BTC/USD 4H Chart: Decline likely to continue

The Bitcoin cryptocurrency has depreciated by 7.41% in value against the US Dollar since November 29. The currency pair continued to trade in the descending channel pattern during the past two weeks.

As for the near future, the BTC/USD exchange rate will most likely continue to trade in the descending channel pattern. The potential target for bearish traders would be at the psychological level at the 64.00 zones.

Furthermore, technical indicators demonstrate that the cryptocurrency exchange rate will continue trading south during the following trading sessions.

Bitcoin

 

ETH/USD 4H Chart: Could edge lower

The Ethereum cryptocurrency traded sideways against the US Dollar during last week's trading sessions. The currency pair has been trading between the range of 155.6/142.6 zones since December 1.

All things being equal, the 50– and 100– period simple moving averages could pressure the ETH/USD pair lower during the following trading sessions. The potential target will be near the 130.00 area.

However, the weekly S2 at 142.63 could provide support for the pair and drive the cryptocurrency exchange rate towards the 164.60 marks during next week's trading sessions.

ETHUSD

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


Latest Crypto News & Analysis

Editors’ Picks

The IRS makes it hard to pretend you don’t have Bitcoin

The cryptocurrency holders might have a hard time trying to hide their Bitcoins or other digital assets.  The Internal Revenue Service considers changing the standard 1040 form by including a bold question on the front page:

More Cryptocurrencies News

NEO faces downward pressure as investors prepare to “sell the news”

Flamingo Finance is a full-stack DeFi protocol built on NEO. Binance has recently announced a new Launchpool that included FLM tokens, set to launch on September 27. 

More NEO News

US-based cryptocurrency exchange Gemini is breaking bad with DeFi

The US-based cryptocurrency exchange Gemini goes all in DeFi mania. On Friday, the Winklevoss twins' trading platform announced the support for a bunch of DeFi tokens.

More Cryptocurrencies News

ADA bulls return ready for revenge

The ADA/BTC trading pair is finally singing to the tune of the bullish trends we have recently discussed. Buy signals have been validated and it is upon as to explore how far the breakout will go.

More Cardano News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC crystal ball gives bulls a faint flicker of hope

Bitcoin staged a healthy recovery this week. The pioneer digital currency price took off from the support area of $10,000 and touched the next psychological line of $11,000.

Read the weekly forecast

BTC

ETH

XRP