Bitcoin Price Weekly Analysis: BTC Signaling Bullish Continuation, $4K Incoming?

Bitcoin price started a downside correction after a sharp move towards $3,750 against the US Dollar. The price corrected lower and tested the $3,540-3,530 support area, where buyers emerged. Later, there was a break above a key bullish flag with resistance near $3,570 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is placed nicely in a positive zone and it could continue to move higher towards $3,650 and $3,800. Bitcoin price is slowly gaining bullish momentum against the US Dollar. BTC/USD remains in a…

Ripple Price Weekly Analysis: XRP At Risk of Sharp Bearish Reaction

Ripple price is struggling to clear the $0.3000 and $0.3100 resistance levels against the US dollar. There is a crucial bearish trend line formed with resistance at $0.3000 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair must gain momentum above $0.3000 and the 100 simple moving average (4-hours) for more gains. On the downside, a break below the $0.2940 support could trigger bearish moves in the near term. Ripple price corrected lower after a decent upward move against the US Dollar and bitcoin. XRP/USD…

Ethereum Price Weekly Analysis: ETH Primed To Rise Further Above $125

ETH price started a major consolidation after a nasty upward move above $120 against the US Dollar. There is a contracting triangle in place with resistance at $124 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to accelerate higher once it breaks the $124 and $125 resistance levels in the near term. On the other hand, a break below $119 might call for more declines towards the $114 or $110 level. Ethereum price is placed nicely in a positive zone versus the US Dollar…

Litecoin (LTC) Up 26.3% In the Last Week, What’s Bogging Down Price?

Litecoin prices up 26.3 percent Adoption levels on the rise Transaction volumes low but up from Dec 2018 Despite short-term sell pressure, Litecoin (LTC) is on the rise and adoption levels picking up. We can only conclude this as bullish and a pre-requisite for higher highs above $50. Litecoin Price Analysis Fundamentals The price of a digital asset, a product of supply-demand dynamics, is one of the many metrics of gauging performance. Fashioned as silver to Bitcoin gold, Litecoin is perhaps one of the few coins to gain widespread adoption.…

Bank-Issued Digital Assets A Deeply Misguided Idea

Ripple price edge lower Brad Garlinghouse says bank issued currencies doomed to fail Transactional volumes low JPM Coin is a bank-issued coin, but it will fail if we factor in Brad Garlinghouse analysis. A synergy is mandatory, and Ripple’s InterLedger Protocol can solve their need. Meanwhile, XRP prices are down and trending inside Feb 8 high–low. Ripple Price Analysis Fundamentals Back in 2017, David Schwartz, Ripple’s Chief Cryptography officer conceded that it would be years before banks adopt distributed ledger technologies. Backing his reasons were scalability and privacy issues. That…

Bitcoin (BTC) Validation as Jamie Dimon’s Sentiment Shift

Bitcoin prices ranging with clear supports at $3,400-500 zone JP Morgan and Chase rolls out a stable coin, JPM Transactional volumes average 10k, not enough to trigger buyers into action With the release of a banker’s stable coin, JPM Coin, crypto is technically valid. As such, we expect more bankers to follow suit endorsing the tech. That may help resuscitate Bitcoin (BTC) prices and lift them above $3,800 complete with high market participation. Bitcoin (BTC) Price Analysis Fundamentals Eventually, everybody does go down the endless rabbit hole call crypto. Many…

Bitcoin Price Watch: BTC Buyers Eye Next Crucial Bullish Break

Bitcoin price dived with bearish moves and retested the key $3,540 support area against the US Dollar. There is a crucial declining channel in place with resistance at $3,585 on the hourly chart of the BTC/USD pair (data feed from Kraken). A break above the channel resistance and $3,600 could spark more upsides in the near term. On the downside, the main supports for buyers are near $3,540 and $3,500. Bitcoin price is consolidating above key supports against the US Dollar. BTC buyers are eyeing the next bullish break above…

Crypto Market at Key Turning Point: BNB, EOS, Bitcoin Cash, Tron (TRX) Analysis

The total crypto market cap seems to be struggling near the $118.0B and $119.0B resistances. EOS price started a downside correction and declined below the $2.85 support level. Binance Coin (BNB) is performing nicely and it is currently up around 2.5% to $9.20. Bitcoin cash price is currently consolidating above the $122 support level. Tron (TRX) price broke a key support and settled below the $0.0250 level. The crypto market is facing an uphill task, with bearish moves. Therefore, there is a risk of bearish reaction in bitcoin (BTC), Ethereum…

Ripple Price Analysis: XRP’s Downside Thrust Before Fresh Upside

Ripple price is currently trading well below the $0.3045 and $0.3070 resistances against the US dollar. There is a major bearish trend line formed with resistance at $0.3070 on the hourly chart of the XRP/USD pair (data source from Kraken). Recently, there was a break below a connecting bullish trend line with support at $0.3000. The pair could correct a few points in the short term, but there are chances of a sharp drop to $0.2940 or $0.2910. Ripple price continues to trade in a bearish zone against the US…

Ethereum Price Analysis: ETH Losing Bullish Momentum, Downsides Limited

ETH price struggled to stay above the $121 and $119 support levels against the US Dollar. This week’s followed major bullish trend line was breached with support at $121 on the hourly chart of ETH/USD (data feed via Kraken). There is a new connecting bearish trend line in place with resistance at $121 on the same chart. The price could revisit $121-122 resistance zone, where sellers are likely to reemerge. Ethereum price is pointing a few bearish signs against the US Dollar and bitcoin. ETH/USD is now at a risk…