Bitcoin price passes $32K with traders wary of 'relief rally' if resistance s...
Bitcoin may not be able to make good on its Bank of America pump if its daily close fails to impress. Bitcoin (BTC) passed $32,000 later on July 16 as positive reactions over Bank of America's (BoA) Bitcoin futures go-ahead continued.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin nears $32,300 point of interest Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rising 1.4% on the day to hit new local highs of $32,150 on Bitstamp.The pair saw an abrupt reversal of trajectory on the BoA announcement, having previously tested $31,000 support repeatedly....
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Bitcoin has seen a strong push higher today that allowed its price to break above the key $19,000 level that has been so pivotal for its price action This rally came about after a period of weakness that caused the crypto to plunge as low as $17,600 The selling pressure seen around its current price […]
SOL price trades below 50 and 200 EMA on the daily timeframe despite showing some relief strength. SOL rally caught short as BTC price continued to range. The price must hold $30 support or face a drop-down to a weekly low. The price of Solana (SOL) has recently shown some bullish strength, but it has struggled to break above key daily resistance against tether (USDT). Solana (SOL) prices have continued to fluctuate as bulls and bears play chess with SOL. SOL’s lack of bullish strength has left many traders and investors perplexed as to where it might go next. (Data from Binance)....
Bitcoin and altcoins are in a strong relief rally, but overhead resistance levels and expected comments from the Federal Reserve could impact the recovery. Bitcoin (BTC) and most major altcoins have bounced off their strong support levels but could the rally sustain to the extent that traders feel confident that a bottom in place? Bloomberg Intelligence senior commodity strategist Mike McGlone said that Bitcoin’s price is “about 30% below its 20-week moving average,” roughly at the same position, which had led to bottom formations in March 2020 and July 2021.Although Bitcoin has corrected....
BTC price trades below 50 and 200 EMA on the daily timeframe despite showing some relief strength. BTC rally caught short as price continued to range. The price of BTC must close above $21,500 ahead of the monthly close as bulls sweat over price movement. The price of Bitcoin showed strength as Bitcoin (BTC) bounced from its weekly low of $18,500 after the increase in interest rate affected its price negatively. The price of Bitcoin has since struggled to regain its bullish run. It has to a region of $25,000 with the monthly candle just a few hours away from closing. Many traders and....
Rune could be set for a relief bounce despite having difficulty breaking the daily resistance. The crypto market saw a setback in price after Bitcoin (BTC) saw a retracement back to a key support area leading to a drawback to the likes of Rune, but the market state indicates Rune could be set for a rally. Rune Weekly Chart Analysis The price of Rune has seen a continuous downtrend from a high of $12 to a low of $1.6 in weeks for what seems to be more than an 80% decline. After finding a low at $1.58, it has started making a move with buyers stepping in; Rune has formed strong support at....