TA: Bitcoin Resumes Slide, Why BTC Could Extend Losses In Short-Term

Bitcoin price is showing bearish signs and trading well below $40,000 against the US Dollar. BTC is likely to extend losses below $34,000 and $32,000 in the near term. Bitcoin failed to settle above $40,000 and it started a fresh decline below $38,000. The price is now trading well below $40,000 and the 100 simple […]

Dogecoin Price Key highlights. Dogecoin price tested the dynamic resistance at the 100 SMA, which was enough to keep further gains in check. The short-term moving average is below the longer-term 200 SMA, indicating that the path of least resistance is to the downside and that further losses are likely. Dogecoin price is resuming its downside momentum, which might gain traction on a break of the previous lows at 47.7 Satoshis. Short-Term Consolidation Break. For now, dogecoin price is finding support around 47.7 Satoshis or the previous lows. A break below this short-term consolidation....

Bitcoin failed to recover above $39,500 and declined against the US Dollar. BTC remains at a risk of more losses and could even test $35,000. Bitcoin struggled to recover above the $39,500 and $40,000 resistance levels. The price is trading below $38,000 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $38,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses below the $36,000 level in the near term. Bitcoin Price Remains At Risk Bitcoin price attempted an upside correction above the....

Bitcoin price failed to stay above $60,000 and started a fresh decline against the US Dollar. BTC could extend losses below $55,000 in the near term. Bitcoin started a fresh decline from the $61,000 resistance zone. The price is now trading below $58,000 and the 100 hourly simple moving average. There is a key bearish trend line with resistance near $58,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses below $55,500 and $55,000 in the near term. Bitcoin Price Gains Bearish Momentum Bitcoin price attempted a recovery wave above the $60,000....

Bitcoin price started a major downside correction and it traded below $55,000 against the US Dollar. BTC is showing a few bearish signs and it could extend losses towards $52,000. Bitcoin started a major decline and it broke the $58,000 and $55,000 support levels. The price is now trading well below $58,000 and the 100 […]