Bitcoin Price Consolidating At $640
Bitcoin price has spent another day in the vicinity of its consolidation pivot level of $640 (Bitstamp). Consolidation leads to break-out, but traders are advised to mind the possibility of a fake-out. The horizontal magenta line shows the $640 (Bitstamp) level around which price has been oscillating for the past two weeks. Any move below is quickly bought back up to $640 and any advance above, eventually returned to this level. Even the downward spike, a few blocks before the halving event, had targeted $640 – overshot and snapped back to it. At the time of writing, price is just $640,....
Related News
Bitcoin price gained further momentum and traded to a new all-time high near $42,000 against the US Dollar. BTC is currently consolidating gains and it could surge towards $45K and $50K. Bitcoin is trading in a strong uptrend above the $36,000 and $40,000 support levels. The price is consolidating above $40,000, and it is well […]
Bitcoin price traded to a new multi-month high close to $18,850 against the US Dollar. BTC is now consolidating gains (while ripple surged 35%) and preparing for the next major move. Bitcoin traded above the $18,000 resistance and almost tested the $19,000 level. The price is now consolidating above $18,000 and the 100 simple moving […]
Ethereum cleared the $600 resistance level and tested the $625 zone against the US Dollar. ETH price is consolidating above $600 and likely setting up for the next move. Ethereum settled above the key $600 resistance level and climbed towards $625. The price is currently consolidating near the $600 support and the 100 hourly simple […]
Ethereum price is consolidating, and may be setting up for the next move. Will it move higher or break down vs the US dollar? Key Highlights. Ethereum price stayed in the bullish zone vs the US Dollar, and it looks like it is consolidating before the next move. There is a bearish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD, which is acting as a resistance for an upside move. A continuous failure to trade higher may call for a downside break in ETH in the short term. Ethereum Price – Watch For A Break. Ethereum price ETH attempted on a couple of occasions to....
Ethereum is currently consolidating losses below the $350 pivot against the US Dollar. ETH price remains at a risk of a sharp decline unless it surges past $345 and $350. Ethereum traded as low as $333 and it is currently consolidating losses. The price is facing a major resistance near $345 and the 100 hourly […]