Bitcoin Price Weekend Rally!

Bitcoin Price Weekend Rally!

Bitcoin price is surging higher during a weekend rally. $600 has been scaled and we watch the $680 support and resistance level for a potentially large price reaction. In yet another large single day move, bitcoin price surged from $580 to $650 (Bitstamp). The popular USD exchanges have mostly achieved the $650 level; the CNY exchanges 4400 CNY and the exuberant OKCoin September futures contract chart is ticking above $700. At the time of writing a correction from these levels is unfolding but there seems to be additional advance in store. The move higher was clearly signaled at 23h00 UTC....

Related News

Weekend Rally Puts Dogecoin 10% Ahead, But Can The Meme Coin Hold?

Dogecoin rallied during the weekend pushing its price out of the downtrend that it has been in. Weekend markets which are usually marked by low volatility often see these types of rallies that help bring cryptocurrencies out of their shells. This time around, meme coin, Dogecoin was at the receiving end of this, seeing the […]

Weekend Fakeout? Analysts Wary of Latest Bitcoin Rally as Price Passes $19k

Bitcoin has seen a strong push higher today that allowed its price to break above the key $19,000 level that has been so pivotal for its price action This rally came about after a period of weakness that caused the crypto to plunge as low as $17,600 The selling pressure seen around its current price […]

Bulls Take Over Market As Ethereum Price Surpasses $3,000, Why Rally May Cont...

Ethereum has surged forward as London Hard Fork is up and running smoothly. Following the Hard Fork and the implementation of EIP-1559, the price of ETH has continuously run-up, as interest in the Ethereum network grows. The price broke $3K for the first time in over a month during the weekend, which saw the price of bitcoin surge past $44K. ETH price promptly followed the price rally. Although the price of ETH has fluctuated following this, breaking back down below $3,000, the price has since recovered back up above $3,000. This shows the incredible hold strength being represented at this....

XRP Price Prediction: Crypto Analyst’s Wave Theory Predicts 1137% Rise

Another bullish XRP price prediction has made its way to the fore following a weekend of muted performance. This time around, a crypto analyst is expecting an explosive rally for the altcoin that could see the XRP token rally to a new all-time high above its 2018 peak. XRP Price To Rise To $5.85 In […]

Weekend bull trap? Traders remain cautious as Bitcoin price rebounds to $18K

The price of Bitcoin reclaimed $18,000 but traders remain cautious of a weekend bull trap. The price of Bitcoin (BTC) surged above $18,000 on Nov. 29, reaching as high as $18,209 on Binance. However, traders are turning cautious despite BTC’s weekend rally.Bitcoin currently faces resistance at around $18,200, which is also the 10-day moving average (MA) on the daily chart. As Cointelegraph reported yesterday, some traders still anticipate BTC to see another drop in the near term before the rally can continue.BTC/USDT 4-hour chart (Binance). Source: TradingView.comWhy a bull trap for....