Bitcoin, Ethereum Technical Analysis: BTC Continues to Consolidate, Despite E...
Bitcoin and ETH were once again consolidating to start the week, despite bullish comments from Elon Musk. In a tweet earlier today, Musk said: “I still own & won’t sell my Bitcoin, Ethereum or Doge.” Although prices marginally rose, they remain close to recent support levels. Bitcoin The world’s largest cryptocurrency rebounded from its support level to start the week, however it still remained below $40,000. Following a low of $37,680.73 on Sunday, BTC/USD has so far risen to an intraday high of $39,234.62 on Monday. Today’s high comes as markets....
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Ethereum classic price started to trade in a range above a support area versus Bitcoin. Can buyers gain strength for a recovery? Key Highlights. Ethereum classic price after a decline against Bitcoin started to consolidate above a major support of 0.0020BTC. Yesterday’s highlighted bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) is still in play and acting as a resistance. There is a minor chance of a recovery in ETC/BTC if the price continues to consolidate above 0.0020BTC. Ethereum Classic Price Support. Ethereum classic price yesterday moved down and traded....
Following strong gains during Wednesday’s session, bitcoin and ethereum both saw prices consolidate below key resistance levels. BTC remained marginally above $47,300, with ETH trading close to $3,400. The global crypto market cap was 0.48% lower as of writing.
Bitcoin
Bitcoin saw its price consolidate during Wednesday’s session, following strong gains on Tuesday, which saw BTC rise to multi-month highs.
However on Wednesday, BTC/USD fell to an intraday low of $46,746.21, as prices failed to sustain a breakout of the $48,080 ceiling.
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Bitcoin moved away from Tuesday’s lows during the hump-day session, as prices were once again above $30,000. Prices have been hovering above and below this level over the last few weeks, with no significant gains in the period. ETH was also marginally higher. Bitcoin The volatility in crypto markets was once again present during Wednesday’s session, as BTC moved marginally higher. Over the last few weeks, bitcoin has continued to hover above and below the $30,000 mark, with prices once again making this move today. Following a low of $29,445.88 on Tuesday, BTC/USD spiked to....
Bitcoin has undergone yet another rally over the past 24 hours, rallying from yesterday’s lows near $13,300 to highs of $14,250. The coin currently trades for $14,100. A key technical indicator, though, indicates that the cryptocurrency may consolidate as the price action cools down. Bitcoin Primed to Consolidate, Or Even Drop: Key Analysis Shows The chart below was shared by an analyst amid Bitcoin’s latest leg higher. It shows BTC’s price action has recently printed […]
Bitcoin was marginally higher to start the weekend, as bulls were able to fight through Friday’s volatility. Prices of the world’s largest token rose above $22,000 earlier in the session, whilst ETH continues to trade above $1,200. Bitcoin BTC was trading marginally in the green on Saturday, as prices of the token rose above $22,000 earlier in today’s session. Following a low of $21,257.45 on Friday, BTC/USD rose to an intraday peak of $22,010.64 to start the weekend. The move saw bitcoin again attempt to break out of its resistance level at $22,070, however like in....