Bitcoin price suddenly regains bullish momentum with $20K in sight
The price of Bitcoin has broken through crucial resistance in weekend trading. Bitcoin (BTC) remains in the spotlight after MassMutual became the latest company to allocate $100 million of its portfolio into Bitcoin. This is adding to the impressive buy pressure at the moment, renewing hopes of Bitcoin breaking $20,000 in December. While a correction occurred in the past week, Bitcoin’s price bounced above the crucial level at $18,600 and is now targeting new all-time highs. However, since the breakout occurred during the weekend, one concern for the bulls is the relatively low volume of....
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Bitcoin price is once again approaching current record highs, and now that the momentum is back in favor of bulls, new all-time highs could soon be just ahead. While this is mostly nothing new for the leading cryptocurrency by market cap, the recent rally back to local resistance has happened all while the dollar has strengthened significantly. What exactly does this mean for the ongoing cryptocurrency bull market? And why is the dollar suddenly performing […]
Polkadot (DOT) has seen a fairly consistent momentum as it currently trades at $7.92 and eyeing the next key resistance at $8.07. The DOT/USD pair predictably scores a strong upside or further gains that can go as high as $8.50. The DOT/USD pair has gained roughly 1.38% overnight which has increased the coin price to $7.92 and is bound to spike to the $8.07 level and higher. The token which has a market cap of $7.73 billion is currently ranked as the 10th highest cryptocurrency, based on market capitalization. The DOT/USD pair currently enjoys a 24-hour trading volume of $750 million.....
Late yesterday evening, shortly before the markets closed in Europe, we reported our twice-daily bitcoin price watch piece. In the piece we highlighted the levels that we would be keeping an eye on throughout the Asian session, and suggested that we may see some further bullish momentum in the bitcoin price if we got a break of both yesterday's highs of 268 flat. Now action has matured overnight, did we manage to get this break, and further, what are the levels that we are keeping an eye on today? Also, how can we respond to price reaching these levels as far as getting into a position....
Litecoin broke above a narrow consolidation during the April 22nd session and headed to 1.48 before stalling at the start of the April 23rd session. Let's go over the 1H and 4H charts to monitor the bullish attempt. Litecoin (LTCUSD) 1H Chart April 23. As price retreated ltcusd found support at 1.44. So far, the bullish technicals in the 1H chart are intact:1) The moving averages have started to slope up and have formed a bullish alignment, with the 50-hour above the 100-hour, above the 200-hour SMAs. 2) The RSI has broken above 70, which signaled the initiation of bullish momentum. But it....
Following the massive dump in the past week, Ripple price regains its stance on a long trend. Moreover, bulls must tower the bears in this current market momentum. Last week wasn’t a good trading week for Ripple buyers, as the XRP token recorded a massive 42% loss. As a result, the week closed below $0.4255. Notably, the entire week had the token’s price steadily following a huge bearish trend, declining to $0.4018 before climbing back to $0.4123 and terminating there for the week. Notably, most indicators have been engrossed in the oversold zone, implying the possibility of a....