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

Bitcoin price is trading nicely above the $13,000 resistance zone against the US Dollar. BTC is showing positive signs and likely gearing for more upsides above $13,200 and $13,500. Bitcoin successfully cleared the $12,800 and $13,000 resistance levels. The price is now trading nicely above the $13,000 handle and the 100 simple moving average (4-hours). […]

Bitcoin price is still consolidating above $25,500. BTC might attempt an upside correction, but upsides might be limited above the $26,200 resistance. Bitcoin is still trading in a range above the $25,500 support zone. The price is trading below $26,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance near $25,950 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could attempt to recover but the bears might remain active near $26,200. Bitcoin Price Stuck In Range Bitcoin price made another attempt to clear the....

Bitcoin price is consolidating above the $26,550 level. BTC could correct higher, but upsides might be capped near the $27,400 and $27,500 resistance levels. Bitcoin is finding bids near the $26,550 level. The price is trading below $27,200 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance near $26,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher, but the bears might remain active near the $27,500 zone. Bitcoin Price Holds Support Bitcoin price started a fresh decline from the $27,500....

Bitcoin continues to slowly push to the upside reaching new yearly highs once again over the weekend, defying the logic of many traders. The bears simply cannot get their claws into the market for the time being, despite severely overbought technicals in what is still a heavy resistance zone. Bitcoin remains embroiled in political infighting over block size, as has become the norm for Bitcoin over the past few years, and the current state of the shorter term technicals do not instill all that much bullish confidence at this time. Having said that, we think the main reason that the market....

Litecoin price traded near $3.40 this past week. However, it found resistance near the stated level and now looks set for a decline. Intraday Support Level can be $3.22. Intraday Resistance Level may be $3.40. Litecoin price after trading as low as $3.10 found support and recovered a few points to trade near $3.40 where it found bears. There is a bearish trend line formed on the 4-hours (data feed via Kraken), which acted as a hurdle for more upsides and prevented gains around $3.40. There was a lot of selling pressure noted around $3.40 since the 61.8% Fib retracement level of the last....