Bitcoin Price Flirts With Breakout — Key Resistance In Sight
Bitcoin price is consolidating gains above the $94,000 zone. BTC is showing positive signs and might aim for a move above the $95,500 resistance zone. Bitcoin remained supported above the $93,500 zone. The price is trading above $94,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $94,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $95,500 zone. Bitcoin Price Eyes Key Upside Break Bitcoin price remained stable above the $93,500 level and started a fresh....
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In this morning's twice-daily bitcoin price watch piece, we published our expectations for the day's session across Europe. We suggested a number of the key levels that we would be keeping an eye on as action in the bitcoin price matured throughout the day, and pointed out where we would look to enter and exit in the event that we got a breakout according to our scalp strategy. Now action has matured throughout the day, are we saw watching the same levels, did we manage to gain on any positions today, and what are we looking at moving forward? Take a quick look at the chart below. As the....
Bitcoin is currently trading around the $96,000 mark after a week of strong bullish price action that saw it reach $97,900 — its highest level since the March sell-off. The price now flirts with the psychological $100,000 barrier, a key milestone that could confirm the start of a new macro uptrend. However, global macroeconomic tensions […]
The Dogecoin price looks set to witness a breakout above the psychological $1 level, having broken a resistance trendline. Crypto analyst Trader Tardigrade provided a timeline for when this massive surge could happen as DOGE rallies to a new all-time high (ATH). Dogecoin Price Eyes Rally Above $1 Following Breach Of Resistance Trendline In an […]
Bitcoin price is still stuck inside the triangle consolidation pattern but might be gearing up for a breakout soon. Bitcoin Price Key Highlights. Bitcoin price has formed lower highs and found support around $730, creating a descending triangle pattern. Price just bounced off support and might be ready for a test of resistance at $750-755. Technical indicators seem to be hinting that the resistance would hold, although a breakout is possible with this week’s event risks. Technical Indicators Signals. The 100 SMA is below the longer-term 200 SMA so the path of least resistance is still to....
Here's what we're focusing on for the Thursday afternoon session out of Europe in the bitcoin price. In this morning’s bitcoin price watch article, we highlighted the range we were focusing on for the early European session. It was a pretty tight range, so we said we’d be looking at trading breakout only, as opposed to breakout and intrarange. This is because its difficult apply effective risk management parameters on intrarange trades when support and resistance are so narrow. As it turned out, we might have been better off giving it ago. Shortly before the European afternoon kicked off,....