Bitcoin Price Eyeing Critical Support
Bitcoin price has fallen away from the highs of Thursday and Friday and is being drawn back to critical support just above $230. Will price bounce or will it return to the week's lows? This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 15h44 UTC. Bitfinex 1-Hour Chart. From the analysis pages of xbt.social, earlier today: The outlook is bearish at the 6hr and 12hr timeframes and thanks to xbt.social member santana for his multi-chart....
Related News
Bitcoin is facing intense selling pressure once again, with bears now eyeing a move below the critical $80,000 support level. After bulls briefly pushed BTC to $87,000, hopes for a sustained recovery were quickly dashed when the price failed to reclaim the key $90,000 resistance. Since then, momentum has shifted sharply in favor of the […]
The recent crypto market downturn triggered a sharp decline in the Dogecoin price that saw it erase its gains from prior days. However, this move has also exposed a critical level that the cryptocurrency must hold if there is to be any hope of a recovery. As with any critical support level, holding above it […]
Recent trading activities reveal that PEPE is under mounting selling pressure as its price falls below the critical $0.00000766 support level. This dip signals a further bearish move, with bears gaining control and eyeing further downside towards the $00000589. The break below this key level raises concerns among traders, as the possibility of deeper losses becomes increasingly likely. As momentum turns negative, this article aims to examine the implications of PEPE’s price slipping below a critical support level. It will delve into how this breakdown impacts market sentiment, and with the....
A relief bounce in the Bitcoin market Thursday did little in offsetting its prevailing correction bias as its price slipped inside a critical support area.
Yesterday, there were a couple of attempts by sellers to take Litecoin price down, but they failed. As a result, buyers stepped in and took the price higher. The most important point was the fact that the price managed to climb above a few critical resistance levels. First, there was a major bearish trend line on the hourly chart via the data feed from Bitfinex, which was broken during the upside drift. Moreover, the price also closed successfully above the 100 hourly simple moving average. A new weekly high was formed near $3.64 where the upside was stalled. There is a chance that the....