Bitcoin Regains Traction, Why BTC Could Struggle To Continue Higher
Bitcoin price was able to clear the $62,500 resistance against the US Dollar. BTC could correct lower if altcoins continue to gain momentum in the near term. Bitcoin is facing resistance near the $63,500 and $64,250 levels. The price is now trading well above $62,500 and the 100 hourly simple moving average. There is a key bullish trend line with support near $62,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower if there is a downside break below the $62,500 support. Bitcoin Price Gains Pace Bitcoin price was able to clear the $62,500 and....
Related News
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 […]
Ethereum started a steady increase above $3,000 against the US Dollar. ETH price must clear the $3,200 to continue higher in the near term. Ethereum started a strong increase from the $2,750 support zone. The price is now trading above $3,000 and near the 100 hourly simple moving average. There was a break a major declining channel with resistance near $2,925 on the hourly chart of ETH/USD (data feed via Kraken). The pair must surpass $3,175 and $3,200 to continue higher in the near term. Ethereum Price Is Gaining Momentum Ethereum found a strong support near $2,750 and started a fresh....
As the country continue to struggle, consumers and enterprises will turn towards alternative finance. Other than crowdfunding and peer-to-peer lending, cryptocurrency is gaining traction in that segment. If there were ever a chance of Bitcoin having the opportunity to gain traction in the UK, now would be that time. A trade minister who voted in favor of the Brexit says local business are ‘lazy and fat”. Not the nicest of comments, but also a sign things will need to change sooner rather than later. This could be good news for cryptocurrency, albeit the thoughts of one person may not make....
Uniswap’s UNI started a decent increase above $5.35 against the US Dollar. The price is likely to continue higher above $6.00 and $6.20 in the near term. UNI started a fresh increase after forming a base above the $4.75 level against the US dollar. The price is trading above $5.65 and the 100 simple moving average (4 hours). There was a break above a major contracting triangle with resistance near $5.35 on the 4-hour chart of the UNI/USD pair (data source from Kraken). The pair is likely to continue higher if it clears the $6.00 and $6.20 resistance levels in the near term. Uniswap’s UNI....
Litecoin price struggle to trade higher continues. It looks like it may head lower as the 4-hours chart is signaling a critical break. Intraday Support Level (HitBTC) may be at $$3.00. Intraday Resistance Level (HitBTC) where buyers could struggle can be at $3.15. Litecoin price struggle to trade higher continues, and it looks like it may head lower as the 4-hours chart is signaling a critical break. Litecoin price recently tested the $3.00 support area where it found buyers and corrected higher. However, it is facing a lot of hurdles on the way up. Looking at the 30-mins chart (data feed....