Bitcoin Reaches a Critical Junction; What Analysts are Watching For

Bitcoin Reaches a Critical Junction; What Analysts are Watching For

It has been a wild past few weeks for Bitcoin and the crypto market, with the benchmark cryptocurrency posting massive gains while the rest of the market also shows continuous signs of strength Altcoins are beginning to take the spotlight as BTC’s rally begins stalling, with the selling pressure at $19,000 slowing its ascent while Ethereum and smaller altcoins all rocket higher Where BTC trends in the near-term will depend entirely on its continued reaction […]


Related News

Bitcoin Reaches Critical Resistance Zone; Will It Spark a Bearish Reversal?

Bitcoin’s price saw a notable rebound today that allowed it to recover from an overnight dip and rally to fresh local highs within the $11,500 region. This push higher is promising because it is finally allowing Bitcoin to confront the crucial resistance it faces between $11,600 and $12,000, which is a resistance zone that analysts […]

Bitcoin’s Rally to $12,000 Driven by Spot Buyers; Futures Remain Short-Biased

Bitcoin is currently approaching the critical $12,000 resistance level that analysts and investors have been closely watching throughout the past few days and weeks. Its rally up to this level has come about throughout the past 24-hours, without any significant catalyst. One interesting trend that has coincided with this upswing is a selloff amongst altcoins. […]

The Pivotal Bitcoin Level Analysts Are Watching as End of September Nears

It’s been quite a boring month for Bitcoin. After plunging around $2,000 at the start of the month, the leading cryptocurrency has entered a tight consolidation range between $10,000 and $11,000, bouncing back and forth between those pivotal technical levels. As of this article’s writing, BTC trades for $10,700, at levels that some analysts have […]

A Drop Under $300 Is the Path of “Least Resistance” for Ethereum

Ethereum could drop even lower than it has over the past few weeks as it faces strong resistance. Analysts say that the crypto asset is vulnerable to a drop under $300 in the coming weeks. The asset is running up against critical resistances around $360-375. The coin will need to surmount this region, then hold it if it is to confirm more upside. Ethereum Could Soon Drop Under $300, Analysts Fear Ethereum is primed to […]

Bitcoin price reaches $14,500, the highest level since January 2018

A lively day of trading amid U.S. election uncertainty sees Bitcoin add to its gains, which took it above the pivotal $14,000 resistance. Bitcoin (BTC) hit $14,500 for the first time since early January 2018 on Nov. 5 as crucial support held at $14,000. BTC price preserves $14,000 supportData from Cointelegraph Markets and TradingView showed Bitcoin’s gains continuing in Thursday trading, amid market tension over the U.S. election result.At press time, highs of $14,560 had appeared on major exchange Bitstamp, with BTC/USD subsequently returning to fluctuate around $14,500 amid volatile....