Bitcoin rejected after attacking $42K as trader says BTC price impulse move n...
A second run on the $42,000 mark comes amid demands for $41,000 to become support to secure bullish continuation. Bitcoin (BTC) zoned in on a multi-week high for the weekly close on Feb. 6 as a calm weekend helped fragile sentiment.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin should flip $41,000 to support Data from Cointelegraph Markets Pro and TradingView followed a mercifully non-volatile weekend for BTC/USD, which continued to test $42,000 resistance while retaining $40,000 as support.Friday's unexpected gap upward initially resulted in misgivings over a price....
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Ethereum continues its upward trend. The structure of the trend was not disrupted at a key level, which resulted in a new upward impulse. The upward trend continues. After a rebound from a medium-term level, Ethereum’s price has continued its upward movement. The power of that impulse is caused by the inablity of the market to form a turn to decline. If that wasn’t the case, a new flat wave would have been likely. But because the structure of the short-term upward trend was not disrupted, a flat is not going to happen. What has followed as a result is a powerful upward impulse. As long as....