Bitcoin Price Could Fall Back Despite Impressive Session Gains: Analyst

The bitcoin price has surged up to 4.85 percent this Tuesday, but there is still a strong case of an imminent pullback. According to Crypto Michaël, an Amsterdam-based cryptocurrency analyst, bitcoin lacked adequate follow-up volume that could sustain the ongoing upside price action. The bearish interpretation followed the textbook volume-price relationship, in which a price move up on a declining trading activity signals a selling sentiment. Michaël said if the bitcoin price hangs near its newly established higher high for far too long, it could result in a pullback scenario,…

Is Ripple (XRP) Fading Due To Competitors As Hyperledger Fabric and IBM?

Ripple (XRP) range bound, 34 cents immediate resistance IBM Hyperledger Fabric and World Wire offer stiff competition All in all, Ripple Inc haven been prosperous in their promotions. Banks in the Middle East, SE Asia, and India are using their solutions. Despite that, Ripple (XRP) prices are stagnant and stuck within a 4 cents range. Ripple Price Analysis Fundamentals It may be seven years down the line and with more than 200 banks leveraging Ripple Inc’s solutions, the blockchain start-up is successful. With Banco Santander, SBI Group, Federal Bank, Western…

Here’s How Shorts Could Push Bitcoin Price Above $6,000

The bitcoin price formed a new 2019 high towards $5,590 this Tuesday and its likelihood of testing $6,000 to the upside has increased. Mr. Anderson, a cryptocurrency analyst, revealed the proximity between the bitcoin price and the BTC shorts behavior in his latest statement. The analyst noted that whenever traders push BTC shorts positions in the overbought area, the probability of a bitcoin price jump increases. The Bitcoin Shorts-Bitcoin Price Relationship Mr. Anderson presented a chart to prove the relationship between the two metrics, as shown below: BTC Shorts vs.…

Bitcoin Price Rages Beyond $5,600 to Hit New 2019-High; New Rally Boom?

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Throughout the past 24 hours, the bitcoin price has recorded an increase of 4.3 percent, surging from around $5,280 to $5,630. In the past month, in less than 30 days,…

Bitcoin (BTC) Price Starts Much Awaited Rally To $6K

Bitcoin price broke the main resistance at $5,400 and rallied sharply against the US Dollar. The price traded to a new 2019 high and it remains in an uptrend above $5,350. There is a major bullish trend line forming with support at $5,360 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair has likely started a strong upward move towards the $5,800 and $6,000 resistance levels. Bitcoin price rallied sharply above $5,400 and $5,600 against the US Dollar. BTC is likely to extend gains and…

Ripple (XRP) Price Recovery Looks Real But Could Face Hurdles

Ripple price corrected lower recently and tested the $0.3175 level against the US dollar. The price bounced back and traded above the $0.3200 and $0.3220 resistance levels. There was a break above a key bearish trend line with resistance near $0.3220 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently forming a bullish continuation pattern and it could revisit the $0.3300 resistance. Ripple price is slowly recovering against the US Dollar, whereas still struggling versus bitcoin. XRP could recover further above $0.3280, but…

Crypto Market, Bitcoin Surging: Bitcoin Cash, ADA, Litecoin (LTC), TRX Analysis

The total crypto market cap bounced back after testing the $167.5B level. Bitcoin price rallied to a new 2019 high above the $5,500 resistance level. Litecoin (LTC) price is currently consolidating above the $75.00 support area. Bitcoin cash price is slowly moving higher towards the $295 and $300 resistance levels. Tron (TRX) price is currently struggling and it could test the $0.0245 support area. Cardano (ADA) price rallied recently and broke the $0.0750 and $0.0760 resistance levels. The crypto market cap is climbing steadily, with bullish moves in bitcoin (BTC),…

Ethereum (ETH) Price Looks Set To Break $175-$180

ETH price corrected lower and tested the $165-166 support area against the US Dollar. The price bounced back and recently broke the $169 and $170 resistance levels. There is a key ascending channel in place with support at $170 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to accelerate higher and it could soon break the $175 and $176 resistance levels. Ethereum price is holding the ground versus the US Dollar and bitcoin. ETH seems to be following a bullish path and it may…

Bitcoin Price Won’t See New Lows

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN: As Bitcoin looks to eke out the highest daily close since 2018, crypto market sentiment is getting more and more bullish. Recently, CCN noted that technical analyst Willy…

Bullish Crypto Indicator Puts Near-Term Target for Bitcoin to Hit $6,000

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN.com: According to a cryptocurrency trader known as “Crypto Rand,” a technical indicator suggests the bitcoin price is en route to achieving $6,000 in the near-term. #Bitcoin looking solid…