Tag Archives: Technical

Bitcoin is trading in a bearish zone below $9,000 against the US Dollar. BTC price is likely to accelerate lower if it breaks the $8,680 and $8,600 support levels. Bitcoin is declining and trading well below the key $9,100 pivot level. The price is likely to continue lower towards the …

Since the lows that were experienced in March, both Bitcoin and the S&P 500 have been on a steep recovery. The leading cryptocurrency peaked at over 170% from the price of the March lows, while the S&P 500 gained from ~2,150 points to a recent high of 2,950 in dramatic …

Ethereum is showing positive signs above the $202 and $200 support levels against the US Dollar. ETH price is likely to accelerate higher towards the $220 and $225 levels in the near term. Ethereum is trading nicely above the $202 and $200 support levels The price is currently attempting an …

Just weeks ago, Bitcoin’s long-term outlook was anything but bullish. As the macroeconomy started to feel the effects of the coronavirus outbreak, global markets crashed in tandem, leaving no asset classes spared, crypto included. This culminated in the middle of March in a massive liquidation event that saw stocks, commodities, …

Bitcoin is vulnerable to a major correction due to three key technical reasons Source link

XRP has been struggling to surmount the resistance that has been established around the $0.20 for the past couple of days, with the crypto currently entering a bout of consolidation as Bitcoin trades sideways within the lower-$7,000 region. This lackluster trading, however, is unlikely to last for too long, as …

Bitcoin is showing a few bearish signs below the $7,400 resistance area against the US Dollar. BTC price is currently declining and it could extend its weakness towards $7,100 or $6,800. Bitcoin is struggling to clear the $7,400 and $7,500 resistance levels against the US Dollar. The bears are slowly …

Bitcoin has surged by up to 24 percent ahead of closing the week despite the Coronavirus-induced global market sell-off. Nevertheless, the benchmark cryptocurrency could end up losing a large chunk of its gains heading into the new seven-day timeframe. That is because of two bearish indicators. As Bitcoin trends upward, …

Ethereum failed to continue above the $138 and $140 resistance levels against the US Dollar. As a result, ETH price declined below $130 and it is now trading in a bearish zone. Ethereum is down more than 8% and it broke the $128 support against the US Dollar. There was …

Ethereum, like Bitcoin and most other major altcoins, has been firmly caught in a consolidation phase over the past few days and weeks, which has led it to stabilize around $130 as bulls and bears both attempt to take control of the cryptocurrency. One analyst is noting that there are …