Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate as June Kicks Off
Following yesterday’s gains, both bitcoin and ethereum consolidated on Wednesday, as bullish momentum eased. After rallying above $32,000, BTC moved marginally lower during the hump-day session, while ETH once again fell below $2,000. Bitcoin BTC was trading lower on hump-day, as bullish sentiment slightly faded, following yesterday’s price surge. Following a move to a nearly three-week peak of $32,249.86 on Tuesday, BTC/USD dropped to a bottom of $31,286.15 earlier today. This drop comes as bitcoin bulls likely decided to liquidate positions, despite prices climbing over the....
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Following strong gains during Wednesday’s session, bitcoin and ethereum both saw prices consolidate below key resistance levels. BTC remained marginally above $47,300, with ETH trading close to $3,400. The global crypto market cap was 0.48% lower as of writing.
Bitcoin
Bitcoin saw its price consolidate during Wednesday’s session, following strong gains on Tuesday, which saw BTC rise to multi-month highs.
However on Wednesday, BTC/USD fell to an intraday low of $46,746.21, as prices failed to sustain a breakout of the $48,080 ceiling.
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Ethereum classic price started to trade in a range above a support area versus Bitcoin. Can buyers gain strength for a recovery? Key Highlights. Ethereum classic price after a decline against Bitcoin started to consolidate above a major support of 0.0020BTC. Yesterday’s highlighted bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) is still in play and acting as a resistance. There is a minor chance of a recovery in ETC/BTC if the price continues to consolidate above 0.0020BTC. Ethereum Classic Price Support. Ethereum classic price yesterday moved down and traded....
Bitcoin has undergone yet another rally over the past 24 hours, rallying from yesterday’s lows near $13,300 to highs of $14,250. The coin currently trades for $14,100. A key technical indicator, though, indicates that the cryptocurrency may consolidate as the price action cools down. Bitcoin Primed to Consolidate, Or Even Drop: Key Analysis Shows The chart below was shared by an analyst amid Bitcoin’s latest leg higher. It shows BTC’s price action has recently printed […]
Bitcoin continued to trade below $20,000 on Friday, as market sentiment remained mostly unchanged heading into the weekend. The world’s largest cryptocurrency attempted to climb towards this milestone, but declined as it encountered a hurdle on the relative strength index (RSI). Ethereum was also largely unchanged, as markets prepared for the release of U.S. consumer data.
Bitcoin
Bitcoin (BTC) prices continued to consolidate on Friday, as market sentiment remained largely unchanged heading to the weekend.
The token continued to climb towards $20,000 in....
Bitcoin fell below $19,000 on Wednesday, as markets prepared for a potential 100 basis point interest rate hike from the United States central bank. Although the consensus for a rate increase remains at 0.75%, some believe that with inflation remaining at historically high levels, a 1.00% hike could be on the cards. Ethereum remained lower on the news, trading marginally above $1,300. Bitcoin Bitcoin (BTC) fell below $19,000 earlier in the day, as traders began to prepare for today’s Federal Open Market Committee (FOMC) meeting. Market uncertainty remains rife as speculation grows....