TA: Bitcoin Price Turns Green, Why $35K Is Still A Major Barrier
Bitcoin price started a fresh increase above the $32,500 and $33,500 resistance levels against the US Dollar. BTC is showing positive signs, but $34,500 and $35,000 still presents a major resistance. Bitcoin is up over 10% and it broke the $34,000 resistance level. The price is currently trading well above the $33,200 pivot level and […]
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Bitcoin on-chain activity has once again turned green signaling some good tidings for the digital asset. All across the board, metrics have been on the rise with some reaching as high as double-digital increases in the past week alone. The recovery has ranged from daily miner revenues to revenues gained from fees, as well as […]
Key Highlights. We mentioned time and again this past week that there is a major resistance around 60.0 Satoshis, which was breached to open the doors for more gains. There is now another barrier formed around 64.0 Satoshis, which is acting as a hurdle for buyers. There is a confluence of trend line and Fib level formed around the stated level acting as a resistance. Dogecoin price managed to clear a critical level, but it still remains at risk as the 64.0 Satoshis is also a major hurdle. Downside Move? We highlighted recently that the price is facing a major hurdle around 64.0 Satoshis,....
Key Highlights. Dogecoin price continued to struggle to clear an important bearish trend line as highlighted in yesterday's post. 0 Satoshis is turning out to be a major barrier for buyers. Most technical indicators are pointing more gains in the short term. Dogecoin buyers continued to push the price higher, but failed to clear a critical barrier at 78.0 Satoshis. What's next? Dogecoin price is heading towards a major break if buyers succeed in taking it above a crucial bearish trend line on the hourly chart. The highlighted trend might turn out to be major factor in the short term, as....
Bitcoin Price Key Highlights. In the previous weekly analysis, we highlighted the importance of a critical support area at 200.00, which as anticipated acted as a barrier for sellers. The price has somehow managed to close above the 100 hourly simple moving average, which is a positive sign. Bitcoin price after a major decline managed to gain buyers around a major support area of 200.0. More Upsides. As mentioned, we anticipated the 200.00 support area to act as a major barrier for sellers in the near term. This past week there was a sharp upside reaction after the price declined towards....