Bitcoin Price at a Critical Weekly Level
This week, the BTC/USD price has approached a turning point. What will happen next - the continuation of the upward trend or a downswing? Starting on February 22nd, a downward movement started forming which could potentially break the continuous upward trend that started back on the fourth of this month. This movement was supported by almost all fiat currencies, thus creating an environment for further decline. It is worth noting that a more pronounced BTC/USD trend has started as of February 23rd, when the NZD/USD and CAD/USD pairs joined the overall pattern. Among the reasons which could....
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It's all about what happens to Bitcoin price action by the end of the week as $1,000 swings up and down remain. Bitcoin (BTC) briefly fell below $42,000 on Sept. 25 as the weekend looked set to deliver an unimpressive weekly close.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader: Bitcoin "fine" above $38,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD losing $1,000 in just over an hour during Saturday before rebounding.The weekend had started with the pair at around $43,000 — a critical level some say should hold as the weekly close looms.Others argue....
Key Highlights. Bitcoin price surged higher and moved above a few critical resistances as there were inflows noted for the digital currencies due to the risk off sentiment. The price is well above the 100 simple moving average on the 4-hours chart, which is a positive signal. Bitcoin inflows suggest that the digital currencies started taking advantage of the risk off sentiment. A gold alternative approach? We stated in the previous weekly analysis suggested that the Bitcoin price might trade higher and clear an important hurdle around 250.00 to surge higher. There was a clear break above a....
Ethereum price was under a lot of bearish pressure against the US dollar, and currently the bulls are fighting around a major support. Key Highlights. Ethereum price declined heavily versus the US Dollar, but currently trading near a crucial support. There is a critical bullish trend line formed on the daily chart of ETH/USD (data feed via SimpleFX), which may stop the downside going forward. The 100-day simple moving average is also on the downside to act as a support area. Ethereum Price Trend. Ethereum price ETH after staying above the $13.00 level against the US Dollar for some time,....
Yesterday, there were a couple of attempts by sellers to take Litecoin price down, but they failed. As a result, buyers stepped in and took the price higher. The most important point was the fact that the price managed to climb above a few critical resistance levels. First, there was a major bearish trend line on the hourly chart via the data feed from Bitfinex, which was broken during the upside drift. Moreover, the price also closed successfully above the 100 hourly simple moving average. A new weekly high was formed near $3.64 where the upside was stalled. There is a chance that the....
Ethereum has been struggling to garner any technical strength in the time following its dip below $380 This is a critical level that has determined its trends in the past, and the break below it is quite bearish Where the entire market trends next will likely depend on Bitcoin, but any near-term BTC downside could force ETH below a critical support level It is currently trading just a hair above this level, and one analyst […]