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Bitcoin Price Watch: BTC/USD Must Break $8,300 To Resume Uptrend

Key Points

Bitcoin price is holding an important support at $8,000 against the US Dollar.

There is a significant bearish trend line in place with resistance at $8,300 on the hourly chart of the BTC/USD pair (data feed from Kraken).

The pair must clear the $8,300 barrier to resume its upward move above the $8,500 level.

Bitcoin price is consolidating gains above $8,000 against the US Dollar.…

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Cardano Price Analysis: ADA/USD Upsides Capped Near $0.1700

Key Highlights

ADA price declined further and traded below the $0.1620 support against the US Dollar (tethered).

There is a crucial bearish trend line formed with resistance at $0.1680 on the hourly chart of the ADA/USD pair (data feed via Bittrex).

The pair is under pressure and upsides will most likely be capped by the $0.1650 and $0.1680 levels.

Cardano price is under pressure against the US…

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