TA: Bitcoin Regains Strength, Why Crypto Market Could Rally In Near Term
Bitcoin price remained well bid above the $40,750 support against the US Dollar. BTC seems to be forming a bottom near $40,750 and it could start a strong rally. Bitcoin recovered above the $41,500 and $42,000 resistance levels. The price is now trading above $42,500 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $42,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate further higher towards the $44,200 resistance zone in the near term. Bitcoin Price Gains Pace Bitcoin price remained....
Related News
Ethereum started a fresh recovery wave above $385 against the US Dollar. ETH price is showing positive signs and it could rally above $400 and $402 in the near term. Ethereum is trading in a positive zone above the key $392 and $395 support levels. The price even spiked above the $400 resistance and settled […]
Binance coin price started a fresh rally above the $250 resistance against the USDT. BNB is gaining momentum and it is likely to clear the $300 barrier in the near term. Binance coin price started a fresh rally above the $250 and $260 resistance levels against the USDT. The price is now trading well above […]
Ethereum and the entire crypto market are currently consolidating following yesterday’s breakout rally This rally came about following Bitcoin move to its $19,400 resistance, which is a level that it has yet to surmount decisively Until BTC can break above this level, the rest of the crypto market will likely struggle to gain any immense momentum One analytics firm is now noting that Ethereum’s mid-term trend may be boosted by growing underlying strength They note […]
With the price of Bitcoin back above the pivotal $80,000 mark following a slight rebound on Sunday, several indicators are beginning to demonstrate strength once again. One of the most recent indicator that has turned bullish as market conditions slowly improves is the Bitcoin Realized Cap. A Change In Bitcoin Market Dynamics Bitcoin’s renewed bullish […]
Ethereum started a fresh increase after the bulls defended $1,700 against the US Dollar. ETH price is likely to continue higher above the main $2,000 resistance. Ethereum is showing positive signs above the $1,850 and $1,900 resistance levels. The price is now well above $1,900 and the 100 hourly simple moving average. There was a […]