Bitcoin Price at a Crossroads: Full Retrace or Breakout Above $640?
Despite the fact that volatility picked up early last week on a rally above $615, since the breakout the market has settle back into its old, stagnant ways. We think it is a good sign for the longer term health of the market that price has been able to stay above near term support, however the technical outlook remains unfavorable for now. Bitcoiners got more good news concerning scaling this weekend as the SegWit code has now been fully tested and is ready to deploy in the next Core update (set for mid-November). While we may not see the benefits from it until later this year or early....
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All the way up until around mid-2020, Chainlink was the hottest crypto token around. But once Bitcoin broke above $10,000 months ago, the altcoin’s uptrend against the top cryptocurrency was broken. Following a full 50% retrace of the rally against BTC, Chainlink is now “ready to continue,” according to one crypto analyst. Here’s what that […]
Bulls have taken full control of Bitcoin’s price action, sending the cryptocurrency rocketing up to $40,000 this morning before it faced some resistance It has since retraced slightly but is still looking strong and could be positioned to rally higher in the near-term Each retrace seems to be providing it with fuel for further momentum, which is a sign that bulls are in full control of the mid-term trend Where the market heads next will […]
Bitcoin price rose more than 2% to break out of the narrow trading range which started in early June. Surprised by a sudden rally, short-sellers booked their losses which further fueled the rally past the crucial resistance level of $227. This advance has completely changed the scenario, which had been bearish for some time. Bitcoin now trades at $227.55, and dips can be used to accumulate the cryptocurrency from a short-term trading perspective. Technically, Bitcoin has registered a positive breakout on the 240-minute BTC/USD price chart but sustenance is the key to more gains. Bitcoin....
Bitcoin has been caught in the throes of an immense bullish trend throughout the past several days, with buyers in full control of its price action as the cryptocurrency puts some serious distance between its recent lows. It is important to note that the recent rejection at $23,700 proved to be quite significant for the […]
Ether price finished its price correction. Ether course continued its growth at $10.2 without any down reversal. At the moment the price is at its highest peak. At this point, the long-term direction will be defined. 3 possible course of events with $11.5 level. Breakout and downtrend reversal. Beneficial for:the sellers. They will be gaining profit from it in the long-term because this is the crossing point for the most technical indicators. We saw how influential $11.5 price was earlier this January. The first scenario is that there will be a breakout from the $11.5 price. At the same....