Bitcoin Price Slips Again, But Big Buyers Are Moving In
Bitcoin’s price continues to move between bullish and bearish territory, reflecting ongoing uncertainty in the market. After reaching $94,000 earlier this week, the cryptocurrency has since retreated below $90,000, marking an approximately 18% drop from its all-time high (ATH) of $109,000 recorded in January. This latest pullback highlights the shifting sentiment among investors and the increasing influence of large holders, or whales, in the market. Related Reading: Bitcoin Enters ‘Optimism Stage’—Is a Massive Rally About to Begin? Whales Are Finally Back, Data Shows CryptoQuant analyst....
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Key Highlights. Litecoin price dived recently sharply to trade near $3.01, but buyers appeared around the stated level to prevent losses. The price is below the 100 hourly simple moving average, which is a negative sign for buyers. Litecoin price after testing $3.00 support area moved higher, but it might struggle to gain pace for more gains. There was a sharp downside reaction in the Litecoin price this past week, as it dived towards an important support area of $3.00. It is where buyers appeared to prevent the downside and pushed the price higher. There is contracting triangle formed on....
Key Highlights. Dash price traded higher and breached a critical bearish trend line. Buyers failed to capitalize after the break, as the upside stalled around 0.0119BTC. An hourly close above the 100 simple moving average is required for buyers to take control. Dash price trading higher did not come like a surprise, as we were anticipating a break due to continuous failure to break 0.0116BTC. Upside Likely? Yesterday, we stated the importance of 0.0116BTC support area, which held the downside on numerous occasions. It helped buyers to gain ground and take the price higher in the short....
Key Highlights. Potcoin price continued to trade lower, as there is a bearish trend line on the hourly chart acting as a hurdle. The price has a major resistance formed around 0.00000242BTC where buyers might struggle. The Potcoin price is below the 100 hourly simple moving average, which is a bearish sign. Potcoin price looks set for more declines, as the price is under the bearish pressure which may increase moving ahead. Importance of 100 MA. There was a downside reaction in the Potcoin price recently, which took it towards the 0.00000227BTC level. Somehow, buyers appeared around the....
Litecoin price dived once again as sellers gained control. It is now trading near a critical support area which must hold moving ahead. Intraday Support Level (Bitfinex) may be at $3.00. Intraday Resistance Level (Bitfinex) can be $3.08. It looks like the upside ride was short-lived, as buyers failed miserably to hold gains. There was a sharp downside reaction in Litecoin price, as it traded down and even managed to clear the 100 simple moving average on the hourly chart (data feed via Bitfinex). The price traded as low as $3.01 where somehow buyers managed to prevent any additional....
Dogecoin Price Key Highlights. Dogecoin price after trading as low as 51.3 Satoshis traded higher, but struggling to clear a major resistance area. There lies a significant resistance around the 100 hourly simple moving average acting as a hurdle for buyers. A break above it is needed if buyers have to take the price higher in the near term. Dogecoin price struggle continued, as the 100 hourly MA is acting as a barrier for more gains. Can Buyers make it? We highlighted in yesterday's post that the Dogecoin price managed to find support near 51.3 Satoshis. It is now making an attempt to....