Tag Archives: Market Updates

BitcoinThe support around $10,000 did not hold. The price dropped and examined the support levels around $9200. The chart shows a resemblance from when Bitcoin went from $6000 to $3200, but it is unclear whether it will actually repeat the move and if we will see a 50% correction soon. Resistance in this range is at $10100.EthereumAgainst the dollar, the price did not perform well above $ 200 and corrected quite quickly to the $190 range, where short-term support is tested. Please note that...

The Bitcoin price has remained relatively stable in recent days. However, we have seen such periods in the past, and based on its past behavior, we can assume that another move is around the corner.Bitcoin’s stability in recent days has affected altcoins, which have showed signs of waking up as market players have returned to trading in the past week. We saw some major altcoins painted in green.Bitcoin’s mining difficulty is also setting new records.Source: Blockchain.comBitcoin’s dominance...

BitcoinThose who follow cryptocurrency market analysis can see the triangle and the convergence on the chars. The small trading volume also shows the fear index in the market. Resistance in this range is at $10,500, which is around the 50MA. Strong support is found at $10,000. Technically, it appears that we are on the verge of a move if we break above the support and could challenge $12,000. If the price breaks below the support, we might test the other strong support at...

Cryptocurrency news keep coming hot for yet another week of interesting events as the altcoin market is seemingly waking up. However, the market is in no hurry to buy the news and it doesn’t appear that we will see another altcoin season any time soon.The last quarter of 2019 is ahead of us and it seems that we will sum up the year as a successful one for Bitcoin, which has recently stabilized around $10,000, given that no one predicted it earlier this year. Also, Bitcoin’s hash rate...

BitcoinWe saw an attempt to break through the $11,000 resistance but it failed and we came back to test the support at around $10,200. The entire market anticipates the convergence of the triangle and we also account for a possibility to retrace back to $9,200. Data shows that there are more sellers during this period but demand exists and it’s felt in the price. If the price remains above $10,000, this would be a positive sign going forward.EthereumAgainst the USD, we saw the completion of a...