Bitcoin Price Weekly Analysis: Sell Rallies In BTC/USD Near $5,880

Key Points Bitcoin price declined heavily and traded close to the $5,200 support level against the US Dollar. There is a short term consolidation pattern formed with resistance at $5,550 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher towards $5,750 or $5,880, but upsides are likely to be contained. Bitcoin price settled below key supports against the US Dollar. BTC/USD may recover in the short term, but sellers remain in control around $5,880. Bitcoin Price Analysis This past week, we saw…

Ethereum Price Analysis: ETH/USD Remains Sell On Rallies Near $186

Key Highlights ETH price found support near the $165 level and later recovered slightly against the US Dollar. There was a break above a short term bearish trend line with resistance at $173 on the hourly chart of ETH/USD (data feed via Kraken). The pair could trade above $180, but it could face a strong resistance near the $186 level. Ethereum price is currently consolidating against the US Dollar and bitcoin. ETH/USD is likely to face a strong resistance near the $186 and $190 levels. Ethereum Price Analysis Yesterday, we…

Bitcoin Price Watch: BTC/USD Remains Sell On Rallies Near 100 SMA

Key Points Bitcoin price declined further and traded below the $6,275 support level against the US Dollar. There are two bearish trend lines formed with resistance at $6,300 and $6,340 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price remains at a risk of more losses below the $6,250 support in the near term. Bitcoin price is placed in a bearish zone against the US Dollar. BTC/USD could recover, but upsides are likely to be capped around the $6,340 level. Bitcoin Price Analysis During the…