Bitcoin Price Holds Strong At $11.2K: A Strengthening Case For $12K

Bitcoin price extended its rise and traded above $24,000 against the US Dollar. BTC is currently correcting lower and it could find a strong support near $23,000 or $22,780. Bitcoin rallied further and it traded to a new all-time high above the $24,000 level. The price is now correcting below $23,500, but it is well […]

BTC’s price shows strength as it bounces from a downtrend range with high volume, aiming for a rally to $21,500. BTC faces a major decision test to trend higher above $21,000 after the price broke out of its downtrend descending triangle price movement. BTC’s price remains strong on the daily timeframe above the 50 Exponential Moving Average (EMA) as the price aims for more rallies. The price of Bitcoin (BTC) has continued to hold strong as price trends toward the region of $21,000 as price faces a key decision ahead of a big move considering how tough breaking these regions....

Ethereum gained pace for a move above the $4,000 zone against the US Dollar. ETH price is showing positive signs ad could rally above $4,200. Ethereum was able to clear the $4,000 and $4,050 resistance levels. The price is trading well above $4,000 and the 100 hourly simple moving average. There was a break above a key contracting triangle with resistance near $3,960 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above $4,000 to continue higher in the near term. Ethereum Price Regains Strength Ethereum formed a base above the $3,900 level to start a fresh....

Bitcoin price is gearing up for a strong break of the $600 level, determining if longer-term gains are in the cards. Bitcoin Price Key Highlights Bitcoin price staged such a strong rally on Friday that it’s ready to attempt a break past the latest highs at $600. If this area holds as resistance, bitcoin price could retreat towards support at $550. On the other hand, a move past $600 could put it on track to test the record highs at $1,200. Technical Indicators Signals The 100 SMA is still above the 200 SMA somewhat after nearly making a downward crossover late last week. This signals that....

Ethereum gained pace and broke the $1,500 resistance zone against the US Dollar. ETH is consolidating gains and might eye more upsides above $1,600. Ethereum is showing positive signs above the $1,500 and $1,520 levels. The price is now trading above $1,520 and the 100 hourly simple moving average. There is a major contracting triangle forming with resistance near $1,560 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rally again if there is a clear move above $1,560 and $1,580. Ethereum Price Eyes Fresh Increase Ethereum gained pace after it broke the $1,400 and....