Here Are the Levels to Watch After Bitcoin Plunged $1,500

Earlier this week, Bitcoin surmounted $12,000 as global markets surged as the U.S. dollar saw a notable collapse. The world’s reserve currency, though, has since reversed, dragging down global markets with it. Like the stock market and precious metals, BTC has recently sustained a heavy correction. The cryptocurrency has plunged around 12% in the past 48 hours, shedding notable price support levels. Analysts note that all hope is not lost yet. Here are levels that the leading cryptocurrency must hold in the near future to maintain its technical uptrend as…

Ripple (XRP) Breaches $0.30: Next Bullish Levels Traders Should Watch

Ripple extended its rise above the $0.2920 resistance against the US Dollar. XRP price even broke the $0.3000 resistance and it is currently correcting gains. Ripple is back in a positive zone above the $0.2920 and $0.2950 levels against the US dollar. The price traded to a new weekly high at $0.3043 and it is now well above the 100 hourly simple moving average. There is a key connecting bullish trend line forming with support near $0.2975 on the hourly chart of the XRP/USD pair (data source from Kraken). The…

USD has ‘more room to fall’ — 5 things to watch in Bitcoin this week

Bitcoin (BTC) is heading for a bullish start to another week’s trading after shrugging off lower levels to hit $11,700. Cointelegraph takes a look at five things that could shape price performance in the coming days after BTC/USD saw little impact from both the Fed and futures settlements last week. Stocks put in higher highs In a classic continuation of the eerie post-coronavirus setup, stock markets are headed even higher on Monday. Despite the difficulties faced by many after months of sporadic coronavirus lockdowns and associated economic hardship, large-cap stocks…

Ethereum Smashes Heavy Resistance: Next Bullish Levels Traders Should Watch

Ethereum gained bullish momentum above the $406 resistance against the US Dollar. ETH price is up over 5% and it seems like the bulls are aiming a test of $445 in the coming days. Ethereum climbed higher steadily and broke the $400 and $406 resistance levels. The price is now trading nicely above the $420 level the 100 hourly simple moving average. There is a short-term breakout pattern forming with resistance near $430 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct a few points,…

The Cointelegraph Talks music panel starts now, watch here!

Cointelegraph’s head of news, Dylan Love, is hosting three guests for a livestream on our YouTube channel about blockchain technology’s impact on the music industry. The event starts right now: check it out above, or head over to our YouTube page to watch it live. It’s increasingly difficult for musical artists to navigate promotion, distribution and getting paid after they record their music, but each of the guests on today’s show run blockchain companies that stand to change a little bit of everything for working musicians today. We are pleased…

Bitcoin Price Manipulators Watch Closely as BTC Loses Bullish Momentum

On Sunday Aug. 2 the price of Bitcoin (BTC) dropped by 12% in just 5 minutes. In the same period of time Ether (ETH) dropped by 21% and similar losses were observed with many other altcoins. In retrospect, the general consensus on the cause was an unknown entity unloading roughly $1 billion on the open market during a time of low volume and liquidity. At first thought, one would assume that selling such a huge amount in an illiquid market would be to the detriment of the seller, but given…

Tezos (XTZ) Could Soon See a 100% Rally as Analysts Watch Bullish Trends

Tezos has seen some relatively strong price action over the past couple of weeks, but the uptrend it incurred around this time last week is starting to stall. It appears that the resistance laced throughout the mid-$4.00 region is quite intense, which has been stopping it from posting any further gains as of late. Analysts are now noting that the token may be poised to see further upside in the mid-term, but it may first have to enter a short-term consolidation phase. As for where it may trend once it…