Why Bitcoin Bulls Must Hold Current Position Or Risk A Drop To $36,000
Bitcoin has now solidified its position in the bull trend. With each recovery trend has come a risk of reversal though, which makes a strong point for bulls to continue to hold the value up. In times like this, a small slip-up can end up being devising for the value of the asset causing it to cascade down into another stretched out downtrend. However, if bulls are able to hold above this point, then bitcoin may well and truly enter into another raging bull market. Why Current Position Is Important For Bulls Bulls need to hold the current position for bitcoin if the digital asset is to....
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Bitcoin’s price action as of late has been rather lackluster, with bulls struggling to hold it above $18,000 as selling pressure mounts Where the crypto trends in the mid-term should depend largely on the continued reaction to the support at $18,000 If the crypto is unable to hold above this level, it could bear witness to some intense selling pressure that sparks a move down towards $17,000 There is some support at roughly $17,600 that […]
Bitcoin price is back now at the mid $30,000 range after a quick plunge below $30,000 support this week. The short lived dip below support finally resulted in a worthwhile bounce, leaving behind a reversal signal that in the past has had god-like results. If crypto bulls can hold at current prices by the time the […]
Bitcoin is currently in a medium-term upward trend. After a continuous flat, the bulls have finally won the advantage. Will that movement become a part of a long-term upward trend? When should we expect a turn to decline? Without forming a turn to decline, Bitcoin’s price has headed towards the upper resistance, where it has fortified and turned to growth. The next significant upper level is $445, that is if the trend’s structure stays intact. The maximum level for a rebound towards the whole upward trend will be at $417. Large trading volumes has accumulated at that level. If the bulls....
Monero has its hands full trying to keep its momentum and rally forward. But, it must first overcome obstacles. As do other tokens. The token is trying to keep up with the upward tilt. Remarkably, XMR price is trying hard to recover and keep up with the pace but it seems XMR is doing a great job as it’s currently on the green and winging it. The daily price chart shows that XMR price is trying to soar upwards. Monero is gaining strides as it shoots up close to the top trendline of the channel. In order for XMR to rebound or go through the target resistance, the coin must maintain its....
Bulls are keen to buy each Bitcoin price dip but is this enough to avoid repeat sell-offs at $19,500? For the second day in a row, Bitcoin bulls have attacked the $19,500 level in an attempt to flip the crucial level from resistance to support. Each attempt to overcome the resistance is has been rejected near $19,550 but Bitcoin’s swift recovery from the Dec. 14 drop to $19,050 shows that investors remain interested in buying every significant dip. Crypto market daily price chart. Source: Coin360At the moment, the general consensus among traders is that flipping $19,500 to support will....