Bitcoin Price Breaks Out: Recovery Abound!
Last week, we got relatively little action in the bitcoin price as far as any discernible trend was concerned. Pretty much throughout the entire week we saw markets range up and down between predefined parameters, without really breaking out in any direction. However, over the weekend, we finally saw some action worth noting. Price looks to have made a medium-term recovery, and - with any luck - we can see a continuation of this recovery throughout today's European session and beyond. So, with this said, what are the levels we are keeping an eye on in the bitcoin price today, and where....
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REN price could be ready to break out from the downtrend as price gears up for a short-term recovery creating more bullish sentiment. REN looks strong on both low and high timeframes. The price of REN breaks out on the daily timeframe after forming an descending triangle. Ren Protocol (REN) has recently shown great recovery after some setbacks as the price has remained downtrend against tether (USDT). Previous weeks in the crypto space have been slow, with most altcoins and major cryptocurrencies such as Bitcoin (BTC) moving in a range. The month appears promising, with altcoins such as....
The recent market recovery has seen the XRP price look to break the $2.5 level again, which could lead to a continuation of the uptrend. While all eyes remain on the $3 level to be reclaimed right now, bullish expectations abound for the altcoin. The XRP price, despite suffering recent crashes, is expected to reach new all-time highs, beating the $3.8 peak that has been persistent for over seven years now. What Happens If The XRP Price Regains Momentum Pseudonymous crypto analyst, “Guy on the Earth”, has shared an analysis of the XRP price that shows the possibilities that lie ahead for....
XRP price has met with selling pressure each time the bulls tried to move past the $0.48 price level. XRP declined by almost 1% over the last 24 hours. Over the past week, the altcoin depreciated more than 6%. The bulls could be back on the chart if the coin breaks past its immediate resistance level. The technical outlook for XRP signalled that the bears are in control as demand for XRP had fallen. For the bulls to power through, it is important that demand for the altcoin returns to the market. At the moment, all technical indicators have painted a bearish image for the altcoin. If....
ATOM price breaks downtrend as price gears up for a short-term recovery creating more bullish sentiment. ATOM looks strong on the low timeframe. The price of ATOM breaks and holds above 8 and 20 EMA. Cosmos (ATOM) showed so much strength as price trends for days, with many becoming interested as to why Cosmos (ATOM) trends against tether (USDT) in such market conditions. With the price of Bitcoin (BTC) showing some great momentum, we could see the price of altcoins, including ATOM, move easily as it eyes a rally to $14. (Data from Binance) Related Reading: Elrond Coin Price Seen Climbing....
A lot has been made of the Bitcoin price history in September, putting extra spotlight on the largest cryptocurrency by market capitalization. Despite the somewhat wobbly start and generally bearish expectations, the premier cryptocurrency has not exactly had a woeful stint in this historically negative month. The price of BTC has been on quite a […]