Bitcoin’s Price Flirts With $800 As Bulls Remain In Control
Bitcoin continues to slowly push to the upside reaching new yearly highs once again over the weekend, defying the logic of many traders. The bears simply cannot get their claws into the market for the time being, despite severely overbought technicals in what is still a heavy resistance zone. Bitcoin remains embroiled in political infighting over block size, as has become the norm for Bitcoin over the past few years, and the current state of the shorter term technicals do not instill all that much bullish confidence at this time. Having said that, we think the main reason that the market....
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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’s price is largely stagnant in the time following its strong move up to $11,400 This consolidation is bullish because it shows that bulls have enough strength to remain in control of BTC’s near-term trend The key resistance to watch in the near-term sits at $11,600. A break above this level would be technically significant and likely lead to further upside One analyst is now noting that he is awaiting today’s weekly candle close before […]
Ethereum price broke a major consolidation pattern, and if the ETH/USD bulls remain in control there is a chance of more upsides. Ethereum Price – New Weekly High Possible? Ethereum price ETH showed a lot of positive signs yesterday, as it managed to gain bids vs the US Dollar. There was a contracting triangle pattern formed on the hourly chart (data feed via Kraken) of ETH/USD, which was broken during the upside move. The price settled above the pattern resistance area, and even closed above $9.00. One significant bullish sign is the fact that the price is now well above the 100 hourly....
Ethereum price traded higher just as I highlighted yesterday. Moving ahead, if all goes well, ETH might trade towards the $20.00 level. Key Highlights. Ethereum price moved higher after a correction against the US Dollar and traded just as highlighted in yesterday’s post. There is a bearish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD, which may act as a swing area in the short term. There is a chance of ETH moving towards the $20.00 level if the bulls remain in control. Ethereum Price Overbought? Ethereum price ETH yesterday corrected a few points down to trade....
Ethereum price has moved up on its chart over the last 24 hours. The altcoin witnessed a 4% growth in the same time frame. This has pushed the price of the altcoin closer to the immediate resistance. Once the Ethereum price moves above the closest resistance level, the bulls could definitely take control of the market. Technical indicators of the altcoin have pointed towards bullish signals. However, it is too soon to say if the bulls will remain on the chart over the next trading sessions. Bitcoin price also logged minor gains, which have turned certain altcoins green over the last 24....