TA: Bitcoin Trim Losses, Why Bulls Need To Overcome $32.5K For More Upsides

TA: Bitcoin Trim Losses, Why Bulls Need To Overcome $32.5K For More Upsides

Bitcoin price started a strong upward move from the $29,250 support zone against the US Dollar. BTC must settle above $32,000 and $32,500 for more upsides in the near term. Bitcoin started a strong increase above the $30,000 and $31,000 resistance levels. The price is now trading well above $31,000 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $31,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct gains, but the bulls are likely to remain active near $31,200. Bitcoin Price Surges....


Related News

Ripple (XRP) Price Turns Red: Indicators Suggest Upsides Likely To Remain Capped

Ripple is down 5% and it broke the key $0.2380 support zone against the US Dollar. XRP price is currently consolidating losses and upsides are likely to remain capped. Ripple started a major decline below the $0.2440 and $0.2380 support levels against the US dollar. The price is down 5% and it is now trading […]

TA: Bitcoin Extends Rally, Why Bulls Remain In The Driver’s Seat

Bitcoin price rallied over 6% and it broke the $17,500 resistance against the US Dollar. BTC is consolidating gains and it seems like the bulls are aiming more upsides above $18,000. Bitcoin extended its rise above the $17,200 and $17,500 resistance levels. The price traded to a new monthly high at $17,895 and settled above […]

Bitcoin Posts “V-Shaped Recovery” as Bulls Erase Overnight Losses: What’s Next

Bitcoin just posted another shocking price movement, with the cryptocurrency’s latest rejection at $19,800 sending it as low as $18,300 this morning before bulls stepped up and reversed its downwards momentum. This caused the cryptocurrency to erase nearly all of the losses that came about due to this recent movement, with buyers once again targeting […]

Bitcoin Could be Coiling Up for a Massive Push Higher as Bulls Take Control

Bitcoin’s recent underperformance against altcoins came to a swift end today, with bulls allowing the crypto to rocket higher while bears struggle to slow its ascent The cryptocurrency is now in the process of erasing much of its recent losses, with bulls targeting further upside This rally has taken the wind out of many altcoins’ […]

Technicals Indicate Bitcoin Bears Are Likely To Protect Upsides Above $10,600

Bitcoin price started consolidating losses after a sharp decline to $10,300 against the US Dollar. BTC is likely to face a lot of hurdles near $10,550, $10,600 and $10,650. Bitcoin is slowly recovering higher from the new weekly low at $10,302. The price is still below the $10,550 resistance and the 100 hourly simple moving […]