Bitcoin Price Reaching for $600
Bitcoin price has held support and advanced on $600 and 4,000 CNY earlier today. However, the bear is not yet out of the woods. The USD exchanges are attempting $600 while the CNY exchanges try to retake 4,000 CNY. This is encouraging since we’ve seen price hold above its critical 1day 50MA and now trying to reestablish above psychological support. A bullish 1hr 20/50MA cross-over (chart right) was confirmed by a simultaneous full valid 15min MA signal a few hours ago – another encouraging sign that the market is trying to return to advance. However, the journey to the upside is not going....
Related News
Terra Classic is in the midst of a major price pump with investors bullish on the prospect of the coin reaching levels the old Terra reached before its dramatic collapse at the start of the year. Terra Classic (LUNC) was up at a peak price of 19% in the last 24hrs, with volume reaching almost […]
Bitcoin had a larger than usual fluctuation, gaining 20% in price only to drop 20% back to the original price range, Litecoin broke through it's ceiling reaching $3.80, $4 and $4.20 all the way to a peak of $4.35, only to fall back down to $3.50 where it is now. A correction back to $3.80 is probable. The LTC/BTC pair exchange rate continues decreasing reaching 0.083-0.084. It is projected that if Bitcoin goes lower than $400 for too long Litecoin will most likely fall into a long depression.
Bitcoin is continuing its fall, reaching a key long-term resistance line. The fate of the trend will be decided at this level. Is the long-term upward trend continuing? After reaching the minimal target of the correction, Bitcoin’s price has a chance to continue its long-term upward trend. But for that, a lower-level, intraday confirmation is needed. The reaching of the target is the first signal of a continuation of the long-term trend. Now we need to see a turn form within a short-term trend, otherwise there will be a similar situation to the one which happened at $440, where Bitcoin’s....
Ethereum has lost just over 80% of its value since reaching an all-time high in November 2021, but some market factors point towards it reaching $3,000 again. Let’s explore the reasons that it could become a reality and not just another hype phase that the crypto market has experienced so many times. Why Will Ethereum […]
The price of bitcoin tested resistance at $460 over the weekend ending 15th May, but failed to break through what could prove to be a key level going forward. Overall, the digital currency’s price fluctuated close to $460, a figure which has not been surpassed since 10th May, reaching as much as $458.87 on Sunday, 15th May, according to the CoinDesk USD Bitcoin Price Index (BPI). Further, a series of near misses in attempts to build momentum above this mark suggests that $460 could become a key benchmark for the price moving forward. For instance, bitcoin's price opened at $455.75 on 15th....