Bitcoin Price Weekly Analysis – Buyers Struggling To Hold Support?
Bitcoin price is struggling to hold the ground and if buyers fail to prevent a break on the daily chart, then more losses are likely. Bitcoin price was under a lot of bearish pressure throughout this past week, as it traded down. There was an attempt to trade and break the $400 handle, but sellers defended it successfully. The price traded as high as $391 where it stalled and started moving down. Looking at the higher time frame chart, there is a critical bullish trend line formed on the daily chart (data feed from HitBTC). I highlighted the same trend line this past week as well, and was....
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Avalanche (AVAX) struggles to hold above key support that will set the tone for a rally to the $40 mark region anticipated by many. The price of Bitcoin (BTC) saw a retracement as it could not break and hold above important support that corresponds with the daily 50 exponential moving average (EMA). BTC’s unable to hold that region has led to AVAX struggles to form good support. Avax Weekly Chart Analysis The weekly chart for Avax shows a downtrend reversal to a low of $16.3, where buyers were more willing to step into the market. The chart shows the price of Avax needs to break and....
Filecoin (FIL) has recently shown significant strength against tether (USDT) as the price prepares for a rally to the $8 mark. Despite showing some strength occasionally, the price of Bitcoin (BTC) remains volatile as this has affected FIL. Filecoin (FIL) has struggled to break through the $5 barrier, but it may now be poised to do so. (Data from Binance) Related Reading: A Date For The Mt. Gox Repayment Is Set, How Will This Affect Bitcoin? Filecoin (FIL) Price Analysis On The Weekly Chart FIL prices have dropped from around $240 to $4, with the price struggling to stay afloat during the....
Axie Infinity (AXS) has recently shown significant strength against tether (USDT) as the price prepares for a rally to the $20 mark. Bitcoin’s (BTC) price continues to fluctuate, despite occasional surges. The price of Axie Infinity (AXS) has been difficult to break above $15, but it could be set to make the difference.(Data from Binance) Related Reading: Bitcoin (BTC) Must Make It Past This Threshold To Bounce Back Axie Infinity (AXS) Price Analysis On The Weekly Chart AXS’s price has dropped from $70 to $10, and it is even struggling to stay afloat during the bear season.....
Key Highlights. Dash recovered sharply after diving towards 0.0110BTC where buyers managed to protect further losses. There is a bearish trend line forming on the hourly chart of Dash, which may perhaps act as a hurdle for buyers. Dash is struggling around an important level at 0.0120BTC, which was a support earlier and now acting as a resistance for more gains. Can Buyers Clear 0.0120BTC? This past week we forecasted a downside reaction in Dash once the price went below 0.0120BTC. There was a sharp downside, which took it towards 0.0110BTC where somehow buyers managed to hold the....
DarkNote Price Key Highlights. DarkNote price tested a buy zone, which we highlighted in yesterday's technical analysis. The price is struggling to hold ground as sellers remained in control, creating a risk of a break below 0.00000078BTC. The price has moved below the 100 hourly simple moving average, which is warning sign in the short term. DarkNote price looks like at a risk of more losses, but as long as it is above the broken trend line there is a hope. Risk of More Downsides? The DarkNote price continued to move down after testing a major swing area of 0.00000090BTC and completing a....