500 and $31,000. Beyond $31,000 added resistance is found at $31,600, $32,000, and $32,900 (long term 1.618 Fib Extension).On the other side, the first level of support lies at $28,732. This is followed by $28,000, $27,163, $26,000, and $25,000 (.382 Fib).BTC/USD Daily Chart. Source:

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Ripple Price Analysis: Can XRP Bulls Stage a Comeback Following the Bloodbath?

18 days ago

XRP/USD – Bulls Attempting To Recover Above November 2020 LowsKey Support Levels: $0.2, $0.171, $0.14.Key Resistance Levels: $0.254, $0.3, $0.325.A couple of days ago, XRP spiked beneath $0.2 to hit the July 2020 lows at $0.171. By the end of the day, the buyers regrouped to allow the daily candle to close above the November 2020 lows at $0.219.Yesterday, XRP penetrated beneath the November 2020 lows. Its daily candle eventually closed at $0.21. Today, after a brief spike back into $0.2, the buyers are attempting to bring XRP back up.XRP/USD Daily Chart. Source: TradingViewXRP-USD Short Term Price PredictionLooking ahead, if the bulls can close above $0.22, the first level of resistance lies at $0.254. This is followed by $0.3, $0.325 (200-days EMA), and $0.35 (Feb 2020 highs).On the other

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Ethereum Price Analysis: ETH Sideways Consolidation To End With a Wild Move?

19 days ago

ETH/USD – Ethereum Bulls Battling To Head Toward $750Key Support Levels: $720, $700, $675.Key Resistance Levels: $750, $762, $790.Etheruem surged by 15.5% this week, which allowed it to break resistance at $674 (bearish .786 Fib Retracement) to reach the current $735 price.The coin struggled to break $733 (1.414 Fib Extension) over the past 2-days and is continuing to consolidate in the past few days below $750  something that’s likely to end with a wild move. It is essential to wait for a daily candle close above $733 before confirming that it is ready to head toward $750 and beyond.ETH/USD Daily Chart. Source: TradingViewETH-USD Short Term Price PredictionLooking ahead, the first level of resistance lies at $750 (bearish .886 Fib Retracement). This is followed by $762, $790, and $800.

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