Bitcoin Technical Analysis: BTC/USD bearish pennant pattern subject to a breakout

Bitcoin price is nursing losses of around 0.95% on Thursday afternoon. BTC/USD price action remains within consolidation mode, following a breakout of the critical daily supporting trend line at the start of the week. Significant near-term daily support is seen at $7,500 level, a break below would heavily expose $7,000 to the downside.

Bitcoin Price Analysis

Ethereum Technical Analysis: ETH/USD bullish flag structure eyed via the daily chart

Ethereum price on Thursday is nursing losses of around 1.25% in the second part of the day. ETH/USD price action via the daily chart view is moving within somewhat of a bullish flag pattern. Should the bulls manage to force a breakout, eyes will be on a move back to the $300 territory.

Ethereum Price Analysis

 

Ripple price analysis: XRP/USD inches closer to a breakout – Bollinger Band consolidation

XRP/USD price is currently searching for key support and a short-term that will allow it to reverse the trend significantly above $0.400. The declines in the past couple of days have demoralized and eventually paralyzed the buyers who seem to have hibernated. At the same time, there is just enough buying power sustaining XRP/USD above the weak support at $0.3900.

Ripple Price Analysis

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin price prediction: November fails to impress, what about an action-filled December 2019?

Bitcoin is staring into a bottomless pit mid though the month of November. The past two years have seen Bitcoin start to stir movement upwards in November.

More Bitcoin News

The cryptocurrency market update: Bitcoin and major altcoins recover from early losses

The cryptocurrency market is navigating a sea of red on Friday. Bitcoin and all major altcoins are nursing losses both on a day-to-day basis and since the beginning of the day.

More Cryptocurrencies News

XRP/USD on the verge of a falling wedge pattern breakout

Ripple is trading below a key support week-long support at $0.27. The selling pressure on Thursday forced the price lower refreshing the levels towards $0.26. XRP commenced the trading on Friday at $0.2679 and touched a high of $0.2690.

More Ripple News

Litecoin price update: LTC/USD takes back $60 support, is $65 hurdle breakable?

Litecoin is in the middle of a recovery move following the recent slide below $60. The accrued gains chopping exercise that has been going on since the week started after another failed attempt to correct towards $65.

More Litecoin News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: In the middle of nowhere

Bitcoin has been drifting down since the beginning of the week, as the bulls have no luck with the recovery campaign launched during the previous weekend.

Read the weekly forecast

BTC

ETH

XRP