Bitcoin Price Gains Continue: 400 Up Next?
So yet again we got some buying power during yesterday's European session and, just as has happened over the past few weeks, we have seen fresh upside highs carved out in the bitcoin price. At the start of today's European session, however we have seen a short term correction - with a spike down negating much of yesterday's gains. How far this correction will hold remains to be seen, but it was to be expected. Once any financial asset becomes overstretched, its not unusual for us to see some level of consolidation and - in turn - a short term sell off. So, with this said, and as we head....
Related News
Ethereum price started a steady increase above $4,650. ETH is now consolidating and might aim for more gains if it clears the $4,750 resistance. Ethereum remained stable above $4,500 and started a fresh upward move. The price is trading above $4,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $4,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above $4,720 and $4,750. Ethereum Price Gains Over 10% Ethereum price remained supported above the $4,400 level and started a fresh....
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....
Ethereum failed to continue above $2,900 against the US Dollar. ETH price corrected gains and it is now trading near a major support at $2,640 and the 100 hourly SMA. Ethereum broke the $2,850 resistance, but it failed to gain pace above $2,900. The price is now testing the $2,650 support and the 100 hourly […]
Bitcoin price failed to continue higher towards $60,000 against the US Dollar. BTC declined sharply and tested the $54,500 support zone, where the bulls took a stand. Bitcoin failed to extend gains and it formed a short-term top near the $59,000 level. The price is now trading well below the $57,000 level and the 100 […]
Bitcoin price started a downside correction after trading to a new all-time high near $48,308 against the US Dollar. BTC is now consolidating gains and it is likely to continue higher above $47,000. Bitcoin traded to a new all-time high at $48,308 before correcting lower. The price is now well above $45,500 and the 100 […]