Bitcoin price must now hold above these levels to break $60K
It's important for Bitcoin to hold above $50,000 for more upside. Bitcoin’s (BTC) price has been consistently rallying in the past few weeks, reaching its latest new high of around $57,500 on Feb. 20. The week has seen more bullish news such as the first German listed company allocating its cash reserves to BTC as well as the launch of the first Bitcoin ETF in Canada, which traded over $220 million in its debut. Just for a day— Elon Musk (@elonmusk) February 19, 2021 Such news is fueling the price of Bitcoin while Elon Musk has also embraced the latest "laser eye" meme to the joy of....
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The bitcoin price has struggled over the last couple of days, as we have seen a number of sharp breaks of support translate to some downside momentum. However, today, following yesterday's break, action has ranged throughout the majority of the day, and we are now trading just shy of a key level that - if broken - could spark a reversal and finally give us some bullish action in the bitcoin price this evening. That said, if current levels hold, it is likely that overnight we will see a return to the overarching bearish momentum. So, what are the levels that we are keeping an eye on in the....
A little earlier this morning we published our twice-daily bitcoin price watch piece highlighting the levels we were keeping an eye on throughout today session. Action has now matured throughout the day, and - while we are trading at pretty much the same levels as we were when we published this morning's piece, we have seen a certain amount of volatility and some action that suggests we could get a break out a little later on this evening. With this said, what are the levels we are now keeping an eye on, and where will be looking to trade to and from the bitcoin price tonight? Take a quick....
Ethereum is struggling to clear the $360 and $365 resistance levels against the US Dollar. ETH price is showing bearish signs and it could dive below $350 and $345. Ethereum is still facing a heavy resistance near the $360 and $365 levels. The price is currently stuck near the $355 support and the 100 hourly […]
First off, lets say that today's session did not go to plan. In this morning's article, we highlighted what we were looking at as far as key levels was concerned, and suggested how would get into the markets according to these levels. We put in term support at 281.55, and in term resistance at 285.86. At time of publication, both these levels represented the daily low and daily highs respectively. We were trading around mid range when we said that we would look for a break above or below is a level to put us long or short respectively, and we did get a break to the downside, but it did not....
Ethereum classic price managed to break the 0.00205BTC resistance, but failed to gain pace. Can it now hold the broken resistance? Key Highlights. Ethereum classic price started to correct a few points higher this past week against Bitcoin and traded above 0.00205BTC. There is a minor bullish trend line formed on the hourly chart of ETC/BTC (data feed via Simplefx), which is currently providing support. The price is now above the 100 hourly simple moving average, which is a positive sign. Ethereum Classic Price Support. Ethereum classic price was seen trading higher against Bitcoin. There....