Bitcoin, Ethereum Technical Analysis: Strong Dollar Pushes BTC Below $19,000
Bitcoin was once again trading under $19,000, as the U.S. dollar moved to a one-week higher versus several G7 currencies. Friday’s move saw the token fall to a key support point in the process. Ethereum was also in the red in today’s session, as prices fell for a fourth straight day. Bitcoin Bitcoin (BTC) was back in the red on Friday, as the U.S. dollar continued to strengthen versus several G7 currencies. Following a high of $19,315.20 during Thursday’s session, BTC/USD slipped to an intraday low of $18,945.48 earlier today. The move pushed prices of the token....
Related News
Ethereum has started to show signs of life again after weeks of muted price action, but one analyst believes the current move is only the beginning of something much larger. This inclination is based on a technical setup built around a hidden inefficiency zone after the Ethereum price recently broke above $4,500. The technical analysis shows that the unfilled gap may be the first waypoint in a recovery that eventually pushes the ETH price to five figures above $10,000. The FVG Zone Now Acting As A Magnet Technical analysis done by crypto analyst Crypto Patel laid out a path to where the....
Bitcoin fell below $24,000 in today’s session, as prices collided with a key resistance level. Following a strong start to the week, crypto markets were mostly in the red, with the global market cap down 2.98% as of writing. Ethereum was also trading lower, moving close to a breakout below $1,700. Bitcoin Following a strong start to the week, bitcoin (BTC) was trading in the red on Tuesday, as crypto markets were overcome with bearish sentiment. BTC/USD rallied to an intraday peak of $24,203.69 on Monday, however it dropped to a bottom of $23,372.91 earlier today. Today’s....
Ethereum price managed to move above the $10.30 resistance against the US Dollar, which is a positive sign for the ETH/USD buyers in the near term. Key Highlights. ETH price moved higher recently against the US Dollar, and traded close to the $10.55 level. Yesterday’s highlighted bearish trend line on the hourly chart of ETH/USD (data feed via SimpleFX) was broken at $10.25-10.30 for an upside move. The price is now back lower, but may find support near $10.30-10.25. Ethereum Price Resistance. Yesterday, we saw how ETH price was struggling to clear the $10.25-10.30 resistance against the....
Bitcoin has started this week on a very strong note as it raced higher to $247.53, on course to its highest closing in over a month. In the previous Bitcoin price technical analysis Mixed Technicals, we discussed how a couple of technical indicators were showing divergences from the other two. Well, currently, all of them are displaying much stronger readings. Bitcoin is trading at $247.53, after hitting a monthly high of $248.50. Even though Bitcoin is in a strong uptrend, let us review the latest technical indications to look for factors that may hamper the bullish mood. Bitcoin Chart....
Ethereum price after a minor dip yesterday against the US Dollar found support, and ETH/USD currently looks set for more upsides in the near term. Key Highlights. ETH price after trading as low as $10.28 against the US Dollar yesterday started a recovery. There was a bearish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which was broken to open the doors for more gains. The price bounced from a perfect technical support area, suggesting the price may gain further. Ethereum Price Bullish Move. ETH price after trading as high as $11.35 started a correction phase....