Bears control Bitcoin price, but traders say the $40K zone is still good ‘for...
$40,000 remains a hurdle for BTC price, but traders still agree that the current range is a zone for accumulation. Traders faced another day of red markets on April 14 after the weakness in equities markets continued to put a damper on crypto prices. Data from Cointelegraph Markets Pro and TradingView shows that after holding onto support above $41,000 in the early hours of April 14, the price of Bitcoin (BTC) was slammed back below $40,000 in the afternoon session and hit a daily low of $39,550.BTC/USDT 1-day chart. Source: TradingViewHere’s a look at what analysts are saying about the....
Related News
After a 100%+ move to a new all-time high, profit taking kicks in and Bitcoin traders brace for a possible retest of the $58,000 to $62,000 zone. Whipsaw price action has returned to the cryptocurrency market after Bitcoin’s (BTC) price lost steam at $67,100 and retracted to the $62,000 level. An early morning 87% flash crash in the price of BTC at Binance US saw the price briefly touch $10,000 and it may have set the market on edge, but generally, it appears to have been an isolated event. Data from Cointelegraph Markets Pro and TradingView show that bears have briefly taken control of....
Ethereum’s price is right now holding in a zone, which is profitable for the Bears. That is a signal of Bull’s advantage. Will an upward trend form? When an upward trend is most likely to happen? The fact that Ethereum’s price has not undergone a downward impulse indicates that the Bulls are still in control. Whether that will lead to a turn to growth depends on how the price will behave at the level of $11.8. If the bulls hold the advantage, that will be a good signal for an upward trend until the minimum of $12.4.
Ethereum failed to recover above the $2,300 resistance zone against the US Dollar. ETH price is moving lower and it is likely to accelerate lower below the $2,000 support. Ethereum failed to move above the $2,300 zone and started a fresh decline. The price is now trading well below $2,200 and the 100 hourly simple […]
Ethereum started an upside correction from the $1,865 zone against the US Dollar. ETH price climbed above $2,000, but it is facing a strong resistance near $2,050. Ethereum tested the $1,865 zone before it started a decent recovery wave. The price is still trading well below the $2,050 resistance and the 100 hourly simple moving […]
Bitcoin Price Key Highlights. Bitcoin price has been on a steady decline, erasing most of its sudden gains from earlier in the month. Although bears still seem to be in control, selling pressure could fade once bitcoin price hits support at the $300 mark. Bitcoin price could be due for a quick bounce if profit-taking takes place around the nearby major support zone. Breakdown Possible? Technical indicators seem to be indicating that bearish momentum could stay in play for much longer, as the short-term 100 SMA is below the longer-term 200 SMA. Stochastic is pointing down once more, after....