Bitcoin Price Weekly Analysis – Buyers Be Careful
Bitcoin price after failing to move higher moved down. Can it settle below $400 and head down for more losses in the near term? Intraday Support Level can be $400. Intraday Resistance Level may be $420. Bitcoin price struggled a lot this past week and failed to move higher. There is a major resistance area formed near $420-425 levels, which is acting as a monster hurdle for more gains. There is a bearish trend line formed on the 4-hours chart (data feed from Bitstamp), which is aligned around the stated resistance area to stall an upside move. The price moved below the 23.6% Fib....
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Key Highlights. In one of the previous week's analysis, I suggested that buying favored in Bitcoin price near ¥2600. The idea played well, as the price bounced and traded higher. However, as stated earlier, the ¥3100 resistance area holds the key, and is currently stalling more gains. Buyers need to be very careful moving ahead, as a break below a major support trend line on the 4-hour chart (data feed from BTCChina) may call for a correction. Bitcoin's price gained heavily this past week, but it looks like a short-term top is created near ¥3100, and there is a chance of a down move during....
Key Highlights. Litecoin price after attempting a correction failed, and currently heading lower. The price breached a monster support area, which is signaling towards more declines ahead. Litecoin price clearing a critical support area is a warning sign to buyers and could ignite a downside move. Litecoin price solid run towards the upside failed around $8.98, as it traded lower. The downside was stalled around $3.24. It was a monster decline, as pointed in the previous weekly analysis. However, buyers made an attempt to take the price higher, but the upside was stalled just below the....
Axie Infinity (AXS) has recently shown significant strength against tether (USDT) as the price prepares for a rally to the $20 mark. Bitcoin’s (BTC) price continues to fluctuate, despite occasional surges. The price of Axie Infinity (AXS) has been difficult to break above $15, but it could be set to make the difference.(Data from Binance) Related Reading: Bitcoin (BTC) Must Make It Past This Threshold To Bounce Back Axie Infinity (AXS) Price Analysis On The Weekly Chart AXS’s price has dropped from $70 to $10, and it is even struggling to stay afloat during the bear season.....
Bitcoin price surge was amazing, but BTC/USD is reaching a point where the bulls need to be very careful moving ahead. Key Points. Bitcoin price continued to move higher and settled above the $700 mark against the US dollar. Many traders are in disbelief that the price surged this high in a short span of time. I think BTC/USD is due for a correction now looking at the weekly chart (data feed from Bitstamp). Bitcoin Price Resistance. Bitcoin price this past week traded above the $750 mark against the US Dollar, and was simply unstoppable. The last 4 weekly candles on the weekly chart of....