Archive | virtual currency

Bitcoin Cash Price Technical Analysis – BCH/USD Approaching Short-term Break

Key Points Bitcoin cash price is consolidating above the $320 support area against the US Dollar. There is a short-term contracting triangle forming with resistance near $335 on the hourly chart of BCH/USD (data feed from Kraken). The price might dip o…

Bitcoin Cash Price Technical Analysis – BCH/USD Back To Square One

Key Points Bitcoin cash price declined sharply from $390 and traded towards $300 against the US Dollar. A major bullish trend line with support at $310 prevented declines on the hourly chart of BCH/USD (data feed from Kraken). The price is now back in …

Bitcoin Cash Price Technical Analysis – BCH/USD Burst Above $350

Key Points Bitcoin cash price surged higher and broke an important resistance at $350 against the US Dollar. This week’s highlighted contracting triangle pattern with resistance at $320 was broken on the hourly chart of BCH/USD (data feed from Kraken)….

Bitcoin Cash Price Technical Analysis – BCH/USD Neutral Above $300

Key Points Bitcoin cash price is holding the $300 support against the US Dollar and is trading in a range. Yesterday’s highlighted contracting triangle pattern with current resistance at $323 holds the key on the hourly chart of BCH/USD (data feed from…

Putin Orders the Issue of Russia’s National Cryptocurrency – the Cryptoruble

Russia’s president Vladimir Putin has reportedly ordered the issue of the national cryptocurrency, the “cryptoruble.” The Russian Minister of Communications and Mass Media has revealed some details of this new currency. Also read: Putin Confirms Russia Will Regulate Cryptocurrencies Putin’s Executive Order Russia’s Minister of Communications and Mass Media, Nikolay Nikiforov, said at a closed meeting […]

Bitcoin Cash Price Technical Analysis – BCH/USD To Consolidate Short-term

Key Points Bitcoin cash price is finding bids above the $300 support area against the US Dollar. There is a contracting triangle pattern forming with resistance at $324 on the hourly chart of BCH/USD (data feed from Kraken). The price is likely to move…

Bitcoin Cash Price Weekly Analysis – Can BCH/USD Gain Momentum?

Key Points Bitcoin cash price struggled a lot and moved towards $300 against the US Dollar. Recently, there was a break above two bearish trend lines with resistance at $310 on the 4-hours chart of BCH/USD (data feed from Kraken). The pair now has to g…

Bitcoin Price Weekly Analysis – BTC/USD in Monstrous Trend

Key Points Bitcoin price is in a major uptrend and recently broke the $5600 resistance against the US Dollar. There are two major bullish trend lines forming with support at $5280 and $5000 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The…

Bitcoin Cash Price Technical Analysis – Can BCH/USD Hold $300?

Key Points Bitcoin cash price is struggling to move higher and remains below the $340 resistance against the US Dollar. This week’s highlighted major bearish trend line with current resistance at $325 is a crucial hurdle on the hourly chart of BCH/USD …

Bitcoin Cash Price Technical Analysis – BCH/USD Remains At Risk

Key Points Bitcoin cash price is trading in a range below the $320 level against the US Dollar. There is a short term contracting triangle forming with resistance at $315 on the hourly chart of BCH/USD (data feed from Kraken). The price remains at a ri…

Bitcoin Cash Price Technical Analysis – BCH/USD’s Perfect Failure

Key Points Bitcoin cash price failed to break an important resistance near $350 against the US Dollar. This week’s highlighted key bearish trend line with current resistance at $335 played well on the hourly chart of BCH/USD (data feed from Kraken). Th…

Bitcoin Cash Price Technical Analysis – BCH/USD Reversing Losses

Key Points Bitcoin cash price declined further and traded below the $300 level against the US Dollar. Yesterday’s highlighted key bearish trend line with current resistance is intact near $340 on the hourly chart of BCH/USD (data feed from Kraken). The…

Bitcoin Cash Price Technical Analysis – BCH/USD To Test $300?

Key Points Bitcoin cash price was under a lot of pressure and recently broke the $360 support against the US Dollar. There is a key bearish trend line forming with resistance near $350 on the hourly chart of BCH/USD (data feed from Kraken) are intact. …

Bitcoin Cash Price Weekly Analysis – BCH/USD Forming Bottom?

Key Points Bitcoin cash price declined heavily this past week and broke the $400 support against the US Dollar. Recently, there was a break above a bearish trend line with resistance at $350 on the 4-hours chart of BCH/USD (data feed from Kraken). The …

Bitcoin Price Weekly Analysis – BTC/USD To Surpass $4600

Key Points Bitcoin price is back in the bullish zone and might soon break the $4600 level against the US Dollar. There is a crucial contracting triangle pattern forming with support at $4320 on the 4-hours chart of BTC/USD (data feed from SimpleFX). Th…