Watch these key technical levels as Bitcoin price nears $61,800 all-time high
Bitcoin broke above $61,000 for the first time since early March and traders are turning bullish. The price of Bitcoin (BTC) has surpassed $61,000 on April 10 for the first time in nearly a month. Following the breakout, traders are starting to look at new levels of resistance and support in the short-term as optimism returns to the market.In the near term, besides the all-time high at around $61,800, there are three key Bitcoin price levels to observe: $61,188, $58,387 and $53,000.BTC_USDT orderbook heatmap (Binance). Source: Material IndicatorsAs long as the price of Bitcoin stays above....
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Shortly before markets closed in the UK yesterday evening, we published our twice-daily bitcoin price technical analysis piece. The piece focused on the levels that we had slated throughout the day as our ones to watch, and suggested that if we saw a break of any of these levels, or a bounce from any of them, we would enter a position accordingly and ride it to one of our targets. Action has now matured overnight, and we are heading into a fresh European session this morning. With this said, what are the levels we're keeping an eye on in the bitcoin price, and the reaching of what levels....
$46,000 is now the next level of interest for traders, while behind the scenes, Terra keeps buying BTC. Bitcoin (BTC) closed in on its highest level of the month on March 25 with traders hoping for an end to months of consolidation.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTerra BTC stash nears $1 billionData from Cointelegraph Markets Pro and TradingView showed BTC/USD cementing recent gains to hit $44,698 on Bitstamp Friday. With that, the pair was under $1,000 away from cracking the monthly high around $45,330.For traders, the yearly open at $46,000 was now of....
A little earlier on this morning, shortly before the markets opened in the UK, we published our bitcoin price watch article addressing how we would response to price reaching certain levels throughout Tuesday's European session. The primary focus of the piece was the sharp decline we saw in the bitcoin price overnight on Monday, and the overarching bearish bias - on both a technical and fundamental level - that this forced us to accept. Now price has matured throughout the European session, and we are about to open on a fresh US afternoon. With this said, what has price action told us....