Crypto Markets Report Slight Gains While Gold Rises

Friday, March 22 — All the top 20 cryptocurrencies, except Tether (USDT), are in the green, having overcome yesterday’s drop. Market visualization from Coin360 Bitcoin (BTC) is up 0.31 percent over the past 24 hours, and is trading at around $4,045 at press time. The coin started the day at $4,029, with a jump to as high as $4,053 in the middle of the day. In terms of a weekly view, Bitcoin has gained around 1.9 percent, while in terms of the month BTC has increased by just one percent.…

Bitcoin (BTC) Price Hesitates But Further Gains Seem Likely

Bitcoin price formed a strong support near the $3,940 level and climbed higher against the US Dollar. The price managed to clear the $3,965 and $3,980 resistance levels to move into a positive zone. Yesterday’s highlighted key bearish trend line was breached with resistance at $3,970 on the hourly chart of the BTC/USD pair (data feed from Kraken). The current price action is positive, but buyers need to gain strength above the $4,000 resistance. Bitcoin price started a slow and steady rise against the US Dollar. BTC is showing positive…

Major Cryptocurrencies See Slight Gains, Palladium Hits $1,600 for The First Time

Tuesday, March 19 — cryptocurrency markets are mostly trading in the green zone, with Bitcoin (BTC) hovering above the $4,000 mark. Market visualization from Coin360 During the day, BTC has been trading in a narrow corridor between $4,031 and $4,082. At press time, the leading coin is trading at around $4,059, up around 0.62 percent on the day. Today, major cryptocurrency exchange Binance announced that its new service “Binance Lite” will enable the exchange’s Australian customers to purchase Bitcoin with fiat currency from supported newsagents. Bitcoin 7-day price chart. Source:…

Ethereum Price Weekly Analysis: ETH Primed For Further Gains

ETH price broke a major resistance area near $133-134 to climb higher against the US Dollar. The price settled above the key $134 resistance to move into a positive zone. There was a break above a major contracting triangle with resistance at $133 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is currently correcting lower, but it is likely to find a strong buying interest near $134. Ethereum price is trading with a bullish bias versus the US Dollar and Bitcoin. ETH/USD climbed towards $144 and…

Some Altcoins Make Mild Gains, Crude Oil Futures See Four-Month High

Thursday, March 14 — cryptocurrency markets are trading sideways, with some major coins making minor gains on the day, according to data from Coin360. Market visualization from Coin360 Bitcoin (BTC) is up less than one percent over the past 24 hours, and is trading at $3,921 at press time. The major cryptocurrency has seen small volatility over the day, having dipped to as low as $3,901, while the intraday high reached $3,946 as of press time. Bitcoin 24-hour price chart. Source: CoinMarketCap Ethereum (ETH), the second top cryptocurrency by market…

Spiking 50% Crypto Gains Will Eventually Fuel Bitcoin Price Surge

Throughout March, a handful of crypto assets and tokens have consistently outperformed Bitcoin, recording gains in the 50 percent to 100 percent range against the U.S. dollar. 1-Month Chart of Enjin Coin (Source: Coinmarketcap.com) Due to the reported partnership between Samsung and Enjin, for instance, Enjin Coin and other cryptocurrencies related to the project such as Kyber Network and Bancor demonstrated a significant increase in value. Bitcoin Price Will Benefit From It According to cryptocurrency trader Josh Rager, based on the historical trend of the cryptocurrency market, the price surge…

Bitcoin Seeking Gains After Retaking Key Price Support

View Bitcoin’s immediate outlook will remain neutral while prices are trapped in the range of $3,658-$3,900. If the bulls can keep prices above the 5-week MA support at $3,703, we could see a rally above $4,000. The average is reporting bullish conditions for the first time since August. On the downside, a UTC close below $3,658 (Feb. 27 low) would revive the bearish view put forward by the high-volume sell-off on Feb. 24 and open the doors for a drop to levels below $3,400. Bitcoin (BTC) has returned above crucial…

Ripple Price Analysis: XRP’s Rally Runs Into Resistance But More Gains Likely

Ripple price rallied sharply above $0.3200 against the US dollar after the Coinbase listing announcement. The price traded above the $0.3220 and $0.3300 resistance levels before it faced sellers near $0.3400. There is a crucial connecting bearish trend line formed with resistance at $0.3360 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may correct a few points, but dips remain supported above $0.3200. Ripple price climbed higher sharply against the US Dollar and bitcoin after the positive news of Coinbase listing. XRP/USD tested the…

Bitcoin Price Analysis: Bullish Rejection Wipes Out Bitcoin’s Weekend Gains

Over the weekend, a strong rally was stifled by an even stronger rejection as the bitcoin market was shoved into a band of overhanging resistance. This band of resistance has been mentioned several times in our analyses over the last few weeks as it has proven impossible to overcome for the time being: Figure 1: BTC-USD, Daily Candles, Failed Breakout This run to the low $4,000s coincided with a breakout of a rather large symmetrical triangle consolidation shown above. It managed to establish a new, local high but was immediately…