Bitcoin Price Breakout Leads to $600, More Growth to Come?
The bitcoin price has done it again! After much speculation, the price of everyone’s favorite digital currency has broken the $600 level, and for the most part, bullish trends are expected to continue. Bitcoin Price Set for Continued Rise. One source writes: “Price is advancing above $600… It’s hard to conceive how the market will now reverse trend into decline. The declining scenarios mentioned during the past two weeks are negated by the massive volume required to push price $25 higher in a single candle. Ongoing advance is the most probable outcome.” Another source agrees, and seems to....
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Tired of Bitcoin's consolidation? Well, then there is good news! After spending considerable time in a contracting trading range, Bitcoin may well be on course to register another breakout. There is a significant probability that the breakout may be on the upside and lead to swift gains for the cryptocurrency. Bitcoin is currently trading at $244.42. Technical analysis of the 240-minute BTC-USD price chart conveys that the cryptocurrency is well poised for the next leg of its rally. However, the support of $240 must not be violated. Bitcoin Chart Structure - A quick glance at the....
Many cryptocurrencies recorded price fall in the past 24 hours. For instance, Bitcoin prices have fallen by 1.65% in the past 24 hours. Even though the 7-day gain shows a 3.23%, the current level is not encouraging. Ethereum hasn’t fared well, either. Its 1-hour trend shows a 0.99% loss, while the 24 hours level indicates a 1.76% fall. Looking at ETH 7 days price movement, the crypto has lost 7.02%, which is surprising given the hype around the Merge. Related Reading: Displaced ETH Miners Seek Refuge In Ethereum Classic, Ravencoin Tether USDT shows all red in 1 hour, 24 hours, and 7....
The overall crypto market shows signs of price reversal from the downtrend, boosting investors’ confidence. To start with, the week started well for BTC as the market saw its price above $22K. Bitcoin had traded below the $20K price mark until the close of the market on September 9, when it hit $21,381.15. BTC managed to hold down its fort at that price until Monday, September 12, when the market opened with impressive rallies. Related Reading: SEBA Bank To Include Ethereum Staking In Services Currently, BTC and many altcoins are trading in the greens. Bitcoin price has added by 3.32% at....
And for the fourth time in two weeks, Litecoin reaches the level of $3.80 to roll back from it again. Bitcoin overcame $420, which was the driver for the Litecoin price growth. Now Bitcoin is in the correction phase that leads to the fall of Litecoin’s price to $3.50. At the same time, the LTC/BTC pair updates its bottom level, as with a growth of Bitcoin, the LTC/BTC pair fell sharply from 0.091 to 0.087. DASH once again confirmed that its price level is 0.056. Having made a start from 0.056 this cryptocurrency made a dizzy jump to 0.067, and now makes the return movement. Not all traders....
Bitcoin price is still stuck in consolidation but might be ready to make a strong breakout in either direction sooner or later. Bitcoin Price Key Highlights. Bitcoin price formed higher lows and lower highs, creating a symmetrical triangle pattern on its 4-hour time frame. Price is still stuck inside that triangle pattern for now but a breakout might be due since it is approaching its peak. A breakout in either direction could set the longer-term trend for bitcoin. Technical Indicators Signals. The 100 SMA is currently below the 200 SMA, signaling that the path of least resistance is to....