Bitcoin’s Latest Leg Higher Brings It Above a Crucial Macro Level
After bottoming at $10,200 earlier this month, the cryptocurrency has ripped higher. Bitcoin now trades just shy of $12,000. Bitcoin will need to close above $11,828 on a weekly time frame if it is to confirm its macro bullish trend Bitcoin Crosses Pivotal Macro Level Bitcoin has pushed strongly higher over the past two weeks. After bottoming at $10,200 earlier this month, the cryptocurrency has ripped higher, as it now trades just shy of $12,000. […]
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Ethereum has been closely tracking Bitcoin’s price action throughout the past couple of days This has caused it to see a notable selloff, with bulls and bears now reaching an impasse as it trades just above its crucial $380 support level A continued defense of this level is key if bulls want to fuel a move higher in the near-term One analyst is now noting that the cryptocurrency’s macro outlook is ultra-bullish despite the recent […]
Bitcoin has undergone a strong rally over recent months from the March lows to $12,500 at the August highs. Not everyone is convinced that the crypto’s macro trend is positive, though. They point to the fact that Bitcoin has yet to firmly establish itself above $11,500 and $12,000. Those two levels have been of technical importance on a macro time frame since the 2017 highs. Three crucial reasons, though, suggest that Bitcoin’s macro trend is […]
Ethereum topped out dramatically in August when it hit $490, then crashed. The coin currently trades for $370, 25% below those highs. Analysts think that Ethereum could soon shoot higher as the macro trend remains bullish. ETH will need to hold a crucial support level in the $300 range, then decisively surmount the year-to-date highs around the high-$400s. Institutions are getting bullish alongside technical analysts. Grayscale Investments recently revealed that it has accumulated 2% of […]
Ethereum’s price is moving higher today alongside that of Bitcoin and the rest of the crypto market. This latest push higher has allowed ETH to re-surmount its crucial $380 level – which is the price that has determined several trends throughout the past few months. Bulls must now move to build support at this level, […]
Early in September, Bitcoin underwent a strong reversal that brought the coin to $9,800 from $12,500. The drop marked a crucial rejection of the $12,000 horizontal level on a weekly basis. There are some analysts that flipped bearish after Bitcoin formed that pivotal rejection. BTC is still in a positive spot on a macro frame, though, some have said. They point to how Bitcoin held the critical lows at $10,000s. $10,000 is a crucial psychological […]