Bitcoin, Ethereum Technical Analysis: ETH Falls Below $1,500 — Market Momentu...
Ethereum dropped below $1,500 on Friday, as cryptocurrency markets fell following earlier gains in the week. Bitcoin was also in the red in today’s session, as the token moved closer to a breakout below $20,000. Overall, the global crypto market cap is down 1.90% as of writing. Bitcoin Bitcoin (BTC) fell lower for a second consecutive day on Friday, as bullish sentiment continued to fade. Following a peak of $21,022 on Wednesday, BTC/USD dropped in back-to-back sessions, with today’s decline sending the price to a low of $20,086.07. Today’s slip in bitcoin comes as USD....
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The selloff in cryptocurrencies continued to start the week, with bitcoin falling to its lowest level since July. Ethereum was also trading in the red, hitting multi-month lows in the process. This comes as the overall global market cap in cryptos was down close to 9% at the time of writing.
Bitcoin
Bitcoin (BTC), which has been the main focus of the recent decline in crypto prices, was trading 3% lower on Monday (at the time of writing), and almost 20% down from its position at the same time last week.
As of writing, BTC/USD hit an intraday low of $33,184.06 during....
Bitcoin's struggle to head higher continues for yet another day as the cryptocurrency extends its boring consolidation phase. From yesterday's observation at $237.60, Bitcoin has dropped to $236.90 but the higher-top, higher-bottom structure is being maintained. In my opinion, that is the only big positive that buyers could take heart from. Technical analysis of the daily BTC-USD price chart suggests that the bulls are still running the show. Bitcoin Chart Structure - As has been marked in the chart above, Bitcoin has been maintaining a higher top, higher bottom pattern even during the....
Bitcoin fell below $22,000 to start the new trading week, as sentiment in crypto markets seems to have turned bearish. The world’s largest token saw recent price declines extended on Monday, with ethereum also experiencing similar downwards momentum. The global market cap is down over 3% as of writing.
Bitcoin
Bitcoin (BTC) prices were once again in the red during today’s session, as prices fell below $22,000 to start the week.
The world’s largest cryptocurrency fell to an intraday low of $21,804.35 in today’s session, which is over $1,100....
I had expected a stronger reaction in the Bitcoin markets after the Greek parliament bailout voting results. However, even as Greece's parliament approves austerity measures, Bitcoin's calmness is very intriguing. From yesterday's price observation of $288.89, Bitcoin has edged up marginally to $289.97. Technical analysis of the daily BTC-USD price chart conveys that even though the bulls have the upper hand now, they must not fritter away the advantage. Bitcoin Chart Structure - A closer look at the last 3 candles would help us to gather that the bulls are giving away the achieved gains....
Gains in cryptocurrencies slowed down on hump-day, as bitcoin and ethereum prices hit resistance levels. ETH fell below the $3,000 level, with BTC falling below its long-term ceiling of $42,500 during today’s session. Bitcoin The global crypto market cap was 0.69% lower as of writing, as gains in BTC eased on Wednesday, and prices encountered resistance. Following a high of $43,336 during Tuesday’s session, BTC/USD rose to an intraday low of $41,877.51 on Wednesday. This came as BTC was unable to sustain yesterday’s breakout from the $42,500 resistance, as bulls....