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Bitcoin (BTC) Rally Comes To A Halt As Price Faces Strong Rejection At $4,072

Bitcoin (BTC) is up more than six percent for the day following a bullish EMA crossover on the 4H timeframe. The above 4H chart for BTC/USD shows that the price rallied towards the previous resistance when the 10 EMA crossed above the 21 EMA. As expected, this rally was short lived and the price faced a strong rejection t $4,072. That being said, it has given the bulls more confidence to stage a sustained rally from here after a brief consolidation. This does seem like to be a positive development after a period of aggressive price drops. However, if Bitcoin...

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Ethereum Classic (ETC): A Break Below $4 Might Lead To Significant Downside

Ethereum Classic (ETC) has made a new low by breaking a critical $4.2 support and settling just above $4. It is still likely to remain in the descending channel it has been trading in since July. However, if the price breaks below $4, it is extremely likely to lead to significant downside. A fall to $2.5 from current levels is likely to be a quick one but it might take a lot of time to recover from there. Ethereum Classic (ETC) never been this undervalued in its entire history, but it has taken the fall with Bitcoin (BTC) same as...

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Ethereum (ETH) Cannot Afford A Fall Below $100

Ethereum (ETH) cannot afford a fall below $100 as it is very likely to get out of hands. It is not surprising to see that people waiting on the sidelines had $100 as the ideal target on their minds before they would start buying. ETH/USD has already reached $101 but that’s the thing in times like these, people suddenly begin to count every dollar and cent. Deep down, they think wouldn’t it be nice to see the price drop a little further to say, $92? The problem with an approach like that is that the market does not care about...

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Bitcoin (BTC): Hidden Bullish Divergence Points To Swift Recovery Ahead

Bitcoin (BTC) recently made an attempt to retest the previous low but it has yet to reach all the way down. The price has settled slightly above the previous low and is expected to consolidate there before the upcoming break out. It is pertinent to note that this triangle could break either way but considering that we have had an extensive correction and there is a bullish divergence on the RSI, the probability of a bullish breakout is higher. The 4H chart for BTC/USD shows that the price has been trading in a series of triangles throughout its fall. Just...

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Ripple (XRP) Likely To Resume Downtrend Against Bitcoin (BTC)

Ripple (XRP) has reached the end of the line against Bitcoin (BTC). There is little to no hope for the price to break a historical downtrend against Bitcoin (BTC) just yet. The weekly chart for XRP/BTC shows that Ripple (XRP) has currently reached overbought levels against Bitcoin (BTC). XRP/BTC has already faced rejection at the top of the descending channel and should fall back into the channel anytime now. It is likely that most whales used Ripple (XRP) as a hedge during the recent correction and now that they have no need for it, they are likely to sell their...

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