Bitcoin jumped to a fresh 2-week high above $11,150 but got rejected once again and is down below $11,000.Meanwhile, the value of the 400 UNI tokens airdropped to anyone who used Uniswap before September 1st reached almost $3,500.Bitcoin Paints A New 2-Week HighAs reported by CryptoPotato yesterday, Bitcoin displayed issues when trying to overcome the psychological $11,000 level. In the past 24 hours, the primary cryptocurrency initiated another attempt, which seemed significantly more...
Read More »Crypto Price Analysis & Overview September 18th: Bitcoin, Ethereum, Ripple, Binance Coin, and Polkadot
Bitcoin Bitcoin saw a positive 6% price increase this week as it edges its way toward the $11,000 level. The cryptocurrency was trading within a symmetrical triangle pattern last week after consolidating prior for 10-days. This symmetrical triangle broke over the weekend – providing the first signal that BTC was about to push higher. After breaking above, Bitcoin continued to push beyond resistance at $10,600 as it reached resistance at $11,051 (bearish .5 Fib Retracement)...
Read More »Crypto Price Analysis & Overview September 11th: Bitcoin, Ethereum, Ripple, Cardano, and Chainlink
BitcoinBitcoin moved sideways this week as a consolidation pattern appeared in the form of a symmetrical triangle. This triangle is best seen on the hourly charts and is highlighted by the white boundaries.The cryptocurrency dropped by a steep 15% in September from $12,000 to the current $10,260 level. The $10,000 level provided strong support throughout the week and allowed the bulls to start to edge higher again. However, it is still trapped within the confines of the symmetrical triangle,...
Read More »This Support Level is Critical for XRP, What’s Next? (Ripple Price Analysis)
XRP saw a small 2.5% price increase today as the support at $0.236 continues to hold firm.The coin is trapped between $0.228 and $0.236 for the past 4-days of trading.Against Bitcoin, the 100-days EMA continues to show its strength as the bears fail to close beneath it.XRP/USD – Bulls Vehemently Defend $0.236 Support.Key Support Levels: $0.236, $0.22, $0.216.Key Resistance Levels: $0.244, $0.25, $0.264.After dropping from $0.3 earlier in the month, the bulls managed to defend the support at...
Read More »Crypto Price Analysis & Overview August 28th: Bitcoin, Ethereum, Ripple, Chainlink, and Polkadot
BitcoinBitcoin saw a small 4% price drop this week as it headed into the $11,300 support (downside 1.272 Fib Extension). During the week, the coin broke beneath the August rising trend line. The bulls attempted to recover, but the previous support flipped into resistance and the buyers failed to overcome it.On Tuesday, Bitcoin plummeted by 6% from $11,770 to a low of $11,150 (.382 Fib Retracement). Luckily, the bulls pushed higher to close the daily candle above the $11,300 support (downside...
Read More »Ripple Price Analysis: Huge Move Expected As XRP Reaching Triangle’s Apex
XRP dropped by a total of 7% yesterday as it reached as low as $0.27.The coin has since rebounded together with Bitcoin and the rest of the large caps.Against Bitcoin, XRP is forming a bearish triangle on the 4-hour chart, as it is getting closer to its apex (there is a higher chance of a breakdown than a breakup).XRP/USD – Bulls Battle To Defend 4-HR 200EMA Support.Key Support Levels: $0.27, $0.264, $0.256.Key Resistance Levels: $0.286, $0.3, $0.313.Since reaching the high-day close at...
Read More »Ripple Price Analysis: XRP Latest Consolidation Is Likely To End By a Wild Move
XRP saw a sharp 8% price decrease over this past week as it reached $0.287 today.The coin is currently trading within a descending price channel, while rebounded from the lower boundary on Saturday.Against Bitcoin, XRP is looking to maintain above the 2435 SAT support.XRP/USD – Descending Price ChannelKey Support Levels: $0.28, $0.264, $0.25.Key Resistance Levels: $0.3, $0.313, $0.321.Last week, XRP spiked into resistance at around $0.335 to a fresh 6-month high. This could have been a short...
Read More »XRP and BCH: The Story Behind the 2 Only Top-10 That Are Still 90% Below ATH
The cryptocurrency market valuation has almost doubled year to date. Then why are XRP and BCH, two of the top 10 cryptocurrencies, down by more than 90 percent since hitting ATH, while all other coins are posting high returns?Can it be attributed to diminishing investment interest and community support? Or perhaps, the increasing trust in public and genuinely decentralized blockchains like Bitcoin, Ethereum, etc.XRP, BCH Amongst Top 10 but Still Down Over 90 Percent From ATHDespite being in...
Read More »Crypto Price Analysis & Overview August 21st: Bitcoin, Ethereum, Ripple, Chainlink, and OMG
BitcoinBitcoin continued its sideways movement this week as it remained around the $11,600 level. However, during the week, the cryptocurrency did push higher as it penetrated above the $12,000 resistance to reach the $12,400 level.Unfortunately, it was unable to sustain these highs as it rolled over to fall beneath $12,000 at the start of the week. Bitcoin has since dropped further as it reached the support at $11,650 (.236 Fib Retracement). A rising trend line also bolsters this support.The...
Read More »XRP Dips Below $0.30 Following Bitcoin’s Latest Dive, What’s Next? (Ripple Price Analysis)
XRP fell by a total of 4% today as the coin drops back beneath $0.3 to reach $0.293.At the start of this week, XRP attempted to push higher as it spiked to $0.331.Against Bitcoin, XRP returned to the 200-days EMA at 2470 SAT today.XRP/USD: XRP Breaks Beneath $0.30 Once AgainKey Support Levels: $0.286, $0.264, $0.25.Key Resistance Levels: $0.3, $0.313, $0.321.XRP managed to push above $0.3 on Monday as the coin penetrated a short-term falling price channel. The cryptocurrency reached as high...
Read More »
Crypto EcoBlog
