Bitcoin Price Weekly Analysis –BTC/USD Above $700 Is Real?
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....
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Bitcoin price looks bullish on a higher timeframe chart like the weekly chart, but the BTC bulls must capitalize and take it higher. Key Points. Bitcoin price may trade higher vs the US Dollar, as it looks it broke a major resistance area. There was a contracting triangle pattern formed on the weekly chart (data feed from Bitstamp) of BTC/USD, which was broken during the recent upside move. The price is now above the 100-weekly simple moving average, which is a positive sign for the BTC bulls. Bitcoin Price Crucial Break. Bitcoin price managed to slowly climb higher vs the US dollar, and....
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....
The price of LoopRing (LRC) has shown no sign of relief bounce against Tether as it continues to range in its low region. Despite relief bounces shown by other cryptocurrencies across the market, some producing double-digit gains, LoopRing price continued to look dormant. (Data from Binance) Related Reading: ANKR Gained 12% In The Last 24 Hours. What’s Pushing It? LoopRing Price Analysis On The Weekly Chart From the chart, the price of LRC saw its weekly bottom at $0.35; the price of LRC bounced from that region to a price of $0.4 on the weekly chart as the price is unable to show much....
The price of Apecoin (APE) shows strength after bouncing from a weekly low of $3.10 against Tether (USDT). APE price has seen a relief bounce, with Bitcoin (BTC) rallying from a daily low of $19100 to a region of $23,000. (Data feeds from Binance) Related Reading: Are Higher Lows A Sign of a Growing Bitcoin Bull Run? Price Analysis Of APE On The Weekly Chart From the chart, the price of APE saw a weekly low of around $3.10, which has formed support. The price has built more momentum as it faces resistance at $10. With a break above the $10 mark, the price of APE would rally to $12. If the....
Binance Coin (BNB) has shown significant strength in recent weeks against Tether as it has maintained its bullish sentiment. Despite the market retracement, Binance Coin (BNB) has shown great strength but has lost its key support at $300.(Data from Binance) Related Reading: Axie Infinity Unveils Season 0 With High Expectations – Will It Pull AXS Up? Binance Coin (BNB) Price Analysis On The Weekly Chart According to the chart, the price of BNB saw its weekly low at $220; the price of BNB quickly rebounded from that region to a weekly low of $330 as the price is unable to show much strength....