Bitcoin Weekly Rally Imminent?
Bitcoin bulls have staged a much-needed, strong comeback and bears are scampering for cover. Bitcoin is now trading at $292.71, comfortably above the previous resistance zone of $280-285. Investors can expect to see more gains in the cryptocurrency, which looks poised to cross $300 soon, and register a positive weekly close. For long, the Bitcoin market had been consolidating sideways while the underlying mood remained positive. Various momentum and strength indicators, including MACD and RSI, had been indicating bullish bias in the digital currency. Several technical factors also lend....
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Chainlink is now trading at half of the price it was at just months ago, after entering price discovery mode and setting new high after high. If the once-unstoppable altcoin cannot close this week’s candle above $11 per LINK token, then its price could sink a lot further instead. Why Chainlink’s Weekly Close Is Its […]
Chainlink may have rebounded with a record-breaking single-day rally, it did so after a 60% fall from its all-time high set just over a month ago. A key indicator measuring momentum has flipped bearish on weekly timeframes for the first time since the parabola began. Is this a sign that momentum is about to slide […]