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analysis, bitcoin, btc, chart, critical, resistance, retest, technical, usd -

Bitcoin is looking likely to retest the $7,200 resistance level for the second time this week, as buyer confidence grows in the market today. This breakout will be vitally important for the #1 cryptocurrency by market cap, as it oscillates within dangerous territory near the critical $6,000 support beneath. BTC/USD has been a shadow of its former glory in Q1 this year, declining ever since BTC futures trading debuted on the Chicago Mercantile Exchange late last year. For 4 months the BTC market has struggled to keep its head above water after flurries of bad media press, restrictive regulation and...

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analysis, ripple, technical, usd, xrp -

Key Highlights Ripple price is under a lot of pressure as it moved below the $0.7000 support against the US dollar. This week’s highlighted monster contracting triangle pattern with support near $0.7500 was broken on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently trading above the $0.6000 level, but it remains at a risk of more losses. Ripple price fell sharply against the US Dollar and Bitcoin. XRP/USD could extend declines in the near term as long as it is below the $0.7000 level.     Ripple Price Resistance Buyers failed to initiate an...

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ada, analysis, cardano, technical, usd -

Key Highlights ADA price remained in a bearish zone and it recently broke the $0.2840 support against the US Dollar (tethered). There is a major bearish trend line forming with resistance at $0.2780 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair may correct a few points in the short term, but it remains sell on rallies around $0.2800. Cardano price is placed in the bearish zone against the US Dollar and Bitcoin. ADA/USD is likely to decline further with supports on the downside at $0.2710 and $0.2600. Cardano Price Downtrend There was no respite for...

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analysis, bitcoin, technical -

Ripple, Bitcoin, and Monero are in the center of attention in the cryptocurrency segment today, with XRP breaking out from a trading range, Monero continuing its rally, while Bitcoin is still creeping higher towards a major resistance zone. BTC/USD, 4-Hour Chart Analysis Bitcoin is trading with very low volatility today, as the most valuable coin is now only a tad lower than the rally high set two weeks ago near $11,750 while also being right the dominant declining trendline. The coin is already testing the line, as we expected, and the result of the battle between bulls and bears will be crucial...

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analysis, bitcoin, btc, bullish, dash, etc, eth, ethereum, ethereum classic, iota, lite, litecoin, monero, neo, rally, ripple, technical, usdt, xmr, xrp -

As the correction in the cryptocurrency segment lost momentum during the weekend, several major coins started to show signs of accumulation, and today, a broad rally carried most of the top currencies well above the correction lows. While the sector is still not out of the woods, today’s advance confirmed the positive signs that we have been monitoring throughout the pullback. For now, there are still strong resistance zones ahead of the top coins and the broad declining trend is still intact in Bitcoin, Ethereum, Ripple, and most of the smaller altcoins as well. That said, we remain bullish regarding the...

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altcoin, analysis, bitcoin, btc, dash, etc, eth, iota, ltc, neo, technical, xmr, xrp -

The day that kicked off in a bullish fashion for cryptocurrencies turned slightly negative for the majority of the coins in the second half of the session, as US stock markets re-opened after the long weekend. Bitcoin, Ethereum Classic, and Litecoin were the early leaders of the segment, but only the most valuable coin stayed bullish throughout the session, as both LTC and ETC ran into resistance in the second half of the day. BTC, which was boosted by the positive news regarding the Bitcoin Core Wallet’s SegWit introduction, topped $11,700 for the first time in more than a month, and...

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bullish, crypto, cryptocurrency, dash, recommendation, technical -

The Dash/Bitcoin (DASH/BTC) pair started its uptrend on December 20, 2017 when it broke out of a bullish reversal pattern after taking out 0.075 resistance. The next day, it went as high as 0.09199600, but at this point, the market was near overbought territory. The 40% growth from December 20th’s opening of 0.06541019 was enough for market participants to take profits. // -- Discuss and ask questions in our  Facebook Group With increased selling pressure, the market broke below 0.075 and went as low as 0.06270017 on January 6, 2018. As market participants sensed a higher low was in place, the...

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10000, analysis, bitcoin, bullish, bullrun, crypto, cryptocurrency, dash, etc, eth, ethereum, iota, litecoin, ltc, neo, ripple, technical, top, tops, xrp -

The cryptocurrency market continued to heal considerably, as the major coins keep on successfully tackling resistance levels following a very deep sell-off that shaved off more than 60% of the market value of the segment. The sector is now back near the $500 billion mark in market capitalization, but investors shouldn’t get complacent here, as corrections will come along the rally, and the dominant downtrend is intact in most cases, with BTC being no exception. With that in mind, today might not be the best time to open new positions, even as BTC could still get to the next resistance level...

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