Bitcoin Broke Above The Multi-Week Resistance; What’s Next
Bitcoin recovered on its chart over the last 24 hours as the king coin surged by 2%. Prices of the coin saw some respite after visiting the $37,000 price level. As broader markets started to recover Bitcoin’s price action moved on a north-bound journey. Currently, Bitcoin’s prices were trading in a tightly consolidated region because the coin did not manage to go past the $39,800 price mark. It is too early to say if the bulls have resurfaced completely in the market. If demand doesn’t recover considerably, then the digital asset could fall back to the $38,000 price....
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Polkadot rose to a multi-week high to start the week, as price increased for a second straight day. The token briefly broke out of a key resistance point, during Monday’s surge. Chainlink also moved to its highest point in nearly two weeks, with the token now trading nearly 13% higher in the last seven days.
Polkadot (DOT)
Polkadot (DOT) was higher for a second successive session, as prices of the token neared a two-week high.
Following a low of $7.21 on Sunday, DOT/USD surged to an intraday high of $7.61 to start the week.
The move saw polkadot....
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Here are the levels we are focusing on for this evening's intraday breakout strategy in the bitcoin price. In this morning’s bitcoin price watch piece, we highlighted a very tight range in an attempt to draw a profit from our breakout strategy on tight volatility. We had in term resistance at 418 flat, and shortly after publication bitcoin broke to the upside through this resistance, and put us long towards an upside target of 421 flat. Shortly after the break, we broke back within range, but managed to avoid a stop loss hit and again broke to the upside. Since this, however, we’ve been....