Bitcoin (+0.02%) and the leading cryptocurrencies are moving in a range and trying to consolidate the past gains. Bitcoin SV(-16.76%) is suffering from profit-taking in the last two days, retracing more than 50% of the gains. Also, DogeCoin(-10.43%), ATOM(-5.76%), and XRP(-3.13%) with above-average drops, whereas DASH(+3.23%) and Ethereum Classic (+6%) keep their bullish impulse. In the Ethereum token section, SNX (+8.54%) and LINK (-4.16%) are retracing the most among the top tokens, whereas REP(+48%), KNC (+20.6%), and RLC(+14.1%) shine.


The market capitalization of the sector dropped to $237.431 billion (+2.41%), the traded volume in the last 24 hours was $51.47 billion (-33.6%), and, finally, Bitcoin dominance move slightly upwards, to 66.35%.






Hot News

On Jan 14, Bitwise has temporarily withdrawn its Bitcoin ETF proposal from the SEC. " The Registrant believes that this withdrawal request is consistent with the public interest and protection of investors as required by Rule 477(a)" (source: SEC).

New Hampshire Legislators dropped the bill proposal that would allow citizens to pay taxes using cryptocurrencies.

German-based Software AG has announced it will integrate MIOTA into its portfolio. Software AG president Christoph F. Strnadl stated that "Strategically we are looking to integrate all IOTA technology into our portfolio. "Total" here means deliberately including Miota token, Qubic, MAM and other (future) layer 2 protocols powered by Tangle. " (source:

Financial regulators are forcing restrictions on crypto margin trading. The Japanese Financial Services Agency (FSA) is going to introduce a rule to limit to 2X the allowed margin on crypto trading.


Technical Analysis: Bitcoin


Bitcoin has been firmly rejected early morning from the $8.860 resistance level. That was the second failed attempt to cross this level. The price seems poised to test the $8,500-$8445 area. BTC's price still moves in the upper side of the Bollinger Bands, and above its 20 and 50 period SMA, therefore we still keep our bullish bias on this asset, but we think it will move sideways today.

Support Pivot Point Resistance
8,600 8,745 8,860
8,445   9,050
8,300   9,250




Ripple had a sharp bearish candle that moved its price from above its +1SD line to touch the mid-Bollinger line. The price now is reaching its 0.225 support. Its MACD has made a bearish transition. Therefore it raised a warning sign that more drops could happen. If the $0.225 level does not hold, it may drop to touch its 50-period SMA line as did on the last two occasions.

Support Pivot Point Resistance
0.2250 0.2340 0.2400
0.2170   0.2500
0.2080   0.2600




Ethereum seems to make a sideways figure after the sharp candle made early morning. The price is currently held by the $159 support, but it is likely the movement continue being choppy today, as it seems to be a shift in the sentiment of traders on a fading volume. Although the MACD has made a bearish crossover, the Bollinger Bands are moving up, and the price is moving in the upper side of the bands, so we think the bullish trend is still in place.

Support Pivot Piont Resistance
159.00 167.00 172.00
155.00   177.00
148.00   185.00




Litecoin is moving sideways after its attempt to cross the $60 level. Currently, the price has bounced slightly from its $55 support and is approaching the mid-Bollinger line, while the MACD transitioned to a bearish phase. The Bollinger bands are still pointing up, so we think this is just a consolidation phase. The level to hold is $55, although the price could go down to $51 if the selling pressure accelerates in the sector.

Support Pivot Point Resistance
55.00 58.00 60.00
53.00   62.50
51.50   64.60



Try Secure Leveraged Trading with EagleFX!

Risk Warning: CFD and Spot Forex trading both come with a high degree of risk. You must be prepared to sustain a total loss of any funds deposited with us, as well as any additional losses, charges, or other costs we incur in recovering any payment from you. Given the possibility of losing more than your entire investment, speculation in certain investments should only be conducted with risk capital funds that if lost will not significantly affect your personal or institution’s financial well-being. Before deciding to trade the products offered by us, you should carefully consider your objectives, financial situation, needs and level of experience. You should also be aware of all the risks associated with trading on margin.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

BTC/USD low volatility indicates a significant move to $8,000 or $10,000 is nearby

Bitcoin price is currently at $9,229 after a brief dip to $9,104. It is currently below the daily 12-EMA and the 26-EMA which have been unable to cross positively due to the lack of bullish continuation. 

More Bitcoin News

XRP/USD do-or-die scenario at $0.20

The XRP price target at $0.21 is slowly fading away after an extended consolidation period. XRP is still fighting to stay above $0.20 while daily EMAs...

More Ripple News

ETH/USD still on its way to $250 as the market cap of ERC-20 tokens surpassed Ethereum

Ethereum has been outperforming Bitcoin for quite some time and it’s still really close to cracking $250. Ethereum price is at $240.32 after a slight drop below the daily 12-EMA...

More Ethereum News

ADA/USD 8% explosion towards $0.138 could indicate that bulls are ready for $0.15

ADA/USD had a significant drop to $0.12 after getting rejected at $0.136 on July 13. The bulls managed to buy the dip and have pushed ADA above $0.13...

More Cardano News


Bitcoin Weekly Forecast: BTC volatility drops to a year low, get ready for a spiral drive

The week was tough for the cryptocurrency markets confined to tight ranges. Bitcoin has lost 1% of its value during the recent seven days with the trading range limited by $9,298 on the upside and $8,933 on the downside.

Read the weekly forecast