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Posts published in “Analysis”

Is a Gradual Decline to $3,500 in Play For Bitcoin?

Bitcoin so far has been able to find support above the so-called bottom area below $6,000. But it is not enough to beat the long-term bearish bias, according to a famous cryptocurrency analyst. Crypto Thoreau, in one of its latest tweets, predicted that Bitcoin price is in for a drop towards $3,500. The analyst backed his...

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Bitcoin Price Watch: BTC/USD Remains Vulnerable Below $6,450

Key Points Bitcoin price extended losses and declined below the $6,450 support level against the US Dollar. Yesterday’s highlighted key bullish trend line was broken with support at $6,435 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price declined below the $6,400 support and the 100 hourly simple moving average....

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Cardano Price Analysis: ADA/USD Could Extend Slides To $0.0720

Key Highlights ADA price failed to gain momentum above $0.0800 and declined recently against the US Dollar (tethered). There is a key bearish trend line formed with resistance at $0.0790 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to extend the current decline towards the $0.0735 or...

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Ripple Price Analysis: XRP/USD Could Correct Lower To $0.4350

Key Highlights Ripple price failed to stay above the $0.4600 support and declined recently against the US dollar. There was a break below an ascending triangle pattern with support at $0.4630 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently under pressure and it seems like it could...

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Ethereum Price Analysis: ETH/USD Bearish Below 100 SMA and $206

Key Highlights ETH price declined further and traded below the $205 and $200 support levels against the US Dollar. There was a break below a major bullish trend line with support at $204 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently struggling below the $206 resistance and the 100...

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Bitcoin Cash Price Analysis: BCH/USD Turned Sell on Rallies Near $440

Key Points Bitcoin cash price declined further and traded close to the $420 support level against the US Dollar. There is a new bearish trend line in place with resistance near $435 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to face a lot of selling interest...

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Bitcoin Price Watch: BTC/USD Buyers Losing Grip Below $6,500?

Key Points Bitcoin price is still struggling to clear the key $6,520 resistance zone against the US Dollar. There is an important bullish trend line in place with support at $6,430 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently at a risk of a bearish reaction towards...

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Ethereum Classic Price Analysis: ETC/USD Rising Steadily Towards $10.80

Key Highlights Ethereum classic price is slowly recovering from the $8.90 swing low against the US dollar. This week’s followed important ascending channel formed is active with support at $9.40 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair may continue to rise towards the $10.20 and $10.80 resistance levels....

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Bitcoin Cash Price Analysis: BCH/USD Holding Key Support Near $440

Key Points Bitcoin cash price traded lower recently and tested the $440 support against the US Dollar. There was a break above a short-term declining channel with resistance at $441 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is struggling to gain momentum above the $450 and $455 resistance...

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Ripple Price Analysis: XRP/USD At Major Crossroads Above $0.4600

Key Highlights Ripple price is consolidating above the $0.4600 support level against the US dollar. There is an ascending triangle pattern formed with resistance at $0.4740 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair needs to clear the triangle resistance at $0.4740-50 for a bullish break towards $0.5000. Ripple...

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