BTC/USD 4H Chart: Moving towards $11000

The Bitcoin cryptocurrency has been trading in a symmetric triangle pattern against the US Dollar since the last four months.

The exchange rate breached a resistance cluster formed by the combination of the weekly, the monthly PPs and the 50– and 200– period SMAs near the 10431.3 during the morning hours of Friday's trading session.

The BTC/USD cryptocurrency could aim for the $11000 mark during next week's trading sessions.

However, a resistance level set by the upper boundary of the symmetric triangle pattern at 10800.8 might restrict the movement of the currency exchange rate.



ETH/USD 4H Chart: Breakout occurs

The ETH/USD cryptocurrency has been trading in a downtrend channel pattern since the end of June. However, a breakout occurred through the upper boundary of the descending channel during last week's trading sessions.

From a technical point of view, the Ethereum cryptocurrency will most likely continue to edge up during the following trading sessions. The potential target for the exchange rate will be at 200..93.

Although, a resistance cluster formed by the monthly pivot point and the weekly R1 at 192.7 could provide a significant resistance for the exchange rate in the shorter term.


This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Top 3 price prediction Bitcoin, Ripple, Ethereum: Cryptos seeing multiple launches into the universe

The BTC/USD pair is currently trading at the $10.187 price level, the same price level as in recent weeks. The most serious difficulty for Bitcoin is the low volatility, after many days in the same price range, strength and speed indicators are at minimum levels. It will not be easy to start again.

More Bitcoin News

Ethereum (ETH) price analysis: ETH/USD settles above $200.00 amid altcoins'bull run

The second-largest cryptocurrency with the current market capitalization of $22.9 billion hit $215.18 during early Asian hours. While the coin has retreated to $212.40 by the time of writing, the upside momentum remains strong as the coin stays above a critical $200.00.

More Ethereum News

NEO price analysis: NEO/USD retreats from intraday high, upside momentum recedes

NEO is performing strongly on Wednesday. The 20th largest digital asset with the current market value of $69 million gained over 7% both on a day-on-day basis and moved nearly 3% higher since the beginning of the day.  At the time of writing, NEO/USD is changing hands at $9.80, off the intraday high of $9.87. 

More NEO News

TRON market update: TRX/USD tests DMA50 for the first time since July

TRON (TRX) is one of the best performing coins on Wednesday. TRX/USD has gained over 10% of its value to trade at $0.0178 by press time. While the coin has retreated from the intraday high ($0.0178), the upside momentum is still strong as TRX is moving in sync with the rest of the market. 

More Tron News


Bitcoin Weekly Forecast: Rangebound trading and September blues come upon the crypto market

Bitcoin finishes the week with marginal losses. The first digital currency recovered from the recent low of $9,886 but stayed in the red zone as of the end of the week.

Read the weekly forecast