Analysis

MrBitcoin June 14, 2019

Bitcoin price extended gains recently and broke the $8,100 and $8,200 resistances against the US Dollar. The price seems to be setting up for more gains above the $8,300 resistance area. There is a crucial bullish trend line forming with support near $8,140 on the hourly chart of the BTC/USD pair (data feed from Kraken). […]

MrBitcoin June 12, 2019

Bitcoin price recovered recently above $7,900 and $8,000 against the US Dollar. The price failed to stay above $8,000, formed a swing high at $8,080, and recently declined below $7,900. There is a key breakout pattern forming with resistance near $7,940 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair […]

MrBitcoin May 20, 2019

Ripple price formed support near the $0.3610 level and recently recovered against the US dollar. The price traded towards $0.4300 and it is currently correcting lower towards $0.3900. There is a short term rising channel forming with support near $0.3950 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is […]

MrBitcoin May 6, 2019

Ripple price struggled to gain bullish momentum and declined below $0.3000 against the US dollar. The price is currently trading below key supports and it could extend losses below $0.2940. There is a short term bearish trend line forming with resistance near $0.2980 on the hourly chart of the XRP/USD pair (data source from Kraken). […]

MrBitcoin April 18, 2019

Ripple price gained bullish momentum and broke the $0.3265 and $0.3300 resistances against the US dollar. The price even climbed above the $0.3350 resistance level to move into a positive zone. This week’s highlighted key bearish trend line was breached with resistance near $0.3288 on the hourly chart of the XRP/USD pair (data source from […]

MrBitcoin March 18, 2019

Bitcoin price climbed higher towards the $4,040 level before correcting lower against the US Dollar. The price declined below $4,000 and tested the key $3,940 support area. Recently, there was a break above a connecting bearish trend line with resistance at $3,970 on the hourly chart of the BTC/USD pair (data feed from Kraken). The […]

MrBitcoin March 7, 2019

ETH price corrected a few points, but dips remained supported above the $134 level against the US Dollar. The price is slowly grinding higher towards the $139-140 resistance area and it is likely to surpass it. There is an ascending channel in place with support at $136 on the hourly chart of ETH/USD (data feed […]

MrBitcoin February 21, 2019

Ripple price stayed above the $0.3200 support level, with a positive bias against the US dollar. This week’s followed key bullish trend line is in place with support near $0.3250 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must stay above the $0.3250 and $0.3220 support levels to avoid […]

MrBitcoin February 7, 2019

Ripple price extended losses and tested the $0.2840-0.2850 support area against the US dollar. There is a major bearish trend line in place with resistance near $0.2920 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently correcting higher, but it is likely to face sellers near $0.2920, $0.2960 […]

MrBitcoin February 1, 2019

The US national debt now stands at $21.974 trillion, a 10% increase since President Donald Trump took over the oval office. And according to Jake Chervinsky, bitcoin is just the needle people need to pop the debt bubble. Fed Chair Jerome Powell, talking about the $22 trillion US debt: “I’m very worried about it, but […]