Bitcoin Price Weekly Analysis - Primed For Lift-Off
Key Highlights. Bitcoin price after declining close to ¥1800 found support and currently setting up for the next move. Looking at the 4-hours char (price feed from BTCChina), there is a consolidation pattern formed. A positive sign for buyers is emerging on the lower timeframe, as the price broke a bearish trend line on the hourly chart (price feed from Huobi). Bitcoin price started to show some bullish signs, and looks set for an upside move if buyers step in and overcome selling pressure. ¥2160-70 as a Resistance. I highlighted in the previous week's analysis that Bitcoin price managed....
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Bitcoin price climbed a few points higher before closing the week. Now, it looks like forming a short-term support area for more gains. Intraday Support Level can be $380. Intraday Resistance Level may be $390-95. We have been following a nice setup on the daily time frame chart for Bitcoin price. There are both positive as well as bearish signs on the daily chart and data feed from HitBTC. Looking at the bearish signs, the price is below the 100-day simple moving average which has stalled the upside move on more than 3-4 occasions. In fact, there was a spike in Bitcoin price this past....
Ethereum price remains supported on the downside against the US Dollar, and buying dips may be opted in the near term. Key Highlights. Ethereum price slowly and steadily traded higher this past week versus the US Dollar. There is a crucial bullish trend line formed on the 4-hours chart of ETH/USD (data feed via SimpleFX), which may continue to act as a support. As long as the price is above the highlighted trend line support, it may bounce soon. Ethereum Price Trend. Ethereum price ETH did not make any major moves this past week versus the US Dollar, but it slowly moved higher. The price....
Bitcoin price is trading sideways below $500 after the Fed fulfilled market expectations by raising its Fund Rate by 25 basis points. 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: 15h00 UTC. BTCC 1-Hour Chart. From the analysis pages of xbt.social, earlier today: The rates "lift-off" is now a fact and a new economic era has begun. For how long it will go the way the Fed anticipates remains to be seen. In the meantime a US dollar rally....
Market observers are seeing Dogecoin (DOGE) price retreating back into the red territory, expecting the meme coin to register new lows on a weekly, monthly and even yearly basis if some support does not come quickly to lift the sluggish coin. As of this writing, DOGE is trading at $0.0653, down 4.5% in the last seven days, data from Coingecko show, Sunday. Tesla CEO Elon Musk has always been an avid Dogecoin supporter. His fame and standing on the worldwide markets have enabled him to significantly influence the price and appeal of DOGE. Suggested Reading | Cardano (ADA) Looks To....
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....