Bitcoin, Ethereum Technical Analysis: More Crypto Price Uncertainty Heading I...
Bitcoin consolidated on Friday, as prices hovered marginally below the $40,000 level. This comes following a volatile day of trading in which BTC fell to its lowest point since Wednesday. Ethereum also remained slightly above its recent support. Bitcoin Bitcoin continued to trade at high levels of uncertainty on Friday, following a volatile few sessions for the world’s largest cryptocurrency. BTC/USD started the day around the $39,300 region, before falling to an intraday low of $38,347.43, which then was followed by a high of $40,081.68. As of....
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Following a strong start to the week, crypto markets are submerged under a red wave as we head into the weekend. Bitcoin and ethereum are both lower, giving up some of this week’s gains in the process. Bitcoin Bitcoin followed up Thursday’s volatile session with even more uncertainty today, as the world’s largest cryptocurrency was once again falling. Following a rise to $45,101.17 yesterday, BTC/USD fell to an intraday low of $42,864.32 earlier in today’s session, as it appeared that bears were pushing prices towards support. The selloff started after....
Bitcoin moved towards $22,000 to start the weekend, as prices consolidated following Friday’s gains. Price uncertainty has heightened in crypto in the aftermath of recent rallies, which has pushed several tokens towards overbought territory. Ethereum also slipped on Saturday. Bitcoin Bitcoin (BTC) prices fell on Saturday, as price uncertainty in crypto markets continued to heighten following recent gains. The world’s largest cryptocurrency fell by over $1,000 in the past 24 hours, hitting an intraday low of $22,418.08 in the process. Friday saw bitcoin trading at a peak of....
Ethereum price started recovering Intraday against the US Dollar, but it looks like the upside may stall as there is a major resistance around $13.50. Key Highlights. Ethereum price after moving below the $12.00 support area against the US Dollar started recovering. However, the ETH/USD pair is heading towards a major resistance area around the $13.50 level. This week’s highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD is still intact and may act as a barrier for the buyers. Ethereum Price Resistance. Ethereum price ETH after falling close to the $11.30....
Ethereum Price Key Highlights. Ethereum price has been on a downtrend on its longer-term time frames, but it looks like the tides could turn. A double bottom pattern is visible on the 4-hour chart and price is making its way up to test the neckline at 0.0040. Ethereum price could be in for a long-term uptrend if it is able to break past the neckline resistance soon. Technical Indicators In Favor Of the Bulls. The technical indicators on the 4-hour time frame support further gains in ethereum price, as the 100 SMA just crossed above the 200 SMA. This signals that the path of least....
Bitcoin price decided to pick the northbound route, spurred by uncertainty gripping the financial markets so far. Bitcoin Price Key Highlights. Bitcoin price was previously stuck in consolidation but eventually broke to the upside as the US election results are coming in. Risk aversion is clearly favoring bitcoin at the moment, with the US dollar giving up ground as Trump takes the lead. Price could be in for more gains now that bullish momentum has picked up, but technical indicators say otherwise. Technical Indicators Signals. The 100 SMA is still below the 200 SMA on this short-term....