Bitcoin price finally made a move, and fireworks are sure to follow
New crypto market trends are starting to emerge now that Bitcoin and equities markets move closer to make-or-break levels, which will determine the markets’ direction. This week, Bitcoin (BTC) raised investors’ hopes and then left them high and dry again. Traders placed a majority of their attention on BTC price pushing through a long-term descending trendline resistance, but according to Cointelegraph analyst Ray Salmond, “BTC price simply ‘consolidated’ its way through the trendline by trading in a sideways manner where price has been range bound between $18,500 and $24,500 for the past....
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Ethereum classic price moved below the 0.00100BTC support area, and currently recovering. Can ETC/BTC gain further in the short term? Key Highlights. Ethereum classic price finally made a new low and broke the most awaited target of 0.00100BTC. This is a new bearish trend line formed on the hourly chart (data feed via Simplefx) of ETC/BTC, which is currently acting as a resistance. The price is also below the 100 hourly simple moving average, which is acting as a hurdle for the buyers. Ethereum Classic Price Resistance. ETC price finally moved down and created a new monthly low versus the....
Dash Price Key Highlights. Dash price finally surged higher and broke several hurdles on the way up. The recent upside move in the Dash price is encouraging and a sign of things to follow. A break above 0.0118BTC might set the price for more gains in the near term. Dash price showing signs of more upsides as there was a sharp move higher Intraday taking the price towards a major bearish trend line. Break Possible? The price after a failure to move lower spiked and traded above a bearish trend line on the hourly chart, which acted as a pivot for more gains. The price surged higher and even....
Here's a look at what we are focusing on in the bitcoin price this morning. We’re heading into the Christmas period in the bitcoin price, and traditionally this is a pretty quiet period in the markets. We’re expecting a pretty similar trend across the crypto space (although there’s obviously some degree of Asian influence that will hold volume up in crypto, unlike in the US financial markets) so we’re not expecting any fireworks near term. With that said, over the weekend, we did finally get some solid momentum, and price ran up and through the 800 mark that we’ve been watching so closely....
Ethereum classic price extended its decline below 0.00145BTC, and remained at a risk of a move towards the all-important 0.00140BTC. Key Highlights. Ethereum classic price made yet another down move against the Bitcoin, to trade below yesterday’s low to form a new low of 0.00143BTC. This week’s highlighted bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) stopped the buyers once again from taking the price higher. There are chances of additional losses in the near term as long as the trend line resistance is intact. Ethereum Classic Price Continuing Losses. ETC....
A solid rise has made its way into the bitcoin books. Following our previous price piece, bitcoin was hovering around $645 but has now shot up to about $672 at press time. The Halving: Possible Bitcoin Price Movements to Come. In a discussion of the recent halving, one source says it best: “Bitcoin price holds steady, and the reward halving has not seen any surprises in the mining sector. Price seems to be preparing for advance – not today – so, time to do something else than check the Bitcoin price chart like a squirrel for nuts… The ‘halvening’ caused no immediate fireworks, other than....