Bitcoin Price Gains: More to Come?
Towards the end of last week, we published a bitcoin price piece detailing the action in the BTCUSD throughout Friday, and highlighting a few key levels that we would be keeping an eye on as action in the bitcoin price mature over the weekend. As we kick off a fresh week of trading, what is this action told us about the likely future direction (intraday) of bitcoin price, and what levels should we be watching to help us infer our medium-term bias? Take a quick look at the chart. Bitcoin Steadily Gained Strength. As you can see, bitcoin price steadily gained strength over its US counterpart....
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Bitcoin price recovered above $48,000, but it failed near $50,000 against the US Dollar. BTC is now holding gains above $47,000 and it is likely to make another attempt to surpass $50,000. Bitcoin is consolidating gains above the $47,000 and $46,500 support levels. The price is now trading well above $47,000 and the 100 hourly […]
The bitcoin price has gotten a push since our previous price piece. Last week, we reported the currency trading at around the $730 mark. Now, bitcoin has risen to heights of $747 at press time, giving enthusiasts feelings of hope and stamina. Bitcoin Price Still Chugging Towards $800. One source describes the action: “There were continuous gains in the Bitcoin price against the US Dollar as it broke a couple of important resistances to set the pace for more gains. The most important close was above the $750 level, which may now act as a support if the price corrects lower. Recently, the....
Bitcoin price made a nice move versus the US dollar, and stayed above $900. More gains are possible in BTC/USD in the near term? Key Points. Bitcoin price managed to stay above the $900 support against the US Dollar, which is a positive sign. There is a major breakout pattern formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD with resistance near $930. A break and close above the triangle resistance might open the doors for more gains towards $950. Bitcoin Price Breakout Approaching. There were no major swing moves in Bitcoin price this past week against the US Dollar, as....
Ethereum is consolidating gains above $1,750 against the US Dollar. ETH price is likely to start a strong increase towards $2,000 as long as it is above the $1,700 support. Ethereum failed to clear the $1,850 resistance and corrected lower below $1,800. The price is now holding gains above $1,750 and the 100 hourly simple […]
Key Highlights. Litecoin price after climbing higher started to consolidate gains and mostly traded with a bullish tone. There is a bullish trend line formed on the hourly chart (price feed from HitBTC), i.e. acting as a buying zone in the short term. On the upside, a break above $3.70 could ignite another rally higher may be towards $4.00. Litecoin price continued to strengthen after the recent surge, and it looks set for more gains as long as it stays above $3.50. Trend Line Support. Litecoin price rocketed higher recently to trade near $3.83 where gains were stalled, and the price....