FutureBlockchain

FutureBlockchain Updated 

The Ethereum Project token ETH followed the general crypto trend on Sunday, January 26 and climbed up to $167, gaining 4 percent. It successfully survived a three-day long attack on the $160 line, which proofed to be a solid support zone in the mid-term. The coin remained flat on a weekly basis. The ETH/USD pair opened the new trading period on Monday by forming...

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The weekend of January 25-26 started with another drop on Saturday for the "ripple". The XRP token fell down to $0.218 in its fourth straight losing session. On Sunday, January 26 the coin skyrocketed to $0.23 in one of its best sessions for the last two weeks. It successfully rebounded from the $0.215 support line and returned to the $0.23 -$0.25 zone, which we...

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Bitcoin rebounded from the $8,300 support on January 26 and moved above $8,500 on the same day, setting the ground for an attack of the $8,900-$9,000 zone. The mentioned zone was reached on January 27 (Monday) when the coin formed its second consecutive green candle on the daily chart and stopped exactly there. In the early hours of trading on January 28, the most...

FutureBlockchain Updated 

Bitcoin suffered a heavy loss on Thursday, January 23 and dropped down to $8,328, losing 3.1 percent. We were still looking at the $8,500 - $8,300 area as a major support zone and last barrier before $8k and eventually $7,800. On the last day of the workweek, the BTC/USD pair was trading in the $8,540 - $8,220 range and closed with a small gain to $8,424. The...

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Bitcoin bears broke right into the $8,500 - $8,300 support zone on Thursday, January 23 and stopped few steps below $8,400. They also tested the lower end of the corridor at $8,300. Sell pressure was starting to increase and on Friday, January 24, the price of BTC moved below $8,300 during intraday, just to recover in the evening. I expect the level to survive at...

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The BTC/USD pair started trading on Monday, January 20, by forming its second consecutive red candle on the daily chart. The coin dropped down to $8,624 and registered a small loss after bears once again tested the $8,500 line during intraday. On Tuesday, January 21, the leading cryptocurrency climbed up to $8,719, completely erasing all losses from the previous...

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On Thursday, January 16, the XRP token fell further to $0.228 after touching $0.221 during intraday. The last day of the workweek came with a quick rebound for bulls as the “ripple” regained its positions above $0.23. It moved 4.3 percent up and stopped at $0.239. The weekend of January 18-19 started positively on Saturday. The XRP peaked at $0.254 before closing...

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On Thursday, January 16, the BTC/USD pair dropped down to $8,740 after hitting $8,570 during day-trading. As expected, the leading cryptocurrency successfully found its local bottom in the mid-$8k and on Friday initiated an attack towards $9,000. Buyers pushed the price up to $9,020, but could not fully capitalize on their gains and closed at $8,895. The weekend...

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On Monday, January 13 the BTC/USD pair started the new trading period with a small correction to $8,100. Still, bulls managed to keep the price above the 100-day EMA, which was surpassed two days earlier for the second time recently. The zone around $8,000 was now serving as a consolidation area and on Tuesday, January 14, BTC formed a huge green candle on the...

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The XRPUSD pair successfully moved above $0.215 as discussed yesterday morning and continued to rise towards our next target, which was $0.23 (the upper part of the "balloon" on the chart). $0.23 was reached earlier today after a stormy session and as the total market capitalization of the crypto world peaked at $239 billion - more than $20 billion up since Monday...

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Bulls were obviously not able to consolidate and extend the recent gains, so on Thursday, January 9 we witnessed the formation of a third consecutive red candle on the daily chart. The “ripple” closed at $0.203. The last day of the workweek brought some relief for buyers as the major altcoin climbed up to $0.2127 partially erasing the losses from the last few...

FutureBlockchain Updated 

The stability of the mid-$8k zone was pointing to a potential rejection near the $8,400 level as it proofed to be a solid support/resistance line in the past already. I think this will most probably result in a correction to $8,000, consolidation there, and an attempt towards $9,000 in the coming days. Bitcoin moved above the 50-day EMA on January 5 after we...

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The mid-week session on January 1 was far from volatile and the XRP token started 2020 without significant price changes. Trading volumes were extremely low as neither bulls nor bears could take over control. On Thursday, January 2 the ¨ripple¨suffered a heavy drop and corrected its price down to $0.186. The good news for buyers was that these loses were...

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Bitcoin registered a drop to the $7,000 support on Thursday, January 2, which resulted in a 2 percent loss. Bulls managed to consolidate around this level and successfully regained positions on the last day of the workweek. In its best session since December 18, bitcoin skyrocketed to $7,341. The weekend of January 4-5 started with another good session on...

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On Monday, the BTC/USD pair corrected its price down to $7,220, at the Fibonacci 61.80% line. The coin lost 2.3 percent of its value and completely erased the gains from the previous sessions. On Tuesday, December 31, the trading volumes remained significantly lower (around $20-$23 billion on 24h basis) due to end of year celebrations around the world. Bitcoin...

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On the last day of 2019 we are looking at a weak performance from BTC. We were hoping to see a positive year-end session, still due to low trading volumes and the overall bear pressure, buyers could not establish a solid trend and start 2020 with a bang. Bitcoin rejected at $7,500 !!! BTC needs to close above $7,500 and then $7,800 to confirm mid-term...

FutureBlockchain Updated 

The Ripple company token XRP moved up to $0.197 on Sunday, December 22 and ended the week 8.7 percent lower compared to the previous trading period. It opened the new trading session on Monday with a heavy loss, which resulted in a 4 percent decline to $0.189. The cryptocurrency was not able to break above the downtrend channel by escaping the $0.20 -$0.19...

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On Thursday, December 19 BTC made a correction to $7,141, but not before hitting the $7k once again. We saw the most popular cryptocurrency trading as low as $7,073 on the last day of the workweek, just to close with a small gain to $7,192. The BTC/USD pair was not able to establish a definitive trend and this was even more obvious during the weekend sessions. It...