The Bitcoin Price has Approached an Important Weekly Support Line
After bouncing off the weekly support level Bitcoin has maintained its positive trend. But one can’t really say that this movement is certain. This doubt is largely caused by the vagueness tied to the current weekly trend. The Next step in the Bitcoin Price Trend. Over the weekend, Bitcoin’s price has been very active. As was previously anticipated, two scenarios have sprung to life on Friday, February 26th. First, there was a breakthrough of the key level at $427 USD. The price largely fortified at this point, but there was some additional growth momentum until $438. However, since it did....
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Key Highlights. Litecoin's price corrected sharply higher this past week, and is following a nice bullish trend line on the 2-hour chart (data feed from HitBTC). As long as the price is above the trend line, there is a possibility of a move towards $4.00-20. There is another support trend line formed on the hourly chart (price feed from Bitfinex), which is helping buyers to take the price higher. Litecoin's price recovered after trading as low as $3.50, and is currently trading above an important support area that holds the key moving ahead. Trend Line Support. Litecoin price slowly....
Bitcoin has slumped 3 percent a day after the short-covering fueled rally ran out of steam. The cryptocurrency which had hit a fresh 2-month low of $221.11 raced to hit an intraday high of $237.66 as a big chunk of short positions unwound near the important floor of $220. Bitcoin is now trading at $228.63. Technically, Bitcoin is grossly oversold considering the daily charts but, if we take a bigger view and study weekly charts instead, we get a very different picture. Below are the technical observations made from studying the weekly BTC-USD price chart. Bitcoin Chart Structure - A look....
Dogecoin Price Key Highlights. Dogecoin price moved lower and broken an important support area around 42.0 Satoshis. A bullish trend line and support area was breached to open the doors for more losses. 0 Satoshis might now act as a resistance, as the 100 hourly simple moving average is also positioned around the stated level. Dogecoin price is under the bearish pressure as sellers managed to take the price below a critical support area. Importance of 100 MA. As highlighted in the weekly analysis there were some signs of relief for the Dogecoin price, but that did not last forever. There....
Bitcoin dived more than 8 percent as it became clear that Greece would do everything to remain in the Eurozone. The Alexis Tsipras-led government has struck a deal with its creditors yesterday, and a Grexit has been more or less ruled out. Post the announcement, Bitcoin fell from our previous observation of $307.87 to a low of $281 but soon trimmed the losses and is now trading at $293.68. Until the support line, drawn in the daily BTC-USD chart above is not violated, bulls will have the upper hand. Bitcoin Chart Structure - As the price approached the support line following the collapse,....
After showing so much strength as the price rallied from $1,024 to a region of $2,000 against tether (USDT) ahead of the anticipated merge, many call for a bull run and a $4,000 Ethereum price at the end of the “Ethereum Merge.” The price of Ethereum has not shown that run it showed in recent months as the price has struggled to break above $1,800. (Data from Binance) Related Reading: Why Cardano (ADA) Could Be Registering Another Decline, Analyst Explains Ethereum (ETH) Token Price Analysis On The Weekly Chart ETH saw a decline in its price from $4,500 to around $1,024, with....