Bitcoin Price Continues to Hit New Yearly Highs With All-time Highs on the Horizon
Following a breakout over $700 last week, the market has since been on a tear to the upside as late longs struggle to re-enter below $1000. This is not to say that it has been smooth sailing considering we have seen a few 5 percent pullbacks since the rally began, however, these have been quickly brought up and thus have been short-lived. As Bitcoin continues to push to new highs this December, we can’t help but think about what we mentioned in our previous update. In addition to what appears to be a demand spike caused by global macro worries, the price action since the breakout above....
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The Ethereum Merge is fast approaching, and the anticipation around the upgrade has led to some interesting happenings in the crypto sector. It has propelled the price of the digital assets to new highs, even with the downtrend, holding its value better than most of the market. Ethereum has now marked another new high ahead of its long-awaited Merge. This time around, it is a win against the largest cryptocurrency, Bitcoin. ETHBTC Touch New Highs Ethereum versus Bitcoin is a never-ending contest that has put the two communities at odds. Bitcoin still maintains its dominance over Ethereum....
Bitcoin price is setting its sights on the yearly highs at $780 as bulls continue to gain traction. Bitcoin Price Key Highlights. Bitcoin price staged a remarkably strong rally yesterday after a brief pullback to an area of interest highlighted in the previous article. Price is just a few points away from the yearly highs around $780, at which profit-taking could take place. Technical indicators are showing that the rally could carry on. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA so the path of least resistance is still to the upside. The gap between the....
Bitcoin price is retreating upon reaching its yearly highs but bulls could be ready for another push higher after this pullback. Bitcoin Price Key Highlights. Bitcoin price reached the yearly highs around $780 and profit-taking happened as predicted in the previous article. Price is now making a pullback from its recent rally and could encounter more bulls who are waiting at the next area of interest. Technical indicators are confirming that the uptrend could resume once the correction is completed. Technical Indicators Signals. The 100 SMA just crossed above the longer-term 200 SMA to....
Bitcoin’s price has been caught within a consolidation phase around $13,000 ever since it was rejected at its recent highs of $13,200 This is around the price at which it has been trading throughout the past few days, with buyers and sellers being unable to take control of its near-term trend Yesterday, bulls did attempt to set fresh yearly highs and kickoff a leg higher, but it resulted in a rejection This shows that buyers […]
While all eyes are on Bitcoin’s new all-time highs, some analysts are predicting four-figure Ethereum in the coming months. While Bitcoin continues to push into new all-time highs, Ether has also tagged new year-to-date highs following news the Chicago Mercantile Exchange plans to launch ETH futures contracts in 2021.BTC spiked into new highs on Dec. 16, gaining 10% in one day from $19,140 to $21,340. Dec. 17 has seen BTC extend the rally by a further 4% so far — with the market currently searching for support near $21,800 after posting a local top of $22,160.While many traders appear to....