Category: Reports

Ethereum Price Analysis: ETH/USD Surpassed $289, Preparing to Break $318 Level

Ethereum price has carried out a pullback and ready for the bullish movement continuation. Ability to break up the barrier at $318 level will expose the coin to the $351 supply level. Key Highlights: The Bulls broke out at $277 level; Ethereum price surpassed $289 level; the Bulls are fully […]

Bitcoin Price Analysis: BTC/USD Price Tested $11,311 Level Twice, Expecting the Third Breakout

Key Highlights: Bitcoin price broke out at $9,398; The coin reached $11,311 level; BTC price is currently consolidating at $10,967 level. BTC/USD Medium-term Trend: Ranging Resistance levels: $10,967, $11,311, $11,643Support levels: $10,168, $9,398, $8,879 On the medium-term outlook, Bitcoin price is bullish. The coin is obeying the command from the […]

Bitcoin Price Rally Is About Hitting Record Highs

Bitcoin’s price set another new high for 2019 reaching $9,693 and it seems that it doesn’t have intention to stop surging. On June 20, the world’s largest cryptocurrency by market capitalization broke upwards on the daily chart, after being held beneath $9,348 for an extended period of time. 2019 seems […]

XRP Price Analysis: XRP/USD Ranging Within $0.42-$0.46 Level, Expecting a Breakout

There is a tendency for XRP price to increase towards $0.49 supply level provided the Bulls gain enough momentum to break up the $0.46 supply level. In case the Bears continue to defend the $0.46 level consolidation may continue. Key Highlights: Consolidation is ongoing in the XRP market; there may […]

Ethereum Price & Technical Analysis: ETH No Longer Up For Now

Photo: Shutterstock By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. Ethereum 2.0 to get launched properly only in two years. Japanese user interest to cryptos boosted heavily. Over the last week, the long term outlook for the ETH did not change much: the price is still testing the 23.6% Fibo retracement. […]

Ethereum Price Analysis: ETH/USD Price Ranges Within $258-$227 Levels, Expecting a Breakout

The bullish breakout at $227 supply zone is envisaged should the Bulls gain enough pressure and Ethereum price may rally to the previous level of $289. In case the Bears continue to defend the $227 level consolidation may continue. Key Highlights: Consolidation is ongoing in the Ethereum market; Ethereum price […]

XRP Price Analysis: XRP/USD Reached $0.42, Potential Reversal Level

Photo: Shutterstock Key Highlights: XRP/USD topped at $0.46 price level; the price bounced off the supply level at $0.46; XRP dropped to the demand level of $0.42. XRP/USD Price Medium-term Trend: Bullish Supply levels: $0.46, $0.49, $0.54Demand levels: $0.42, $0.39, $0.35 On the medium-term outlook, XRP/USD is bullish. The coin […]

Bitcoin Price Analysis: BTC/USD Price Ranging Within $8,879-$9,398 Levels, Awaiting a Breakout

Bitcoin price breakout at the resistance level of $9,398 by the Bulls will expose the $10,016 resistance level which may be its target. Should the Bears gain enough pressure and break down the support level of $8,879 the price may decline to $8,565 level. Key Highlights: Bitcoin price is ranging […]

Ethereum Price Analysis: ETH/USD Price May Reach $289 Level

Photo: Shutterstock Key Highlights: The Bullish momentum is getting weak; Ethereum price is ranging on the 1-hour chart; the Bears may take over. ETH/USD Medium-term Trend: Bullish Supply Zones: $289, $318, $351Demand Zones: $258, $225, $191 Ethereum is bullish on the medium-term outlook. The coin broke out at $358 level […]

Bitcoin Futures Volume is Just 33% of the Spot Volume in May, Reports JPMorgan Chase

JPMorgan Chase suggests that there is an increase in institutional interest which caused the Bitcoin futures volume to increase by 118% compared to the volumes recorded in April. It is evident that the Bitcoin industry has changed considerably since 2017. According to JPMorgan Chase (JPM), there is an increase in […]