News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Bitcoin, Ether, Ripple - Prices Continue to Grind Higher | Webinar

Bitcoin, Ether, Ripple - Prices Continue to Grind Higher | Webinar

Nick Cawley, Strategist

Cryptocurrency Prices, News and Technical Analysis

  • Bitcoin continues to lead the way and may continue to out-perform.
  • A period of consolidation may lie ahead as news flows dry up.

Cryptocurrencies Edge Higher but Price Action is Not Wholly Convincing

The early August sell-off has now all but been retraced as Bitcoin leads the market higher in low volume trading. While BTC looks set to push further ahead, other tokens/coins are finding upward momentum difficult to maintain with resistance levels nearing. Ethereum (ETH) and Bitcoin Cash (BCH) both seem stuck in a trading range, while Ripple faces strong resistance 3-4 cents higher.

Next week we will add regular analysis on EOS (EOS), Stellar (XLM) and NEO (NEO) to the five cryptos we currently cover.

Bitcoin (BTC) is currently back above $7,000 and has made eight higher lows in a row, a bullish chart pattern. There seems little in the way of a move back to the July 25 high at $8,481 although it may take time to achieve this target.

Bitcoin (BTC) Daily Price Chart (February – August 29, 2018)

Bitcoin, Ether, Ripple - Prices Continue to Grind Higher | Webinar

We look at Bitcoin, and other cryptocurrencies, at our Weekly Cryptocurrency Webinar every Wednesday.

Cryptocurrency Trader Resources

If you are interested in trading Bitcoin, Bitcoin Cash, Ethereum, Litecoin or Ripple we can help you begin your journey with our Introduction to Bitcoin Trading Guide.

What’s your opinion on the latest market moves? Share your thoughts and ideas with us using the comments section at the end of the article or you can contact me on Twitter @nickcawley1 or via email at nicholas.cawley@ig.com.

--- Written by Nick Cawley, Analyst.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES