Bitcoin (BTC) Price Watch: Can It Finally Bounce?

Bitcoin Price Key Highlights Bitcoin price is still inside its symmetrical triangle formation and is currently testing support. A bounce could take it back up to the resistance around $9,000 while a break lower could lead to a test of the next support at $6,500. Technical indicators are showing mixed signals, so the move could mostly depend on market catalysts. Bitcoin price has sold off to the very bottom of its symmetrical triangle formation, still pending a bounce or a break. Technical Indicators Signals The 100 SMA is below the…

Asian Cryptocurrency Trading Roundup: Regional Exchanges Dominate EOS Trade

There has been a slight market rebound today which is expected after three days of heavy losses. Yesterday’s news on US lawmakers investigating price manipulation is a good thing for overall market sentiment. Bitcoin however has failed to rally along with many of the other cryptos indicating that the bears could still be lurking. BTC has not gained anything on the day and is still trading at around $7,600 where it was this time yesterday. The altcoins are generally showing signs of a marginal recovery, one coming back stronger than…

Bitcoin Cash Price Analysis: Can BCH/USD Recover?

Key Points Bitcoin cash price found support near $950 and started an upside move against the US Dollar. This week’s crucial bearish trend line with resistance at $1,040 was breached on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is now trading above the $1,020 resistance and it may correct further in the near term. Bitcoin cash price is recovering nicely from $950 against the US Dollar. BCH/USD could recover further as long as the price is above $1,020. Bitcoin Cash Price Support After a…

DOJ’s Bitcoin Price Manipulation Probe a ‘Good Thing’: Mike Novogratz

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Billionaire investor and former hedge fund manager Mike Novogratz said that he is optimistic that the US Department of Justice’s (DOJ) recently-launched probe into allegations of bitcoin price manipulation will contribute to the long-term health of the cryptocurrency market. Speaking in an interview with Bloomberg, Novogratz — the founder of $250 million cryptocurrency merchant bank Galaxy Digital — said that this increased oversight will help weed out bad actors from the nascent ecosystem. “Weeding out the bad…

IOTA, Tron, EOS, Litecoin and Stellar Price Analysis (May 25, 2018)

Because of today’s Tron Virtual Machine launch, traders should to capitalize on positive vibes around this event and Tron prospects in general. We are already seeing support not only on Tron but in all coins under our focus. As a matter of fact, the former is four percent in the green in the last 24 hours and odds are buyers might build up on yesterday’s gains. I recommend Tron buys with stops at 6.5 cents or there about whenever you initiate long trades. EOS Price Analysis EOS Daily Chart by…

Ripple (XRP) Price-Technical Analysis (May 25, 2018)

For Ripple bears to cease, then we must either see strong fundamental announcement like any of ripple technology being adopted by a central bank or abnormal injection of buying volumes. This is the only way to stop this bearish skew. Otherwise, odds are, sellers might push prices towards 45 cents. As such, it’s but logical to trade with the trend and sell in lower time frames as long as prices remain below 60 cents. From the News When companies like Revolut respond to user demand by increasing their cryptocurrency offerings,…

Bitcoin Price Drops to $7,300 as Crypto Market Correction Continues

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. The bitcoin price has dropped below the $7,300 mark as the valuation of the cryptocurrency market declined by more than $25 billion, from $350 billion to $325 billion over the past 24 hours. Within the past three days, within merely 72 hours, the valuation of the cryptocurrency market sharply dropped from $390 to $333 billion, losing more than $57 billion. At its previously weekly low, the valuation of the cryptocurrency market dipped to $327 billion. Today, on…

Bitcoin Price Watch: BTC/USD Sellers In Control

Key Points Bitcoin price was not able to move back above $8,000 and declined further against the US Dollar. There are two important bearish trend lines in place with resistance at $7,700 and $7,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently moving higher, but it is likely to face a strong selling interest just below $8,000. Bitcoin price nosedived towards $7,500 against the US Dollar. BTC/USD is currently recovering ground towards a few key barriers like $7,800 and $8,000. Bitcoin Price…

Ethereum Classic Price Analysis: ETC/USD Consolidating Near $15

Key Highlights Ethereum classic price declined and traded close to the $14.20 support level against the US dollar. There is a major bearish trend line forming with resistance at $15.80 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is currently correcting higher towards the $15.50 and $15.80 resistance levels. Ethereum classic price moved into a negative zone against the US Dollar and Bitcoin. ETC/USD is correcting higher, but upsides are likely to be capped by $15.80-16.00. Ethereum Classic Price Resistance This week, there were…

Ripple Price Analysis: XRP/USD Facing Tough Challenge

Key Highlights Ripple price declined further and traded below the $0.6000 support level against the US dollar. Yesterday’s highlighted important bearish trend line with current resistance at $0.6300 is intact on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently correcting higher and it may face hurdles near the $0.6200 and 0.6300 levels. Ripple price remained in a bearish zone against the US Dollar and Bitcoin. XRP/USD traded towards $0.5750 before starting an upside correction towards $0.6200. Ripple Price Resistance After a minor upside…