Bitcoin (BTC) Price Watch: Decisive Bullish Break Happening?

Bitcoin Price Key Highlights Bitcoin price is attempting another upside break from its descending triangle visible on the longer-term charts. If this is a decisive break, price could climb by the same height as the triangle, which spans close to $4,000. Technical indicators are giving mixed signals but there are signs of bullish momentum building up. Bitcoin price is making another attempt at a bullish triangle breakout to ultimately confirm that more gains are in the cards. Technical Indicators Signals The 100 SMA is still below the longer-term 200 SMA…

Bitcoin Price Watch: BTC/USD Could Dip and Rip Above $6,520

Key Points Bitcoin price is consolidating below the $6,520 resistance level against the US Dollar. Yesterday’s highlighted key ascending channel is active with support at $6,430 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could decline a few points towards $6,400 or $6,380 before it climbs higher. Bitcoin price is currently trading in a range above $6,400 against the US Dollar. BTC/USD must break $6,520 to accelerate gains in the near term. Bitcoin Price Analysis During the past few sessions, there was hardly any…

Monero (XMR) Price Watch: Retest Completed, Aiming Higher

Monero Price Key Highlights Monero price recently busted through a long-term descending trend line to signal that a reversal is in the works. Price hit resistance on its way up and has since completed a pullback to draw more buying momentum in. A continuation of the climb could take Monero to the Fib extension levels marked in the chart below. Monero looks ready to resume its climb as it completed a retest of the broken resistance and is setting its sights on extension levels. Technical Indicators Signals The 100 SMA…

Bitcoin (BTC) Price Watch: Watch This Triangle for Directional Clues

Bitcoin Price Key Highlights Bitcoin price is still stuck in consolidation, forming higher lows and lower highs inside a symmetrical triangle on the short-term chart. Price is approaching the peak of this formation so a breakout might be due soon, providing longer-term directional clues. Technical indicators are giving mixed signals, although there seems to be some bearish pressure in play. Bitcoin price is consolidating inside a symmetrical triangle on the short-term charts while traders decide which direction to take. Technical Indicators Signals The 100 SMA crossed below the longer-term 200…

Bitcoin Price Watch: BTC/USD Buyers Losing Grip Below $6,520

Key Points Bitcoin price revered yesterday’s gains and traded below the $6,500 support against the US Dollar. There is a short-term ascending channel in place with support at $6,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could dip towards the $6,340 or $6,320 support before moving back higher. Bitcoin price is struggling to gain momentum above $6,500 against the US Dollar. BTC/USD could correct a few points before a fresh upward move. Bitcoin Price Analysis Yesterday, we saw a sharp upward move above…

Ripple (XRP) Price Watch: Uptrend Resumes, Next Targets

Ripple Price Key Highlights Ripple price recently busted through the short-term descending trend line to signal a reversal. Price might still need to make a pullback in order to gather more bullish momentum to sustain the rally. The 61.8% Fib already seems to be holding, though, and technical indicators are reflecting a pickup in buying pressure. Ripple price looks ready to resume its longer-term rally after breaking past a short-term descending trend line. Technical Indicators Signals The 100 SMA is still below the longer-term 200 SMA to signal that the…

Bitcoin (BTC) Price Watch: Triangle Resistance Break and Retest

Bitcoin Price Key Highlights Bitcoin price recently surged past its symmetrical triangle resistance to signal that an uptrend is underway. Price found resistance around $7,800 and appears to be pulling back to the broken triangle top. If this area holds as support, price could aim for the Fibonacci extension levels next. Bitcoin price is in the middle of a pullback from its upside breakout and could set its sights on these targets next. Technical Indicators Signals The moving averages are still oscillating to reflect sideways price action and barely offer…

Bitcoin Price Watch: BTC/USD’s Upside Drift, Reversal And Tether’s Decline

Key Points Bitcoin price rallied above the $6,600 and $6,700 resistances and later reversed gains against the US Dollar. There was a break above a major bearish trend line with resistance at $6,310 on the hourly chart of the BTC/USD pair (data feed from Kraken). Tether (USDT) pairs rallied above the $7,000 and $7,500, but later trimmed most of its gains. Bitcoin price broke the $6,700 resistance, but it failed to hold gains against the US Dollar. BTC/USD is back to $6,400 and it is currently under pressure. Bitcoin Price…

Bitcoin (BTC) Price Watch: Bulls Defend Triangle Bottom Again

Bitcoin Price Key Highlights Bitcoin price tumbled down to the bottom of its long-term triangle but bulls keep buying on dips. Support continues to hold so another test of the resistance at $6,600 could take place. Technical indicators, however, are giving mixed signals on whether support might keep holding or not. Bitcoin price has bounced off the bottom of its triangle once more and is setting its sights on the top. Technical Indicators Signals The 100 SMA is still below the longer-term 200 SMA on the daily time frame to…

Watch out Wall Street, Blockchain is Coming: Fmr. JPMorgan Exec.

Blockchain innovator and former JPMorgan head of commodities Blythe Masters spoke at the London Metal Exchange annual dinner during the LME Week to say that blockchain is coming to commodity markets to introduce heightened confidentiality, reduce paper waste, and improve provenance and productivity. Masters — who became managing director at JPMorgan at the age of 28 before becoming the head of global commodities — is not without her share of controversy in the financial space. She’s widely credited with creating a credit derivative vehicle known as the credit default swap, which…