Bitcoin Price Has Strong Potential To Hit $25,000, Weekly Analysis Suggests
Recently, the market has seen a strong correction due to the Bitcoin price bull run of the past several days. On December 7, 2020, the price hit a low of $19,030.09, which is considered to be a new all-time low. However, the appearance of a double bottom pattern has led to an optimistic outlook on this correction. Bitcoin can rebound, as is now more evident. Obviously, there will be some challenges along the way. The Bitcoin price present momentum is one of the cryptocurrency’s major challenges. The current momentum is merely reversing the past downward trends, thus it may not be....
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The price of Binance coin (BNB) continues to look strong as it holds its support against Tether (USDT) after the Consumer Price Index (CPI) announcement. The CPI tends to provide a gauge as regards inflation in the economy while instigating BTC prices and other altcoins. Related Reading: MANA Bulls May Outsmart The Bears If They Stick To These Support Lines Bitcoin’s (BTC) price saw a pullback from $24,200 to $22,800 despite showing signs of a relief rally but was faced with resistance to breakout. Despite the shake-out, the price of the Binance coin remained strong. (Data feeds from....
The price of Bitcoin (BTC) bounced off its key support against Dollars (USD) after the Consumer Price Index (CPI) announcement in the United States. The metric is used to measure inflation in U.S. dollar and hints at a potential slowdown. Related Reading: TA: Bitcoin Price Takes Hit, Why BTC Remains at Risk of More Losses Bitcoin price saw a pullback from $24,200 to $22,800 despite showing signs of relief rally but was faced with resistance to breakout ahead of CPI news sentiments. (Data feeds from Bitstamp) Price Analysis Of BTC On The Weekly Chart From the chart, the price of BTC saw a....
Despite a strong bullish run in recent months, Helium (HNT) was unable to hold its ground against tether (USDT), with the price falling from an all-time high of $50 to around $5. The recent price increase in Bitcoin (BTC) has had a positive impact on the overall market, as most altcoins continue to show strength, producing more than 100% gains, with Helium (HNT) price also in the picture due to its impressive recovery. (Data from Binance) Related Reading: ApeCoin Breaks Out With Degen Play Activated, Can $7.5 Be The Target? Helium (HNT) Price Analysis On The Weekly Chart The price of HNT....
Ripple surged over 40% and it even broke the $0.4500 resistance against the US Dollar. XRP price weekly chart suggests high chances of more upsides towards $0.6000 and $0.7500. Ripple started a strong surge after it broke the $0.3000 resistance zone against the US dollar. The price even cleared the $0.4000 resistance and settled well […]
Ethereum prices surge from the low of $980 to a high of $1,743 with so much excitement as regards the merge coming up in a few weeks. With the monthly close, there have been high expectations for the Ethereum price to reach a region of $2,000 -$2,400. Ethereum Weekly Chart The Ethereum price surged from the low $1,012 to $1,743 after several weeks of a downtrend. There was a bit of relief bounce from Ethereum haven traded below the 50 & 200 Exponential moving average (EMA). Ethereum, as of writing, is trading at $1,580 after being rejected at $1,722; Ethereum could not break the weekly....