TA: Bitcoin Corrects, Why 100 SMA Could Trigger Another Leg Lower
Bitcoin price started a downside correction below the $23,000 support against the US Dollar. BTC is likely to decline again as long as it is below $23,500 and the 100 hourly SMA. Bitcoin started a fresh correction and traded below the $23,500 and 23,200 support levels. The price is currently trading well below $23,500 and […]
Related News
Ethereum extended its rise and traded close to $2,900 against the US Dollar. ETH price is correcting gains and it is likely to remain strong above the 100 hourly SMA Ethereum failed to clear the $2,900 level and it corrected lower from $2,885. The price is still holding the $2,700 support and the 100 hourly […]
Bitcoin price continued to gain strength against the US Dollar, and it looks like BTC/USD remains a good buy if it dips or corrects lower. Key Points. Bitcoin price remained in an uptrend against the US Dollar, and traded above the $750 resistance. There is a major bullish trend line formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD, acting as a support area. If the price corrects lower, it may find buyers near the $750-40 levels. Bitcoin Price Major Support and Buy Area. There were continuous gains in Bitcoin price against the US Dollar, as it broke a couple of important....
Key Highlights. Bitcoin price continued to rocket higher in the tensed market, as there were a lot of inflows noted during this past week. There are many supports on the downside that are likely to act as a hurdle for sellers if the price moves lower from the current levels. Bitcoin price traded close to 300.00, and traded as high as 294.63 where it found sellers and moved a bit lower. We stated in the previous weekly analysis that Bitcoin price remains in an uptrend, and there is a high probability that price might continue to move higher. The price did move higher, as buyers remained in....
Ethereum rallied further towards $2,250 before it faced sellers against the US Dollar. ETH price is correcting lower, but the bulls are likely to remain active near $2,000. Ethereum started a downside correction after it tested the $2,250 resistance zone. The price is still well above $2,000 and the 100 hourly simple moving average. There […]
Ethereum traded as high as $1,437 before starting a downside correction against the US Dollar. ETH price is approaching a key support at $1,340 and $1,320. Ethereum surged above $1,400 and traded towards the $1,440 zone. The price is currently correcting lower from $1,437, but it is well above the 100 hourly simple moving average. […]