Bitcoin Price Falls To A Key Resistance Level Of $21,000
There is a dramatic backward sliding movement from the number one cryptocurrency; Bitcoin has been shading off value consecutively for the past few days. The BTC price has gradually reached a trading level that cuts below the 200-weekly moving average (WMA). With its drastic trend in the south, the token has lost almost 9% of its value in the past 24 hours. In the previous weeks, BTC witnessed the presence of the bulls that surged the price to over 25,200. This value remained BTC’s new all-time high for over two months after the devastating blow of the bearish crypto market. But the....
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Ethereum has now lost its hold on an important level. This decline follows that of bitcoin which has now fallen below $20,000. However, for Ethereum, the fight continues to hold on to the one point where bulls still see some hope. However, with the way the market is moving, it may not be long before Ethereum is testing the critical $1,000 support level. Ethereum Falls Below $1,100 For Ethereum, holding above $1,100 for the past week had meant that there was still hope for a good run-up that could see it retest the $1,500 resistance. But this would only last just a little above $1,200....
Cardano displayed bearishness on its chart at the time of writing. Over the last 24 hours Cardano fell by 7% on its chart. Broader market also displayed bearish spell over the last few days. Bitcoin was bordering the $20,000 mark and the altcoins followed suit. ADA had over the past few days crossed past the $0.55 resistance mark but it failed to sustain itself above that price mark. The bears have exerted pressure in the market and the technical outlook has also pictured bearishness on the chart. Bullish strength has been on a halt as market movers have significantly depreciated on their....
Litecoin has been consolidating since finding support at 1.32 This consolidation follows a 3-point divergence between price and the RSI. Then, after a failed bearish attempt to test 1.32, price rallied again and rallied up to 1.46 before finding resistance. Litecoin (LTCUSD) 1H Chart April 17. In the 1H chart, we can see that there was resistance around 1.45-1.46, which was a common support from a previous consolidation. As price falls, we should watch what happens around 1.37. If ltcusd breaks below 1.37, it would break below the 100-, and 50-hour simple moving averages (SMAs) and this....
Ethereum gained bullish momentum above the $1,150 resistance against the US Dollar. ETH price broke the $1.200 resistance, but it struggled to clear the $1,250 level. Ethereum started a steady increase above the $1,150 and $1,200 resistance levels. The price is facing a resistance near $1,250 level, but it is above the 100 hourly simple […]
Bitcoin formed a base near the $21,000 level against the US Dollar. BTC is attempting a recovery wave, but the bears might protect gains above $23,000. Bitcoin traded as low as $20,824 before the bulls took a stand. The price is now trading below the $24,000 level and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $22,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $23,000 resistance zone to start a decent recovery wave. Bitcoin Price Remains In Downtrend Bitcoin price remained in a bearish....