Bitcoin Price Orderbook Shows Resistance At $21,500, Will BTC Retrace?
The crypto market has returned to the green with Bitcoin price pushing north of $20,000 after a severe rejection from those levels in August. The market is heading into the weekend, and with two major events in the next few days, there could a spike in volatility. Related Reading: Bitcoin Bulls Aim Past $20,000 Level – How Hard Can They Charge Forward? At the time of writing, Bitcoin price trades at $21,000 with a 10% and 4% profit in the last 24 hours and 7 days, respectively. Data from Coingecko shows that BTC is overperforming in the crypto top 10 by market cap as other assets lag and....
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Bid and ask levels are flipping bullish as BTC/USD heads towards $60,000, data shows. Bitcoin (BTC) liquidity is changing — and it could mean that hodlers will get a fresh “buy the dip” opportunity.As noted by on-chain analyst Material Scientist on Oct. 12, orderbook movements are now repeating behavior from August. Orderbook data boosts bull caseWhat was Bitcoin’s initial “renaissance” month after hitting mid-cycle lows of $29,000, August encouraged bullish perspectives to return before a sideways September entered.October, or “Uptober,” has since taken the mood back to bullish, and....
The price of Bitcoin has been trading about key resistance during today’s trading session and could be positioning for a break higher if bulls managed to close the daily candle above $21,500. The cryptocurrency still records heavy losses on higher timeframes but could be on the verge of a decisive move. Related Reading: Chiliz Price Skyrockets, Will This Bullish Run Continue? At the time of writing, Bitcoin (BTC) trades at $21,700 with a 1% profit and a 9% loss in the last 24 hours and 7 days respectively. As mentioned, critical resistance stands at $21,500, a daily candle close above this....
Key Highlights. Litecoin price surged sharply higher Intraday and broke an important bearish trend line on the 4-hours chart (price feed from Bitfinex). The price managed to settle successfully above the $3.30-40 resistance area and rocketed higher. Buying dips may be a good idea moving ahead after the much needed bullish break. Litecoin price climbed sharply during the past couple of sessions and broke all shackles. Now, can we look to buy dips? Resistance Turned Support. Litecoin price after forming a base near $3.20-10 traded higher and even managed to clear a couple of important....
There is still very little to deduce from the bitcoin price chart. Whether looked at in the larger or smaller timeframes, there are no definite signals to trade. The 15-minute chart moving averages are in disarray and the technical indicators hardly provide profitable signals. For example, the stochastics (second from top) signal a large number of conflicting divergence signals – but how to discern which one is a reliable entry signal? Some precede medium range moves, others – accompanied by MA cross-overs – result in tiny moves. The overall impression is that the market sentiment is in....
A lively day of trading amid U.S. election uncertainty sees Bitcoin add to its gains, which took it above the pivotal $14,000 resistance. Bitcoin (BTC) hit $14,500 for the first time since early January 2018 on Nov. 5 as crucial support held at $14,000. BTC price preserves $14,000 supportData from Cointelegraph Markets and TradingView showed Bitcoin’s gains continuing in Thursday trading, amid market tension over the U.S. election result.At press time, highs of $14,560 had appeared on major exchange Bitstamp, with BTC/USD subsequently returning to fluctuate around $14,500 amid volatile....