Bitcoin and Ethereum hit resistance with $42.5K flip needed for BTC longs
One analyst says he is “not interested at all” in trading current levels as clear long-term resistance stays in play for both cryptocurrencies. Bitcoin (BTC) and Ether (ETH) are due for a “huge” move, but short-term signals suggest a correction, an analyst warned on Friday.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBuy into resistance? “Not interested”Data from Cointelegraph Markets Pro and TradingView showed both BTC/USD and ETH/USD acting near critical range resistance as the week drew to a close.A late surge the day before punctuated an overall downtrend after swift....
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Ethereum and the entire crypto market has faced some weakness throughout the past couple of days Although both BTC and ETH are trading well above their recent lows, it is important to note that bears are in the process of reversing yesterday evening’s gains This downtrend could prove to be bearish for ETH, as the crypto has been unable to flip a key resistance level into support This comes as it ventures into what one […]
Ethereum has seen a strong performance in the past 24 hours. The coin has reached its highest price in days as it moves to $360. While this is bullish price action, Ethereum printed a number of wicks above the current price. This important as above ETH’s current price is an important horizontal resistance. Ethereum failing to surmount this level and flip it into support exposes the coin to a drawdown, analysts say. Bitcoin may end […]
Ethereum has continued seeing lackluster price action while Bitcoin rallies past its critical short-term resistance The crypto is on the cusp of flipping its $390 resistance, however, which could give it freedom to rally significantly higher in the short-term One trader is now noting that a surge up towards $432 could be in the cards if ETH can break above its short-term resistance level This would be a significant rally that potentially puts a firm […]
A second run on the $42,000 mark comes amid demands for $41,000 to become support to secure bullish continuation. Bitcoin (BTC) zoned in on a multi-week high for the weekly close on Feb. 6 as a calm weekend helped fragile sentiment.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin should flip $41,000 to support Data from Cointelegraph Markets Pro and TradingView followed a mercifully non-volatile weekend for BTC/USD, which continued to test $42,000 resistance while retaining $40,000 as support.Friday's unexpected gap upward initially resulted in misgivings over a price....
Ethereum has seen some mixed price action as of late, with the cryptocurrency mainly taking its cues from Bitcoin This has caused it to struggle to gain any serious momentum, with its price being stuck within the mid-$1,200 region throughout the past few days The selling pressure at $1,300 has catalyzed a strong rejection in […]