TA: Bitcoin Could Restart Increase If The Bulls Clear This Resistance
Bitcoin is consolidating above the $20,000 zone against the US Dollar. BTC must clear the $20,800 resistance to restart increase in the near term. Bitcoin corrected gains and tested the $19,800 support zone. The price is now above the $20,000 level and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $20,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $20,550 and $20,800 resistance levels. Bitcoin Price Faces Resistance Bitcoin price failed to gain pace above....
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Ethereum struggled to gain momentum above the $3,200 resistance against the US Dollar. ETH price is correcting gains, but it might find support near $3,030. Ethereum started a downside correction after it spiked towards the $3,240 level. The price is still trading above $3,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $3,160 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above $3,030 and $3,000 to start a fresh increase in the near term. Ethereum Price Remains Supported Ethereum remained well bid....
Bitcoin started a fresh increase from the $28,500 support zone against the US Dollar. BTC must clear $30,600 to move further into a positive zone. Bitcoin formed a base above $28,500 and started a fresh increase. The price is now trading above the $30,000 level and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $30,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if there is a clear move above $30,600. Bitcoin Price Is Facing Resistance Bitcoin price found support near the....
Bitcoin price started a strong increase after it broke the $16,000 resistance against the US Dollar. BTC is up 5% and it is now facing hurdles near $16,500. Bitcoin managed to clear the $16,000 resistance to start another increase. The price is currently trading well above the $16,200 support and the 100 hourly simple moving […]
Bitcoin remained strong above the $29,500 support against the US Dollar. BTC could start a major increase if there is a clear move above the $31,500 resistance. Bitcoin started a fresh increase from the $29,500 support zone. The price is now trading above the $30,000 level and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $31,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a major upward move if there is a clear move above the $31,500 resistance. Bitcoin Price Reverses Losses Bitcoin price....
Bitcoin is attempting an upside break above the $38,800 resistance zone against the US Dollar. BTC could rally further unless it fails to stay above $37,400. Bitcoin started a fresh increase and was able to clear the $38,000 resistance zone. The price is now trading above $37,500 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $37,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if there is a clear move above the $38,800 resistance zone. Bitcoin Price Starts Fresh Increase....