Bitcoin Likely to Hit $11,000 Before $12,000 as Price Hits Key Resistance
Bitcoin is likely to drop towards $11,000 in the coming days, analysts say. The cryptocurrency is likely to do so as it has formed a strong rejection at the $11,400 resistance level, which has been a level of importance for the asset on a short-term and long-term basis. Bitcoin Likely to Drop Towards $11,000 as Key Resistance Holds The analyst that shared the chart below says that Bitcoin will likely hit $11,000 before it rallies […]
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The 2nd arc of the 3rd arc pair has stopped bitcoin price for three days now. The arc is being tested again as these words are being typed. The resistance line drawn in pink is also still holding, but continues to be tested several times a day for the past few days. My belief continues to be that the resistance will fail shortly, though there is always the possibility that the arc resistance will hold and force price lower. However, I tend to think that if that were going to happen it would have happened already. Buying strength seems strong. When/if the arc fails, as I expect, as you can....
Ethereum started a steady increase and cleared the $2,550 resistance against the US Dollar. ETH price is now struggling to climb higher above $2,650 and the 100 hourly SMA. Ethereum gained pace for a move above the $2,500 and $2,550 resistance levels. The price is struggling to settle above $2,600 and the 100 hourly simple […]
Bitcoin price broke out of resistance to surge past the $400 mark. Current outlook puts it at $410-$420 by the end of this week. Bitcoin price just crossed the $400 mark! The digital currency has been struggling between the $370s and $380s for weeks before it could break out of the resistance and surge ahead. The increase in price can be contributed to different factors, starting with people trading their altcoins for bitcoin as altcoin prices are exhibiting a downward trend. Last week ethereum saw an unprecedented increase in value after the price peaked to an all-time high of 0.0171 BTC....
Bitcoin managed to hit $16,000 on Wednesday after repeatedly eyeing the psychological resistance level for weeks.
Bitcoin (BTC) markets rumbled with bullish intent this week, as the bitcoin price advanced 9.3% to $470, the highest level reached 2016. Despite visibly low volumes, a continued uptrend lasted through the week, breaking resistance levels with little to no retracement. Charts show an uncanny resemblance to a pattern that began on Sept. 20 and lasted through October, right before an exponential burst in price to a 15-month high at $504. Price action appears to be gearing up for what might turn out to be a BTC reward-halving bubble! The above four-hour chart shows that, for a while since Apr.....