Bitcoin, Ethereum Technical Analysis: ETH Falls Below $3,500, While BTC Conti...
Following recent multi-month highs, BTC continued to consolidate on Monday, as markets marginally fell to start the week. In addition to bitcoin, the current uncertainty in crypto markets also pushed ETH lower, falling below its $3,500 level as a result. Bitcoin BTC was trading in the red to start the week, as the world’s largest cryptocurrency continued to move away from recent highs. Following last week’s high above $48,220, BTC/USD hit a low of $45,839.92 earlier in today’s session. Since breaking out of the resistance last Monday, BTC has struggled to regain....
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The selloff in cryptocurrencies continued to start the week, with bitcoin falling to its lowest level since July. Ethereum was also trading in the red, hitting multi-month lows in the process. This comes as the overall global market cap in cryptos was down close to 9% at the time of writing.
Bitcoin
Bitcoin (BTC), which has been the main focus of the recent decline in crypto prices, was trading 3% lower on Monday (at the time of writing), and almost 20% down from its position at the same time last week.
As of writing, BTC/USD hit an intraday low of $33,184.06 during....
Bitcoin plunged below $30,000 for the first time in eleven months, as bears continued to run rampant in crypto markets. This move came as Luna Foundation Guard was said to be liquidating close to $1.5 billion worth of BTC. Ethereum also fell to multi-month lows, as prices hovered slightly above $2,200. Bitcoin Bitcoin fell for a seventh consecutive session, as markets reacted to the news that the Luna Foundation Guard was to deploy $1.5 billion of BTC, as it hoped to regain its $1 UST peg. The latest decline in BTC/USD saw prices hit an intraday low of $29,944.80 earlier in today’s....
Ethereum price traded towards $6.50. It looks like buyers are in control and if there is a successful close above the $6.50 level, then $7.0 is possible. Intraday Support Level can be $6.30. Intraday Resistance Level may be $6.80. Ethereum price failed to move down, and made a nice bullish move higher. The price moved above the $6.0 level and traded close to the $6.50 levels. The last couple of hourly candles looks impressive and it looks like there are chances of it gaining traction further moving ahead. Yesterday, I highlighted a bullish trend line on the hourly chart (data feed via....
Ethereum dropped below $1,500 on Friday, as cryptocurrency markets fell following earlier gains in the week. Bitcoin was also in the red in today’s session, as the token moved closer to a breakout below $20,000. Overall, the global crypto market cap is down 1.90% as of writing. Bitcoin Bitcoin (BTC) fell lower for a second consecutive day on Friday, as bullish sentiment continued to fade. Following a peak of $21,022 on Wednesday, BTC/USD dropped in back-to-back sessions, with today’s decline sending the price to a low of $20,086.07. Today’s slip in bitcoin comes as USD....