Tag Archives: Pressure

Ethereum Classic Price Technical Analysis – ETC/USD Under Pressure

Key Highlights Ethereum classic price declined recently and traded below the $26.00 support area against the US Dollar. There is a major bearish trend line forming with resistance near $27.50 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair traded as low as $24.01 recently and it is currently correcting […]

Bitcoin Shorts Retreat in Sign Selling Pressure Could Be Easing

Bearish investors in bitcoin have started to cover their short positions, suggesting selling pressure may be waning after concern over the cryptocurrency’s future wiped out some $38 billion in value in the past week. Short positions on Bitfinex — the world’s second-largest cryptocurrency exchange — were at around 9,300 bitcoins ($59 million) on Monday, according to […]

Bitcoin’s price bubble will burst under government pressure | Kenneth Rogoff | Technology

Is the cryptocurrency bitcoin the biggest bubble in the world today, or a great investment bet on the cutting edge of new-age financial technology? My best guess is that in the long run, the technology will thrive, but that the price of bitcoin will collapse. If you haven’t been following the bitcoin story, its price […]

Bitcoin OTC Service Suspends Trading Citing China Pressure

BitKan, a over-the-counter (OTC) trading service for cryptocurrencies in China, announced today that it will suspend its OTC operations amid growing scrutiny from regulator, a notable development given rumors that OTC markets may be excluded from a possible ban. In the news post, BitKan said that it would suspend the trading service beginning at 12:00 […]

Ethereum Price Being Tanked by Selling Pressure: Ethereum Analysis – Prediction Sep 10

A down-flow continuation experience could await Ethereum price against US Dollar as it is being shot with selling pressure. Resistances being formed at $320 will be pushing the price even lower. Major Points A very struggling road because of the market pressure against the US Dollar for Ethereum to climb back up. Very important resistance […]

Ethereum Price Weekly Analysis – ETH/USD Under Pressure

Key Highlights ETH price fell from the $393.56 high and currently remains under pressure against the US Dollar. There is a major contracting triangle pattern with resistance at $320.00 forming on the 4-hours chart of ETH/USD (data feed via SimpleFX). The pair is likely to break the $296 level and extend declines in the near […]

Ethereum Price Technical Analysis – ETH/USD Under Pressure

Key Highlights ETH price fell hard and traded below the $300 handle against the US Dollar. There are two bearish trend lines forming with resistance near $320 on the hourly chart of ETH/USD (data feed via SimpleFX). The price might correct higher, but likely to face sellers near $300, $320 and $330. Ethereum price made […]

Bitcoin Cash Price Technical Analysis – BCH/USD Under Pressure

Key Points Bitcoin cash price corrected higher but failed to break the $650 resistance against the US Dollar. There is a new descending channel pattern forming with resistance near $630 on the hourly chart of BCH/USD (data feed from Kraken). The price has to break above $630 resistance and the 100 hourly simple moving average […]

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