Discover Top Posts Tagged with #recent decline

Bitcoin Price Watch: BTC/USD Could Rebound Above $6,500

Key Points

Bitcoin price found support near the $5,970-6,000 area and recovered nicely against the US Dollar.

There is a major contracting triangle forming with resistance near $6,480 on the hourly chart of the BTC/USD pair (data feed from Kraken).

The pair must break the $6,480 and $6,570 resistance levels to gain upside momentum in the near term.

Bitcoin price is showing positive signs above…

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Ethereum Price Analysis: ETH/USD Could Correct To $375-380

Key Highlights

ETH price declined heavily and broke the $375 and $360 support levels against the US Dollar.

There is a short-term declining channel formed with resistance near the $362 level on the hourly chart of ETH/USD (data feed via Kraken).

The pair could correct higher in the short term towards the $370, $375 and $380 levels.

Ethereum price remained in a bearish zone against the US Dollar…

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Ethereum Price Analysis: ETH/USD Plummets, Bearish Below $390

Key Highlights

ETH price fell sharply and broke the $400, $390 and $380 support levels against the US Dollar.

This week’s followed crucial bearish trend line prevented gains near $406 on the hourly chart of ETH/USD (data feed via Kraken).

The pair is currently correcting higher, but it is likely to face sellers near the $380 and $390 levels.

Ethereum price dropped heavily against the US Dollar…

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#recent decline