Bitcoin Price at a Crossroads: Full Retrace or Breakout Above $640?
Despite the fact that volatility picked up early last week on a rally above $615, since the breakout the market has settle back into its old, stagnant ways. We think it is a good sign for the longer term health of the market that price has been able to stay above near term support, however the technical outlook remains unfavorable for now. Bitcoiners got more good news concerning scaling this weekend as the SegWit code has now been fully tested and is ready to deploy in the next Core update (set for mid-November). While we may not see the benefits from it until later this year or early....
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All the way up until around mid-2020, Chainlink was the hottest crypto token around. But once Bitcoin broke above $10,000 months ago, the altcoin’s uptrend against the top cryptocurrency was broken. Following a full 50% retrace of the rally against BTC, Chainlink is now “ready to continue,” according to one crypto analyst. Here’s what that […]
Bulls have taken full control of Bitcoin’s price action, sending the cryptocurrency rocketing up to $40,000 this morning before it faced some resistance It has since retraced slightly but is still looking strong and could be positioned to rally higher in the near-term Each retrace seems to be providing it with fuel for further momentum, which is a sign that bulls are in full control of the mid-term trend Where the market heads next will […]
Bitcoin (BTC) is navigating through a storm of fear and uncertainty, with recent volatile price action causing significant shakeouts among traders and investors. Since August 24, BTC has experienced a sharp retrace of over 12%, plunging below the $60,000 mark—a crucial psychological level that often serves as a pivot point for both price action and […]
The now-rebranded Fetch.AI (FET) regained the $1.4 price range amid the market recovery and is currently testing the $1.5 resistance level. Over the weekend, the AI token saw a nearly 40% recovery and seems to be preparing for a breakout. Market watchers have predicted short and long-term targets for the token after the Artificial Superintelligence Alliance (ASI) token merger. Related Reading: Whale Makes $8 Million With Trump-Inspired Memecoin As PolitiFi Tokens Soar FET Drops 23% Amid Market Retrace This month, the Artificial Superintelligence Alliance kicked off phase 1 of the ASI token....
Bitcoin price rose more than 2% to break out of the narrow trading range which started in early June. Surprised by a sudden rally, short-sellers booked their losses which further fueled the rally past the crucial resistance level of $227. This advance has completely changed the scenario, which had been bearish for some time. Bitcoin now trades at $227.55, and dips can be used to accumulate the cryptocurrency from a short-term trading perspective. Technically, Bitcoin has registered a positive breakout on the 240-minute BTC/USD price chart but sustenance is the key to more gains. Bitcoin....