ETH analysis

BTC has been on fire since the start of the new month. The price finally surmounted the stubborn $49K resistance zone and climbed to its highest level in three months. The BTC/USD pair cruised past $50K. This happened as stocks slid following a report from US officials that revealed underwhelming US job gains. The dampened outlook for the US economy pushed the dollar and S&P 500 index lower while boosting interest in hedging assets like Bitcoin and gold. As the…

Bitcoin staged a major rally on Wednesday night, soaring from a swing low of $46,533 to hit highs above $49,678. The BTC/USD pair accelerated higher into a positive zone after forming a strong support base in the $46,500 zone. The night of bullish action sparked speculations that the king coin could mount a renewed attack on $50K.  Despite predictions to the contrary, the number 1 cryptocurrency is so far seeing an incredible start to September. Market participants are excited about the prospects…

In the past 24 hours, Bitcoin has maintained a bearish price trend, while Ethereum, Cardano, and Solana's prices continue to rise. Cardano and Solana have been making new ATH values in just the past few weeks. The crypto market also seems to be in recovery.  BTC Bulls Still Uncertain BTC is still on a high low but showing signs of a continued bearish statement. Late 31st August, bitcoin was trading at $47.9k. A few hours later, it managed to even hit…

Bitcoin and ETH, the two most prominent crypto assets, are currently showing slight gains. However, Cardano continues a genuine market bull run and is most likely to hit $3.  Bitcoin Price Analysis Early 29th August, Bitcoin seemed to start by a positive price action as it increased past $49.6k. Bitcoin has been in a bearish-bullish situation in the past few hours, plunging $47928 and later surged to $48957. CMC caps the 24-hour price change at about a 0.5% increase.  Since the…

As bitcoin tries to reclaim the $50,000 mark, ETH struggles going past the $4,000 level. On the other hand, Cardano has hit consecutive all-time highs granting it more mentions on Twitter than the leading crypto by market cap. Bitcoin Looks Towards the $50K Mark Bitcoin price attempted to go above the $49,000 resistance zone. However, it failed to gain strength above the $49,200 level. The coin formed a high close to $49,335 level before starting a fresh decline yesterday. Bitcoin…

Bitcoin seems to be on a downtrend today after breaking out past its long-term resistance yesterday. Ethereum, Cardano, Binance Coin, and others in the crypto market seem to follow a similar course. Bitcoin Price Analysis On Tuesday 24th, Bitcoin was in a continuous downtrend which began in late 23rd, after bitcoin broke out past $50.5k. Coinmarketcap information shows that this coin has reduced by 2.72% in the past 24 hours. BTC is currently trading at $48.2k, a deep drop from…