Bitcoin Price Weekly Analysis - 200.00 Played Well
Bitcoin Price Key Highlights. In the previous weekly analysis, we highlighted the importance of a critical support area at 200.00, which as anticipated acted as a barrier for sellers. The price has somehow managed to close above the 100 hourly simple moving average, which is a positive sign. Bitcoin price after a major decline managed to gain buyers around a major support area of 200.0. More Upsides. As mentioned, we anticipated the 200.00 support area to act as a major barrier for sellers in the near term. This past week there was a sharp upside reaction after the price declined towards....
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Bitcoin Price Key Highlights. In the previous weekly analysis, we highlighted an inverse head and shoulders pattern, which played well and acted as a catalyst for an upside move. The price is currently trading in a positive zone, as it settled above the neckline of the inverse head and shoulders pattern. Bitcoin price after trading lower and finding support around 200.00 formed an inverse head and shoulders pattern for a move higher. Inverse Head and Shoulders Pattern. This past week we stated that the 200.00 support area was a major barrier for sellers that prevented more downsides and....
The price of Polkadot (DOT) shows strength after bouncing from key support on the weekly chart against Tether (USDT). After Bitcoin (BTC) bounced from its monthly low of $19,000, this signaled a relief for other crypto altcoins including the price of Polkadot. (Data feeds from Binance) Related Reading: SOL Loses $40 After The Exploit – What’s The Next Support? Price Analysis Of Polkadot On The Weekly (1W) Chart From the chart, the price of DOT saw a weekly low of around $6.50, where it has formed support. The price has built more momentum as it faces resistance at $10. A break above....
Bitcoin price traded in a range this past week. Can buyers succeed in taking BTCUSD higher or sellers might gain strength for a downside move? Bitcoin price managed to stay above a key support area of $400 this past week, but there was a lot of struggle to clear a critical resistance area of $425. BTCUSD was mostly seen trading in a range of $400-425, and both the range support area and range resistance zone played well as buy and sell zone respectively. Now, if we look at the big picture and try to analyze the weekly chart, then we will know that the price is currently trading below a....
Bitcoin price remained in an uptrend this past week versus the US Dollar, and my view of further gains played well in the near term. Key Points. Bitcoin price continued to surge higher this past week against the US Dollar and traded above $620. There is an ascending channel pattern formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD, which is acting as a support area. As long as the price is in the channel, there is a chance of more gains in the near term. Bitcoin Price Rise. Bitcoin price consolidated for some time against the US Dollar before climbing higher. In the last....
The price of LoopRing (LRC) has shown no sign of relief bounce against Tether as it continues to range in its low region. Despite relief bounces shown by other cryptocurrencies across the market, some producing double-digit gains, LoopRing price continued to look dormant. (Data from Binance) Related Reading: ANKR Gained 12% In The Last 24 Hours. What’s Pushing It? LoopRing Price Analysis On The Weekly Chart From the chart, the price of LRC saw its weekly bottom at $0.35; the price of LRC bounced from that region to a price of $0.4 on the weekly chart as the price is unable to show much....