After A Needed Break, The Bitcoin Price Still Has Gas In The Tank
What’s been behind the recent dips in the price of bitcoin, and what might the future potentially hold?Navigating the stormy seas of the bitcoin markets can be a challenge. Luckily, Bitcoin uses a publicly available blockchain that contains valuable information about all transactions that were ever made on the network. By combining this on-chain data with other price and market data, bitcoin holders are more equipped to understand why its markets behave the way that they do, giving them tools to make more informed decisions or the confidence needed to keep sailing. This article is the....
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Bitcoin price traded below 100 SMA (H4 chart) recently, which is acting as a resistance now. A break above it is needed for BTC/USD to gain momentum. Bitcoin price traded a few points higher this past week, but it struggled once again to break the $425-30 resistance area and started to move down. During the downside drift BTC/USD broke the 100 simple moving average (H4 chart), which can be considered as a crucial break. However, the price found support near a bullish trend line on the 4-hours chart (data feed from Bitstamp) of BTC to USD. There was a sharp reaction noted around the trend....
Key Highlights. Dogecoin price continued to consolidate in a range as highlighted yesterday and waiting for a break in the near term. 0 Satoshis is still a major support area which holds the key for the next move. On the upside, a break above 68.0 Satoshis is needed for buyers to take control. Dogecoin price looks set for the next move, but it needs a break either higher or lower to gain momentum. Upside Break? As mentioned in yesterday's post that the Dogecoin price spiked two time above 80.0 Satoshis, but failed to sustain gains and started a consolidation phase. There is a major support....
Ethereum price traded higher intraday, and looking at the current technical indicators it looks like it may trade further higher. Key Highlights. Ethereum price managed to move higher against the US Dollar and broke a major resistance area. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD was broken during the recent upside ride. The price is now above the 100 hourly simple moving average, which is a positive sign for the bulls. Ethereum Price Buy. Ethereum price ETH surged higher against the US Dollar and posted a critical break intraday (as....
Ethereum price may gain further in the short term. ETH bulls have to break the 100 SMA resistance area for a move towards $10.50. Ethereum price ETH gained traction recently against the US Dollar and managed to climb above a major resistance area of $8.50. During the upside move, ETH/USD also broke a bearish trend line on the 4-hours chart (data feed via Kraken) to set the pace for more gains. However, the upside was stalled near the 100 simple moving average (H4 chart), which is currently acting as a barrier and preventing gains. If the price has to gain more strength, then ETH bulls have....
“Bitcoin will always be the gold, Ethereum will always be the silver,” said the Shark Tank star. Amid the price of Ether reaching an all-time high this week, businessman Kevin O'Leary still believes Bitcoin will stay on top of the token.Speaking to CNBC yesterday, the Shark Tank star said Ether (ETH) was "always going to be number two" to Bitcoin (BTC) despite the token reaching an all-time high price of more than $2,600 at the time of the interview, and more than $2,700 at the time of publication. The price of Bitcoin, on the other hand, has been volatile in April, rising to a new....