Bitcoin price analysis: BTC/USD under pressure, but Fundstrat’s experts believe the worst is over

BTC/USD failed to break Andrew’s pitchfork upper line in a sustainable way. Rob Sluymer from Fundstrat thinks long-term recovery is coming. Bitcoin is trading at $6,680 at the time of writing, down 1.6% on Friday. The price broke below $6,700 handle during early Asian hours with no fundamental trigger readily identified. According to Rob Sluymer, technical strategist at Fundstrat […]

Bitcoin Cash Technical Analysis: BCH/USD hits another top just above the $900 level, price saved by a demand zone, range breakout is pending

The Bitcoin Cash price was seen nursing losses of over 2.5% in the session on Thursday, after the price failed again to sustain the $900 mark. Supply zone has proven to be heavy between $905-915, as seen over the past few sessions.   BCH/USD 60-minute chart Spot rate:                    867.1 Relative change:         -2.85% High:               […]

NEO Price Analysis: NEO/USD breaks below critical near-term support, neckline of head and shoulders pattern breached by the bears bite

NEO/USD breaks a critical near-term support, neckline of a head and shoulders pattern formation. Next downside target for NEO/USD seen at $35.75, the 13th June low and touted demand zone.   The NEO price was seen down over 3% on Thursday, one of the session’s underperformers. This comes as the cooling in prices across the market […]

Litecoin Technical Analysis: LTC/USD bulls looking to storm back ahead towards $100, after receiving vital support at session low of $95.87

Litecoin nursing small losses in the session on Thursday of just over 1%, but upside could be pending. After receiving support at the sessions low of $95.87, bulls eyes are on a return to $100 area.   LTC/USD 60-minute chart   Spot rate:                    528.72 Relative change:         -1.41% High:                            545.30 Low:                             525.57   […]

Ethereum Technical Analysis: ETH/USD heading back down south, eyes will be on to see if ascending trend line can prevent another large drop

Ethereum price is seen down on Thursday, nursing losses of around 1.30%. ETH/USD bears are pressing the price down to a key near-term supporting trend line.   ETH/USD 30-minute chart   Spot rate:                    528.72 Relative change:         -1.41% High:                            545.30 Low:                             525.57   Trend:                          Bearish   Support 1:                   525.15, 38.2% (support on […]