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Bitcoin Price Analysis (BTC/USD) On an hourly chart, the bulls have dominated the market of BTC/USD pair. The 7 day MA was seen gravitating above the 21 day MA that signaled an increase in bullish pressure. The top cryptocurrency has slightly gained by 0.17%, having escalated from $10731.71 to $10750.00. Apparently, a bullish engulfing candle started … Read more
What are the key levels to watch that will confirm the start of a new uptrend in Bitcoin? Let’s consult the charts Go to Source Powered by WPeMatico
With altcoins falling to new yearly lows, will Bitcoin also cave or will it continue to outperform? Let’s consult the charts Go to Source Powered by WPeMatico
Bitcoin Price Analysis (BTC/USD) On an intraday chart, the price of BTC/USD pair has further dipped from the previous price of 10473.00 and is currently changing hands at $9917.57 that translated to an intraday dip of 5.3%. The bulls seemed to have lacked the means or strategy to pull up the market momentum. This was … Read more
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex The second cryptocurrency in terms of capitalization, the Ethereum, continues a declining correction. The test of the important support level of $165 is close; if it happens, the buyers will have to demonstrate a bounce in order to prevent further decline. It is possible that the ETH is … Read more
Monero Price Analysis (XMR/USD) On an intraday chart, XMR/USD has experienced significant loss over the last 24hrs. The bearish pressure was bolstered by the 21 day moving average that strongly traded above the 7 day moving average throughout the intraday. XMR has down surged by 6.6%, having begun trading yesterday at $90.65. It is now … Read more
Has Bitcoin topped out in the short term or will traders have the opportunity to buy it lower? Let’s consult the charts Go to Source Powered by WPeMatico
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex Presently, the XRP cryptocurrency is the third one on the market in terms of capitalization, which is $12.8 billion. The XRP is currently trading at $0.2975. Unfortunately, this digital asset has been declining recently, testing local minimums, as well as other altcoins. Anyway, Ripple has become a partner … Read more
If Bitcoin fails to rally within the next few days, chances are that it will slump to $9,080. Let’s consult the charts Go to Source Powered by WPeMatico
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex The Litecoin, presently being the fifth cryptocurrency in terms of market capitalization, has halved the payments to miners. Another halving has reduced the payment for a block from 25 LTC to 12.5 LTC; at the same time, the difficulty of mining has grown by 200% since the end … Read more